Usha Thorat: The economics of ecosystems and biodiversity Inaugural address by Mrs Usha Thorat, Deputy Governor of the Reserve Bank of India, at “The Economics of Ecosystems and Biodiversity (TEEB) D2 Workshop”, Mumbai, 13 April 2010.
Obviously many of the measures involved in these policy efforts go well beyond the tasks and powers of the ECB as a monetary policy-maker. In fact, many of the necessary steps will need to be taken in other policy domains. But the ECB can flank and support some of these steps, in particular, by forcefully responding to price stability risks.