However, subsequently, as the stable relationship between money supply on the one hand and the inflation rate and economic activity on the other broke down due to technological innovations in finance, money supply targeting became ineffective and was consequently abandoned.
Conclusion In conclusion, I would say that the working group tried to balance its recommendations in the light of international best practices and accounting standards and the societal need to preserve the value of productive assets of the economy and distribute the losses fairly between the borrower and lenders.