Being able to communicate clearly is non-trivial in many ways. “Centralbankspeak”, the language that central bankers speak, can get counterproductive, if not used wisely. We all know of Alan Greenspan, the iconic chairman of the Fed. He had to propose to his future wife seven times before she finally understood that he was actually proposing to her! The idea of India 22.
A final thought before I close. A powerful lesson from the financial crisis has been that financial sector development is not, and cannot be, an end in itself. The growth of the financial sector is important only to the extent it improves the growth of the real sector.