A shock to inflation is faster to dissipate – even if prices and wages are relatively more rigid – if inflation expectations are more firmly anchored. Now, while the statistical approach has generally failed to spot significant differences across the two areas, structural analysis comes to two main conclusions.
These benefits include: •  Enhanced efficiency in the settlement process and risk control mechanisms;  •  Enhanced safety through use of the SWIFT infrastructure;  •  Increased accessibility through commercial banks;  •  Improved investor confidence leading to increased activities at the NSE;  •  An efficient audit trail.