The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM...

This paper delves into the perplexing issue as captured in the title of the paper. The announcement by the Public Protector will further dampen the economy of South Africa. It will lead to further economic downgrades by the ratings agencies in an era of recession, very high employment, and...