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{"ops":[{"insert":"In a recent article on BusinessLive, Duma Gqubule argues that South Africa does not have a real central bank. He criticises the conduct of monetary policy and puts forward a range of proposals under the umbrella term monetary finance. 1. Compare his proposals to what you have learned about monetary policy in Chapter 9. You can compile a summary table as follows. (12) \nThe SARB\u2019s way & Gqubule\u2019s proposals \nThe objective of monetary policy "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"The targets "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"The way in which policy is conducted, and instruments used"},{"attributes":{"list":"bullet"},"insert":"\n"}]}
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