BusinessWrong To Say Central Banks Always Have A Bazooka: Raghuram Rajan
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Wrong To Say Central Banks Always Have A Bazooka: Raghuram Rajan
RBI Governor has cautioned against expecting too much from central banks
Raghuram Rajan asserted that life is "very difficult" in emerging markets
Mr Rajan announced last month that he wouldn't opt for a 2nd term at RBI
RBI Governor Raghuram Rajan announced last month that he would not opt for a second term at the central bank when his current tenure ends in September.
Basel: Cautioning against expecting too much from central banks, Reserve Bank of India Governor Raghuram Rajan has said it is wrong on their part also to always claim a "bazooka" is left up their sleeves.
In a panel discussion here on lessons learnt by the central bankers from the global financial crisis, he also took on the industrial nations for expecting the emerging markets to be "orthodox" in their monetary and economic policie...