Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for the failings of the political system. And my worry is we don't have sufficient tools to do that, but we're not willing to say it. — Raghuram Rajan Copy Share Image
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have… — Raghuram Rajan Copy Share Image
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers. — Raghuram Rajan Copy Share Image
Our actions will be at measured pace given the current market turmoil. — Raghuram Rajan Copy Share Image
Capitalism’s biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues… — Raghuram Rajan Copy Share Image
Indian cricket fans are manic-depressive in their treatment of their favorite teams. They elevate players to god-like status when their team performs well, ignoring… — Raghuram Rajan Copy Share Image
I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability.… — Raghuram Rajan Copy Share Image
A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run,… — Raghuram Rajan Copy Share Image
Strong government doesn't mean simply military power or an efficient intelligence apparatus. Instead, it should mean effective, fair administration - in other words, 'good… — Raghuram Rajan Copy Share Image
Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank… — Raghuram Rajan Copy Share Image
I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels. — Raghuram Rajan Copy Share Image
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on… — Raghuram Rajan Copy Share Image
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing… — Raghuram Rajan Copy Share Image
The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all,… — Raghuram Rajan Copy Share Image
