Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural,… — Raghuram Rajan Copy Share Image
It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to occasionally disagree with the most powerful people in the country. — 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
