Essays banking raghuram rajan

“The mistake on all sides is to treat the RBI governor as just another bureaucrat. If the governor takes this mistaken view, he ends up being subservient to the central and state governments and not offering an independent technocratic perspective that could keep the nation from straying into economic distress,” Rajan wrote. At another place, he writes that if the government takes the mistaken view that RBI governor is just another bureaucrat, it will be “displeased when it sees the governor deviating from the usually deferential behaviour of bureaucrats and it will strive to cut him down to size. This does not serve the country either.”

Essays banking raghuram rajan

essays banking raghuram rajan

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