RBI’s Rajan: Central banks should be evaluated under global rules

RBI’s Rajan: Central banks should be evaluated under global rules

A global system should be created to assess the “spillover” effects of decisions made by central banks, including unconventional monetary policies, said Raghuram Rajan, governor of the Reserve Bank of India. “We can pretend all is well with the global financial non-system and hope that nothing goes spectacularly wrong. Or we can start building a system for the integrated world of the 21st century,” he said at an International Monetary Fund event in New Delhi. Reuters (12 Mar.)

 

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