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Raghuram Rajan Quotes


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Quotes by Raghuram Rajan

Showing 21-30 of 53 Quotes by Raghuram Rajan

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

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If anybody was to look towards a big source of demand in future, it would be hard for them to miss India.

~Raghuram Rajan

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Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank function? We take a medium term view. The bank has an 80-year-old history. I don't want to destroy it for a few decisions.

~Raghuram Rajan

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Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.

~Raghuram Rajan

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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 had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

~Raghuram Rajan

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To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

~Raghuram Rajan

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As a country that does not belong to any power bloc, India cannot afford to put itself in the position of needing multilateral support - a trap into which even developed countries, like Portugal and Spain, have fallen.

~Raghuram Rajan

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The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.

~Raghuram Rajan

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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 obvious weaknesses; but when it loses, as any team must, the fall is equally steep, and every weakness is dissected.

~Raghuram Rajan

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Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.

~Raghuram Rajan

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Biography

Nationality: Indian

Type: Economist

Born: February 3rd, 1963

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