Journal Article

Interview: Raghuram Rajan

Abstract: In August 2005, at the annual conference of central bankers in Jackson Hole, Raghuram Rajan created a stir. Rajan, then chief economist of the International Monetary Fund, argued in a presentation that a hidden danger of massive failures was lurking in the global financial system. Risks had been building up, he said, a result of the incentives facing private institutions in the environment of that era.

Keywords: central bank; India; inflation; payments;

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2024-07

Volume: 24

Issue: 3Q