Six things you need to know about Raghuram Rajan | beyondbrics

Six things you need to know about Raghuram Rajan | beyondbrics:

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The new governor of India’s central bank has built a reputation as a world-class economist during a quarter century of teaching and writing – helped along by one explosive speech in 2005. Here is a potted biography in six short chapters.

1. He was the party pooper at Alan Greenspan’s farewell bash at Jackson Hole in 2005, raising warnings about the dangers that led to the financial crisis of 2008-09. In response, Lawrence Summers called him a “luddite”.

2. At the time, Rajan was serving as the youngest ever chief economist at the IMF. He was also the first non-westerner in the job, which he held from October 2003 to December 2006."

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