Posts tagged with 'Banking'

New book from Chicago Booth’s Raghuram Rajan gives glimpse inside policymaking during turbulent times in India

When University of Chicago Booth School of Business Professor Raghuram G. Rajan took charge as Governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit, and India’s exchange reserves were falling.

As measure after measure failed to stabilize markets, speculators sensed a full-blown crisis and labelled India one of the Fragile Five economies.

Read the full post