Raghuram Rajan’s call for coordinated global monetary policy a distant dream

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RBI governor Raghuram Rajan has been constantly urging major central banks, particularly the US Federal Reserve, to keep in mind the spillover effects of their ultra loose monetary policies on emerging economies such as India. This column agrees that in a highly integrated global economy, the zero interest rate policy (ZIRP) era and Quantitative Easing (QE) measures undertaken my major central banks has affected India to a great extent.

Source: https://in.news.yahoo.com/raghuram-rajans-call-coordinated-global-monetary-policy-distant-063204861–finance.html

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