{"id":1886,"date":"2015-06-29T00:00:00","date_gmt":"2015-06-28T18:30:00","guid":{"rendered":""},"modified":"2016-01-02T10:02:13","modified_gmt":"2016-01-02T04:32:13","slug":"dr-raghuram-rajan-did-not-suggest-that-there-was-any-risk-of-the-world-economy-clarified-by-rbi","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/banking\/dr-raghuram-rajan-did-not-suggest-that-there-was-any-risk-of-the-world-economy-clarified-by-rbi\/","title":{"rendered":"Dr. Raghuram Rajan did not suggest that there was any risk of the world economy &#8211; clarified by RBI"},"content":{"rendered":"<div style=\"text-align:justify\">A section of the press has mis-characterized Governor Dr. Raghuram G. Rajan&#8217;s remarks at the AQR conference at London Business School on June 25, as saying &#8220;the world is at risk of a Great Depression&#8221;. What Governor Rajan did say, in his remarks made off the <a href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/Speeches\/PDFs\/GB2815FB19320144404340B74F7C2DAEDC6D93.PDF\" target=\"_blank\">attached written text<\/a>, was that the policies followed by major central banks around the world were in danger of slipping into the kind of beggar-thy-neighbour strategies that were followed in the 1930s. He then called for new rules of the game in the international monetary system, a call that he has made before, and is gaining some traction. The Great Depression was a period of great turmoil, caused by many factors and not just beggar-thy-neighbour policies. Governor Rajan did not imply or suggest that there was any risk of the world economy, which is in steady recovery notwithstanding uncertainties like those in the Euro area, slipping into a new Great Depression.<\/div>\n<div style=\"text-align:right\">Alpana Killawala<\/div>\n<div style=\"text-align:right\">Principal Chief General Manager<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A section of the press has mis-characterized Governor Dr. Raghuram G. Rajan&#8217;s remarks at the AQR conference at London Business School on June 25, as saying &#8220;the world is at risk of a Great Depression&#8221;. What Governor Rajan did say, in his remarks made off the attached written text, was that the policies followed by &#8230; <a title=\"Dr. Raghuram Rajan did not suggest that there was any risk of the world economy &#8211; clarified by RBI\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/banking\/dr-raghuram-rajan-did-not-suggest-that-there-was-any-risk-of-the-world-economy-clarified-by-rbi\/\" aria-label=\"More on Dr. Raghuram Rajan did not suggest that there was any risk of the world economy &#8211; clarified by RBI\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[357],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dr. Raghuram Rajan did not suggest that there was any risk of the world economy - clarified by RBI - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/banking\/dr-raghuram-rajan-did-not-suggest-that-there-was-any-risk-of-the-world-economy-clarified-by-rbi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dr. Raghuram Rajan did not suggest that there was any risk of the world economy - clarified by RBI - All About Finance\" \/>\n<meta property=\"og:description\" content=\"A section of the press has mis-characterized Governor Dr. Raghuram G. Rajan&#8217;s remarks at the AQR conference at London Business School on June 25, as saying &#8220;the world is at risk of a Great Depression&#8221;. What Governor Rajan did say, in his remarks made off the attached written text, was that the policies followed by ... 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