Raghuram G. Rajan Says More…Project Syndicate (PS): You have criticised monetary policymakers’ response to the 2008 global economic crisis, which had profound spillover effects to which they “paid insufficient heed”. In your new book, Monetary Policy and Its Unintended Consequences, you offer a “sketch of a model” showing how monetary-policy spillovers “cause leveraging,
When more financial regulation is not better zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.