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Saturday, February 1, 2014

Raghuram Rajan warns of global policy breakdown as EMs slide - The Economic Times

Raghuram Rajan warns of global policy breakdown as EMs slide - The Economic Times









Raghuram Rajan, Indian Central Bank Chief, Calls Out
U.S. Fed
Posted: 01/31/2014 10:25 am
EST  |  Updated: 01/31/2014 10:25 am EST
http://www.huffingtonpost.com/2014/01/31/raghuram-rajan-federal-reserve_n_4702439.html
RBI governor Raghuram Rajan warned of a breakdown in global policy
coordination a day after the Federal Reserve further cut stimulus, weakening emerging-market
currencies from the rupee to the Turkish lira.



Read the whole story at




Raghuram Rajan warns of global policy breakdown as EMs
slide


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MUMBAI: RBI
governor Raghuram Rajan warned of a breakdown in global policy coordination a
day after the Federal Reserve further cut stimulus, weakening emerging-market
currencies from the rupee to the Turkish lira.



Rajan, a former chief economist at the International Monetary Fund, called for
greater cooperation among policy makers weeks before finance chiefs from the
world's top developed and emerging markets gather in Sydney. The Fed's
statement on Wednesday made no mention of Rajan, a former chief economist at
the International Monetary Fund, called for greater cooperation among policy
makers weeks before finance chiefs from the world's top developed and emerging
markets gather in Sydney. The Fed's statement on Wednesday made no mention of
developing economies. "International monetary cooperation has broken down,"
Rajan, 50, said in an interview in Mumbai today with Bloomberg TV IndiaBSE 2.46
%, noting how emerging markets helped pull the global economy out of crisis starting
in late 2008. "Industrial countries have to play a part in restoring that,
and they can't at this point wash their hands off and say we'll do what we need
to and you do the adjustment."



Rajan raised interest rates this week along with central bankers from Turkey to
South Africa as the Fed pressed on with a reduction in monthly bond purchases
put in place to speed a recovery from the worst recession since the Great
Depression . Emerging-market stocks have had the worst start starting in
late 2008. "Industrial countries have to play a part in restoring that,
and they can't at this point wash their hands off and say we'll do what we need
to and you do the adjustment."



Read more at:

http://economictimes.indiatimes.com/articleshow/29648750.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

COMMENT:

No political
leader specially of a genocide committal crime party if is chosen with the idea
that he would retrieve the country from financial concerning Global policy break down
when the country's best known economist is already the ruling party's PM of
India seem to be in a puzzle and would like to hand over the problem to his
successor whoever he may be from which ever political party.  The PM is in dire need to get out before the entire blame
falls on his shoulder of being inapt to solve the problem and creating the problem..

Mr. Monmohon
Singh's silence clearly indicates the sliding down of the rising economical
Super Power of the south east asia  would soon start. India instead of playing on a blame game may be adviced to tighten
up its belt to face the oncoming massive ordeal to save the country's  economical expected devastation.   
 


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