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Raghuram Rajan Quotes

born 1963 India

Raghuram Govinda Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Between 2003 and 2006 he was Chief Economist and Director of Research at the International Monetary Fund.

India
Academics
Economists

Random Raghuram Rajan quote

8 quotes

Not taking risks one doesn't understand is often the best form of risk management.

A 007 James Bond image is very dangerous for a central banker to have.

On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.

Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.

I think we have still to get to a place where we feel satisfied. We have this saying - "In the land of the blind, the one-eyed man is king". We are a little bit that way.

Expectations are high. Clearly I am not a superman. There is a little bit of euphoria in India. I have a wife and two kids.

If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.

Improving the opportunities across the board is extremely important to sustain the legitimacy of wealth. If a whole horde of people, whole sections of society don't feel they have the opportunities, then the focus is going to be on those who have it and who have made it and say that is illegitimate.

Attribution

Quotes and notes from Wikiquote: Raghuram Rajan (page history), available under CC BY-SA 4.0.