Suggestions for a new international monetary architecture

May 26, 2015 11:46

The Reserve Bank of India thinks conventionally of itself as a central bank and refuses to stray beyond its role; so most of its publications are deadly boring. Its internal proceedings must be even more so. How does an intelligent man like Raghuram Rajan endure the boredom?

How does he resist the temptation of jumping out of his window on the 18th floor? One of the things he does to stay sane is do economics - read it, think it, and even utter it sometimes. He was a good macroeconomist before he stumbled into babudom; he stretches and exercises his intellectual muscles once in a while. Read more

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