Rajan Has A Tough Job Ahead: Satyajit Das
  • Elizabeth George
  • Sep 10 2013

September 10: Author and Risk Consultant Satyajit Das says Raghuram Rajan has emerged as a celebrity central banker but he faces a number of problems. Rajan must balance the available tools with macroeconomic fundamentals, Das says. “Intervening in currency markets is dangerous. Moreover, he has no control over the fiscal side, with government spending generously on elections,” he says, adding that everyone’s hopes are on Rajan since the government is seen as dysfunctional.