The head of the Reserve Bank of India (RBI) ran into a wall of resistance on Friday when he urged some counterparts in developed economies to more formally consider the effects their domestic stimulus has on emerging markets. Alongside central bankers from the United States, Europe, and Brazil, Raghuram Rajan took the stage at a high-profile event here to list his proposals for better monetary cooperation and a global “safety net” that could provide funds for countries in case of economic emergency..........
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