The Central Banker in Shining Armour

.....Rajan has the potential to transform his country’s fortunes. He has the perfect academic pedigree and, as a financial economist, strong market credentials. In addition, as his maiden speech as governor reminded us, he is an excellent communicator. He quoted Kipling to close his remarks, presumably in the knowledge that “words are, of course, the most powerful drug used by mankind.” And, judging from his words, Rajan knows what needs to be done.................

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