Who Should Control India's Central Bank?*

Nov 15th 2018, Jayati Ghosh

The standoff between India's government and the Reserve Bank of India isn't problematic because of the risk of infringing on central-bank independence. It is problematic because, rather than fighting to protect the public interest, the government's goal is to revive irresponsible bank lending, protect its cronies, and win votes.

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* This article was originally published in the Project Syndicate on November 12, 2018.

 

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