Book notes: The third pillar, by Raghuram Rajan
Rajan sets out ambitious – but deliberately non-radical – manifesto for reform at local level
Raghuram Rajan, The third pillar, Penguin Random House, 2019, 464 pages
“I’m not a radical guy, I don’t want to overthrow capitalism,” says Raghuram Rajan, speaking to Central Banking about his new book and the growing troubles central banks worldwide are facing from the rise of populist nationalism. In Rajan’s home nation of India, Hindu nationalist Narendra Modi is hoping to gain a new mandate as prime minister in the ongoing elections. Other populist strongmen, such as Donald Trump, Jair
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