Due to different macroeconomic and institutional contexts, the challenge of adapting to a post-crisis world is even greater for central banks in emerging economies, Reserve Bank of India (RBI) governor Duvvuri Subbarao said yesterday in a speech at the European Economics and Financial Centre in London.

Subbarao stressed that emerging market central banks must learn to manage policy making in a globalizing environment by taking their cue from "the best in the world," and adapt the lessons to "the