interview with Raghuram Rajan via Bloomberg
Hoover Institution fellow Raghuram Rajan says it would be ideal for the new Fed Vice Chair to be someone who straddles both academic and policy worlds.
quoting Raghuram Rajan via The Times of India
State Bank of India (SBI) has said that the spike in currency in circulation to near pre-demonetisation levels is possibly driven by political parties hoarding cash ahead of polls. Historically, cash usage picks up ahead of elections across governments. The surge in currency is slowing down deposit growth and pushing up interest rates in money markets.