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Rajan & Larry: A central difference

What a difference in the reaction to two candidates slated to take over a key country's central bank. When Raghuram Rajan was appointed as the next governor of the Reserve Bank of India, the verdict was near universal: an extremely qualified person had been selected for the post. The biggest concern was, and is, whether — given India's challenges — the tasks ahead are too big for anyone to shoulder successfully.

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