Rajan bats for global safety net, coordinated action at Brookings

Reserve Bank of India Governor Raghuram Rajan on Thursday called for more global coordination in monetary policy and the creation of a global “safety net” administered by a multilateral body such as the International Monetary Fund (IMF) to tackle economic emergencies. Rajan made the comments in the context of the US Federal Reserve having increased the pace of withdrawal from quantitative easing this year.

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