A Quote by Raghuram Rajan

The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.

Raghuram Rajan

Quote Topics

Avoided Done Economies Emerging Emerging Economies Few Policy Sound

Quote Author

Raghuram Rajan
Indian - Economist
Born: February 3, 1963

Monetary policy causes booms and busts.

Edward C. Prescott

My view is that the U.S. market will eventually join the emerging markets on the downside because if you take a bearish view about emerging economies, you cannot be too optimistic about the U.S. because for many U.S. corporations, 50 percent or more of their profits come from emerging economies.

Marc Faber

Until we have comprehensive financial education, we'll never see the end of our booms and busts.

Robert Kiyosaki

A pickup in demand in many advanced economies and a stabilization in commodity prices should, in turn, boost the growth prospects of emerging market economies.

Janet Yellen

Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.

Gita Gopinath

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

Nouriel Roubini

If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.

Niall Ferguson

Europe would be well advised to pay more attention to Latin America. The emerging economies are the engines of the global economy. Colombia has done too little to improve its reputation in Europe.

Juan Manuel Santos

Sometimes I feel very alone. I am a bit of a nomad. Many people in sort of emerging countries, emerging economies, find themselves displaced. So there is that sense, and so I'm part of a whole, I think, group of displaced people.

Chris Abani

Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with wages in rich economies, generating a steady drop in real wages across Europe.

Guy Standing

In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

Raghuram Rajan

I don't think that [normalization] necessarily is going to damage the emerging economies.