Raghuram Rajan Zitate – Sprüche auf Englisch mit Übersetzung

Zitat des Tages von Raghuram Rajan:

I am an academic, and I have always made it clear that my ultimate home is in the realm of ideas.

I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates, and that is the way they support growth, but if you cut interest rate to the bone, there is nothing more to cut. It is very hard to support growth beyond that.

Raghuram Rajan

A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast.

Raghuram Rajan

I am not a 'doom and gloom' guy.

Raghuram Rajan

If anybody was to look towards a big source of demand in future, it would be hard for them to miss India.

Raghuram Rajan

Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank function? We take a medium term view. The bank has an 80-year-old history. I don't want to destroy it for a few decisions.

Raghuram Rajan

The problem with forbearance is that it always looks like a good thing to do until it stops working.

Raghuram Rajan

What is important for a central banker is that you have to convey that you know what you are doing.

Raghuram Rajan

I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.

Raghuram Rajan

In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they are creating financial-sector and cross-border risks that will become increasingly apparent as countries exit their unconventional policies.

Raghuram Rajan

Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.

Raghuram Rajan

If developed countries' citizens want to feel slightly better about their economies' slow growth and high unemployment, they should contemplate how much worse matters could be without the institutions that they have.

Raghuram Rajan

Every adverse development across the world affects the rest of the world in some way.

Raghuram Rajan

Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.

Raghuram Rajan

To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

Raghuram Rajan

In a competitive industry, only paranoid incumbents - those constantly striving for betterment - have any hope of surviving.

Raghuram Rajan

I am an academic, and I have always made it clear that my ultimate home is in the realm of ideas.

Raghuram Rajan

In India, we say one thing, and we do something else.

Raghuram Rajan

Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.

Raghuram Rajan

Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to close banks when they get into trouble. Instead of making banking boring, let us make it a normal industry, susceptible to destruction in the face of creativity.

Raghuram Rajan

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

Raghuram Rajan

Taking my bike out and riding the bike path along Lake Shore Drive, that's one of the great experiences in my life. And I hope to do it as long as I can.

Raghuram Rajan

Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.

Raghuram Rajan

Competition is like a treadmill. If you stand still, you get swept off. But when you run, you can never really get ahead of the treadmill and cover new terrain - so you never run faster than the speed that is set.

Raghuram Rajan

The American political scientist Francis Fukuyama has argued that liberal democracies, with their political freedom and economic success, have three important pillars: a strong government, the rule of law, and democratic accountability. I would add a fourth: free markets.

Raghuram Rajan

Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth.

Raghuram Rajan

I am a 10th class pass in Hindi. From 7th grade to 12th grade, I was in Delhi; before that, I was abroad. I came in not knowing a word of Hindi in 7th grade and learned Hindi and passed the exam in 10th. I think I was north of 50 percent, so I feel very proud of that accomplishment.

Raghuram Rajan

I'm not a publicity hound, I hope.

Raghuram Rajan

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