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

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• Raghuram Rajan:

  A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move for

• Raghuram Rajan:

  Competition is like a treadmill. If you stand still, you get swept off. But when you run, you can n

• Raghuram Rajan:

  Instead of abandoning competition and giving banks protected monopolies once again, the public woul

• Raghuram Rajan:

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

• 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'm not a publicity hound, I hope.

• Raghuram Rajan:

  Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for t

• Raghuram Rajan:

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

• Raghuram Rajan:

  I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your polic

• Raghuram Rajan:

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