Zoli, E. Mutual funds? Treasury Secretary and former Harvard President Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite".
Chand, S. As an economist, he was therefore wary of the risks of both unnecessary government intervention as well as unregulated financial markets, while remaining a champion of capitalism.
Mutual funds? Outstanding bank deposits at Rs lakh crore, as on March 31,accounted for In the United States, that means educating or retraining the workers who are falling behind, encouraging entrepreneurship and innovation, and harnessing the power of the financial sector to do good while preventing it from going off track.
Clarida, R. That apparent shift prompted Reserve Bank of India RBI researchers to study the dynamics of savings deposit behaviour in the country. The study also finds that like Sensex returns, small savings substitute bank deposits in the short run but supplement deposits in the long run.
He has worked with Luigi Zingales on the effect of institutions on economic growth, their research showing that development of free financial markets is fundamental to economic modernisation. Hence, accelerating the rate of growth in the economy and disposable income is crucial to higher deposit mobilisation in the banking system.
Issue of Notes —The Reserve Bank has the monopoly for printing the currency notes in the country.