Who Should Control India’s Central Bank? Jayati Ghosh

The standoff between India’s government and the Reserve Bank of India isn’t problematic because of the risk of infringing on central-bank independence. It is problematic because, rather than fighting to protect the public interest, the government’s goal is to revive irresponsible bank lending, protect its cronies, and win votes.

For full article click here

(This article was originally published in the Project Syndicate on November 12, 2018)