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Raghuram Rajan: Working on thin files

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May Asia focus.

There was a time, not so long ago, when Raghuram Rajan was branded a Luddite by Lawrence Summers. He laughs about it now.

“As an academic or a thinker, if you’re not criticized, then you’re not really doing your job,” he says. “You’re providing anodyne commentary, which everyone can go along with and which upsets no one.”

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Raghuram Rajan

Rajan was chief economist for the IMF at the time and had said that there were serious problems within the banking industry; by 2008 he was proved right.