Emerging Market may hit back with their own version of QE: Raghuram Rajan

Emerging markets may begin to retaliate with monetary weapons of their own such as intervening in exchange rates if the central banks of the developed world are not mindful of the harm they cause because of their cheap money policies, said the Reserve Bank of India governor Raghuram Rajan. The unconventional policies pursued by the US Federal Reserve and the Bank of Japan may be help build risks in the financial markets which when blows up could probably lead to another crisis, he  .. 

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