LONDON: Central banks across emerging market nations need to find ways to coordinate strategies during times of crisis, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
"Already you see a number of emerging markets intervening to help their neighbours," Rajan said during a speech in London, noting India had liquidity lines open for some of its neighbours.
"In the absence of the right kind of instruments on a global level, people need to work with each other and we need to figure out how to make this more part of the global structure," he added.