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Need to increase emerging market coordination during crisis: RBI

Central banks across emerging market nations need to find ways to coordinate strategies during times of crisi

Published: 10th May 2016 07:17 PM  |   Last Updated: 10th May 2016 07:18 PM   |  A+A-

Raghuram Rajan_AP

Outgoing RBI Governor Raghuram Rajan |AP

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.



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