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In an interview with Finance & Development, Raghuram Rajan explains the advantages and disadvantages of cross-border capital flows for emerging market economies. Rajan is a professor of finance at the Booth School of Business at the University of Chicago and has been governor of the Indian central bank from 2013 to 2016. More information in the June 2019 issue of F & D https : //www.imf.org/fandd
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