Professional Documents
Culture Documents
Since his paper got published Mr. Raghuram Rajan was a main target of critics. In
2008 because of correction in house price the crisis of 2008 started. It was
realized that somehow financial market behavior was not normal as excess
liquidity was more after getting higher return and risk associated with the
investment was ignored. Thus there was mismatch in risk and return.
In the light of above incidence please answer the following questions:-