Ex-RBI Governor Rajan Sees Emerging Markets as a Global Risk

The transcript discusses early warnings of a financial crisis, focusing on leverage and asset prices. It highlights the impact of trade actions on emerging markets, particularly in relation to the US-China trade tensions. The discussion also covers India's economic challenges, including the depreciation of the rupee and the need for fiscal stability. Finally, it addresses the necessity for banking sector reforms to tackle rising non-performing loans.

What were the two main concerns that built up before the previous financial crisis?

What are the implications of rising asset prices in the context of financial markets?

What role do commodity prices play in the economic stability of emerging markets?

How did the Federal Reserve's rate hikes impact emerging markets?

What factors contributed to the depreciation of the Indian rupee?

How can emerging markets prepare for potential economic downturns?

In what ways did the banking system show signs of distress during the financial crisis?