Central Bank Independence: Just How Much Power Do We Give Technocrats?
Finance Minister Arun Jaitley with RBI Governor Urjit Patel and SEBI Chairperson Ajay Tyagi at the Financial Stability and Development Council meeting at the Finance Ministry in New Delhi, on Oct. 30, 2018. (Photographer: Shahbaz Khan/PTI)

Central Bank Independence: Just How Much Power Do We Give Technocrats?

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Reserve Bank of India Deputy Governor Viral Acharya created a stir last week with his strongly-worded speech about the danger of governments undermining central banks. It was seen as a warning to t...
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