Passing the buck

Print edition : October 03, 2014

Mario Draghi, President of the European Central Bank. In early September, the ECB reduced interest rates to record lows. Photo: Martin Leissl/Bloomberg

RBI Governor Raghuram Rajan. He needs to find ways to reduce the overhang of footloose finance in India’s capital markets. Photo: Rajeev Bhatt

New houses at a construction site in Hatfield, U.K. Housing prices are reportedly extremely high in the U.K. compared with historical averages, rents and incomes. Photo: Jason Alden/Bloomberg

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