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And you thought your first week of work was tough. Imagine taking the helm of the central bank of the world’s second-most-populo
And you thought your first week of work was tough. Imagine taking the helm of the central bank of the world’s second-most-populo
admin
2019-08-01
78
问题
And you thought your first week of work was tough. Imagine taking the helm of the central bank of the world’s second-most-populous country and its 10th-largest economy at a time full of economic risk. Or perhaps more vividly: imagine taking the helm of a huge, leaky ship as it sputters toward a maelstrom.
【R1】______On September 5, he assumes the position of governor of the Reserve Bank of India for a three-year term.
The central bank’s offices in Mumbai are a long way from the quiet, Gothic campus on the south side of Chicago that Rajan has called home for most of the past two decades. But Rajan has displayed an ability to straddle the worlds of a detached university in the developed world and the real-world problems of the developing world. A native of Bhopal, India, he sports a technocrat’s dream resume.【R2】______
Central bank chiefs are supposed to be seekers of consensus and experts in not rocking the boat, but Rajan isn’t afraid to speak truth to accepted wisdom.【R3】______More recently, he has angered economists on the left by challenging the Keynesian suggestion that the government borrow more to boost demand. As he wrote an influential 2012 Foreign Affairs article that raised the anger of Paul Krugman: "Rather than attempting to return to their artificially inflated GDP numbers from before the crisis, governments need to address the underlying flaws in their economies".
Mr. Rajan has also been right about India. In 2010, as arrogance in India soared, he warned that "growth can never be taken for granted" and that "self-deceive is the first step towards disaster." As he prepares to succeed Duvvuri Subbarao at the helm of the Reserve Bank of India(RBI)in September that caution seems prescient.【R4】______
This is a deadly cocktail for which there is no easy remedy.【R5】______
By September 30, when the fall quarter formally starts at the University of Chicago, he may be pining for the quiet and relative calm of Hyde Park.
[A]To stabilize the currency the RBI recently introduced a package of measures to suck liquidity out of the banking system and in turn raise short-term market interest rates.
[B]Rajan recently introduced several measures, such as jacking up rates aggressively, to combat inflation and support the currency, which may send the economy into an even lower gear—and likely exacerbate social and political tensions, but that may have to be Rajan’s first course of action.
[C]Now India’s economy is in a funk and the stricken rupee, off 20 percent against the dollar this year, makes imported oil and food more expensive.
[D]That’s precisely what Raghuram Rajan, a 50-year-old University of Chicago professor, is about to do.
[E]At a 2005 conference honoring Federal Reserve Chairman Alan Greenspan, he presented a prophetic paper that argued that the supercharged financial industry brought too much risk with too little potential reward.
[F]With an engineering degree from the famed Indian Institute of Technology and a Ph. D. in management from the Massachusetts Institute of Technology, he first appointed to teach at the University of Chicago in 1996, then held posts as chief economist of the International Monetary Fund and served in formal and informal advisory economic posts in India, all while churning out academic papers and popular books, including Fault Lines-. How Hidden Fractures Still Threaten the World Economy, which the Financial Times declared the business book of 2010.
[G]Mr Rajan is often described as one of the few economists to predict the financial crisis and his appointment, announced on September 5th, is welcome.
【R4】
选项
答案
C
解析
空格前文提到,拉詹对经济增长不要盲目乐观的警告是有预见性的。空格后一段第一句又指出:针对这个顽疾,并没有一劳永逸的解决办法。可以推断,空格处的内容应该涉及印度经济已经不再乐观。选项中只有[C]表达了这个意思,[C]指出:如今,印度经济低迷且卢比贬值,卢比对美元的汇率下跌了20%,造成进口石油和食物价格大涨。[C]符合上下文语义逻辑,因此为正确选项。
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考研英语一
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