INTERVIEW: Raghuram Rajan

Raghuram Rajan, a professor at the University of Chicago and a former chief economist at the International Monetary Fund (IMF), talks to CentralBankNews.com about the future role of the Fund.

In the fight to promote greater representation of developing economies' interests on the world stage, many have pointed to the IMF's quota system as a prime example of the outdated way in which the current system operates.

The quota system gives the G7 43.1% of voting power, a share which critics argue fa