According to the article by Rajan,the root cause of the recent financial crisis was

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Rajan argues that the root cause of the financial crisis was an inefficient policy of increasing the availability of credit due to greater income inequality. He explains that as more and more people were left behind by the market economy, policymakers sought to address the problem by making credit widely available to those who were creditworthy. This led to a buildup of debt that eventually became unsustainable, causing the financial crisis.

According to the Article by Rajan,the Root Cause of the Recent