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Raghuram Rajan

Senior Fellow
Biography: 

Raghuram Rajan is a senior fellow at the Hoover Institution and is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School.

Prior to that, he was the twenty-third governor of the Reserve Bank of India from 2013 to 2016, as well as the vice chairman of the board of the Bank for International Settlements from 2015 to 2016. He was the chief economist and director of research at the International Monetary Fund from 2003 to 2006. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. His latest book, The Third Pillar: How Markets and the State Leave the Community Behind, was released on February 2019 by Penguin Press. He coauthored Saving Capitalism from the Capitalists with Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010. Rajan was the president of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences and the Group of Thirty.

In January 2003, the American Finance Association awarded him the inaugural Fischer Black Prize for the best finance researcher under the age of forty. The other awards he has received include the global Indian of the year award from NASSCOM in 2011, the Infosys prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, and Euromoney magazine’s Central Banker of the Year Award 2014.

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Surveillance: Coronavirus Response With Raghuram Rajan

interview with Raghuram Rajanvia Bloomberg
Wednesday, March 25, 2020

Hoover Institution fellow Raghuram Rajan discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. 

In the News

Temporary Shock Shouldn't Become Permanent: Raghuram Rajan On Coronavirus Impact On Economy

featuring Raghuram Rajanvia India Today
Monday, March 23, 2020

Former RBI governor Raghuram Rajan spoke exclusively to India Today News Director Rahul Kanwal about his understanding of the economic situation in a post-coronavirus world and how India can deal with the global pandemic.

In the News

Leverage Has Been Building Up

featuring Raghuram Rajanvia The Market
Thursday, March 19, 2020

Raghuram Rajan, Professor of Finance at the University of Chicago, warns of defaults in the credit sector. To dampen the repercussions of the coronavirus pandemic, he argues for targeted economic measures, and he explains why he views Switzerland as a role model for the revitalization of growth in the industrial world.

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Raghuram Rajan: Economist Who Warned Of 2008 Crisis Doesn’t See A Repeat — If The U.S. Takes These Steps

interview with Raghuram Rajanvia Barrons
Tuesday, March 17, 2020

Hoover Institution fellow Raghuram Rajan discusses how the US can avert a global financial crisis, why TARP 2.0 may be needed, and if the US is headed into a negative interest-rate spiral. 

InterviewsBlank Section (Placeholder)Economy

Raghuram Rajan: Fed Slashes Rates To Zero Amid Coronavirus Fears

interview with Raghuram Rajanvia Yahoo Finance
Monday, March 16, 2020

Hoover Institution fellow Raghuram Rajan discusses what the emergency rate cut by the Federal Reserve means for markets and investors, and what the central bankers can do going forward.

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The Pandemic Stress Test

by Raghuram Rajanvia Project Syndicate
Friday, March 13, 2020

The COVID-19 crisis has exposed the underlying weaknesses in national economies, health systems, and even political ideologies. If there is any silver lining, it is that long-vilified experts and professionals have an opportunity to regain the public's trust.

Interviews

YES Bank Crisis: India Has To Clean Up Its Finance Sector Quickly, Says Raghuram Rajan

interview with Raghuram Rajanvia CNBC TV18
Wednesday, March 11, 2020

Hoover Institution fellow Raghuram Rajan says, I think the unwillingness to take a direct action to clean up has prolonged the state of malaise in the Indian economy. We can keep saying things are getting back and then yet another sort of financial sector firm gets into trouble.

In the News

Raghuram Rajan's Advice As Global Growth Slows Over Spread Of Coronavirus

quoting Raghuram Rajanvia NDTV
Friday, February 28, 2020

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Featured

Thomas Piketty’s ‘Capital and Ideology’: Scholarship without Solutions

by Raghuram Rajanvia Financial Times
Friday, February 28, 2020
The French economist’s data-driven analysis of inequality offers a flawed prospectus for change.
InterviewsEconomy

Fmr. RBI Head Raghuram Rajan On Virus Outbreak, Global Economy, India's Growth

interview with Raghuram Rajanvia Bloomberg
Thursday, February 27, 2020

Hoover Institution fellow Raghuram Rajan talks about the coronavirus outbreak and the implications for the global economy and central banks' policies. He also discusses the outlook for India's economy.

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