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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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In the News

‘Very Little’ Ammunition Left For Japan And Europe’s Central Banks, Rajan Says

featuring Raghuram Rajanvia Bloomberg
Wednesday, March 13, 2019
While the U.S. and China are able to cut interest rates, the Bank of Japan and the European Central Bank have less room to maneuver in the event of another downturn.
Interviews

Raghuram Rajan Says College Admissions Scandal Is A `Blow To The System'

interview with Raghuram Rajanvia Bloomberg
Wednesday, March 13, 2019

Hoover Institution fellow Raghuram Rajan discusses the US college admissions scandal and notes this needs to be cleaned up as soon as possible.

In the News

Raghuram Rajan Warns Of Perils Of Neglecting Social Issues, Rising Inequalities

featuring Raghuram Rajanvia Business Today
Tuesday, March 12, 2019

The former chief economist at the IMF said as markets have expand and become more international, governance also tends to become, first more national and then international.

In the News

Capitalism No Longer Helps Ordinary People, Claims Economist Tipped To Become The Next Bank Of England Governor

featuring Raghuram Rajanvia This is Money (UK)
Tuesday, March 12, 2019

Capitalism is failing because it no longer helps ordinary people, says a top economist seen as a frontrunner to lead the Bank of England.

Interviews

Raghuram Rajan On How Markets And The State Leave The Community Behind

interview with Raghuram Rajanvia Stigler Center
Tuesday, March 12, 2019

Hoover Institution fellow Raghuram Rajan talks about the current populist backlash against globalization and the release of his new book The Third Pillar: How Markets and the State Leave the Community Behind

In the News

Political Pressures Risk Undermining Central Banks - Rajan

featuring Raghuram Rajanvia Reuters
Tuesday, March 12, 2019

Rising political pressures on central banks around the world undermines effective monetary management by risking kneejerk policies rather than pre-emptive decision making, former Reserve Bank of India chief Raghuram Rajan said on Tuesday.

In the News

A Conversation With Professor Raghuram Rajan

mentioning Raghuram Rajanvia Chicago Booth Review
Tuesday, March 12, 2019

The Chicago Booth London campus is delighted to host the former Governor of the Reserve Bank of India and finance professor Raghuram Rajan - one of the most important economic thinkers of our time – to discuss the current populist backlash against globalisation and the release of his new book, The Third Pillar: How Markets and the State Leave the Community Behind.

In the News

Capitalism 'Under Serious Threat' As Economic, Political System Stops Providing For People: Raghuram Rajan

featuring Raghuram Rajanvia First Post (UK)
Tuesday, March 12, 2019

Former Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday warned that capitalism is under "serious threat" of a "revolt" as the economic and political system has stopped providing for the people, especially after the 2008 global financial meltdown.

Interviews

Raghuram Rajan: Inequality In America

interview with Raghuram Rajanvia NPR
Thursday, March 7, 2019

Hoover Institution fellow  Raghuram Rajan discusses how technology has made globalization possible, but it made inequality in the US much worse. Rajan examines inequality, what it means, and how is can be a benefit for everyone.

In the News

Ex-RBI Governor Raghuram Rajan To Get Yashwantrao Chavan National Award

featuring Raghuram Rajanvia The Economic Times
Thursday, March 7, 2019

Former Reserve Bank of India (RBI) Governor Raghuram Rajan has been chosen for the 'Yashwantrao Chavan National Award 2018' for his contribution towards economic development. Rajan will be presented the award at a function here on March 12 on the occasion of 106th birth anniversary of late Yashwantrao Chavan, who was the first chief minister of Maharashtra, a release issued here said.

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