Raghuram Govind Rajan was born on 3 February 1963 and is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business.
26 Facts About Raghuram Rajan
2.
At the 2005 Federal Reserve annual Jackson Hole conference, three years before the 2008 crash, Rajan warned about the growing risks in the financial system, that a financial crisis could be in the offing, and proposed policies that would reduce such risks.
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In 2003, Raghuram Rajan received the inaugural Fischer Black Prize, given every two years by the American Finance Association to the financial economist younger than 40 who has made the most significant contribution to the theory and practice of finance.
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Raghuram Rajan was born on 3 February 1963 in Bhopal, Madhya Pradesh, India.
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In 1970, he was posted to Sri Lanka, where Raghuram Rajan missed school one year because of political turmoil.
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Raghuram Rajan was a half-term student of Campion School, Bhopal until 1974.
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From 1974 to 1981 Rajan attended Delhi Public School, R K Puram, In 1981 he enrolled at Indian Institute of Technology Delhi for a bachelor's degree in electrical engineering.
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Raghuram Rajan graduated in 1985 and was awarded the Director's Gold Medal as the best all-round student.
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Raghuram Rajan was awarded an honorary doctorate degree by the London Business School in 2012, the Hong Kong University of Science and Technology in 2015, and Universite catholique de Louvain in 2019.
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In 1991, Raghuram Rajan joined as an assistant professor of finance at the Booth School of Business at the University of Chicago, and became a full-time professor in 1995.
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Raghuram Rajan became a member of the American Academy of Arts and Sciences in 2009, and served as the president of the American Finance Association in 2011.
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Raghuram Rajan has served as a founding member of the academic council of the Indian School of Business since 1998.
13.
American economist Anne Krueger, then the IMF's first deputy managing director, had recently read Raghuram Rajan's book Saving Capitalism from the Capitalists, and reached out to him to understand if he would be interested.
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Raghuram Rajan served in the position from October 2003 to December 2006.
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In 2007, then Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, drafted Raghuram Rajan to write a report proposing the next generation of financial sector reforms in India.
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On 10 August 2012 Raghuram Rajan was appointed as chief economic adviser to India's Ministry of Finance, succeeding Kaushik Basu in the role.
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On 6 August 2013 it was announced that Raghuram Rajan would take over as the Governor of the Reserve Bank of India for a term of 3 years, succeeding Duvvuri Subbarao.
18.
On 9 November 2015, Raghuram Rajan was appointed as Vice-Chairman of the Bank for International Settlements.
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On 18 June 2016, Raghuram Rajan announced that he would not be serving a second term as RBI Governor, and planned to return to academia.
20.
In September 2017, Raghuram Rajan revealed that though he was willing to take an extension and serve a second term as RBI Governor, the government had not extended any offer to him which left him with no choice but to return to the University of Chicago.
21.
In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Raghuram Rajan delivered a controversial paper that was critical of the financial sector.
22.
In interviews in September 2017, Raghuram Rajan said the Government of India had consulted the Reserve Bank of India, during his Governorship, on the issue of demonetization but never asked to take a decision.
23.
Raghuram Rajan's sister is a French teacher in New Delhi, and is married to an Indian Administrative Service officer.
24.
Raghuram Rajan's younger brother, Mukund Raghuram Rajan, was born in Chennai in 1968.
25.
Raghuram Rajan appeared on Siddharth Basu's quiz show Quiz Time, telecasted on the national television channel Doordarshan, in 1985, teaming up with his batchmate Jayant Sinha to represent IIT Delhi.
26.
Raghuram Rajan has participated in various marathons, such as the Standard Chartered Mumbai Marathon 2015.