Raghuram Rajan, Indian economist and academic
Raghuram Govindarajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Between 2003 and 2006 he was Chief Economist and Director of Research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India; in 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.At the Federal Reserve annual Jackson Hole conference in 2005, Rajan warned about the growing risks in the financial system and proposed policies that would reduce such risks. Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite". However, following the financial crisis of 2007–2008, Rajan's views came to be seen as prescient and he was extensively interviewed for the Academy Awards-winning documentary Inside Job (2010).
In 2003, 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. His book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year award in 2010. In 2016, he was named by Time in its list of the '100 Most Influential People in the World'.
1963Feb, 3
Raghuram Rajan
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Events on 1963
- 8Jan
Mona Lisa
Leonardo da Vinci's Mona Lisa is exhibited in the United States for the first time, at the National Gallery of Art in Washington, D.C. - 8Feb
John F. Kennedy
Travel, financial and commercial transactions by United States citizens to Cuba are made illegal by the John F. Kennedy administration. - 21Apr
Bahá'í Faith
The first election of the Universal House of Justice is held, marking its establishment as the supreme governing institution of the Bahá'í Faith. - 7Oct
Partial Nuclear Test Ban Treaty
John F. Kennedy signs the ratification of the Partial Nuclear Test Ban Treaty. - 22Nov
Assassination of John F. Kennedy
U.S. President John F. Kennedy is assassinated and Texas Governor John Connally is seriously wounded by Lee Harvey Oswald