Raghuram Rajan, the governor of the Reserve Bank of India (RBI), has announced that he will leave that position when his term expires in September to rejoin the University of Chicago Booth School of Business faculty.
“We are eager to welcome Professor Rajan back to the Chicago Booth faculty,” said Booth Dean Sunil Kumar. “His experience as leader of the central bank of India will be of great benefit when he returns to his research and teaching at the school. We could not be more delighted to have this great scholar back in Chicago.”
Appointed to a three-year term in August, 2013, Rajan took the helm as RBI governor on September 5 of that year. Shortly thereafter, he appointed an expert committee to revise and strengthen India’s monetary policy, and he is viewed as having adeptly handled the country’s high inflation and debt problems.
An International Monetary Fund chief economist from 2003-06, Rajan also is known widely for his foresighted warnings of the 2008-09 global financial crisis.
Born in India in 1963, Rajan Studied engineering at Indian Institute of Technology in Delhi then obtained an MBA from the Indian Institute of Management, Ahmedabad. He received his Ph.D. from the Massachusetts Institute of Technology. Rajan’s book, “Fault Lines: How Hidden Fractures Still Threaten the World Economy,” was published in 2010 and was named Winner of Financial Times/Goldman Sachs Business Book of the Year.