Raghu Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, is wrapping up his latest research project as Chief Economist of the IMF as he prepares to return to Chicago GSB. His work on integrating financial sector analysis into the Fund’s lending practices is typical of the valuable service Rajan has performed for the IMF as it seeks to redefine its direction and increase its flexibility regarding loans.
The IMF’s managing director, Rodrigo de Rato, has praised Rajan’s contributions. In particular, Rajan helped increase awareness of how globalization, including economic imbalances and oil prices, need to be addressed by the IMF.
Chicago GSB Dean, Ted Snyder, told the Chicago Tribune that Rajan will bring, based on his experience at the IMF, “an additional dimension of leadership to the school.” Equally important will be the practical knowledge Rajan, whose research focuses on the role of institutions, especially financial institutions, in fostering economic development, will be able to share with students.
Rajan has been called “one of the fast rising economic leaders in the U.S.’ In 2003, Rajan was awarded the inaugural Fischer Black Prize by the American Finance Association for contributions to finance by an economist under 40.
Read the press release from the IMF.
Read Chicago Tribune article about Rajan.