Raghuram Rajan

Rethinking the Global Monetary System

Tuesday 10 May 2016, 10am, Old Theatre, Old Building
Speaker: Dr  Raghuram Rajan. Chair: Professor Erik Berglof

This event included a welcome from LSE Director and President Professor Craig Calhoun and introductory remarks from HE Mr Navtej Sarna, High Commissioner of India. A vote of thanks was given by Dr Mukulika Banerjee, Director of the South Asia Centre at LSE.

The global financial crisis has shaken up the international financial architecture. Regulatory changes and unconventional monetary policies have mainly served the interests of advanced economies.

Raghuram Rajan, Governor of the Reserve Bank of India, has been the main voice of emerging economies demanding a more balanced global monetary system. He would like to see more coordination to reduce volatility and a more effective “global safety net” to protect those most vulnerable. Emerging economies must be more involved in rethinking and reshaping the system.

Dr Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4th 2013. Rajan is on leave from the University of Chicago, where he is the Distinguished Service Professor of Finance at the Booth School. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund.

Dr Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. He co-authored 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.

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