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2013

PRESS REVIEW

From July 2013

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Date Publisher Headline PRINT Center of Excellence SAFE Deutsche Bank Prize awarded to Raghuram G. Q 1/2013 Newsletter Rajan Ex-IWF-Chefvolkswirt Rajan wird 07.08.2013 Börsen-Zeitung Notenbankchef in Indien 08.08.2013 F.A.Z Chicago Boy als Harry Potter Booth School of Business; 20.08.2013 Journal of Chicago Booth Professor is Named of INTERNET WORLDWIDE chicagobooth.edu

prnewswire.com Chicago Booth Professor Raghuram Rajan is 06.08.2013 named Governor of Reserve Bank of India verticalnews.com

i4u.com REUTERS KEY WORLD 04.08.2013 FINANCIAL EVENTS Economic Events CALENDAR INTERNET GERMANY Raghuram Rajan is the Award Winner of the 15.07.2013 CFS Newsletter 01/2013 Deutsche Bank Prize in Financial 2013 Robert C. Merton on a New Approach for 15.07.2013 CFS Newsletter 01/2013 Analyzing and Managing Macrofinancial Risks Chicago Booth Professor Raghuram Rajan is 06.08.2013 ad-hoc-news.de named Governor of Reserve Bank of India Ex -IWF -Chefvolkswirt Raj an wird 07.08.2013. boersen-zeitung.de Notenbankchef in Indien

07.08.2013 Börsen-Zeitung, Seite 16

http://www.chicagobooth.edu/about/newsroom/press‐releases/2013/2013‐08‐06 06.08.2013

Press Releases Chicago Booth Professor Raghuram Rajan is Named Governor of Reserve Bank of India

Raghuram Rajan, a professor of at the University of Chicago Booth School of Business and the Indian government’s Chief Economic Adviser, has been named Governor of the Reserve Bank of India, the school announced today. While in this post, Rajan will be on leave from the university.

In August 2012, Rajan was named Chief Economic Adviser to the Indian government. Since then, he has continued to be associated with the school and university, while restructuring his academic commitments to meet his responsibilities in India. Previously, from 2008-2012, Rajan served as an honorary economic adviser to Prime Minister while he continued teaching and doing research at Booth full time.

Rajan will replace , who is stepping down after his five-year term ends September 4.

“The job of governor is one of great responsibility. I am extremely grateful to Chicago Booth and the university for being so supportive of its faculty when they undertake public service,” Rajan said.

At Booth, Rajan most recently taught an MBA course in international corporate finance and a PhD course in the theory of financial decisions.

Rajan chaired the Indian government’s Committee on Financial Sector Reforms in 2007 and 2008, and he was economic counselor and director of research for the International Monetary Fund from 2003 to 2006.

“We at Chicago Booth are very proud that one of our preeminent scholars is going to lead the central bank of a major country, and we believe this will be good for India. In turn, his experience in India will be extremely valuable to his research and his teaching when he returns,” said Sunil Kumar, dean of the school.

Rajan’s most recent position in the Indian government was similar to a post that Austan Goolsbee, another Booth professor, held in the administration of President Barack Obama. Goolsbee was chairman of the President’s Council of Economic Advisers from 2010 to 2011.

Rajan’s research interests are in banking, corporate finance and economic development, especially the role finance plays in it. His academic papers have been published in all the top economics and finance journals. Rajan was president of the American Finance Association in 2011.

Before the financial crisis struck, Rajan presented his research paper titled “Has Financial Development Made the World Riskier?” at the central bankers’ annual Jackson Hole Conference in 2005. In the paper, he concluded that serious risks to the financial system existed, and proposed policies that would reduce such risks.

Earlier this year, Rajan, Eric J. Gleacher Distinguished Service Professor of Finance at Booth, was awarded the Center for Financial Studies - Deutsche Bank Prize in 2013. His recent 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, and he won the Infosys Prize for Economic Sciences.

Rajan received the inaugural Prize, given every two years to the financial younger than 40 who has made the most significant contribution to the theory and practice of finance.

He joined the Booth faculty in 1991 after he received a PhD from the Massachusetts Institute of Technology. Earlier, he received an MBA from the Indian Institute of Management in Ahmedabad and an undergraduate degree from the Indian Institute of Technology in .

04.08.2013

REUTERS KEY WORLD FINANCIAL EVENTS CALENDAR

ECONOMIC EVENTS

SEP 26 HOUGHTON, - Bank of Minneapolis President Narayana Kocherlakota speaks at Houghton Rotary, Magnuson Hotel 820 Sheldon Avenue, Houghton - 1600 GMT. ** FRANKFURT - Reserve Bank of India Governor Raghuram Rajan speaks at the Goethe University Frankfurt and receives the “Deutsche Bank Prize in Financial Economics”, awarded by the Center for Financial Studies. ECB Vice-President Vitor Constancio will also be present in the panel discussion - 1000 GMT. NEWYORK - ECB board member Benoit Coeure speaks to NYU Money Marketeers in New york.

Stand 02.09.2013

http://www.chicagobooth.edu/about/newsroo m/press‐releases/2013/2013‐08‐06

http://www.prnewswire.com/news‐ releases/chicago‐booth‐professor‐raghuram‐ rajan‐is‐named‐governor‐of‐reserve‐bank‐of‐ india‐218573731.html http://www.ad‐hoc‐news.de/chicago‐booth‐ professor‐raghuram‐rajan‐is‐named‐governor‐ of‐‐/de/News/30939000 http://www.i4u.com/2013/08/duvvuri‐ subbarao/reserve‐rajan‐booth‐bank‐chicago‐ india‐governor‐named‐raghuram‐pro

http://news.biharprabha.com/2013/08/meet‐ raghuram‐rajan‐a‐rockstar‐economist‐and‐new‐ governor‐of‐rbi/

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