Having returned to his “ultimate home”, former Reserve Bank India (RBI) Governor Raghuram Rajan has resumed his role as a ‘Distinguished Service Professor of Finance’ at the University of Chicago Booth School of Business and will teach international corporate finance there in the winter of 2017.
Rajan, who was hailed as a “rockstar central banker” soon after he assumed charge at the RBI in September 2013, often landed in controversies during the three-year tenure with his outspoken views. He had earlier said he would return to academia after leaving RBI.
He was ‘on leave’ from Chicago University, with which he has been associated since 1991, during his tenure at RBI.
While announcing his decision to return to academia at end of his tenure at RBI, Rajan had said his “ultimate home is in the realm of ideas”.
Rajan, whose vocal comments on various occasions, including economic, political and social issues, often led to controversies and were also seen as being critical of the Modi government at times, has also said he would be back in India for lectures and other public events after a “break”.
Interestingly, the Chicago Booth School has listed “Indian politics” among Rajan’s interests, besides tennis, squash and history.
Giving further details, the Chicago Booth School said the format Rajan’s course would include discussions, case studies and “ethics discussion/comment”.
His course will explore the challenges of corporate finance and investment in a more integrated global economy.
Rajan, who is credited to have predicted the global financial crisis of 2008, is also a member of the Group of Thirty and was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences.
(With inputs from PTI)
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