Raghuram G. Rajan Receives the Deutsche Bank Prize in Financial Economics 2013 Thursday Sep 26,2013

 Prize winner Raghuram G. Rajan with Jürgen Fitschen, Co-Chairman of the Management Board, Deutsche Bank AG (right), and Michael Haliassos, Jury Chairman and CFS Director (left)

The Center for Financial Studies (CFS) awards the 5th Deutsche Bank Prize for Financial Economics to Indian economist Raghuram G. Rajan on Thursday Sep 26,2013

Raghuram G. Rajan, who was recently appointed Governor of Reserve Bank of India, is being honored for his influential work in financial economics. Jury Chairman and CFS Director Michael Haliassos summarized the view of the international jury, “Professor Rajan develops novel empirical and theoretical approaches with significant policy implications.” Raghuram G. Rajan’s work spans a broad range of areas in financial, including the central role of banks in creating liquidity and the role of finance in economic growth to the nature of corporations and their financing. He is one of few economists who warned the world about the financial crisis that eventually broke out in 2008.