Raghuram G. Rajan: Fault Lines: How Hidden Fractures Still Threaten the World Economy

Raghuram Rajan is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. Dr. Rajan is also currently an economic advisor to the Prime Minister of India. Prior to resuming teaching in 2007, Dr. Rajan was the Economic Counselor and Director of Research (in plain English, the Chief Economist) at the International Monetary Fund (from 2003). Since then, he has chaired the Indian government’s Committee on Financial Sector Reforms, which submitted its report in September 2008. Dr. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. His papers have been published in all the top economics and finance journals, and he has served on the editorial board of the American Economic Review and the Journal of Finance. He has recently written a book entitled Fault Lines: How Hidden Cracks Still Threaten the World Economy. He also has an earlier book co-authored with Luigi Zingales entitled Saving Capitalism from the Capitalists



Dr. Rajan is a senior advisor to BDT Capital, Booz and Co, and is on the international advisory board of Bank Itau-Unibanco. He is a director of the Chicago Council on Global Affairs and on the Comptroller General of the United State’s Advisory Council. Dr. Rajan is President (elect) of the American Finance Association and a member of the American Academy of Arts and Sciences. In January 2003, the American Finance Association awarded Dr. Rajan the inaugural Fischer Black Prize, given every two years to the financial economist under age 40 who has made the most significant contribution to the theory and practice of finance.

Monday, December 27th - NBR from Nightly Business Report - NBR Podcast | PBS

Bad weather comes at the end of a busy holiday season. We talk to ”Fault Lines” author Raghuram Rajan about his book on the world economy. Jobs Outlook-- will unemployment get better in 2011? This week in sports we talk $100 million plus contracts and college bowl games. Some ideas on how to get a handle on the country's IOU's, he's economist Mark Zandi. Download the podcast here.