Raghuram Rajan appointed as IMF chief economist
New Delhi: The International Monetary Fund (IMF) has appointed Dr Raghuram Rajan, 40, professor of Global Finance at the University of Chicago, has its new chief economist. The timing of the Rajan's selection to the high-profile post (titled economic counsellor and director of research department) comes at a time when India has started re-emerging as a creditor to the tune of $291 million to the IMF. An electrical engineering graduate from IIT-Delhi, Rajan did his MBA from IIM-Ahmedabad, followed by a PhD at the Massachusetts Institute of Technology in 1991. He began with a stint in Tata Finance as an administrative services officer in 1987. Later he held faculty positions as visiting professor of banking and finance at the Stockholm School of Economics (1996-97), visiting professor, Northwestern University (1996-97) and Fischer Black Visiting Professor, MIT (2000-01). Currently, Rajan is a Joseph L Gidwitz professor of finance at University of Chicago Graduate School of Business. He is also a director of the American Finance Association, an associate editor of The American Economic Review and a programme director for corporate finance at the National Bureau of Economic Research.
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