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Raghuram Rajan returns at Chicago Booth School, will teach international corporate finance

Just retired RBI Governor Raghuram Rajan who cleaned-up more than $100 billion of stressed assets on the books of banks has finally resumed his role as ‘Distinguished Service Professor of Finance’ at the University of

India TV Business Desk, New York [ Published on: September 18, 2016 21:39 IST ]
Raghuram Rajan
Image Source : PTI Raghuram Rajan

Just retired RBI Governor Raghuram Rajan who cleaned-up more than $100 billion of stressed assets on the books of banks has finally resumed his role as ‘Distinguished Service Professor of Finance’ at the University of Chicago Booth School of Business and would teach international corporate finance there in winter of 2017.

Giving details of Rajan’s ‘course schedule’ for 2016-17, Chicago Booth School said this course will explore the challenges of corporate finance and investment in a more integrated global economy.

“How should one optimally organize the location of production, control, and financing? What kinds of new concerns emerge when the whole world, rather than just one’s domestic economy, become the arena of decision making?

“How does decision making depend on the environment one is doing business in? Most students will see this as an alternative to the case course in corporate finance, but some could see it as a complement,” it said about Rajan’s course.

Rajan, who was hailed as a ‘rockstar central banker’ soon after assuming charge at Reserve Bank of India in September 2013 but often landed in controversies during the three-year tenure with his outspoken views, 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 on 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”.

(With inputs from PTI)

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