Skip to main content
Access provided by

Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
80 commentaries
1 videos & podcasts

Raghuram G. Rajan, former governor of the Reserve Bank of India, is Professor of Finance at the University of Chicago Booth School of Business and the author, most recently, of The Third Pillar: How Markets and the State Leave the Community Behind (Penguin, 2020).

Sort by: Show:
  1. Deglobalization Is a Climate Threat
    rajan80_BRENDAN BANNONAFP via Getty Images_climaterefugees Brendan Bannon/AFP via Getty Images

    Deglobalization Is a Climate Threat

    Nov 18, 2022 Raghuram G. Rajan shows how a world of fragmentation and mutual suspicion will impede effective responses to global warming.

  2. Where Has All the Liquidity Gone?
    rajan79_Karol SerewisSOPA ImagesLightRocket via Getty Images_poundsterling Karol Serewis/SOPA Images/LightRocket via Getty Images

    Where Has All the Liquidity Gone?

    Oct 7, 2022 Raghuram G. Rajan & Viral Acharya show that years of quantitative easing have left financial markets deeply dependent on easy money.

  3. The Post-Inflation Economy That Could Be
    rajan78_Brooks Kraft LLCCorbis via Getty Images_telemedicine Brooks Kraft LLC/Corbis via Getty Images

    The Post-Inflation Economy That Could Be

    Aug 2, 2022 Raghuram G. Rajan shows how international cooperation and increased trade in services could unleash a productivity revolution.

  4. Just Say No to “Friend-Shoring”
    rajan77_ Tayfun CoskunAnadolu Agency via Getty Images_babyformula Tayfun Coskun/Anadolu Agency via Getty Images

    Just Say No to “Friend-Shoring”

    Jun 3, 2022 Raghuram G. Rajan explains why a popular new policy proposal by US President Joe Biden's administration should worry everyone.

  5. Regulating the Crypto Wild West
    op_rajan2_Smith CollectionGadoGetty Images_cryptocurrencies Smith Collection/Gado/Getty Images

    Regulating the Crypto Wild West

    Apr 22, 2022 Raghuram G. Rajan interviewed by Project Syndicate about how financial authorities can reduce digital-asset risk without smothering innovation.

Follow Raghuram G. Rajan

Never miss a commentary by Raghuram G. Rajan

  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images
    0

    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images
    0

    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images
    7

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images
    1

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images
    2

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

     reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images
    0

    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images
    2

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk
    2

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

     sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images
    0

    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.