The Institute Blog

Raghuram Rajan Wins Deutsche Bank Prize

Raghuram G. Rajan has been awarded the 5th Deutsche Bank Prize in Financial Economics 2013 by The Center for Financial Studies (CFS) for his highly influential contributions in a broad range of areas in financial economics.

The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of €50,000. The CFS awards the prize biannually in partnership with Goethe University Frankfurt. The prize will be presented to Raghuram G. Rajan as part of an academic symposium in Frankfurt on 26 September 2013.

Rajan is a Professor of Finance at the University of Chicago’s Booth School of Business and serves as Chief Economic Adviser in the Finance Ministry, Government of India. Previously, he was Chief Economist at the International Monetary Fund (2003 - 2006). His most recent book is Fault Lines: How Hidden Fractures Still Threaten the World Economy, which won the Financial Times Business Book of the Year award in 2010.

Click here to read more, and watch Rajan's INET interview below!



When talking about the crisis, we need to reflect more about The cooperative model of enterprise governance. The coop economy has been thriving in the UK. Financial cooperatives - credit unions, cooperative banks - weathered the storm during the crisis and even came out strong. For instance: Co-op bank assets grew by 10% 2007 – 2010; Only 7 % European Co-op banks suffered losses during the crisis; Credit Union reserves increased by over 14 %; Savings in credit unions increased by 1% in 2008, 15 % in 2009 and 7.3 % in 2010. Can read more In the interview below.

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