Rethinking the Global Monetary System




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Date: Tuesday 10 May 2016
Time: 10-11.30am
Venue: Old Theatre, Old Building
Speaker: Dr Raghuram Rajan
Chair: Professor Erik Berglof

The global financial crisis has shaken up the international financial architecture. Regulatory changes and unconventional monetary policies have mainly served the interests of advanced economies.

Raghuram Rajan, Governor of the Reserve Bank of India, has been the main voice of emerging economies demanding a more balanced global monetary system. He would like to see more coordination to reduce volatility and a more effective “global safety net” to protect those most vulnerable. Emerging economies must be more involved in rethinking and reshaping the system.

Dr Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4th 2013. Rajan is on leave from the University of Chicago, where he is the Distinguished Service Professor of Finance at the Booth School. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund.

Dr Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. He co-authored Saving Capitalism from the Capitalists with Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010.

Erik Berglöf (@ErikBerglof) is the inaugural Director of the Institute of Global Affairs (IGA).

This event will include a welcome from LSE Director and President Professor Craig Calhoun (@craigjcalhoun) and introductory remarks from HE Mr Navtej Sarna (@NavtejSarna), High Commissioner of India. A vote of thanks will be given by Dr Mukulika Banerjee (@MukulikaB), Director of the South Asia Centre at LSE.

The Institute of Global Affairs (IGA) (@LSEIGA) creates a dedicated space for research, policy engagement and teaching across multiple disciplines to pioneer locally-rooted responses to global challenges.

This is the inaugural event for the ‘100 Foot Journey Club’, a collaboration between the High Commission of India and the LSE South Asia Centre. This event is organised in partnership with the LSE South Asia Centre (@SAsiaLSE), India Observatory and the High Commission of India.

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