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{margin-bottom:0in;} ul {margin-bottom:0in;} --> </style> <!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--> <link type="text/css" href="images/stylesheet.css" rel=stylesheet media=screen> <!--[if gte mso 9]><xml> <o:shapedefaults v:ext="edit" spidmax="7170"/> </xml><![endif]--><!--[if gte mso 9]><xml> <o:shapelayout v:ext="edit"> <o:idmap v:ext="edit" data="1"/> </o:shapelayout></xml><![endif]--> </head> <body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <div id=container> <div id=banner> <p class=MsoNormal><a href="http://www.chicagogsb.edu/" target="_blank"><span style='mso-fareast-font-family:"Times New Roman";mso-no-proof:yes;text-decoration: none;text-underline:none'><img border=0 width=150 height=32 id="_x0000_i1027" src="images/Chicago_Booth_logo_sm.png"></span></a><span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </div> <div id="double_main"> <div id="nameplate_sm"> <p class=MsoNormal><a href="index.htm"><span style='mso-fareast-font-family: "Times New Roman";mso-no-proof:yes;text-decoration:none;text-underline:none'><img border=0 width=177 height=28 id="_x0000_i1026" src="images/NamePlate_sm.png" alt="Raghuram G. Rajan"></span></a><span style='mso-fareast-font-family:"Times New Roman"; mso-no-proof:yes'><img border=0 width=261 height=28 id="_x0000_i1025" src="images/head_articles.png" alt="Published Articles"></span><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </div> <div id=navcontainer> <ul type=disc> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="http://www.project-syndicate.org/contributor/534">Articles in Project Syndicate:</a> Regular monthly column<o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="#_2010">Articles Published in 2010</a><o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="#2009">Articles Published in 2009</a><o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="#2008">Articles Published in 2008</a><o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="#2007">Articles Published in 2007</a><o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 level1 lfo3;tab-stops:list .5in'><span style='mso-fareast-font-family: "Times New Roman"'><a href="#2006">Articles Published in 2006</a><o:p></o:p></span></li> <li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; mso-list:l0 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href="http://www.project-syndicate.org/contributor/534">Articles in Project Syndicate</a>: Regular monthly column <o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="articles_files/Let%20them%20eat%20credit%20new%20republic.pdf">Let them eat credit</a>: The New Republic<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="articles_files/Do%20bankers%20need%20a%20social%20conscience.pdf">Should Bankers have a Social Conscience</a> : Financial Times, June <span class=GramE>2010</span><o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="articles_files/Right%20to%20Education.pdf">Right to Education</a> Indian Express<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="articles_files/A%20Better%20Way%20to%20Curb%20Size.pdf">A Better Way to Curb Size<span style='mso-spacerun:yes'>  </span></a><span style='mso-spacerun:yes'> </span>Financial Times, 2010 <o:p></o:p></span></p> <h2><span style='mso-fareast-font-family:"Times New Roman"'>2009<o:p></o:p></span></h2> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/When%20emerging%20markets%20demand%20more.pdf">When Emerging Markets Demand More</a><span style='mso-spacerun:yes'>   </span>Financial Times, August 21<sup>st</sup> 2009 <o:p></o:p></span></p> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Indian_Democracy_and_Economic_Reforms2.pdf">Indian Democracy and Economic Reforms</a>, with Abhijit Banerjee<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Start%20with%20the%20ministers.pdf">Start with the Ministers</a>, published in the <i style='mso-bidi-font-style:normal'>Indian Express</i> (May 22<sup>nd</sup> 2008) with Abhijit Banerjee<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Cycle%20Proof%20Regulation%20Article%20and%20Rejoinder.pdf">Cycle Proof Regulation </a>&nbsp;<span class=GramE>The</span> Economist (Apr 8th 2009)<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Protectionism%20and%20global%20dialogue.pdf">Protectionism and Global Dialogue</a>&nbsp;Various newspapers<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/geithner_post.pdf">Decoding the <span class=SpellE>Geithner</span> Plan</a>&nbsp; with Douglas Diamond and Anil Kashyap<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>New York Times Blog (<span class=SpellE>Freakonomics</span>)<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Unfreezing%20credit3.pdf">Unfreezing Credit</a>&nbsp; with Douglas <span class=GramE>Diamond<span style='mso-spacerun:yes'>  </span>Various</span> newspapers<o:p></o:p></span></p> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Reforming%20Global%20Economic%20and%20Financial%20Governance.pdf">Reforming Global Economic and Financial Governance</a>&nbsp;VoxEU.org (Centre for Economic Policy Research)<o:p></o:p></span></p> </div> </div> <h2><a name=2008></a><span style='mso-fareast-font-family:"Times New Roman"'>2008<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/It%20is%20no%20longer%20illiquidity.pdf">It s no longer illiquidity any more </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times Online<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Strengthening%20the%20Paulson%20Plan.pdf">Strengthening the Paulson Plan </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>WSJ Online and WSJ Asia (Sep 25 2008)<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Desperatetimes.pdf">Even desperate times need the right measures</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times Online<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/A%20change%20of%20tack%20in%20emerging%20markets.pdf">A Change of Tack in Emerging Markets</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Financial_Development_at_Risk_final.pdf">Financial Development at Risk with Erik Berglof</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Oped3MonetaryPolicyMyths.pdf">Op-ed 3 on Monetary <span class=GramE>Policy :</span> Monetary Policy Myths</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Eswar Prasad<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Business Standard <o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/OpedonExchangeRate.pdf">Op-ed 2 on Monetary <span class=GramE>Policy :</span> Exchange Rate Policy</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Eswar Prasad<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Business Standard <o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Op%20Ed%201%20on%20Monetary%20Policy%20Why%20An%20Inflation%20Objective.pdf">Op-ed 1 on Monetary <span class=GramE>Policy :</span> Why an Inflation Objective </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Eswar Prasad<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Business Standard <o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Ashokdesai%20interview.pdf">Business World Interview </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>interviewed</span></span><span style='mso-fareast-font-family:"Times New Roman"'> by Ashok Desai<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Economic%20times%20interview%20April%2014th.pdf">Economic Times Interview</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>April 14th<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/PrasadRajanopedonFSRC.pdf">Next Generation Financial Reforms for India</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Eswar Prasad<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Wall Street Journal, Asia<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/A%20hundred%20small%20steps.pdf">A Hundred Small Steps</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Business Standard<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Fake%20alpha%20or%20Heads%20I%20win.pdf">Fake alpha or Heads I win, Tails you lose</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/whither%20now%20regulation.pdf">Whither Now Regulation </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>The Banker<o:p></o:p></span></p> </div> </div> <h2><a name=2007></a><span style='mso-fareast-font-family:"Times New Roman"'>2007<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/A%20Change%20of%20Tack%20in%20Emerging%20Markets.pdf">A Change of Tack in Emerging Markets </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Central%20banks%20face%20a%20liquidity%20trap.pdf">Central Banks face a liquidity trap</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/India%20and%20Economic%20Freedom.pdf">India and Economic Freedom </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Economic Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/China%20and%20India%20lie%20low.pdf">China and India lie low </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Getting%20Countries%20to%20Talk%20to%20Each%20Other.pdf">Why it takes small groups to solve global problems</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/The%20Global%20Financing%20Glut.pdf">The Global Financing Glut </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <h2><a name=2006></a><span style='mso-fareast-font-family:"Times New Roman"'>2006<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Bangalore%20Bug.pdf">The Bangalore Bug</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Arvind Subramanian<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/BT%20Guide%20Singapore%20meetings.pdf">Overview of Global Imbalances</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Business Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Time%20-%20Singapore.pdf">Crisis and Change </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Time Magazine<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/World%20Outlook%20Sep%202006.pdf">Seven Years of Plenty and... </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <h2><a name=2005></a><span style='mso-fareast-font-family:"Times New Roman"'>2005<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/china%20growth.pdf">China s Key to Sustainable Growth </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Eswar Prasad <o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Indiatoday1%20.pdf">India s Economy: From Where to Where? </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Arvind Subramanian<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>India Today<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/World%20Economy%20Sep%202005.pdf">The World Economy at Crossroads </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Various newspapers<o:p></o:p></span></p> </div> </div> <h2><a name=2004></a><span style='mso-fareast-font-family:"Times New Roman"'>2004<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Outsourcing.pdf">An International View of Outsourcing </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Shang-<span class=SpellE>jin</span> Wei <o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>Various newspapers.</span></span><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Siren%20call.pdf">The Siren Call of the  New <span class=SpellE>Bretton</span> Woods </a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span class=GramE><span style='mso-fareast-font-family:"Times New Roman"'>with</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Arvind Subramanian<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="papers/Global%20Imbalances.pdf">Global Imbalances</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Financial Times<o:p></o:p></span></p> </div> </div> <h2><a name=Finance></a><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development<o:p></o:p></span></h2> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2006/12/straight.htm">The Great Game Again?</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Dec 2006)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Countries' current attempts to acquire commodity-producing firms as a way of ensuring their economic security in the face of declining commodities seem to mirror the 19th-century struggle among powerful countries to acquire influence in the Middle East and Central Asia. These attempts also violate good business sense.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2006/09/straight.htm">From Paternalistic to Enabling</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Sep 2006)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>India needs to exchange its paternalistic, directive government, which seeks to remedy every wrong through a subsidy, a quota, or a scheme, for one that creates an enabling environment for the people and unleashes their entrepreneurial zeal.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2006/03/straight.htm">Separate and Unequal</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Mar 2006)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Microfinance is increasingly being touted as a miracle cure for poverty. But instead of focusing solely on microcredit for the poor, we should make financial services available for all, says the IMF's Economic <span class=SpellE>Counsellor</span>.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2005/12/straight.htm">Aid and Growth: The Policy Challenge</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Dec 2005)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>The IMF's Economic <span class=SpellE>Counsellor</span> says we need more than aid to break the cycle of poverty. He argues that if the campaign to make poverty history is to succeed, then the failures of the past must be recognized, starting with recognition of the <span class=SpellE>chequered</span> history of aid.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2005/09/straight.htm">Risky Business</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Nov 2005)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>The IMF s Economic <span class=SpellE>Counsellor</span> argues that skewed incentives for investment managers may be adding to global financial risk. While the techniques and instruments to absorb fluctuations have improved, there is a great deal of uncertainty about how they will perform in a serious downturn<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2005/06/straight.htm">Debt Relief and Growth</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Jun 2005)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>The IMF's Economic <span class=SpellE>Counsellor</span> explains why one-size-fits-all proposals for debt relief to poor countries may be politically convenient but don't necessarily make economic sense.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2005/03/pdf/straight.pdf">Rules versus Discretion</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Mar 2005)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Should the IMF have less of a free hand in resolving crises? The Director of the IMF's Research Department examines whether or not the IMF should follow many central banks in adopting more of a rules-based approach to problems.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2004/12/pdf/straight.pdf">Odious or Just Malodorous</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Dec 2004)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>While the proposal to declare debt accumulated under dictatorships as odious is well motivated, one does not need conspiracy theories to explain why the idea has not <span class=SpellE>got</span> anywhere, nor why newly legitimate governments have accepted responsibility for servicing the potentially odious debts they inherited.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2004/09/pdf/straight.pdf">Assume Anarchy? Why an orthodox economic model may not be the best guide for policy</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Sep 2004)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Raghuram Rajan suggests that a better starting point for analysis than a world with only minor blemishes may be a world where nothing is enforceable and property and individual rights are totally insecure.<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2004/06/pdf/straight.pdf">Why Are Structural Reforms So Difficult?</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Jun 2004)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Raghuram Rajan explains that reforms are hard to sell because their benefits aren't always as obvious as their short-term costs. Success, he says, depends on timing, the sequence of reforms, and the compensation of &quot;losers.&quot;<o:p></o:p></span></p> </div> </div> <div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><a href="http://www.imf.org/external/pubs/ft/fandd/2004/03/pdf/straight.pdf">How Useful Are Clever Solutions?</a>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Finance and Development (Mar 2004)<o:p></o:p></span></p> </div> <div> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>In his first Straight Talk column, Raghuram Rajan, the IMF's new Economic <span class=SpellE>Counsellor</span> and Research Department Director, warns that &quot;clever&quot; solutions to economic problems aren't always truly useful.<o:p></o:p></span></p> </div> </div> <!-- <div class="content_entry"> <div class="title"><a href="papers/#"></a>&nbsp;</div> <div class="authors">&nbsp;</div> <div class="location"></div> <div class="blurb"></div> </div> --> <div id=footer> <h1><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></h1> </div> </div> </div> </div> </div> </body> </html>