Raghuram Rajan awarded as Best Central Bank Governor for 2014
Updated: Oct 15, 2014 04:15:04pm
Mumbai, Oct 15 (KNN) Reserve Bank governor Raghuram Rajan has received the award for Best Central Bank Governor for 2014 by Euromoney magazine.
Euromoney said Raghuram Rajan’s tough monetary medicine combatted the storm ravaging, deficit-ridden economy in the recent emerging market crisis.
“Now, he is battling vested interests to arouse a sleepy financial system for over one billion people…Remarkably, the internationally-renowned economist, who earned acclaim for his warnings in 2005 of an upcoming global crisis of sorts, has, for the past year been true to his word,” Euromoney said.
Rajan received Euromoney’s Central Bank Governor of the Year Award 2014 in Washington on October 10, the RBI said in a release today.
“As he confronted capital outflows, the rupee at record lows, and over-blown but palpable fears India was marching towards an Asia-crisis style abyss, Rajan duly administered tough monetary medicine to ailing bond and currency markets,” Euromoney added.
Rajan had taken charge as the 23rd RBI Governor on September 4, 2013 and succeeded Duvvuri Subbarao.
In 2003, he won the Fischer Black Prize awarded by the American Finance Association for contributions to the theory and practice of finance by an economist under age 40. He was awarded the fifth Deutsche Bank Prize for Financial Economics 2013 on September 26, 2013 for his "ground-breaking research work which influenced financial and macro-economic policies around the world". (KNN/SD)
Euromoney said Raghuram Rajan’s tough monetary medicine combatted the storm ravaging, deficit-ridden economy in the recent emerging market crisis.
“Now, he is battling vested interests to arouse a sleepy financial system for over one billion people…Remarkably, the internationally-renowned economist, who earned acclaim for his warnings in 2005 of an upcoming global crisis of sorts, has, for the past year been true to his word,” Euromoney said.
Rajan received Euromoney’s Central Bank Governor of the Year Award 2014 in Washington on October 10, the RBI said in a release today.
“As he confronted capital outflows, the rupee at record lows, and over-blown but palpable fears India was marching towards an Asia-crisis style abyss, Rajan duly administered tough monetary medicine to ailing bond and currency markets,” Euromoney added.
Rajan had taken charge as the 23rd RBI Governor on September 4, 2013 and succeeded Duvvuri Subbarao.
In 2003, he won the Fischer Black Prize awarded by the American Finance Association for contributions to the theory and practice of finance by an economist under age 40. He was awarded the fifth Deutsche Bank Prize for Financial Economics 2013 on September 26, 2013 for his "ground-breaking research work which influenced financial and macro-economic policies around the world". (KNN/SD)
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