Raghuram Rajan receives Deutsche Bank Prize

Reserve Bank of India governor Raghuram Rajan has been awarded the Fifth Deutsche Bank Prize for Financial Economics 2013, in recognition of his ground-breaking research work which influenced financial and macro-economic policies around the world.  The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000. The Centre for Financial Studies (CFS) awards the prize bi-annually in partnership with Goethe University Frankfurt.  Presenting the prize to Dr. Rajan, Deutsche Bank co-chairman Juergen Fitschen on Thursday said that it would have been hard to find a more deserving winner for this year’s award.  Dr. Rajan’s career “is not only marked by path-breaking, empirically-based research, but he never shied away from the real world of complex policy issues and special interests. He never shied away from speaking inconvenient truths,” Mr. Fitschen said.