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Dr. SDV P Rajendra Operan
Dr. SDV P Rajendra Operan
At the Federal Reserve annual Jackson Hole conference in 2005, Rajan warned about the
growing risks in the financial system and proposed policies that would reduce such risks.
Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and
Rajan himself a "luddite".[6] However, following the financial crisis of 2007–2008, Rajan's
views came to be seen as prescient and he was extensively interviewed for the Academy
Awards-winning documentary Inside Job (2010).
In 2003, Rajan received the inaugural Fischer Black Prize, given every two years by the
American Finance Association to the financial economist younger than 40 who has made the
most significant contribution to the theory and practice of finance. His book, Fault Lines: How
Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman
Sachs Business Book of the Year award in 2010. In 2016, he was named by Time in its list of
the '100 Most Influential People in the World'.[7][8]