Raghuram Rajan | Academic Influence

Why Is Raghuram Rajan Influential?

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According to Wikipedia, Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India; in 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.

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Raghuram Rajan's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Papers

Financial Dependence and Growth (1996) (8022)
What Do We Know About Capital Structure? Some Evidence from International Data (1994) (7186)
The Benefits of Lending Relationships: Evidence from Small Business Data (1994) (4915)
Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992) (3663)
The Effect of Credit Market Competition on Lending Relationships (1994) (3346)
The Great Reversals: The Politics of Financial Development in the 20th Century (2001) (2422)
Does Distance Still Matter? The Information Revolution in Small Business Lending (2000) (2122)
Trade Credit: Theories and Evidence (1996) (2050)
Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking (1999) (1948)
The Cost of Diversity: The Diversification Discount and Inefficient Investment (1998) (1754)
Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks (2002) (1696)
Entry Regulation as a Barrier to Entrepreneurship (2004) (1544)
A Theory of Bank Capital (1999) (1500)
Aid and Growth: What Does the Cross-Country Evidence Really Show? (2005) (1392)
Has Financial Development Made the World Riskier? (2005) (1307)
Power in a Theory of the Firm (1996) (1170)
Covenants and Collateral as Incentives to Monitor (1995) (1124)
The Paradox of Liquidity (1995) (959)
Foreign Capital and Economic Growth (2007) (831)
Why Bank Credit Policies Fluctuate: A Theory and Some Evidence (1994) (805)
Liquidity Shortages and Banking Crises (2002) (790)
The Real Effect of Banking Crises (2005) (766)
Has Finance Made the World Riskier? (2006) (735)
Which Capitalism? Lessons from the East Asian Crisis (1998) (684)
Analyst Following of Initial Public Offerings (1997) (667)
What Undermines Aid's Impact on Growth? (2005) (628)
Rethinking Capital Regulation (2008) (581)
Is the Glass-Steagall Act justified? A study of the U.S. experience with universal banking before (1994) (554)
The Credit Crisis: Conjectures About Causes and Remedies (2009) (552)
The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms (1998) (540)
Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010) (529)
The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies (2003) (520)
Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes (2011) (503)
What Determines Firm Size? (1999) (502)
Aid, Dutch Disease and Manufacturing Growth (2011) (484)
Saving capitalism from the capitalists : unleashing the power of financial markets to create wealth and spread opportunity (2004) (470)
Saving Capitalism from the Capitalists (2003) (455)
FINANCIAL SYSTEMS, INDUSTRIAL STRUCTURE, AND GROWTH (2001) (442)
The Governance of the New Enterprise (2000) (428)
The Benefits of Firm-Creditor Relationships: Evidence from small business data. * (1993) (427)
India's Pattern of Development: What Happened, What Follows? (2006) (421)
Banks and Markets: The Changing Character of European Finance (2003) (385)
Finance and Growth: Theory, Evidence, and Mechanisms (2003) (264)
Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications (2000) (261)
Illiquid Banks, Financial Stability, and Interest Rate Policy (2011) (257)
Money in a Theory of Banking (2003) (254)
The Internal Governance of Firms (2009) (248)
A Pragmatic Approach to Capital Account Liberalization (2008) (234)
Does aid affect governance (2007) (234)
Business Environment and Firm Entry: Evidence from International Data (2004) (223)
Fear of Fire Sales and the Credit Freeze (2009) (194)
The Influence of the Financial Revolution on the Nature of Firms (2001) (178)
Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act (1995) (172)
Illiquidity and Interest Rate Policy (2009) (162)
Banks and Liquidity (2001) (157)
The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens (1998) (154)
Patterns of international capital flows and their implications for economic development (2006) (152)
Are perks purely managerial excess (2006) (146)
The Benefits of Lending Relationships: Evidence from Small (1994) (146)
Trade Credit Contracts (2010) (142)
Are Perks Purely Managerial Excess? (2004) (139)
Competitive monetary easing: is it yesterday once more? (2014) (137)
Sovereign Debt, Government Myopia, and the Financial Sector (2011) (124)
Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century (2009) (119)
The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s (2012) (112)
Forthcoming in the American Economic Review (2006) (110)
Presidential Address: The Corporation in Finance (2012) (103)
The Persistence of Underdevelopment: Institutions, Human Capital or Constituencies (2006) (101)
Modernizing China's Growth Paradigm (2006) (97)
The Tyranny of Inequality (1995) (96)
Rent Preservation and the Persistence of Underdevelopment (2006) (86)
Banks and Cross-Border Capital Flows: Policy Challenges and Regulatory Responses Committee on International Economic Policy and Reform (2012) (86)
The Contributions of Stewart Myers to the Theory and Practice of Corporate Finance (2008) (75)
THE FIRM AS A DEDICATED : A THEORY OF THE ORIGINS AND GROWTH OF FIRMS ∗ (2000) (73)
Barriers to Entrepreneurship (2004) (71)
Aid and Growth (2005) (71)
The Effect of Market Conditions on Initial Public Offerings 1 (2002) (69)
Bank Bailouts and Aggregate Liquidity (2002) (69)
The Cost of Diversity : The Diversi cation Discount and Ine cient Investment (1997) (68)
The Entry of Commercial Banks into the Securities Business: A Selective Survey of Theories and Evidence. 1 (1995) (64)
The Paradox of Capital (2007) (64)
The Great Reversals (2000) (57)
Methodology for CGER Exchange Rate Assessments; November 8, 2006 (2006) (57)
The Credit Crisis and Cycle-Proof Regulation (2009) (54)
The Tyranny of the Inefficient: An Enquiry into the Adverse Consequences of Power Struggles (1997) (53)
Going the Extra Mile: Distant Lending and Credit Cycles (2018) (51)
Dollar Shortages and Crises (2004) (46)
The Future of the IMF and the World Bank (2008) (46)
The Corporation in Finance (2012) (43)
WHY BANKS HAVE A FUTURE: TOWARD A NEW THEORY OF COMMERCIAL BANKING (1996) (43)
The Persistence of Underdevelopment: Constituencies and Competitive Rent Preservation (2006) (42)
The Decline of Secured Debt (2019) (40)
Rethinking central banking: committee on international economic policy and reform (2011) (40)
Progress and confusion : the state of macroeconomic policy (2016) (38)
An Investigation into the Economics of Extending Bank Powers (2002) (36)
Controlled Capital Account Liberalization: A Propasal (2005) (36)
The Emergence of Strong Property Rights: Speculation from History (2003) (34)
Pledgeability, Industry Liquidity, and Financing Cycles (2017) (32)
Managerial Entrenchment and Debt Maturity : Theory and Evidence ∗ (2006) (30)
DEBT, FOLKLORE, AND CROSS-COUNTRY DIFFERENCES IN FINANCIAL STRUCTURE (1998) (29)
Aid and growth: the policy challenge. (2005) (29)
The Road to Prosperity: Saving Capitalism from Capitalists (2003) (27)
Constituencies and Legislation: The Fight Over the Mcfadden Act of 1927 (2011) (25)
India's Pattern of Development (2006) (24)
Policy issues in the Indian securities market (2007) (22)
Rules of the Monetary Game (2016) (22)
The Global Roots of the Current Financial Crisis and its Implications for Regulation (2008) (19)
Market institutions, financial market risks, and the financial crisis (2012) (18)
Make in India, largely for India (2015) (18)
Local Financial Capacity and Asset Values: Evidence from Bank Failures (2014) (18)
Draft Report of the Committee on financial Sector Reforms (2008) (17)
The Spillovers from Easy Liquidity and the Implications for Multilateralism (2020) (17)
The Post-Washington Consensus: Development after the Crisis - Working Paper 244 (2011) (17)
The Eclipse of the U.S. Tire Industry (2000) (17)
Making Capitalism Work for Everyone (2004) (16)
India: The Past and Its Future (2006) (16)
Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking (1998) (16)
Landed Interests and Financial Underdevelopment in the United States (2008) (16)
Financial Fire Sales: Evidence from Bank Failures (2014) (16)
Survival of the Fittest or the Fattest ? (1998) (15)
Pricing commodity bonds using binomial option pricing (1988) (14)
Crises and the Development of Economic Institutions: Some Microeconomic Evidence (2016) (14)
Is there a global shortage of fixed assets (2007) (14)
Global Imbalances and Financial Reform with Examples from China (2006) (13)
Towards Rules of the Monetary Game (2016) (12)
Competitive Rent Preservation, Reform Paralysis, and the Persistence of Underdevelopment (2006) (11)
NBER Conference on corporate alliances (2006) (11)
March, 2009 (2009) (10)
The True Lessons of the Recession (2012) (10)
Managing Financial Policy: Evidence from the Financing of Major Investments (2001) (9)
The Role of Firewalls in Universal Banks: Evidence from Commercial Bank Securities Activities before the Glass-Steagall Act (1994) (9)
Is there a future in banking? Towards a new theory of the commercial bank. (1996) (9)
Why Banks Have a Future: An Economic Rationale (1996) (9)
Do We Still Need Commercial Banks (1998) (8)
The Financial Crisis and the Death (or Hegemony) of Development Economics (2010) (7)
Democracy, Inclusion, and Prosperity (2015) (7)
Global Imbalances or why are the Poor Financing the Rich? (2008) (7)
Institutional Reform and Sovereign Debt Crises (2005) (7)
Banking and the Evolving Objectives of Bank Regulation (2017) (7)
Creditor Rights and Allocative Distortions – Evidence from India (2019) (6)
Chapter 6. Regulation of Executive Compensation in Financial Services (2010) (6)
Secured Credit Spreads (2020) (6)
The Relationship Dilemma: Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking (2019) (6)
Liquidity, Pledgeability, and the Nature of Lending (2021) (6)
The Fight against Inflation: A Measure of our Institutional Development (2016) (6)
THE CHANGING CHARACTER OF EUROPEAN FINANCE (2003) (6)
Chapter 9. Credit Default Swaps, Clearinghouses, and Exchanges (2010) (6)
Digital Currencies and Stablecoins: Risks, Opportunities and Challenges Ahead (2020) (6)
Liquidity and the rise of financial intermediation (1995) (5)
The Secured Credit Premium and the Issuance of Secured Debt (2020) (5)
When is Debt Odious? A Theory of Repression and Growth Traps (2020) (5)
Market Institutions and Financial Market Risk (2012) (5)
Strong Sustainable Growth for the Indian Economy (2015) (5)
Whither Bank Regulation: Current Debates and Challenges (2018) (5)
Chapter 7. An Expedited Mechanism to Recapitalize Distressed Financial Firms: Regulatory Hybrid Securities (2010) (5)
The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology? (2019) (5)
Currencies Aren't the Problem (2011) (5)
The Persistence of Underdevelopment : The Role of Constituencies and Competitive Rent Preservation (2005) (5)
STRUCTURE? SOME EVIDENCE FROM INTERNATIONAL DATA (5)
Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity (2022) (5)
The Independence of the Central Bank (2016) (5)
Failed States, Vicious Cycles, and a Proposal (2011) (4)
Kill Zone (2020) (4)
Tire Industry (2000) (4)
Resolving Stress in the Banking System (2016) (4)
Chapter 3. A New Information Infrastructure for Financial Markets (2010) (4)
Working Paper No . 2005-14 Asset Salability and Debt Maturity : Evidence from 19 th Century American Railroads (2005) (4)
Creating Constituencies for Reform 1 (2005) (4)
Finance and Opportunity in India (2014) (4)
Creating Constituencies for Reform (2005) (4)
American Economic Association Financial Dependence and Growth (4)
Separate and unequal. (2006) (4)
India: The Past and Its Future. Asian Development Review, Vol. 23(2), pp. 36-52 (2006) (4)
Financing Capacity and Fire Sales: Evidence from Bank Failures (2013) (4)
The Third Pillar: How Markets and the State Leave the Community (2019) (3)
Benign Financial Conditions, Asset Management, and Political Risks: Trying to Make Sense of Our Times (2007) (3)
Can soft power help the IMF make the world more stable? (2011) (3)
The role and governance of the IMF : Further reflections on reform (2008) (3)
Banks and cross-border capital flows: challenges and regulatory responses (2012) (3)
India's Pattern of Development; What Happened, What Follows? (2006) (3)
Secured Credit Spreads and the Issuance of Secured Debt (2020) (3)
IMF Research Bulletin, December 2006 (2006) (3)
Comment on Interbank Lending and System Risk (1996) (2)
Essays on Banking (1991) (2)
The Mayekawa Lecture: Whither Bank Regulation; Current Debates and Challenges (2018) (2)
The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics (2017) (2)
Chapter 2. A Systemic Regulator for Financial Markets (2010) (2)
Liquidity Dependence: Why Shrinking Central Bank Balance Sheets is an Uphill Task (2022) (2)
Saving Growth from Unequal Influence (2006) (2)
Policy and Evidence (2016) (2)
Forthcoming in the American Economic Review Modernizing China ’ s Growth Paradigm (2006) (1)
Chapter 10. Prime Brokers, Derivatives Dealers, and Runs (2010) (1)
Financial Reforms - Past and Present (2016) (1)
Pricing bank loans (1993) (1)
Tolerance and Respect for Economic Progress (2015) (1)
Raghuram Rajan: The changing paradigm for financial inclusion (2016) (1)
Raghuram Rajan: Financial inclusion - technology, institutions and policies (2014) (1)
Debt Maturity and the International Financial Architecture -- Olivier Jeanne -- July 1, 2004 -- IMF Working Paper No. 04/137 (2004) (1)
TWO. Exporting to Grow (2011) (1)
Unconventional monetary policy and the role of central banks (2017) (1)
Why Are Structural Reforms So Difficult ? The benefits of structural reforms aren ’ t always as obvious as the smaller , short-term costs (2004) (1)
Some evidence on the separation of commercial and investment banking (1992) (1)
Raghuram Rajan: Sustainable growth in the financial sector - 2015 C K Prahalad Lecture (2015) (1)
Raghuram Rajan: Financial Sector Legislative Reforms Committee Report (FSLRC) - what to do and when? (2014) (1)
The Internal Governance of Firms 1 Viral (2008) (1)
Controlled Capital Account Liberalization (2005) (1)
The Third Pillar (2020) (1)
FROM THE EDITOR BANK RESTRUCTURING 44 View from the Inside The Korean CEO who managed Seoul Bank ' s restructuring and successful privatization in 2000-02 recounts his experience (2004) (1)
Collateral , debt capacity , and corporate investment : Evidence from a natural experiment â ̃ † (2018) (1)
Program report: Corporate finance (2000) (1)
Financial conditions, alternative asset management and political risks: trying to make sense of our times (2007) (1)
Firewalls in universal banks (1995) (1)
Raghuram Rajan: IDRBT Banking Technology Excellence Awards - Governor's remarks (2016) (1)
Exit Interview: Rajan Reviews Experiences at Fund, Discusses Next Moves (2006) (0)
OF THE COMMITTEE FOR EVOLVING A COMPOSITE DEVELOPMENT INDEX OF STATES GOVERNMENT OF INDIA MINISTRY OF FINANCE SEPTEMBER 2013 (2013) (0)
Raghuram Rajan: Concerns about competitive monetary easing (2014) (0)
Stimulus or Reform (2012) (0)
Raghuram Rajan: Towards rules of the monetary game (2016) (0)
Industry Liquidity , and Financing Cycles (2017) (0)
Words Matter but so Does Intent (2016) (0)
Fischer Black Prize for 2003 (2003) (0)
NINE. Improving Access to Opportunity in America (2011) (0)
Timely Papers Session: Additional Papers to be Submitted (2010) (0)
Income Inequality and the Financial Crisis (2011) (0)
National Conference - Evolving as a Smart College: Concepts, Opportunities and Challenges (2016) (0)
THE EFFECF OF CREDIT MARKET (1994) (0)
Panel on the Financial Crisis (2010) (0)
Commentary on Life-cycle dynamics in industrial sectors: the role of banking market structure (2003) (0)
Dollar Shortages and Crises - IJCB - September 2005 (2018) (0)
Raghuram Rajan: Finance and opportunity in India (2014) (0)
Comment on "Credit Market Freezes" (2017) (0)
Introduction: NBER Conference on Strategic Alliances (2006) (0)
Raghuram Rajan: The independence of the central bank (2016) (0)
Bridge financing, delegated monitoring and corporate debt policy (1993) (0)
SERIES RENT PRESERVATION AND THE PERSISTENCE OF UNDERDEVELOPMENT (2020) (0)
Filtering Out the Real India (2013) (0)
Homeless people seek shelter under a highway ramp in San Francisco © New York Times / Redux / eyevine (2020) (0)
Homeless people seek shelter under a highway ramp in San Francisco © New York Times / Redux / eyevine (2020) (0)
Book review (1996) (0)
Raghuram Rajan: Democracy, inclusion, and prosperity (2015) (0)
Raghuram Rajan: Money and education (2016) (0)
Raghuram Rajan: Issues in banking today (2016) (0)
Raghuram Rajan: Bold face of India's economy speaks out (2014) (0)
FIVE. From Bubble to Bubble (2011) (0)
Can the tide turn (2003) (0)
American Economic Association The Influence of the Financial Revolution on the Nature of Firms Author ( s ) : (2015) (0)
Barriers to enterpreneurship (2004) (0)
Afterword to the Paperback Edition (2011) (0)
India in the Global Economy (2016) (0)
Emerging Markets Must Shift Their Focus Inwards (2008) (0)
Raghuram Rajan: Impact of Chinese slowdown on SAARC region and policy options (2016) (0)
Chapter 4. Regulation of Retirement Savings (2010) (0)
Video: Frontiers of Research on Financial Institutions - Featured Panel (2010) (0)
NBER WORKING PAPER SERIES INCONSISTENT REGULATORS: EVIDENCE FROM BANKING (2012) (0)
Raghuram Rajan: Competition in the banking sector - opportunities and challenges (2014) (0)
Country Study: Canada (2006) (0)
Raghuram Rajan: Inclusive growth and the role technology can play in it (2014) (0)
Working Paper No. 226 “Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century” (2012) (0)
Raghuram Rajan: Saving credit (2014) (0)
Raghuram Rajan: The five Pillars of Reserve Bank of India s financial sector policies (2013) (0)
Chapter 11. Conclusions (2010) (0)
Raghuram Rajan: Tolerance and respect for economic progress (2015) (0)
Raghuram Rajan: Strong sustainable growth for the Indian economy (2015) (0)
Fiduciary Duties and Equity‐debtholder Conflicts I. Fiduciary Duties and the Credit Lyonnais v. Pathe Communications Case Lawsuits Citing Credit Lyonnais Appeared in the next Several Years following Ruling. Ii. Data (0)
Raghuram Rajan: Make in India, largely for India (2014) (0)
Trial Paper Submission 1 (2010) (0)
Improving reliability of fertiliser plants. (2010) (0)
The Corporation in Finance 1 (2014) (0)
Economic evaluation: a necessary evil? (1995) (0)
SIX. When Money Is the Measure of All Worth (2011) (0)
Chapter 5. Reforming Capital Requirements (2010) (0)
Conference Summary: Vienna Conference on Trade Policy Research (2006) (0)
NBER WORKING PAPER SERIES IPO INTERVENTION AND INNOVATION: EVIDENCE FROM CHINA (2018) (0)
Chapter 8. Improving Resolution Options for Systemically Important Financial Institutions (2010) (0)
Organizations as Internal Capital Markets (2002) (0)
Raghuram Rajan: Interesting, profitable, and challenging - banking in India today (2016) (0)
FOUR. A Weak Safety Net (2011) (0)
Raghuram Rajan: Financial reforms - past and present (2016) (0)
EIGHT. Reforming Finance (2011) (0)
TEN. The Fable of the Bees Replayed (2011) (0)
What Purpose Do Corporations Purport? Evidence from Letters to Shareholders (2022) (0)
THREE. Flighty Foreign Financing (2011) (0)
The Two Faces of Liquidity (2018) (0)
Transition 14 (7-9) (2003) (0)
Raghuram Rajan: Words matter but so does intent (2016) (0)
American Economic Association Does Aid Affect Governance ? (2015) (0)
Economic and Financial Outlook (2014) (0)
Mongolia's Competitiveness and Economic Growth 21 (2006) (0)
Raghuram Rajan: Reserve Bank of India celebrates its 80th anniversary (2015) (0)
A new Bretton Woods (2009) (0)
4 POLICY ISSUES IN THE INDIAN SECURITIES MARKET (2003) (0)
Raghuram Rajan: Financial sector reforms (2013) (0)
A new report advocates a shake-up in India ’ s financial system to underpin growth (2008) (0)
ONE. Let Them Eat Credit (2011) (0)
Doing What Has to Be Done* (2019) (0)
New-Gen Urban Cooperative Banks - Some Musings (2014) (0)
SEVEN. Betting the Bank (2011) (0)

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