Raghuram Rajan

The 2023 banking crisis that took down four banks, including Silicon Valley Bank, by all appearances appears to have been resolved by public intervention. Yet, Viral Acharya and Raghuram Rajan argue, this leaves many of the underlying weaknesses that contributed to the bank failures unaddressed. Moreover, while the authorities’ temporary fixes have stopped the panic, the system will have to absorb more unrecognized losses over time.

Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of Silicon Valley...

Raghuram Rajan writes about the insights of Nobel winner Douglas Diamond's research, as well as his relationship with Doug as a colleague. It is...

The biggest problem with shareholder value maximization is that it completely turns a tin ear to politics. The alternative is to maximize the value...

It is when the behemoth of monopoly enterprise consorts with the leviathan of the authoritarian state that both are likely to achieve permanence, writes...