University of Cambridge > > Marshall Lecture > "Why have banks?" and "Banks, Policy Intervention and Crises"

"Why have banks?" and "Banks, Policy Intervention and Crises"

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If you have a question about this talk, please contact Cherie Lee.

Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 2013, and is currently on leave from the University of Chicago, where he is the Distinguished Service Professor of Finance at the Booth School. Between 2003 and 2006, Dr Rajan was the Chief Economist and Director of Research at the International Monetary Fund.

Dr Rajan’s research interests are in banking, corporate finance, and economic development, especially the role finance plays in it.

The annual Marshall Lectures are a major event in the calendar of the Faculty of Economics and are held in the memory of Alfred Marshall (1842-1924) who founded the Economics Tripos in 1902. Professor Marshall was one of the most influential economists of his time, uniting key concepts such as supply and demand, marginal utility and the costs of production in his book, Principles of Economics in 1890.

If you would like to attend either of the lectures please contact Cherie Lee at

This talk is part of the Marshall Lecture series.

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