Ex-RBI Dy Guv Rakesh Mohan joins Yale faculty

I / Washington March 12, 2010, 10:12 IST

One of the most distinguished Indian economist Rakesh Mohan has been appointed as a faculty at the prestigious Yale University joining the ranks of Tony Blair, the former British prime minister; Ernesto Zedillo, the former Mexico president and Rajendra Pachauri.  

Mohan has been appointed as the Professor in the Practice of International Economics and Finance in the Yale School of Management, and as Senior Fellow in the Jackson Institute for Global Affairs at Yale University; Yale University President Richard C Levin said in a statement today.  

Until recently, the Deputy Governor of the Reserve Bank of India, Mohan's appointment will begin on July 1, 2010.  

"Rakesh Mohan has been among India's most distinguished economists and admirably served the Reserve Bank of India and the central banking community during a period of unprecedented growth and challenges," Levin said.  

"I am pleased that Professor Mohan will bring his experience and knowledge to his teaching at Yale in training of the next generation of economists and international leaders," he said.  

"I am honored to return to Yale ¿ this time on its faculty ¿ because it was at Yale forty years ago as an undergraduate that I began my studies in economics. I have long admired the caliber and the talent of Yale's students and faculty, and I am very much looking forward to again being part of this extraordinary scholarly community," Mohan said.

Mohan received his B.A. In Economics from Yale University and his M.A. And Ph.D. In Economics from Princeton University. He also holds a B.S. In Electrical Engineering from Imperial College of Science and Technology, University of London.  He has been a member of the Yale President's Council on International Activities (PCIA) since 2005.  

Mohan is currently the non-executive vice chairman of the Indian Institute of Human Settlements, and Global Adviser to the McKinsey Global Institute, McKinsey and Company.  

In February 2010, Prime Minister Manmohan Singh appointed Mohan as chairman of the multi-ministry National Transport Development Policy Committee to recommend transportation policy for India.  

Mohan has researched extensively in the areas of economic reforms and liberalisation, industrial economics, urban economics, infrastructure studies, economic regulation, monetary policy and the financial sector.  He is the author of three books on urban economics and urban development and co-author of one and editor of another on Indian economic policy reforms, and of numerous articles.  

He served as Deputy Governor of the Reserve Bank of India between September 2002 and October 2004, and again, June 2005 to July 2009.  

In the interim, he served as Secretary of the Department of Economic Affairs in the Ministry of Finance, Government of India. As Deputy Governor, he was in charge of monetary policy, financial markets, economic research and statistics.