Let me start by thanking the organizers for including me in this event. It's a great pleasure to be here with other old friends and colleagues to pay tribute to Raghu, and to congratulate him not only on winning the Deutsche Bank prize for Financial Economics, but also on his new job as governor of the Reserve Bank of India. It's an understatement to say that Raghu has a few challenges on his hands in this new role, but having known him for more than 20 years, I can't imagine anybody being better equipped--in terms of intellect, judgment, and strength of character--to handle these challenges. I would like to talk ... (full story)