Finance Raghuram Rajan on monetisation debate: 'It's neither a game changer nor a catastrophe' Updated : May 08, 2020 02:56 PM IST Raghuram Rajan, former RBI governor and now a professor of finance at Chicago Booth School, in a note on LinkedIn, lucidly explains what monetisation of deficit is all about. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.