She is the author of several books on Serbian Orthodox icons and the interrelatedness of modern art and religious thought and has published extensively on post-Renaissance and modern art in American, Serbian, and Bosnian journals. Rakic has given lectures and presentations at many scholarly institutions and organizations and her paintings and drawings have been shown in solo and group exhibitions in Franklin, Bloomington, and Terra Haute, Indiana; Freiburg, Germany; and Novi Sad, Serbia. Her paintings have won a number of prestigious awards in the Annual Wabash Valley Juried Exhibitions presented by the Swope Art Museum in Terre Haute.