Eswar Prasad is Professor of Economics at Cornell University and a senior fellow at the Brookings Institution. He is the former head of the IMF's Financial Studies Division.
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Eswar Prasad
Commentaries by Eswar Prasad
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A Clarion Call for Emerging Markets
ITHACA – With 2012 underway, it is worth reflecting on how a decade of strong economic growth in emerging markets led to last year’s resound…
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The Siren Song of Capital Controls
ITHACA, NEW YORK – Capital controls are back in vogue. Facing sharp currency appreciation and fearing asset-price booms fueled by hot money,…
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Emerging Lessons from the Crisis
ITHACA, NY – The US financial system is careening on the edge of a meltdown. All that has kept the much-vaunted font of global capitalism fr…
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China’s Incredible Shrinking Economy
ITHACA, NY -- The World Bank recently announced that the Chinese and Indian economies are 40% smaller than previously estimated. Sin…
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What Monetary Policy Does China Need?
China’s remarkable growth has been financed recently by a rapid expansion of money and bank credit that is producing an increasingly unsusta…
A Clarion Call for Emerging Markets
Shriya Anand: I agree with the author's point that rising inequality combined with corruption and political repression is bad for emerging economies and for growth. However, citing support for Anna Hazare's anti-c…
A Clarion Call for Emerging Markets
Zsolt Hermann: I agree with the main theme of "growth is not enough" statement, that we need transparency, honesty and equality, but I do not understand why this would only concern emerging market countries? Last…