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Andrés Velasco

Andrés Velasco

Writing for PS since 2001
136 commentaries

Andrés Velasco, a former presidential candidate and finance minister of Chile, is Dean of the School of Public Policy at the London School of Economics and Political Science. He is the author of numerous books and papers on international economics and development, and has served on the faculty at Harvard, Columbia, and New York Universities. 

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  1. Policymakers Keep Solving the Wrong Banking Problem
    velasco135_Nancy LaneMediaNews GroupBoston Herald via Getty Images_bank run Nancy Lane/MediaNews Group/Boston Herald via Getty Images

    Policymakers Keep Solving the Wrong Banking Problem

    Mar 28, 2023 Andrés Velasco argues that recent market turmoil has revealed that the sector’s main vulnerability is unavoidable.

  2. Latin America’s Moral Failure
    velasco134_ Luis Barron  Eyepix GroupFuture Publishing via Getty Images_ amlo Luis Barron Eyepix GroupFuture Publishing via Getty Images

    Latin America’s Moral Failure

    Mar 2, 2023 Andrés Velasco laments the refusal by most of the region’s key leaders to condemn Russia’s aggression against Ukraine.

  3. A Subsidy War Without Winners
    velasco133_sUSAN WALSHPOOLAFP via Getty Images_bidenvonderleyen Susan Walsh/Pool/AFP via Getty Images

    A Subsidy War Without Winners

    Jan 27, 2023 Andrés Velasco calls on policymakers to avoid petty conflicts and work together to encourage green investments.

  4. Latin America’s Democracies Hold Strong
    velasco132_Congress of Republic of Peru  HandoutAnadolu Agency via Getty Images_dinaboluarte Congress of Republic of Peru Handout/Anadolu Agency via Getty Images

    Latin America’s Democracies Hold Strong

    Dec 21, 2022 Andrés Velasco notes that despite recent challenges, institutions and the rule of law have proved resilient in many countries.

  5. The Unbearable Uselessness of Crypto
    velasco131_Chris McGrathGetty Images_bitcoin Chris McGrath/Getty Images

    The Unbearable Uselessness of Crypto

    Nov 25, 2022 Andrés Velasco explains why FTX's collapse should sink a hyped-up lie bobbing on an ocean of libertarian technobabble.

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  1. rogoff235_Tom WilliamsCQ-Roll Call, Inc via Getty Images_chewtiktokcongress Tom Williams/CQ-Roll Call, Inc via Getty Images

    Tick TikTok Goes Globalization

    Kenneth Rogoff

    The bipartisan push to ban TikTok in the US reflects both the growing distrust of China and lawmakers’ limited understanding of the tech world. While there are legitimate national-security concerns associated with the platform, a US ban could end up accelerating deglobalization.

    thinks efforts to restrict American users’ access to the app are hypocritical and counterproductive.
  2. acemoglu58_Chris McGrathGetty Images_turkeyearthquake Chris McGrath/Getty Images

    To Reconstruct Turkey, Rebuild Its Democracy

    Daron Acemoglu & Cihat Tokgöz

    Turkey's massive death toll from the earthquakes in February attests to a much larger problem. From an overly powerful construction lobby and endemic corruption to the steady erosion of democratic institutions, it is clear that the country now needs a thorough political and economic transformation.

    think the country needs not just a new government but a broader economic and political transformation.
  3. mody28_ NOAH SEELAMAFP via Getty Images_india unemployment NOAH SEELAM/AFP via Getty Images

    India’s Boom Is a Dangerous Myth

    Ashoka Mody dismantles the hype around a rosy economic narrative that is actually becoming bleaker by the day.
  4. basu90_ContributorGetty Images_putin icc Contributor/Getty Images

    Halting the Authoritarian Drift

    Kaushik Basu considers the dynamics that lead political leaders down the road to tyranny, paranoia, and aggression.
  5. khrushcheva165_SERGEI KARPUKHINSPUTNIKAFP via Getty Images_xiputin Sergei Karpukhin/Sputnik/AFP via Getty Images

    Xi’s the Boss

    Nina L. Khrushcheva says the Chinese leader's recent visit to Moscow was intended, first and foremost, to show who is in charge.
  6. pisaniferry143_FABRICE COFFRINIAFP via Getty Images_johnkerrychina Fabrice Coffrini/AFP via Getty Images

    Can “Cooperative Rivalry” Work?

    Jean Pisani-Ferry worries that America and China will be unable to find common ground on preserving the global commons.
  7. rajan82_BRENDAN SMIALOWSKIPOOLAFP via Getty Images_jeromepowell Brendan Smialowski/Pool/AFP via Getty Images

    The Fed’s Role in the Bank Failures

    Raghuram G. Rajan & Viral V. Acharya show how the US central bank's liquidity policies created the conditions for runs on uninsured deposits.
  8. velasco135_Nancy LaneMediaNews GroupBoston Herald via Getty Images_bank run Nancy Lane/MediaNews Group/Boston Herald via Getty Images

    Policymakers Keep Solving the Wrong Banking Problem

    Andrés Velasco argues that recent market turmoil has revealed that the sector’s main vulnerability is unavoidable.
  9. ito25_Chip SomodevillaGetty Images_yellen Chip Somodevilla/Getty Images

    An Insolvency Iceberg?

    Takatoshi Ito considers the risk that other banks will experience liquidity problems as interest rates continue to rise.

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