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Eswar Prasad

Eswar Prasad

22 commentaries

Eswar Prasad, Professor of Economics in the Dyson School at Cornell University, is a senior fellow at the Brookings Institution and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021).

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  1. A Perilous Macroeconomic Moment
    prasad21_Michael M. SantiagoGetty Images_NYSE Michael M. Santiago/Getty Images

    A Perilous Macroeconomic Moment

    Apr 7, 2023 Eswar Prasad warns that inflation woes and banking failures are likely to impede global growth beyond this year.

  2. What’s Next for Fintech?
    whatley15_Getty Images Sadik Demiroz/Getty Images

    What’s Next for Fintech?

    Mar 13, 2023 Johanna M. Costigan, et al. consider what recent developments will mean for the future of technological innovation in financial services.

  3. The Global Recovery Winds Down
    prasad20_Richard Baker In Pictures via Getty Images_UKeconomy Richard Baker/In Pictures via Getty Images

    The Global Recovery Winds Down

    Oct 7, 2022 Eswar Prasad warns that the darkening outlook for the world economy reflects significant challenges ahead.

  4. Storm Clouds Over the Global Economy
    prasad19_ Spencer PlattGetty Images_stock market recovery Spencer Platt/Getty Images

    Storm Clouds Over the Global Economy

    Apr 16, 2022 Eswar Prasad identifies major headwinds that will leave policymakers in most countries with few good options.

  5. Eswar Prasad on the US dollar’s global role, the end of cash, the crypto industry, and more
    GettyImages-1313070537

    Eswar Prasad on the US dollar’s global role, the end of cash, the crypto industry, and more

    Apr 12, 2022 Eswar Prasad assesses challenges to the US dollar’s global preeminence, explains how cryptocurrencies could hurt Russia during the Ukraine war, and highlights emerging blockchain-based financial products.

  1. alnuaimi1_GodongUniversal Images Group via Getty Images_UAEsolar Godong/Universal Images Group via Getty Images
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    A Western Distraction from Climate Action

    Ali Rashid Al Nuaimi warns that calls for the removal of Sultan Al Jaber as COP28 president-designate are a dangerous diversion.
  2. sheng137_Kaikeo SaiyasaneXinhua via Getty Images_china investment Kaikeo Saiyasane/Xinhua via Getty Images
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    How to Restructure Chinese Supply Chains

    Andrew Sheng & Xiao Geng argue that private markets can be leveraged to support a much-needed economic transformation.
  3. hausmann112_AIZAR RALDESAFP via Getty Images_solar panels AIZAR RALDES/AFP via Getty Images
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    The Supply Side of Decarbonization

    Ricardo Hausmann touts strategies that create incentives for developing countries to produce renewables and other green goods.
  4. roubini177_Getty Images_china us Getty Images
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    America and China Are on a Collision Course

    Nouriel Roubini

    The G7 countries may have set out to deter China without escalating the new cold war, but the perception in Beijing suggests that they failed to thread the needle at their recent summit in Hiroshima. It is now clear to all that the United States, its allies, and any partners they can recruit are committed to containing China’s rise.

     juxtaposes recent developments and current trends with diplomatic happy talk about a “thaw” in tensions.
  5. hott1_Sean GallupGetty Images_africandevelopmentbank Sean Gallup/Getty Images
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    Leveling the Financial Playing Field for Africa

    Amadou Hott & Mark Malloch-Brown propose ways to redress longstanding inequities and enable African-led solutions to succeed.
  6. elerian157_Alex WongGetty Images_jeromepowell Alex Wong/Getty Images
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    Why the Fed Is Hard to Predict

    Mohamed A. El-Erian

    The US Federal Reserve is adrift, and it has only itself to blame. Regardless of whether its policy-setting committee announces another interest-rate hike in June, its top priority now should be to address the structural weaknesses that led it astray in the first place.

     thinks the US central bank's biggest problem is not the economy but rather its own institutional shortcomings.
  7. frankel148_PATRICK T. FALLONAFP via Getty Images_coloradoriverdrought Patrick T. Fallon/AFP via Getty Images
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    How to Quench the American West’s Thirst

    Jeffrey Frankel argues that eliminating water subsidies and implementing market pricing is better than the alternative.
  8. breiding1_ Fatih AktasAnadolu Agency via Getty Images_national debt clock Fatih Aktas/Anadolu Agency via Getty Images
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    Give America a Debt Brake

    R. James Breiding thinks the United States could learn a valuable lesson from a policy Switzerland put in place in 2003.
  9. patten154_ Stefan Rousseau - PoolGetty Images_g7 summit Stefan Rousseau - Pool/Getty Images
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    The Myth of Western Decline

    Chris Patten argues that Chinese leaders’ characterization of liberal democracy as decadent betrays their fear of it.

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