Eswar Prasad
Eswar Prasad, former head of the IMF's Financial Studies Division, is Professor of Economics at Cornell University and a senior fellow at the Brookings Institution. He is the author of The Dollar Trap.
Eswar Prasad, former head of the IMF's Financial Studies Division, is Professor of Economics at Cornell University and a senior fellow at the Brookings Institution. He is the author of The Dollar Trap.
Scarcely a week passes without news about the ascendance of China’s currency, the renminbi. But China has a long way to go before its currency can rival – let alone displace – the US dollar as the dom… read more
Emerging economies have been working to protect themselves from the potentially destabilizing impact of advanced-country monetary policy. But, because their strategies also depend largely on monetary … read more
From the dramatic events in the Middle East, to the groundswell of support for the anti-corruption crusader Anna Hazare in India, leaders in emerging markets are getting a clear message from the stree… read more
Capital controls are back in vogue, winning favor with several emerging-market governments and even an endorsement from the IMF. But capital controls remain a bad idea, and there is good reason to see… read more
While the US and other advanced countries are still reeling from the effects of the sub-prime mortgage mess, emerging market economies seem to have dodged this bullet, at least until now. But many of … read more
The World Bank recently set off a firestorm of debate by announcing that the Chinese and Indian economies are 40% smaller than previously estimated. But when the dust settles, the new data may be less … read more
