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Eswar Prasad

Eswar Prasad

19 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. 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.

  2. 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.

  3. The Global Economy’s Uneven Recovery
    prasad17_James MatsumotoSOPA ImagesLightRocket via Getty Images_covid economy James Matsumoto/SOPA Images/LightRocket via Getty Images

    The Global Economy’s Uneven Recovery

    Apr 5, 2021 Eswar Prasad warns of a deepening growth divergence across countries and regions emerging from the pandemic.

  4. Don’t Overestimate the COVID-19 Recovery
    prasad16_d3sign_getty images_covid stock market d3sign/Getty Images

    Don’t Overestimate the COVID-19 Recovery

    Oct 15, 2020 Eswar Prasad warns that the risks of substantial and long-lasting economic scarring are on the rise worldwide.

  5. China’s Digital Currency Will Rise but Not Rule
    prasad15_ ChesnotGetty Images_china currency Chesnot/Getty Images

    China’s Digital Currency Will Rise but Not Rule

    Aug 25, 2020 Eswar Prasad explains why a new version of the renminbi will fail to challenge the US dollar’s global dominance.

  1. wei51_DANIEL LEALAFP via Getty Images_bankofengland Daniel Leal/AFP via Getty Images

    Liz Truss vs. the Bank of England

    Shang-Jin Wei explains how UK policymakers can prevent a financial crisis by helping pensioners and homeowners.
  2. zhang57_ HECTOR RETAMALAFP via Getty Images_shanghailockdowncovid Hector Retamal/AFP via Getty Images

    What’s Happened to China’s Economy?

    Zhang Jun worries that weakened incentives for local-government policy innovation are undermining dynamism and growth.
  3. zizek8_Ying TangNurPhoto via Getty Images_iran protest Ying TangNurPhoto via Getty Images

    Women, Life, Freedom, and the Left

    Slavoj Žižek

    Four recent global news stories have revealed the varieties of women’s empowerment, showing how the politics of sex and gender can either challenge or reinforce existing power structures. For Western liberals, understanding these dynamics will be crucial to beating back the new right.

    shows how four recent news events highlight the failings of Western progressives to counter the far right.
  4. mazzucato44_Ian ForsythGetty Images_keirstarmer Ian Forsyth/Getty Images

    Toward a Progressive Economic Agenda

    Mariana Mazzucato

    Past policy failures and unmet populist promises represent an opportunity for progressive leaders. But to win power, they must articulate a coherent alternative economic-policy program, focusing not only on redistribution but also on wealth and value creation.

    offers a five-pronged policy blueprint for the left to counter populism and recover electoral relevance.
  5. yergin4_Oleg NikishinNewsmakers_gorby Oleg Nikishin/Newsmakers

    The Gorbachev Diagnosis

    Daniel Yergin revisits a 2001 interview with the former Soviet leader to consider where things went awry for Russia.
  6. ostry5_Gary HershornGetty Images_shipping Gary Hershorn/Getty Images

    The Canary in the Inflation Coal Mine

    Jonathan D. Ostry explains why central banks should pay much greater attention to shipping costs.
  7. fihn2_Wiktor SzymanowiczFuture Publishing via Getty Images_nuclearprotest Wiktor Szymanowicz/Future Publishing via Getty Images

    The Crumbling Nuclear Taboo

    Beatrice Fihn urges countries to refrain from responding to Russia's nuclear threats with nuclear threats of their own.
  8. furman10_DANIEL LEALAFP via Getty Images_UKeconomy Daniel Leal/AFP via Getty Images

    The Trussonomics Warning

    Jason Furman explains why all policies intended to help one group must nowadays come at the expense of other groups.
  9. khrushcheva159_ MIKHAIL METZELSPUTNIKAFP via Getty Images_putin speech MIKHAIL METZEL/SPUTNIK/AFP via Getty Images

    The Kremlin’s Suicidal Imperialism

    Nina L. Khrushcheva argues that the illegal annexation of four more Ukrainian territories will handicap future Russian leaders.

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