Economics

Global Financial Crisis

Reuters/Ilya Naymushin An employee counts Russian ruble banknotes at a private company's office in Krasnoyarsk, Siberia, December 17, 2014.

Blog Post

The ruble currency storm is over, but is the Russian economy ready for the next one?

May 18, 2015, Sergey Aleksashenko

Recent data show the Russian economy contracted 1.9 percent in the first quarter of 2015. In this article, Sergey Aleksashenko delves into the events that led to the downturn, and what we can expect for the rest of 2015.

  • Podcast | Financial Times

    April 14, 2015, Eswar Prasad

  • In the News

    Yields are rightly high, as they price in a risk. But if every actor thinks rationally, and given that the vast majority of the Greek people and the middle class that votes for Syriza want Greece to stay in the euro, Tsipras will be forced to do what voters want.

    January 9, 2015, Theodore Pelagidis, Bloomberg
  • In the News

    Some oligarchs feel that with the troika [the bailout monitors from the European Commission, the European Central Bank and the International Monetary Fund] they are losing ground. They cannot use black money so easily, collude with politicians and bribe the state apparatus.

    January 6, 2015, Theodore Pelagidis, Financial Times
  • In the News

    Chile is, along with Colombia, the country better prepared in fiscal terms to deal with a GDP crisis.

    December 22, 2014, Carlos Vegh and Guillermo Vuletin, Pulso
  • In the News

    The United States, the locomotive of the world, is growing at a reasonable pace. However, this pace is not enough to trundle a world in which Europe and Japan are growing at very low rates and the Chinese economy is cooling-off rapidly.

    December 11, 2014, Ernesto Talvi, Diario Financiero
  • In the News

    We learned a lot from the Great Depression, and we know much better how to prevent them and actually we did, but there could be a major slowdown in the global economy and a durable one.

    October 16, 2014, Ernesto Talvi, International Business Times
  • In the News

    The recovery is strengthening. But the rest of the world is weakening. Everywhere you look around the world, China, Japan, Europe, even countries like Germany that were doing well, are looking very weak. So, the question is whether the U.S. can sustain the global recovery on its own back.

    October 14, 2014, Eswar Prasad, PBS Newshour
  • In the News

    The fundamental economic question of the last five years has been a simple one: how much does stimulus work?

    October 7, 2014, Guillermo Vuletin and Carlos Vegh, The Washington Post
  • In the News

    The economic recovery in most of the advanced economies, except for the U.S., is still quite fragile and the geopolitical uncertainty certainly adds to the lack of confidence. But is the IMF going to step in in a big way? As of now, no.

    September 4, 2014, Eswar Prasad, Bloomberg
  • In the News

    The financial crisis had its origins in the U.S., the federal reserve has been pumping huge amounts of dollars into the global financial system, which ought to cheapen its value. [But] in times of turmoil, the world wants safety, and the U.S. is still seen as the safest place to invest.

    January 29, 2014, Eswar Prasad, Marketplace

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