RESEARCH AND COMMENTARY
Eduardo Levy-Yeyati and Luciano Cohan, January 27, 2012, Voxeu.org
Eduardo Levy Yeyati and Luciano Cohan examine the implications of the global financial crisis in Latin America, arguing that this crisis may force these economies to reassess their growth strategies. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, December 18, 2011, Financial Times
India's economy continues to face high inflation, stalled industrial output and a plunging currency, a sign that the country, like many other emerging markets, is not immune to the global economic turmoil. Eswar Prasad writes that Indian government should enact reforms that evenly distribute the benefits of India's growth, particularly to the poor and lower middle class. Read More
RESEARCH AND COMMENTARY
Laurence Chandy and Geoffrey Gertz, October 2011, High Growth Markets Magazine/KPMG
Laurence Chandy and Geoffrey Gertz examine the effects of globalization on the world's poorest, arguing that the ascent of emerging markets is accompanied by a statistical decline in global poverty, and that the unprecedented rise of the middle class will have a profound impact on the global economy. Read More
BOOK
Masahiro Kawai and Eswar Prasad, September 26, 2011
In this informative volume, the third in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and their contributors discuss the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation, surging capital inflows and the accompanying risk of asset and credit market bubbles, and the threat of rapid currency appreciation. Read More
RESEARCH AND COMMENTARY
Barry J. Naughton, September 26, 2011, China Leadership Monitor
Months of delay in implementing strong anti-inflation measures have allowed inflationary pressures to build up in China. Barry Naughton analyzes the effect of this failure to fight inflation, both on the general population and on the leadership transition set for next year. Read More
RESEARCH AND COMMENTARY
Lex Rieffel, September 20, 2011, The Brookings Institution
Since 1945, an American has held the position of World Bank leader. Lex Rieffel argues that if President Obama follows this practice when World Bank President Robert Zoellick’s current term ends in 2012, it is likely to cost both the United States and the World Bank political support and international goodwill. Read More
RESEARCH AND COMMENTARY
Kemal Derviş, September 01, 2011, Financial Times
While the debate on solving the public debt crisis in the United States and Europe continues, many point to fiscal stimulus and retrenchment to fix the current dilemma. However, Kemal Derviş argues that federal or state spending to improve infrastructure can raise productivity and provide a greater economic return. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, August 27, 2011, The Brookings Institution
In a paper for the annual Jackson Hole Economic Policy Symposium, Eswar Prasad discusses global financial integration and the evolving roles of emerging and advanced markets in the global financial crisis. Prasad proposes a mechanism for global liquidity insurance that would force a quicker adjustment of global imbalances. Read More
RESEARCH AND COMMENTARY
Daniel Kaufmann, August 24, 2011, The Brookings Institution
In light of some people connecting the stock market and the earthquake on the east coast, Daniel Kaufmann argues that non-factual economic statements are the norm in the current political dialogue, and suggests U.S. politicians look to emerging markets in Latin America for economic guidance. Read More
RESEARCH AND COMMENTARY
Howard Schaffer, Former U.S. Ambassador and Teresita C. Schaffer, August 23, 2011, The Hindi
Teresita Schaffer and Howard Schaffer detail the impact U.S. politics could have on the U.S.-India relationship, and argue that unresolved economic issues between the two countries could be an important issue in the 2012 U.S. election.
Read MoreRESEARCH AND COMMENTARY
Eswar Prasad and Mengjie Ding, July 28, 2011, Financial Times
The global financial crisis triggered a sharp increase in global public debt levels. Recent events in Greece, Ireland, Portugal and other economies uncovered the effects of debt buildups. In a new online interactive feature with the Financial Times, Eswar Prasad and Mengjie Ding analyze the global debt burden, which has sharply risen in advanced economies, causing a major threat to global financial stability.
Read MoreRESEARCH AND COMMENTARY
Eswar Prasad, June 28, 2011, Financial Times
After weeks of speculation, Christine Lagarde was named managing director of the International Monetary Fund. For emerging markets, the selection process that culminated in Lagarde's victory is still unsettling. However, Eswar Prasad explains why Lagarde's victory may signal a good outcome for the emerging markets in the long run.
Read MorePAST EVENT
Monday, June 06, 2011
10:30 AM to 12:00 PM
Washington, DC
While the United States faces a gloomy fiscal outlook following the financial crisis of 2007-2009, and a few struggling economies in Europe threaten the stability of the whole continent, emerging countries in Asia are operating at close to full capacity, experiencing unprecedented growth. On June 6, Brookings and the Asian Development Bank Institute (ADBI) hosted a discussion about what lessons can be learned from the emerging markets in Asia and what steps can emerging markets take to continue developing their financial systems. Read More
RESEARCH AND COMMENTARY
Homi Kharas, June 03, 2011, ForeignPolicy.com
The World Trade Organization's Doha Development round was launched in 2001 in an attempt to remedy power imbalances between developing countries and the world's largest economies. However, progress has been stagnant and most developing countries have not seen the benefits from the global expansion of trade. Homi Kharas discusses why it is now more important than ever for the world's developing economies to find a way to finish the Doha round.
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RESEARCH AND COMMENTARY
Eduardo Levy-Yeyati, June 02, 2011, The Brookings Institution
The debt crisis of the early 1980s in Latin America proved to be a lethal threat to its developing economies. Today European nations are now dealing with their own debt problem and facing a long road to recovery that is all too familiar for Latin America. Eduardo Levy-Yeyati discusses what lessons Europe can learn as well as dealing with Greece's financing gap.
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