Will the renminbi rule? by Eswar Prasad and Lei Ye published by IMF. “The Chinese economy is now the world’s second largest and a key driver of global growth. But among the currencies of the six largest economies in…
“The Rising Burden of Government Debt” by Eswar Prasad and Mengjie Ding. In the article the authors discuss their in-depth analysis of global public debt levels – including statistical series. Recommended by Mac Margolis. See:
“Social policy in times of crisis” by Megan Gerecke and Naren Prasad. This column examines the trends in social security spending in the aftermath of a financial crisis, advising that now is the time for developing countries to expand…