Eswar S. Prasad’s Followers (50)

Eswar S. Prasad

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http://prasad.dyson.cornell.edu/

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Economics

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Eswar S. Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research. He is the author of Gaining Currency: The Rise of the Renminbi and The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance.

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Eswar S. Prasad’s books

Average rating: 3.86 · 995 ratings · 143 reviews · 48 distinct works • Similar authors

	The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance 3.80 avg rating — 728 ratings — published 2021 — 12 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance 4.06 avg rating — 205 ratings — published 2013 — 16 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Gaining Currency: The Rise of the Renminbi 4.22 avg rating — 51 ratings — published 2016 — 4 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Emerging Markets: Resilience and Growth amid Global Turmoil liked it 3.00 avg rating — 7 ratings — published 2010 — 5 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	The Doom Loop: Why the World Economic Order Is Spiraling into Disorder it was amazing 5.00 avg rating — 1 rating — 6 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Regional Integration in West Africa: Is There a Role for a Single Currency? by Eswar S. Prasad, Vera Songwe really liked it 4.00 avg rating — 1 rating	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	China's Growth And Integration Into The World Economy: Prospects And Challenges liked it 3.00 avg rating — 1 rating — published 2004 — 2 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	FUTURE OF MONEY, THE it was ok 2.00 avg rating — 1 rating	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Effects of Financial Globalization on Developing Countries: Some Empirical Evidence 0.00 avg rating — 0 ratings — published 2003 — 2 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Labor Market Adjustment in Canada and the United States 0.00 avg rating — 0 ratings — published 1997	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars

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“What is more, because this debt is all denominated in dollars, the U.S. can in principle reduce its debt burden to other countries simply by printing more dollars and reducing the value of that debt in inflation-adjusted terms. Other countries have chafed at this privilege and yearned to move to a less dollar-centered system. Under”
― Eswar Prasad, The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance

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“There is an even starker contrast between the two groups of countries when one compares their contributions to growth in global debt versus growth in global GDP. Emerging markets contribute far more to growth in global GDP than to the growth in global public debt. These economies accounted for 14 percent of the increase in global debt levels from 2007 to 2012. In contrast, their contribution to the increase in global GDP over this period was 70 percent. The numbers are equally stark when one examines forecasts for the subsequent five years. From 2012 to 2017, emerging markets are expected to account for about three-fifths of global GDP growth but less than one-fifth of global public debt accumulation. In other words, emerging markets are adding substantially to global GDP, whereas advanced economies are mainly adding to global public debt (see Figure A-3 in the Appendix for details). The U.S. and Japan are certainly heavy hitters when it comes to debt accumulation. These two economies are making a far greater contribution to the rise in global debt than to the rise in global GDP. The U.S. contributed 38 percent of the increase in global debt from 2007 to 2012 and is expected to account for nearly half of the anticipated increase from 2012 to 2017. Its contributions to the increases in global GDP over those two periods are 12 percent and 23 percent, respectively. Japan accounted for 25 percent of the increase in debt from 2007 to 2012 and is expected to add 9 percent from 2012 to 2017, whereas its contributions to the increase in global GDP are far more modest. One”
― Eswar Prasad, The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance

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“Digitalization of money is not a cure-all, by any means. The issuance of CBDCs will not mask underlying weaknesses in central bank credibility or other factors, such as a government’s undisciplined fiscal policies, that affect the value of central bank money. When a government runs large budget deficits, the presumption that the central bank might be directed to print money to finance those deficits tends to raise inflation and reduce the purchasing power of central bank money, whether physical or digital. In other words, digital central bank money is only as strong and credible as the institution that issues it.”
― Eswar S. Prasad, The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

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Eswar S. Prasad’s Followers (50)

Eswar S. Prasad

Combine EditionsEswar S. Prasad’s books

Combine Editions
Eswar S. Prasad’s books