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Eswar Prasad

Eswar Prasad

21 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. What’s Next for Fintech?
    whatley15_Getty Images Sadik Demiroz/Getty Images

    What’s Next for Fintech?

    Mar 13, 2023 Johanna M. Costigan, et al. consider what recent developments will mean for the future of technological innovation in financial services.

  2. The Global Recovery Winds Down
    prasad20_Richard Baker In Pictures via Getty Images_UKeconomy Richard Baker/In Pictures via Getty Images

    The Global Recovery Winds Down

    Oct 7, 2022 Eswar Prasad warns that the darkening outlook for the world economy reflects significant challenges ahead.

  3. 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.

  4. 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.

  5. 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.

  1. buiter45_Jabin BotsfordThe Washington Post via Getty Image_jeromepowell Jabin Botsford/The Washington Post via Getty Images
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    Price Stability vs. Financial Stability?

    Willem H. Buiter

    If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.

     thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
  2. frankel145_ Richard Baker In Pictures via Getty Images_exchangerates Richard Baker/In Pictures via Getty Images
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    Fifty Years of Floating Currencies

    Jeffrey Frankel explains why the shift toward exchange-rate flexibility after 1973 was not a policy failure, as many believed.
  3. harrington34_Drew AngererGetty Images_avril haines Drew Angerer/Getty Images
    0

    What Do America’s Spies Really Think About China?

    Kent Harrington thinks the intelligence community’s annual threat assessment should have delved deeper on the issue.
  4. grafton2_ SIMON MAINAAFP via Getty Images_water SIMON MAINA/AFP via Getty Images
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    Waking Up to the World’s Water Crisis

    Quentin Grafton, et al. see three overarching priorities for the first global water conference in almost a half-century.
  5. benami199_BULENT KILICAFP via Getty Images_ukraine BULENT KILIC/AFP via Getty Images
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    Peace Requires Betrayal

    Shlomo Ben-Ami shows why Ukraine and Russia will most likely have to pursue an unpopular endgame to stop the bloodshed.
  6. reichlin29_David L. RyanThe Boston Globe via Getty Images_svb David L. Ryan/The Boston Globe via Getty Images
    2

    Lessons from the SVB Collapse

    Lucrezia Reichlin

    Although Silicon Valley Bank was not deemed to be systemically important, its insolvency forced the US Federal Reserve to head off systemic contagion and exposed the inadequacy of the FDIC’s partial deposit insurance regime. The financial-stability framework adopted after the 2008 crisis obviously needs another overhaul.

     considers what the bank’s failure should mean for the current financial-stability framework.
  7. foglia4_kentohGetty Images_bankingregulations kentoh/Getty Images
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    It’s the Banking Regulations, Stupid

    Antonio Foglia traces the Silicon Valley Bank failure back to fundamental flaws in the prevailing governance framework.
  8. mazzucato52_Mario TamaGetty Images_water agriculture drought Mario Tama/Getty Images
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    Confronting the Global Water Crisis

    Mariana Mazzucato, et al. offer a seven-point blueprint for preserving one of the planet’s most important natural systems.
  9. op_haass3_Chris HondrosGetty Images_iraqwar Chris Hondros/Getty Images
    10

    Revisiting America’s War of Choice in Iraq

    Richard Haass considers the enduring lessons from a foreign intervention that was both ill-conceived and poorly executed.

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