Showing posts with label Carmen Reinhart. Show all posts
Showing posts with label Carmen Reinhart. Show all posts

Monday, 30 May 2016

Argentina’s Eternal Debt Problem (Carmen Reinhart, Project-Syndicate)

Argentina recently emerged from nearly 15 years of the most litigious sovereign default in modern times, if not ever. Now it has the opportunity to reenter the global financial system and build a more stable and prosperous future. It is a chance that the country must be careful not to squander

https://www.project-syndicate.org/commentary/argentina-debt-crisis-resolved-by-carmen-reinhart-2016-05

Friday, 22 April 2016

The Post-Crisis Economy’s Long Debt Hangover (Carmen Reinhart, Project-Syndicate)

The meeting of G-20 finance ministers and central bank governors in Washington, DC last week concluded on a sour note. Small wonder: Global growth prospects have dimmed amid a variety of risks now emanating from both advanced and developing countries.

https://www.project-syndicate.org/commentary/debt-restructuring-needed-as-policy-option-by-carmen-reinhart-2016-04

Saturday, 27 February 2016

Whose QE Was it, Anyway? (Carmen Reinhart, Project-Syndicate)

American dollar cut into shape of the United States

Between 1913 (when the United States Federal Reserve was founded) and the latter part of the 1980s, it would be fair to say that the Fed was the only game in town when it came to purchases of US Treasury securities by central banks. During that era, the Fed owned anywhere between 12% and 30% of US marketable Treasury securities outstanding (see figure), with the post-World War II peak coming as the Fed tried to prop up the sagging US economy following the first spike in oil prices in 1973.

http://www.project-syndicate.org/commentary/foreign-holdings-treasuries-impact-by-carmen-reinhart-2016-02

Carmen Reinhart is Professor of the International Financial System at Harvard University's Kennedy School of Government.