Mohamed A El-Erian
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Global finance: Lessons from the global financial crisis
The market structure that emerged from the financial crisis involves significantly larger institutions, particularly US-based ones
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A Reagan moment for international trade
The US, being generally more economically resilient than other countries, would do better than most others in a contracting world economy.
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Four lessons from Egypt’s World Cup exit
Greater efforts are needed to seize international opportunities for human-capital development
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Agnostic markets: Markets and political pundits disagree on the G7
The disparity can be explained by the fact that G7 infighting will have only a narrow impact on growth, especially compared to factors like monetary policy.
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Managing the risks of a rising dollar
Argentinian President Mauricio Macri’s government has asked the International Monetary Fund for a loan that it hopes can stem a peso rout that has driven up interest rates, has slowed the economy, and threatens the reform program.
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Tariff war: The global trade game
Supply chains now can have as many significant international links as domestic ones, and a substantial share of internal demand is being met by products partly or wholly produced abroad.
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The World Order: Saving the shrinking middle
There was a time when many regarded being in the middle of the distribution—socially, politically, and in the business world —as a favourable, stabilising and desirable outcome.
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Globalisation blues: Working towards the next economic paradigm
For decades, the Western world put its faith in a well-defined and broadly accepted economic paradigm with applications at both the national and global levels.
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How the downside risks for oil prices have shifted from the demand-side to the supply side
Shale, likely reversal in dollar strength and production indiscipline by Opec members like Venezuela may beat down prices again.
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Threat of financial crisis lower than risk facing growth; no Minsky Moment for China
Zhou Xiaochuan, the long-serving and respected governor of the People’s Bank of China, raised eyebrows last week when he cautioned that the country could have a “Minsky Moment” if “we are too optimistic when things go smoothly”.
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Why YOU are not being clever by washing down oil, grease down kitchen sink; know the threat
They often acted as if the crisis was merely a cyclicalshock, and assumed that the economy would bounce back in a V-like fashion, as it had typically done after a recession. Thus, they did not regard the financial crisis as a secular or epochal event. The result was that they designed their policy responses to be “timely, targeted, and temporary”.
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An IMF bridge to somewhere for Greece?
The International Monetary Fund has resurrected an old technique—commonly used in the 1980s during the Latin American debt crisis—that would allow Greece to avoid a payment default next month on debt owed to European creditors.
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America’s confidence economy
The economy awaits a solid timeline for policy announcements to evolve into detailed design.
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Toxic politics vs better economics
Anti establishment movements and figures have been quick to seize on this frustration, using inflammatory and even combative rhetoric to win support
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Rise of nationalistic politics: Managing the economic fallout
Had Britain’s leaders rushed to dismantle long-standing trading systems and other arrangements with the EU before developing a credible alternative, the situation could have been much more volatile.
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An opportunity for Egypt and IMF
With rapid urbanisation, the demand of potable water in Delhi is increasing at an alarming rate. Available potable water is not sufficient to meet the growing demands of Delhi.
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Unburdening the FB generation
Rather than using the 2008 crisis to catalyse change, we rolled over and went back to doing more of the same
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Latin America’s rising right
From changes in government in Argentina and Brazil to mid-course policy corrections in Chile, Latin American politics
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Column: Towards economic diversification
It focuses on enhancing non-oil revenue, reducing spending and increasing national wealth.
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Column: Time for debt reduction in Greece
By not acting on the debt overhang, the country and its creditors have created a situation that disappoints everyone
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Column: The Brexit muddle
Many of the issues that should shape the referendum’s outcome are still subject to a high degree of uncertainty
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Is the perfect storm over for markets?
While relative calm has returned to financial markets, the three causes of volatility are yet to dissipate
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Column: The end of the new normal?
If policymakers implement a comprehensive response, their economies will be on a more stable & prosperous path.
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Column: The Chinese economy’s Great Wall
In pursuing its domestic objectives, the country risks inadvertently amplifying global financial instability
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Column: Argentina’s economic Big Bang
It prioritised aggressive price liberalisation over demand management and financial assistance.
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Column: The great policy divergence
There are very few mechanisms to manage the global repercussions of Fed tightening and ECB easing
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Column: America’s education bubble
The return on investment in education is falling, because the economy is growing slowly and changing rapidly
