The Global Economy Seven Years after the Financial Crisis: Vulnerabilities and Policy Issues
Economy | Information | History | Online | Facts | World | Global | Money
The David Finch Lecture 2015 Following the global financial crisis of 2008, most advanced economies went into a protracted economic slump, coupled with a historic private debt overhang and rapidly mounting public debts. Meanwhile, most emerging markets flourished and attracted sizable capital inflows, helped by rapid growth in China, buoyant commodity prices, and extremely low and stable international interest rates. Seven years on, many advanced economies in Europe have barely begun to recover and deflationary challenges have emerged. The favourable global environment has taken a turn for the worse, as commodity prices have declined and the strengthening US dollar has raised debt servicing burdens for many emerging markets. This talk places the current global situation in a broad historical context, discussing the main policy challenges faced by advanced and emerging economies and distilling historical lessons on what the end game may bring. Carmen Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School.
Comments
-
So this woman has been exposed as a complete academic fraud. Anyone can google this and find out about how she intentionally misrepresented data to support her pro-austerity thesis. Yet, she goes on lecturing and people listen? Why is this?
Try a thought experiment: imagine Carmen Reinhart was black. What would happen to a black person caught committing such a harmful academic fraud as she was?
Talk about the benefits of being associated with Harvard; you can do ANYTHING wrong and nothing will happen to you.
0m 0sLenght
15Rating