Leading expert on China, emerging markets, currencies, and global finance
Tolani Senior Professor of Trade Policy and Professor of Economics, Cornell University
Author, "The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance" (2014)
Dr. Eswar 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 a former head of the IMF’s China Division. His latest book, “The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance” (2014), was selected as one of the “Financial Times Best Books of 2014”. His previous book, “Emerging Markets: Resilience and Growth Amid Global Turmoil”, was published in 2010. He has co-authored and edited numerous other books and monographs, including on financial regulation and on China and India.
Eswar has testified before the Senate Finance Committee, the House of Representatives Committee on Financial Services, and the US-China Economic and Security Review Commission. He serves on an Advisory Committee to India’s Finance Minister and is the Lead Academic for the DFID-LSE International Growth Center’s India Growth Research Program.
He is the creator of the Brookings-Financial Times world index (TIGER: Tracking Indices for the Global Economic Recovery). His op-ed articles have been published in the Financial Times, Harvard Business Review, New York Times, Wall Street Journal, and Washington Post. He appears frequently on BBC, Bloomberg, CNBC, CNN, NPR, PBS, and other radio and television channels.
China’s currency, the renminbi (RMB), has taken the world by storm. The RMB is well on its way to becoming a significant international currency, one that is used widely in international trade and finance. This book documents the RMB’s impressive rise, with China successfully adopting a unique playbook for promoting its currency.
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