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Eswar Prasad

Eswar Prasad

26 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. The Global Economy’s Hidden Weaknesses
    prasad25_metamorworksGetty Images_globaleconomy metamorworks/Getty Images

    The Global Economy’s Hidden Weaknesses

    Oct 18, 2024 Eswar Prasad looks beyond promising headline trends to identify deep-seated risks and barriers to growth.

  2. A Weak, Uneven Global Recovery
    prasad24_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    A Weak, Uneven Global Recovery

    Apr 12, 2024 Eswar Prasad & Caroline Smiltneks explain why domestic political divisions and inflationary pressures jeopardize current market optimism.

  3. Whither Crypto?
    juels1_Anthony KwanGetty Images_bitcoin Anthony Kwan/Getty Images

    Whither Crypto?

    Nov 15, 2023 Ari Juels & Eswar Prasad look beyond the industry’s rampant fraud to a future of blockchain-enabled financial transparency.

  4. The Global Recovery Is Faltering
    prasad22_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    The Global Recovery Is Faltering

    Oct 6, 2023 Eswar Prasad warns that economic activity is weakening across the board, even as the specter of high inflation recedes.

  5. A Perilous Macroeconomic Moment
    prasad21_Michael M. SantiagoGetty Images_NYSE Michael M. Santiago/Getty Images

    A Perilous Macroeconomic Moment

    Apr 7, 2023 Eswar Prasad warns that inflation woes and banking failures are likely to impede global growth beyond this year.

  1. jin26_Feng KaihuaXinhua via Getty Images_chinaarabinvestment Feng Kaihua/Xinhua via Getty Images

    China Is Better Prepared Than America for a Divorce

    Keyu Jin shows how the country has been reorienting and even expanding its global economic footprint.
  2. jackowski1_Ricardo ArduengoGettyImages_florida_hurricane_destruction Ricardo Arduengo/Getty Images

    Digital Financial Inclusion Strengthens Climate Resilience

    Ellen Jackowski calls for reducing the number of unbanked people and building digital infrastructure in vulnerable communities.
  3. ito43_HandoutGettyImages_yoon_suk_yeol_impeachment Handout/Getty Images

    The High Cost of South Korea’s Short-Lived Martial Law

    Takatoshi Ito

    Even as South Korea was plunged into political turmoil following the president’s short-lived declaration of martial law, financial markets have remained calm. But the country still has months of political uncertainty ahead, leaving it in a weak position to respond to US policy changes when President-elect Donald Trump takes office.

    argues that while markets shrugged off the recent turmoil, the episode could have long-lasting consequences.
  4. castaneda91_AndalouGettyImages_mexico_immigration_enforcement Andalou/Getty Images

    Did Mexico Help Trump Get Elected?

    Jorge G. Castañeda speculates that former President Andrés Manuel López Obrador used migration flows to influence the US election.
  5. chatoux1_Dilok KlaisatapornGetty Images_carbonremoval Dilok Klaisataporn/Getty Images

    How the EU Can Scale Up Carbon Removal

    Ludovic Chatoux & Sophia Escheu urge European policymakers to use regulation to increase investment in this crucial green technology.
  6. bildt130_Andrew Caballero-ReynoldsGettyImages_syria_pedersen_un Andrew Caballero-Reynolds/Getty Images

    The Way Forward in Syria

    Carl Bildt urges all parties involved to support the political roadmap that the United Nations adopted in 2015.
  7. alvarado1_Marcos PinGettyImages_ecuador_crime_scene Marcos Pin/Getty Images

    Crime Is Punishing Latin America’s Economies

    Nathalie Alvarado & Ana María Ibáñez explain how the problem acts as a tax on development – one that the region can no longer afford to pay.
  8. palacio164_GREG BAKERAFP via Getty Images_xichinesedream Greg Baker/AFP via Getty Images

    China’s New Social Contract

    Ana Palacio highlights a fundamental shift in priorities brought about by slowing growth and changing public expectations.
  9. haass175_Citizens of the PlanetGettyImages_oil_rig_solar_panels

    The Energy Transition That Couldn’t

    Richard Haass & Carolyn Kissane

    Dominant intellectual frameworks persist until their limitations in describing reality become undeniable, paving the way for a new paradigm. The idea that the world can and will replace fossil fuels with renewables has reached that point.

    argue that replacing fossil fuels with renewables is an idea that has exhausted its utility.

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