Found 62 article(s) for author 'Carmen Reinhart'

The Biggest Emerging Market Debt Problem Is in America

The Biggest Emerging Market Debt Problem Is in America. Carmen Reinhart, December 20, 2018, Opinion, “A decade after the subprime bubble burst, a new one seems to be taking its place in the market for corporate collateralized loan obligations. A world economy geared toward increasing the supply of financial assets has hooked market participants and policymakers alike into a global game of Whac-A-Mole.Link

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The Crisis Next Time: What We Should Have Learned From 2008

The Crisis Next Time: What We Should Have Learned From 2008. Carmen Reinhart, November/December 2018, Paper, “At the turn of this century, most economists in the developed world believed that major economic disasters were a thing of the past, or at least relegated to volatile emerging markets. Financial systems in rich countries, the thinking went, were too sophisticated to simply collapse. Markets were capable of regulating themselves. Policymakers had tamed the business cycle. Recessions would remain short, shallow, and rare.Link

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Italy’s Long, Hot Summer

Italy’s Long, Hot Summer. Carmen Reinhart, May 31, 2018, Opinion, “Severe political uncertainty, chronic slow growth, and a sovereign-debt level currently hovering around 160% of GDP already is enough for Italy to trigger a debt crisis. And there is no plausible resolution that would not generate additional risks and complications.Link

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Monetary-Policy Normalization in Europe in 2018

Monetary-Policy Normalization in Europe in 2018. Carmen Reinhart, December 22, 2017, Opinion, “As the European Central Bank pursues monetary-policy normalization in 2018, it should proceed with caution. It will need to balance mounting pressure from Germany for faster normalization with a realistic assessment of the durability and breadth of the unfolding recovery.Link

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