Found 58 article(s) for author 'Carmen Reinhart'

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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The Long and Winding Road to a Haircut

The Long and Winding Road to a Haircut. Carmen Reinhart, November 30, 2017, Opinion, “There are significant differences between Puerto Rico and Venezuela regarding the origins of their economic crises, their political systems, their relationship with the US and the rest of the world, and much else. Nonetheless, some notable similarities are likely to emerge as their debt sagas unfold.Link

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What lurks beneath the Euro

What lurks beneath the Euro. Carmen Reinhart, November 16, 2017, Opinion, “Earlier this year, the consensus among economists was that the United States would outstrip its advanced-economy rivals. The expected spurt in U.S. growth would be driven by the economic stimulus package described in President Donald Trump’s election campaign. But instead, the most notable positive economic news from the developed countries in 2017 has been coming from Europe.Link

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Capital Flow Cycles: A Long, Global View

Capital Flow Cycles: A Long, Global View. Carmen Reinhart, October 31, 2017, Paper, “This paper develops a new, extensive database on international capital flows over the past 200 years by combining long-run data on international debt issuance, the current account, and central bank reserves across countries. We show that crossborder financial flows from financial centers to the periphery are cyclical, with similar patterns over time. We document the interaction between the capital flow cycle, the commodity price super-cycle, and short-term interest rates.Link

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The Fear Factor in Today’s Interest Rates

The Fear Factor in Today’s Interest Rates. Carmen Reinhart, September 23, 2017, Opinion, “Atlantic-hugging policymakers and pundits, buffered by a continent and a large ocean, may not fully appreciate the significant effect on global financial markets that the threat posed by North Korea has had in recent months. But competition for safe assets has clearly heated up.Link

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