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Carmen M. Reinhart
By Carmen M. Reinhart - Mar 24,2016
As Chinese policymakers attempt to address what ails their country’s economy, they are pursuing two goals that will almost certainly turn out to be incompatible.Very seldom have central banks been able to maintain a fixed exchange rate over an extended period of time while provid
By Carmen M. Reinhart - Feb 29,2016
Currency market volatility has been around for decades, if not centuries.Wide gyrations in exchange rates became a staple of international financial markets after the Bretton Woods system broke down in the early 1970s, and mega-depreciations were commonplace later in the decade a
By Carmen M. Reinhart - Feb 18,2016
When it comes to sovereign debt, the term “default” is often misunderstood.
By Carmen M. Reinhart - Nov 23,2014
If it were not such an affront to the freedom of expression, we would almost be amused by Venezuelan President Nicolás Maduro’s recent tantrum over a commentary by economists Ricardo Hausmann and Miguel Angel Santos. Venezuela has long lashed out at the Internationa



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