Uncertainty in global financial markets tends to be good for the dollar because money flows to the US financial markets, especially the US treasury securities markets in search of a safe haven, says Eswar Prasad, Professor Of Economics at Cornell University.
Speaking to CNBC-TV18 Eswar Prasad, Professor of Economics at Cornell University, said Narendra Modi hasn‘t solved the problem yet of black money. But he has created a momentum through his demonetisation drive.
The scope of China's debt problem has risen "enormously," since Prasad was the IMF China division chief from 2002-2004, with corporate debt alone at 150 percent of the mainland's gross domestic product (GDP), he told CNBC's "Squawk Box."
Markus Rodlauer, Deputy Director and Chief of Mission of China at the International Monetary Fund (IMF) and Eswar Prasad, Professor of Economics at Cornell University, explain the concerns around Chinese economy.
In a CNBC-TV18's interview with Morgan Stanley Economist Manoj Pradhan and former IMF China Economist Eswar Prasad, CNBC-TV18's Latha Venkatesh discussed why the Chinese devalued their currency.
China has massive economic issues, but its stock market is doing a good job of discounting the country's transition, says Adrian Mowat of JPMorgan; while Eswar Prasad, senior fellow at Brooking Institution, says there are downside risks to International Monetary Fund's (IMF) China growth forecast.
In an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, Cornell University Senior Professor Eswar Prasad said the world's second largest economy still had enough fiscal and monetary policy space to boost its economy.
RBI on January 16 announced the first rate cut after a gap of 20 months. The guessing game now is how many more rate cuts we can expect. Dr Rangarajan, Former RBI Governor, Jahangir Aziz, Chief Economist at JP Morgan and Eswar Prasad, Professor of Economics from Cornell University, discuss on the same.
India‘s oil import bill for October fell 19 percent year-on-year, but there was bad news as well by way of lower exports
Amid all the celebrations that started due to steep fall in crude, Eswar Prasad sounds a word of caution. Speaking to CNBC-TV18, he said falling crude is good news but why it is falling is not good.