Mexico is moving away from dependence on oil revenue, and is positioned to be the next breakout nation, says Kenneth Rogoff.
The biggest failure of post-2008 economic policy has consisted in governments' inability to find creative ways to write down unsustainable debts, for example in US mortgage markets, and in Europe's periphery.
Ten years ago, gold was selling at well below its long-term inflation-adjusted average, and the integration of three billion emerging market citizens into the global economy could only mean a giant long-term boost to demand.
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
A big hit to China's growth or to Europe's financial system could certainly tip the global economy.
IMF's Chief Economist Gita Gopinath will leave her job in January next year and return to the prestigious Harvard University, according to the global financial institution.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Ajit Balakrishnan on understanding the anti-cash chorus.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Global economy will have to grapple with few tough situations in 2015.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
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