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Eswar Prasad


Department of Finance
Korea University
Korea

Biography

Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He was previously Chief of the Financial Studies Division in the IMF's Research Department and, before that, was the head of the IMF's China Division. Eswar Prasad received his Ph.D. from the University of Chicago. His research has spanned a number of areas including labor economics, business cycles, and open economy macroeconomics. His extensive publication record includes articles in numerous collective volumes as well as top academic journals. He has co-authored or edited several books and monographs on financial globalization, China, and India. His current research interests include the macroeconomics of globalization, the relationship between growth and volatility, and the Chinese and Indian economies. Many of his research papers and quotes from his speeches have been cited extensively in the international press. He has contributed op-ed articles to the Financial Times, International Herald Tribune, Wall Street Journal Asia and various other newspapers. He has testified before the Senate Finance Committee and the House of Representatives Committee on Financial Services (both on China), and his research has been cited in the U.S. Congressional Record.

Research Interest

My key areas of research are as follows: international capital flows; financial development and reforms in emerging markets; monetary policy frameworks for emerging markets; economies of China and India

Publications

  • Prasad E, Ye L. The Renminbi's prospects as a global reserve currency. Cato J.. 2013;33:563.

  • Prasad ES. Distributional effects of macroeconomic policy choices in emerging market economies. IMF Economic Review. 2014 Aug 1;62(3):409-29.

  • Anand R, Prasad ES, Zhang B. What measure of inflation should a developing country central bank target?. Journal of Monetary Economics. 2015 Sep 30;74:102-16.

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