Ideas to Action:

Independent research for global prosperity

CGD Podcast

Exploring smart policies for a better world.

 

What Caused Those Dramatic Emerging Market Currency Dives? - Liliana Rojas-Suarez and Arvind Subramanian

Emerging market currencies have seen a lot of action over the last few months. India’s rupee has fallen 20% against the dollar, the Indonesian rupiah and the Brazilian real are floundering after falling 15%, and Turkey’s lire has slipped 10%. I invited CGD senior fellows Liliana Rojas-Suarez and Arvind Subramanian to explain what’s driving the fluctuations. Since these economies have mosty been performing pretty well—consistently growing faster than the rich countries—to the untrained eye, the currency slides seem dramatic and unexpected.

Interview with WTO Candidate Anabel Gonzalez

My guest Anabel Gonzalez, Costa Rica’s minister of trade and a candidate to be the next head of the World Trade Organization (WTO), is a staunch believer in two powers: that of trade to uplift nations and that of the WTO to help navigate the process.