Eswar Prasad
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 59 |
| Born | India |
| Job | Professor |
| Economist | |
| Education | The University of Chicago |
| Brown University | |
| University of Madras | |
| Affiliations | Cornell University |
| Date of birth | January 1,1965 |
| Citations | 24,180 |
| Academic advisor | Robert Lucas Jr. |
| Michael Dean Woodford | |
| Robert M. Townsend | |
| H index | 60 |
| Publications | scholar.google.com |
| Date of Reg. | |
| Date of Upd. | |
| ID | 476193 |
Gaining Currency: The Rise of the Renminbi
Financial Globalization: A Reappraisal
Emerging Markets: Resilience and Growth Amid Global Turmoil
Effects of Financial Globalization on Developing Countries: Some Empirical Evidence
Medium-Term Determinants of Current Accounts in Industrial and Developing Countries - An Empirical Exploration
The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
Global Business Cycles: Convergence Or Decoupling?
Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland
Macroeconomic Fluctuations in Developing Countries - Some Stylized Facts
Modernizing China's Growth Paradigm
Why are Saving Rates of Urban Households in China Rising?
China's Growth and Integration Into the World Economy: Prospects and Challenges
Income Uncertainty and Household Savings in China
Controlled Capital Account Liberalization: A Proposal
Hong Kong SAR: Meeting the Challenges of Integration with the Mainland
What Measure of Inflation Should a Developing Country Central Bank Target?
Changes in the Structure of Earnings During the Polish Transition
Perspectives on Regional Unemployment in Europe
International Evidence on the Determinants of Trade Dynamics
Multimod Mark III: The Core Dynamic and Steady State Model
Optimal Price Indices for Targeting Inflation Under Incomplete Markets
The Unbearable Stability of the German Wage Structure - Evidence and Interpretation
What Determines the Reservation Wages of Unemployed Workers? New Evidence from German Micro Data
How Does Globalization Affect the Synchronization of Business Cycles?
Wage Inequality in the United Kingdom, 1975-99
The Employment and Wage Effects of Oil Price Changes: A Sectoral Analysis
International Trade and the Business Cycle
Identifying the Common Component in International Economic Fluctuations: A New Approach
Financial Integration and Macroeconomic Volatility
How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?
Skill Heterogeneity and Aggregation Bias Over the Business Cycle
The Italian Labor Market: Stylized Facts, Institutions, and Directions for Reform
Does Openness to International Financial Flows Raise Productivity Growth?
A Framework for Independent Monetary Policy in China
Are Prices Countercyclical?
International Spillovers of Macroeconomic Shocks: A Quantitative Exploration
The Canadian Labor Market: Developments, Prospects, and Policy
Labor Market Aspects of Industrial Restructuring in Canada
Putting the Cart Before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China
Consumption and Income Inequality in Poland During the Economic Transition
Volatility and Comovement in a Globalized World Economy: An Empirical Exploration
Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence
Labor Market Adjustment in Canada and the United States
Possible Effects of European Monetary Union on Switzerland: A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor
Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan
The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours, and Wages
Shocks and Structural Breaks: Labor Market Reforms in the United Kingdom
Changes in the Relationship Between the Long-term Interest Rate and Its Determinants
Wage Inequality in the United Kingdom, 1975-19+L219099
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance
The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance
Eswar Prasad Life story
Eswar Shanker Prasad is an Indian-American economist. He is the Tolani Senior Professor of International Trade Policy at Cornell University and a senior fellow at the Brookings Institution, where he holds the New Century Chair in Economics.
Deflation: Why falling prices in China raise concerns
... Building confidence among investors and consumers will be key to China s recovery, Eswar Prasad, a professor of trade policy and economics at Cornell University, said...
Squid Game crypto token collapses in apparent scam
... " It is one of many schemes by which naïve retail investors are drawn in and exploited by malevolent crypto promoters, " Cornell University economist Eswar Prasad told the BBC...
Squid Game crypto token collapses in apparent scam
A digital token inspired by the popular South Korean Netflix Series Squid Game has lost almost all of its value as it was revealed to be an apparent scam.
Squid, which marketed itself as a " play-to-earn cryptocurrency" had seen its price soar in recent Days - surging by thousands of per cent.
However, as, it was criticised for not allowing people to resell their tokens.
This kind of scam is commonly called a " rug pull" by crypto investors.
This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with The Money raised from sales.
Squid's developers have made off with an estimated $3. 38m (£2. 48m), according to technology website Gizmodo.
" Play-to-earn" cryptocurrency is where people buy tokens to use in online games and can earn more tokens which can later be exchanged for other cryptocurrencies or national currencies.
Last Tuesday, Squid was trading at just 1 cent. In less than a week its price had jumped to over $2,856.
Its value has now plummeted by 99. 99%, said cryptocurrency data website CoinMarketCap.
Squid was billed as a token that could be used for a new Online Game inspired by the Netflix Series - which tells The Story of a group of people forced to play deadly children's games for money. The Game was due to go live this month.
However, cryptocurrency experts had warned of several tell-tale signs that it was likely to be a scam.
Most telling was that people who bought Squid tokens were unable to sell them.
Critics also highlighted that its website contained many spelling mistakes and grammatical errors. The website is no longer online and Social Media accounts promoting The Tokens have also vanished.
" It is one of many schemes by which naïve retail investors are drawn in and exploited by malevolent crypto promoters, " Cornell University economist Eswar Prasad told The Bbc .
Professor Prasad said buyers need to be aware when buying cryptocurrencies as there is almost no regulatory oversight.
" In fact, open pump and dump schemes are rampant in the crypto world, with investors often jumping in with eyes Wide Open , perhaps hoping that they can ride The Wave and dump their holdings for a quick profit before prices collapse, " He Said .
Squid was available For Sale on decentralised crypto exchanges including PancakeSwap and DODO, which allows for buyers to connect directly to sellers, without a central authority.
" Nowadays new coins can be listed on decentralised exchanges on The First day they are created, without any regulation or due diligence, " said Jinnan Ouyang from Singapore-based crypto company Openmining.
" So you could be buying coins from anyone with any agenda. "
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Eswar Prasad Photos
