Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of legitimacy. Having written extensively on the global recession in the late 2000s, Rogoff has turned his focus to the US currency’s increasingly unstable place at the top of the world’s financial hierarchy. A former chief economist at the International Monetary Fund and a chess grandmaster, he published Our Dollar, Your Problem in May last year.
In this interview, Rogoff elaborates…
The $217 billion pressure point worrying Delhi – Firstpost
With crude oil prices surging amid fears over the Strait of Hormuz and forex reserves slipping by $37 billion since February, the government is increasingly focused on cutting non-essential dollar…