Subscribe: RSS
  • Biotechnology
  • Cities
  • Climate change
  • Credit crisis
  • currencies
  • Energy
  • Geopolitics
  • Globalization
  • Growth and productivity
  • Health Care
  • Innovation
  • Internet
  • job creation
  • marketing
  • Organization
  • Social Entrepreneurs
  • Social Innovation
Rakesh Mohan

Rakesh Mohan recently completed a consulting professorship at the Stanford Center for International Development at Stanford University. He also served as the deputy governor for the Reserve Bank of India. His book Monetary Policy in a Globalized Economy: A Practitioner’s View focuses on issues relating to the evolution of banking and finance, the conduct of monetary policy, the management of the financial sector, and the role of central banking.

17 December 2009

The outbreak of the global financial crisis was preceded by an extended period of persistent financial imbalances. These imbalances stemmed from the symbiotic relationship between the US, with its huge current account deficits, and China (as well as some other countries) that had equally persistent trade surpluses and which financed the US deficits with large capital inflows.

Read more...

  • Comment on this articleComment [6]
  • Link to this articleLink to this
  • Bookmark and Share this article Share

Send an e-mail to let us know how we can make our site better.

Social Innovation: A What Matters Special Report: In Print January 2012 click here to request a free copy

Stanford Social Innovation Review

The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available  below.