Rogoff Sees 'Accident Waiting to Happen' in Emerging Markets

The video discusses the nature of inflation, emphasizing its gradual progression compared to the sudden onset of crises like banking or corporate debt crises. It highlights the potential risks in emerging markets and developing economies, suggesting they are vulnerable to sudden economic downturns. The discussion also touches on the role of central banks and international institutions like the IMF in managing these economic challenges, stressing the importance of timely intervention to prevent prolonged economic issues.

In what ways might emerging markets and developing economies be at risk of a crisis?

What role does the Federal Reserve play in managing inflation and economic stability?