Kevin Gallagher: Emerging Markets and the Reregulation of Cross-Border Finance

Professor Kevin Gallagher discusses his book 'Ruling Capital', focusing on the re-regulation of cross-border finance in emerging markets post-2008 crisis. He critiques the Washington Consensus and highlights the challenges of liberalized capital flows. The discussion covers the impact of low interest rates, the role of trade agreements, and the need for countervailing monetary power. Sovereign debt restructuring is also examined, with examples from Argentina and Greece. The conversation concludes with insights into the global economic landscape and policy implications.

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