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Desmond Lachman

Desmond Lachman is a resident fellow at the American Enterprise Institute. He was formerly a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith Barney.


Articles by Desmond Lachman

October 27, 2020 5:30 am

Who Wants to Give Italy a Free Loan?

With global financial markets awash in cheap credit, Italy is issuing zero-interest bonds and hoping that it can somehow avoid fiscal calamity.
Desmond Lachman
October 15, 2020 5:18 am

Brazil’s Public Spending Problem Is a Warning for Us All

The country was already in trouble before COVID-19. Now a currency crisis seems unavoidable.
Desmond Lachman
October 5, 2020 5:22 am

The European Central Bank Can’t Save the European Economy by Itself

The bank’s single mandate of price stability could create more economic instability in the long run.
Desmond Lachman
September 16, 2020 5:24 am

The European Central Bank Is Running Out of Options

How do you address a recession, a strengthening currency, a precarious banking sector, and deflation all at the same time?
Desmond Lachman
September 2, 2020 5:43 am

Europe’s Banks Are Not Ready for the Coronavirus Recession

Ten years after the international financial crisis, European banks seem dangerously unprepared for the depth of the coronavirus recession.
Desmond Lachman
July 16, 2020 5:39 am

Remember Brexit?

The U.K. and the EU could be headed for a crash just as their economies can least afford it.
Desmond Lachman
July 1, 2020 5:35 am

Brace for Bankruptcies

With the bulk of Congress’s support due to expire, individuals and businesses could run out of options to stay solvent.
Desmond Lachman
June 24, 2020 5:37 am

Bolsonaro’s Coronavirus Denial Could Sink the Brazilian Economy

The country could face yet another debt-caused currency crisis, with global ripple effects.
Desmond Lachman
June 8, 2020 5:26 am

If Germany Won’t Help Bail Out Italy, Who Will?

The European Central Bank and the German Constitutional Court are bickering over whether or not to save Italy and Europe from financial ruin.
Desmond Lachman
May 29, 2020 5:22 am

For Italy’s Sake, Put the Central Bankers in Charge

The coronavirus crisis has made clear that the European Central Bank and not the German Constitutional Court should set European monetary policy.
Desmond Lachman