The discovery of an error in an influential research paper by Harvard University economists Carmen Reinhart and Kenneth Rogoff has sparked an academic firestorm. It’s time to sort through the wreckage.
If the euro survives and subsequently achieves a status equivalent to that of the dollar as a reserve currency, it will provide an impetus toward currency consolidation elsewhere, said Kenneth Rogoff , an economics professor at Harvard University.
European leaders’ agreement to expand a bailout fund to stem the region’s debt crisis only buys time as Greece will likely still leave the euro in the next decade, Harvard University economist Kenneth Rogoff said.
Kenneth Rogoff, a former chief economist at the International Monetary Fund and now an economics professor at Harvard University, said the biggest risk to the eurozone at present is a run on southern European banks, Handelsblatt reported today.
Harvard University professor Kenneth Rogoff said Greece may yet default on its debts even after the euro member received a bailout from the European Union and the International Monetary Fund to help keep it afloat.
Europe’s debt crisis will probably result in bond restructurings in Greece, Ireland and Portugal even as policy makers say they have the weapons to avert default, Harvard University Professor Kenneth Rogoff said.