Mysore-born Gita Gopinath has joined International Monetary Fund as its chief economist, becoming the first woman to occupy the top IMF post.Gopinath\u2019s joined last week at a time, when she believes the world is experiencing a retreat from globalisation, posing challenges to multilateral institutions.Announcing her appointment on October 1, IMF Managing Director Christine Lagarde described her as \u201cone of the world\u2019s outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience.\u201d<\/p>\n
The 11th chief economist of the IMF, Gopinath in a recent interview to The Harvard Gazette described her appointment at the IMF as a \u201ctremendous honour\u201d and said the appointment of the first ever woman for this position speaks highly of IMF\u2019s Managing Director Lagarde.<\/p>\n
Most countries invoice their trade in dollars and borrow internationally in dollars. This is a central part of the international price system and the international financial system and it will be exciting to explore its consequences in greater depth with the IMF, she said.<\/p>\n
\u201cOver the past several months, we have the US-imposed tariffs and retaliation to them from China and other nations. There is in general growing uncertainty about trade policy, including the one arising out of Brexit .<\/p>\n
Identifying some of her top priorities at the IMF, Gopinath told The Harvard Gazette that she would like the IMF to continue to be a place that provides intellectual leadership on important policy questions.<\/p>\n
\u201cAmong the research issues that I would like to push, one would be understanding the role of dominant currencies like the dollar in international trade and finance. We could do more on the empirical side to try to understand countries\u2019 dollar exposures and on the theoretical side in terms of the implications for international spillovers, consequences of dollar shortages, etc,\u201d she said.<\/p>\n
\u201cWhile the trade has reduced global poverty and raised livelihoods, its consequences for inequality, and on whether the rules of engagement are fair, are real concerns that need to be addressed,\u201d she said.<\/p>\n
Gopinath said there is also a concern about whether there is the right multilateral institutions and frameworks in place to make sure everybody feels that there is fairness in trade. \u201cAnd the same goes for capital flows,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mysore-born Gita Gopinath has joined International Monetary Fund as its chief economist, becoming the first woman to occupy the top IMF post.Gopinath\u2019s joined last week at a time, when she believes the world is experiencing a retreat from globalisation, posing challenges to multilateral institutions.Announcing her appointment on October 1, IMF Managing Director Christine Lagarde described […]<\/p>\n","protected":false},"author":1,"featured_media":52160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-52159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=52159"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52159\/revisions"}],"predecessor-version":[{"id":52161,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52159\/revisions\/52161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/52160"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=52159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=52159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=52159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}