Gita Gopinath Quotes

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

A single economy makes the constant adjustments necessary to facilitate trade impossible.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization.

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

Our foreign-exchange reserves when I took over were no more than a billion dollars; that is, roughly equal to two weeks' imports.

To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.

We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

China needs a currency that reflects underlying economic fundamentals.

Foreign trade clearly has been a reason why inflation has been low.

China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.

I don't want the United States to be in a global economy where our economic future is bound to that of Zimbabwe. We can't necessarily trust the decisions that are being made financially in other countries.

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

The IMF is set up to deal with liquidity crises.

By manipulating its money values, a government could win large markets overseas for its exporters and thus create satisfaction at home with expanding production and employment.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.