By Carmen M. Reinhart, Special to Gulf News

Articles from the author

The shadow side of China’s generous lending

There is a worrying lack of transparency on its loan terms to other countries

The People's Bank of China headquarters in Beijing.

US racks up debt, deficit with focus on the now

But policymakers need to spare a thought on the burden for future generations

The US racks up debt and deficit with focus on the now

Containing the upcoming Italian contagion

No effort should be spared to limit the crisis fallout to within its borders

Hugo Sanchez/©Gulf News

Pain starting for sovereign defaulters

Venezuela and Puerto Rica will find there are no easy solutions out of the morass

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Eurozone must use caution on rate normalising

Hiking interest rates may be good for Germany but not necessarily all the others

Luis Vazquez/©Gulf News

A budget road map that is at odds with reality

Trump’s proposals suggest a period of 3% growth but with low interest rates prevailing

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