Desmond Lachman

Desmond Lachman is a Resident Fellow at AEI. He joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies.
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Economics, International economy

Is quantitative easing really going to save the euro?

Last week, at Jackson Hole, ECB President Mario Draghi clearly signaled that he has finally come around to recognizing the threat that deflation would pose to the Eurozone economic recovery. However, before jumping to the conclusion that this recognition removes the risk of yet another and more serious phase in the Eurozone debt crisis, one might want to reflect on two basic questions. read more >