Gita Gopinath has a knack for asking the kind of questions that, not so long ago, might have raised eyebrows inside the International Monetary Fund (IMF), where she has just taken over as chief economist.
What if more emerging markets actively managed their currencies, like China does? What if an influx of capital risks sapping a nation’s productivity, not boosting it? Interrogating the data for answers, and using them to poke holes in the conventional...
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