Question Time: What The Economists Say - With The Subprime Crisis In The US Causing Worldwide Reverberations, We Asked A Group Of Leading Economists To Consider Whether A Soft Or Hard Landing Was In Prospect. They Also Considered Sovereign Wealth Funds, T.

Banker, The, September, 2007

The questions

1. Is the world economy headed for a soft or hard landing?

2. Is the renminbi overvalued or undervalued?

3. What should be the role of the IMF/World Bank?

4. Are sovereign wealth funds to be applauded or feared?

5. Are emerging market crises a thing of the past?

A discussion about whether the world economy is faced with a soft or a hard landing is always an interesting one and, with the financial crisis of recent weeks, the background to the discussion here could not have been more timely.

The days of cheap credit are certainly coming to an end and the world's financial markets have been awash with rumours that have been fuelled by news that some of the biggest home loan providers in the US...

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