Desmond_Lachman

Desmond Lachman

Desmond Lachman

South African economist

Desmond Lachman (born 1948), is a South African-born economist and finance author, who was a senior advisor (1984–1994) and then Deputy Director (1994–1996) at the International Monetary Fund, the Managing Director and Chief Emerging Market Strategist at Salomon Smith Barney (1996–2003), and a Fellow at the American Enterprise Institute (2003–).[1][2] Lachman has served as an adjunct professor at Johns Hopkins University (2009), and Georgetown University (2010).[2]

Quick Facts Born, Academic career ...

In 2006, Paul Blustein of the Wall Street Journal said Lachman "distinguished himself amongst other analysts" in predicting that Argentina would be eventually forced to default on its debts.[1] In 2011, Bloomberg credited Lachman with predicting the global credit crisis and the credit issues that the Euro currency would create amongst some member states.[3] In 2016, Blustein said "Some of his direct forecasts have proven perspicacious and have come well ahead of the pack".[4]

Lachman is a frequent opinion contributor in the main financial media, including the Financial Times,[5] The Wall Street Journal,[6] and Bloomberg,[7] as well as for the wider national media such as for The Hill,[8] for U.S. News,[9] for Fox News,[10] and for CNN.[11]

He is also regularly interviewed for his views on emerging markets in the financial media, such as in Barron's,[12] CNBC,[13] and the Economist.[14] Lachman is interviewed on general economics for the wider non-financial national media such as for USA Today,[15] for BBC News,[16] and for NPR.[17][18]

In 2011, BBC's Newsnight, named Lachman's graph of 10-year euro yields as their "Chart of the Year", from submissions by leading economists.[19][20]

Published works

  • Lachman, Desmond; Ramaswamy, Ramana; Green, J. H.; Hagemann, Robert P.; Bennett, Adam (1995). Challenges to the Swedish Welfare State. International Monetary Fund. ISBN 9781452727783. Retrieved 10 February 2021.
  • Lachman, Desmond; Bercuson, Kenneth (1992). Economic Policies for a New South Africa. International Monetary Fund. ISBN 9781557751980. Retrieved 10 February 2021.

See also

References

  1. [1]
    Blustein, Paul (March 2006). "Chapter 4: Enronization". And the Money Kept Rolling In (and Out): Wall Street, the IMF and the Bankrupting of Argentina. PublicAffairs. ISBN 978-1586483814.
  2. [2]
    "Hearing before the Subcommittee on Monetary Policy and Trade: What is Central about Central Banking?". United States House Committee on Financial Services. 13 November 2013. Retrieved 10 February 2021. Biography: Desmond Lachman
  3. [3]
    Editorial (30 March 2011). "Former IMF Official Sees New Bank Crisis". Bloomberg Law. Retrieved 11 February 2021.
  4. [4]
    Blustein, Paul (November 2016). Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF. p. 50. ISBN 978-1928096252. Retrieved 10 February 2021.
  5. [5]
    Lachman, Desmond (9 August 2019). "The basic reason China is averse to US bond sales". Financial Times. Retrieved 10 February 2021.
  6. [6]
    Lachman, Desmond (14 January 2019). "Debt Denial Is a Threat to America". The Wall Street Journal. Retrieved 10 February 2021.
  7. [7]
    "Contributions: Desmond Lachman". Bloomberg. Retrieved 10 February 2021.
  8. [8]
    Lachman, Desmond (14 October 2020). "A wake-up call from the IMF". The Hill. Retrieved 10 February 2021.
  9. [9]
    "Desmond Lachman, Opinion Contributor". U.S. News & World Report. Retrieved 10 February 2021.
  10. [10]
    "Contributor: Desmond Lachman". Fox News. Retrieved 10 February 2021.
  11. [11]
    Lachman, Desmond (30 December 2011). "Why European loans could hurt U.S. taxpayers". CNN. Retrieved 10 February 2021.
  12. [12]
    Struss, Lawrence (2 September 1998). "Impact of Russia's Crisis Could Linger". Barron's. Retrieved 10 February 2021.
  13. [13]
    Levingston, Ivan (8 June 2016). "Experts offer some praise for Puerto Rico bill in Congress". CNBC. Retrieved 10 February 2021.
  14. [14]
    Washington, R.A. (21 April 2010). "Interview with Desmond Lachman: Greek Debt, Picking up momentum". Economist. Retrieved 10 February 2021.
  15. [15]
    Davidson, Paul (1 December 2020). "Biden set to announce his economic team led by Janet Yellen, who face a dark winter outlook, split Congress". USA Today. Retrieved 11 February 2021.
  16. [16]
    "Why US rates have a global impact". BBC News. 13 June 2018. Retrieved 10 February 2021.
  17. [17]
    Talk of the Nation (1 September 1998). "Stock Market". NPR. Retrieved 10 February 2021.
  18. [18]
    Brand, Madelline (4 September 2007). "'Marketplace' Report: Tackling the Mortgage Crisis". NPR. Retrieved 10 February 2021.
  19. [19]
    Pryce, Vicky (14 December 2011). "Top Economists Reveal Their Graphs Of 2011". Business Insider. Retrieved 10 February 2021.
  20. [20]
    Thompson, Derek (21 December 2011). "The Most Important Graphs of 2011". The Atlantic. Retrieved 10 February 2021.
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