"Speculation that China actively manipulated its currency against the dollar has put a strain on U. S.-China relations in recent years. Former Head of the IMF's China Division Eswar Prasad acknowledges that while China likely intervened in its currency, since mid-2014, it has been to the benefit of the U. S. economy.

Prasad's latest book, Gaining Currency: The Rise of the Renminbi, was published by Oxford University Press in October 2016. He is also the author of The Dollar Trap: How the U. S. Dollar Tightened Its Grip on Global Finance (Princeton University Press, February 2014) and Emerging Markets: Resilience and Growth Amid Global Turmoil (with M. Ayhan Kose; Brookings Institution Press). His extensive publication record includes articles in many collected volumes as well as top academic journals. He has co-authored and edited numerous books and monographs on financial regulation as well as China and India.

His op-ed articles have appeared in the Financial Times, Foreign Policy, Harvard Business Review, International Herald Tribune, New York Times, Wall Street Journal, and Washington Post. He has made frequent appearances on BBC, Bloomberg, CNBC, CNN, C-SPAN, Fox, NBC, NPR, PBS, Reuters, and other radio and television channels. Prasad is also a Research Fellow at IZA (Institute for the Study of Labor, Bonn). He has served as the co-editor of the journal IMF Staff Papers, on the editorial board of Finance & Development, and was the founding editor of the quarterly IMF Research Bulletin."