Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences

Surjit S. Bhalla is chairman of Oxus Investments, a New Delhi-based "hedge fund" and emerging markets advisory firm. He was a research economist at Rand Corporation, the Brookings Institution, the World Bank, and the Policy Group and an economist/strategist at the World Bank, Goldman Sachs, Deutsche Bank, and Oxus Investments. He has served on several committees of the government of India (the capital account convertibility committees of 1997 and 2006 and the advisory committee on secondary markets for the Securities and Exchange Board of India, among others). He was an appointed member of the National Statistical Commission of India (2007-10). He is on the governing board of the National Council of Applied Economic Research, and since 2002, has been a regular invitee to the Aspen Institute Program on the World Economy.