Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

Asian Dollar Bond Monitor: New Normal or Late-Summer Night Dream

China: Capital Flight Despite Strong RMB Suggests Belt and Road Investments Are a Pipe-Dream

REAL-Economics.com

Macroeconomics

<p><strong>China's M2 has soared by US$18tn in the past 9 years (the biggest monetary expansion in world history) to US$24.5tn in June 2017 -- far exceeding the stock of M2 in the world's largest economy (US$13.5tn in the US). This is the single biggest source of instability in the global financial system -- masked, for now, but hanging like Damocles Sword in the background -- as it means that the RMB is overvalued from a monetary standpoint although it remains undervalued from the standpoint of current</strong>…</p>

China's M2 has soared by US$18tn in the past 9 years (the biggest monetary expansion in world history) to US$24.5tn in June 2017 -- far exceeding the stock of M2 in the world's largest economy (US$13.5tn in the US). This is the single biggest source of instability in the global financial system -- masked, for now, but hanging like Damocles Sword in the background -- as it means that the RMB is overvalued from a monetary standpoint although it remains undervalued from the standpoint of current…

China: Soaring Credit Keeps the Economy Afloat, Precariously