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

TSF up 19.9% YoY in 2016; FX Reserves Down A "Modest" US$320bn

China: Hurtling Toward Crisis, Nudged Along by Trump

REAL-Economics.com

Macroeconomics

<p>China's monetary expansion in 2003-2011 was underpinned by massive balance of payments surpluses (of 5-12% of GDP annually). Those surpluses shrank in 2012-14 (to 1-4% of GDP), but rapid monetary expansion resumed in 2013, undermining local confidence in the RMB as China's money supply ran far ahead of the shrinking payments surplus. In 2H 2014, 2015 and 2016, the balance of payments swung into deficit (3.2% of GDP in 2015, likely a bit smaller in 2016), but China's money-supply continued to…</p>

China's monetary expansion in 2003-2011 was underpinned by massive balance of payments surpluses (of 5-12% of GDP annually). Those surpluses shrank in 2012-14 (to 1-4% of GDP), but rapid monetary expansion resumed in 2013, undermining local confidence in the RMB as China's money supply ran far ahead of the shrinking payments surplus. In 2H 2014, 2015 and 2016, the balance of payments swung into deficit (3.2% of GDP in 2015, likely a bit smaller in 2016), but China's money-supply continued to…

New Capital Controls Highlight Policy Concerns and Growing Contradictions