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Mohamed A. El-Erian
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Mohamed A. El-Erian is Chief Economic Advisor at Allianz and member of its International Executive Committee, Chair of President Obama’s Global Development Council, Author of “When Markets Collide,” and former CEO/co-CIO of PIMCO.

Entries by Mohamed A. El-Erian

كيف ساهمت وسائل التواصل في إفشال انقلاب تركيا؟

(1) Comments | Posted July 20, 2016 | 2:03 PM

يعود فشل محاولة الانقلاب التي نفذها عناصر من قوات الجيش التركي يوم الجمعة، 15 يوليو 2016، إلى عدة أسباب، من بينها الانقسامات التي حصلت في صفوف القوات العسكرية وزلات المتآمرين.

بالإضافة إلى ذلك، لعبت وسائل التواصل الاجتماعي والاتصالات المتنقلة، كالعادة، دوراً محوريا في عملية الإحباط هذه، ومكنت الشعب، مجدداً، من...

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A Quick Central Bank Primer for Volatile Financial Markets

(14) Comments | Posted February 15, 2016 | 10:01 AM

To say that it has been a wildly volatile year for financial markets would be an understatement ... and we are only in mid-February! Indeed, it has been quite a while since we have seen such intra-day fluctuations -- up and down -- in stocks, bonds, and oil.

Unsurprisingly, this...

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La importancia de los bancos centrales

(0) Comments | Posted February 7, 2016 | 11:57 PM

"No se necesita más financiación, se necesita una financiación mejor".
- Martin Wolf.

"El mundo ha acabado con la capacidad de improvisación del banco central como estrategia de crecimiento".
- Larry Summers.

En los últimos años, la economía mundial ha avanzado de formas que una vez parecieron improbables,...

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The Only Game in Town

(1) Comments | Posted January 26, 2016 | 8:00 AM

"What is needed is not more finance, but better finance."
--Martin Wolf

"The world has largely exhausted the scope for central bank improvisation as a growth strategy."
--Larry Summers

In the last few years, the global economy has evolved in ways once deemed highly unlikely, if not unthinkable....

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Governments Must Self-Disrupt to Innovate

(0) Comments | Posted October 21, 2015 | 3:39 PM

project syndicate

One of the most difficult challenges facing Western governments today is to enable and channel the transformative -- and, for individuals and companies, self-empowering -- forces of technological innovation. They will not...

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En defensa de Varoufakis

(5) Comments | Posted August 12, 2015 | 12:27 AM

Desde culparle de la crisis económica griega hasta acusarle de planear la salida de Grecia de la eurozona; criticar a Yanis Varoufakis, ex ministro de Finanzas de Grecia, se ha puesto de moda. Aunque no lo conozco personalmente y nunca he hablado con él, creo que está siendo excesivamente criticado...

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In Defense of Varoufakis

(17) Comments | Posted August 3, 2015 | 3:29 PM

LONDON -- From blaming him for the renewed collapse of the Greek economy to accusing him of illegally plotting Greece's exit from the eurozone, it has become fashionable to disparage Yanis Varoufakis, the country's former finance minister. While I have never met or spoken to him, I believe that he...

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그리스와 중국 경제 위기에는 연관점이 있다

(1) Comments | Posted July 9, 2015 | 10:47 PM

*이 글은 알리안츠 본사의 수석 경제 분석가 모하메드 A. 엘-에리안이 허핑턴포스트US에 기고한 블로그를 번역한 것입니다.

언뜻 보면 중국과 그리스의 위기 사이에는 별 연관이 없어 보인다. 중국 위기는 시장의 거품이 꺼지는 것이고, 그리스 위기는 악화되어 가는 약한 경제와 재정 펀더멘털 때문에 생겼다. 그러나 두 나라에는 공통점이...

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How the Greek and Chinese Crises Are Linked

(122) Comments | Posted July 8, 2015 | 5:23 PM

At first sight, there is little to connect the ugliness in China and Greece. The former reflects the unwinding of a market bubble; and the latter is driven by weak and deteriorating economic and financial fundamentals. Yet both share a common element, and they are not the only ones: They...

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Will a 'Perfect Storm' Sink Europe?

(183) Comments | Posted June 29, 2015 | 5:47 PM

Dark clouds are lowering over Europe's economic future, as three distinct tempests gather: the Greek crisis, Russia's incursion in Ukraine and the rise of populist political parties. Though each poses a considerable threat, Europe, aided by the recent cyclical pickup, is in a position to address them individually, without risking...

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Will Russia Sanctions Push Europe Back into Recession?

(6) Comments | Posted March 27, 2014 | 11:00 AM

Mohamed A. El-Erian is the former CEO and co-CIO of PIMCO. He serves on the International Executive Committee of Allianz and is chief economic advisor to the Board of Management, chair of President Obama's Global Development Council and author of the NYT/WSJ bestseller "When Markets Collide."


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Why Equities Sold Off Despite a Dovish Fed

(0) Comments | Posted March 19, 2014 | 5:19 PM

On the surface, you would have thought that the stock market would have liked the outcome of the Federal Reserve meeting; and you would have expected that front-end interest rates would have been relatively well anchored. Instead, equities sold off while the yield curve flattened as a result of a...

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Downton or House of Cards: Sequential or Batch TV Releases?

(5) Comments | Posted March 19, 2014 | 11:53 AM

Other than sports and news programs -- along, of course, with our daughter's favorite shows -- I am not a big television watcher. Having said this, I felt quite left out a few weeks ago when, on the road, I received several e-mails about two shows that I am hooked...

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Economic Realities Can De-Escalate Ukraine Crisis

(32) Comments | Posted March 17, 2014 | 10:12 AM

Mohamed A. El-Erian is the former CEO/co-CIO of PIMCO, the global investment management firm. He is chief economic advisor at Allianz and member of its International Executive Committee, chair of President Obama's Global Development Council and author of the NYT/WSJ bestseller "When Markets Collide." Foreign Policy named him one of...

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A Well-Balanced Slate for the Federal Reserve

(0) Comments | Posted January 13, 2014 | 8:06 AM

Given Friday's surprising employment report, it is understandable that the other big announcement that day -- the one pertaining to governors for the Federal Reserve -- attracted a lot less attention. Yet the news is more consequential for the economy and markets. It is also good news.

Last Friday, President...

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Extending Unemployment Benefits Makes Good Economic Sense, Too

(195) Comments | Posted January 5, 2014 | 5:46 PM

Our lawmakers will be debating this week the emergency benefits received by the long-term unemployed. There are solid economic and social arguments in favor of restoring these important benefits that lapsed on December 28 for 1.3 million Americans.

The social case is clear.

The long-term unemployed are among the most...

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Fed Taper Begins -- What Happens Next?

(39) Comments | Posted December 18, 2013 | 5:20 PM

Investors have responded favorably to the outcome of today's highly-anticipated Federal Reserve policy meeting, and rightly so. Here are four key takeaways that speak to more than this afternoon's impressive market moves; they also shed light on what may be ahead.

First, the Fed...

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South Africa's Inspirational Goodbye to Nelson Mandela

(1) Comments | Posted December 15, 2013 | 9:32 AM

Note: Having already shared with you my thoughts on Nelson Mandela, I had not intended to do so again. But that was before this morning's moving burial...

All this week, dignitaries and everyday folk have been bidding their goodbyes to one of the world's most inspiring...

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The World Has Lost a Great Man in Nelson Mandela

(26) Comments | Posted December 5, 2013 | 4:08 PM

Today is an extremely sad day. Nelson Mandela, one of the world's most courageous leaders, has passed away. South Africa -- indeed, the whole world -- is saying goodbye to a great human being and an incredible inspiration.

I am among the millions around the world who feel a deep...

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What to Make of the Fed Minutes

(8) Comments | Posted November 20, 2013 | 5:04 PM

The minutes released Wednesday by the Federal Reserve are a must-read for those interested in the complexity of modern central banking--if only for the striking contrast between the milquetoast discussion of the economy and the many policy and market complexities.

There is little that is new or noteworthy...

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