Ashoka Mody Quotes
Were Greece to leave, possibly followed by Portugal and Italy in the subsequent years, the countries' new currencies would fall sharply in value. This would leave them unable to pay debts in euros, triggering cascading defaults.Get Image
Italy and Portugal have about the same gross domestic product today as when the euro was introduced, and the Greek economy, having briefly soared, is now in danger of falling below its starting point.Get Image
The disruption from a German exit would be minor.Get Image
Because a deutsche mark would buy more goods and services in Europe (and in the rest of the world) than does a euro today, the Germans would become richer in one stroke.Get Image
Germany's assets abroad would be worth less in terms of the pricier deutsche marks, but German debts would be easier to repay.Get Image
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Ashoka Mody is an Indian-born economist. He is the Charles and Marie Robertson visiting professor in international economic policy and lecturer in public and international affairs, Woodrow Wilson School of Public and International Affairs, Princeton.
Mody studied Electronics at the Indian Institute of Technology at Madras. After his B.Tech. (1978) he switched fields and obtained a M.Phil. in Applied Economics at the Centre for Development Studies in Trivandrum 1979, where he worked as a Research Associate until completing his PhD in Economics from Boston University in 1986.
He briefly joined AT&T Bell Laboratories as a member of their technical staff before joining the World Bank. In 1997/1998, Mody was a Visiting Professor of Public Policy at the Wharton School. From 2001 until his retirement Mody was the assistant director of the International Monetary Fund's European Department. He is opposed to fiscal austerity. He is also affiliated with the Brussels European and Global Economic Laboratory BRUEGEL.
In October 2009 as Mody returned to his home in Bethesda, Maryland when he was shot multiple times whilst in his car by a masked gunman who then fled on foot. Police issued an arrest warrant for Mohau Mercy Mathibe who worked for a trial period at the IMF under Mody.
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