Paola Subacchi


Paola Subacchi is director of international economics research at Chatham House.
Articles by Paola Subacchi
LONDON - OCTOBER 07:  In this photo illustration, a man looks at a graph representing the 12 month decline of the FTSE 100 share index on October 7, 2008 in London. Financial markets are still suffering large losses as the global banking crisis continued.  (Photo by Peter Macdiarmid/Getty Images)
LONDON - OCTOBER 07: In this photo illustration, a man looks at a graph representing the 12 month decline of the FTSE 100 share index on October 7, 2008 in London. Financial markets are still suffering large losses as the global banking crisis continued. (Photo by Peter Macdiarmid/Getty Images)
An investor looks at screens showing stock market movements at a securities company in Beijing on July 14, 2015.        (Greg Baker/AFP/Getty Images)
An investor looks at screens showing stock market movements at a securities company in Beijing on July 14, 2015. (Greg Baker/AFP/Getty Images)
ANTALYA, TURKEY - NOVEMBER 16:  Italian (L-R) Prime Minister Matteo Renzi, Germany's Chancellor Angela Merkel, U.S President Barack Obama, British Prime Minister David Cameron and French Minister of Foreign Affairs and International Development Laurent Fabius talk during a round table meeting on day two of the G20 Turkey Leaders Summit on November 16, 2015 in Antalya, Turkey. World leaders will use the summit to discuss issues including, climate change, the global economy, the refugee crisis and terrorism. The two day summit takes place in the wake of the massive terrorist attack in Paris which killed more than 120 people.  (Photo by Chris McGrath/Getty Images)
ANTALYA, TURKEY - NOVEMBER 16: Italian (L-R) Prime Minister Matteo Renzi, Germany's Chancellor Angela Merkel, U.S President Barack Obama, British Prime Minister David Cameron and French Minister of Foreign Affairs and International Development Laurent Fabius talk during a round table meeting on day two of the G20 Turkey Leaders Summit on November 16, 2015 in Antalya, Turkey. World leaders will use the summit to discuss issues including, climate change, the global economy, the refugee crisis and terrorism. The two day summit takes place in the wake of the massive terrorist attack in Paris which killed more than 120 people. (Photo by Chris McGrath/Getty Images)
WASHINGTON, DC - SEPTEMBER 17:  Federal Reserve Board Chairwoman Janet Yellen answers questions at a news conference following a Federal Open Market Committee meeting September 17, 2015 in Washington, DC. The committee reaffirmed its view that the current target range for the federal funds rate remains appropriate and that interest rates will remain unchanged.  (Photo by Win McNamee/Getty Images)
WASHINGTON, DC - SEPTEMBER 17: Federal Reserve Board Chairwoman Janet Yellen answers questions at a news conference following a Federal Open Market Committee meeting September 17, 2015 in Washington, DC. The committee reaffirmed its view that the current target range for the federal funds rate remains appropriate and that interest rates will remain unchanged. (Photo by Win McNamee/Getty Images)
Turkish Prime Minister Ahmet Davutoglu (2ndL) and International Monetary Fund (IMF) Managing Director Christine Lagarde (C) take part in the G20 finance ministers meeting in Turkey, on September 4, 2015 in Ankara.  World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock markets. AFP PHOTO/ADEM ALTAN        (Photo credit should read ADEM ALTAN/AFP/Getty Images)
Turkish Prime Minister Ahmet Davutoglu (2ndL) and International Monetary Fund (IMF) Managing Director Christine Lagarde (C) take part in the G20 finance ministers meeting in Turkey, on September 4, 2015 in Ankara. World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock markets. AFP PHOTO/ADEM ALTAN (Photo credit should read ADEM ALTAN/AFP/Getty Images)
BEIJING, CHINA - MARCH 12:  Zhou Xiaochuan, governor of the People's Bank of China, gestures after a press conference of the Fifth Session of the 11th National People's Congress (NPC) focusing on moneytary policy and financial issues on March 12, 2012 in Beijing, China. The governor of China's central bank said Monday that a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest uncertainties for China's economy this year.  (Photo by Feng Li/Getty Images)
BEIJING, CHINA - MARCH 12: Zhou Xiaochuan, governor of the People's Bank of China, gestures after a press conference of the Fifth Session of the 11th National People's Congress (NPC) focusing on moneytary policy and financial issues on March 12, 2012 in Beijing, China. The governor of China's central bank said Monday that a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest uncertainties for China's economy this year. (Photo by Feng Li/Getty Images)
ATHENS, GREECE - JUNE 28:  Greeks queue in front of the National Bank to use ATM to withdraw cash on June 28, 2015 in Athens, Greece. Greece is anxiously awaiting a decision by the European Central Bank on whether to increase the emergency liquidity assistance banks can draw on from the country's central bank.  (Photo by Milos Bicanski/Getty Images)
ATHENS, GREECE - JUNE 28: Greeks queue in front of the National Bank to use ATM to withdraw cash on June 28, 2015 in Athens, Greece. Greece is anxiously awaiting a decision by the European Central Bank on whether to increase the emergency liquidity assistance banks can draw on from the country's central bank. (Photo by Milos Bicanski/Getty Images)
BERLIN, GERMANY - NOVEMBER 30:  A flag of the European Union is visible through tree branches on November 30, 2011 in Berlin, Germany. Many European leaders are warning that the growing debt crisis within the Eurozone is reaching critical proportions and that only weeks remain to take decisive action if the Euro is to survive.  (Photo by Sean Gallup/Getty Images)
BERLIN, GERMANY - NOVEMBER 30: A flag of the European Union is visible through tree branches on November 30, 2011 in Berlin, Germany. Many European leaders are warning that the growing debt crisis within the Eurozone is reaching critical proportions and that only weeks remain to take decisive action if the Euro is to survive. (Photo by Sean Gallup/Getty Images)
GettyImages-477511106
GettyImages-477511106
Beijing, CHINA: A woman walks pass the Chinese renminbi 100 yuan note display at a museum in Beijing 01 March 2007.  Treasury Secretary Henry Paulson said the US remains "dissatisfied" with China's currency policies but argued for more open trade, instead of new barriers, to resolve the problem, as the former Goldman Sachs chief executive heads to Beijing next week for his third trip to China since he became Treasury secretary in July.     AFP PHOTO/GOH CHAI HIN (Photo credit should read GOH CHAI HIN/AFP/Getty Images)
Beijing, CHINA: A woman walks pass the Chinese renminbi 100 yuan note display at a museum in Beijing 01 March 2007. Treasury Secretary Henry Paulson said the US remains "dissatisfied" with China's currency policies but argued for more open trade, instead of new barriers, to resolve the problem, as the former Goldman Sachs chief executive heads to Beijing next week for his third trip to China since he became Treasury secretary in July. AFP PHOTO/GOH CHAI HIN (Photo credit should read GOH CHAI HIN/AFP/Getty Images)
Greek Finance Minister Yanis Varoufakis arrives on May 12, 2015 for an Economic and Financial Affairs Council meeting at the European Council in Brussels. AFP PHOTO / EMMANUEL DUNAND        (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)
Greek Finance Minister Yanis Varoufakis arrives on May 12, 2015 for an Economic and Financial Affairs Council meeting at the European Council in Brussels. AFP PHOTO / EMMANUEL DUNAND (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)
British Prime Minister David Cameron talks to the media at the end of a European Union Summit held at the EU Council building in Brussels on March 20, 2015.  AFP PHOTO / THIERRY CHARLIER        (Photo credit should read THIERRY CHARLIER/AFP/Getty Images)
British Prime Minister David Cameron talks to the media at the end of a European Union Summit held at the EU Council building in Brussels on March 20, 2015. AFP PHOTO / THIERRY CHARLIER (Photo credit should read THIERRY CHARLIER/AFP/Getty Images)