Desmond Lachman is an economist and a resident fellow at the American Enterprise Institute (AEI). He joined AEI after serving as managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director of the International Monetary Fund’s Policy Development and Review Department and was active in staff formulation of IMF policies. Lachman has written extensively on the global economic crisis, the US housing market bust, the US dollar and the strains in the euro area. At AEI, he focuses on the global macro economy, international currency issues and the multilateral lending agencies.