Johns Hopkins University

The collapse of Ukraine's hryvnia currency, which has lost half of its value against the US dollar since the start of 2015, has resulted in a surge of inflation, Economics Professor Steve Hanke wrote in a recent blog.

Economics Professor Steve Hanke praised China's recent move to lower its reserve requirements and predicted further troubles for Greek banks unless recapitalised.

Hanke, who is professor at Johns Hopkins University and Senior Director of the Troubled Currencies Project at Cato Institute, said this in a recent interview for Russia Today.