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While lawyers mandate and businesses eye the bottom line, economists, at their best, couple well-defined policy objectives with an understanding of the incentives that motivate human behavior. This perspective underlies my work, which, in the broadest terms, addresses the economic and institutional requirements for a dynamic and equitable global economy. 

"Words ought to be a little wild, for they are the assaults of thoughts on the unthinking." J.M. Keynes

"On résiste à l'invasion des armées; on ne résiste pas à l'invasion des idées."   Victor Hugo Histoire d'un Crime


 

My work builds on experience during a long period at the International Monetary Fund where I was Deputy Director of the European Department when I left in mid-2007.  I lead the IMF’s teams working with governments in Central and Eastern Europe, Turkey, the UK and Germany. But I had several other incarnations at the IMF--in the Research Department (where I focused on exchange rate and SDR issues), Asian Department (where I was head of divisions for India and Thailand) and Policy Development and Review Department (where I established the ex post evaluation division). 

Now I divide my time among several projects, mostly centered on sovereign debt crises. As a senior visiting fellow at the Centre for International Governance Innovation (CIGI) I work on global governance and institutions for addressing sovereign debt crises. I am also a non-resident Senior Fellow at the Atlantic Council, where I blog on the European crisis. An ongoing project, started during the terms I spent as a member of St. Antony's College in Oxford University, is a book on global governance and sovereign debt crises (Emerging Economies, Economic Crises and Global Governance: Lessons from Turkish History) I continue my interest in Central and Eastern Europe as a member of the Advisory Council  of the Center for Economic and Social Research in Warsaw  I also have been active on the topic of international economic governance as a consultant to the Independent Evaluation Office of the IMF and, currently, to an external panel of experts assessing Risk Management in the IMF. My CV attached to this website has details.

 

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