Contributors Contributors

Joshua Aizenman of Finance, Journal of Financial Eco- Joshua Aizenman joined the faculty at nomics, Journal of Monetary Econom- University of California Santa Cruz in ics and Journal of Economic Growth. 2001 following eleven years at Dart- He is co-author of two World Bank mouth College, where he served as the policy reports: Financing Africa: Through Champion Professor of International the Crisis and Beyond and Finance for All? Economics. His research covers a range Policies and Pitfalls in Expanding Access. of issues in open economy including His country experience in both re- commercial and financial policies, cri- search and policy work includes Ban- ses in emerging markets, foreign direct gladesh, Bolivia, Brazil, China, Colom- investment, capital controls, and ex- bia, Mexico, Peru, Russia and several change rate regimes. Joshua Aizenman sub-Saharan African countries. Since also serves as a Research Associate for moving to Tilburg, he has also worked the National Bureau of Economic Re- intensively on issues related to the search. Other affiliations have included European crisis and the European fi- teaching and research positions at the nancial safety net and has been co-au- University of Pennsylvania, the Univer- thor of two CEPR reports on Bailing sity of Chicago Graduate School of out the Banks: Reconciling Stability and Business, and the Hebrew University in Competition and Cross-Border Banking in Jerusalem. Consulting relationships in- Europe: Implications for Financial Stabil- clude the International Monetary Fund, ity and Macroeconomic Policies. the World Bank, the Inter-American Development Bank, and the Federal Reserve Bank of San Francisco. Mr. Aizenman holds a B.A. in mathematics and philosophy from the Hebrew Uni- versity of Jerusalem and a Ph. D. in Economics from the University of Chicago. Thorsten Beck Thorsten Beck is Professor of Econom- ics and Chairman of the European Banking Center. Before joining Tilburg University and the CentER, he worked at the Development Research Group of the World Bank. His research and pol- Andreas Dombret icy work has focused on two main ques- Andreas Dombret (born 1960 the son tions: What is the effect of financial of German parents in the USA) is a sector development on economic member of the Executive Board of the growth and poverty alleviation? What Deutsche Bundesbank. Mr. Dombret are the determinants of a sound and ef- was born on 16 January 1960 in the fective financial sector? Recently, his USA to German parents. After com- research has focused on access to finan- pleting his “Abitur” (senior school-leav- cial services by small and medium-sized ing certificate) at the Neusprachliches enterprises and households. His re- Gymnasium in Ahlen, North Rhine- search has been published in leading ac- Westphalia, he trained as a bank clerk ademic journals, including the Journal with Dresdner Bank before studying

40th ECONOMICS CONFERENCE 2012 163 Contributors

business management at the West- trian Society for Bank Research) in Vi- fälische Wilhelms University in Mün- enna, the Westfälische Wilhelms Uni- ster. He was awarded his Ph. D. by the versity in Münster, the Schirn Kunst- Friedrich-Alexander University in Er- halle art exhibition centre and the langen-Nuremberg. From 1987 to 1991, Städel Museum in Frankfurt, and the he worked at Deutsche Bank’s Head Museum Wiesbaden. In addition, he Office in Frankfurt as a manager with is a member of the Board of the Inter- the power of procuration. From 1992 national Center for Monetary and to 2002, he worked at JP Morgan in Banking Studies (ICMB) in Geneva and Frankfurt and London, from 1999 as a the Exchange Experts Commission (BSK), as well as the treasurer of the Verein für Socialpolitik and the Atlantik-Brücke. He is also a co-editor of the “Zeitschrift für das gesamte Kreditwesen” economics journal in Frankfurt. Wolfgang Duchatczek Wolfgang Duchatczek has been serving as Vice Governor of the Oester- reichische Nationalbank (OeNB) since 2003. He joined the OeNB in 1976 and the Office of the Governor in 1978. He was appointed Chief of the Office of the Governor in 1982 and Deputy Ex- ecutive Director of the Foreign Re- search Department in 1987. In addi- tion, he served as Representative of the Managing Director. From 2002 to OeNB on the EC Integration Commit- 2005, he was the Co-Head of Roth- tee of the Austrian Federal Govern- schild Germany located in Frankfurt ment. Mr. Duchatczek was appointed and London, before serving the Bank of Director of the Area International Re- America as Vice Chairman for Europe lations of the OeNB in 1992 and repre- and Head for Germany, Austria and sented the OeNB during Austria’s EU Switzerland between 2005 and 2009. accession negotiations. He was nomi- He was awarded an honorary professor- nated Chairman of the European Com- ship from the European Business School mission’s Committee on Monetary, Fi- in Oestrich-Winkel in 2009. Since May nancial and Balance of Payments Statis- 2010, he has been a member of the Ex- tics (CMFB) and served as the OeNB’s ecutive Board of the Deutsche Bundes- Second Alternate on the Committee of bank with responsibility for Financial Alternates of the European Monetary Stability, Statistics and Risk Control. Institute (EMI). In 1997, he was ap- Andreas Dombret holds several other pointed to the OeNB’s Board of Execu- positions outside the Deutsche Bundes- tive Directors as Deputy Chief Execu- bank. He sits on the Board of Trustees tive Director of the Liquidity and Port- of the Center for Financial Studies (CFS) folio Management and Internal Services in Frankfurt, the Österreichische Bank- Department, and in 1998 he joined the wissenschaftliche Gesellschaft (Aus- OeNB’s Governing Board as Executive

164 40th ECONOMICS CONFERENCE 2012 Contributors

Director of the Money, Payment Sys- was Minister of the Interior. She started tems and Information Technology De- her political career as a Member of Par- partment. Mr. Duchatczek holds a doc- liament of the Austrian People’s Party torate in economics and social sciences in 1990, also in 1990 she became Sec- and has been awarded the Grand Deco- retary of State at the Ministry of Econ- ration of Honor in Gold for Services to omy. Between 1994 and 2008, she held the Republic of Austria. several positions in various institutions i. e., Member of the Economics and Werner Faymann Employment Commission of the Euro- Werner Faymann is the Federal Chan- pean Union of Women, Vice-Chair- cellor of Austria and was sworn in by woman of the Upper Austrian People’s Federal President Heinz Fischer on 2nd Party, Chairwoman of the Parliamen- December 2008. Before taking on this tary Committee of the Judiciary, current position, he had already played Chairwoman of the Economics and a significant role in Viennese and Aus- Employment Commission of the Euro- trian politics. In 1984, until 1994, he pean Union of Women. Maria Fekter was the provincial chairman of the was elected by the National Council Socialistic Youth Vienna (Sozialistische Ombudsman (Volksanwältin) (2007– Jugend Wien). Between 1985 and 2008). Ms. Fekter holds a doctor in le- 1988, he served as a consultant at the gal studies from the Johannes Kepler Zentralsparkasse (now Unicredit Bank Univesity Linz and a MA in Business Austria). In 1988, he became the direc- Administration. tor and provincial chairman of the Viennese Tenants’ counseling. His polit- Ernest Gnan ical career took flight between 1994 Ernest Gnan has been head of the Eco- and 2007, when he was a member of nomic Analysis Division of the Oester- the Viennese state parliament and mu- reichische Nationalbank in Vienna since nicipal council; executive city coun- 1999. He is a member of the European cilor for housing, housing construction Central Bank’s Monetary Policy Com- and urban renewal; president of the mittee, and is also an adjunct professor Viennese Fund for Provision of Prop- at Webster University in Vienna, teach- erty and Urban Renewal (Wiener ing courses on economic analysis. Dur- Bodenbereitstellungs- und Stadterneuer- ing 1998, Ernest Gnan served as dep- ungsfonds: WBSF) and vice president of uty head of the Foreign Research Divi- the Viennese Business Agency (Wiener sion of the Oesterreichische National- Wirtschaftsförderungsfonds: WWFF). bank, and from 1995 to 1997, as an In 2007, he was appointed as the Fed- economist in the Secretariat of the eral Minister for Transport, Innovation Foreign-Exchange Policy Sub-Commit- and Technology (BMVIT), which he tee at the European Monetary Institute stayed till 2nd December 2008. Wer- (a forerunner of the European Central ner Faymann has been the executive Bank). He is a former national ex- chairman of the Social Democratic Party pert in the Directorate General for of Austria (SPÖ) since June 2008. He is Monetary and Financial Affairs at the married and has two children. European Commission in Brussels, and a former investment fund manager Maria Fekter at Genossenschaftliche Zentralbank in Maria Fekter is the Austrian Minister Vienna. Ernest Gnan received a mas- of Finance; between 2008 and 2011 she ter’s degree in commercial sciences and

40th ECONOMICS CONFERENCE 2012 165 Contributors

a Ph.D. in Economics at the University Ifo Institute – Leibniz Institute for Eco- of Economics and Business Administra- nomic Research at the University of tion in Vienna. Munich. His work includes engage- ments in the Editorial Council of The Sylvie Goulard Review of International Economics and Sylvie Goulard, MEP, is elected in the the Editorial Board of Journal of Inter- West region of France (Brittany, Poitou national Economics and Economic Pol- Charentes, Pays de la Loire). She is Co- icy. He does regular refereeing for nu- ordinator of the Economic and Mone- merous international scholarly journals tary Affairs Committee (ECON) for and he is a Member of The American the Alliance of Liberals and Democrats Economic Asscociation and the Advi- for Europe (ALDE). She was rappor- sory Board of the Vienna Institute for teur for the legislation creating the International Economic Studies. Wil- European Systemic Risk Board, one of helm Kohler studied economics at the the texts of the “packet” to reinforce University of Innsbruck and graduated European financial supervision follow- as Doctor rer. soc. oec. in economics in ing the crisis. She was also rapporteur 1983. His research concentrates on the for one of the texts concerning the im- theory of international trade and factor provement of economic governance of movements, as well as European inte- the EU (sanctions applicable to Mem- gration. ber States of the euro area in the event of violation of the Growth and Stability Ewald Nowotny Pact) – the “six-pack”. She is currently Ewald Nowotny is the Governor of the rapporteur for a European Parliament Oesterreichische Nationalbank (OeNB) initiative report on Eurobonds. She is and a Member of the Governing Coun- also a substitute member of the Agri- cil of the European Central Bank culture and Rural Development Com- (ECB). Before taking on his current mittee (AGRI). After her studies of position in September 2008, Ewald law, political science and the ENA, Nowotny held a number of high-level Sylvie Goulard began her professional positions in financial institutions. He life serving as a diplomat in the French was CEO of the Austrian BAWAG Ministry of Foreign Affairs (legal de- P.S.K. banking group from 2006 to partment) and the French Conseil 2007, served as Vice President and d’Etat. Between 2001 and 2004, Ms. Member of the Executive Board of the Goulard was a member of the group of European Investment Bank (EIB) in political advisors to Romano Prodi, Luxembourg from 1999 to 2003 and, President of the European Commis- between 1971 and 1979, he was a sion. Between 2006 and 2010, Sylvie Member and then President of the Gov- Goulard was President of the European erning Board of Österreichische Post- Movement, France. sparkasse (P.S.K.). Moreover, from 1992 to 2008 Ewald Nowotny served Wilhelm Kohler as member of the supervisory board of Wilhelm Kohler is Professor of Inter- several banks and corporations and was national Economics at Eberhard Karls a member of the OeNB’s General University Tübingen. He previously Council from 2007 to 2008. Ewald held positions at Johannes Kepler Uni- Nowotny was born in Vienna, Austria, versity Linz, and the Universiy of in 1944. He studied law and govern- Essen. He also is Research Professor at ment sciences at the University of

166 40th ECONOMICS CONFERENCE 2012 Contributors

Vienna and economics at the Institute teaching economics at the universities of Advanced Studies in Vienna. In 1967, of Venice and Padua since 2000, and he received his doctorate in law from prior to this at the CUOA Business the University of Vienna. After work- School. Loriana Pelizzon received sev- ing as assistant to Professor Kurt W. eral awards, for example, for the Most Rothschild at the Economics Depart- Significant Paper published in the Jour- ment of the University of Linz, Austria, nal of Financial Intermediation 2008: from 1968 to 1973, Ewald Nowotny Credit Derivatives, Capital Requirements received his postdoctoral qualification and Opaque OTC Markets, the Best Sym- (Habilitation) in General Economics posium Paper Award at EFA 2005, Best and Public Economics in 1973 and sub- Paper at FMA 2005; Best Teacher sequently held research tenures and Award premi per la qualita’ della didat- professorships at Harvard University, tica, Facolta’ di Economia 2005/06 and Technische Universität Darmstadt, 2006/07). Her research interests in- Germany, and the University of Linz, clude risk management and capital re- Austria. From 1981 to 2008 Ewald quirements, credit derivatives, credit Nowotny served as Full Professor at the risk, systemic risk, financial crisis and Vienna University of Economics and contagion to name but a few. Business, where he also held the posi- tion of Vice Rector from 2003 to 2004. In 2008, Ewald Nowotny received a honorary doctorate in Social and Eco- nomic Sciences from Alpen-Adria Uni- versität Klagenfurt, Austria. Ewald No- wotny has published numerous articles in refereed journals. He is also the au- thor or coauthor of nine books; the fifth edition of his internationally re- nowned textbook Der öffentliche Sektor – Einführung in die Finanzwissenschaft was published in 2008. Ewald Nowotny was an elected Member of the Austrian Parliament from 1979 to 1999 and served as chairman of the parliamen- Peter Praet tary Finance Committee from 1985 to In 2011, Peter Praet joined the Euro- 1999. Ewald Nowotny is married and pean Central Bank as Member of the has a son. Executive Board. He is responsible for economics, human resources, budget, Loriana Pelizzon organization and Target2-Securities. Loriana Pelizzon is an Associate Profes- Before joining the ECB, Peter Praet sor at the University of Venice (De- was Executive Director of the National partment of Economics). Prior to this Bank of Belgium between 2000 and engagement, she worked as Assistant 2011. He was responsible for interna- Professor at the University of Venice tional cooperation, financial stability (2004–2005) and at the University of and oversight of financial infrastruc- Padua (2000–2004). She earned her tures and payments systems. Between Ph. D. in Finance from the London 2002 and 2011, he was also Member of Business School in 2002. She has been the Management Committee of the

40th ECONOMICS CONFERENCE 2012 167 Contributors

Belgian Banking, Finance and Insur- tlements. Also, he was chairing the ance Commission (CBFA), where he Banking Supervision Committee of the was responsible for prudential policy European System of Central Banks, as for banking and insurance. Mr. Praet well as a number of task forces and served as Chief of Cabinet for the Bel- working groups, including recently the gian Minister of Finance from 1999 to Working group on Fixed Income Strat- 2000, as Chief Economist of Générale egies of insurance firms and pension de Banque and Fortis Bank from 1988 funds of the Committee on the Global to 1999, as Professor of economics at Financial System and the Research Task the Université Libre de Bruxelles from Force of the Basel Committee on Bank- 1980 to 1987, and as Economist at the ing Supervision. Mr. Praet was a Mem- International Monetary Fund from ber of the Board of the European think 1978 to 1980. tank BRUEGEL (Brussels European Global Economic Laboratory) between 2004 and 2011 and is a Member of the International Advisory Council of the International Centre for Financial Reg- ulation (ICFR). Klaus Regling Klaus Regling has been the CEO of the European Financial Stability Facility (EFSF), based in Luxembourg since July 1, 2010. He has worked for 35 years as an economist in senior positions in the public and the private sector in Europe, Asia and the U.S.A., including a decade with the IMF in Washington and Jakarta and a decade with the Ger- man Ministry of Finance where he pre- pared Economic and Monetary Union Mr. Praet earned a Ph. D. in eco- in Europe. From 2001 to 2008, he was nomics from the Université Libre de Director General for Economic and Bruxelles in 1980. He taught Money Financial Affairs of the European Com- and Banking at the Université Libre de mission. During 2008–2009, he spent Bruxelles, and he held the Chair of a year at the Lee Kuan Yew School of Business Ethics at the Faculté polytech- Public Policy in Singapore where he re- nique and the Solvay Business School of searched financial and monetary inte- the Université Libre de Bruxelles. Mr. gration in Asia. Subsequently, he opened Praet served on several high-level in- an economic and financial consultancy ternational committees, including the in Brussels. Previously, Klaus Regling Basel Committee on Banking Supervi- had gained experience in the private sec- sion, the Committee on Payment and tor as Managing Director of the Moore Settlement Systems, the Committee on Capital Strategy Group in London the Global Financial System, and the (1999–2001) and as an economist with European Banking Authority. He was the German Bankers’ Association. Mr. First Alternate of the Board of Direc- Regling studied economics at the Uni- tors of the Bank for International Set- versities of Hamburg and Regensburg.

168 40th ECONOMICS CONFERENCE 2012 Contributors

Albrecht Ritschl has written or edited seven books, and Albrecht Ritschl earned his doctorate has published extensively in the area of at the Ludwig-Maximilians-Universität international finance and macroeco- in Munich, where he continued to work nomics. He appears regularly in the as a DFG research fellow until 1994. press, and is a regular consultant of Between 1994 and 2007, he held pro- corporations and International Organi- fessorships at the Universitat Pompeu zations. In 2005, the World Economic Fabra of Barcelona, the University of Forum of Davos selected him as Young Zurich and the Humboldt University of Global Leader. Berlin. Since 2007, Albrecht Ritschl has been holding the position of a Professor Martin Summer at the London School of Economics in the Martin Summer is Head of the Eco- History Department. His main research nomic Studies Division at the Oester- area has been the Great Depression of reichische Nationalbank (OeNB). Be- the inter-war years. He has worked ex- fore joining the OeNB in 2000, he tensively on Germany’s macroeconomic worked as a lecturer at the University performance during that period, in- of Vienna, the University of Birming- cluding the reparation conflict and the ham and the University of Regensburg. German debt default. More recently his He also worked as a visiting researcher work has moved into US monetary and at the Bank of England and the Finan- labor policies during that period. Other cial Markets Group of the London areas of interest include measurement School of Economics in 2004. His re- and analysis of historical business cycles search interests are banking regulation and their propagation. Mr. Ritschl has and systemic risk, financial stability published extensively on economic his- and financial economics. tory and he has also written for main- stream press, radio and TV. Jakob von Weizsäcker Jakob von Weizsäcker heads the Depart- Federico Sturzenegger ment for Economic Policy and Tourism Currently President of Banco Ciudad at the Thuringian Economics Ministry de Buenos Aires and Professor at Uni- in Erfurt and is a non-resident fellow at versidad Torcuato Di Tella. He holds a Bruegel where he was resident fellow Ph. D. in economics from MIT (1991), from 2005 to 2010. He previously was Assistant Professor of Economics worked at the World Bank in Washing- at University of California (UCLA) ton (2002–2005) where he was coun- (1991–1995), Chief Economist of YPF try economist for Tajikistan and the (1995–1998), Dean of the Business Federal Economics Ministry in Berlin School at Di Tella (1998–2000/2002– (2001–2002) where he headed the of- 2005), Secretary of Economic Policy of fice of a junior minister. Before that he the Republic of Argentina (2001), and worked for Vesta, a venture capital Visiting Professor of Public Policy at firm, and held research positions at the the Kennedy School of Government, Center for Economic Studies in Munich Harvard University (2005–2007). He and CIRED in Paris.

40th ECONOMICS CONFERENCE 2012 169