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Thorsten Beck Thorsten Beck Office Address: Home Address: Cass Business School 61B Belsize Park Gardens 106 Bunhill Row London, NW3 4JN London EC1Y 8TZ UK UK e-mail: [email protected] web: http://www.thorstenbeck.com Citizenship: German Date of Birth: November 19, 1967 Marital status: married to Fabiola Martinez, two sons (Carsten and Thomas) EDUCATION: Ph.D. in Economics, University of Virginia, 1999 Diplom in Economics (equivalent to M.A.), Universität Tübingen, Germany, 1995 Exchange student, University of Kansas, 1991 Exchange student, Universidad de Costa Rica, 1992 AREAS OF INTEREST: Corporate Finance Banking Access to Financial Services Financial Safety Net FELLOWSHIPS: Centre for Economic Policy Research, since 2009 Centre for Financial Studies, Frankfurt, since 2008 CESifo Research Network, since 2014 Centre for Finance, Credit and Macroeconomics, Nottingham, since 2011 Visiting Research Fellow, Hong Kong Institute for Monetary Research, 2011 EMPLOYMENT: 9/2013 - Cass Business School Full Professor, Faculty of Finance Teaching at MSc, MBA and PhD level Supervision of MSc, MBA and PhD theses 8/2008 – 8/2014 Tilburg University Full Professor, Department of Economics Chairman of Board, European Banking Center, 2008-13 Founding chairman of research center that combines over 30 researchers from Economics, Finance and Law departments of Tilburg University, 2008 – 2013 Lead researcher for DFID-funded research project on Finance and Productivity in Low-Income Countries, 2013-17 Lead researcher for EFSE Impact Study in Armenia, Montenegro and Serbia, 2013-15 Teaching at undergraduate, graduate and PhD level Supervision of MSc, research master and PhD theses 6/1997 – 7/2008 World Bank, Washington, D.C. Senior Economist (since July 2003), Development Research Group (2001 - 2008) Young Professional, 2nd assignment in the Finance Unit, Africa Region (2000/2001) Young Professional, 1st assignment in the Financial Sector Strategy and Policy Group (1999/2000) Consultant in the Development Research Group, Finance Team (1997-99) Supervised a team of research assistants Co-editor of Interest Bearing Notes newsletter, 2002 - 2008; PSD Blog author 2007/2008 Contributor to several Financial Sector Assessments, including Bolivia, Brazil, Cameron, Kenya, Madagascar, Malawi, Mozambique, Russia and Uganda, covering a wide range of topics (access to financial services, corporate sector, banking sector development, efficiency and stability, development finance institutions, financial safety net), 2000 -2007 Principal author of policy note on financial sector liberalization for the Prime Minister of Ethiopia, 2008 Deputy mission leader of Financial Sector Assessment in Malawi, 2007 Principal author of China Rural Finance Policy Note, presented in high-level workshop in Beijing in December 2006 Principal author of “Creating a More Efficient Financial System”, chapter 8 of Bangladesh: Strategy for Sustained Growth, The World Bank, 2006 Principal author of “ Finance for Growth – Making Uganda’s Financial System Work Harder for Economic Development”, chapter 7 in Uganda: Beyond Recovery, Country Economic Memorandum, 2006 Extensive financial sector work in Kenya, since 2003: participated in Financial Sector Assessment, contributor to Financial and Legal Sector Technical Assistance Project and Financial Sector Reform Project in Kenya, participated in on-going policy dialogue Principal author of “Does the Russian National Federation Need Deposit Insurance Russia?”, chapter 19 in: Building Trust: Developing the Russian Financial Sector, The World Bank, 2002 Extensive financial sector work in Brazil, 1999 – 2002: policy note on legal impediments to financial development and economic growth; contributor to two Programmatic Financial Sector Adjustment Loans, Access to Financial Services study and Financial Sector Assessment Advised Central Bank of Namibia on possible introduction of deposit insurance in 2003 Participated in assessment mission of banking and microfinance sector in Guinea, 2001 Task Team Leader for Implementation Completion Report for Private Sector Development Project in Rwanda, 2001 Contributed to preparation of Competitiveness and Enterprise Development Project in Rwanda, 2000 Participated in recruiting and mentoring programs of the World Bank CONSULTANCIES (since July 2008): World Bank/International Finance Corporation (selection): o Literature survey as background for IEG Study on financial inclusion; 2014 o Financial Sector Outlook for Western Balkans 2014 o Literature survey as background for IEG Study on SME Finance; 2013 o World Development Report 2014, Advisory Panel o Roadmap for regulatory reform in Uganda, 2012 o Study on housing finance across the world, 2012 o Study on access to mortgage credit vs. over-indebtedness of households in Central Europe, 2008/9 o Finance in Transition – background paper for Flagship report: Transition Turns Twenty, 2008/9 o Finance in Africa – Achievements and Challenges – Chapter in African Competitiveness Report, 2009 o Finance and Growth in Egypt – Special report for Egyptian authorities, 2011/12 GIZ (German government agency for development cooperation): . Making Finance Work for Africa update, lead author of joint project with World Bank and African Development Bank, 2008-2012 . Cross-Border Banking in Africa, 2012/13 European Commission: . Bailing out the banks: reconciling stability and competition (joint with Diane Coyle, Mathias Dewatripont, Xavier Freixas and Paul Seabright); policy report on state aid to financial institutions during crisis for DG Competition, 2009 . Survey on financial markets (joint with Elena Carletti and Itay Goldstein) for the COEURE Coordination Action, 2015 European Investment Bank Background paper for on Structural changes in European financial systems: The impact of the regulatory framework on investment in the European Union OECD: Contribution and presentation to Roundtable on Bank Competition and Financial Stability Bank Commission of Mexico: Access indicators; background work for Financial Access Report IMF: Paper for High-Level Seminar on Natural Resources, Development and Finance in Algiers, November 2010 Advisor for Board paper on Financial Development in Low-income Countries, 2011/12 FSD Kenya: FinAccess Survey 2009, analytical paper and presentation at launch event in Nairobi European Fund for South and East Europe Feasibility study for development impact research project, 2012 ODI Survey paper on Finance for Development: A Research Agenda, in context of DIFD- ESRC growth research programme, 2013 Rabo Development and FMO: Effectiveness Study NMB Tanzania and Zanaco, 2014 Asian Development Bank Financial Inclusion in Asia: An Overview, Background paper for Asian Development Outlook (joint with Meghana Ayyagari))2014/2015 German Federal Ministry for Economic Affairs and Energy: Capital market financing in Germany, 2015 eBay: Study on welfare enhancing nature of innovative financial technology, 2015 FSD Africa: Impact Evaluation with the Financial Sector Deepening Trusts, 2015 Department for International Development, UK Review paper on Finance, Institutions, and Development in context of Economic Development and Institutions (EDI) Research Programme, 2015 Dutch Ministry of Foreign Affairs: Evaluation of the Dutch Good Growth Fund, Team Leader, 2015-20 EDITORIAL RESPONSIBILITIES: Managing Editor, Economic Policy, since 2014 Co-Editor, Review of Finance, since 2015 Associate Editor, Review of Finance, 2014 Associate Editor, Journal of Financial Intermediation, since 2010 Advisory Board, Journal of Financial Stability, since 2010 Member of Editorial Board, World Bank Economic Review, 2012-2014 Panel member, Economic Policy, 2011/12 Special issue co-editor, Journal of Money Credit Banking, “Housing, Stability, and the Macroeconomy: International Perspectives”, forthcoming. Special issue co-editor, Journal of Money Credit Banking, “Post Crisis Banking”, April 2014 Special issue editor, Journal of Financial Stability, “Financial innovation, regulation and stability after the Global Financial Crisis”, 2014, vol. 10 Special issue co-editor, Journal of Economic Control and Dynamics, “The role of financial institutions in monetary policy transmission”, 2014, vol. 43 OTHER POSITIONS: Member of Advisory Panel on Evaluation at FMO, since 2013 Member of Task Force on Regulatory Standards for Financial Inclusion (funded by Gates Foundation and led by Liliana Rojas-Suarez and Stijn Claessens), 2014/15 Hague Institute for the Internationalization of Law, member of supervisory board, 2009- 2012 Dutch Competition Commission: Advisor on study on bank competition, 2013/14 Knowledge Platform, Dutch Ministry for Foreign Affairs, academic member, 2009-2011 Committee Member, Access to Finance Performance Based Grant Initiative, International Finance Corporation, since 2008 Jury member, G20 SME Finance Challenge, October 2010 COUNTRY EXPERIENCE: Europe and Central Asia: Armenia, Germany, Montenegro, Russia, Serbia Asia: Bangladesh, China, India Latin America: Bolivia, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru Africa: Cameroon, Egypt, Ethiopia, Guinea, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, Senegal, South Africa, Tunisia, Uganda TEACHING EXPERIENCE Cass Business School: Business Economics (Executive MBA); International Financial Management (MBA), Topics in Banking and International Finance (MSc) Tilburg University: International Finance (PhD level); Financial Markets and Institutions
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