György Szapáry [email protected]

Education 1957-61: MA in economics, University of Louvain, Belgium 1966: Ph.D. in economics, University of Louvain.

Work 1962 - 64: Research assistant at the University of Louvain 1965 - 66: EC Commission in Brussels. December 1966- August 1993: International Monetary Fund (IMF), Washington, DC. Last position: Assistant Director April 1990 - August 1993 Senior IMF Resident Representative in Hungary Sept. 1993 - 99 Deputy Governor of the National Bank of Hungary and member of the Monetary Council. Sept. 1999 – February 2001 Advisor to the President of the National Bank of Hungary. February 2001 – February 2007 Deputy Governor of the National Bank of Hungary and member of the Monetary Council.

Other functions 1994 - 95: Alternate Governor for the European Bank for Reconstruction and Development 1993-2001 President of the Board of Directors, International Training Centre for Bankers, Budapest 1997-2001 Member of the Board, Budapest Commodity Exchange 1997-2001 Member of the Pensions Council, Budapest 1995 - 99: President of the Foundation for Enterprise Promotion of the Province of Jász-Nagykun-Szolnok, Hungary Since 1999: Member of the Advisory Council, European Studies Foundation (Europe 2002), Budapest Since 2001 Member of the Euro 50 Group Since 2006: Member of the Gyula Andrássy Foundation, Budapest May 2004 – February 2007 Member of the Economic and Financial Committee of the European Commission and of the European Central Bank’s International Relations Committee. August 2004 – February 2007 Member of the Hungarian Economic and Social Council (a consultative body of the Hungarian Government) Since March Member of the Supervisory Board and Audit Committee of T-Com Hungary Member of a steering group on public finances, EC Commission, Brussels

Awards Sándor Popovics Award in recognition for outstanding contribution in the field of banking and monetary policy.

Selected Publications

G. Szapáry, cc -Etats-Unis, 1899- 1962 , Neuwelarts, Paris and Brussels, 1965, Book R.J. Bhatia, B. Quinn, G. Szapáry: ”Stabilization Program in Sierra Leone”, IMF Staff Papers, Washington, D.C., Sept. 1969 M.I. Blejer and G. Szapáry, ”The 'Gulliver Effect' and the 'Optimal Divergence' Approach to Trade Policies: The Case of Nepal”, World Development, Vol.19, pp. 255-262, 1991 M.I. Blejer and G. Szapáry, ”The Evolving Role of Tax Policy in China”, Journal of Comparative Economics”, pp. 452-472, September, 1990 M.I. Blejer, D. Burton, S. Dunaway and G. Szapáry: ”China: Economic Reform and Macroeconomic Management” I.M.F., Occasional Paper 76, Washington, D.C., January 1991 G. Szapáry: ”Transition Issues: A Case Study of Hungary”, IMF DM/92/3, Washington D.C., October, 1992. G. Szapáry: ”Transition Issues as Seen Through the Experience of Hungary: There is No Cookbook to Go By”, in The Political Economy of the Transition Process in Eastern Europe, edited by László Somogyi, Edward Elgar, England, 1993. G. Szapáry: ”The National Bank of Hungary: From Cradle to Adulthood whilst Striving for Independence” In: Rebuilding the Financial System in Central and Eastern Europe, 1918-1994. Ed. by Ph. L. Cottrell. - Aldershot, Hants; Brookfield: Scolar Press; Ashgate Publ. 1997., pp.17-27. C. Cottarelli and G. Szapáry, editors, “Moderate Inflation: The Experience of Transition Economies”, Proceedings of a seminar held in Budapest, Hungary June 3, 1997, Washington D.C.: IMF; NBH, 1998. . G. Szapáry and Z. M. Jakab: „Exchange Rate Policy in Transition Economies: The Case of Hungary”, Journal of Comparative Economics 26, Article No. JE981560, Academic Press, pp. 691-717. G. Szapáry: “What Impact will the Euro Have on the Candidate Countries of Central and Eastern Europe?”, The Euro-Zone: A New Economic Entity?, Bruylant, Bruxelles, 1999, pp.117-121. G. Szapáry: “Central European Reaction to the Financial Crises”, The Management of Global Financial Markets, FONDAD, The Hauge, 2000, pp. 142-156. G. Szapáry: “Is There a Good Defence for Emerging Markets Against Volatile Capital Flows?”, Materie, Gesit und Bewusstsein, Europäisches Forum Alpbach 1999, 2000, pp. 414-422. Zs. Darvas and G. Szapáry: “Financial Contagion in Five Small Open Economies: Does the Exchange Rate Regime Really Matter?”, International Finance, 3:1, 2000, pp. 25-51. G. P. Kiss and G. Szapáry: “Fiscal Adjustment in the Transition Process: Hungary during 1990-1999, Post-Soviet Geography and Economics, 2000, 41, No. 4, pp. 233- 264. G. Szapáry: “Maastricht and the Choice of Exchange Rate Regime in Transition Countries During the Run-Up to EMU”, NBH Working Papers No. 2000/7 G. Szapáry: “Banking Sector Reform in Hungary: What Have We Learned and What are the Prospect?”, Comparative Economic Studies, XLIV, No. 2., Summer 2002, pp. 103-124. G. Szapáry: „Is Maastricht too tough?”, Central Banking, Volume XIII., Number 1, August, 2002, pp. 75-91. G. Szapáry: „From Price Liberalization to Adopting the Euro: the Hungarian Way”, in Strategic Perspectives on The Euro, EU Enlargement and the Challenge of Risk Mitigation, Third volume on the Edmond Israel Foundation’s series, Capital Markets without Borders, pp. 117-123. G. Szapáry and J. von Hagen, editors, “Monetary Strategies for Joining the Euro”, Proceedings of a seminar held in Budapest, Hungary February 27-28, 2003 published by Edward Elgar Publishing Ltd. Zs. Darvas and G. Szapáry: “Business Cycle Synchronization in the Enlarged EU: Comovements in the New and Old Members, CEPR Discussion Paper No. 5179, and Open Economies Review, 2007 G. Orbán and G. Szapáry: “The Stability and Growth Pact From the Perspective of the New Member States”, Journal of Policy Modeling, Vol. 26 Issue 7 (2004), pp. 839- 864. Zs. Darvas, A. K. Rose and Gy. Szapáry: “Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic”, NBER International Seminar on Macroeconomics 2005, eds J.A. Frankel and C.A. Pissarides, MIT Press. G. Szapáry: Comments on “The Maastricht Criteria on Price and Exchange Rate Stability and ERM II” in Euro Adoption in Central and Eastern Europe , ed. Susan Schadler, IMF 2005, pp. 142-146. G. Szapáry: Comments on “Inflation Differentials in EMU: the Spanish Case” in Modena y Crédito, El futuro de la Unión Europea Ampliada, 2005