Contributors

VOWI_Tagung _2013.indb 212 25.11.13 13:22 Katrin Assenmacher numerous academic institutions, in- Katrin Assenmacher has been head of cluding the University of Konstanz, the the Monetary Policy Analysis Unit at University of Zurich, the University of the Schweizerische Nationalbank since California at Los Angeles, the Free 2010. She joined the Schweizerische University in Berlin, Humboldt Uni- Nationalbank as a Senior Economist in versity at Berlin, and the research 2004 after having worked as an assis- department of the Schweizerische tant professor at the University of Nationalbank, and served as an advisor Bonn. In 2012, she was appointed to to the Schweizerische Nationalbank. the Research Advisory Committee of He was president of the Federal Com- the Czech National Bank. In the course mission on Economic Affairs (advisory of her research, she was a visiting commission to the Swiss Federal Gov- scholar at the Federal Reserve Bank of ernment) and a member of the Re- St. Louis, the Oesterreichische National- search Council of the Swiss National bank, the ECB and the Universities of Science Foundation and of the Euro- Copenhagen and Southern California. pean Science Foundation. He has also Her professional interest lies in mone- served as an editor and a member of the tary policy and time-series economet- editorial board of several academic rics. She published several articles in journals, including the Journal of international academic journals on Money, Credit, and Banking, the Jour- modeling the role of money in the in- nal of Banking and Finance, the Swiss flation process, analyzing business cy- Journal of Economics and Statistics, cle indices, and estimating central bank and Open Economies Review. His re- reaction functions. Katrin Assen- search interests include monetary the- macher holds a doctorate and a diploma ory and policy, macroeconomics, and in economics from the University of banking and financial markets. Bonn, where she also wrote her habili- tation. She lectured at the University of Forrest Capie Bern and currently teaches at the Uni- Forrest Capie is Professor Emeritus of versity of Zurich. Economic History at the Cass Business School City University, London. After Ernst Baltensperger a doctorate at the London School of Ernst Baltensperger is Professor Emeri- Economics (LSE) and a teaching fel- tus of Macroeconomics at the Univer- lowship there, he taught at the Univer- sity of Bern and advisor at the study sity of Warwick and the University of center Gerzensee of the Schweizerische Leeds. He was a British Academy Fel- Nationalbank, where he served as a low at the National Bureau in New York member of the foundation board and as and a Visiting Professor at the Univer- director. He studied economics at the sity of Aix-Marseille, and the LSE, and University of Zurich and received his a Visiting Scholar at the IMF. He was Ph. D. in economics from Johns Hop- Head of the Department of Banking kins University. He held previous posi- and Finance at City University from tions as professor of economics at Ohio 1989 to 1992; editor of the Economic State University (1968–1979), the Uni- History Review from 1993 to 1999; a versity of Heidelberg (1979–1982) and member of the Academic Advisory the University of St. Gallen (1981– Council of the Institute of Economic 1984). He joined the University of Bern Affairs in London (2000–), and an ad- in 1984. He was a visiting professor in visor to the Shadow Chancellor of the

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Exchequer (1997–2004). He has writ- articles and books on economic policy, ten widely on the history of money and the international monetary system and banking and on commercial policy. He the economics of European integration, recently completed the commissioned including Dealing with the New Gi- history of the Bank of England (Cam- ants: Rethinking the Role of Pension bridge University Press, 2010). His lat- Funds (CEPR, 2006, with Tito Boeri, est book Money over Two Centuries Lans Bovenberg and Andrew Roberts) was published by Oxford University and Economic Policy: Theory and Prac- Press in 2012. He is currently advisor tice (Oxford University Press, 2010, to the UK’s Parliamentary Commission with Agnès Bénassy-Quéré, Pierre Jac- on Banking following the recent global quet and Jean Pisani-Ferry). financial crisis. Maria Fekter Benoît Coeuré Maria Fekter is the Austrian Minister Benoît Coeuré has been a member of of Finance; between 2008 and 2011 she the Executive Board of the European was Minister of the Interior. She started Central Bank since 1 January 2012. He her political career as a Member of Par- is responsible for Market Operations, liament of the Austrian People’s Party Research, and Payments and Market in 1990, also in 1990 she became Infrastructure. Prior to joining the Secretary of State at the Ministry of ECB, he served in various policy posi- Economy. Between 1994 and 2008, she tions at the French Treasury. He was held several positions in various institu- the Deputy Chief Executive, then Chief tions i. e., Member of the Economics Executive, of the French debt manage- and Employment Commission of the ment office, Agence France Trésor, be- European Union of Women, Vice- tween 2002 and 2007. From 2007 to Chairwoman of the Upper Austrian 2009, he was France’s Assistant Secre- People’s Party, Chairwoman of the Par- tary for Multilateral Affairs, Trade and liamentary Committee of the Judiciary, Development, co-chair of the Paris Chairwoman of the Economics and Club and G8 and G20 Finance Sous- Employment Commission of the Euro- Sherpa for France. From 2009 to 2011, pean Union of Women. Maria Fekter he was Deputy Director General and was elected by the National Council Chief Economist of the French Trea- Ombudsman (Volksanwältin, 2007– sury. Mr. Coeuré co-chaired the G20 2008). Ms. Fekter holds a doctor in le- working group on reforming the World gal studies from the Johannes Kepler Bank and the other multilateral devel- Univesity Linz and a MA in Business opment banks in 2009, and the G20 Administration. sub-working group on global liquidity management in 2011. Mr. Coeuré is a Ernest Gnan graduate of the École Polytechnique in Ernest Gnan has been Head of the Eco- Paris. He holds an advanced degree in nomic Analysis Division of the Oester- statistics and economic policy from the reichische Nationalbank in Vienna since École Nationale de la Statistique et de 1999. He is a member of the European l’administration économique (ENSAE) Central Bank’s Monetary Policy Com- and a B. A. in Japanese. He has taught mittee, and is also an adjunct professor international economics and economic at Webster University in Vienna, teach- policy at the École Polytechnique and at ing courses on economic analysis. Dur- Sciences Po in Paris. He has authored ing 1998, Ernest Gnan served as dep-

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uty head of the Foreign Research Divi- land, 2002–2004, and numerous other sion of the Oesterreichische National- studies relating to financial markets bank, and from 1995 to 1997, as an and to monetary policy and history. His economist in the Secretariat of the For- latest books include The Basel Com- eign-Exchange Policy Sub-Committee mittee on Banking Supervision: A His- at the European Monetary Institute (a tory of the Early Years, 1974–1997, forerunner of the European Central (2011), and The Regulatory Response Bank). He is a former national expert in to the Financial Crisis, (2009). the Directorate General for Monetary and Financial Affairs at the European Andreas Ittner Commission in Brussels, and a former Andreas Ittner is a Member of the Gov- investment fund manager at Genos- erning Board of the Oesterreichische senschaftliche Zentralbank in Vienna. Nationalbank (OeNB). He studied Ernest Gnan received a master’s degree economics and social sciences at the in commercial sciences and a Ph. D. in Vienna University of Economics and economics at the University of Eco- Business Administration between 1976 nomics and Business Administration in and 1980. Mr. Ittner started his profes- Vienna. sional career with the Ittner retail busi- ness in Vienna in 1978. In 1983, he Charles Goodhart joined the OeNB and began to work in Charles Goodhart, is Emeritus Profes- the Banking Analysis and Credit Super- sor of Banking and Finance with the Fi- vision Office. In 1997, he became Head nancial Markets Group at the London of the Secretariat for the President in School of Economics, having previ- the OeNB and in 1987, Andreas Ittner ously, 1987–2005, been its Deputy Di- was appointed Director of the Financial rector. Until his retirement in 2002, he Stability and Bank Inspections Depart- had been the Norman Sosnow Profes- ment of the OeNB. Mr. Ittner is among sor of Banking and Finance at LSE since other engagements an Acting Member 1985. Before then, he had worked at of the Banking Supervision Committee the Bank of England for 17 years as a of the ESCB, Vice President of the Cen- monetary adviser, becoming a Chief tre for Secure Information Technology, Adviser in 1980. In 1997 he was ap- Member of the Supervisory Board of pointed one of the outside independent the Austrian Financial Market Author- members of the Bank of England’s new ity as well as Member of the Financial Monetary Policy Committee until May Market Committee established under 2000. Earlier, he had taught at Cam- the Austrian Banking Supervision Act. bridge and LSE. Besides numerous ar- ticles, he has written a couple of books Harold James on monetary history; a graduate mone- Harold James is Professor of History tary textbook, Money, Information and and International Affairs and the Claude Uncertainty (2nd Edition 1989); two and Lore Kelly Professor of European collections of papers on monetary pol- Studies at Princeton University. He icy, Monetary Theory and Practice was educated at Cambridge University (1984) and The Central Bank and The and was a Fellow of Peterhouse for Financial System (1995); and a number eight years before coming to Princeton of books and articles on Financial Sta- University in 1986. His books include a bility, on which subject he was Adviser study of the interwar depression in to the Governor of the Bank of Eng- Germany, The German Slump (1986);

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an analysis of the changing character of OeNB as Head of the OeNB’s Eco- national identity in Germany, A Ger- nomic Analysis Division. In 1999, he man Identity 1770–1990 (1989); and was promoted to Director of the Eco- International Monetary Cooperation nomic Analysis and Research Depart- Since Bretton Woods (1996). He was ment. Peter Moos lechner represents also co-author of a history of Deutsche the OeNB in numerous national and in- Bank (1995), which won the Financial ternational bodies (e.g. on the Board of Times Global Business Book Award in the Austrian Economic Association 1996. More recently he has written (NOeG) and in the International Rela- The End of Globalization: Lessons tions Committee (IRC) of the ECB). from the Great Depression (2001) and Peter Mooslechner has taught econom- Europe Reborn: A History 1914–2000 ics at a number of Austrian universities (2003); Family Capitalism (2006); The (Linz, Innsbruck, Salzburg and Vienna Roman Predicament: How the Rules of University of Economics and Business) International Order Create the Politics and has published extensively on a of Empire (2006); and The Creation broad spectrum of economic policy is- and Destruction of Value: The Global- sues. His recent research has dealt with ization Cycle (2009). His study Making microeconomic aspects of household the European Monetary Union has wealth and debt, economic policy dur- been published by Harvard University ing the financial crisis and monetary Press in the fall of 2012. In 2004, he and exchange rate policy in Eastern and was awarded the Helmut Schmidt Prize Southeastern Europe. for Economic History, and in 2005 the Ludwig Erhard Prize for writing about Ewald Nowotny economics. His current work is con- Ewald Nowotny is the Governor of the cerned with the history of European Oesterreichische Nationalbank (OeNB) monetary union. He is Director of the and a Member of the Governing Coun- Center for European Politics and Soci- cil of the European Central Bank ety at Princeton. He is also Marie Curie (ECB). Before taking on his current Visiting Professor at the European Uni- position in September 2008, Ewald versity Institute, and writes a monthly Nowotny held a number of high-level column for Project Syndicate. positions in financial institutions. He was CEO of the Austrian BAWAG Peter Mooslechner P.S.K. banking group from 2006 to Peter Mooslechner became a member 2007, served as Vice President and of the Governing Board of the Oester- Member of the Executive Board of the reichische Nationalbank on May 1, European Investment Bank (EIB) in 2013. He studied economics at the Luxembourg from 1999 to 2003 and Johannes Kepler University Linz (JKU), between 1971 and 1979, he was a mem- where he also received his doctoral de- ber and then President of the Govern- gree in 1981. After having worked at ing Board of Österreichische Postspar- the JKU’s In stitute of Public Finance, kasse (P.S.K.). Moreover, from 1992 to Peter Moos lechner held a research posi- 2008 Ewald Nowotny served as mem- tion at the Austrian Institute of Eco- ber of the supervisory board of several nomic Research (WIFO) from 1981 to banks and corporations and was a mem- 1996, exploring currency-, balance of ber of the OeNB’s General Council payments- and money and credit-re- from 2007 to 2008. Ewald Nowotny lated topics. In 1996, he joined the was born in Vienna, , in 1944.

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He studied law and government sci- the European Systemic Risk Board, he ences at the University of Vienna and was elected a member of its first Steer- economics at the Institute of Advanced ing Committee. Earlier, he had served Studies in Vienna. In 1967, he received as Senior Adviser at the Federal Re- his doctorate in law from the Univer- serve Board, where he had started sity of Vienna. After working as assis- his career following the completion tant to Professor Kurt W. Rothschild at of a Ph. D. degree in economics at the Economics Department of the Uni- MIT. Since last year he has returned to versity of Linz, Austria, from 1968 to MIT where he is currently teaching at 1973, Ewald Nowotny received his the Sloan School of Management. Mr. postdoctoral qualification (Habilita- Orphanides has written extensively on tion) in General Economics and Public monetary policy and central banking. Economics in 1973 and subsequently He is co-editor (with Mike Bordo) of held research tenures and professor- the National Bureau of Economics Re- ships at Harvard University, Technische search volume The Great Inflation: The Universität Darmstadt, Germany, and Rebirth of Modern Central Banking, the University of Linz, Austria. From University of Chicago Press, 2013. 1981 to 2008 Ewald Nowotny served as Full Professor at the Vienna University Xavier Ragot of Economics and Business, where he Xavier Ragot has been working as an also held the position of Vice Rector Associate Professor at the Paris School from 2003 to 2004. In 2008, Ewald of Economics since 2006 and as a Se- Nowotny received a honorary doctor- nior Economist at Banque de France ate in Social and Economic Sciences since 2008. He studied economics at from Alpen-Adria Universität Klagen- the University Paris X – EHESS, École furt, Austria. Ewald Nowotny has pub- Polytechnique, between 1993 and 1996 lished numerous articles in refereed and holds a Ph. D. in economics since journals. He is also the author or coau- 2001. Afterwards, he spent two years thor of nine books; the fifth edition of as post-doctoral research fellow at the his internationally renowned textbook MIT Department of Economics. In Der öffentliche Sektor – Einführung in 2002, Xavier Ragot started his career die Finanzwissenschaft was published as Chargé de Recherche at the National in 2008. Ewald Nowotny was an Center of Scientific Research (CNRS). elected member of the Austrian Parlia- Subsequently, he worked as Economic ment from 1979 to 1999 and served as Advisor at Compagnie de Saint-Gobain chairman of the parliamentary Finance and as Chief Economist at the Agency Committee from 1985 to 1999. Ewald for Industrial Innovation. His research Nowotny is married and has a son. interests include monetary economics, macrofinance and the macroeconomy Athanasios Orphanides of incomplete markets. Athanasios Orphanides served a five- year term as Governor of the Central Bank of Cyprus from 3 May 2007 to 2 Andreas Schieder, born 1969, studied May 2012. After the introduction of economics at the University of Vienna. the euro in Cyprus on 1 January 2008, In his early career he was vice president he also served as a member of the Gov- of the International Union of Socialist erning Council of the European Cen- Youth (1994–1997) and then President tral Bank and, following the creation of of the European Young Socialists

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(1997–1999). In 1997, he became served at the Ministry of Finance in the member of the Municipal Council of Netherlands. He was a member of the Vienna and City Councillor. Before be- European Banking Committee as well coming spokesperson on foreign affairs as the Financial Services Committee of for the for the SPOE (2007–2008), the European Union. In the 1990s, he Andreas Schieder held positions as served at the Bank of England and was a chair of the European Affairs Commit- Visiting Scholar at the IMF, OECD and tee in Vienna, chair of the Vienna Com- the European Commission. mittee on Urban Planning and Traffic, alternate Member of the EU-Commit- Martin Summer tee of the Regions, PES-coordinator of Martin Summer is Head of the Eco- the DG RELEX (former Directorate nomic Studies Division at the Oester- General of the European Commission reichische Nationalbank (OeNB). Be- for external relations), member of the fore joining the OeNB in 2000, he EU-committee of the regions (CoR). worked as a lecturer at the University Between 2007 and 2008, he was mem- of Vienna, the University of Birming- ber of the Parliamentarian Assembly ham and the University of Regensburg. of the Council of Europe and chairman He also worked as a visiting researcher of the Parliamentarian Committee on at the Bank of England and the Finan- Foreign Affairs. In a period between cial Markets Group of the London 2006 and 2008, Andreas Schieder was School of Economics in 2004. His re- a member of the . search interests are banking regulation In July 2008, he became State Secre- and systemic risk, financial stability tary in the Federal Chancellery of Aus- and financial economics. tria and currently, he is State Secretary in the Federal Ministry of Finance. Stefano Ugolini Stefano Ugolini is Assistant Professor of Dirk Schoenmaker economics at the University of Tou- Dirk Schoenmaker is Dean of the louse (Institute of Political Studies and Duisenberg school of finance. He is LEREPS). He was educated at Scuola also a professor of Finance, Banking Normale Superiore, Pisa (MA modern and Insurance at the VU University history, 2004), Sciences Po, Paris (Ph. Amsterdam and a member of the Advi- D. international finance, 2009), and sory Scientific Committee of the Euro- the Graduate Institute of International pean Systemic Risk Board at the ECB. and Development Studies, Geneva He is a renowned expert in the areas of (Norges Bank post-doctoral fellowship, (inter)national banking, financial su- 2010). A specialist in monetary and fi- pervision and stability, and European nancial history, he has contributed to financial integration. He is author of the research projects of a number of Governance of International Banking: central banks (including the Federal The Financial Trilemma (Oxford Uni- Reserve, the Bank of France, and the versity Press) and co-author of the text- Bank of Norway); since 2013, he is in book Financial Markets and Institu- charge of the Historical Project of the tions: A European Perspective (Cam- Central Bank of Luxembourg. Stefano bridge University Press). He earned his Ugolini’s work has appeared in leading Ph. D. in economics at the London academic publications as well as the School of Economics. Before joining popular press. His research provides the Duisenberg school in 2009, he had long-term views on topical economic

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issues, including central banking, mon- search on issues pertaining to monetary etary policy, foreign exchange regimes, and financial stability. He has published financial crises, economic integration, both academic papers and shorter arti- market microstructure, and the micro- cles of interest to the serious press. As economics of banking. well, he regularly makes associated presentations, tailored to a wide variety William R. White of audiences, worldwide. William R. White is a Canadian econo- His website (www.williamwhite.ca) mist, born in Kenora, Ontario. He is brings together his recent contribu- currently Chairman of the Economic and tions. A career central banker, Mr. Development Review Committee of the White held the position of Chief Econ- OECD, which provides policy recom- omist at the Bank for International Set- mendations to members as well as other tlements (BIS) in Basel for 14 years, important countries in the global econ- heading one of the world’s most highly omy. Until last year, he was a member regarded teams of macro economists. of the Issing Committee, which advised They were prescient in predicting the Chancellor Merkel of Germany on mat- global financial and economic crisis and ters pertaining to international finan- identifying the role played by easy mon- cial stability. He has also been a fea- etary and credit conditions. Prior to tured speaker at numerous events orga- joining the BIS, White spent 22 years nized by the G20 on related topics. Mr. with the Bank of Canada, serving lat- White is on the Advisory Board of the terly as Deputy Governor. Mr. White’s Globalisation and Monetary Institute at early career was spent at the Bank of the Federal Reserve Bank of Dallas, as England, where he was an economist well as that of the Institute for New from 1969 to 1972. He received his Economic Thinking, recently estab- Ph. D. from the University of Manches- lished with the support of George ter in 1969, where he was supported by Soros. Mr. White continues to do re- a Commonwealth Scholarship.

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