Chapter

Contributors

Author(s):
Reda Cherif, Fuad Hasanov, and Min Zhu
Published Date:
April 2016
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Editors

Reda Cherif is an Economist at the IMF, at the Institute for Capacity Development. He previously worked in the Fiscal Affairs and the Middle-East and Central Asia Departments of the IMF. He has written and published papers on development economics, fiscal policy, and international trade. He holds a PhD in Economics from the University of Chicago and an MSc in Economics from the London School of Economics.

Fuad Hasanov is an Economist at the IMF and an Adjunct Professor of Economics at Georgetown University. He joined the IMF in 2007 and worked on Kazakhstan, Romania, Ukraine, Kuwait, Bahrain, and Oman, the IMF’s Fiscal Monitor publication, and economic training of staff and country officials. Before joining the IMF, Mr. Hasanov was an Assistant Professor of Economics at Oakland University in Rochester, Michigan in 2004–2007. He has written and published articles on consumption and saving, real estate returns, growth and inequality, fiscal policy and debt, and natural resources. He received a PhD, an MS, and a BA in Economics from the University of Texas at Austin.

Min Zhu assumed the position of Deputy Managing Director of the IMF on July 26, 2011. Previously he served as Special Advisor to the Managing Director of the IMF from May 3, 2010 to July 25, 2011. Mr. Zhu, a native of China, was a Deputy Governor of the People’s Bank of China. He was responsible for international affairs, policy research, and credit information. Prior to his service at China’s central bank, he held various positions at the Bank of China where he served as Group Executive Vice President, responsible for finance and treasury, risk management, internal control, legal and compliance, and strategy and research. Mr. Zhu also worked at the World Bank and taught economics at both Johns Hopkins University and Fudan University. Mr. Zhu received a PhD and an MA in Economics from Johns Hopkins University, an MPA from the Woodrow Wilson School of Public and International Affairs at Princeton University, and a BA in Economics from Fudan University.

Contributors

Philippe Aghion has been a Professor at College de France and at the London School of Economics since 2015. Previously, he was the Robert C. Waggoner Professor of Economics at Harvard University, and taught at the Massachusetts Institute of Technology, Nuffield College (Oxford), and University College London. He is a fellow of the Econometric Society and of the American Academy of Arts and Sciences. Mr. Aghion’s main research areas are growth economics and the theory of contracts and organizations. With Peter Howitt, he pioneered the so-called Schumpeterian Growth paradigm, which was subsequently used to analyze the design of growth policies and the role of the state in the growth process. He is managing editor of the journal The Economics of Transition, which he launched in 1992. He holds a PhD in Economics from Harvard University.

His Excellency Muhammad Al Jasser is a Minister at the Royal Court of Saudi Arabia. He was the Minister of Economy and Planning from 2011 to 2015, Governor of the Saudi Arabian Monetary Agency (SAMA) from 2009 to 2011, and Vice-Governor from 1995 to 2009. He held the position of the Saudi Executive Director at the IMF from 1988 to 1995. He started his career at the Ministry of Finance. He holds a PhD in Economics from the University of California.

Jose Miguel Benavente spent more than fifteen years as a Professor in the Department of Economics at the University of Chile, and is currently a Professor (on leave) at the Business School at the University Adolfo Ibanez. He is the Chief of the Competitiveness and Innovation Division at the Inter-American Development Bank. His areas of research include innovation, entrepreneurship, small- and medium-enterprise finance, and economic development, and he has many publications in these areas. He has been Vice President of the Chilean National Innovation Council for about ten years, and has been a consultant for the World Bank, the Organisation for Economic Co-operation and Development, and several Latin American governments. He is an industrial engineer and has a PhD in Economics from the University of Oxford.

Tim Callen is Assistant Director in the IMF’s Middle East and Central Asia Department. He is the IMF’s Mission Chief for Saudi Arabia and is the Chief of the Gulf Cooperation Council (GCC) Countries’ Division. In these roles, he is responsible for the IMF’s published reports on Saudi Arabia and the GCC. Mr. Callen joined the IMF in 1993, and has also worked in the Asia and Pacific, Communications, Research, and Western Hemisphere Departments. He was the IMF Mission Chief to Kazakhstan during 2008–09, led the production of the IMF’s World Economic Outlook publication from 2004 to 2007, and worked extensively on Japan, India, Korea, and Australia prior to these assignments. Before joining the IMF, he worked in the Economic Departments at the Bank of England and the Reserve Bank of Australia on monetary and economic forecasting issues, and at Hambros Bank, where he was responsible for bond and currency analysis for the G-7 countries. He holds a bachelor’s degree in Economics from the University of Essex and a master’s degree in Economics from the University of Warwick.

Bill Francis is the Bruggeman Professor of Finance at the Lally School of Management at Rensselaer Polytechnic Institute, a position he has held since 2005. He is also the Director of the PhD program and the head of the Finance and Accounting Department at the Lally School of Management. Professor Francis is the author of more than 60 articles and book chapters on financial markets, exchange rates, and managerial decision making. His work has been published in the top finance journals and he is on the editorial board of several finance journals. Prior to joining the Lally School of Management, he held appointments at the University of South Florida and at the University of North Carolina at Charlotte. Professor Francis holds a PhD in Financial Economics from the University of Toronto.

Iftekhar Hasan is the E. Gerald Corrigan Chair in International Business and Finance at Fordham University’s Gabelli School of Business and Co-director of the Center for Research in Contemporary Finance. Professor Hasan has served as a scientific advisor at the Central Bank of Finland. He is the managing editor of the Journal of Financial Stability. Professor Hasan’s research interests are in the areas of financial institutions, corporate finance, capital markets, and entrepreneurial finance, and he has published numerous articles and books on finance, economics, accounting, and management. He has consulted for international organizations, including the World Bank, the IMF, the United Nations, the Federal Reserve Bank of Atlanta, the Banque de France, and the Italian Deposit Insurance Corporation. He holds a PhD from the University of Houston.

Clement M. Henry is Visiting Research Professor at the Middle East Institute of the National University of Singapore and Emeritus Professor of Government and Middle East Studies from the University of Texas at Austin. From 2011 to 2014 he served as Chair of the Political Science Department at the American University of Cairo, where he had previously taught from 1969 to 1973. He has spent an additional five years of teaching and research in the Maghrib and written extensively on North African politics and political economy. In addition to collecting and editing the memoirs of former Algerian student leaders, his most recent research has focused on Islamic finance and the evolution of states and civil societies in the aftermath of the Arab uprisings. He holds a PhD in Political Science from Harvard University and an MBA from the University of Michigan.

Alfred Kammer is Deputy Director of the Strategy, Policy, and Review Department of the IMF, and oversees the work on strategy and surveillance. Previously, he was Deputy Director of the Middle East and Central Asia Department, overseeing regional economic developments and financial sector issues; Director of the Office of Technical Assistance Management, advising management on technical assistance operations and overseeing global partnerships for capacity building; and Advisor to the Deputy Managing Director, advising on a wide range of country, policy, and strategic issues. In the late 1990s, Mr. Kammer served as the IMF’s Resident Representative in Russia and was advisor to the First Deputy Chairman of the Central Bank of Russia. Since joining the IMF in 1992, Mr. Kammer has also worked on countries in Europe, central Asia, and Africa, and on a wide range of policy and strategic issues. He obtained his graduate degree in Economics from the State University of New York at Albany and postgraduate degrees from the Kiel Institute of World Economics in Germany and the University of Southern California in Los Angeles.

Huck-ju Kwon is a Professor at the Graduate School of Public Administration and Deputy Director of the Asia Development Institute at Seoul National University. He was Visiting Scholar at the Harvard-Yenching Institute, and worked as Director of the Global Research Network on Social Protection in East Asia, funded by the Korea Research Council (2010–2013). He is Co-Editor of Global Social Policy and has served as Vice-President of the RC19, International Sociological Association since 2010. He served on a number of government committees in the Republic of Korea, including the Ministerial Commission on the Civil Service Pension Reform. He holds a PhD in Politics from the University of Oxford.

Julio Ramundo has been the Managing Director at the Brazilian Development Bank (BNDES) since May 2011. Previously, he was a Deputy Managing Director in the Social Inclusion Division, responsible for operations with the public sector, urban infrastructure, sanitation, health, and education, as well as in the Industrial Division, responsible for operations in automotive, consumer goods, biofuels, trade and services, creative industries, and pharmaceuticals sectors. He was Executive Manager of the Trade and Services Department (2001–2002) and Head of the Electronic Industry Department (2003–2006), when he headed the redesign of the Bank’s operations in the software industry. He was the BNDES representative on a number of councils and interministerial groups in the areas of information technology and innovation. Over the past few years, Mr. Ramundo has been the Bank’s representative on several boards of directors and the Chairman of the Board of FAPES, BNDES’s Assistance Foundation and Social Security. He holds an MBA from the London Business School.

Ahmad Tajuddin Ali is Chairman of the UEM Group Berhad, a Malaysian infrastructure conglomerate involved in property development, toll highways ownership and operation, engineering and construction, asset and facilities management, and cement manufacturing. He also serves as the President of The Academy of Sciences Malaysia and Joint Chairman of the Malaysian Industry-Government Group for High Technology (MIGHT). He was Chairman of the Energy Commission until the end of March 2014. Earlier in his career, Dr. Tajuddin Ali served as the Director-General of Standards and Industrial Research Institute of Malaysia (SIRIM), and the Executive Chairman of Tenaga Nasional Berhad (TNB), Malaysia’s national power company. He holds degrees in Mechanical Engineering and a doctorate in Nuclear Engineering from the University of London.

Meredith Woo is the Director of the International Higher Education Support Program at the Open Society Foundation in London. She previously was a professor and the Buckner W. Clay Dean of Arts and Sciences at the University of Virginia. She also taught at the University of Michigan and Northwestern University, where she helped rebuild the Department of Political Science and co-founded the Center for International and Comparative Studies. An expert on international political economy and East Asian politics, she has written and edited seven books in these areas. She holds master’s and doctoral degrees in International Affairs, Latin American Studies, and Political Science from Columbia University.

Philip Yeo is Chairman of SPRING Singapore (Standards, Productivity, and Innovation for Growth), the Singaporean government’s development agency with the mission to enable growth of small and medium enterprises, and Chairman of EDIS, an economic development management services company, whose mission is to plan, develop, and manage overseas technology parks and eco-cities. He was Chairman of A*STAR, Agency for Science, Technology, and Research, from 2001 to 2007 and served as Chairman of the Economic Development Board from 1986 to 2006. He also served as a member of the United Nations Committee of Experts in Public Administration and a chairman on the boards of a number of private companies. Mr. Yeo was also Senior Advisor for Science and Technology to the Ministry of Trade and Industry and Special Adviser for Economic Development in the Prime Minister’s Office. He has a Master of Science degree in Systems Engineering from the University of Singapore and an MBA from Harvard University.

Yun Zhu is an Assistant Professor of Finance at St. John’s University, New York. He has research interests in corporate governance, political economy, financial intermediation, and international finance. His current research focuses on the relationship between political environment and firms’ investment and financing decisions at various political entities. His recent work has been published in leading finance journals. He received his PhD from Rensselaer Polytechnic University.

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