Professor of Economics and Associate-Director of ESRC Centre for the Study of Globalisation and Regionalisation at the University of Warwick. Currently holder of a three-year ESRC Professorial Fellowship to study debt, development and the global economy, he is Research Fellow at CEPR, London, visiting Fellow at IIE, Washington, and gives lectures on the Global Economic System at LSE. Educated at Oxford University (PPE) and Yale University (Ph.D), his previous academic career includes posts at the London School of Economics and Manchester University, with visiting positions at Chicago University Business School and Princeton University.

He has worked as an Economist at the Bank of England (and later held a Houblon-Norman Fellowship there); acted as advisor to the Treasury Committee of the House of Commons; was Member and Chair of Academic Panel of the Treasury and was joint director of International Macroeconomics Programme at CEPR from1986 to 1991. Over the years he has been visiting fellow/economic consultant at the OECD, TACIS (Technical Assistance to the CIS, on Macroeconomic Policy in the Ukraine), IMF, World Bank, ECB; and recently at the Inter-American Development Bank.

Contributing editor to Exchange Rate Targets and Currency Bands (with Paul Krugman), CUP (1992) and the Asian Financial Crisis (with P. Agenor et al.), CUP (1999), among others. Recent co-authored papers include “Moral Hazard and the US Stock Market: Analysing the ‘Greenspan Put’” and “Creditor co-ordination, moral hazard and sovereign bankruptcy procedures” in The Economic Journal; and “Debt Restructuring and Economic Recovery: Analysing the Argentine Swap” in The World Economy.

Current research involves game theory applied to debt restructuring, law and economics, and simple general equilibrium models of capital flows.