Risk, Reform and Recovery in the Eurozone: A Conversation with Luis de Guindos
Economic Overview Series
In a catastrophic tail-risk event like the pandemic, the role of a central bank is vital to building the path to recovery. In Europe, unique challenges are being faced by banking and non-banking financial sectors alike. What kind of decisions and policy changes are needed to allow Spain and its neighbors to emerge from the crisis stronger, more united, and better prepared for the future?
In this session, Luis de Guindos, Vice-President of the European Central Bank, will join Prof. Xavier Vives to examine the current economic outlook in both Spain and in Europe and explore ways to mitigate risk in the financial system and foster a more even recovery across sectors in the eurozone.
Luis de Guindos, Vice-President, European Central Bank
Prof. Xavier Vives, Economics, IESE Business School
Holder, Abertis Chair of Regulation, Competition and Public Policy / Academic Director, Public-Private Sector Research Center (SP-SP)Xavier Vives is professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy, and academic director of the Public-Private Research Center at IESE Business School. He holds a Ph.D. in Economics from UC Berkeley.<P>He is Research Fellow of CESifo, and was member of its European Economic Advisory Group from 2001 to 2011. Research Fellow of the Center for Economic Policy Research, where he served as Director of the Industrial Organization Program in 1991-1997. Fellow of the Econometric Society since 1992 and elected member of its Council in 2006-2008; of the European Economic Association since 2004 and elected member of its Council 1991-1995; and Research Associate of the European Corporate Governance Institute. He is a member of the Advisory Board for Economic Recovery of the Government of Catalonia and in 2011 he was appointed Special Advisor to the Vicepresident of the European Commission and Commissioner for Competition, Mr Joaquín Almunia.<P>From 2001 to 2005 he was Professor of Economics and Finance and The Portuguese Council Chaired Professor of European Studies at INSEAD, and from 1991 to 2001, Director of the Institut d'Anàlisi Econòmica, CSIC. He has taught at Harvard University, Universitat Autònoma de Barcelona, Universitat Pompeu Fabra, the University of California at Berkeley, the University of Pennsylvania, and New York University (King Juan Carlos I Chair). From 2003 until 2013, he was member of the Economic Advisory Group on Competition Policy at the European Commission.<P>His fields of interest are industrial organization and regulation, the economics of information, and banking and financial economics. He has published in the main international journals and is the author of <i>Information and Learning in Markets: the Impact of Market Microstructure</i> (Princeton University Press, 2008), <i>Oligopoly Pricing: Old Ideas and New Tools</i> (MIT Press, 1999), editor of <i>Competition Policy in Europe: Fifty Years on from the Treaty of Rome</i> (OUP, 2009), <i>Capital Markets and Financial Intermediation</i> (CUP, 2000), and co-editor of <i>Capital Markets and Financial Intermediation</i> (CUP, 1993). He has been editor of the <i>International Journal of Industrial Organization</i> in 1993-1997, of the <i>Journal of the European Economic Association</i> in 1998-2008 and currently he is editor of the <i>Journal of Economic Theory</i> and co-editor of the <i>Journal of Economics and Management Strategy</i>.<P>His current research interests include dynamic rivalry, innovation and competition, banking crisis and regulation, information and financial markets, and competition policy.<P>He has received several research awards: King Juan Carlos I Prize in 1988; the Catalan Society for Economics Prize in 1996; the Narcís Monturiol Medal in 2002; the Catalonia Economics Prize in 2005; an European Research Council Advanced Grant in 2008, and the Jaime I Prize in Economics in 2013. He is member of the Institut d?Estudis Catalans since 2011 and of the Academia Europaea since 2012.<P>Dr. Vives has been an advisor and consultant on competition, regulation, and corporate governance issues for the World Bank, the Inter-American Development Bank, the European Commission, the Federal Reserve Bank of New York, as well as for major international corporations. He is a member of the board and President of the Audit and Control Committee of CaixaBank. He is an occasional columnist for <i>La Vanguardia</i>, <i>El País</i>, <i>Project Syndicate</i>, <i>Vox</i>, <i>Financial Times</i> and <i>The Wall Street Journal</i>.
Luis de Guindos, Vice-President of the European Central Bank
Luis de Guindos is the Vice-President of the European Central Bank.
2016-2018 Minister of Economy, Industry and Competitiveness
2011-2016 Minister of Economy and Competitiveness
2010-2011 Director, IE Business School and PwC Center for the Finance Sector
2008-2009 Head of Financial Services, PricewaterhouseCoopers
2006-2008 Chief Executive Officer Iberia, Lehman Brothers, and Chief Executive Officer, Nomura Securities
2002-2004 Secretary of State for Economic Affairs and member of the Economic and Financial Committee of the EU
2000-2002 Secretary General for Economic and Competition Policy
1996-2000 Director General for Economic and Competition Policy
1996-2000 Vice Chairman, Economic Policy Committee of the EU
1988-1996 Chief Executive Officer, AB Asesores