From TLP

Richard Portes

Professor of Economics at London Business School

Richard Portes, Professor of Economics at London Business School, is globally recognised as a major contributor to the teaching and understanding of International Economics. He is President of the Centre for Economic Policy Research (which he founded in 1983), Directeur d'Etudes at the Ecole des Hautes Etudes en Sciences Sociales in Paris (since 1978), a Rhodes Scholar and a Fellow of Balliol College, Oxford, and has taught at Princeton and Harvard Universities (as a Guggenheim Fellow).

Professor Portes was founding Professor of the Department of Economics at Birkbeck College (University of London), where he served from 1972 to 1994, and in between 1999-2000 served as Distinguished Global Visiting Professor at the Haas School of Business, U.C. Berkeley. He holds B.A. degrees in Mathematics and Philosophy from Yale University; and a Ph. D. in Economics from Oxford University.

Areas of Research:

• Globalisation – An Economic response to Anti Globalisation Issues
• Corporate Governance & Corporate Social Responsibility
• Financial Markets & International Macroeconomics
• European Monetary integration and the Euro
• Economics of transition in Central/Eastern Europe

Selected Publications:

Richard Portes has written extensively on sovereign borrowing and debt, European monetary issues, international monetary economics, centrally planned economies and transition, macroeconomic disequilibrium and European integration, and frequently contributes to the financial press with articles appearing in the Financial Times, Wall Street Journal, Finanz und Wirtschaft, EIU Global Outlook, and LBS/OEF Economic Outlook.. He is joint editor of several volumes of research on international macroeconomics and policy as well as coordinating and editing for the European Commission two sets of studies on economic reform in Central and Eastern Europe (published in European Economy 1990, 1991). In 1993, he published a joint CEPR-Commission volume on Economic Transformation in Central Europe and he has edited (with Riccardo Faini) European Union Trade with Central and Eastern Europe (CEPR, 1995). Recent papers include 'Transformation Traps' (Economic Journal, September 1994); 'Implementing EMU' (American Economic Review, May 1996); and 'Costs and Benefits of EU Enlargement to the East' (Economic Policy, April 1997). Richard Portes' study (with Barry Eichengreen) `Crisis? What Crisis? Orderly Workouts for Sovereign Debtors’ (CEPR, 1995), was widely welcomed as a major analytical and practical contribution to the debate on how to deal with 'Mexico-style' financial disturbances. He has subsequently analysed financial crises and appropriate responses in papers with Barry Eichengreen as well as in `Coping with Capital Flows’ (with David Vines), Commonwealth Secretariat, 1997, and 'An Analysis of Financial Crisis', IMF/FRB Chicago, 1999. With George Alogoskoufis, Professor Portes was the first to examine the prospective international role of a single European currency (European Economy, Special Edition No. 1, 1991). He has recently returned to these issues in 'The Euro, the Dollar, and The International Monetary System' (with George Alogoskoufis, IMF, 1997); and 'The Emergence of the Euro as an International Currency' (with Hélène Rey, Economic Policy, April 1998).

Consulting/ Clients:

Professor Portes has consulted recently for Warburg Pincus, Nomura, Freshfields Bruckhaus Deringer, the European Commission, the Commonwealth Secretariat, and other private and public bodies. He is a Director of the European Corporate Governance Institute & a member of the Commission Economique de la Nation (France). Additionally, he regularly speaks at international public and corporate meetings on international economic issues.