Global Imbalances and the Greek crisis

Dimitrios Tsomocos (University of Oxford)

Dr Tsomocos is an expert in financial economics and his work has had a substantial impact on economic policy around the globe.
He co-developed the Goodhart-Tsomocos model of financial fragility, which has been calibrated by more than ten central banks.

An advisor to one of the main political parties in Greece and numerous central banks, Dimitrios Tsomocos regularly contributes to the Greek and international business press on financial stability issues. His proposals and contributions to the international press on the introduction of a dual currency and controls on international capital flows have stimulated debate on the resolution of the sovereign debt crisis of the Club Med countries and the international capital imbalances.

Dimitrios is currently an Associate Editor for numerous publications including the Annals of Finance, Economic Theory and the Greek Economic Review. He also serves on several editorial and advisory boards for journals including the Open Economics Journal, the Journal of Risk Finance and Decisions in Economics and Finance. Dr Tsomocos was awarded the 2004 Bank Sabadell prize for his work on the economics of banking. In 2011 Dr Tsomocos provided testimony to the House of Lords for the Economic and Financial Affairs and International Trade Sub Committee’s report: ‘The future of economic governance in the EU’.