Cyprus and the Euro: Lessons Learnt

Professor Panicos Demetriades (University of Leicester, former Governor of the Bank of Cyprus)

Join us for the first Economics and Business Centre seminar of the 2014-15 series. The talk will explain how Cyprus came close to leaving the euro in March 2013. It will highlight the role played by its banking system that became too big to fail, too big to save and too big to regulate.  It will also analyse the lessons that can be learnt for the euro, bank regulation and resolution and central bank independence

Speaker Biography
Panicos Demetriades is Professor of Financial Economics at the University of Leicester and Fellow of the Academy of Social Sciences. During 2012-2014, he served as Governor of the Central Bank of Cyprus (Euro system) and also as a member of the Governing Council of the European Central Bank. He has published extensively in the area of finance and development, was Principal Investigator on several ESRC-funded projects and has served as a consultant to the World Bank and the OECD.
Biography (continued) >