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Erik Berglof
Chief Economist and Special Adviser to the President
Erik Berglof is the Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development (EBRD).
Prior to joining the EBRD, Erik Berglof (PhD, Stockholm School of Economics, 1991) held the position of Director of the Stockholm Institute of Transition Economics (SITE) and Professor at the Stockholm School of Economics. He was previously Assistant Professor at the Université Libre de Bruxelles and has held visiting positions at Harvard, Stanford and the Massachusetts Institute of Technology (MIT). He is a widely published and internationally respected specialist in the field of transition economics. His focus has been on policy-related issues in transition economies and he has regularly provided advice to national governments and international institutions including the International Monetary Fund (IMF) and the World Bank. Erik Berglof was the founder and President of the Centre for Economic and Financial Research (CEFIR) in Moscow, Programme Director at the Centre for Economic Policy Research (CEPR) in London, Senior Fellow at the Brookings Institution in Washington, D.C., and Board Member and Research Fellow of the European Corporate Governance Institute.

In January 2006, Erik Berglof took up his current position of Chief Economist and Special Adviser to the President at the EBRD.

Ralph De Haas
Deputy Director of Research
Ralph is Deputy Director of Research in EBRD’s Office of the Chief Economist. His main research interests include international banking, financial stability, development economics, and microfinance. He is currently working on two randomised field experiments to measure the impact of microfinance on poverty alleviation in Mongolia and Bosnia. Two other experiments focus on lending to female entrepreneurs (in Romania) and the effects of training judges in commercial law (in Tajikistan). Other research projects deal with internal capital markets in multinational banks and the effects of the global credit crunch on international bank lending.

He has published in the Journal of Financial Intermediation, Journal of Banking & Finance, Economic Policy, Economics of Transition, the Journal of Emerging Market Finance, and Financial Markets, Institutions and Instruments.

Ralph holds a PhD in Economics from Utrecht University in the Netherlands.

Piroska M. Nagy
Director for Country Strategy and Policy
Piroska is Director for Country Strategy and Policy in the EBRD’s Office of the Chief Economist. She is responsible for economic strategies in the EBRD’s countries of operations as well as policy initiatives such as local currency and capital market development, food security and climate change/carbon market development.

Previously she worked for the International Monetary Fund between 1986 and mid-2008, with surveillance and policy program responsibilities mainly in Europe and Africa. While on leave from the IMF, she also worked for the Hebrew University of Jerusalem as lecturer in 1996/97 and at Fitch Ratings as Senior Adviser in 2003/4. She has published in the area of euro adoption in emerging Europe; financial stability issues; and fiscal policy reform.

She holds a M.Sc., Macroeconomics and Finance from the University of Budapest, Hungary, and conducted post-graduate studies at George Washington University, USA.

Alexander Pivovarsky
Senior Economist
Alexander Pivovarsky is a Senior Economist at the Office of the Chief Economist where he leads economic analysis ofEastern EuropeandCaucasus.

From 2001 to mid-2008, he worked at the International Monetary Fund as macroeconomist for various countries inEastern Europe,Latin America,AfricaandCentral Asia. He was previously Development Associate at the Harvard Institute for International Development. His research interests include development economics, banking and financial sector stability.

He is a Ukrainian national, graduated from theUniversityof Kyivin 1993, and holds a Ph.D. in public policy from Harvard University(2001).

Lawrence Sherwin
Deputy Director of Communications
Lawrence is Deputy Director of Communications and Head of Internal Communications at the EBRD. Previously, he worked in corporate communications at Novartis AG in Basel, Switzerland, after a number of years in European distribution for National Public Radio (NPR). The lion’s share of his career was spent in international broadcasting at Radio Free Europe/Radio Liberty (RFE/RL) in Munich, Germany, an American-funded radio station broadcasting to the countries of the former Soviet Union where he was Deputy Director of RL and Assistant Director of the Russian Broadcasting Department.

He holds an MBA from the University of California, Berkeley, an MA in Soviet Affairs from Harvard University, and a BA/MA in Slavic Languages from Brown University which included coursework at Leningrad State University in the USSR.

Jeromin Zettelmeyer
Deputy Chief Economist and Director of Research
Jeromin Zettelmeyer is responsible for research and country economic analysis. From 1994 until mid 2008, he worked at the International Monetary Fund, including as an Economist in the European II Department, as deputy head of regional studies in the Western Hemisphere Department, where he led research on Latin America, and, for over 10 years, in the Research Department, where his research interests included financial crises, sovereign debt, international financial architecture and economic growth.

He is the author, together with Federico Sturzenegger of Debt Default and Lessons from a Decade of Crises (MIT Press, 2007), an account of the sovereign debt crises of the last 10 years.

He is a German citizen, born in Spain in 1964, graduated from the University of Bonn in 1990, and holds a Ph.D. from MIT (1995).

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