Mr. Gikas A. Hardouvelis was appointed as the Chief Economist of the EFG Eurobank Ergasias financial group. He will be responsible for enhancing the Group’s analytic power and advising capability on macroeconomic, financial, regulatory, structural and other banking issues in Greece and abroad.
Mr. Gikas A. Hardouvelis was appointed as the Chief Economist of the EFG Eurobank Ergasias financial group. He will be responsible for enhancing the Group’s analytic power and advising capability on macroeconomic, financial, regulatory, structural and other banking issues in Greece and abroad.
Mr. Hardouvelis is also Professor of Finance and Economics at the University of Piraeus and Research Associate at the Centre of Economic Policy Research in London, a Member of the Academic Council of the Cyprus International Institute of Management and a Member of the Scientific Council of the Hellenic Bankers Association.
In the past, Mr Hardouvelis served as the Director of the Economic Office of the previous Greek Prime Minister, Mr. Costas Simitis (5/2000-3/2004). He has wide experience in banking and the financial sector. He served as the Chief Economist of the National Bank of Greece from 1/1996 though 4/2000. He had an active role in the establishment of the Athens Derivatives Exchange as Member of its Board (1997-2000). He was also a Member of the Board of the National Securities Co, a brokerage firm (1995-2000), and the representative of the Hellenic Bankers Association in various committees of the Federation Bancaire Europeene (1996-2000).
Mr. Hardouvelis has wide experience in Central Banking as well. He has worked for 7 years at the Federal Reserve Bank of New York (1987-1993), first as an economist and then as an outside adviser. He has also spent 2 years at the Bank of Greece (1994-1995), where he also served as the Second Alternate to the Governor of the Bank at the European Monetary Institute, the precursor to the European Central Bank.
His academic research focuses on Finance and Macroeconomics, with greater emphasis on monetary policy and the financial markets. He has published many articles in top academic journals and the quotations to his work have put him in the Hall of Fame of the top 50 economists worldwide in the area of applied econometrics during the years 1989-1995. His past work on stock market margin requirements contributed to the policy decision of transferring to the Federal Reserve the regulatory authority of setting margins on stock index derivatives.
Mr. Hardouvelis holds a Ph.D. degree in Economics from the University of California, Berkeley (1983) and M.Sc. and B.A. degrees in Applied Mathematics from Harvard University. Earlier in his academic career, he served as an Assistant Professor of Economics at Barnard College, Columbia University (1983-1989) and as an Associate and then Full Professor of Finance at Rutgers University, New Branswick, New Jersey, USA (1989-1993).