Professor Werner graduated from the London School of Economics with First Class Honours in economics and has obtained a doctorate in economics from the University of Oxford. He lived and worked in Japan for twelve years.

Richard is a financial sector expert and experienced global macro fund manager, who was the first Shimomura Fellow at the Development Bank of Japan, a Senior Consultant at the Asian Development Bank and has experience in many international financial institutions since 1989 (Deutsche Bank, Tokyo; Nomura Research Institute, Tokyo; Chief Economist, Jardine Fleming Securities (Asia) Ltd, Tokyo; Senior Managing Director, Bear Stearns Asset Management Ltd, London; Deputy Head of Corporate Banking, VR Bank Landau eG, Germany). He has also been a member of the Board of Directors of a company listed on the London Stock Exchange. Richard is known as banking and monetary policy expert, and the leading expert on the East Asian High Growth system.

Richard is Professor of Banking, Finance and Economics at a number of universities in Europe. Previously, Dr Werner was Professor of Finance at the renowned Fudan University in Shanghai and Goethe University Frankfurt (House of Finance) for 3 years and the University of Southampton, England, for 14 years.

He is known, among other things, for his proposal to avoid banking crises by minimising real estate and financial credit extension by banks and focus on expanded credit for productive business investment, or to end them quickly after the onset of banking crises through a new central bank policy, which he called “Quantitative Easing” (see his article in the Nikkei, 2 September 1995, p. 26). This has become an influential concept. His analyses of banking and central bank policy are widely known. He was also a member of the so-called ECB Shadow Council, organised by the German business newspaper Handelsblatt, for ten years. In 2003, he was honoured by the World Economic Forum in Davos as a “Global Leader for Tomorrow”, although his critical questions caused this entire programme to be scrapped upon his second attendance in 2004. He is an advisor to central banks and ministries in Europe and Asia, among others. He is an activist supporting the creation and continued independence of small banks.

He produces reports for the interested public for a modest subscription fee at https://rwerner.substack.com. His book Princes of the Yen was a number one bestseller in Japan – for 6 weeks ahead of Harry Potter

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Websites: www.professorwerner.org  | www.richardwerner.org  | www.arbe.org.uk