Miranda Xafa
Miranda Xafa (Greek: Μιράντα Ξαφά, pronounced [miˈranda ksaˈfa]) is a Greek economist, formerly Greece's representative at the IMF Executive Board and chief economic adviser to the Prime Minister of Greece, and currently CEO of an Athens-based advisory firm. She is also a senior fellow at the Centre for International Governance Innovation.[1]
Education
[edit]After graduating from the American College of Greece in 1974,[2] she enrolled in the University of Pennsylvania where she received a Master's and a Ph.D. in Economics.[3]
Career
[edit]Xafa started working for the International Monetary Fund in Washington in 1980, where she focused on economic stabilization programs in Latin America.[4] Following the center-right New Democracy party win in the 1990 general elections in Greece, Xafa was appointed in 1991 chief economic advisor to prime minister Konstantinos Mitsotakis.[3]
Following the party's defeat in the 1993 legislative elections, Xafa worked as a financial-market analyst at Salomon Brothers/Citigroup in London, UK. In the period 2004–09, she served as a member of the board of the IMF in Washington D.C., representing countries such as Italy, Greece, and Portugal,[3] and subsequently worked as senior investment strategist and member of the advisory board of I.J. Partners in Geneva, Switzerland.[4]
She is currently CEO of an Athens-based advisory firm, and a senior fellow at the Centre for International Governance Innovation.[1]
Academia
[edit]Xafa has taught economics at the University of Pennsylvania and at Princeton University. She has authored articles on international finance, the Latin American debt crisis, European monetary unification.[3] and sovereign debt restructuring. She is currently a senior scholar at the Center for International Governance Innovation, where she focuses on the Eurozone economy.[1]
Views
[edit]Xafa supports the austerity measures undertaken by various governments in Greece and the reform and financial assistance program agreed between Greece and the troika.[5] She is a supply sider.[6][7][8]
She has publicly denounced the "magician's tricks" that ostensibly "beautified" Greece's state finances and economic ratios at the time of the country joining the Eurozone,[9] as well as any attempt at Grexit.[10] She has called on Greek governments to close down the Greek state's defense manufacturing industries because "they are operating at a financial loss."[11] In the 2010s, she joined the "free market", "pro-business" Drassi ("Action") party, serving on its executive committee.[12]
Selected works
[edit] | This section may be too long and excessively detailed. (January 2023) |
- Economides, Spyros, ed. (2017). "Back from the brink: How to end Greece's seemingly interminable crisis" (PDF). Greece: Modernisation and Europe 20 Years on. London School of Economics: 46–53.
- Christodoulakis, George, ed. (2014). "Chapter 5: The 2012 Greek Debt Restructuring and its Aftermath" (PDF). Managing Risks in the European Periphery Debt Crisis: Lessons from the Trade-off between Economics, Politics and the Financial Markets. Palgrave Macmillan. pp. 87–100. ISBN 978-1137304940.
- "Role of the IMF in the Global Financial Crisis" (PDF). Cato Journal. 30 (3): 46–53. Fall 2010.
- Xafa, Miranda (2007). "Global imbalances and financial stability". Journal of Policy Modeling. 29 (5): 783–796. doi:10.1016/j.jpolmod.2007.06.012. S2CID 154605304.
- «Lessons from the 2012 Greek Debt Restructuring», CIGI Paper No 32, June 201 [1]
- «EU Bank Resolution Post-Cyprus», Cayman Financial Review, July 12, 2013. Available at https://www.mirandaxafa.com/mediaupload/pdf/eu_bank_resolution_post_cyprus.pdf
- «The IMF’s Lending Framework and Sovereign Debt Restructuring», CIGI Commentary, July 2014 https://www.cigionline.org/publications/imfs-lending-framework-and-sovereign-debt-restructuring/
- «European Banking Union, Three Years on», CIGI Paper No 73, June 2015 https://www.cigionline.org/publications/european-banking-union-three-years
- «European Banking Supervision: The First 18 Months», in D. Schoenmaker and N. Veron, editors, Bruegel blueprint, June 2016 http://bruegel.org/2016/06/blueprint-european-banking-supervision-the-first-eighteen-months/
- «Playing with Matches in the Ammunition Warehouse» CIGI Policy Brief No 100, March 2017 https://www.cigionline.org/publications/greece-playing-matches-ammunition-warehouse
- «European Capital Markets Union after Brexit» CIGI Paper No 140, August 2017 https://www.cigionline.org/publications/european-capital-markets-union-post-brexi t
- «Greece’s “Clean Exit” from Third Bailout: A Reality Check» CIGI Policy Brief No 124, March 2018 https://www.cigionline.org/publications/greeces-clean-exit-third-bailout-reality-check
- «Euro area governance reform: The Unfinished Agenda» CIGI Paper No 203, November 2018 https://www.cigionline.org/publications/euro-area-governance-reform-unfinished-agenda
- «A Statistician’s Ordeal: The Case of Andreas Georgiou» World Economics, Vol. 20, No 3, July–September 2019 https://www.worldeconomics.com/Andreas-Georgiou
- Robert Mundell, 1932-2021: Ahead of his Time” Johns Hopkins Institute for Applied Economics, April 2021 https://sites.krieger.jhu.edu/iae/files/2021/04/Robert-Mundell-1932-2021-Ahead-of-his-Time.pdf
See also
[edit]References
[edit]- ^ a b c "Miranda Xafa". Centre for International Governance Innovation. Retrieved 20 March 2019.
- ^ Xafa, Miranda (Fall 2009). "Watching Over the Global Economy" (PDF). The American College of Greece Magazine. 3 (7): 40–44. Retrieved 5 July 2018.
- ^ a b c d "Executive Profile: Miranda Xafa Ph.D." Bloomberg. Retrieved 5 July 2018.
- ^ a b "International Economic Seminar". University of Rome. 23–24 June 2016. Retrieved 5 July 2018.
- ^ "Η διαμάχη γύρω από το έλλειμμα του 2009" [The controversy surrounding the 2009 deficit]. Huffington Post (in Greek). 20 July 2017. Retrieved 5 July 2018.
- ^ "Μιράντα Ξαφά: Αναπόφευκτη η περαιτέρω περικοπή των συντάξεων" [Miranda Xafa: Further cuts to pensions inevitable] (in Greek). To Pontiki. 25 November 2017. Retrieved 5 July 2018.
- ^ "Η Μιράντα Ξαφά απαντά λέξη προς λέξη στον Αλέξη Τσίπρα" [Miranda Xafa responds word for word to Alexis Tsipras] (in Greek). Liberal. 31 July 2017. Archived from the original on 2017-08-02. Retrieved 5 July 2018.
- ^ "Reality check on government's touted 'clean exit' from bailout memorandum". To Vima. 7 March 2018. Retrieved 5 July 2018.
- ^ Little, Allan (3 February 2012). "How 'magic' made Greek debt disappear before it joined the euro". BBC. Retrieved 5 July 2018.
- ^
Xafa, Miranda (18 March 2012). "Greece's exit from the Eurozone would be all pain, no gain". CEPR. Vox. Retrieved 6 July 2018.
What led Greece into this mess is its ineffective, incompetent, and corrupt political establishment, which viewed politics as a means of providing favours to special interest groups in exchange for vote-buying.
- ^ Sfakianaki, Nikoletta (18 March 2012). "Γιαννίτσης και Ξαφά για την ελληνική οικονομία" [Yannitsis and Xafa on the Greek economy] (in Greek). Nea Kriti. Retrieved 6 July 2018.
- ^ "Πρόσωπα" [Persons]. Drassi (in Greek). 2013. Retrieved 5 July 2018.