José Manuel González-Páramo is one of the few economists that have a real first line knowledge of the European currency and markets. In fact, González-Páramo, served as a member of the Executive Board of the European Central Bank from 2004 to 2012 and was a member of the Governing Council of the same institution, the Eurosystem’s principal policymaking body.
In both capacities, he was actively involved in all the policy debates, initiatives and actions of the ECB during the most critical years of the euro. He was in charge of designing and implementing innovative non-conventional monetary policy measures. These crisis-related measures led to an expansion of the Eurosystem’s balance sheet by three times its original size to over 3 trillion euros in 2012. He was also a member of the Committee on the Global Financial System of the Bank for International Settlements.
Before his appointment to the ECB, González-Páramo was a member of the Governing Council of the Bank of Spain (1994-2004) and of its Executive Committee (1998-2004). In this capacity he was jointly responsible for setting the policy line on major issues encompassing monetary policy, economic analysis, preparations for Economic and Monetary Union and financial supervision and regulation.
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Professor of International Business Administration at Wharton School, Guillén is is the Director of the Joseph H. Lauder Institute at the University of Pennsylvania.
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