Professor Richard A. Werner, D.Phil. (Oxon), is an LSE- and Oxford-educated economist, professor banking and finance at De Montfort University and known as bestseller author ('Princes of the Yen' beat Harry Potter for 6 weeks in Japan as number one selling book), banking and central banking expert, and adviser to investors and governments. In 1995 his proposal of how to end banking crises, which he called 'Quantitative Easing', was published in the Nikkei, Japan's leading financial newspaper, and has since become a household name. His Quantity Theory of Credit, also known as the 'General Quantity Theory', has been utilised by some major central banks (including the ECB).
Previously, Richard was professor of international banking at the University of Southampton, Professor of Economics at Goethe-University, Frankfurt, Assistant Professor of Economics at Tokyo's Sophia University, chief economist of Jardine Fleming Securities (Asia) Ltd. in Tokyo (now JP Morgan), for over a decade member of the ECB Shadow Council, Senior Managing Director and Senior Portfolio Manager at Bear Stearns Asset Management in London (now JP Morgan) and a member of the asset allocation committee of TelWel, a multi-billion dollar Japanese corporate pension fund. Earlier, he was a visiting researcher at the Bank of Japan, European Commission Doctoral Fellow at the University of Oxford, Visiting Scholar at the Ministry of Finance, Japan and the first Shimomura Fellow at the Development Bank of Japan.
In 1991, Richard warned of the coming banking crisis and economic depression in Japan. His 2005 book 'New Paradigm in Macroeconomics' warned of the recurring banking crises and set out how to deliver high, sustainable, stable and equitable economic growth without crises and without inflation. He is also an expert on East Asian High Growth Economics. His academic research is among the most downloaded scientific work in the world (see professorwerner.org). Richard's hobby is to establish new banks, including local community banks.