Dr. Gerard Caprio, Jr., is the William Brough professor of economics at Williams College and chair of the Center for Development Economics there. He has taught at Trinity College, Dublin (as a Fulbright scholar), and visited at George Washington University. From 1998 until 2006, he was the director for policy in the World Bank’s Financial Sector Vice Presidency, for most of that time also serving as the head of the financial sector research team in the bank’s development research group. Before joining the bank, Caprio served as vice president and head of global economics at JP Morgan (1985-88) and as an economist at the Federal Reserve Board (1987-1985) and the International Monetary Fund. He has consulted with the World Bank, the IMF, and various central banks, including that of Brazil and most recently the Bank of Korea, where he has lectured and served as an advisor for their Financial Stability Report.
Caprio has researched and written extensively on financial sector policy, reform, and banking crises in developing countries, including “Guardians of Finance: Making Regulators Work for Us” (MIT Press, 2012) and “Rethinking Bank Regulation: Till Angels Govern” (Cambridge, 2006), both with James Barth and Ross Levine. He co-authored a World Bank policy research report, “Finance for Growth: Policy Choices in a Volatile World” with Patrick Honohan and founded and served as editor of the bimonthly electronic newsletter Interest Bearing Notes. Currently he is co-editor of the Journal of Financial Stability and has edited numerous volumes, including the three-volume handbooks on financial globalization (Elsevier, 2013). Caprio’s currently researches the links between financial sector regulation and supervision and the sector’s development and stability. He earned an A.B. degree in economics at Williams College and a Ph.D. in economics at the University of Michigan.