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Steve H. Hanke is a professor of applied economics and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a senior fellow and director of the Troubled Currencies Project at the Cato Institute, a senior adviser at the Renmin University of China’s International Monetary Research Institute in Beijing, a special counselor to the Center for Financial Stability in New York, and a contributing editor at Forbes and at Central Banking in London. Hanke is also a member of the Charter Council of the Society of Economic Measurement, Euromoney Country Risk’s Experts Panel, and the Atlantic Council’s EuroGrowth Initiative Task Force.

In the past, Hanke taught economics at the Colorado School of Mines and the University of California, Berkeley. He served as a member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a senior economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a senior adviser to the Joint Economic Committee of the U.S. Congress in 1984-88. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an adviser to the presidents of Bulgaria in 1997-2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.

Hanke has been awarded honorary doctorate degrees by the Bulgarian Academy of Sciences, the Universidad San Francisco de Quito, the Free University of Tbilisi, Istanbul Kültür University, and Varna Free University in honor of his scholarship on exchange-rate regimes. He is a distinguished associate of the International Atlantic Economic Society; a distinguished professor at the Universitas Pelita Harapan in Jakarta, Indonesia; a profesor asociado (the highest honor awarded to international experts of acknowledged competence) at the Universidad del Azuay in Cuenca, Ecuador; and a profesor visitante at the Universidad Peruana de Ciencias Aplicadas (the UPC’s highest academic honor) in Lima, Peru. In 1998 he was named one of the 25 most influential people in the world by World Trade Magazine.

Hanke is a well-known currency and commodity trader. Currently, he serves as a member of the Supervisory Board of Advanced Metallurgical Group N.V. in Amsterdam and Chairman Emeritus of the Friedberg Mercantile Group, Inc. in Toronto. During the 1990s, he served as President of Toronto Trust Argentina in Buenos Aires, the world’s best-performing emerging market mutual fund in 1995.

Hanke’s most recent books are Zimbabwe: Hyperinflation to Growth (2008), A Blueprint for a Safe, Sound Georgian Lari (2010), Juntas Monetarias para Paises en Desarollo (2015), and Currency Boards for Developing Countries: A Handbook (2015).

Hanke and his wife reside in Baltimore and Paris.

More from Steve H. Hanke

Cato Studies

World Hyperinflations

Working Paper No. 8. August 15, 2012.

Zimbabwe: From Hyperinflation to Growth

Development Policy Analysis No. 6. June 25, 2008.

The Dominican Republic: Resolving the Banking Crisis and Restoring Growth

Foreign Policy Briefing No. 83. July 20, 2004.

Articles

Is South Suden Hyperinflating?

Studies in Applied Economics. No. 75. February 2017.

Venezuela Enters the Record Book: The 57th Entry in the Hanke-Krus World Hyperinflation Table

Studies in Applied Economics. No. 69. December 2016.

Remembrances of a Currency Reformer: Some Notes and Sketches of the Field

Studies in Applied Economics. No. 55. June 202016.

Cato Reviews & Journals