Richard Werner
Richard Werner is a Professor of International Banking at the University of Southampton. A renowned banking and development economist, he is the founding director of the ECB Shadow Council’s Center for Banking, Finance, and Sustainable Development. He is also chair of Local First, a community interest company establishing not-for-profit community banks in the United Kingdom. Professor Werner proposed the disaggregation of credit and its impact on asset markets and growth with his Quantity Theory of Credit in 1992 at Oxford. He advanced the concept of "quantitative easing" in Japan in 1994.
Richard Werner Professional Experience / Academic History
Professional Experience
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Professor of International Banking
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Senior Managing Director and Senior Portfolio Manager
Academic History
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PhD, Economics
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BS, Economics, First Class Honors
- Richard Werner thinks that the Reichsbank was the worst central bank in history.
- He has appeared as a guest on Real Vision.
- One of his core learnings is to "watch what people are doing, not what they are saying"—this is especially true with central banks. This is the "Theory of Revealed Preference"
- He believes that Central Banks are trying to bankrupt banks so that they can take over.
- Negative Rates, Flat Yield Curve, Additional Regulation are all ways they are doing this