The University of Southampton
Centre for Risk Research
(023) 8059 2549

Professor Richard Werner BSc (Econ), D.Phil. (Oxon)

Chair in International Banking , Director, Centre for Banking, Finance and Sustainable Development; Director of Int'l Development

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Professor Richard Werner is Chair in International Banking , Director, Centre for Banking, Finance and Sustainable Development; Director of Int'l Development within Southampton Management School at the University of Southampton.

Richard has been at the University of Southampton since 2004. He is Director of International Development and founding Director of the Centre for Banking, Finance and Sustainable Development. Richard is also a member of the Southampton Management School's Executive Board, as well as its Advisory Board.

In 1989, Richard graduated in International and Development Economics from the London School of Economics and entered the graduate programme in Economics at Oxford University. In 1990, he joined the Graduate School at the University of Tokyo and became a researcher at the Nomura Research Institute. In the following year, he became European Commission-sponsored Marie Curie Fellow at the Institute for Economics and Statistics, University of Oxford, to conduct doctoral studies on monetary economics and banking in Japan. In subsequent years Richard became the first Shimomura Fellow at the Research Institute for Capital Formation at the Japan Development Bank (now Development Bank of Japan), a Visiting Researcher at the Institute for Monetary and Economic Studies at the Bank of Japan, and Visiting Scholar at the Institute for Monetary and Fiscal Studies at the Ministry of Finance, Tokyo. In 1994, Richard took up the position of chief economist at Jardine Fleming Securities (Asia) Ltd., in which function his market forecasting activities earned him high rankings in investor surveys (Institutional Investor, Greenwich, Japanese Economist). In 1997, Richard joined the faculty of Sophia University, Tokyo, to teach Money and Banking and International Finance. In 1998, he left Jardine Fleming and set up a consulting firm, Profit Research, which conducts macroeconomic research and market forecasting on 37 countries. In 2000, he became tenured Assistant Professor of Economics, teaching Development Economics, International Economics and Monetary Economics. He has worked for several years as senior staff consultant of the Asian Development Bank, Manila, including as Team Leader of a country study on the Asian crisis. Richard has been advisor to the ruling Japanese Liberal Democratic Party's Central Bank Reform Research Group and served on several Ministry of Finance advisory panels. From 2000 to 2003 Richard was a member of the asset allocation committee of one of the largest Japanese pension funds. He has over a decade of experience in advising international investors and hedge funds on investment strategy.

Richard's book 'Princes of the Yen' became a no. 1 bestseller in Japan. His 2005 book 'New Paradigm in Macroeconomics' (Palgrave Macmillan) correctly predicted the collapse of the UK banking system and property market, highlighted the problem of 'recurring banking crises' and suggested workable solutions.

Some of Richard's work featured prominently in the financial press, attracting interest, among others, from Alan Greenspan. Richard has frequently appeared on Japanese and international TV commenting on economic and financial affairs. In 2003, the World Economic Forum selected him as 'Global Leader for Tomorrow' in Davos.




Research interests

  • Banking
  • Banking and the Economy
  • Banking and Development
  • History of Banking
  • Central Banking
  • Monetary Economics
  • Macroeconomics
  • International Economics
  • Development Economics
  • History of Economic Thought
  • Methodology in Economics
  • Comparative Economic and Financial Systems
  • Portfolio Management and Asset Allocation
  • Forecasting
Work in progress

The global financial crisis: causes, consequences and solutions;
Determinants of real estate prices in the UK and Japan;
Monetary policy implementation in China;
Foreword for Korean edition of 'Princes of the Yen';
New edition of 'New Paradigm in Macroeconomics';
Policy debate papers for the Centre of Banking, Finance and Sustainable Development Policy Debate Series (see

Research group(s)

Centre for Banking, Finance and Sustainable Development

Affiliate research group(s)

,Finance and Banking Research Group



Book Section(s)



Professor Richard Werner
Southampton Management School University of Southampton Southampton SO17 1BJ, UK.

Room Number:2/4075

Telephone:(023) 8059 2549
Facsimile:(023) 8059 3844

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