Richard Andreas Werner

He is noted as a monetary and development economist. He proposed the term quantitative easing, as well as the expression « QE2 » referring to the need to implement true quantitative easing as an expansion in credit creation. Werner was chief economist of Jardine Fleming.

Werner is currently teaching at the University of Southampton. He is noted for developing a heterodox theory of money creation called the Credit Theory of Money. He is the founding director of the university’s Centre for Banking, Finance and Sustainable Development and organiser of the European Conference on Banking and the Economy (ECOBATE), first held on 29 September 2011 in Winchester Guildhall, with Lord Adair Turner, FSA Chairman, as the keynote speaker.

Since 2011, Werner has been a member of the ECB Shadow Council. Werner’s book Princes of the Yen was a number one bestseller in Japan in 2001. The book covers the monetary policy of the Bank of Japan specifically and the central bank informal guidance of bank credit in general.

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