Miranda Xafa

Miranda Xafa (Greek: Μιράντα Ξαφά, pronounced [miˈranda ksaˈfa]) is a Greek economist, formerly IMF representative to Greece and chief economic adviser to the Prime Minister of Greece, and currently CEO of an Athens-based advisory firm. She is also a senior fellow at the Centre for International Governance Innovation.[1]

Education

After graduating from the American College of Greece in 1973,[2] she enrolled in the University of Pennsylvania where she received a Master's and a Ph.D. in Economics.[3]

Career

Xafa started working for the International Monetary Fund in Washington in 1980, where she focused on economic stabilization programs in Latin America.[4] Following the liberal-conservative New Democracy party win in the 1990 general elections in Greece, Xafa was appointed in 1991 chief economic advisor to prime minister Konstantinos Mitsotakis.[3]

Following the party's defeat in the 1993 legislative elections, Xafa worked as a financial-market analyst at Salomon Brothers/Citigroup in London, UK. In the period 2004-09, she served as a member of the board of the IMF in Washington D.C., while also working as senior investment strategist and member of the advisory board of I.J. Partners in Geneva, Switzerland.[4]

She serves as Alternate Executive Director in the IMF, acting as the Fund's representative for countries such as Italy, Greece, and Portugal.[3]

Academia

Xafa has taught Economics at the University of Pennsylvania and at Princeton University. She has authored articles on international trade, the Latin American debt crisis, and the European monetary unification.[3] She is currently a senior scholar at the Center for International Governance Innovation, where she focuses on the Eurozone economy.[1]

Views

Xafa supports the austerity measures undertaken by various governments in Greece and the reform and financial assistance program agreed between Greece and the troika.[5] She is a supply sider.[6][7][8]

She has publicly denounced the "magician's tricks" that ostensibly "beautified" Greece's state finances and economic ratios at the time of the country joining the Eurozone,[9] as well as any attempt at Grexit.[10] She has called on Greek governments to close down the Greek state's defense manufacturing industries because "they are operating at a financial loss."[11] In the 2010s, she joined the "free market", "pro-business" Drassi ("Action") party, serving on its executive committee.[12]

Selected works
  • Economides, Spyros, ed. (2017). "Back from the brink: How to end Greece's seemingly interminable crisis" (PDF). Greece : Modernisation and Europe 20 years on. London School of Economics: 46–53.
  • Christodoulakis, George, ed. (2014). "Chapter 5: The 2012 Greek Debt Restructuring and its Aftermath" (PDF). Managing Risks in the European Periphery Debt Crisis: Lessons from the Trade-off between Economics, Politics and the Financial Markets. Palgrave Macmillan. pp. 87–100. ISBN 978-1137304940.
  • "Role of the IMF in the Global Financial Crisis" (PDF). Cato Journal. 30 (3): 46–53. Fall 2010.
  • "Global imbalances and financial stability". Journal of Policy Modeling. 29 (5): 783–796. 2007.

See also

References
  1. "Miranda Xafa". Centre for International Governance Innovation. Retrieved 20 March 2019.
  2. Xafa, Miranda (Fall 2009). "Watching Over the Global Economy" (PDF). The American College of Greece Magazine. 3 (7): 40–44. Retrieved 5 July 2018.
  3. "Executive Profile: Miranda Xafa Ph.D." Bloomberg. Retrieved 5 July 2018.
  4. "International Economic Seminar". University of Rome. 23–24 June 2016. Retrieved 5 July 2018.CS1 maint: date format (link)
  5. "Η διαμάχη γύρω από το έλλειμμα του 2009" [The controversy surrounding the 2009 deficit]. Huffington Post (in Greek). 20 July 2017. Retrieved 5 July 2018.
  6. "Μιράντα Ξαφά: Αναπόφευκτη η περαιτέρω περικοπή των συντάξεων" [Miranda Xafa: Further cuts to pensions inevitable] (in Greek). To Pontiki. 25 November 2017. Retrieved 5 July 2018.
  7. "Η Μιράντα Ξαφά απαντά λέξη προς λέξη στον Αλέξη Τσίπρα" [Miranda Xafa responds word for word to Alexis Tsipras] (in Greek). Liberal. 31 July 2017. Retrieved 5 July 2018.
  8. "Reality check on government's touted 'clean exit' from bailout memorandum". To Vima. 7 March 2018. Retrieved 5 July 2018.
  9. Little, Allan (3 February 2012). "How 'magic' made Greek debt disappear before it joined the euro". BBC. Retrieved 5 July 2018.
  10. Xafa, Miranda (18 March 2012). "Greece's exit from the Eurozone would be all pain, no gain". CEPR. Vox. Retrieved 6 July 2018. What led Greece into this mess is its ineffective, incompetent, and corrupt political establishment, which viewed politics as a means of providing favours to special interest groups in exchange for vote-buying.
  11. Sfakianaki, Nikoletta (18 March 2012). "Γιαννίτσης και Ξαφά για την ελληνική οικονομία" [Yannitsis and Xafa on the Greek economy] (in Greek). Nea Kriti. Retrieved 6 July 2018.
  12. "Πρόσωπα" [Persons]. Drassi (in Greek). 2013. Retrieved 5 July 2018.
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