Előd Takáts (born 4 November 1975) is a Hungarian economist, professor, former senior economist at the

Bank for International Settlements The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work thr ...

and visiting professor at the

London School of Economics and Political Science , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

. He has been serving as

rector Rector (Latin for the member of a vessel's crew who steers) may refer to: Style or title *Rector (ecclesiastical), a cleric who functions as an administrative leader in some Christian denominations *Rector (academia), a senior official in an edu ...

Corvinus University of Budapest Corvinus University of Budapest ( hu, Budapesti Corvinus Egyetem) is a university in Budapest, Hungary. The university currently has an enrolment of approximately 9,600 students, with a primary focus on business administration, economics, and so ...

since 1 August 2021.

Studies

In 1999, Takáts graduated with honours from the Budapest University of Economics and Business Administration (the predecessor of

) with a degree in finance, majoring in Economic Policy. In 2002, he obtained a master's degree in economics from the

Central European University Central European University (CEU) is a private research university accredited in Austria, Hungary, and the United States, with campuses in Vienna and Budapest. The university is known for its highly intensive programs in the social sciences and ...

. He then continued his studies at

Princeton University Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...

in the US, where he obtained a PhD in finance in 2006. In addition to his studies, in 2000 he successfully passed the stock exchange examination of the

Budapest Stock Exchange Budapest Stock Exchange (BSE) ( hu, Budapesti Értéktőzsde (BÉT)) is the Stock exchange, 2nd largest stock exchange in Central and Eastern Europe by market capitalization and Market liquidity, liquidity. It is located at 55 Krisztina Boulevar ...

Professional career

After graduating, he worked in the securities department of

CIB Bank CIB Bank (or Central European International Bank Ltd.) is the second-biggest commercial bank in Hungary, after the 1 January 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca I ...

from 1999 to 2000 and as a senior consultant at ''Postabank'' (Hungary) from 2001 to 2002. From 2003 to 2005 he worked as a researcher at the Economics Department of the

Hungarian National Bank The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian St ...

, the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...

and the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New ...

, among others.

International Monetary Fund

As an economist at the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

from 2006 to 2009 he worked in the ''Western Hemisphere Department'' from 2006 to 2007. After that he worked in the ''Strategy, Policy and Review Department'' from 2007 to 2008 and in the ''Monetary and Capital Markets Department'' from 2008 to 2009.

Bank for International Settlements

He was an economist, senior economist and then chief economist at the

(BIS) between 2009 and 2021. Between 2009 and 2016, he worked on emerging markets, and from 2016 his main area of expertise was financial regulation. He represented the BIS in the

Basel Committee The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten (economic), Group of Ten (G10) countries in 1974. The committee expanded ...

's ''Macroprudential Oversight Group'' and the ''Financial Stability Board Working Group'', and as a member of the ''Financial Systems and Regulation Unit'' he provided analysis for international regulatory reforms.

Academic career

Prior to obtaining his PhD from

, he taught banking courses in Hungarian at the ''International Banking Training Centre'' and Money and Banking in English at the International Business School in Budapest. During his doctoral studies he regularly taught macroeconomics courses with

Alan Blinder Alan Stuart Blinder (, born October 14, 1945) is an American economics professor at Princeton University and is listed among the most influential economists in the world according to IDEAS/RePEc. He is a leading macroeconomist, politically liberal ...

and an advanced international finance courses with Linda S. Goldberg at Princeton University. Since 2018, he has been a

visiting professor In academia, a visiting scholar, visiting researcher, visiting fellow, visiting lecturer, or visiting professor is a scholar from an institution who visits a host university to teach, lecture, or perform research on a topic for which the visitor ...

at the School of Public Policy at the

. In addition to his work, he was a regular guest lecturer at

for various courses and conferences. In recognition of this, on 17 September 2019, the Senate of the institution awarded him the title of professor emeritus in recognition of his "outstanding teaching, research and development activities." On 3 March 2021, President

János Áder János Áder (; born 9 May 1959) is a Hungarian politician and lawyer who served as President of Hungary from 2012 to 2022. He is a long-time politician of the right-wing Fidesz. As a representative of his party, he took part in the Hungarian Ro ...

appointed him

professor Professor (commonly abbreviated as Prof.) is an Academy, academic rank at university, universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who pr ...

with effect from 10 March 2021.

Personal life

In addition to his native Hungarian, Takáts speaks English, German and Spanish. He is married and is the father of five: three daughters and two sons.

Publications

International journal publications

Előd Takáts – Judit Temesvary: The currency dimension of the bank lending channel in international monetary transmission. Journal of International Economics, 2020.

Emanual Kohlscheen – Előd Takáts: What can commercial property performance reveal about bank valuations?. Journal of International Money and Finance. 2019.

Martina Jašová – Richhild Moessner – Előd Takáts: Exchange rate pass‐through: What has changed since the crisis?. International Journal of Central Banking. 2019

Előd Takáts – Judit Temesvary: Can macroprudential measures make cross‐border lending more resilient?. International Journal of Central Banking. 2019

Stefan Avdjiev – Előd Takáts: Monetary policy spillovers and currency networks in cross‐border bank lending: lessons from the 2013 Fed Taper Tantrum. Review of Finance. 2019.
* Martina Jašová – Richhild Moessner – Előd Takáts: Domestic and global output gaps as inflation drivers: what does the Phillips curve tell?. Economic Modelling. 2019. * Aging and House Prices. Journal of Housing Economics. 2012. * A Theory of "Crying Wolf": The Economics of Money Laundering Enforcement. Journal of Law, Economics, and Organization. 2009. * Anders Frederiksen – Előd Takáts: Promotions, Dismissals, and Employee Selection: Theory and Evidence. The Journal of Law, Economics, and Organization. 2009.

Books

* Donato Masciandaro – Brigitte Unger – Előd Takáts: Finance: The economics of money laundering. Edgar Elgar Publishing. 2006

References

* {{DEFAULTSORT:Takáts, Előd 1975 births Living people Academic staff of the Corvinus University of Budapest Hungarian economists