Hélène Rey (born 1970) is a French economist who serves as Professor at

London Business School London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degrees in management and finance, MBA and PhD). Its motto is " ...

(LBS). Her work focuses on

international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...

, financial imbalances,

financial crises A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and man ...

and the

international monetary system An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have d ...

Early life and education

The daughter of a teacher and an engineer, Rey was born in

Brioude Brioude (; Auvergnat: ''Briude'') is a commune in the Haute-Loire department in the Auvergne-Rhône-Alpes region in south-central France. It lies on the banks of the river Allier, a tributary of the Loire. History At Brioude, the ancient ''Bri ...

of South-Central FranceAnnie Maccoby Berglof (14 June 2014
At home: Hélène Rey
''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Ni ...

''. in 1970, where she lived for the early years of her life, speaking both French and English. Rey received her undergraduate degree from

ENSAE Paris ENSAE Paris (officially École nationale de la statistique et de l'administration économique Paris) is a university in France, known as Grandes Ecoles and a member of IP Paris ( Institut Polytechnique de Paris). ENSAE Paris is known as the spe ...

in 1994 and a

Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast t ...

degree in Engineering Economic Systems from Stanford University the same year. She has

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

s from

Ecole des Hautes Etudes en Sciences Sociales The School for Advanced Studies in the Social Sciences (french: École des hautes études en sciences sociales; EHESS) is a graduate ''grande école'' and '' grand établissement'' in Paris focused on academic research in the social sciences. The ...

and London School of Economics, both in 1998.

Career

After working as a lecturer at LSE 1997–2000 Rey was assistant professor and later professor (2006) at

Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

where she also worked at Bendheim Center for Finance and

Woodrow Wilson School The Princeton School of Public and International Affairs (formerly the Woodrow Wilson School of Public and International Affairs) is a professional public policy school at Princeton University. The school provides an array of comprehensive course ...

.HÉLÈNE REY
CV. London School of EconomicsBio
Homesite. LSE. at WebCite. Rey was a member of the Conseil d'analyse économique which advises the

French Prime Minister The prime minister of France (french: link=no, Premier ministre français), officially the prime minister of the French Republic, is the head of government of the French Republic and the leader of the Council of Ministers. The prime minister i ...

on economic matters from 2010 to 2012, and since 2012 has been a member of the Commission Economique de la Nation which advises the Finance Minister of France. Rey is a regular contributor the French magazine '' Les Échos''. She became a co-editor of the '' Annual Review of Economics'' as of 2019. In 2013 Rey became the first woman to win the Yrjö Jahnsson Award, sharing the prize with

Thomas Piketty Thomas Piketty (; born 7 May 1971) is a French economist who is Professor of Economics at the School for Advanced Studies in the Social Sciences, Associate Chair at the Paris School of Economics and Centennial Professor of Economics in the I ...

. Rey was also awarded the Inaugural Carl Menger Preis in 2014, the 2015 Prix Edouard Bonnefous, the 2017 Maurice Allais Prize and the 2020 Prix Turgot.

Economic research

Rey focuses her research on the determinants and consequences of financial trade and economic imbalances, the theory of financial crisis, and how the international monetary system is organized. Through her research, she has shown that certain countries different gross external asset positions help them predict future financial positions along with their exchange rates. Rey is credited with ground-breaking research into the structure of international payments and capital flows. By examining the balance sheets of creditor and debtor nations, she offered new insights into relative returns on cross-border investments. She explained her approach in an interview with the ''Financial Times'', which wrote, "She also showed why the US is the world's banker. "We called it 'the US's exorbitant privilege'. The US earns more on external assets than it pays on external liabilities. It has an excess return on the order of 2 per cent ... So it issues a lot of government bonds that are happily bought by the rest of the world."

Other activities

Cercle des économistes Le Cercle des économistes is a French think tank founded in 1992 by Jean-Hervé Lorenzi. The association is made up of 30 economists who are also French university academics. It is a non-profit organization whose mission is to organize and prom ...

, MemberMembers

. *

French Prudential Supervision and Resolution Authority The French Prudential Supervision and Resolution Authority (french: Autorité de contrôle prudentiel et de résolution, ACPR), formerly known as Prudential Supervision Authority (french: Autorité de contrôle prudentiel, ACP), is an independent ...

(ACPR), Member of the Board (2010-2014)

Personal life

Rey is married to fellow professor of economics Richard Portes and the couple have a daughter. They live in London.

Awards and recognition

* Alfred P. Sloan Fellowship (2005) * Germán Bernácer Prize (2006) * Fellow of the

British Academy The British Academy is the United Kingdom's national academy for the humanities and the social sciences. It was established in 1902 and received its royal charter in the same year. It is now a fellowship of more than 1,000 leading scholars spa ...

(2011) *

Birgit Grodal Award Birgit Grodal (24 June 1943 - 4 May 2004), was an economics professor at the University of Copenhagen from 1968 until her death in 2004. Early life Birgit Grodal was born on 24 June 1943 in Copenhagen, Denmark. She grew up in Frederiksberg. She ...

(2012) * Fellow of the

European Economic Association The European Economic Association (EEA) is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna and its first president was Jacques Drèze. The current pres ...

(2013) * Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...

(2013) * Yrjö Jahnsson Award, shared with

(2013) * Named one of 25 brightest young economists by 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 glo ...

.Boby Michael (27 August 2014
IMF Lists 25 Brightest Young Economists
'' International Business Times''

Selected works

Book chapters

* * *

Journal articles

* * * * * *

Papers

References

External links

* {{DEFAULTSORT:Rey, Helene 1970 births Living people School for Advanced Studies in the Social Sciences alumni Stanford University alumni Academics of the London School of Economics Princeton University faculty French economists French women economists Economics educators 21st-century French economists People from Haute-Loire Fellows of the British Academy Fellows of the Econometric Society Feminist economists Sloan Fellows Fellows of the American Academy of Arts and Sciences Institute for New Economic Thinking Annual Reviews (publisher) editors