Alicia García-Herrero
Spanish economist and academic
From Wikipedia, the free encyclopedia
Alicia Garcia Herrero is a Spanish economist specializing on Asian economies, with special attention to China’s financial system, renminbi internationalization and the economic implications of China’s growing global influence.
This is particularly the case for EU-China relations, which she covers regularly in her monthly newsletter and podcast with Europe’s most famous economic think tank, Bruegel,[1] but also China’s ties with Latin America and the Middle East. Her analysis is frequently cited by international media and she advices policymakers (including the Spanish government but also the Hong Kong Monetary Authority Research Arm, and financial institutions in discussions.
Based in Hong Kong, she currently serves as Chief Economist for Asia-Pacific and the Middle East at the French investment bank Natixis.[2] In addition, García-Herrero is an independent board member at the insurance company AGEAS.[3] She also holds adjunct professor positions at Hong Kong University of Science and Technology[4] (HKUST) and Sunyatsen University.[5] García-Herrero is also leading the US-based think tank on innovation, Portulans Institute,[6] as board member, and is a non-resident research fellow at the East Asia Institute of the National University of Singapore[7] (EAI of NUS).
Education
García-Herrero studied business administration and economics in Spain and Italy, earning degrees from the University of Burgos.[8] and Bocconi University.[9] She subsequently pursued graduate studies in International Economics at Kiel Institute of World Economics[10] in Germany before completing her PhD in Economics at George Washington University[4] in the United States, where her doctoral research examined financial stability and the role of central banks.
Alongside her training in economics, García-Herrero also studied philosophy at the Universidad Nacional de Educación a Distancia[11] (UNED) in Spain and later completed executive education at Harvard Kennedy School.[12]
Professional career
García-Herrero began her career at the International Monetary Fund[13] (IMF), where she worked on monetary and financial issues, before serving as an adviser to the Executive Board of the European Central Bank[14] (ECB) and later heading the International Economics Division at the Bank of Spain.[15] During this period, her work focused on international finance, monetary policy, and the global economy.
In 2006, she joined the Bank for International Settlements,[16] in Hong Kong as Senior Economist for Asia and the Pacific, marking a shift in her research towards Asian economies and financial markets. She subsequently served as Chief Economist for Emerging Markets at BBVA,[17] where she led research on economic and financial developments across emerging economies.
Academic and policy engagement
García-Herrero has maintained an active academic presence throughout her career, holding positions at prestigious institutions across Europe, Asia, and North America. She served as Associate Professor at Universidad Autónoma de Madrid[18](UAM) as well as Assistant Professor at Universidad Carlos III de Madrid[19] in Spain.
Her international academic experience includes a Visiting Professorship at Johns Hopkins University[20] in Italy, and Visiting Faculty positions at China Europe International Business School [21] (CEIBS) in Shanghai. In Hong Kong, she holds Adjunct Professor positions at both the Hong Kong University of Science and Technology[4] (HKUST) and Sunyatsen University.[5] She previously served as Adjunct Professor at Lingnan University[22] in Hong Kong, contributing to the university's economics and finance programs.
Since 2005, she has been affiliated with Bruegel,[23] where her research has focused on international economics, China, and Europe–Asia relations. She has also been associated with policy and research institutions including the East Asian Institute of the National University of Singapore[24] (EAIof NUS), the MERICS,[25] and the Real Instituto Elcano.[26]
These advisory roles position her at the forefront of European strategic thinking on Asian economic and geopolitical developments.
In addition to her research and academic roles, García-Herrero serves as an Independent Board Member at AGEAS,[3] the Belgian-Dutch insurance company, where she provides expertise on Asian market dynamics and regulatory developments affecting the insurance sector.
Publications and media contributions
García-Herrero has published academic research, policy studies, and book chapters on international economics, financial markets, and China’s economy. She is also a frequent contributor to public debates on economic policy and has written for publications including the Financial Times,[27] Nikkei Asia Review,[28] Project Syndicate,[29] Forbes,[30] EL PAÍS,[31] Les Echos,[32] Handelsblatt,[33] Il Sole 24 Ore,[34] South China Morning Post,[35] etc...
Her analysis has been cited by international media outlets including Bloomberg,[36] CNBC,[37] CNN,[38] Reuters,[39] etc. Finally she is widely followed in social media, especially Linkedln.
Publications
- "How Does China Conduct Industrial Policy: Analyzing Words Versus Deeds". Journal of Industry, Competition and Trade 24, 10, 27-04-2024.
- "Promotion of high-capacity broadband in the face of increasing global stress", Telecommunications Policy, 22-11-2023.
- "Will the Belt and Road Initiative Be Another Casualty of the Pandemic?", Georgetown Journal of International Affairs, 11-11-2022.
- "China’s State-Owned Enterprises and Competitive Neutrality", HKUST IEMS Thought Leadership Briefs, no. 54, 2021.
- "Europe in the Midst of China-US Strategic Economic Competition: What Are the European Union’s Options?", Journal of Chinese Economic and Business Studies, Vo.17 (4), 2019.
- "How Does China Fare on the Russian Market? Implications for the European Union", Russian Journal of Economics, Vol.5 (4), 2019
- "The Regulatory Arbitrage and Window Dressing in Shadow Banking: The Example of Chinese Wealth Management Product", Economics and Political Studies, Vol.7 (3), 2019.
- "Mexico’s Monetary Policy Communication and Money Markets", International Journal of Economics and Finance, Vol. 11, No. 2, 10-01-2019.
- "Analyzing the Impact of Monetary Policy on Financial Markets in Chile", Economic Analysis Review, Vol. 32 No. 1, 08-11-2017.
- "Financial inclusion, rather than size, is the key to tackling income inequality" , The Singapore Economic Review. 63 (1): 167–184, 08-11-2017.
- "China's Belt and Road Initiative: Can Europe Expect Trade Gains?" , China & World Economy. 25 (6): 84–99, 2017.
- "The mix of international banks' foreign claims: Determinants and implications" , Journal of Banking & Finance. 31 (6): 1613–1631, 2017.
- "Do as I Do, and Also as I Say: Monetary Policy Impact on Brazil's Financial Markets". Economía. 17 (2): 65–92, 10-05-2017.
- "Do Asian investors rebalance their portfolios and what are the consequences?", Journal of Asian Economics. 18: 195–216, 2017.
- "Does China have an impact on foreign direct investment to Latin America?" , China Economic Review. 18 (3): 266–286, 2017.