Peter Bofinger is currently Full Professor of Economics, Money and International Economic Relations (C4 chair) at the University of Würzburg, a position he has held since August 1992. Since March 2004, he has also been a Member of the German Government’s Council of Economic Advisors (Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung). Bofinger is a graduate of the University of Saarbrücken, having received his Diplom-Volkswirt in 1978, his Ph.D. in 1984, and then his Habilitation and venia legendi in economics in 1990. He held a number of posts, including as an Economist at the German Council of Economic Advisors; Lecturer at the Department of Law and Economics, University of Saarbrücken; and Economist with the Deutsche Bundesbank. Aside from these positions, Dr Bofinger has also been a Visiting Scholar in the Research Department at the International Monetary Fund and at the Federal Reserve Bank of St. Louis. His main fields of research are monetary and exchange rate economics, financial markets and economic reforms in developed and emerging market economies.