Carmen M. Reinhart is a former Chief Economist of the World Bank and the current Minos A. Zombanakis Professor of the International Finance System at the Harvard Kennedy School. She is co-author of the 2011 book This Time is Different: Eight Centuries of Financial Folly, which has been translated into... Read more
Carmen M. Reinhart is a former Chief Economist of the World Bank and the current Minos A. Zombanakis Professor of the International Finance System at the Harvard Kennedy School. She is co-author of the 2011 book This Time is Different: Eight Centuries of Financial Folly, which has been translated into over 20 different languages. As a thought leader Carmen has done much to demystify the recurring boom-and-bust cycles suffered by emerging markets and mature economies alike.
Carmen’s posts include Chief Economist at Bear Stearns, Policy Advisor and Deputy Director at the International Monetary Fund and she sits on both the Advisory Panel of the Federal Reserve Bank of New York and the Congressional Budget Office Panel of Economic Advisors. Carmen’s tenure as Senior Vice President and Chief Economist at the World Bank Group ran from 2020 to 2022, and she has testified before Congress.
Carmen M. Reinhart is a Senior Fellow at the Council for Foreign Relations and has been awarded several prizes, including the King Juan Carlos Prize in Economics and the National Association for Business Economics’ Adam Smith Award. In 2023 Carmen received a Doctor of Laws from the University of St Andrews for her major contribution to Economics and is an elected member of the Group of Thirty, or G30.
As a ten year old, Carmen M. Reinhart moved from Cuba to the US with her family. She enrolled at Miami Dade College and later moved to Florida International University where she graduated summa cum laude with a BA in Economics. Her studies continued at Columbia University, where she gained a Masters and, later, a PhD studying for her thesis under Nobel Prize winner Robert Mundell.
Carmen is the author of many well-received papers on economic theory. Her name has appeared on many lists, including Foreign Policy’s Top 100 Global Thinkers, Thomson Reuters’ The World’s Most Influential Scientific MInds and Bloomberg Markets Most Influential 50 in Finance.