Richard Werner

Werner was born in Germany and studied in the United Kingdom. In 1989, he earned a BSc in economics at the London School of Economics (LSE). During his postgraduate studies at Oxford University he spent over a year in Japan, studying at the University of Tokyo and working at the Nomura Research Institute. His DPhil in economics was conferred by the University of Oxford. In 1991, he became European Commission-sponsored Marie Curie Fellow at the Institute for Economics and Statistics at Oxford. His 1991 discussion paper at the institute warned about the imminent 'collapse' of the Japanese banking system and the threat of the "greatest recession since the Great Depression". In Tokyo, he also became the first Shimomura Fellow at the Research Institute for Capital Formation at the Development Bank of Japan. He was a visiting researcher at the Institute for Monetary and Economic Studies at the Bank of Japan; and he was a visiting scholar at the Institute for Monetary and Fiscal Studies at the Ministry of Finance.