Fabrizio Coricelli is Professor at the University of Siena, Emeritus Professor at Paris School of Economics as well as Research Fellow at the Centre for Economic Policy Research (CEPR), London. He is also CEPR-Director of the European Central Banking Network (ECBN). He has taught at University Paris 1 Panthéon-Sorbonne, Paris School of Economics and at Central European University in Budapest. He has worked as: Director of Research at the European Bank for Reconstruction and Development (EBRD) during 2007-08; Economic Adviser at the European Commission during 2001-02; Senior Economist at the World Bank during 1989-1993; and Economist at the International Monetary Fund during 1987-89. His research and professional activity has concentrated on international economics and the economics of economic and political integration, with special focus on the European Union and on transition countries. He holds a Ph.D. in Economics from the University of Pennsylvania.