Lucio Sarno is a Professor of Finance at Cambridge Judge Business School, University of Cambridge. He is also a Research Fellow of the Centre for Economic Policy Research (CEPR), London. He previously held teaching and research positions at several universities, including the University of London, University of Warwick, the University of Oxford, and Columbia University. He was also the Director of Currency Research at AXA Investment Managers. He has been involved in policy advice, training, research and consulting projects for a number of institutions, including the International Monetary Fund, the European Central Bank, the US Federal Reserve, the Bank of England, the Bank of Canada, the Central Bank of Norway, the Italian Ministry of Economy and Finance, the World Bank, the European Commission, and a number of banks and asset management companies. Lucio is the author of several books and over 90 articles in leading refereed economics and finance journals, including the Journal of Economic Literature; Journal of Finance; Journal of Financial Economics; Review of Financial Studies; Journal of Financial and Quantitative Analysis; Review of Economics and Statistics; International Economic Review; Journal of Monetary Economics; Journal of International Economics; AEJ: Macroeconomics; Journal of the European Economic Association; Journal of Development Economics. He has also written and edited several books, including the edited volume The Handbook of Exchange Rates (Wiley, 2012) and a graduate textbook on The Economics of Exchange Rates (Cambridge University Press, 2003).