Marcus Miller is Emeritus Professor of Economics and Research Associate of ESRC Centre for Competitive Advantage in the Global Economy at the University of Warwick. He is Research Fellow at CEPR, London. Educated at Oxford University (PPE) and Yale University (Ph. D), his previous academic career includes posts at the London School of Economics and Manchester University, with visiting positions at Chicago University Business School and Princeton University. He has worked as an Economist at the Bank of England (and later held Houblon-Norman Fellowships there); acted as Adviser to the Treasury Committee of the House of Commons; was Member and Chair of Academic Panel of the Treasury and was Joint Director of International Macroeconomics Programme at CEPR from1986 to 1991. Over the years he has been visiting Fellow/Economic Consultant at the OECD, TACIS (Technical Assistance to the CIS, on Macroeconomic Policy in the Ukraine), IMF, World Bank, ECB; and also at the Inter-American Development Bank. Miller was a Contributing Editor to Exchange Rate Targets and Currency Bands (with Paul Krugman), CUP (1992) and the Asian Financial Crisis (with P. Agenor et al.), CUP (1999), among other books published. Recent co-authored papers include “QE and Tobin’s Q” and “When bigger isn’t better: bailouts and bank reform” in Oxford Economic papers; and “Eurozone Sovereign Debt Restructuring” in Oxford Review of Economic Policy. His current research topics involve: endogenous financial crises, the Smithian theory of growth; and the significance of 'moral sentiments' for the clash of civilisations. .