Prof. Michael Bordo is currently National Fellow at Hoover Institution, Stanford University, USA. He has held previous academic positions at the Rutgers University, University of South Carolina and Carleton University in Ottawa, Canada. He has been a visiting professor at the University of California at Los Angeles, Carnegie Mellon University, Princeton University, Harvard University, and Cambridge University, where he was Pitt Professor of American History and Institutions, and a visiting scholar at the International Monetary Fund, the Federal Reserve Banks of St. Louis and Cleveland, the Federal Reserve Board of Governors, the Bank of Canada, the Bank of England, and the Bank for International Settlements. He is a research associate of the National Bureau of Economic Research, Cambridge, Massachusetts. He is also a member of the Shadow Open Market Committee. He has an M. Sc. Degree in economics from the London School of Economics, and earned Ph. D. from the University of Chicago in 1972. He has published many articles in leading journals and ten books in monetary economics and monetary history. He is editor of a series of books for Cambridge University Press: Studies in Macroeconomic History.

His primary research interests focused on three themes: (i) monetary theory and history; (ii) modern quantity theory of money and monetary policy; and (iii) monetary regimes. His early work was an extension of the modern quantity theory of money. Prof. Bordo’s work on the monetary policy from historical perspective covered a number of themes: the historical origins of the central banks; the history of financial crises; operations of the lender of last resort; war finance by monetary and fiscal authorities in an environment of optimal public finance; and the case for stable money, etc.