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Werner Hermann is head of International Research and Technical Assistance at the Swiss National Bank. He joined the Swiss National Bank in 1986, where he has been the Head of the International Monetary Relations Department and Head of the Banking Studies Unit. He served at the Bank for International Settlements (BIS), including the Committee on the Global Financial System and the Basel Committee of Bank Supervisors. From 1988 to 1989, Hermann was visiting scholar at the Federal Reserve Bank of St. Louis. Prior to joining the Swiss National Bank, he taught at the University of Basel and he was a member of the Basel Business Cycle Research Group (BAK), where he worked on a large econometric model of industrialized countries for the Swiss National Science Foundation and corporate customers. He received a doctorate in Economics from the University of Basel. His fields of interest are the financial system and issues of economic growth, especially in transition economies.
Central Asia and the Caucasus are receiving an increasing international recognition as a region that holds the key for Eurasia′s future. This book makes a valuable contribution in identifying the priorities and policy prescriptions that will help the economics of Central Asia to realize their promise.
This book is a must read for experts and nonexperts interested in Central Asia and the Caucasus. It covers in one place, in depth and in vivid form the most important economic and political dimension of this critical region.
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