Konstantinos Loizos
Konstantinos Loizos
Research Fellow

Information

Banking Regulation, Development Finance
Development financing and financial systems, Financial regulation and deregulation with emphasis on bank regulation, Theory and history of economic institutions

1) Socio-economic morphology and structural features of Greek industrialists, 19th-20th c.
2) The relationship between financial development and financial regulation in a transaction
costs economizing framework
3) The importance of “trust” in the interbank market and the link between liquidity and
solvency risk
4) The development of economic and social institutions in modern Greece from a historical
political economy perspective
5) NPLs management: International experience and the the Greek case

Contact Info

...
Amerikis 11, Athens, 10672
210-3676305
210-3611136, 210-3630122

Curriculum Vitae

1. Education 

2010  Doctorate (DPhil) in Economics (National and Kapodistrian University of Athens, Department of Economics) Grade: Excellent

2006  Master of Philosophy (MPhil) in Economics (National and Kapodistrian University of Athens, Department of Economics) Grade: Excellent (8.5/10)

1999  Master of Science (MSc) in Financial Economics (University of London External Programme – Leading college SOAS) Grade: Distinction

1994  Ptychion (BSc Hons) in Public Administration (Economics major) (Panteion University of Political and Social Sciences) Grade: Very Good (7.86/10)

1989  Ptychion (BA Hons) in Sociology (Panteion University of Political and Social Sciences) Grade: Very Good (7.28/10)

 

2. Professional Experience 

2018-Today  Research Fellow at the Centre of Planning and Economic Research (KEPE)

2010-Today: Adjunct Lecturer at the National and Kapodistrian University of Athens,

                      Department of Economics

2015-Today:  Adjunct Lecturer at the Hellenic Open University, Department of Social

                      Sciences 

1986-2018 : Economist-Accountant in the private sector (free-lance)

 

 

3. Management duties:

 6/2019 – 10/2019: Member of the Board of Directors (non-executive) of the Hellenic                    Development Bank (former ETEAN)

 6/2019 – 10/2019: Member of the Board of Directors (non-executive) of the Hellenic                          Development Investment Bank (former TANEO)

 2019:                Chairman of the KEPE Publications Inventory Committee

 2019:                Member of the KEPE Supplies Committee  

  

4. Publications

Papers in referred Journals:

 

1)      Loizos, Κ. (2018) “The Financial Repression-Liberalization Debate: Taking Stock, Looking for a Synthesis”, Journal of Economic Surveys, 32(2), pp. 440-468.

2)      Loizos, Κ. (2017) “Alternative Financial Regimes and Development Banks in Greece 1963-2002: What Have We Learned?”, Economic Alternatives, 1, pp. 34-50.

 

Papers in KEPE’s Journal

 

1) Loizos, K. (2019) “Main demand components: Developments and prospects. Private consumption and investment” Greek Economic Outlook, 40, pp. 7-13.

2) Loizos, K. (2019) “Breakthroughs in development financing: The Hellenic Development Bank”, Greek Economic Outlook, 39, pp. 50-52.

 

Chapters in Books:

 

1)      Loizos, K. (forthcoming) “A Brief Economic History of Repeated Defaults” in Petrakis, P.E. & Kostis, P.C. The Evolution of the Greek Economy. Past Challenges and Future Approaches. Palgrave Macmillan

2)      Loizos, K. (forthcoming) “The Institutional Evolution and the Failed Modernizing Attempts” in Petrakis, P.E. & Kostis, P.C. The Evolution of the Greek Economy. Past Challenges and Future Approaches. Palgrave Macmillan

3)      Loizos, K. (2019) “Solving the NPLs’ problem in Greece: Where do we stand?” in Ten years into the global financial crisis - The current state of finance in the EU: Prospects and alternatives, Nicos Poulantzas Institute, transform! Europe /   EuroMemorandum Group

4)      Loizos, K. (2012) “The Bank of Greece and the management of the inter-war crises, 1929 -1940: Changing the Central Banking Paradigm”in Psalidopoulos, M. (ed.) The Great Depression in Europe: Economic Thought and Policy in a National Context, The Alpha Bank Historical Archives, pp. 169-196.

 

5)      Loizos, K. (2012) “Development Banking in Greece 1963 – 2002: Performance and Institutional Transformation” in Petmezas,S. , Charlafti, T., Lymperatos, Α. and Papakonstantinou, Κ. (eds.) Theoretical Inquiries and Empirical Research.Proceedings of the International Conference in Economic and Social History. Rethymno 10-13.12.2008, Athens: University of Crete, School of Philosophy and Alexandria, pp. 229-258.

 

6)      Thomadakis S. and Loizos, K. (2011) “Financial Regulation and the Cost of Capital of Credit Institutions”, in Hardouvelis G. & Ch. Gortsos (eds.) The international crisis, the Eurozone crisis and the Greek financial system, Hellenic Bank Association, pp. 541-553 (in Greek).

 

7)      Loizos, K. (2009) “Demand for money in Friedman and the ‘general’ theory of capital”, in Donatos, G., Κ. Vaitsos, G. Stournaras, M. Zoumpoulakis and & Κ. Loizos Milton Friedman. Monetarists Quests, Athens: After midnight publ., pp. 41-46. (in Greek)

 

 

 Books:

 

1) Lialiouti, T. Eleftheriou, K &  Loizos, K. (2017) The history of Piraeus Traders’

    Association, Athens: PTA & NCCE (in Greek)

 

2) Aranitou V. & Loizos K. (2014) The collective representation of 

     merchants. From the 19th century to the National Confederation of Hellenic Commerce,

     Athens: NCHC. (in Greek)   

 

Working,  Discussion and Conference Papers:

1)    Loizos, K. (2019) “Alternative Policy Choices related to NPLs: Is there a Theoretical Perspective?”, Working paper presented at the Workshop on “The current state of finance in the EU: Prospects and alternatives”, Nikos Poulantzas Institute, Athens, March 28-29

2)    Loizos, K. (2018) “Socioeconomic morphology and structural characteristics of Greek industrial entrepreneurship during the 19th and 20th century”, Greek Economic History Society Seminar Series, Athens, December 10.

 

3)    Loizos, K. (2018) “Piraeus merchants in the era of fascism and war1936-1945: Seeking the balance between the market and the state”, Conference of ICS HCCE and Greek Economic History Society, Athens Greece, February 5 2018

4)    Loizos, K. (2017) “The Interbank Market, State of Confidence and the Link between Liquidity and Solvency Risk”, Working Paper presented at the 8th National Conference of the Financial Engineering and Banking Society at the University of Athens, Greece in December 18-19 2017.   

5)    Loizos, K. (2015) “The Role of the Interbank Market in Destabilizing Securitization and the Implications for Bank Regulation” 

6)    Loizos, K. (2014) “How Financial Innovation might Cancel Out Bank Regulation along Financial Cycles”, Post-Keynesian Economics Study Group (PKSG)Working Paper No 1403, pp. 1-33 presented at the IIPPE 5th Annual Conference in Political Economy at the University of Naples L’Orientale, Italy in September 16-18 2014.

7)     Thomadakis S. & Loizos, K. (2014)“Financial Regulation and Financial Development: trade-off or synergy? A Transaction Costs Approach”, Working Paper presented at the  18th Conference of the International Society for New Institutional Economics (INSIE) at Duke University, NC USA in June  19-21 2014

8)    Loizos, K.  (2011) “A Note on Chapter 29 of Keynes’s Treatise on Money”, MPRA Working Paper No 54022, pp. 1-6, University Library of Munich, Germany

9)    Loizos, K.  & Thompson, J. (2001) "The Demand for Money in Greece1962-1998", CeFimsDiscussionPaperNo 14, pp 1-25, SOAS, University of London

 

 

PhD Thesis and Master's Dissertations:

1)      Loizos, K. (2010) Essays on Financial Regulation and Financial Development, pp. 358, PhD Thesis, UADPhilEcon, National and Kapodistrian University of Athens

Essays:

i)                    “Financial Regulation and Financial Development: a Transaction Cost Approach”

ii)                  “Development Banking and Institutional Transformation. The Case of Greece 1963-2002”

iii)                “Is There an Optimal Degree of Financial Regulation?”               

 

2)      Loizos, K. (2006) The Financial Repression/Liberalization Debate. A Survey of the Literature, pp. 53, MPhil Dissertation, UADPhilEcon, National and Kapodistrian University of Athens

 

3)      Loizos, K. (1999) An Application of Error Correction Modelling in the Demand for Money in Greece 1962Q1-1998Q3, pp. 85, MSc Dissertation, SOAS, University of London

4. Teaching Experience

2018 – 2019         Course “Banks’ Strategy”  

                               (taught by distance learning at the Hellenic Open University

                                (post-graduate level )  

 

2018 – 2019          Course “Bank Management – Special Issues”  

                               (Modules: “Financial System and Monetary Policy”, “Institutional and

                                Regulatory Banking Environment”, “Commercial Banks’ Management”,

                               “Banking Risk Management”

                                (taught  University of Athens, Dep. of  Economics)

                                (post-graduate level )  

 

2015 – 2018          Course “Banking environment”

                               (taught by distance learning at the Hellenic Open University

                                (post-graduate level )  

 

2011 – 2012 and

2013 – 2018          Course “Microeconomics of Banking”

                               (taught at the University of Athens, Dep. of  Economics)

                               (with S. Thomadakis)

                                (post-graduate level )  

 

2010 – 2018          Course “Reading Keynes’s General Theory 

                                (taught at the University of Athens, Dep. of  Economics)

                                 (with G. Krimpas )

                                (post-graduate level )  

 

2015 – 2018          Course “Financial Management in the Public Sector”

                                (taught at the University of Athens, Dep. of  Economics) 

                                (with S. Thomadakis and I. Katsampoxakis)

                                (post-graduate level )

 

2016 – 2017           Course “History of Economic Thought”

                                 (taught at the University of Athens, Dep. of  Economics)

                                 (with K. Passas and V. Missos)

                                (post-graduate level )  

 

 

2016 – 2018           Course “Capital Market Regulation”

                                (taught as part of a Post-Graduate degree in Banking offered by the

                                 Alpha Bank in collaboration with the University of Athens)     

 

2014 – 2016           Course “Capital Market and Financial Institutions Regulation”

                               (taught at the University of Athens, Dep. of  Economics) 

                               (with S. Thomadakis)

                                (post-graduate level )  

 

2015 - 2016             Course “History of Enterprises and Financial Institutions”

                                 (taught at the University of Athens, Dep. of  Economics)                          

                                (under-graduate level )  

 

2013 – 2014          Course “Monetary Policy and Financial Regulation”

                               (taught at the University of Athens, Dep. of  Economics)

                               (with S. Thomadakis and L. Papademos)

                                (post-graduate level )  

 

2012 – 2013          Course “Capital Market and Financial Institutions Regulation”

                               (taught at the University of Athens, Dep. of  Economics)

                               (with S. Thomadakis and I. Pepelasis)

                                (post-graduate level )  

 

2012 – 2013          Course “Financial Macroeconomics and Bank Regulation” 

                              (taught at the University of Athens, Dep. of  Economics)

                              (with G. Argeitis)

                                (post-graduate level )  

 

2011 – 2012          Course “Market Institutions and Regulation”

                               (taught at the University of Athens, Dep. of  Economics)

                               (with S. Thomadakis and I. Pepelasis)

                                (post-graduate level )  

 

2016 – 2018         Supervisor of MSc Dissertations in Banking at the

                              Hellenic Open University, School of Social

                              Sciences

5. Other Academic and Related Activity 

Editorials:

1)      Stournaras, I., Y. Varoufakis, Μ. Ζoumpoulakis, Ν. Theocharakis & Μ. Psalidopoulos (2010) Paul Anthony Samuelson. The founder of neoclassical synhtesis, Loizos, K. (ed.), Athens: After midnight publ. (in Greek)

2)      Donatos, G., V. Droukopoulos, Α. Papandreou & G. Stasinopoulos (2009) John Kenneth Galbraith. In search of “the good society”, Loizos, K. (ed.), Athens: After midnight publ. (in Greek)

3)      Donatos, G., Κ. Vaitsos, G. Stournaras, M. Zoumpoulakis and & Κ. Loizos (2009) Milton Friedman. Monetarists Quests, Loizos, K. (ed.), Athens: After midnight publ. (in Greek)

Articles in Newspapers:

1)     Loizos, K. (2012) “The first credit card”, Κathimerini November, 4 (in Greek)

2)     Loizos, K. (2011) «The post-war economic system. The General Agreement on Tariffs and Trade (GATT) and the international trade relations from WWII till today”, Kathimerini December 24-25 (in Greek)

6. Member of Scientific Societies:          

 

v  Post Keynesian Economics Society, UK (PKES former PKSG)

v  Society for Institutional and Organizational Economics (SIOE former ISNIE)

v  International Initiative for Promoting Political Economy (IIPPE)

v  Monetary Research Center, University of National and World Economy, Bulgaria (fellow)

v  Financial Engineering and Banking Society (FEBS)

v  Greek Scientific Society of Political Economy

v  Greek Economic History Association 

v  Economic Chamber of Greece