CURRICULUM VITAE PERSONAL DATA Name Address RICARDO CABRAL Universidade da Madeira Departamento de Gestão e Economia 9020 - 105 Funchal Phone and e-mail +351 291 705 049, [email protected] EDUCATION 8/1993 – 5/1998 10/1987 – 12/1992 PhD in Economics, University of South Carolina, USA - Teaching Assistant (Department of Economics) - Graduate Assistant (Division of Research) - Scholarships from the Luso-American Foundation and the Portuguese National Science Foundation - Internship, World Bank, Washington, DC, USA (1996) Electrical and Computer Engineering degree, IST, Technical University of Lisbon, Portugal - Internship with Siemens AG, Medical Engineering Group, Erlangen (1993) - Thesis done at Siemens AG, Medical Engineering Group, Erlangen (1992) - Teaching Assistant, Mathematics department (1990-1991) PROFESSIONAL EXPERIENCE I have 12 years of international professional experience based in Germany, France, Brasil, and the US. I have held positions with budget and staff management responsibilities Assistant Professor, Social Sciences Center, University of Madeira, Portugal since 2004 12/2008-11/2009 Page 1/5 – CV of Ricardo Cabral, March 2013 - Teaching and research focus in Macroeconomics, Industrial Organization - Chair, Department of Management and Economics (2006 - 2008) - One of six members of the University’s Executive Board (2006 - 2008) - Member of various University and National scientific committees - Visiting Researcher, European School of Management and Technology (ESMT) Competition Analysis Unit, Berlin (08-09/2008) - Visiting Researcher, WZB Wirtschaftszentrum Berlin (08-09/2007) - Coordinator of academic conferences: PEJ (2009) and AIO-CEPR (2006) - Presentations in numerous economics conferences and seminars Secondment to the Ministry of Finance and Public Administration, Office for Strategy, Planning, Economic Policy and International Affairs (GPEARI), Lisbon, Portugal - Analysis of Portugal’s international competitiveness and debt sustainability - Analysis of the causes of the financial crisis and of the monetary policy response since 2001 02/1999 – 02/2004 Regular expert evaluator for the European Commission Framework Programmes 5, 6, and 7: eTEN, eContent, IST, and RB-SMEs programmes - Evaluation of technical and market feasibility of proposals submitted by consortia of firms, research institutes, and/or government institutions - Preparation of recommendations as basis for EU project funding decisions Siemens AG, Mobile Networks, Intelligent Networks Unit, Germany (ca.€500M Revenues, World market leader, ca. 150M subscribers) - Senior Project Manager for Indonesian $30M/year telecom project - Technical Project Manager for Colombian $18M telecom project - Proposed various novel technical concepts, including migration concept for live platforms with several million subscribers - Key role in the acquisition of new projects, including participation in CTO, COO, CIO-level negotiations of leading South America operator 09/1998-01/1999 Mandatory Military Service in the Army, officers’ training program 10/1998-01/1999 Invited Assistant Professor, Masters in Industrial Economics, University of Minho, Portugal 04/1998 – 08/1998 Consultant, The World Bank (Brasilia Office), Brasil - Prepared dissemination note and cost-effectiveness analysis about procurement method for acquisition of management information systems for schools in Paraná and Minas Gerais, Brasil - Appraised school ICT management systems projects (US$ 47M) PUBLICATIONS AND RESEARCH PROJECTS My recent macroeconomic research focuses on the euro zone sovereign debt crisis, on banking, monetary policy, and on external debt crises. My research has looked into the role of the Basel Capital Accords and of the reserve requirements regulations on the 2007-2008 financial crisis. On account of my research I was invited to appear before the Economic and Monetary Affairs Committee of the European Parliament. My publication record builds on years of applied (econometric) research. I am familiar with the macroeconomic data (and sources) for several EU countries. Refereed Journal Publications - A perspective on the symptoms and causes of the financial crisis. Journal of Banking and Finance 37, 103-117, 2013, Link. - How Do Mobile-Voice Operators Compete? IVQR Estimates, with Andini, C. Applied Economics Letters 20, 18-22, 2013, Link. - Merger simulation using average market share: an application to the Optimus-TMN mobile merger case, with Andini, C. Telecom Policy 35, 3650, 2011, Link. - Adoption of a Process Innovation with Learning-by-Doing: Evidence from the Semiconductor Industry, with Leiblein, M. Journal of Industrial Economics 49, 269-280, 2001, Link. Page 2/5 – CV of Ricardo Cabral, March 2013 Chapters/Prefaces - O euro em crise: cronologia e análise (The euro in crisis: chronology and analysis). In: Celorico Palma, C., Paz Ferreira, E., Taveira Torres, H. (eds.), Estudos em Homenagem ao Professor Doutor Alberto Xavier (Book in honor of Professor Alberto Xavier). Lisboa: Almedina, 2013, Link. - Preface to Nascimento Rodrigues, J. Portugal na bancarrota: Cinco séculos de história da dívida soberana portuguesa (Portugal in bankruptcy: Five centuries of the history of the Portuguese sovereign debt). V. Nova Famalicão: Centroatlantico.pt, 2012, Link. - Como pode a UE reconhecer os seus erros? (How can the EU recognize its mistakes?) In Paz Ferreira, E. (ed.), 25 anos na União Europeia: 125 reflexões (25 years in the European Union: 125 opinions). Lisboa: Almedina, 599-603, 2011, Link. - Dívida: Como explicar o crescimento da dívida externa nacional desde 1996? (Debt: How can external debt growth since 1996 be explained?) In Barreto, A. (ed.), Anuário XXI, Ter Opinião 2012: Dias inquietos (Yearbook XXI, To Have an Opinion 2012: Disquieting Days). Lisboa: Fundação Francisco Manuel dos Santos, 24-33, 2011, Link. Other publications - Portugal no contexto Europeu, with Paes-Mamede, R., Rodrigues, J., Teles, N. Policy paper, Rede Economia com Futuro, 2013, Link. - The euro crisis and Portugal’s dilemma. Intereconomics: Review of European Economic Policy 48, 27-32, 2013, Link. - The roots of the euro crisis lie at the doorsteps of the ECB. EconoMonitor, 1 Oct. 2012, Link. - Construir uma alternativa à austeridade: “Não há nada a temer, senão o próprio medo”, Franklin Delano Roosevelt, 1933 (Building an alternative to austerity: “The only thing we have to fear is fear itself”, Franklin Delano Roosevelt, 1933). Policy note, Congresso Democrático das Alternativas, 10 Sept. 2012, Link. - Further austerity and wage cuts will worsen the euro crisis, with Andini, C.. IZA Policy paper No. 37, 2012, Link. - There are better ways forward for the EU. VoxEU.org, 20 Oct. 2011, Link. - How much will the new Greek bailout cost private bondholders? VoxEU.org, 29 Jul. 2011, Link (Editor’s choice). - The troika should target the trade and the income balance deficits. VoxEU.org, 15 May 2011, Link. - E-bonds: Europe’s own subprime teaser rates. VoxEU.org, 15 Dec. 2010, Link. - The PIGS’ external debt problem. VoxEU.org, 8 May 2010, Link. - Regulators Share Blame for the Financial Crisis. Seekingalpha.com, 7 Sept. 2008, Link. - Porsche AG's Volkswagen Takeover. Seekingalpha.com, 17 Dec. 2007, Link. Page 3/5 – CV of Ricardo Cabral, March 2013 - Banks face perfect storm. 2 Oct. 2007, Link. - ECB Nov. 9th, 2005 policy increases systemic risks. 9 Jan. 2007, Link. Working papers - Portugal’s competitiveness: dealing with the unpalatable. Mimeo. Lisbon: GPEARI, Ministry of Finance and Public Administration, 2009. - The 2008 financial crisis: understanding its causes and evaluating the monetary policy response. Mimeo. Lisbon: GPEARI, Ministry of Finance and Public Administration, 2009. Research Projects - Coordinator of study “The Macroeconomic Impact of Renewable Energy Projects” funded by EEM (2009-2011). - „Analysis of the broadband connection of the Autonomous Region of Madeira“, funded by Tecnopolo on behalf of the vice-presidency of the regional government of Madeira (2008). - “Econometric analysis of pricing strategies of mobile operators”, funded by the telecommunications regulatory authority ICP-ANACOM (2005-2006). - União Bancária: Um passo favorável aos interesses dos consumidores? SELECTED INVITED SPEECHES (Banking Union: A process favorable to consumers?), 21 Jan. 2013, DECO, ISEG-UTL, Lisbon, Link. - The euro crisis: Made in ECB? Dukascopy TV Webinar, 14 Jan. 2013, Link1, Link2. - O euro em crise (The euro in crisis). Fundação J. Silvério Pires, 4 Dec. 2012, Funchal, Link. - A insustentável natureza desta dívida (The unsustainable nature of this debt). Budget Watch Orçamento do Estado 2013, 26 Nov. 2012, ISEGUTL, Lisbon, Link. - A Economia Portuguesa e a Crise Europeia. Como chegámos até aqui? (The Portuguese Economy and the European Crisis: How did we get here?). V Funchal International Conference, 9 Nov. 2012, Funchal, Link. - Denúncia é melhor que esta ‘austeridade’ (The denounce of the memorandum is better than this ‘austerity’). Congresso Democrático das Alternativas, 5 Oct. 2012, Lisbon, Link. - Austeridade: “An nescis, mi fili, quantilla prudentia mundus regatur?” International Economics Conference “Portugal na Encruzilhada da Europa” (“Portugal at the crossroads of Europe”), 19 May 2012, Lisbon, Link. - Testimony before the Economic and Monetary Affairs Committee of the European Parliament, Public Hearing on “Economic Governance and Crisis Management in the EU”, 17 Oct. 2011, Brussels (Prepared remarks, Video). - A solução está nas nossas mãos (The solution is in our hands). International Conference IDEFF/OTOC “E depois da troika?” (“And after the troika?”) 4 Jul. 2011, Lisbon, Link. Page 4/5 – CV of Ricardo Cabral, March 2013 INTERVIEWS, CITATIONS, AND OPINION TV and Radio Interviews: - BBC World News TV (live), Radio France Internationale, Portuguese media Published interviews: - Expresso, Jornal de Negócios, Público, Dukascopy TV Citations: - BBC Online, Bloomberg Business Week, Financial Times, Associated Press, Eurointelligence, Radio France Internationale, Dukascopy, Expresso, Jornal de Negócios, Jornal i, Jornal de Noticias, Diário de Notícias Opinion: - Diário de Noticias, Diário Económico, Público, The Portuguese Economy blog (Please see further details available at http://www.uma.pt/rcabral) LANGUAGE SKILLS Portuguese Native speaker English Fluent German Very good Spanish Good French Good IT SKILLS - Page 5/5 – CV of Ricardo Cabral, March 2013 Experience with econometric, statistical and mathematical software packages STATA, TSP, SAS, and with MATHEMATICA Proficient with office productivity tools