Steve H. Hanke is a professor of applied economics and founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University.
Hanke is a senior fellow at the Cato Institute in Washington, D.C., a senior fellow at the Independent Institute in Oakland, California, a senior adviser at the Renmin University of China’s International Monetary Research Institute in Beijing, and a special counselor to the Center for Financial Stability in New York. Hanke is also a contributing editor at Central Banking in London and a contributor at National Review. In addition, Hanke is a member of the charter council of the Society for Economic Measurement and of the Euromoney Country Risk’s experts panel.
In the past, Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a member of the Governor’s Council of Economic Advisers in Maryland from 1976 to 1977, as a senior economist on President Reagan’s Council of Economic Advisers from 1981 to 1982, and as a senior adviser to the Joint Economic Committee of the U.S. Congress from 1984 to 1988. Hanke served as a state counselor to both the Republic of Lithuania from 1994 to 1996 and the Republic of Montenegro from 1999 to 2003. He was also an adviser to the presidents of Bulgaria from 1997 to 2002, Venezuela from 1995 to 1996, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia‐Herzegovina, Ecuador, Lithuania, and Montenegro. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
Hanke has been awarded honorary doctorate degrees by the Universidad San Francisco de Quito (2003), the Free University of Tbilisi (2010), Istanbul Kültür University (2012), the Bulgarian Academy of Sciences (2013), Varna Free University (2015), the Universität Liechtenstein (2017), and the D.A. Tsenov Academy of Economics (2018) in recognition of his scholarship on exchange‐rate regimes. He is a distinguished associate of the International Atlantic Economic Society, a distinguished professor at the Universitas Pelita Harapan in Jakarta, Indonesia, a professor asociado (the highest honor awarded to international experts of acknowledged competence) at the Universidad del Azuay in Cuenca, Ecuador, a profesor visitante at the Universidad Peruana de Ciencias Aplicadas (the UPC’s highest academic honor), and the Gottfried von Haberler Professor at the European Center of Austrian Economics Foundation in Liechtenstein. In 1998, he was named one of the 25 most influential people in the world by World Trade Magazine. In 2020, Hanke was named a Knight of the Order of the Flag.
Hanke is a well‐known currency and commodity trader. Currently, he serves as chairman of the supervisory board of Advanced Metallurgical Group N.V. in Amsterdam and chairman emeritus of the Friedberg Mercantile Group Inc. in Toronto. During the 1990s, he served as president of Toronto Trust Argentina in Buenos Aires, the world’s best‐performing emerging market mutual fund in 1995.
Hanke’s most recent books are Currency Boards: Volume 1. Theory and Policy (2020), Currency Boards: Volume 2. Studies on Selected European Countries (2020), Currency Boards for Developing Countries: A Handbook (2021), Public Debt Sustainability: International Perspectives (2022), and The Hong Kong Linked Rate Mechanism: Monetary Lessons for Economic Development (2022).
Hanke received his BS in business administration (1964) and his PhD in economics (1969), both from the University of Colorado Boulder.
Hanke and his wife, Liliane, reside in Baltimore and Paris.