Fabrizio Coricelli holds a Ph.D. in Economics from the University of Pennsylvania. Currently Professor of Economics, University of Siena and University of Paris 1. He is Research fellow at the Centre for Economic Policy Research (CEPR), London. He has worked in Washington at the International Monetary Fund and at the World Bank from 1987 to 1993; in Brussels as Economic Advisor at the European Commission in 2001-2002, and as Director of Research at the European Bank for Reconstruction and Development (EBRD) in London in 2007-2008. His research and professional activities have concentrated on the Economics of Emerging Markets, in particular transition countries.