Fabrizio Coricelli is Professor of economics at Paris School of Economics, Université Paris 1, Panthéon-Sorbonne as well as Research Fellow at the Centre for Economic Policy Research (CEPR), London. He has worked as: Director of Research at the European Bank for Reconstruction and Development (EBRD) during 2007-08; Economic Advisor at the European Commission during 2001-02; Senior economist at the World Bank during 1989-1993; and economist at the International Monetary Fund during 1987-89. His research and professional activity has concentrated on the Economics of Emerging Markets, with special focus on transition countries. He holds a Ph.D. in Economics from the University of Pennsylvania.