Piroska Nagy-Mohacsi



About Piroska Nagy-Mohacsi


Piroska Nagy-Mohacsi is a multitalented professional skilled in academia, macroeconomics, and monetary policy operating internationally out of London, U.K., and Washington, D.C., USA. Throughout her career, she has established herself as a senior expert when it comes to creating global networks and leading regional and global research. 

For nearly six years, Piroska has been working with the London School of Economics and Political Science’s Firoz Lalji Institute. She served as Programme Director for the Institute of Global Affairs for nearly six years, as Interim Director for almost a year, and since June, she has been operating as a Visiting Professor for the School. Previously, she has worked with the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF), Fitch Ratings, Hebrew University of Jerusalem, and the National Bank of Hungary. 

Piroska Nagy-Mohacsi is a skilled researcher whose work has been published multiple times. Her subjects of expertise and authorship include monetary policy, policy mix, financial resilience, and innovation – she is particularly interested in areas that include the regulation of digital currencies, central bank digital currencies (CBDCs), emerging economies, and developing countries. Notably, Piroska is the author of The Meltdown of the Russian State, which is widely considered to be a major account of the collapse of the Soviet Union and the subsequent slow rebirth of Russia during the 1990s. She also co-created the Vienna Initiative, a public-private platform operating in the E.U. and emerging Europe and providing regulatory coordination and cross-border financial sector crisis management enterprise.

In her career, Piroska Nagy-Mohacsi is motivated by innovation; she thrives in an environment of creativity, where out-of-the-box thinking is used to solve big challenges in the best interest of key stakeholders. Piroska is an Academic Partner with the Macroeconomic Advisory Group (MAG) in New York who also offers student and diversity mentoring at the workplaces for LSE, EBRD, and IMF. Alongside her experience, she is also a member of the editorial board of the “Finance and Development” journal as well as the BIS Committee on Remittances, where she also co-authored the Committee’s report. 

Piroska Nagy-Mohacsi holds her Master of Science degree in Macroeconomics and Finance from Corvinus University of Budapest, Hungary. A few years later, she returned to academia when she enrolled at George Washington University in Washington, D.C., where she completed her postgraduate studies while majoring in Public Finance. Piroska has also been included as a panelist of speaker for a variety of events, including the “Planning for the Post-COVID world: central bank policies in emerging economies” event, which took place in October 2021. Most recently, she was one of the leaders to sign a letter to the G20 leaders regarding the inequitable distribution of the COVID-19 vaccine.

A polyglot, Piroska is a native Hungarian speaker who is fluent in English, Russian, and French and proficient in Spanish. 

Learn more about finance and macroeconomics from Piroska Nagy-Mohacsi by visiting her blog page regularly for the latest updates!

Piroska Nagy-Mohacsi’s Experience


London School of Economics and Political Science (LSE)

September 2015 – Present

Visiting Professor at the LSE Firoz Lalji Institute for Africa (FLIA) since June 2021, conducting policy-focused research on macroeconomic policy; the policy mix; and financial stability and governance.

Interim Director with managerial and academic leadership responsibilities at the LSE Institute Global Affairs (IGA) and its Programme Director (2015-February 2021), responsible for launching and managing major global research and policy initiatives: the Maryam Forum on transformational leadership, leading its activities at the LSE; the Rethinking Global Finance project that investigates factors of financial resilience and optimal regulation, including private and central bank digital currencies; the Global Migration project that engages the ALUM network of twenty lead universities across Europe for policy-focused migration research. Also co-led the LSE’s Global Policy Lab that advised on the content and implementation of transformational economic research and policy advice, with specialization in financial sector systemic risk and regulatory systems and monetary and exchange rate policy reforms.


European Bank for Reconstruction and Development (EBRD)

August 2008 – July 2015

Director for Country Strategy and Policy at the Office of the Chief Economist  Responsible for the economic strategic directions in the EBRD’s 35 countries of operation in Europe, Central Asia, and North Africa as well as key policy initiatives (local capital market development, food security, climate change, and healthcare).  Member of the EBRD’s Strategy Policy Committee.  Responsible for the EBRD’s quarterly economic forecast exercise. Co-founder and Head of the Secretariat of the Vienna Initiative in 2009-15, a public-private coordination platform that is accredited to help avoid a regional banking sector meltdown in Emerging Europe in the context of the Global Financial Crisis 2008/9 and subsequently has supported financial sector reform.


International Monetary Fund (IMF)


Division Chief and Advisor Main responsibilities in the European, Fiscal Affairs and the African departments; leading advanced country surveillance and IMF program missions including debt restructuring negotiations (Paris Club and HIPC operations), as well as regional projects and research (trade, banking sector development, common currency zone, and capacity building). Key country responsibilities included France, Belgium, and G7 policy coordination, as well as Russia, Kazakhstan, Ghana, Senegal, Chad, Nepal. Contributed to IMF’s policy discussions and Executive Board and policy papers. Designed and led the establishment of the IMF’s regional technical assistance centers (AFRITACS) in Africa in 2001-03.




Emerging Europe’s Chronic Distrust: Lessons From The Region’s COVID Puzzle, (2022), Corvinus University Of Budapest  

A Yearbook on the Euro 2022, (2022)

New Policy Paradigm for the Post-COVID World, London School of Economics and Political Science  (February 2021) (editor & co-author of e-book)

Financial Resilience and Systemic Risk, London School of Economics and Political Science  (November 2019) (co-editor of video-book)

Ten Years of the Vienna Initiative: Reflections on Multi-country and Multi-player Issues, (co-author), (EIB, December 2019) 

Building the Financial Foundations of the Euro Experiences and Challenges, (2008), Routledge (co-author)

Enlarging the Euro Area: External Empowerment and Domestic Transformation in East-Central Europe (2006), Oxford University Press (co-author)

The Meltdown of the Russian State (2000), published by Edgar Elgar, UK 

Trade and Trade Policies in Eastern and Southern Africa (2000), IMF Occasional Paper 196, 1999 (co-authored)




M.Sc., Macroeconomics and Finance, Corvinus University of Budapest, Hungary, 1981

Post-graduate studies at George Washington University, USA, 1989-90, major in public finance



English, French, Russian, Spanish (basic), Hungarian (mother tongue)

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