Alicia García-Herrero

Senior fellow

Alicia García Herrero is a Senior Fellow at European think-tank BRUEGEL. She is also the Chief Economist for Asia Pacific at Natixis, and a non-resident Senior Follow at the East Asian Institute (EAI) of the National University Singapore (NUS). Alicia is also Adjunct Professor at the Hong Kong University of Science and Technology. Finally, she is a Member of the Council of Advisors on Economic Affairs to the Spanish Government and an advisor to the Hong Kong Monetary Authority’s research arm (HKIMR) among other advisory and academic positions.

In previous years, Alicia held the following positions: Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA), Member of the Asian Research Program at the Bank of International Settlements (BIS), Head of the International Economy Division of the Bank of Spain, Member of the Counsel to the Executive Board of the European Central Bank, Head of Emerging Economies at the Research Department at Banco Santander, and Economist at the International Monetary Fund. Alicia has maintained a part-time academic life throughout her career as Visiting Professor at John Hopkins University (SAIS program), at the China Europe International Business School (CEIBS) in Shanghai, Carlos III University in Madrid among others.

Alicia holds a PhD in Economics from George Washington University and has published extensively in refereed journals and books (her publications can be found in ResearchGateGoogle ScholarSSRN or REPEC).

Alicia is also very active in international media (Bloomberg and CNBC among others) as well as social media (Twitter and LinkedIn). Alicia was included in the TOP Voices in Economy and Finance by LinkedIn in 2017 and #6 Top Social Media leader by Refinitiv in 2020.

Disclaimer of external interests

Declaration of interests 2021

Declaration of interests 2020

Declaration of interests 2019

Declaration of interests 2017

Declaration of interests 2016

Declaration of interests 2015

Featured work

Comment

中國監理整頓擴大對國家經濟掌控力

無論是資訊掌控、反壟斷政策,還是收購一度由私人企業主導的房地產業,這類監理整頓行動都在讓國家對中國經濟的影響力日益擴張。

Alicia García-Herrero
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中國資本流動趨勢逆轉 證券投資面臨挑戰

鑒於近期中國副總理劉鶴發表講話後中國債券和股票的息差收窄且前景仍不明朗,短期內我們可能會繼續看到中國證券投資的資本淨流出。 加上外需減弱和進口價格上漲,如果出口支撐不足,貿易順差收窄將給人民幣帶來貶值壓力。

Alicia García-Herrero
Comment

內地次季GDP增長料續承壓

當前的經濟出現一定的挑戰。如果需要實現政府工作報告中預期的5.5%的增長目標,那麼更大力度的經濟政策是有必要的。

Alicia García-Herrero
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俄烏衝突對中國經濟有何影響?

烏克蘭危機對中國造成的影響是負面的,但除了大宗商品價格高企之外,直接影響比較有限。此外,中國對俄烏衝突的立場也關係著經濟影響。

Alicia García-Herrero
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疫下新衝擊 全球供應鏈大洗牌

供應鏈從「緊耦合」結構,轉向「鬆耦合」,可能是一種理性的經濟決策,而不僅是政治決策,這個發展趨勢值得留意。

Alicia García-Herrero
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中國海外並購活躍,歐洲仍是熱門交易對象

2020年並不是中國企業進行海外並購的好年景;但是,得益於下半年中國經濟恢復和全球金融環境寬鬆,中國企業海外並購的趨勢在四季度的時候已經有所好轉。

Alicia García-Herrero
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外國投資者可能會放緩在中國債券市場的步伐

總體而言,誘人的息差縮小和信貸風險的上升可能會削弱此前中國債券的優勢。儘管中國仍在推動債券市場多元化,但越來越多的中國企業被實施制裁對2021年來說並不是個好兆頭。

Alicia García-Herrero
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資產泡沫無益於疫情後的經濟恢復

新冠疫情帶來的全球經濟危機可以說是公認近些年來最嚴重的,但相比於程度與之最相似的1929年經濟大蕭條,二者對資產價格帶來的影響卻截然不同。

Alicia García-Herrero
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銀色經濟機遇與挑戰並存

老齡化為經濟增長帶來不小的壓力。日本和台灣的經驗展現了佔有優勢的行業,以及行業分工得當的重要性。

Alicia García-Herrero
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RCEP對亞洲影響積極,無阻價值鏈重組

總體而言,雖然RCEP成員之間在市場准入上實際提升幅度有限(例如中國和澳洲),但這一協定的意義在於讓世界意識到,亞洲仍然依賴中國市場,亞洲國家不能錯過中國放寬市場准入的機會,即使幅度有限。

Alicia García-Herrero
Comment

A silver lining for ageing Asia

An ageing population is generally bad news for growth prospects, but Japan and Taiwan offer important lessons.

Alicia García-Herrero
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ECFA重要性遞減 台灣出口未來關鍵 在保持科技優勢和出口多元化

從地緣政治角度來看,ECFA自動延續無疑是個好消息,但協議對台灣經濟的直接影響較過去變得有限。雖然台灣對中國大陸的出口仍然重要,但ECFA占整體出口的重要性因資通訊科技產業快速發展而縮小。由於台灣在全球製造業供應鏈遷移和價值鏈重組中占有重要位置,未來對美國和東南亞出口預計將會加速。

Alicia García-Herrero
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中國“雙循環”戰略引發其他出口國擔憂?

相較于再平衡戰略,雙循環戰略對世界其他地區的比例影響可能大得多。隨著中國將注意力轉向十四五規劃,雙循環可能作為中期目標,將對中國和交易夥伴都產生影響。

Alicia García-Herrero
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全球為數不多 台灣今年經濟有望正成長

台灣的貨幣政策和大多數國家相比仍屬相對緊縮,台幣升幅也是相對有限。總的來說,台灣第二季的GDP與其他國家相較算是非常優異,主因是行動管制少,所以衝擊也小得多。

Alicia García-Herrero
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Toward a smart Indian response to China

Rather than risking its soldiers' lives on the border, India should join 'middle power' economic coalitions to address China's behavior.

Alicia García-Herrero and Suman Bery