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International finance expert Carmen M. Reinhart, coauthor with Cabot professor of public policy Kenneth Rogoff of This Time is Different: Eight Centuries of Financial Folly, has been named Zombanakis professor of the international financial system at Harvard Kennedy School (HKS), effective July 1. Previously the Weatherstone Senior Fellow at the Peterson Institute for International Economics, Reinhart formerly served as professor of economics and director of the Center for International Economics at the University of Maryland, and has also held positions at the International Monetary Fund. She has also been chief economist at investment bank Bear Stearns. She earned her doctorate from Columbia University.

HKS academic dean Iris Bohnet says that Reinhart “brings to the Kennedy School a profound and unique understanding of the world’s financial system at a time when the system is under severe stress. Her addition to the faculty will bolster the school’s research and teaching in the critical area of markets, business, and government.”