Professor Panicos Demetriades

Professor of Financial EconomicsPanicos photo 2012

Contact Details

  • Tel: 0116 252 2835
  • Email:
  • Office: AC112
  • Office Hours: Thursdays 2pm - 4pm (term time only) otherwise by appointment


Curriculum Vitae


Following a two year absence from the University, during which he served as Governor of the Central Bank of Cyprus and member of the Governing Council of the European Central Bank, Professor Demetriades has returned to his position on 1st May 2014.

Panicos Demetriades holds a PhD in Economics from the University of Cambridge and BA and MA degress, also in Economics, from the University of Essex. His academic career spans a period of 25 years, the last twelve of which have been with the University of Leicester. He has published extensively, primarily in the area of finance and growth but also in other areas of economics. Full details of his writings and publications can be found on his IDEAS page:

Professor Demetriades is a Fellow of the Academy of Social Sciences (FAcSS).

Interview with Professor Demetriades

Research Interests

Research papers can be downloaded via RePEc.

You must apply formally to our Economics PhD programme before we allocate you a supervisor as part of the review process. You do not need to contact our staff separately.

Supervision Interests

  • Finance and growth
  • European monetary policy
  • Banking union in Europe

Current Administrative Duties


Current Teaching

Most Recent Publications

  • “Why Do African Banks Lend So Little?” (2015) S. Andrianova, B. Baltagi, P. Demetriades and D. Fielding, Oxford Bulletin of Economics and Statistics, Vol. 77, pp. 339 – 359.
  • (2013) "Financial Restraints and Private Investment: Evidence From A Nonstationary Panel", Economic Inquiry, Western Economic Association International, vol. 51(1), pages 248-259, 01 (with Mauro Costantini, Gregory A. James and Kevin C. Lee).

  • (2012) "Information, Institutions and Banking Sector Development In West Africa", Economic Inquiry, Western Economic Association International, vol. 50(3), pages 739-753, 07 (with David Fielding).

  • (2012) "Sources and Legitimacy of Financial Liberalization", European Journal of Political Economy, Elsevier, vol. 28(2), pages 147-161 (with Brian Burgoon and Geoffrey Underhill).

  • (2012) "Government Ownership of Banks, Institutions and Economic Growth", Economica, London School of Economics and Political Science, vol. 79(315), pages 449-469, 07 (with Svetlana Andrianova and Anja Shortland).

  • (2011) "Finance and Growth in Africa: The Broken Link", Economics Letters, Elsevier, vol. 113(3), pages 263-265 (with Gregory James).

  • (2011) "Political Economy Origins of Financial Markets in Europe and Asia", World Development, Elsevier, vol. 39(5), pages 686-699, May (with Svetlana Andrianova and Chenggang Xu).

  • (2011) "Government, Openness And Finance: Past And Present", Manchester School, University of Manchester, vol. 79(s2), pages 98-115, 09 (with Peter Rousseau).

  • (2009) "Financial Development and Openness: Evidence from Panel Data", Journal of Development Economics, Elsevier, vol. 89(2), pages 285-296, July (with Badi Baltagi and Siong Hook Law).

Selected Earlier Publications

Share this page: