Annual Maxwell Fry Global Finance Lecture

Maxwell J. Fry (1944-2000) was a prominent figure around the world in International Finance and his work was widely acclaimed in central banking circles. His contribution was in the fields of international and development (‘global’) finance and this annual lecture is given by an internationally leading academic or policymaker on a topic that reflects Fry’s interests.

Fry received his PhD in Economics at the London School of Economics in 1970 and taught at The City University of London for four years. In 1974 he joined the Department of Economics at the University of Hawaii before leaving to teach at University of California-Irvine in 1980. Shortly after this he accepted an endowed chair as a Professor of International Finance at Birmingham Business School. He passed away prematurely in 2000 and we remember him each year in late October.

2025 Lecture: Huw Pill

"Uncertainty, Structural Change, and Monetary Policy"

8th October 2025 - 16.00 to 17.00 

Location: 
Birmingham Business School, University House, 116 Edgbaston Park Road Birmingham B15 2TY

Registration

Huw Pill is Chief Economist and Executive Director for Monetary Analysis and Research at The Bank of England. He is a member of the Monetary Policy Committee. Huw is responsible for the analysis to make  monetary policy decisions. He also leads the research that supports all other functions.

Previously, Huw was Chief European Economist at Goldman Sachs (2011-18). Before that, he worked at the European Central Bank in Frankfurt. He served as its Deputy Director of Research (2009-11) and Head of its Monetary Policy Stance Division (2004-09). And he worked in its Strategic Policy Issues Unit (1998-2001). Huw was also a member of the faculty at Harvard Business School (1995-98, 2001-04, 2019-21). At the start of his career, he worked as an economist in the Bank of England’s then Economics Division (1990-92).

Huw has a BA (Hons) from the University of Oxford and an MA and PhD from Stanford University.

 

Past Maxwell Fry Lectures

 

Year Speaker Title Link
2024 Hélène Rey Global Cycles
2023 Charlie Bean To QE or not to QE: What have we learned about the usefulness of central bank asset purchases?
2022 Dame Colette Bowe Building Trust in Macroprudential Policy About
Speech
2021 Alec Crystal The Yuan and the Dollar Crisis Paper
Slides
Recording
2020 Richard G. Anderson Central banking in interesting times and the demand for base money Recording
2019 Marcus Miller A silent run on shadow banks: due to sunspots or chicanery?
2018 Jean-Bernhard Chatelain Leaning Against the Wind
2017 Panicos O. Demetriades Financial Stability and Financial Development: Lessons from a Euro Area Banking Crisis
2016 David Miles The Housing Market and Macro-prudential Policy
2015 David Llewellyn Post Crisis Regulation: what has been achieved and what remains to be done?
2014 Andrew Haldane Managing Global Finance as a System Link
2013 Charles Calomiris  The Political Economy of Inflation-Tax Banking:  Brazil and Mexico in the 19th and 20th Centuries
2012 Thorsten Beck Finance, Growth and Fragility: The Role of Government Link
2011 Michael Foot Can Macro-Prudential Regulation Reduce Financial Instability?
2010 John Williamson The Impact of the Global Financial Crisis on Development Thinking
2009 Stijn Claessens Developing Countries and Financial Crises: What Lessons?
2008 William A. Allen The Credit Crunch, the Financial Industry and the World Economy
2007 Ross Levine Finance and the Poor Link
2006 Marek Belka Transition to Euroland
2005 Gerard Caprio Jr Till Angels Govern: Rethinking Bank Regulation
2004 Charles Goodhart  Some Reflections on Financial Stability
2003 Andrew Crockett Thoughts on the New Financial Architecture
2002 Ronald McKinnon The World Dollar and Emerging Markets
2001 Mervyn King No Money, No Inflation – The Role of Money in the Economy
1999 DeAnne Julius Back to the Future of Low Global Inflation.