Economics and Public Policy Professor Hamed Ghiaie receives international recognition for research on how European financial institutions adapt to escalating sanctions.
ESCP Business School is pleased to announce that Hamed Ghiaie, Economics and Public Policy Professor, PhD/HDR, has been awarded the 2026 INFER Young Economist Award.
Presented annually by the International Network for Economic Research (INFER), the award recognises the best paper presented at the INFER annual conference by an economist under the age of 40. Since its creation in 2007, the distinction has highlighted outstanding contributions across a broad range of economic research fields.
Professor Ghiaie received the award for his paper, When Sanctions Escalate but Exit Does Not: Strategic Adaptation by European Financial Institutions, which examines how financial institutions respond to increasingly complex geopolitical and regulatory environments. The research contributes to ongoing debates on sanctions, financial resilience and the evolving relationship between geopolitics and international finance
The findings contribute to ongoing debates surrounding economic sanctions, financial resilience, regulatory effectiveness, and the relationship between geopolitics and international finance.
A macroeconomist specializing in public policy, financial economics, and housing markets, Professor Ghiaie’s research explores the mechanisms through which economic policies shape economies. His work has been published in leading academic journals, and he collaborates with international institutions, including the International Monetary Fund (IMF), the OECD, and the International Labour Organization (ILO).
This recognition reflects both the academic quality and contemporary relevance of ESCP’s research, which addresses some of the most pressing economic and policy challenges facing Europe and the wider global economy.
Financial institutions adapt strategically according to their existing exposures, constraints, and capacities. Effective policy should therefore move beyond a one-size-fits-all approach and combine gradual adjustment paths to preserve both the effectiveness of policies and the stability of the financial system.
Professor Hamed Ghiaie Assistant Professor of Economics and Public Policy
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