Michael Devereux is currently a Professor in the Vancouver School of Economics and has been at UBC since 1992. He obtained his PhD from Queen’s University. His main area of interest is in International Macroeconomics and International Finance. Currently, his research activity is in the area of exchange rate determination, the link between exchange rates and prices, and international aspects of monetary and fiscal policy. Recently, he has also worked on international financial linkages and their role in the global financial crisis.