Panicos Onisiphorou Demetriades (; born 19 January 1959) in :Limassol, :Cyprus, is a Cypriot :economist, currently Professor of Financial Economics at the :University of Leicester. During 3 May 2012 - 10 April 2014, Demetriades was a European Central Bank Governing Council member and the Governor of the Central Bank of Cyprus. According to RePEC he is in the top 2% of economic authors in Europe. He is the author of "A Diary of the Euro Crisis in Cyprus: Lessons for Bank Recovery and Resolution", published by Palgrave Macmillan in 2017. Biography From 1978 to 1981, he studied economics at the :University of Essex where he graduated with first-class honours. He continued his studies at Essex where in 1982 he completed his MA in economics, graduating with distinction. Between 1982 and 1987 he studied for a PhD at :Cambridge University under the supervision of Frank Hahn and Hashem Pesaran. The title of his thesis was "Essays on the Costs of Inflation". During his studies at Cambridge Demetriades won the Stevenson Prize in Economics, awarded in recognition of his work on the relationship between the level and variability of inflation. In 2011, Demetriades was elected Fellow of the Academy of Social Sciences of the United Kingdom (FAcSS). Career After obtaining his PhD he worked for 5 years in the Economic Research Department at the :Central Bank of Cyprus. In 1990 he left the Central Bank and joined the Department of Economics at :Keele University where in 1996 he became Reader in Economics. In 1997 he left Keele and joined South Bank University as Professor of Financial Economics and remained there for 3 years. In 2000 he was appointed to his current post as Professor of Financial Economics at the :University of Leicester. Demetriades was appointed to a five-year term as governor of the Central Bank of Cyprus on 3 May 2012 . The post involves membership of the European Central Bank's Governing Council, the independent body responsible for monetary policy in the euro area. Demetriades, resigned from this post in April 2014, following tensions with the government of Nicos Anastasiades, which was elected to handle the country's bailout in March 2013. His early departure from office was viewed as a blow to central bank independence in Europe. Academic research Demetriades's academic work focuses on the relationship between finance and growth as well as the interactions between public and private capital and productivity.