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Dr. Enzio von Pfeil (born in Windhoek, South-West Africa) is a German economist ==Early life== He spent his early years in West Germany, England and the United States. He completed his grade school, junior high school as well as high school in Eugene, Oregon while his father worked on various projects applying the latest German forestry management techniques to the indiginious Douglas Fir forests which were very similar to German conifers. While in Oregon the then "young" Enzio became one of America's youngest-ever Boy Scouts to have received their "Eagle" as well as the "God and Country" badges. After moving back to Hamburg, Germany he attended the International School for a year to "re-learn"German in order to compete for admission to the local German "high school" (Gymnasium). Two years later he was fortunate enough to be voted as the top graduate of his class. Dr Enzio von Pfeil has been a commercial economist throughout his working life.〔 German Direct Investments in the United States'', Enzio von Pfeil, 1985, 178 pages, JAI Press, p. vi, webpage: (BG-AAJ ). 〕 Enzio studied inter ''alia under'' Friedrich von Hayek at the University of Freiburg, in West Germany. He graduated at the top of his class, having achieved this in record-breaking time. He received two prestigious scholarships. One from the "Studienstiftung des deutschen Volkes", which is reserved for the top one per cent of all German students, and the other from the FDP's exclusive Friedrich-Naumann Stiftung. His PhD thesis examined the macro economic impact of direct investment flows. He completed his doctarate in record time, too. At the University, he was appointed as an Assistant Professor specializing in international economics. He spent many years as a treasury economist for JP Morgan and Schroders in New York and London, and as a banker specializing in macro investment planning on behalf of large industrial families in the region while stationed in Istanbul. In 1986, Dr. von Pfeil became Chief Regional Economist at Smith New Court Far East Ltd, London〔 ''International strategies of Japanese banks'', J. Thorsten Düser, 1990, 206 pages, webpage: ( BG-YP ). 〕 which merged with Merrill Lynch. Dr. von Pfeil moved to Hong Kong in 1989 and by 2000 he had helped, as Chief Regional Economist, S.G. Warburg Securities Far East (which subsequently was bought by UBS), Clarion Capital and ABN-AMRO all establish highly rated Asian specialist regional economic research teams.〔 ''China trade report'', 1995, web: (BG-C4 ). 〕〔 ''Business week'', 1998, webpage: (BG-kOy ). 〕 Dr. von Pfeil is well known for his ability to reduce complex economic observations into trends that both investors and corporate executives can easily use. He is particularly well known for the creation of the “Economic Clock” which graphically displays where a particular country is with regard to its own cycle. He first gained international notoriety for challenging both the World Bank and Asian Development Bank economists that a number of Asian economies had entered a dangerous stage of rapid capital formation which, rather than being a sign of robust growth that was commonly thought, was a clear indication that money was being poorly invested at increasingly lower rates of return on equity. One has to concede that when Dr. von Pfeil made these observations it was in mid 1995 and his caution was on the early side of the curve. At that time he was widely criticized for being overly bearish. Dr. von Pfeil “stuck to his guns” and countered the criticism with even stronger calls for coordinated regulatory action within Asia, as poorly performing companies and increasingly stressed real-estate players, unable to achieve returns that exceeded the rates for domestic currency lending, turned to the Yen and the Dollar to lower their cost of borrowing yet creating a "currency mismatch" which could only end in crisis. By mid 1996 Dr. von Pfeil had fingered Thailand, Indonesia, and Korea as economies that were most vulnerable to a whiplash effect from a strengthening Yen or Dollar due to the massive amount of mismatched foreign currency loans. After the Asian financial panic in 1997 Dr. von Pfeil became more active in calling for the establishment of an Asian focused multilateral institution with powers more akin to those held by the BIS. The ADB did debate this issue and thus far it has not yet advanced beyond a conceptual stage. Since 1991, Dr von Pfeil has been married happily into one of Hong Kong’s most prominent old, established families. His wife’s heritage includes many of the various ethnic communities that have touched Hong Kong. Her direct ancestors have also served within the Hong Kong government during critical periods of Hong Kong's history. Her father, a warmly-remembered "larger than life" personality, not only established one of the leading stockbrokerages of the day, but also for many years he served as the Chairman of the Hong Kong Stock Exchange. For some years, Dr. von Pfeil has run his own macro advisory firm, Commercial Economics Asia Limited. He advises institutional as well as private investors. <\ref> Dr. von Pfeil also generously donates his time to speak to business organisations as well as a number of graduate seminars at various Hong Kong universities. ''Asian business'', 2002, webpage: ( BG-fK ). Covering global economics from an Asian perch, he takes key economic as well as political indicators and filters them down to sector investment ideas for institutional as well as private investors. Dr. von Pfeil has used his own portfolio since moving to since moving to Hong Kong in 1990 as a "real time" test of the integration of his economic analytical tools with actual "at the coal face" investing. Thus far the results have allowed Dr. von Pfeil to focus more of his time and writing and commenting on economic trends. He has also begun to take a more active role in advising governments in the region on macro economic policy. He has written the following books: * 2008 - ''Trade Myths: Globalization and the Trade Balance Fallacy''.〔"Trade Myths", web: (Trade Myths ) 〕〔 "Trade Myths" at Books.Google.com: (BG-CAAJ ). 〕 * 1988 - ''Effective Control of Currency Risks : A Practical, Comprehensive Guide'', Macmillan, London and St. Martin's Press, New York. * 1985 - ''German Direct Investments in the United States'', JAI Press, Greenwich, Connecticut. * 1979 - ''Deutsche Direktinvestitionen in den USA'', Knapp, Frankfurt. Dr von Pfeil contributes regularly to Reuters as well as Bloomberg TV, Channel News Asia and to CNBC as well as NDTV (India) and Z TV (India). He is well known in the printed press, having appeared ''inter alia'' in the Asian Wall Street Journal, The Economist, Forbes, the New York Times, and the South China Morning Post. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Enzio von Pfeil」の詳細全文を読む スポンサード リンク
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