Előd Takáts

The native form of this personal name is Takáts Előd. This article uses Western name order when mentioning individuals.

Előd Takáts
Rector of Corvinus University of Budapest
In office 1 August 2021 – 31 July 2023
Preceded by	András Lánczi
Succeeded by	Bruno van Pottelsberghe
Personal details
Born	(1975-11-04) November 4, 1975 Budapest, Hungary
Children	5
Alma mater	Corvinus University of Budapest Central European University Princeton University
Occupation	economist, professor

Előd Takáts (born 4 November 1975) is a Hungarian economist, professor, economist and adviser at the Bank for International Settlements. He served as rector of Corvinus University of Budapest between 2021 and 2023. He is also visiting professor at the London School of Economics and Political Science.

Studies

In 1999, Takáts graduated with honours from the Budapest University of Economics and Business Administration (the predecessor of Corvinus University of Budapest) with a degree in finance, and minor in economic policy. In 2002, he obtained a master's degree in economics from the Central European University. He then continued his studies at Princeton University in the US, where he obtained a PhD in finance in 2006.

In addition to his studies, in 2000 he successfully passed the stock exchange examination of the Budapest Stock Exchange.

Professional career

He worked as a student at the treasury of commercial bank Kereskedelmi és Hitelbank (1998) and as equity analyst at ABN AMRO Equities (1998–1999). After graduating, he worked in the securities department of CIB Bank from 1999 to 2000 and as a senior consultant at Postabank (Hungary) from 2001 to 2002. From 2003 to 2005 he worked as a researcher at the Economics Department of the Hungarian National Bank, the European Central Bank and the Federal Reserve Bank of New York, among others.

International Monetary Fund

As an economist at the International Monetary Fund from 2006 to 2009 he worked in the Western Hemisphere Department from 2006 to 2007. After that he worked in the Strategy, Policy and Review Department from 2007 to 2008 and in the Monetary and Capital Markets Department from 2008 to 2009.

Bank for International Settlements

He was an economist, senior economist and then principal economist at the Bank for International Settlements (BIS) between 2009 and 2021. Between 2009 and 2016, he worked on emerging market issues, and from 2016 on financial regulation. He represented the BIS in the Basel Committee's Macroprudential Oversight Group and the Financial Stability Board Working Group, and as a member of the Financial Systems and Regulation Unit he provided analysis for international regulatory reforms.

Corvinus University of Budapest

In addition to his work, he was a regular guest lecturer at Corvinus University of Budapest for various courses and conferences. In recognition of this, on 17 September 2019, the Senate of the university awarded him the title of honorary professor in recognition of his "outstanding teaching, research and development activities." On 3 March 2021, President János Áder appointed him professor with effect from 10 March 2021.

President János Áder appointed him to Rector on 24 June 2021 with effect from 1 August 2021. As Rector he pursued and achieved a strategy to 1) double international academic publications of the faculty in two years, 2) start the systematic hiring of international professors, 3) shift the language of education towards English with an equal share to Hungarian, and, as a result, 4) secure international (US AACSB) accreditation to Corvinus University (as a first time achievement for any Hungarian university). He placed special emphasis to attract and enable potential students from traditionally underrepresented economically or culturally disadvantaged background. To achieve this, he launched the Illyés Gyula program based on the voluntary cooperation between faculty and students of the university.

Bank for International Settlements

Upon returning to the Bank for International Settlements in 2023, he was assigned to work as the adviser to the Deputy General Manager.

Academic assignments

Since 2018, he has been a visiting professor at the School of Public Policy at the London School of Economics and Political Science.

He serves as Member of the Board of the Hungarian Economists' Association and as President of the Monetary Policy Section. He is also member of the Editorial Board of the Hungarian Economic Review and President of the Editorial Board of the Public Finance Quarterly.

Personal life

In addition to his native Hungarian, Takáts speaks English, German and Spanish. He is married and is the father of five: three daughters and two sons.