David Cobham is Professor of Economics at Heriot-Watt University. He is a specialist in monetary policy who has worked on UK, French and Italian monetary policy, on European monetary integration and on monetary policy and exchange rate regimes in the Middle East and North Africa. He is the editor or co-editor of a number of books on European monetary integration, including The Travails of the Eurozone (2007) and Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects (Cambridge University Press, 2010).