His research interests are on central banking, finance, and political economy and he has published extensively on these topics over the past two decades. More recently, he has contributed to the ongoing debate on the euro area crisis. He is coeditor with Mike Bordo of The Great Inflation (NBER), forthcoming from the University of Chicago Press.
Orphanides served as governor of the Central Bank of Cyprus from May 2007 to May 2012. As governor he oversaw the introduction of the euro in Cyprus and subsequently served as member of the Governing Council of the European Central Bank between January 2008 and May 2012. Following the creation of the European Systemic Risk Board in 2010, he was elected a member of its first Steering Committee.
Prior to his appointment as governor, Orphanides served as senior adviser at the Federal Reserve Board, where he had started his professional career as an economist in 1990. While at the Federal Reserve he taught undergraduate and graduate courses in macroeconomics and monetary economics at Georgetown University and Johns Hopkins University.
Athanasios Orphanides obtained his undergraduate degrees in mathematics and economics as well as a Ph.D. in economics from MIT.