Financial and Monetary Mechanisms in the Modern World
(crisis experience of the late 90s). .: Economica. 2000. P. 45.

M. Ershov graduated from Moscow Institute of Finance (now - Moscow Financial University with the Government of Russia), faculty of International Economics (with honors).

In 1986 received Ph.D. from Institute of World Economy and International Relations (IMEMO) of the Academy of Sciences of the USSR - thesis on foreign exchange problems.

In 1998 received degree of full Doctor of Economics from Institute of Europe, Academy of Sciences - thesis on Russian and international monetary problems.

He worked in major international and Russian financial companies and banks. For several years he was head of management consulting (MC) at Deloitte and Touches CIS (one of the “Big Six” audit/consulting firms).

Mr. Ershov was invited to take part in various committees and work groups; banking associations. He took part in Russian-American Banking Dialog (reported to the Presidents during the US-Russian Summits).

He is a member of the Banking Council within the framework of the Council of Federation; member of expert council in the Russian Industrial Union - RSPP (unites big business); member of expert council on anti-crisis policy of the Analytical Department of the State Duma; member of council within State commission on economic development and integration.

Mr. Ershov was a member in the workgroup of the Presidium of the State Council of Russian Federation:

  • on the questions of state industrial policy (2004);
  • on the questions of the banking sector (2006);
  • on the questions of investment attractiveness of regions (2010).

M. Ershov was the member of the official delegation of Russia to some of the G-7 Presidential and Ministerial meetings. He made a report at the meeting of President of Russia V.Putin with academicians of the Russian Academy of Sciences.

He is the author of numerous articles on financial, foreign exchange and banking issues and author of 4 books.

Till 2013 Ershov was a senior vice-president of ROSBANK.

At present M.Ershov is Director of financial research of the Institute for energy and finance.



In a new edition of "Scientific Works of the Free Economic Society of Russia" was released article of M.Ershov about budget financing without hampering the development of different sectors 30.06.2016

Speech of M.Ershov about exchange rate policy from the view point of economic security was published in the "Scientific Works of the Free Economic Society of Russia" 30.06.2016

"About Exchange Rate and Financial Risks in 2016" - new article of M.Ershov int Analytical Banking Magazine 30.06.2016

M.Ershov made comments about banks interest rates for magazine "Expert" 30.06.2016

M.Ershov made a report at the meeting of President of Russia V.Putin with academicians of Russian Academy of Sciences 13.04.2016

In the magazine "Dengi & Credit" (#3, 2016) was published main thesis of M.Ershov made at the conference about the world currency system held at the Institute of Europe 13.04.2016

New article of M.Ershov "2016: Risks of Global Financial Collapse on the Rise" was published in the magazine "Dengi & Credit" (Jan. 2016) 13.04.2016

NEW article of Mr. Ershov Global Financial and Banking System: Risks and Challenges of Development (the journal Banking law, June 2013) 12.07.2013

TWO NEW articles of Mr. Ershov: 1) about Monetary and Industrial Policies (authors: A.Aganbegyan and M.Ershov), Dengi I Credit, No 6, 2013; 2) Capabilities of Russian Monetary Competitiveness after Adhesion to the WTO (Economist No 5, 2013) 18.06.2013

TWO NEW articles of Mr. Ershov about financial crisis (Voprosi Economiki - No 12, 2012 and Dengi I Credit - No 1, 2013) 23.01.2013

Article about the presenations of book "World Financial Crisis. What's Next?" was published in 'The Analytical Banking Magazine' 21.03.2012

The book of Mr. Ershov (FULL VERSION) "World Financial Crisis. What's Next?" was published in publishing house Economica in March 2011. 11.07.2011

TWO NEW articles of Mr. Ershov (including his article with ROSBANK experts) about inflation (Dengi I Credit, April 2013 and The Analytical Banking Magazine, December 2012) 22.04.2013

Article About reforming the global financial system, which outlines some proposals for G-20 in Mexico, prepared by the authors, was published in journal Dengi I Credit (No.7, 2012) 26.07.2012

Article about the post-crisis risks in the world economy appeared in weekly journal "Expert" in April 2012. 05.04.2012

Article which outlines some proposals of its authors sent for G-20 in Mexico was published in EXPERT magazine (No. 24) 20.06.2012

Article "About economic risks after crisis" and comments about the accession of Russia to WTO of M.Ershov were published in journal "Economy of Russia - XXI century" 16.03.2012

Article of M. Ershov "Exchange Rate Policy Before & After Crisis" was published in the journal "Economist" (set up by Ministry of Economic Development of Russia) 16.02.2012

New article of M. Ershov "World in the Post-Crisis Environment: New Challenges" was published in journal "Dengi i Credit" 31.01.2012

Article "Two Years After the Crisis: Do Risks of a 'Second Wave' Become Stronger" was published in journal "Voprosi Economiki" in December 2011. 30.12.2011

Article "About the Strategy of Russian Economic Development" was published in magazine "Economics of Contemporary Russia". Among the authors were members of Russian Academy of Sciences, invited experts (M. Ershov included). 15.11.2011

Presentation of M. Ershov during the Moscow International Finance Week (October 18-21, 2011) is placed. 19.10.2011

Review of Mr. Ershov's book "World Financial Crisis. What's Next?" was published in the journal of the Bank of Russia. 11.07.2011

Bulletin of Association of Russian Banks published information about the presentations of the book of M.Ershov "World Financial Crisis. What's Next?", which were held in the Institute of Europe of Russian Academy of Sciences (RAS) and the Moscow Internati 04.10.2011

New article of Mr. Ershov was published in journal "Expert" in April 2011. 11.07.2011

Currency in World Trade. - M.: Nauka, 1992 - P. 145.
Economic Sovereignity of Russia in the Global Economy. - M.: Economica, 2005. - P. 280.
Financial and Monetary Mechanisms in the Modern World (crisis experience of the late 90s). - M.: Economica, 2000. - P. 319.
World Financial Crisis. What's Next?. - Economica, 2011. - P. 295.