Kennedy School Faculty Members Stone, Velasco Receive Awards for Public Service

March 7, 2006

Two Kennedy School faculty members were recently honored for their distinguished careers in public service.

Christopher Stone, Daniel and Florence Guggenheim professor of the practice of criminal justice, was awarded an honorary OBE (Officer of the Order of the British Empire). Stone was recognized for his contributions to criminal justice reform in the UK during the 18 years he served at the Vera Institute of Justice, where he worked on projects such as criminal justice reform in Northern Ireland, bail reform, the creation of an independent prosecution service, innovation in the probation service, sentencing reform, police oversight, and court reform.

The presentation was made to Stone by the British Ambassador to the United States at a ceremony in Washington D.C. March 2.

Andrés Velasco, Sumitomo professor of international finance and development, received the Inter-American Development Bank’s first Award for Excellence in Research February 28.

The Inter-American Development Bank (IDB) was established in 1959 as a financing institution for economic and social development projects in Latin America and the Caribbean.

The jury noted that Velasco’s research and publications contributed to a better understanding of capital flows and financial crises in emerging markets and to providing new insights into the selection of the most appropriate exchange rate regime for developing economies, according to the IDB press release. Click here for more information.

The award comes as Velasco prepares to assume a high-ranking position in the government of Chile. He was recently chosen by Michelle Bachelet, the president-elect of Chile, to serve as finance minister in her new government.

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