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Lemma Senbet is Executive Director of the African Economic Research Consortium (AERC), Kenya. He is on leave from the University of Maryland, US, as the William E. Mayer Chair Professor of Finance and Director of Center for Financial Policy. Prior to Maryland, Lemma was a distinguished professor at the University of Wisconsin, US, and held the Charles Albright Endowed Chair. Lemma has received an honorary doctorate from Addis Ababa University, Ethiopia. In 2012, he was awarded the Ethiopian Diaspora (SEED) award for exemplary life-time achievements and community service.