Rafael Termes

Dr. Rafael Termes Carrera was born in Sitges, Barcelona, on 5th December 1918. Although he graduated as an Industrial Engineer, it was a career in finance and banking that he chose to follow. From 1951 to 1954 he set up the “Credit Andorra,” where he acted as Delegate Advisor from 1955 to 1965, and Advisor from 1965 to 1970.

Termes was founder and teacher of the IESE Business School, a member of the Royal Academy of Moral and Political Sciences, and of the Academy of Economics and Finance.

Biography

In 1955 he was appointed Regional Advisor to the Spanish Popular Bank, where he worked until named Vice-President of the Regional Council in Barcelona in 1960. In 1964, he was nominated member of the Administrative Board of the Spanish Popular Bank, and later that year was instrumental in creating a new branch - the European Business Bank. In 1966 he became Delegate Advisor to the Spanish Popular Bank.

In 1965, he helped set up the Spanish Analysts’ Investment Institute, the board of which he presided until 1973 when he was named Honorary President.

From 1966 to 1977, he was Delegate Advisor to the Spanish Bank Association (AEB); and President from 1977 until 1990 when he decided not to run for re-election.

For three years, from 1970 to 1973, he represented Spain in the European Federation of Financial Analysts’ Societies (EFFAS).

Works

Ever a staunch defender of human liberty and of a free market as the means to attain improved social order, Rafael Termes has published, among other works: El poder creador del riesgo (1986); Del estatismo a la libertad. Perspectiva de los países del Este (1990); Desde la banca. Tres décadas de la vida económica española (1991); Antropología del capitalismo: un debate abierto abierto (1992); Las causas del paro (1995); and Desde la libertad (1997).

Honors

As well as other awards, Profesor Termes has received the Grand Cross of the Order of Civil Merit, the Award for Free Enterprise (2002), the Gold Mercury Award for Economy, and the Castilla y León Infanta Cristina Economy Award (2003).

References

• http://web.iese.edu/RTermes Translation by Barbara Koose

• http://www.libertaddigital.com/php3/noticia.php3?cpn=1276259240

• http://www.eumed.net/economistas/06/termes.htm

External Links

• ¿What is an enterprise and who is an entrepreneur? Conference at Francisco Marroquin University, Guatemala. Sept. 4th, 2003
• ¿What it is to be a liberal?Conference at Francisco Marroquín University, Guatemala. 1998
• Wellfare stateConference at the Francisco Marroquín University.Guatemala March 11, 1998.
• Antropology of capitalism Conference at the Francisco Marroquín University, Auditorio New Media. Guatemala september 5, 2003
• La crisis bancaria y la evolución de los sistemas de salvaguarda. Sus costos y sus logros Conference at Francisco Marroquin University, Guatemala. Sept. 4th, 2003