Claudio Borio

Head of the Monetary and Economic Department
Monetary and Economic Department

Currently Head of the Monetary and Economic Department, Bank for International Settlements. At the BIS since 1987, held various positions in the Monetary and Economic Department including Deputy Head of MED and Director of Research and Statistics, and Head of Secretariat for the Committee on the Global Financial System and the Gold and Foreign Exchange Committee (now the Markets Committee). From 1985 to 1987, Mr Borio worked as economist at the OECD in the country studies branch of the Economics and Statistics Department. Prior to that he was Lecturer and Research Fellow at Brasenose College, Oxford University. He holds a DPhil and MPhil in Economics and a BA in Politics, Philosophy and Economics from the same university. Mr Borio is author of numerous publications in the fields of monetary policy, banking, finance and issues related to financial stability.

Fields of interest

  • Monetary economics and policy
  • Financial stability
  • Banking and finance

  • " Risk attribution using the Shapley value: methodology and policy applications" (with N Tarashev and K Tsatsaronis), Review of Finance, 2015, pp 1-25.
  • "Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?", with H Zhu, forthcoming in Journal of Financial Stability, 2011
  • "Implementing a macroprudential framework: blending boldness and realism", Capitalism and Society, Vol. 6, Issue 1, Article 1, 2011
  • "Unconventional monetary policies: An appraisal", with P Disyatat, The Manchester School; Vol. 78, Issue s1, pp. 53-89, September 2010
  • "Global imbalances and financial stability: rethinking the role of international finance", with P Disyatat, Asian Economic Policy Review, Vol. 5, No. 2, pp. 198-216, 2010
  • "Whither monetary and financial stability? The implications of evolving policy regimes", with W White, Monetary policy and uncertainty: Adapting to a changing economy, proceedings of the Jackson Hole Symposium, Federal Reserve Bank of Kansas City, 28-30 August 2003, also forthcoming in Journal of Financial Stability