Dubravko Mihaljek

Head of Macroeconomic Analysis

Monetary and Economics Department

Head of Macroeconomic Analysis at the BIS since 2011; Head of Emerging Markets 2010-2011; senior economist 1999-2010. Analyses developments in emerging markets and the global economy, organises central bank meetings on monetary policy and financial stability issues. From 1990-1999, Economist and senior economist in Fiscal Affairs, European and Asian Departments of the IMF in Washington DC. Assistant research fellow at the Economics Institute in Zagreb (1982-89). Studied economics at the University of Pittsburgh (PhD, 1990); University of Minnesota (MA, 1986); and University of Zagreb (BA, 1981).

Fields of interest

Macroeconomics
International economics
Central and eastern Europe

Selected Publications

"Derivatives in emerging markets", with Frank Packer, BIS Quarterly Review, December 2010.
"The determinants of cross-border bank flows to emerging markets: new empirical evidence on the spread of financial crises", with Sabine Herrmann, BIS Working Papers No 315, July 2010.
"Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited", European Economy Occasional Papers No. 50, July 2009.
"The financial stability implications of increased capital flows for emerging market economies", BIS Papers No 44, December 2008.

BIS Research papers

Date	Research papers
Oct 2011	Exchange rates and monetary policy frameworks in EMEs BIS Papers No 57 Other authors: Andrew Filardo and Guonan Ma
Oct 2011	Annex: Alternative central bank policy instruments BIS Papers No 57 Other authors: Agne Subelyte
Oct 2011	How have external factors affected monetary policy in the EMEs? BIS Papers No 57
Sep 2011	Capital flows, commodity price movements and foreign exchange intervention BIS Papers No 56 Other authors: Logan Rangasamy
Dec 2010	Domestic bank intermediation in emerging market economies during the crisis: locally owned versus foreign-owned banks BIS Papers No 54
Dec 2010	Derivatives in emerging markets BIS Quarterly Review December 2010 Other authors: Frank Packer
Jul 2010	The determinants of cross-border bank flows to emerging markets: new empirical evidence on the spread of financial crises Working Papers No 315 Other authors: Sabine Herrmann
Jan 2010	Wages, productivity and "structural" inflationin emerging market economies BIS Papers No 49 Other authors: Sweta C Saxena
Jan 2009	The financial stability implications of increased capital flows for emerging market economies BIS Papers No 44
Dec 2008	Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited Working Papers No 270 Other authors: Marc Klau