Christian Upper

Head of Emerging Markets

Monetary and Economic Department

Christian Upper is head of the Emerging Markets section of the Monetary and Economic Department. He joined the BIS as a senior economist in the Financial Markets Section in August 2005. He became head of Monetary Policy and Exchange Rates in 2008, head of Financial Markets the following year, and moved to his current position in August 2015. Prior to coming to Basel, he spent seven years at the Deutsche Bundesbank. Christian holds a doctorate in economics from the European University Institute in Florence and a Master of Science in Economics from the University of Warwick. His research focuses on the interactions of finance and the macroeconomy. His work has been published in the European Economic Review and The Journal of Futures Markets as well as in publications by the Bundesbank, the ECB and the BIS.

Fields of interest

Financial markets
International capital flows
International finance

Date	BIS research papers
Aug 2017	Building Resilience to Global Risks: Challenges for African Central Banks BIS Papers No 93 Other authors: Benedicte Vibe Christensen
Dec 2016	Emerging derivatives markets? BIS Quarterly Review December 2016 Other authors: Marcos Valli
Nov 2016	Inflation mechanisms, expectations and monetary policy - Overview BIS Papers No 89
Jan 2016	Labour reallocation and productivity dynamics: financial causes, real consequences BIS Working Papers No 534 Other authors: Claudio Borio, Enisse Kharroubi and Fabrizio Zampolli
Dec 2013	The OTC interest rate derivatives market in 2013 BIS Quarterly Review December 2013 Other authors: Jacob Gyntelberg
Jul 2013	Credit and growth after financial crises BIS Working Papers No 416 Other authors: Előd Takáts
Sep 2010	Debt reduction after crises BIS Quarterly Review September 2010 Other authors: Garry Tang
Aug 2009	Financial Crises and Economic Activity Other authors: Stephen G Cecchetti and Marion Kohler
Mar 2008	What drives interbank rates? Evidence from the Libor panel BIS Quarterly Review March 2008 Other authors: François-Louis Michaud
Dec 2007	Changing post-trading arrangements for OTC derivatives BIS Quarterly Review December 2007 Other authors: Elisabeth Ledrut

" Simulation methods to assess the danger of contagion in interbank markets", Journal of Financial Stability, vol 7, no 3, pp 111-125, 2011.
" Financial crises and economic activity" (with S Cecchetti and M Kohler), in Financial stability and macroeconomic policy, proceedings of the Federal Reserve Bank of Kansas City Jackson Hole symposium, 20-22 August 2009.
" Estimating bilateral exposures in the German interbank market: is there a danger of contagion?" (with A Worms), European Economic Review, vol 48, issue 4, August 2004, pp 827-49.
" Time variation in the tail behaviour of bund futures returns" (with T Werner), Journal of Futures Markets, vol 24, no 4, April 2004, pp 387-98.