Frank Smets

Acting Head, MED

frank.smets@bis.org

Frank Smets is Acting Head of the Monetary and Economic Department and Head of Economic Analysis and Statistics. He is a member of the Bank's senior management team. Mr Smets joined the BIS in December 2024 from the ECB, where he was Adviser to the Executive Board. Previously, he was Director General of Economics, Adviser to the President of the ECB and Director General of Research at the ECB. He started his career at the BIS, where he worked until 1998. He held the BIS Alexandre Lamfalussy Senior Research Fellowship in 2023. Mr Smets is a recognised expert on monetary economics and monetary policy. He holds a PhD in economics from Yale University. His research includes work on monetary, macroeconomic, financial and international issues, mostly related to central banking.

All BIS publications (14)

BIS Working Paper No 43 2 Jul 1997

Exchange rate regimes and the expectations hypothesis of the term structure

Abstract of BIS Working Papers No. 43

Stefan Gerlach

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Frank Smets

Acting Head, MED

All BIS publications (14)

Exchange rate regimes and the expectations hypothesis of the term structure

Measuring monetary policy shocks in France, Germany and Italy: The role of the exchange rate

The term structure of Euro-rates: some evidence in support of the expectations hypothesis

The monetary transmission mechanism: Evidence from the G-7 countries

Contagious speculative attacks

All external publications (95)

Booms and banking crises

Labour market adjustments and migration in Europe and the United States: how different?

Monetary policy in a banking union

Professional forecasters and real-time forecasting with a DSGE model

Financial stability and monetary policy: how closely interlinked?

Convergence and divergence in government bond markets: implications for monetary policy

A monetary policy strategy in good and bad times: lessons from the recent past

Monetary policy frameworks after the great financial crisis

Sovereign debt overhang and monetary policy

All speeches (2)

Anchoring trust in money: innovation beyond stablecoins

Cross-border payments - a catalyst for global integration and growth

All videos (9)

Anchoring trust in money: innovation beyond stablecoins

BIS Media Briefing - Annual Economic Report 2026

BIS Media Briefing - Anchoring trust in money: innovation beyond stablecoins

Media briefing on the BIS Quarterly Review, December 2025

Media briefing on the BIS Quarterly Review, September 2025

Sustaining stability amid uncertainty and fragmentation

Fiscal backing and inflation

Media briefing on the BIS Quarterly Review, March 2025

Session 7 - Panel discussion: Future challenges for monetary policy in the Americas

All podcasts (7)

BIS Media Briefing - Annual Economic Report 2026

Anchoring trust in a digital era - tokenisation, stablecoins and the two tier system

BIS Media Briefing - Anchoring trust in money: innovation beyond stablecoins

Media briefing on the BIS Quarterly Review, March 2026

Media briefing on the BIS Quarterly Review, December 2025

Media briefing on the BIS Quarterly Review, September 2025

Media briefing on the BIS Quarterly Review, March 2025

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