Hélène Rey

Economic Adviser and Head of Monetary and Economic Department

Hélène Rey became Economic Adviser and Head of the Monetary and Economic Department on 1 September 2026. She is a member of the Bank’s Executive Committee.

Before joining the BIS, Ms Rey was the Lord Raj Bagri Professor of Economics at London Business School, a position to which she was appointed in 2016. Previously, she was Professor of Economics and International Affairs at Princeton University.

Ms Rey holds a PhD in economics from the London School of Economics and the École des Hautes Études en Sciences Sociales, Paris, as well as degrees from Stanford University and the École Nationale de la Statistique et de l’Administration Économique. Her research focuses on the global financial cycle and exchange rates, financial crises and the organisation of the international monetary system. She is a Fellow of the British Academy, the Econometric Society and is a member of the American Academy of Arts and Sciences. She received the Order of the British Empire (OBE) in honour of her impactful work in the field of economics.

All BIS publications (2)

BIS Working Paper No 926 1 Feb 2021

Answering the Queen: Machine learning and financial crises

Financial crises cause economic, social and political havoc. Macroprudential policies are gaining traction but are still…

Jérémy Fouliard

Michael Howell

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Hélène Rey

Economic Adviser and Head of Monetary and Economic Department

All BIS publications (2)

Answering the Queen: Machine learning and financial crises

Global real rates: a secular approach

All external publications (37)

The Financial Crisis and the Geography of Wealth Transfers

The Fiscal Consequences of Missing an Inflation Target

Financial Cycles with Heterogeneous Intermediaries

Global Portfolio Rebalancing and Exchange Rates

Central Bank Policy and the Concentration of Risk: Empirical Estimates

The Global Financial Cycle

Financial Integration and Growth in a Risky World

US Monetary Policy and The Global Financial Cycle

The Global Financial Cycle After Lehman

All videos (7)

Panel G - Green Swan Conference 2021

Borio at BCL conference on future of international monetary and financial system

Challenges for monetary policy from global financial cycles

Booms and busts: are we better able to deal with them today?

The global financial system, the real rate of interest and a long history of boom-bust cycles 2017

Everything old is new again: the comeback of capital controls

The international monetary and financial system: its Achilles heel and what to do about it

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