Mathias Drehmann

Principal Economist
Monetary and Economic Department, Financial Markets

Mathias Drehmann's main expertise lies in financial stability questions, macroprudential regulation and addressing procyclicality, where his research provided the basis for the countercyclical capital buffer adopted under Basel III. Mathias has widely published in academic journals such as the American Economic Review, the Journal of Financial Intermediation and the Journal of Banking and Finance. He has participated in several international working groups of the Basel Committee, the Committee on the Global Financial System and the Financial Stability Board. Before joining the BIS, Mathias was a research manager at the Bank of England and a Senior Expert at the European Central Bank. He received a PhD from the University of Bonn and the London School of Economics, as part of the European Doctoral Program for Quantitative Economics.

Fields of interest

  • Financial stability and macroprudential issues
  • Business cycles and growth
  • Financial institutions and microprudential issues (including banking supervision)

Date BIS research papers
Jun 2017

Accounting for debt service: the painful legacy of credit booms

BIS Working Papers No 645

Other authors: Mikael Juselius and Anton Korinek

Jul 2016

Monetary policy, the financial cycle and ultra-low interest rates

BIS Working Papers No 569

Other authors: Mikael Juselius, Claudio Borio and Piti Disyatat

Sep 2015

How much income is used for debt payments? A new database for debt service ratios

BIS Quarterly Review September 2015

Other authors: Anamaria Illes, Mikael Juselius and Marjorie Santos

May 2015

Leverage dynamics and the real burden of debt

BIS Working Papers No 501

Other authors: Mikael Juselius

Mar 2014

The credit-to-GDP gap and countercyclical capital buffers: questions and answers

BIS Quarterly Review March 2014

Other authors: Kostas Tsatsaronis

Aug 2013

Evaluating early warning indicators of banking crises: satisfying policy requirements

BIS Working Papers No 421

Other authors: Mikael Juselius

Jun 2013

Total credit as an early warning indicator for systemic banking crises

BIS Quarterly Review June 2013

Mar 2013

How much does the private sector really borrow - a new database for total credit to the private non-financial sector

BIS Quarterly Review March 2013

Other authors: Christian Dembiermont and Siriporn Muksakunratana

Sep 2012

Do debt service costs affect macroeconomic and financial stability?

BIS Quarterly Review September 2012

Other authors: Mikael Juselius

Jun 2012

Characterising the financial cycle: don't lose sight of the medium term!

BIS Working Papers No 380

Other authors: Claudio Borio and Kostas Tsatsaronis