Sonya Zhu

Economist

Monetary and Economic Department, Financial Stability Policy

Sonya Zhu joined the BIS in 2021. Her research interests are empirical asset pricing, monetary policy and international finance, with a particular focus on the interplay between monetary policy and financial markets. Sonya holds a PhD in finance from the Stockholm School of Economics.

Fields of interest

Financial markets
Monetary policy
International finance

All BIS publications (12)

BIS Working Paper No 1330 10 Feb 2026

Passive investors and loan spreads

Focus Since the mid-2000s, the popularity of index funds as an investment vehicle has surged among institutional and retail…

Konrad Adler

Sebastian Doerr

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Sonya Zhu

Economist

Fields of interest

All BIS publications (12)

Passive investors and loan spreads

Predicting financial market stress with machine learning

Through stormy seas: how fragile is liquidity across asset classes and time?

CB-LMs: language models for central banking

The currency dimension in international financial statistics

International finance through the lens of BIS statistics: the global reach of currencies

International finance through the lens of BIS statistics: residence vs nationality

Unpacking international banks' deposit funding

The term structure of inflation forecasts disagreement and monetary policy transmission

All external publications (6)

Macroeconomic news and repricing of monetary policy expectations

How AI can help detect warning signs of financial market stress

Measuring International Economics: 100 Years Balance of Payments in Germany

Enhancing central bank communication: domain-specific language models

Non-Standard Errors

The term structure of inflation forecasts disagreement and monetary policy transmission

All videos (1)

Covid, central banks and the bank-sovereign nexus

All podcasts (1)

Under pressure: market conditions and stress

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