Stefan Avdjiev

Senior Economist and Deputy Head of International Banking and Financial Statistics
Monetary and Economic Department

Stefan Avdjiev is a Senior Economist and Deputy Head of International Banking and Financial Statistics. He joined the BIS in September 2009 upon completion of his PhD in Economics. Prior to assuming his current position, he worked as an Economist in the Financial Institutions unit and Financial Markets group of the BIS Monetary and Economic Department. He has conducted research in macroeconomics, asset pricing and international finance. His current research is primarily focused on issues related to international capital flows and financial stability.

Fields of interest

  • International finance
  • Macroeconomics
  • Financial stability and macroprudential issues

Date BIS research papers
Nov 2017

CoCo issuance and bank fragility

BIS Working Papers No 678

Other authors: Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia Kartasheva

Jun 2017

The shifting drivers of global liquidity

BIS Working Papers No 644

Other authors: Leonardo Gambacorta, Linda Goldberg and Stefano Schiaffi

Apr 2017

External debt composition and domestic credit cycles

BIS Working Papers No 627

Other authors: Stephan Binder and Ricardo Sousa

Nov 2016

The dollar, bank leverage and the deviation from covered interest parity

BIS Working Papers No 592

Other authors: Wenxin Du, Catherine Koch and Hyun Song Shin

Oct 2016

International prudential policy spillovers: a global perspective

BIS Working Papers No 589

Other authors: Catherine Koch, Patrick McGuire and Goetz von Peter

Sep 2016

The ECB's QE and euro cross-border bank lending

BIS Quarterly Review September 2016

Other authors: Agnė Subelytė and Előd Takáts

Aug 2016

International capital flows and financial vulnerabilities in emerging market economies: analysis and data gaps

Other authors: Nikola Tarashev and Benjamin H Cohen

Mar 2016

Monetary policy spillovers and currency networks in cross-border bank lending

BIS Working Papers No 549

Other authors: Előd Takáts

Oct 2015

Breaking free of the triple coincidence in international finance

BIS Working Papers No 524

Other authors: Robert N McCauley and Hyun Song Shin

Sep 2015

Enhanced data to analyse international banking

BIS Quarterly Review September 2015

Other authors: Patrick McGuire and Philip Wooldridge