Stefan Avdjiev

Stefan Avdjiev

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

Stefan Avdjiev is a Principal Economist and the Deputy Head of International Banking and Financial Statistics. He joined the BIS in 2009, after the completion of his PhD in economics earlier the same year. Prior to assuming his current position, he worked as an Economist in the Financial Institutions and the Financial Markets groups of the BIS Monetary and Economic Department. He has conducted research in international finance, macroeconomics and asset pricing. 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

Jun 2017

Other authors: Leonardo Gambacorta, Linda Goldberg and Stefano Schiaffi

BIS Working Papers   | No 644
Apr 2017

Other authors: Stephan Binder and Ricardo Sousa

BIS Working Papers   | No 627
Nov 2016

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

BIS Working Papers   | No 592
Oct 2016

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

BIS Working Papers   | No 589
Sep 2016

Other authors: Agnė Subelytė and Előd Takáts

BIS Quarterly Review   | September 2016
Aug 2016

This note analyses the exposure of emerging market economies to international capital flow risks, paying particular attention to vulnerabilities in the non-financial corporate sector. It stresses the importance of studying the stocks of debt, gross rather than net flows, borrowers' nationality rather than location and the currency denomination of debt.

Other authors: Nikola Tarashev and Benjamin H Cohen

Mar 2016

Other authors: Előd Takáts

BIS Working Papers   | No 549
Oct 2015

Other authors: Robert N McCauley and Hyun Song Shin

BIS Working Papers   | No 524
Sep 2015

Other authors: Patrick McGuire and Philip Wooldridge

BIS Quarterly Review   | September 2015
Dec 2014

Other authors: Michael Chui and Hyun Song Shin

BIS Quarterly Review   | December 2014