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
Dec 2014

Non-financial corporations from emerging market economies and capital flows

BIS Quarterly Review December 2014

Other authors: Michael Chui and Hyun Song Shin

Sep 2014

Cross-border bank lending during the taper tantrum: the role of emerging market fundamentals

BIS Quarterly Review September 2014

Other authors: Előd Takáts

Jun 2014

Credit growth, monetary policy, and economic activity in a three-regime TVAR model

BIS Working Papers No 449

Other authors: Zheng Zeng

Sep 2013

CoCos: a primer

BIS Quarterly Review September 2013

Other authors: Anastasia Kartasheva and Bilyana Bogdanova

Dec 2012

The euro area crisis and cross-border bank lending to emerging markets

BIS Quarterly Review December 2012

Other authors: Zsolt Kuti and Előd Takáts

Sep 2012

The Social Value of Policy Signals

BIS Working Papers No 386

Other authors: Patrick McGuire and Nikola Tarashev

Apr 2012

Rapid credit growth and international credit: challenges for Asia

BIS Working Papers No 377

Other authors: Robert Neil McCauley and Patrick McGuire

Dec 2011

Measuring the vulnerability of emerging market economies to sudden capital withdrawals through the banking system

BIS Quarterly Review December 2011

Nov 2011

News driven business cycles and data on asset prices in estimated DSGE models

BIS Working Papers No 358

Sep 2011

Exploring the relationship between "guarantees extended" and CDS sold

BIS Quarterly Review September 2011