Stijn Claessens

Head of Financial Stability Policy Bank for International Settlements and CEPR Research Fellow

Stijn Claessens is Head of Financial Stability Policy in the Monetary and Economic Department of the Bank for International Settlements. He represents the BIS externally in senior groups, including the Financial Stability Board, Basel Committee on Banking Supervision, and G-20.  Within the BIS, Mr. Claessens leads policy-based analyses on financial sector issues and oversees the work of the Committee on the Global Financial System and other Committee Secretariats. He holds a Ph.D. in business economics from the Wharton School of the University of Pennsylvania and a M.A. from Erasmus University, Rotterdam. He taught at the New York University business school and the University of Amsterdam. Between 1987 and 2006, he worked at the World Bank in various positions. During 2007-2014, he was Assistant Director in the Research Department of the International Monetary Fund. From 2015 to early 2017, he was Senior Adviser in the Division of International Finance of the Federal Reserve Board.

His policy and research interests are in finance, including financial reform, globalization, and business and financial cycles. Over his career, Mr. Claessens has provided policy advice to many countries. His research has been published, among others, in the Journal of Financial Economics, Journal of Finance and Quarterly Journal of Economics. He has edited several books, including International Financial Contagion, Resolution of Financial Distress, Macro-Prudential Regulatory Policies, Financial Crises; and Shadow Banking. He is an associate editor at the IMF Economic Review and other journals, a fellow of CEPR, and on the Advisory Board of the Yale Financial Stability Program.