Kostas Tsatsaronis
Head of Financial Institutions and Infrastructure
Monetary and Economic Department
Bank for International Settlements

Mr. Kostas Tsatsaronis studied ecudeshionomics at the Athens School of Economics, Wayne State University, and University of California at Berkeley. He joined the Monetary and Economic Department of the Bank for International Settlements the summer of 1994. His research work spans a variety of topics related to monetary policy and financial markets and institutions.

Mr. Tsatsaronis’ work on monetary policy relates to the transmission mechanism of monetary policy and in particular to the existence of a bank credit channel in four industrialized countries. He has also worked on the attribution of the leading indicator property of the slope of the term structure for future economic activity to monetary policy and macroeconomic factors.

Over the past few years, Mr. Tsatsaronis’ focus has been on financial stability issues and the role of institutional investors in financial markets. Projects include the estimation of hedge fund strategies, the impact of international capital flows on domestic market conditions, and a characterization of the shifts in market participant’s attitude towards financial risk. He is currently working on issues related to systemic financial risk and macro-prudential supervision.