Visiting scholars

Garry Schinasi

Former Visiting Fellow

Expertise: Safeguarding global financial stability issues; European financial crisis management; International financial architecture and global governance; International monetary and macroeconomic policy; Applied economic theory CV: Download CV

Garry J. Schinasi joined Bruegel in October 2009 as a Visiting Fellow. He is presently on sabbatical from the International Monetary Fund, where he has worked since 1990, focusing on global finance and financial stability issues for the past 14 years. For most of this time (1994-2003) he co-managed the IMF‘s surveillance of international capital markets, including the IMF‘s flagship publication International Capital Markets: Developments, Prospects, and Key Policy Issues (1994-2001) and later the Global Financial Stability Report. After taking a one-year sabbatical to write a book on financial stability, Garry returned to the IMF‘s Finance Department where he managed the development of the Department‘s framework for assessing financial risk in the Fund emphasizing credit risk.

While on sabbatical at the IMF, Garry is working as an independent researcher and advisor on global and European financial stability issues. He has published articles in The Review of Economic Studies, Journal of Economic Theory, Journal of International Money and Finance, and other academic and policy journals. His book titled, Safeguarding Financial Stability: Theory and Practice, was published by the IMF in January 2006.

He received his PhD in economics from Columbia University in 1979 and for the next decade held staff positions at the Board of Governors of the U.S. Federal Reserve System before joining the IMF.

Garry's research interests include: safeguarding global financial stability issues; European financial crisis management; international financial architecture and global governance; international monetary and macroeconomic policy; and applied economic theory

Contact information

gschinasi@verizon.net

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Working Paper

Reform of the Global Financial Architecture

This paper examines the implications of the global financialcrisis of 2007-10 for reform of the global financial architecture and identifies institutional and substantive reforms by organizations such as the IMF and Financial Stability Board. The publication was prepared for a conference sponsored by Bruegel and the Peterson Institute for International Economics (8 October 2010), as […]

By: Garry Schinasi Topic: Finance & Financial Regulation Date: October 18, 2010
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Policy Brief

More Than One Step to Financial Stability

Visiting Scholar Garry Schinasi examines the European proposals for the creation of both a European Systemic Risk Board (ESRB) to oversee macroprudential regulation and a European System of Financial Supervision (ESFS) to strengthen microprudential supervision. He argues that structural vulnerabilities of this regulatory framework need to be addressed to ensure that the early-warning systems will be […]

By: Garry Schinasi Topic: Finance & Financial Regulation Date: October 28, 2009