Iñaki Aldasoro

Ph.D. Economics. Banking, Macroeconomics, Networks, Systemic Risk, Financial Stability.

About Me

I work as an Economist at the Bank for International Settlements in Basel, Switzerland. (Disclaimer: this is my private site, the views expressed here are my own and not those of the BIS).

My research interests revolve around banking, macroeconomics, systemic risk, interbank networks and financial stability. You can find my CV here, and my BIS profile here.

Ph.D. in Economics – Goethe University Frankfurt (2015); M. Sc. in Economics – University of Buenos Aires (2011); Advanced Studies Program – Kiel Institute for the World Economy (2009); Licentiate in Economics – University of Buenos Aires (2006)

Bank for International Settlements (10/2016-present); European Systemic Risk Board (09-12/2015, 04-08/2016); International Monetary Fund (07-09/2013); European Central Bank (01-06/2013); Goethe University Frankfurt (06/2012-06/2016); Bruegel (09/2009-08/2010); M&S Consultores (07/2006-05/2008); FIEL (02/2005-06/2006)

Research

Published

Early warning indicators of banking crises: expanding the family

with C. Borio (BIS) & M. Drehmann (BIS)

BIS Quarterly Review

03/2018

Multiplex interbank networks and systemic importance – An application to European data

with I. Alves (ECB)

Journal of Financial Stability, 5, 17-37.

04/2018

Bank networks: contagion, systemic risk and prudential policy

with D. Delli Gatti (U. C. Sacro Cuore Milan) & E. Faia (Goethe University Frankfurt)

Journal of Economic Behavior & Organization, Vol 142, pp 164-188; BIS WP 597

10/2017

Systemic loops and liquidity regulation

with E. Faia (Goethe University Frankfurt)

Journal of Financial Stability, Vol. 27, pp 1-16; CEPR DP 10918

12/2016

Input-Output-based measures of systemic importance

with I. Angeloni (ECB)

Quantitative Finance, 15:4, 589-606. SAFE WP 29

03/2015

Less aid proliferation and more donor coordination? The wide gap between words and deeds

with P. Nunnenkamp & R. Thiele (Kiel Institute)

Journal of International Development, Vol 22, pp 920-940; Kiel Institute WP 1516.

10/2010

Working Papers / In Progress

The drivers of cyber risk

with L. Gambacorta (BIS), P. Giudici (Uni Pavia) and T. Leach (Uni Pavia)

05/2020

BIS Working Paper No 865, May 2020.

Global and domestic financial cycles: variations on a theme

with S. Avdjiev (BIS), C. Borio (BIS) and P. Disyatat

05/2020

BIS Working Paper No 864, May 2020.

The Janus face of bank geographic complexity

with B. Hardy (BIS) and M. Jager (Mannheim University)

04/2020

BIS Working Paper No 858, April 2020.

Operational and cyber risks in the financial sector

with L. Gambacorta (BIS), P. Giudici (Uni Pavia) and T. Leach (Uni Pavia)

02/2020

BIS Working Paper No 840, February 2020.

Macroprudential liquidity requirements

with G. Ferrara (BoE), S. Langfield (ECB), Z. Liu (BoE), and T. Ota (Goldman Sachs)

12/2019

VoxEU.org, December 2019.

Spillovers of funding dry-ups

with F. Balke (Goethe Uni Frankfurt), A. Barth (Goethe Uni Frankfurt) and E. Eren (BIS)

BIS WP 810

09/2019

Concentration in cross-border banking

with T. Ehlers (BIS)

06/2019

BIS Quarterly Review, June 2019, pp. 1 – 11.

The geography of dollar funding of non-US banks

with T. Ehlers (BIS)

12/2018

Summary

BIS Quarterly Review, December 2018, pp. 15 – 26.

Global liquidity: changing instrument and currency patterns

with T. Ehlers (BIS)

9/2018

BIS Quarterly Review, September 2018, pp. 17 – 27.

The credit default swap market: what a difference a decade makes

with T. Ehlers

6/2018

BIS Quarterly Review, June 2018, pp. 1 – 14.

Global banks, dollar funding, and regulation

with T. Ehlers and E. Eren (BIS)

BIS WP No 708

03/2018, updated 05/2019

Syndicated loans and CDS positioning

with A. Barth (Goethe University Frankfurt)

BIS WP 679 / ESRB WP 58

12/2017

Risk transfers in international banking

with T. Ehlers

BIS Quarterly Review, December 2017, pp. 15 – 22.

12/2017

External financing and economic activity in the euro area – why are bank loans special?

with R. Unger (Bundesbank)

BIS WP 622 / Bundesbank DP 04/17

03/2017

Shedding light on dark markets: first insights into the new EU-wide derivatives dataset

with J. Abad (CEMFI), C. Aymanns (Uni St. Gallen), M. D’Errico (UZH), L. Fache Rousová (ECB), P. Hoffmann (ECB), S. Langfield (ESRB), M. Neychev (ESRB) and T. Roukny (MIT)

ESRB Occasional Paper 11

09/2016

International bank lending to EMEs: A granular instrumental variable approach

with P. Beltran (UCLA), F. Grinberg (IMF) and Tommaso Mancini-Griffoli (IMF)

In progress (available upon request)

Contagion accounting

with A.-C. Hüser (BoE) and C. Kok (ECB)

In progress (available upon request)

Bank solvency risk and funding cost interactions in a small open economy: Evidence for Korea

with K. Park (Bank of Korea)

BIS WP 738

08/2018

Policy regimes, bank business models and the risk-taking channel of monetary policy

with K. Park (Bank of Korea)

In progress

Vertical fiscal imbalances and the accumulation of government debt

with M. Seiferling (UCL, IMF)

IMF Working Paper 14/209

10/2014

Policy

Effects of Covid-19 on the banking sector: the market’s assessment

with I. Fender (BIS), B. Hardy (BIS) and N. Tarashev (BIS)

BIS Bulletin No 12

04/2020

I occasionally contribute with other colleagues to the BIS Quarterly Review Highlights

03/2017

06/2017

09/2017

Can CCPs reduce repo market inefficiencies?

with T. Ehlers and  E. Eren

BIS Quarterly Review, December 2017, pp. 13 – 14.

12/2017

Non-US banks’ global dollar funding grows despite the US money market reform

with T. Ehlers,  E. Eren and R. N. McCauley

BIS Quarterly Review, March 2017, pp. 22 – 23.

03/2017

Bank liquidity requirements: How to get more bang for your buck

with E. Faia (Goethe University), G. Ferrara (BoE), S. Langfield (ECB), Z. Liu (BoE), and T. Ota (Goldman Sachs)

Bank Underground

04/2016

I contributed to the ESRB OP 9 Indirect contagion: the policy problem

01/2016

The fiscal compact and government debt: One law, multiple statistics

with E. Faia (Goethe University Frankfurt)

SAFE Policy Letter 22

03/2014

Discussions

Empirical network contagion in the US financial system, by F. Duarte and C. Jones

02/2020

Multiplex network analysis of the UK OTC derivatives market, by M. Bardoscia, G. Bianconi & G. Ferrara

11/2018

Rational dividend persistence in banking, by B. d’Udekem

12/2016

Ownership networks and aggregate volatility, by L. Burlon

07/2013

Get in touch.

I am currently based in Basel, Switzerland. Feel free to fill in the form and contact me.