Itai Agur is a Senior Economist at the Macro-Financial Division of the IMF's Research Department. Previously, he worked at the IMF's Strategy, Policy and Review Department (2015-2017), the IMF's Singapore Regional Training Institute (2011-2015), as well as the Research Department of the Dutch Central Bank (2008-2011) and the European Central Bank (2003-2004). His research interests include macro-financial interactions, macroprudential policy, monetary policy and banking.

Email: iagur@imf.org

Personal WebPage: https://itaiagur.weebly.com

Fluent In: Chinese, Dutch, French, German, Hebrew, Italian, Spanish.

Education:

European University Institute, PhD

University of Amsterdam, MSc & BSc

Awards and Honors:

The European Economic Association's Young Economist Award, 2007.

The Arrow Award for Young Economists, 2008

Field of Expertise:

Monetary Policy

Banking

Macro-Financial Issues

Itai Agur is a Senior Economist at the Macro-Financial Division of the IMF's Research Department. Previously, he worked at the IMF's Strategy, Policy and Review Department (2015-2017), the IMF's Singapore Regional Training Institute (2011-2015), as well as the Research Department of the Dutch Central Bank (2008-2011) and the European Central Bank (2003-2004). His research interests include macro-financial interactions, macroprudential policy, monetary policy and banking.

Email: iagur@imf.org

Personal WebPage: https://itaiagur.weebly.com

Fluent In: Chinese, Dutch, French, German, Hebrew, Italian, Spanish.

Education:

European University Institute, PhD

University of Amsterdam, MSc & BSc

Awards and Honors:

The European Economic Association's Young Economist Award, 2007.

The Arrow Award for Young Economists, 2008

Field of Expertise:

Monetary Policy

Banking

Macro-Financial Issues

IMF Books and Working Papers:

Designing Central Bank Digital Currencies, Working Paper No. 19/252, November 18, 2019

Casting Light on Central Bank Digital Currencies, Staff Discussion Notes No. 18/08, November 13, 2018

Monetary and Macroprudential Policy Coordination Among Multiple Equilibria, Working Paper No. 18/235, November 02, 2018

On International Integration of Emerging Sovereign Bond Markets, Working Paper No. 18/18, January 24, 2018

Will Macroprudential Policy Counteract Monetary Policy’s Effects on Financial Stability?, Working Paper No. 15/283, December 29, 2015

Bank Risk Within and Across Equilibria, Working Paper No. 14/116, July 02, 2014

Leaning Against the Wind and the Timing of Monetary Policy, Working Paper No. 13/86, April 03, 2013

Rules, Discretion, and Macro-Prudential Policy, Working Paper No. 13/65, March 08, 2013

Wholesale Bank Funding, Capital Requirements and Credit Rationing, Working Paper No. 13/30, January 31, 2013

IMF Country Reports

Canada 2016 Article IV Consultation, Staff Report.

Mongolia 2017 Article IV Consultation, Staff Report.

IMF Occasional Papers, Pamphlets, and Special Issues Papers

Strengthening the International Monetary System - A Stocktaking (2016) (with a large group of co-authors). IMF Policy Paper.

Publications in Journals (Refereed)

Monetary and Macroprudential Policy Coordination Among Multiple Equilibria (2019). Journal of International Money and Finance 96, 192-209.

Revisiting the Institutional Determinants of Central Bank Independence (2019) Applied Economics Letters 26, 1649-1654.

On International Integration of Emerging Sovereign Bond Markets (2019) (with Melissa Chan, Mangal Goswami and Sunil Sharma). Emerging Markets Review 38, 347-363.

Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability? (2019) (with Maria Demertzis). North American Journal of Economics and Finance 48, 65-75.

Populism and Central Bank Independence: Comment (2018) Open Economies Review 29(3), 687-693.

Bank Risk within and across Equilibria (2014). Journal of Banking and Finance 48, 322-333.

"Leaning Against the Wind" and the Timing of Monetary Policy (2013) (with Maria Demertzis). Journal of International Money and Finance 35, 179-194.

Multiple Bank Regulators and Risk Taking. (2013) Journal of Financial Stability 9(3), 259-268.

Wholesale Bank Funding, Capital Requirements and Credit Rationing (2013) Journal of Financial Stability 9(1), 38-45.

Credit Rationing When Banks are Funding Constrained (2012) North American Journal of Economics and Finance 23(2), 220-227.

Trade Liberalization, Firm Selection and Variety Growth (2010) Review of International Economics 18(3), 582-594.

The US Trade Deficit, the Decline of the WTO and the Rise of Regionalism (2008) Global Economy Journal 8(3).

Testing the Links Between Institutional Integration and Trade Deepening: Clues from Europe (2007) Open Economies Review 18(5), 599-612 (with Ettore Dorrucci and Francesco Mongelli).

How Did European Institutional Integration and Intra-European Trade Interact? (2007) Economie Internationale 109(1), 107-146. (with Ettore Dorrucci and Francesco Mongelli)

Publications in Books and Conference Volumes

Casting Light on Central Bank Digital Currencies (with Tommaso Mancini-Griffoli, Maria Soledad Martinez Peria, Anil Ari, John Kiff, Adina Popescu, and Celine Rochon). In: "Cryptoassets: Legal, Regulatory and Monetary Perspectives" Chris Brummer (ed.), Oxford University Press, 2019

Central Bank Digital Currencies: An Overview of Pros and Cons. In: "Do We Need Central Bank Digital Currencies? Economics, Technology and Institutions" Ernest Gnan and Donato Masciandaro (eds.), SUERF/BAFFI CAREFIN Conference Volume, 2018.

Lessons for Frontier Economies from Emerging Markets (with Mangal Goswami, Shinichi Nakabayashi and Sunil Sharma). In: "Frontier and Developing Asia: The Next Generation of Emerging Markets" Alfred Schipke (ed), International Monetary Fund Press, 2015.

Rules, Discretion, and Macro-Prudential Policy (with Sunil Sharma) In: 2014 "Institutional Structure of Financial Regulation: Theories and International Experiences" Robing Hui Huang and Dirk Schoenmaker (eds.), Routledge.

Other Published Materials

For a list of other publications, please see my personal site.