Tamon Asonuma is an Economist in the Systemic Issue Division in the IMF Research Department. Before joining the Research Department, he worked in the Strategy Review and Policy Department contributing to series of the IMF Policy Papers on sovereign debt restructurings and sovereign-bank linkages, and involving in many debt restructuring cases (Greece, Myanmar, Belize, Cyprus) as an expert. He holds a PhD in Economics from Boston University and his research interests are in macroeconomics, international finance, and public finance. He is particularly interested in sovereign debt and financial crises, and exchange rate regime. He has published in several academic journals, among which the Journal of the European Economic Association, Journal of Asian Economics, Review of Development Economics, Asian Development Review.
Personal WebPage: https://sites.google.com/site/tamonasonuma/
Fluent In: Japanese.
PhD in Economics, 2011, Boston University
MA in Economics, 2005, Keio University
BA in Economics, 2003, Keio University
Journal of the European Economic Association, Journal of International Money and Finance, Japanese Economic Review, Pacific Economic Review, Asian Development Review, Journal of Asian Economics
Economist, Systemic Issues Division, Research Department, 12/2015-present
Economist, Strategy Policy and Review Department, Debt Policy Division 9/2013-11/2015
Economist Program (EP), Strategy Policy and Review Department, Debt Policy Division, 3/2012-8/2013
Economist Program (EP), African Department, Southern II Division, South Africa desk, 9/2010-2/2012
Field of Expertise:
Open Economy Macroeconomics
IMF Books and Working Papers:
Sovereign Defaults, External Debt, and Real Exchange Rate Dynamics, Working Paper No. 16/37, February 25, 2016
Is Banks’ Home Bias Good or Bad for Public Debt Sustainability?, Working Paper No. 15/44, February 27, 2015
Sovereign Debt Restructurings in Belize: Achievements and Challenges Ahead, Working Paper No. 14/132, July 22, 2014
Building a Common Future in Southern Africa, April 05, 2013
Welfare Effects of Monetary Integration : The Common Monetary Area and Beyond, Working Paper No. 12/136, May 01, 2012
Other Published Materials
Serial Sovereign Defaults and Debt Restructurings
“Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond” edited by Joannes Mongardini, Chapter 5 in Building a Common Future in Southern Africa:
Challenges and Opportunities, International Monetary Fund, April 2013
Publications in Journals (Refereed)
“Sovereign Debt Restructurings: Preemptive or Post-default,” 2016, Journal of European Economic Association, Vol.14 (1), pp.175-214 (with Christoph Trebesch).
“Exchange Rate Regime Switching in Malaysia and Singapore in Repose to China’s Move to a Basket Peg: A DSGE Analysis,” 2016, Journal of Asian Economics, Vol.46, pp.17-37 (with Naoyuki Yoshino and Sahoko Kaji)
“Dynamic Effect of Change in Exchange Rate System,” 2016, Asian Development Review Vol.33(1), pp.111-161 (with Naoyuki Yoshino and Sahoko Kaji).
“Adjustments of Capital Account Restrictions and Exchange Rate Regimes in East Asia” 2015, Journal of International Commerce, Economics and Policy, Vol.6 (3), pp.1550015. (w.Naoyuki Yoshino and Sahoko Kaji)
“Dynamic Analysis of the Exchange Rate Regime: Policy Implications for Emerging Countries in East Asia,” 2015, Review of Development Economics, Vol.19 (3), pp.624-637. (with Naoyuki Yoshino and Sahoko Kaji)
“Dynamic Transition of Exchange Rate Regime in China,” 2014, China & World Economy, Vol.22 (3), pp.36-55 (w. Naoyuki Yoshino and Sahoko Kaji)
“Choices of Optimal Monetary Policy Instruments under the Floating and the Basket-peg Regimes,” 2012, Singapore Economic Review, Vol.57 (4), pp.1250024. (with Naoyuki Yoshino and Sahoko Kaji).