Tamon Asonuma

Last Updated: October 11, 2016

Tamon Asonuma

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.

Email: TASONUMA@imf.org

Personal WebPage: https://sites.google.com/site/tamonasonuma/

Fluent In: Japanese.

Education:

PhD in Economics, 2011, Boston University

MA in Economics, 2005, Keio University

BA in Economics, 2003, Keio University


Referee Activities:

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


Current Position:

Economist, Systemic Issues Division, Research Department, 12/2015-present


IMF Career:

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:

Public Finance

International Finance

Open Economy Macroeconomics

IMF Books and Working Papers:

Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel , Working Paper No. 19/69 , March 25, 2019

Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? , Working Paper No. 18/121 , May 22, 2018

Sovereign Debt Restructurings in Grenada : Causes, Processes, Outcomes, and Lessons Learned , Working Paper No. 17/171 , July 24, 2017

Sovereign Bond Prices, Haircuts and Maturity , Working Paper No. 17/119 , May 22, 2017

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

Tamon Asonuma

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.

Email: TASONUMA@imf.org

Personal WebPage: https://sites.google.com/site/tamonasonuma/

Fluent In: Japanese.

Education:

PhD in Economics, 2011, Boston University

MA in Economics, 2005, Keio University

BA in Economics, 2003, Keio University


Referee Activities:

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


Current Position:

Economist, Systemic Issues Division, Research Department, 12/2015-present


IMF Career:

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:

Public Finance

International Finance

Open Economy Macroeconomics

IMF Books and Working Papers:

Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel , Working Paper No. 19/69 , March 25, 2019

Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? , Working Paper No. 18/121 , May 22, 2018

Sovereign Debt Restructurings in Grenada : Causes, Processes, Outcomes, and Lessons Learned , Working Paper No. 17/171 , July 24, 2017

Sovereign Bond Prices, Haircuts and Maturity , Working Paper No. 17/119 , May 22, 2017

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).