Katsiaryna Svirydzenka

Last Updated: November 15, 2021

Katsiaryna Svirydzenka

Katsiaryna Svirydzenka is Assistant to the Director of the Asia and Pacific Department. Previously she worked as economist in the Asia and Pacific Regional Studies Division and prior to that in the Emerging Markets Division of the Strategy, Policy, and Review Department. She contributed to the work of multiple IMF country teams, including India, Russia, Malaysia, Serbia, Mongolia, Solomon Islands, and others. Her research interests include financial cycles, network analysis and systemic risk, financial spillovers, financial development, IMF facilities and program design, firm-level productivity and zombie firms.

Email: KSVIRYDZENKA@imf.org

Fluent In: Italian, Russian.

Education:

Ph.D. in Economics, Summa Cum Laude avec Felicitations, Graduate Institute of International and Development Studies, Geneva, Switzerland, 2006-2010

M.A. in International Economics and International Relations, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University, Bologna, Italy and Washington D.C., USA, 2002-2004

B.A. in Economics, Cum Laude, American University in Bulgaria, Blagoevgrad, Bulgaria, 1998-2002


Previous Experience:

International Monetary Fund, Strategy, Policy, and Review Department, Emerging Markets Division, 2012-2017

International Monetary Fund, African Department, Mauritius and Mozambique, 2010-2012

Bank of England, Financial Stability Department, International Finance Division, Ph.D. internship, 2009

Study Center Gerzensee, Swiss National Bank, Teaching Assistant, 2008-2009

International Monetary Fund, European Department, Research Assistant, 2004-2006

Tudor Investment Corporation, Emerging Markets Group, Quantitative Analyst, 2004


Country work or Mission Assignment:

Article IV Surveillance: India, Russia, Malaysia, Cambodia, Mauritius

Program negotiations and reviews: Serbia, Mongolia, Mozambique, Solomon Islands.


Seminar Presentation:

Financial Cycles: Early Warning Indicators of Banking Crises? Analytical Corner at the 2018 IMF Spring Meetings

https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2018/04/17/financial_cyclesearlywarningindicatorsofbankingcrises_125729.html?display=none


Others:

Financial Development Index database: http://data.imf.org/fdindex

Nine indices that summarize how developed financial institutions and financial markets are in terms of their depth (size and liquidity), access (ability of individuals and companies to access financial services), and efficiency (ability of institutions to provide financial services at low cost and with sustainable revenues and the level of activity of capital markets) in 183 countries with annual frequency starting from 1980.


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Finance

IMF Books and Working Papers:

Policy Advice to Asia in the COVID-19 Era , Departmental Paper No. , March 05, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Introducing a New Broad-based Index of Financial Development , Working Paper No. 16/5 , January 12, 2016

Effects of Monetary and Macroprudential Policies on Financial Conditions : Evidence from the United States , Working Paper No. 15/288 , December 31, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Mauritius The Drivers of Growth—Can the Past be Extended? , Working Paper No. 14/134 , July 23, 2014

Other Published Materials

Is South Asia Ready for Take Off? A Sustainable and Inclusive Growth Agenda, APD Departmental Paper No. 19/18, October 2019.

Caught in Prolonged Uncertainty: Challenges and Opportunities for Asia. APD Regional Economic Outlook, October 2019.

Productivity Growth in Asia: Boosting Firm Dynamism and Weeding out the Zombies. APD Regional Economic Outlook, Background Paper 3, October 2018.

Low Inflation in Asia: How Long Will It Last? APD Regional Economic Outlook Chapter 2, April 2018.

Spillovers from China: Financial Channels, IMF Spillover Note 5, September 27, 2016

Adequacy of the Global Financial Safety Net, IMF Policy Paper, March 2016

Crisis Program Review, IMF Policy Paper, November 9, 2015

Monetary Policy and Financial Stability, IMF Policy Paper, September 2015

Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument, IMF Policy Paper, January 27, 2014

Katsiaryna Svirydzenka

Katsiaryna Svirydzenka is Assistant to the Director of the Asia and Pacific Department. Previously she worked as economist in the Asia and Pacific Regional Studies Division and prior to that in the Emerging Markets Division of the Strategy, Policy, and Review Department. She contributed to the work of multiple IMF country teams, including India, Russia, Malaysia, Serbia, Mongolia, Solomon Islands, and others. Her research interests include financial cycles, network analysis and systemic risk, financial spillovers, financial development, IMF facilities and program design, firm-level productivity and zombie firms.

Email: KSVIRYDZENKA@imf.org

Fluent In: Italian, Russian.

Education:

Ph.D. in Economics, Summa Cum Laude avec Felicitations, Graduate Institute of International and Development Studies, Geneva, Switzerland, 2006-2010

M.A. in International Economics and International Relations, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University, Bologna, Italy and Washington D.C., USA, 2002-2004

B.A. in Economics, Cum Laude, American University in Bulgaria, Blagoevgrad, Bulgaria, 1998-2002


Previous Experience:

International Monetary Fund, Strategy, Policy, and Review Department, Emerging Markets Division, 2012-2017

International Monetary Fund, African Department, Mauritius and Mozambique, 2010-2012

Bank of England, Financial Stability Department, International Finance Division, Ph.D. internship, 2009

Study Center Gerzensee, Swiss National Bank, Teaching Assistant, 2008-2009

International Monetary Fund, European Department, Research Assistant, 2004-2006

Tudor Investment Corporation, Emerging Markets Group, Quantitative Analyst, 2004


Country work or Mission Assignment:

Article IV Surveillance: India, Russia, Malaysia, Cambodia, Mauritius

Program negotiations and reviews: Serbia, Mongolia, Mozambique, Solomon Islands.


Seminar Presentation:

Financial Cycles: Early Warning Indicators of Banking Crises? Analytical Corner at the 2018 IMF Spring Meetings

https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2018/04/17/financial_cyclesearlywarningindicatorsofbankingcrises_125729.html?display=none


Others:

Financial Development Index database: http://data.imf.org/fdindex

Nine indices that summarize how developed financial institutions and financial markets are in terms of their depth (size and liquidity), access (ability of individuals and companies to access financial services), and efficiency (ability of institutions to provide financial services at low cost and with sustainable revenues and the level of activity of capital markets) in 183 countries with annual frequency starting from 1980.


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Finance

IMF Books and Working Papers:

Policy Advice to Asia in the COVID-19 Era , Departmental Paper No. , March 05, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Introducing a New Broad-based Index of Financial Development , Working Paper No. 16/5 , January 12, 2016

Effects of Monetary and Macroprudential Policies on Financial Conditions : Evidence from the United States , Working Paper No. 15/288 , December 31, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Mauritius The Drivers of Growth—Can the Past be Extended? , Working Paper No. 14/134 , July 23, 2014

Other Published Materials

Is South Asia Ready for Take Off? A Sustainable and Inclusive Growth Agenda, APD Departmental Paper No. 19/18, October 2019.

Caught in Prolonged Uncertainty: Challenges and Opportunities for Asia. APD Regional Economic Outlook, October 2019.

Productivity Growth in Asia: Boosting Firm Dynamism and Weeding out the Zombies. APD Regional Economic Outlook, Background Paper 3, October 2018.

Low Inflation in Asia: How Long Will It Last? APD Regional Economic Outlook Chapter 2, April 2018.

Spillovers from China: Financial Channels, IMF Spillover Note 5, September 27, 2016

Adequacy of the Global Financial Safety Net, IMF Policy Paper, March 2016

Crisis Program Review, IMF Policy Paper, November 9, 2015

Monetary Policy and Financial Stability, IMF Policy Paper, September 2015

Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument, IMF Policy Paper, January 27, 2014

Publications in Journals (Refereed)

The great entanglement: The contagious capacity of the international banking network just before the 2008 crisis (with Rodney Garratt and Lavan Mahadeva), Journal of Banking and Finance, 2014, vol. 49(C), pages 367-385.

Mauritius: The Drivers of Growth – Can the Past Be Extended? (with Martin Petri), Journal of Banking and Financial Economics, 2017, vol. 2(8), pages 54-83.

Other Published Materials

Mapping systemic risk in the international banking network (with Rodney Garratt and Lavan Mahadeva), Bank of England working papers 413, March 2011.