Fabio Natalucci
Fabio M. Natalucci is a Deputy Director of the Monetary and Capital Markets Department with responsibility for the IMF’s global financial markets monitoring and systemic risk assessment functions. He oversees the Global Financial Stability Report that gives the IMF’s assessment of global financial stability risks. He is also responsible for monitoring and evaluating risks and opportunities in sustainable finance markets. Prior to joining the IMF, Fabio was a Senior Associate Director in the Division of Monetary Affairs at the Federal Reserve Board, where he conducted research and current analysis on the relationship between monetary policy, financial regulatory policy, and financial stability. Between October 2016 and June 2017, Mr. Natalucci was Deputy Assistant Secretary for International Financial Stability and Regulation at the U.S. Department of Treasury. His responsibilities included leading U.S. engagement on financial regulatory cooperation in the G-20, representing the U.S. Treasury at the Financial Stability Board, coordinating between domestic and international post-crisis regulatory reforms, and monitoring developments and vulnerabilities in global financial markets. Fabio holds a PhD in Economics from New York University.
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Contents
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Financial Stability Implications of Emerging Market Currency Developments
- Published: July 22, 2024
- Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
- Summary: Currencies have depreciated to varying degrees in emerging market economies as interest rate differentials with the United States narrowed
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Rising Cyber Threats Pose Serious Concerns for Financial Stability
- Published: April 9, 2024
- Authors: Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim
- Summary: Greater digitalization and heightened geopolitical tensions imply that the risk of a cyberattack with systemic consequences has risen
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Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch
- Published: April 8, 2024
- Authors: Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto
- Summary: Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight
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Emerging Markets Navigate Global Interest Rate Volatility
- Published: January 31, 2024
- Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
- Summary: Major emerging markets have shown resilience to global rate gyrations, but more challenging times could be ahead
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US Commercial Real Estate Remains a Risk Despite Investor Hopes for Soft Landing
- Published: January 18, 2024
- Authors: Andrea Deghi, Fabio Natalucci, Mahvash S. Qureshi
- Summary: One of the steepest price declines in at least a half century heightens risks to investors and lenders
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New Look at Global Banks Highlights Risks From Higher-for-Longer Interest Rates
- Published: October 16, 2023
- Authors: Charles Cohen, Srobona Mitra, Fabio Natalucci
- Summary: Higher interest rates have exposed vulnerabilities in some banks, and many more would be weakened by a prolonged period of tight monetary policy
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Emerging Economies Need Much More Private Financing for Climate Transition
- Published: October 2, 2023
- Authors: Prasad Ananthakrishnan, Torsten Ehlers, Charlotte Gardes-Landolfini, Fabio Natalucci
- Summary: A broad mix of policies is needed to unlock the necessary private capital in emerging market and developing economies and ensure a positive climate impact
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Inflation Remains Risk Confronting Financial Markets
- Published: July 27, 2023
- Authors: Tobias Adrian, Fabio Natalucci, Jason Wu
- Summary: Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth
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Geopolitics and Fragmentation Emerge as Serious Financial Stability Threats
- Published: April 5, 2023
- Authors: Mario Catalán, Fabio Natalucci, Mahvash S. Qureshi, Tomohiro Tsuruga
- Summary: Rising tensions could trigger cross-border capital outflows and increased uncertainty that would threaten macro-financial stability
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Nonbank Financial Sector Vulnerabilities Surface as Financial Conditions Tighten
- Published: April 4, 2023
- Authors: Antonio Garcia Pascual, Fabio Natalucci, Thomas Piontek
- Summary: NBFIs have emerged as key players in the financial sector, and global financial stability could hinge on their resilience as policy is tightened to tackle high inflation
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Looser Financial Conditions Pose Conundrum for Central Banks
- Published: February 2, 2023
- Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
- Summary: Despite sharp monetary policy tightening, financial conditions have eased around much of the globe, posing a challenge for central banks
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How Blended Finance Can Support Climate Transition in Emerging and Developing Economies
- Published: November 15, 2022
- Authors: Bo Li, Fabio Natalucci, Prasad Ananthakrishnan
- Summary: Innovative instruments and equity finance are needed to enhance risk-sharing through public-private partnerships and maximize the impact of scarce public funds
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How to Scale Up Private Climate Finance in Emerging Economies
- Published: October 7, 2022
- Authors: Torsten Ehlers, Charlotte Gardes-Landolfini, Fabio Natalucci, Prasad Ananthakrishnan
- Summary: Scaling up private capital is crucial to finance vital low-carbon infrastructure projects, particularly in less developed economies
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How Illiquid Open-End Funds Can Amplify Shocks and Destabilize Asset Prices
- Published: October 4, 2022
- Authors: Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim
- Summary: Mutual funds holding hard-to-sell assets but offering daily redemptions can spark volatility and magnify the impact of shocks, especially in periods of market stress
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Commercial Real Estate Sector Faces Risks as Financial Conditions Tighten
- Published: September 22, 2022
- Authors: Andrea Deghi, Fabio Natalucci, Mahvash S. Qureshi
- Summary: Financial conditions are an important driver of prices, and they help to explain recent divergence between different parts of the market
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Achieving Net-Zero Emissions Requires Closing a Data Deficit
- Published: August 23, 2022
- Authors: Charlotte Gardes-Landolfini, Fabio Natalucci
- Summary: High-quality, reliable, and comparable gauges are lacking. Here’s how to close the gap.
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Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures
- Published: August 10, 2022
- Authors: Tobias Adrian, Fabio Natalucci
- Summary: During the pandemic, central banks in both advanced and emerging market economies took unprecedented measures to ease financial conditions and support the economic recovery, including interest-rate cuts and asset purchases.
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Soaring Inflation Puts Central Banks on a Difficult Journey
- Published: August 1, 2022
- Authors: Tobias Adrian, Christopher Erceg, Fabio Natalucci
- Summary: Upside risks to the inflation outlook remain large, and more aggressive tightening may be needed if these risks materialize.
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From 1980s Debt Crisis to Crypto Era, Financial Stability Monitoring is Always Evolving
- Published: June 22, 2022
- Authors: Tobias Adrian, Fabio Natalucci, Mahvash S. Qureshi
- Summary: The IMF’s Global Financial Stability Report, introduced in 2002, was a step toward a more comprehensive assessment of risks in financial markets and cross-border capital flows.
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Emerging-Market Banks’ Government Debt Holdings Pose Financial Stability Risks
- Published: April 18, 2022
- Authors: Andrea Deghi, Fabio Natalucci, Mahvash S. Qureshi
- Summary: Banks’ holdings of sovereign debt rise to a record as governments spend to cushion pandemic impact.
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Fast-Moving FinTech Poses Challenge for Regulators
- Published: April 13, 2022
- Authors: Antonio Garcia Pascual, Fabio Natalucci
- Summary: Emerging firms are quickly making inroads into critical financial services, and often taking on more risk than traditional banks.
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Sustainable Finance in Emerging Markets is Enjoying Rapid Growth, But May Bring Risks
- Published: March 1, 2022
- Authors: Deepali Gautam, Rohit Goel, Fabio Natalucci
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How Investment Funds Can Drive the Green Transition
- Published: October 4, 2021
- Authors: Fabio Natalucci, Felix Suntheim, Jérôme Vandenbussche
- Summary: Sustainable investment funds need to be scaled up to support a successful transition to a green economy.
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Crypto Boom Poses New Challenges to Financial Stability
- Published: October 1, 2021
- Authors: Dimitris Drakopoulos, Fabio Natalucci, Evan Papageorgiou
- Summary: As crypto assets take hold, regulators need to step up.
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How Strengthening Standards for Data and Disclosure Can Make for a Greener Future
- Published: May 13, 2021
- Authors: Caio Ferreira, Fabio Natalucci, Ranjit Singh, Felix Suntheim
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Understanding the Rise in Long-Term Rates
- Published: April 22, 2021
- Authors: Tobias Adrian, Rohit Goel, Sheheryar Malik, Fabio Natalucci
- Summary: The rise in long-term US interest rates has become a focus of global macro-financial concerns.
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Confronting the Hazards of Rising Leverage
- Published: March 29, 2021
- Authors: Adolfo Barajas, Fabio Natalucci
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Commercial Real Estate at a Crossroads
- Published: March 29, 2021
- Authors: Andrea Deghi, Fabio Natalucci
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Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction
- Published: January 27, 2021
- Authors: Tobias Adrian, Fabio Natalucci
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Firms’ Environmental Performance in Times of Crisis
- Published: October 26, 2020
- Authors: Pierre Guérin, Fabio Natalucci, Felix Suntheim
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Emerging and Frontier Markets: Policy Tools in Times of Financial Stress
- Published: October 23, 2020
- Authors: Dimitris Drakopoulos, Rohit Goel, Fabio Natalucci, Evan Papageorgiou
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Financial Conditions Have Eased, but Insolvencies Loom Large
- Published: June 25, 2020
- Authors: Tobias Adrian, Fabio Natalucci
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COVID-19 Worsens Pre-existing Financial Vulnerabilities
- Published: May 22, 2020
- Authors: Tobias Adrian, Fabio Natalucci
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COVID-19 Crisis Poses Threat to Financial Stability
- Published: April 14, 2020
- Authors: Tobias Adrian, Fabio Natalucci
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A Call for Vigilance After a Strong Year for Risky Assets
- Published: January 28, 2020
- Authors: Tobias Adrian, Fabio Natalucci
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Lower for Longer: Rising Vulnerabilities May Put Growth at Risk
- Published: October 16, 2019
- Authors: Tobias Adrian, Fabio Natalucci
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Monitoring Global Financial Stability
- Published: August 26, 2019
- Authors: Tobias Adrian, Dong He, Nellie Liang, Fabio Natalucci
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The Slope of the US Yield Curve and Risks to Growth
- Published: July 2, 2019
- Authors: Tobias Adrian, Rohit Goel, Fabio Natalucci
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Weak Spots in Global Financial System Could Amplify Shocks
- Published: April 10, 2019
- Authors: Tobias Adrian, Fabio Natalucci
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Sounding the Alarm on Leveraged Lending
- Published: November 15, 2018
- Authors: Tobias Adrian, Fabio Natalucci, Thomas Piontek
Other formats
Source: https://www.imf.org/en/blogs/authors/%20fabio%20natalucci