## Emine Boz — Curriculum Vitae

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## Bibliographic details
- Authors: Emine Boz

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### Biography

Emine Boz is the Division Chief of the Systemic Issues Division of the Research Department and co-editor of the IMF Economic Review. She holds a Ph.D. from the University of Maryland and has been at the IMF since 2006. Her work focuses on the areas of international macroeconomics and trade, and appeared in several academic journals.

### Profile

### Education

- University of Maryland, Ph.D.

- Bilkent University, B.A.

### Current Position

- Deputy Division Chief, Caribbean I Division, Western Hemisphere Department

- Mission Chief, Antigua and Barbuda

### Field of Expertise

- Open Economy Macroeconomics

- International Finance

- International Trade

### IMF Publications

### IMF Books and Working Papers

- [Patterns of Invoicing Currency in Global Trade in a Fragmenting World Economy](https://www.imf.org/en/publications/wp/issues/2025/09/12/patterns-of-invoicing-currency-in-global-trade-in-a-fragmenting-world-economy-570297), Working Paper No. 2025/178 , September 12, 2025

- [Integrated Monetary and Financial Policies for Small Open Economies](https://www.imf.org/en/publications/wp/issues/2023/08/04/integrated-monetary-and-financial-policies-for-small-open-economies-537587), Working Paper No. 2023/161 , August 4, 2023

- [Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments](https://www.imf.org/en/publications/policy-papers/issues/2022/03/29/review-of-the-institutional-view-on-the-liberalization-and-management-of-capital-flows-515903), Policy Paper No. 2022/012 , March 30, 2022

- [Patterns in Invoicing Currency in Global Trade](https://www.imf.org/en/publications/wp/issues/2020/07/17/patterns-in-invoicing-currency-in-global-trade-49574), Working Paper No. 2020/126 , July 17, 2020

- [A Conceptual Model for the Integrated Policy Framework](https://www.imf.org/en/publications/wp/issues/2020/07/07/a-conceptual-model-for-the-integrated-policy-framework-49558), Working Paper No. 2020/121 , July 7, 2020

- [Effective Trade Costs and the Current Account: An Empirical Analysis](https://www.imf.org/en/publications/wp/issues/2019/01/16/effective-trade-costs-and-the-current-account-an-empirical-analysis-46495), Working Paper No. 2019/008 , January 15, 2019

- [The Slowdown in Global Trade: A Symptom of A Weak Recovery](https://www.imf.org/en/publications/wp/issues/2017/11/15/the-slowdown-in-global-trade-a-symptom-of-a-weak-recovery-45352), Working Paper No. 2017/242 , November 15, 2017

- [Global Trade and the Dollar](https://www.imf.org/en/publications/wp/issues/2017/11/13/global-trade-and-the-dollar-45336), Working Paper No. 2017/239 , November 13, 2017

- [Emerging Market Business Cycles: The Role of Labor Market Frictions](https://www.imf.org/en/publications/wp/issues/2016/12/31/emerging-market-business-cycles-the-role-of-labor-market-frictions-40030), Working Paper No. 2012/237 , October 2, 2012

- [Macro-prudential Policy in a Fisherian Model of Financial Innovation](https://www.imf.org/en/publications/wp/issues/2016/12/31/macro-prudential-policy-in-a-fisherian-model-of-financial-innovation-26051), Working Paper No. 2012/181 , July 1, 2012

- [Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis](https://www.imf.org/en/publications/wp/issues/2016/12/31/financial-innovation-the-discovery-of-risk-and-the-u-s-24047), Working Paper No. 2010/164 , July 1, 2010

- [Sovereign Default, Private Sector Creditors and the IFIs](https://www.imf.org/en/publications/wp/issues/2016/12/31/sovereign-default-private-sector-creditors-and-the-ifis-22695), Working Paper No. 2009/046 , March 1, 2009

- [Can Miracles Lead to Crises? the Role of Optimism in Emerging Markets Crises](https://www.imf.org/en/publications/wp/issues/2016/12/31/can-miracles-lead-to-crises-the-role-of-optimism-in-emerging-markets-crises-21263), Working Paper No. 2007/223 , September 1, 2007

### Selected Issues

- “Germany’s Sustained Current Account Surplus: an International Comparison,” IMF Selected Issues Paper, 2015.

- “Belize’s Debt Management Strategy,” IMF Selected Issues Paper, 2008.

### Other Published Materials

- “Sovereign Debt and Default,” IMF Research Bulletin, vol. 11:3, 2010.

- “Making Trade an Engine of Growth for All: The Case for Trade and for Policies to Facilitate Adjustment,” IMF Policy Paper joint with the WTO and the WB, 2017.

- “Global Trade: What’s Behind the Slowdown?, Ch. 2 of the World Economic Outlook, October, 2016.

- “Smaller Economies in Latin America and Caribbean Face a Bigger Inflation Challenge,” with Ilan Goldfajn, Jaime Guajardo and Metodij Hadzi-Vaskov, IMF Country Focus, 2022.

- "The Great Tightening: Insights from the Recent Inflation Episode," Ch 2 of the World Economic Outlook, October 2024.

### Non-IMF Publications

### Publications in Journals (Refereed)

- "Integrated Monetary and Financial Policies for Small Open Economies," with S. Basu, G. Gopinath, F. Roch, F. Unsal, Econometrica, vol. 93/6, pp. 2201-2234, November 2025.

- "Patterns in Invoicing Currency in Global Trade,” with Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnold Mehl and Tra Nguyen, Journal of International Economics, vol. 136, 2022.

- "Dominant Currency Paradigm,” with Camila Casas, Federico Diez, Gita Gopinath, Pierre-Olivier Gourinchas and Mikkel Plagborg-Moller, American Economic Review, vol. 110/3, pp. 677-719, 2020.

- “Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through,” with Gita Gopinath and Mikkel Plagborg-Moller, AEA Papers and Proceedings, vol. 109, p. 527-32, 2019.

- “The Slowdown in Global Trade: Symptom of a Weak Recovery?,” with A. Aslam, E. Cerutti, M. Poplawski and P. Topalova, IMF Economic Review, vol. 66/3, pp. 440-79, 2018.

- "Emerging Market Business Cycles: The Role of Labor Market Frictions,” with Bora Durdu and Nan Li, Journal of Money, Credit and Banking, vol. 47/1, pp. 31-72, 2015.

- “Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis,” with Enrique Mendoza, Journal of Monetary Economics, lead article, vol. 62, pp. 1-22, 2014.

- “Macro-prudential Policy in a Fisherian Model of Financial Innovation,” with Javier Bianchi and Enrique Mendoza, IMF Economic Review, vol. 60, pp. 223-69, 2012.

- “Emerging Market Business Cycles: Learning about the Trend,” with Christian Daude and Bora Durdu, Journal of Monetary Economics, vol. 58, pp. 616-31, 2011.

- “Sovereign Default, Private Sector Creditors, and the IFIs,” Journal of International Economics, vol. 83/1, pp. 70-82, 2011.

- “Can Miracles Lead to Crises? The Role of Optimism in Emerging Markets Crises,” Journal of Money, Credit and Banking, vol. 41/6, pp. 1189-1215, 2009.

### Other Published Materials

- “Effective Trade Costs and the Current Account,” with N. Li and H. Zhang, VoxEU, 2019.

- “Revisiting the Paradox of Capital,” with Luis Cubeddu and Maury Obstfeld, VoxEU, 2017.

- “Global Trade: Drivers Behind the Slowdown,” with A. Aslam, E. Cerutti, M. Poplawski and P. Topalova, VoxEU, 2017.

- “On the Recent Slowdown in Global Trade,” with M. Bussiere and C. Marsilli, VoxEU, 2014.

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_Source: https://www.imf.org/en/research/researcher-cv/author/boz-emine_
