{
  "title": "Thomas Kroen",
  "sourceUrl": "https://www.imf.org/en/research/researcher-cv/author/kroen-thomas",
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  "summary": "Thomas Kroen is an Economist in the Research Department. He holds a Ph.D. from Princeton University and a master's degree from the London School of Economics. His research focuses on banking, macro-finance, monetary economics, and corporate finance.",
  "authors": [
    "Thomas Kroen"
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  "sections": [
    {
      "heading": "Biography",
      "content": "Thomas Kroen is an Economist in the Research Department. He holds a Ph.D. from Princeton University and a master's degree from the London School of Economics. His research focuses on banking, macro-finance, monetary economics, and corporate finance."
    },
    {
      "heading": "Education",
      "content": "- Ph.D. in Economics - Princeton University, 2022\n\n- M.Sc. Econometrics and Mathematical Economics - London School of Economics, 2016\n\n- B.Sc. Economics - University of Mannheim, 2015"
    },
    {
      "heading": "Previous Experience",
      "content": "- Ph.D. Research Intern, Deutsche Bundesbank"
    },
    {
      "heading": "Awards and Honors",
      "content": "- Ieke van den Burg Prize, 2022"
    },
    {
      "heading": "Field of Expertise",
      "content": "- Banking\n\n- Macro-Financial Issues\n\n- Monetary Policy"
    },
    {
      "heading": "IMF Books and Working Papers",
      "content": "- Unlocking MENA and CCA Trade in a Fragmented World, Working Paper No. 2025/267 , December 19, 2025\n\n- The Energy Origins of the Global Inflation Surge, Working Paper No. 2025/144 , July 18, 2025\n\n- The Energy Origins of the Global Inflation Surge, Working Paper No. 2025/091 , May 9, 2025\n\n- Central Bank Digital Currencies in the Middle East and Central Asia, Departmental Paper No 2024/004 , April 26, 2024\n\n- Financial Stability in a Higher-for-Longer Interest Rate Environment The Case of the Middle East and North Africa, Working Paper No. 2024/080 , April 5, 2024"
    },
    {
      "heading": "Publications in Journals (Refereed)",
      "content": "- Alter, Adrian, Bashar Hlayhel, Thomas Kroen, and Thomas Piontek. \"Are higher interest rates a concern for financial stability in MENA?.\" Emerging Markets Review (2025): 101338."
    },
    {
      "heading": "Other Published Materials",
      "content": "- Kroen, T., Liu, E., Mian, A. R., & Sufi, A. (2021). Falling rates and rising superstars (No. w29368). National Bureau of Economic Research.\n\n- Fringuellotti, F., & Kroen, T. (2024). Payout Restrictions and Bank Risk-Shifting. Federal Reserve Bank of New York Staff Reports No.1123"
    }
  ],
  "bullets": [
    "Ph.D. in Economics - Princeton University, 2022",
    "M.Sc. Econometrics and Mathematical Economics - London School of Economics, 2016",
    "B.Sc. Economics - University of Mannheim, 2015",
    "Ph.D. Research Intern, Deutsche Bundesbank",
    "Ieke van den Burg Prize, 2022",
    "Banking",
    "Macro-Financial Issues",
    "Monetary Policy",
    "[Unlocking MENA and CCA Trade in a Fragmented World](https://www.imf.org/en/publications/wp/issues/2025/12/20/unlocking-mena-and-cca-trade-in-a-fragmented-world-572720), Working Paper No. 2025/267 , December 19, 2025",
    "[The Energy Origins of the Global Inflation Surge](https://www.imf.org/en/publications/wp/issues/2025/07/18/the-energy-origins-of-the-global-inflation-surge-568659), Working Paper No. 2025/144 , July 18, 2025",
    "[The Energy Origins of the Global Inflation Surge](https://www.imf.org/en/publications/wp/issues/2025/05/09/the-energy-origins-of-the-global-inflation-surge-566804), Working Paper No. 2025/091 , May 9, 2025",
    "[Central Bank Digital Currencies in the Middle East and Central Asia](https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2024/04/26/central-bank-digital-currencies-in-the-middle-east-and-central-asia-543566), Departmental Paper No 2024/004 , April 26, 2024",
    "[Financial Stability in a Higher-for-Longer Interest Rate Environment The Case of the Middle East and North Africa](https://www.imf.org/en/publications/wp/issues/2024/04/05/financial-stability-in-a-higher-for-longer-interest-rate-environment-the-case-of-the-middle-546920), Working Paper No. 2024/080 , April 5, 2024",
    "[Alter, Adrian, Bashar Hlayhel, Thomas Kroen, and Thomas Piontek. \"Are higher interest rates a concern for financial stability in MENA?.\" Emerging Markets Review (2025): 101338.](https://www.sciencedirect.com/science/article/pii/S1566014125000871)",
    "[Kroen, T., Liu, E., Mian, A. R., & Sufi, A. (2021). Falling rates and rising superstars (No. w29368). National Bureau of Economic Research.](https://www.nber.org/system/files/working_papers/w29368/w29368.pdf)",
    "[Fringuellotti, F., & Kroen, T. (2024). Payout Restrictions and Bank Risk-Shifting. Federal Reserve Bank of New York Staff Reports No.1123](https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1123.pdf?sc_lang=en)",
    "**Thomas Kroen**"
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