Gaston Gelos
{{Short description|German-Uruguayan economist}}
{{Infobox economist
| name = Gaston Gelos
| image = Gastongelos.jpg
| image_size =
| caption =
| birth_date = {{Birth date and age|1969|1|8}}
| birth_place = Montevideo, Uruguay
| nationality = German, Uruguayan
| institution = Bank for International Settlements
International Monetary Fund
| field = International finance, Macroeconomics
| alma_mater = University of Bonn, Yale University
| contributions =
| awards =
| repec_id = pge1
| repec_prefix = e
}}
Gaston Gelos (born Rafael Gaston Gelos) is a German-Uruguayan economist.{{Cite web |title=Gelos wird Leiter der Finanzstabilitätspolitik - Börsen-Zeitung |url=https://www.boersen-zeitung.de/personen/deutscher-wird-leiter-der-finanzstabilitaetspolitik-der-biz |access-date=2024-04-17 |website=www.boersen-zeitung.de |language=de}}{{Cite news |date=April 21, 2023 |title=Uruguayo es nombrado en muy importante cargo en el Banco Internacional de Pagos |language=Spanish |work=El País |url=https://www.elpais.com.uy/negocios/noticias/uruguayo-es-nombrado-en-muy-importante-cargo-en-el-banco-internacional-de-pagos |access-date=July 2, 2023}} He joined the International Monetary Fund (IMF) in 1998 and has served as the Assistant Director of the Western Hemisphere Department since October 2022, where he was the Mission chief for Mexico.
He previously served as Chief of the Monetary and Macroprudential Policies Division at the IMF.{{Cite web |date=April 20, 2023 |title=Gaston Gelos |url=https://www.imf.org/en/Research/Researcher-CV/Author/Gelos-Gaston?AuthID=131#Background |access-date=July 2, 2023 |website=IMF}}{{Cite news |last=Hulverscheidt |first=Claus |date=March 3, 2021 |title=Wer von Negativzinsen profitiert |language=German |work=Süddeutsche Zeitung |url=https://www.sueddeutsche.de/wirtschaft/geldpolitik-negativzinsen-1.5223937 |access-date=July 2, 2023}} His research includes work on capital flows, financial stability, and monetary policy, and he has been published widely in leading academic journals.{{Cite web |title=Gaston Gelos |url=https://cepr.org/about/people/gaston-gelos |access-date=July 2, 2023 |website=Centre for Economic Policy Research}}{{Cite news |date=April 26, 2016 |title=Is Europe's NPL Problem Hampering Monetary Policy? |url=https://www.bloomberg.com/news/videos/2016-04-26/is-europe-s-npl-problem-hampering-monetary-policy |work=Bloomberg}} In April 2023, he was appointed as the Deputy Head of the Monetary and Economic Department and Head of Financial Stability at the Bank for International Settlements (BIS) effective September 1, 2023.{{Cite journal |date=April 21, 2023 |title=BIS appoints Gaston Gelos as Deputy Head of the Monetary and Economic Department |url=https://www.bis.org/press/p230421.htm |access-date=July 2, 2023 |website=BIS}}{{Cite news |date=April 24, 2023 |title=People: BIS appoints deputy head of MED |work=Central Banking |url=https://www.centralbanking.com/central-banks/governance/people/7958565/people-bis-appoints-deputy-head-of-med |access-date=July 2, 2023}}
Career
In 1988, Gelos joined the IMF and spent his initial years there in the Research Department before working on various countries in the Western Hemisphere Department. He was the resident representative for the IMF in Montevideo, Uruguay (2005-2007) and Buenos Aires, Argentina (2007-2010), and Mission Chief for Nicaragua.{{Cite news |last=Azar Gómez |first=Jorge |date=June 15, 2018 |title=Mujica y el FMI |language=Spanish |work=El País |url=https://www.elpais.com.uy/opinion/ecos/mujica-y-el-fmi |access-date=July 2, 2023}}
In 2013 he became the head of the Global Financial Stability Analysis Division, where he led the work on the analytical chapters of the Global Financial Stability Report.{{Cite news |last=Zschäpitz |first=Holger |date=September 30, 2016 |title=Die gefährliche Macht der Schattenbanken |language=German |work=Welt |url=https://www.welt.de/finanzen/article158455961/Die-gefaehrliche-Macht-der-Schattenbanken.html |access-date=July 2, 2023}}{{Cite news |last=Eavis |first=Peter |date=May 5, 2015 |title=Bankers and Regulators Voice Fears on Bond Market Volatility |work=The New York Times |url=https://www.nytimes.com/2015/05/06/business/dealbook/bankers-and-regulators-voice-fears-on-bond-market-volatility.html |access-date=July 10, 2023}}{{Cite news |last=Kunz |first=Anne |date=April 8, 2015 |title=Euro-Banken ziehen sich auf ihre Heimatmärkte zurück |language=German |work=Welt |url=https://www.welt.de/wirtschaft/article139285456/Euro-Banken-ziehen-sich-auf-ihre-Heimatmaerkte-zurueck.html |access-date=July 14, 2023}} In 2017, Gelos lead the Financial Sector Assessment Program (FSAP) for Japan.{{Cite web |last1=Gelos |first1=Gaston |last2=Muñoz |first2=Sònia |date=August 10, 2017 |title=Aging Japan Puts a Strain on the Financial System |url=https://www.imf.org/en/Blogs/Articles/2017/08/10/aging-japan-puts-a-strain-on-the-financial-system |access-date=July 2, 2023 |website=IMF Blog}}
Between 2017 and 2022, he headed the Monetary and Macroprudential Policies Division, leading research and policy work on monetary- and macroprudential policies and overseeing global technical assistance efforts in these areas.
= Research =
Gelos' research covers topics including capital flows, banking, financial stability, and monetary policy and has been cited in The Economist, Financial Times, Reuters, economic blogs, and global newspapers.{{Cite news |title=Shipbuilding |newspaper=The Economist |url=https://www.economist.com/special-report/2003/05/03/shipbuilding |access-date=2023-07-31 |issn=0013-0613}}{{Cite web |last=Fariza |first=Ignacio |date=2021-03-03 |title=Los técnicos del FMI salen en defensa de los tipos de interés negativos ocho años después: "Han funcionado" |url=https://elpais.com/economia/2021-03-03/los-tecnicos-del-fmi-salen-en-defensa-de-los-tipos-de-interes-negativos-ocho-anos-despues-de-su-estreno-han-funcionado.html |access-date=2023-07-31 |website=El País |language=es}}{{Cite news |last=Johnson |first=Steve |date=2015-02-01 |title=Liquidity fears loom over fund industry |work=Financial Times |url=https://www.ft.com/content/2e6d526e-a581-11e4-ad35-00144feab7de |access-date=2023-07-31}}{{Cite news |last1=Harding |first1=Robin |last2=Atkins |first2=Ralph |date=March 31, 2014 |title=Problem of banks seen as 'too big to fail' still unsolved, IMF warns |work=Financial Times |url=https://www.ft.com/content/60f1c218-b8b2-11e3-835e-00144feabdc0 |access-date=July 14, 2023}}{{Cite news |title=Economists now accept exchange-rate intervention can work |newspaper=The Economist |url=https://www.economist.com/finance-and-economics/2022/09/29/economists-now-accept-exchange-rate-intervention-can-work |access-date=2023-07-31 |issn=0013-0613}} His most cited work discusses the role of transparency in shaping international investor behavior.{{Cite news |last=Menon |first=Anjana |date=August 26, 2019 |title=India's Visibility Issues |work=The Economic Times |url=https://economictimes.indiatimes.com/blogs/et-commentary/indias-visibility-issues/ |access-date=July 2, 2023}} Gelos is a Center for Economic and Policy Research (CEPR) research fellow.
References
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External links
- [https://www.imf.org/en/Research/Researcher-CV/Author/Gelos-Gaston?AuthID=131#Background Profile at the International Monetary Fund]
- [https://cepr.org/about/people/gaston-gelos Profile at the CEPR]
- [https://scholar.google.com/citations?user=1iuFLngAAAAJ&hl=en Google Scholar]