Making Data Meaningful
for Policy Makers and Investors
Chairman of Swiss Financial Market Supervisory Authority FINMA
"Central Bank Digital Currency and Fintech in Asia"
published with Asian Development Bank
"The Handbook of China's Financial System"
Co-Editor and Author
Princeton University Press, November 2020
Former Deputy Director at the Swiss National Bank
Head of Investment Strategy and Financial Market Analysis
"Fed New York Staff Underlying Inflation Gauge (UIG)"
updated daily and published monthly
Coordinated the Asian Bond Fund (ABF) initiative
for the 11 largest Asian Central Banks
at the BIS in Hong Kong
Making Data Meaningful for Policy Makers and Investors
Marlene Amstad is Chair of the Swiss Financial Market Supervisory Authority FINMA, honorary professor of the University of Bern and senior fellow at Harvard university. Her research focuses on international finance and quantitative economics. She co-edited and authored the books “The Handbook of China’s Financial System” (Princeton University Press, 2020) and “CBDC and Fintech in Asia” (Asian Development Bank, 2019). For almost a decade she lived in Asia where she coordinated at BIS in Hong Kong the Asian Bond Fund (ABF) initiative and served as advisor to over 10 Asian central banks, was economics and finance professor at the Chinese University of Hong Kong, Shenzhen (CUHK-SZ) and Co-Director of the FinTech Center at the Shenzhen Finance Institute (SFI). .
Marlene is the former Deputy Director and Head of Investment Strategy and Financial Market Analysis at the Swiss National Bank. Working at the Federal Reserve Bank of New York she developed their Fed NY underlying inflation gauge (UIG), which is published monthly. Previous posts include quantitative research at Credit Suisse and Swiss Economic Institute/ETH Zurich. Marlene regularly holds visiting positions with central banks, most recently at Bank of Japan. She received her PhD in econometrics from University of St. Gallen and her master degree from the University of Bern.
PDF [CV, Publications, Speeches]Find out more
Investing in Emerging Markets: How do Global Investors Differentiate Sovereign Risks?
Journal of International Money and Finance, September 2016Find the Article on IDEAS
China’s Bond and Interbank Market
NBER working paper (February 2019)Find the paper on NBER
The tyranny of benchmarks
VoxEU policy post , October 2017Read the post on VOX CEPR's Policy Portal
The New York Fed Staff Underlying Inflation Gauge (UIG)
Economic Policy Review (September 2017) reviews the experience of daily, real-time updates over ten yearsFind a detailed account at FRBNY
Underlying Inflation Gauge (UIG)
Published monthly by the Fed NYSee the latest updates at FRBNY
Measuring Trend Inflation with the Underlying Inflation Gauge
Liberty Street Economics, May 22, 2017See introduction at Liberty Street
Sovereign Ratings After the Crisis
OMFIF Global Public Investor, June 2017Read on OMFIF (Official Monetary and Financial Institutions Forum)
Sovereign ratings of advanced and emerging economies after the crisis
BIS Quarterly Review, December 2015Find the Article on IDEAS
A spare tire for capital markets: Fostering corporate bond markets in Asia
BIS Papers No 85, June 2016Find the Article at BIS
CBDC and Fintech in Asia
A textbook with contributions by PBoC, OJK, BoJ, BoK, BoT, RBA as well as BIS, IMF, CUHK, Keio University and […]Download the textbook
Trade sentiment in Chinese Media and Financial Markets
We construct a new trade sentiment index based on textual analysis of Chinese media and evaluate the capacity of this […]Read More
Central banks differ in their objectives, their tools to implement monetary policy as well as in their practice to manage reserves.Find out more
Investment strategies aiming for diversification ask for a broader approach including a view on Asian markets and global inflation.Find out more
Financial institutions and their infrastructure are to economic activity what roads are to traffic: typically taken for granted unless bottlenecks develop.Find out more
Teaching - Speaking
Money, Banking and Financial Markets in West and East: from the classic text book to the new trends in FinTech.Find out more