Expertise > Central Banks

Central banks differ in their objectives, their tools to implement monetary policy as well as in their practice to manage reserves.

At the Swiss National Bank, Marlene acted as Deputy Director and Head of Investment Strategy and Financial Market Analysis (2006-2011) and as Senior Economist in the Research Department (2002-2004). Previously, she worked as Resident Visiting Scholar at the Federal Reserve Bank of New York (2004/05). At the Bank for International Settlements (BIS) in Hong Kong she coordinated the Asian Bond Fund (ABF) initiative for 11 leading Asian Central Banks in EMEAP.

Broad International Central Bank Experience

Working Relations with Swiss National Bank ◦ Fed New York ◦ People’s Bank of China/SAFE ◦ Reserve Bank of Australia ◦ Hong Kong Monetary Authority ◦ Bank Indonesia ◦ Bank of Japan ◦ Bank of Korea ◦ Bank Negara Malaysia ◦ Reserve Bank of New Zealand ◦ Bangko Sentral ng Pilipinas ◦ Monetary Authority of Singapore ◦ Bank of Thailand

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Inflation Cycle Indicators

Developed inflation indicators for policy makers and investors ◦ co-creator of “Federal Reserve Bank of New York Staff Underlying Inflation Gauge” (UIG) for in/-deflationary trends in the US ◦ joint work with Peoples Bank of China on Underlying inflation in China ◦ developed inflation indicator for Switzerland (DFI) ◦ results are published in international peer-reviewed journals ◦ indicators are regularly updated and used by Fed NY, PBoC and SNB.

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Teaching and Seminars

Marlene teaches the course “Financial Markets in China and the World” and “Money and Financial Institutions” in the Master of Finance program at CUHK-SZ and Shenzhen Finance Institute. Previously, she taught the course “Money, Institutions and Financial Markets”, and lectured on “Financial Institutions and Regulations” at the University of Bern and in the “MBA in Finance” at Tsinghua University, Beijing.

Implementation of Monetary Policy

Research and publications on different central banks’ practices of monetary policy implementation

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Central Bank Communication

Presenter to governing and deputy governing board members of central banks ◦ contributed with her team to more than 40 speeches of SNB governing board members from 2002 to 2011