Gaston Gelos

Deputy Head of the Monetary and Economic Department and Head of Financial Stability, Bank for International Settlements

Gaston Gelos is Deputy Head of the Monetary and Economic Department and Head of Financial Stability at the Bank for International Settlements.

In that role, he is also a member of the Bank’s senior management team. He leads policy-based analytical work and oversees the work of the secretariats of various BIS committees. He also represents the BIS externally in senior groups, including the Basel Committee on Banking Supervision and the FSB.

Previously, he spent 25 years at the International Monetary Fund (IMF), where his latest position was Assistant Director and Mission Chief for Mexico. Between 2017 and 2022, he was the Chief of the IMF’s Monetary and Macroprudential Policies Division and before that, Chief of the Global Financial Stability Analysis Division, where he led the thematic work of the IMF’s Global Financial Stability Report. Before that, he held a variety of other positions at the IMF, including as Resident Representative to Argentina and Uruguay.

His research includes work on capital flows, financial stability, and monetary policy, and has been published in leading academic journals. He holds a Ph.D. in Economics from Yale University and a Diplom from Bonn University. He is a CEPR Research Fellow.