Vania Stavrakeva

Vania Stavrakeva has held the role of an Assistant Professor of Economics at London Business School since 2013. Her research interests include international finance, macroeconomics, macro-finance and financial sector regulation. She holds a PhD in economics from Harvard University.

She has extensively studied exchange rate determination and how monetary policy, macroeconomics news and beliefs impact exchange rate movements. Within these topics, she has examined questions such as: How does monetary policy impact exchange rates and what changed over the Global Recession and why? What is the source of heterogeneity of beliefs and positions in forex derivative markets? What makes a currency a safe heaven currency – i.e. it appreciates during bad times?

Regarding her financial intermediation research, Vania has extensively studied how the regulation of bank capital and derivative regulation should differ across countries, given that countries vary in their fiscal capacity – i.e. they have different ability to bail out their financial sector. She also studies how the banking sector interacts with the rest of the financial sector (such as asset management) and what this implies for the design of the regulatory framework of the financial sector. Finally, she has focused some of her ongoing research on the topic of “ring fencing”.