Katsiaryna Svirydzenka

Last Updated: May 30, 2024

Katsiaryna Svirydzenka

Katsiaryna Svirydzenka is Deputy Division Chief at the IMF and Deputy Mission Chief for Sri Lanka, a complex case of macroeconomic adjustment under a 4-year Extended Fund Facility (EFF) and one of the few active sovereign debt restructuring cases. Prior to that, she was Mission Chief for Bhutan and Tuvalu and Assistant to the Director of the Asia and Pacific Department. Since joining the IMF in 2010, she contributed to the work of multiple IMF country teams, including Japan, India, Russia, Malaysia, Serbia, Mongolia, Solomon Islands, and others. Her research interests include financial cycles, network analysis and systemic risk, financial spillovers, financial development, diversification, firm-level productivity, and zombie firms. She holds a Ph.D. in Economics from the Graduate Institute of International and Development Studies (Geneva, Switzerland), M.A. in International Economics and International Relations from the Johns Hopkins School of Advanced International Studies (Bologna, Italy, and Washington DC), and B.A. in Economics from the American University in Bulgaria.

Email: KSVIRYDZENKA@imf.org

Fluent In: French, Italian, Russian.

Education:

Ph.D. in Economics, Summa Cum Laude avec Felicitations, Graduate Institute of International and Development Studies, Geneva, Switzerland, 2006-2010

M.A. in International Economics and International Relations, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University, Bologna, Italy and Washington D.C., USA, 2002-2004

B.A. in Economics, Cum Laude, American University in Bulgaria, Blagoevgrad, Bulgaria, 1998-2002


Previous Experience:

International Monetary Fund, Strategy, Policy, and Review Department, Emerging Markets Division, 2012-2017

International Monetary Fund, African Department, Mauritius and Mozambique, 2010-2012

Bank of England, Financial Stability Department, International Finance Division, Ph.D. internship, 2009

Study Center Gerzensee, Swiss National Bank, Teaching Assistant, 2008-2009

International Monetary Fund, European Department, Research Assistant, 2004-2006

Tudor Investment Corporation, Emerging Markets Group, Quantitative Analyst, 2004


Country work or Mission Assignment:

Article IV Surveillance: Japan, India, Russia, Malaysia, Cambodia, Mauritius, Tuvalu

Program negotiations and reviews: Sri Lanka, Bhutan, Serbia, Mongolia, Mozambique, Solomon Islands


Seminar Presentation:

Financial Cycles: Early Warning Indicators of Banking Crises? Analytical Corner at the 2018 IMF Spring Meetings

https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2018/04/17/financial_cyclesearlywarningindicatorsofbankingcrises_125729.html?display=none


Others:

Financial Development Index database: http://data.imf.org/fdindex

An innovative and widely used index that summarizes how developed financial institutions and financial markets are in terms of their depth, access, and efficiency in 183 countries on annual frequency from 1980. This work was featured at the 2015 NBER Summer Institute.


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Finance

IMF Books and Working Papers:

Policy Advice to Asia in the COVID-19 Era , Departmental Paper No. , March 05, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Introducing a New Broad-based Index of Financial Development , Working Paper No. 16/5 , January 12, 2016

Effects of Monetary and Macroprudential Policies on Financial Conditions : Evidence from the United States , Working Paper No. 15/288 , December 31, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Mauritius The Drivers of Growth—Can the Past be Extended? , Working Paper No. 14/134 , July 23, 2014

Other Published Materials

Spillovers: Examining the Economic and Financial Links Between China and Africa, book chapter in Helge Berger, and Andrea Richter, editors. Role of China in Africa, Washington, DC: International Monetary Fund (forthcoming)

A Diversification Strategy for South Asia, book chapter in “Salgado, Ranil, and Rahul Anand, editors. South Asia's Path to Resilient Growth, Washington, DC: International Monetary Fund, 2023

Financial Cycles – Early Warning Indicators of Banking Crises?, IMF Working Paper No. 2021/116, April 29, 2021

Is South Asia Ready for Take Off? A Sustainable and Inclusive Growth Agenda, APD Departmental Paper No. 19/18, October 2019.

Caught in Prolonged Uncertainty: Challenges and Opportunities for Asia. APD Regional Economic Outlook, October 2019.

Productivity Growth in Asia: Boosting Firm Dynamism and Weeding out the Zombies. APD Regional Economic Outlook, Background Paper 3, October 2018.

Low Inflation in Asia: How Long Will It Last? APD Regional Economic Outlook Chapter 2, April 2018.

Spillovers from China: Financial Channels, IMF Spillover Note 5, September 27, 2016

Adequacy of the Global Financial Safety Net, IMF Policy Paper, March 2016

Crisis Program Review, IMF Policy Paper, November 9, 2015

Monetary Policy and Financial Stability, IMF Policy Paper, September 2015

Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument, IMF Policy Paper, January 27, 2014

Katsiaryna Svirydzenka

Katsiaryna Svirydzenka is Deputy Division Chief at the IMF and Deputy Mission Chief for Sri Lanka, a complex case of macroeconomic adjustment under a 4-year Extended Fund Facility (EFF) and one of the few active sovereign debt restructuring cases. Prior to that, she was Mission Chief for Bhutan and Tuvalu and Assistant to the Director of the Asia and Pacific Department. Since joining the IMF in 2010, she contributed to the work of multiple IMF country teams, including Japan, India, Russia, Malaysia, Serbia, Mongolia, Solomon Islands, and others. Her research interests include financial cycles, network analysis and systemic risk, financial spillovers, financial development, diversification, firm-level productivity, and zombie firms. She holds a Ph.D. in Economics from the Graduate Institute of International and Development Studies (Geneva, Switzerland), M.A. in International Economics and International Relations from the Johns Hopkins School of Advanced International Studies (Bologna, Italy, and Washington DC), and B.A. in Economics from the American University in Bulgaria.

Email: KSVIRYDZENKA@imf.org

Fluent In: French, Italian, Russian.

Education:

Ph.D. in Economics, Summa Cum Laude avec Felicitations, Graduate Institute of International and Development Studies, Geneva, Switzerland, 2006-2010

M.A. in International Economics and International Relations, Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University, Bologna, Italy and Washington D.C., USA, 2002-2004

B.A. in Economics, Cum Laude, American University in Bulgaria, Blagoevgrad, Bulgaria, 1998-2002


Previous Experience:

International Monetary Fund, Strategy, Policy, and Review Department, Emerging Markets Division, 2012-2017

International Monetary Fund, African Department, Mauritius and Mozambique, 2010-2012

Bank of England, Financial Stability Department, International Finance Division, Ph.D. internship, 2009

Study Center Gerzensee, Swiss National Bank, Teaching Assistant, 2008-2009

International Monetary Fund, European Department, Research Assistant, 2004-2006

Tudor Investment Corporation, Emerging Markets Group, Quantitative Analyst, 2004


Country work or Mission Assignment:

Article IV Surveillance: Japan, India, Russia, Malaysia, Cambodia, Mauritius, Tuvalu

Program negotiations and reviews: Sri Lanka, Bhutan, Serbia, Mongolia, Mozambique, Solomon Islands


Seminar Presentation:

Financial Cycles: Early Warning Indicators of Banking Crises? Analytical Corner at the 2018 IMF Spring Meetings

https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2018/04/17/financial_cyclesearlywarningindicatorsofbankingcrises_125729.html?display=none


Others:

Financial Development Index database: http://data.imf.org/fdindex

An innovative and widely used index that summarizes how developed financial institutions and financial markets are in terms of their depth, access, and efficiency in 183 countries on annual frequency from 1980. This work was featured at the 2015 NBER Summer Institute.


Field of Expertise:

Open Economy Macroeconomics

Macro-Financial Issues

International Finance

IMF Books and Working Papers:

Policy Advice to Asia in the COVID-19 Era , Departmental Paper No. , March 05, 2021

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020

Introducing a New Broad-based Index of Financial Development , Working Paper No. 16/5 , January 12, 2016

Effects of Monetary and Macroprudential Policies on Financial Conditions : Evidence from the United States , Working Paper No. 15/288 , December 31, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Rethinking Financial Deepening : Stability and Growth in Emerging Markets , May 04, 2015

Mauritius The Drivers of Growth—Can the Past be Extended? , Working Paper No. 14/134 , July 23, 2014

Other Published Materials

Spillovers: Examining the Economic and Financial Links Between China and Africa, book chapter in Helge Berger, and Andrea Richter, editors. Role of China in Africa, Washington, DC: International Monetary Fund (forthcoming)

A Diversification Strategy for South Asia, book chapter in “Salgado, Ranil, and Rahul Anand, editors. South Asia's Path to Resilient Growth, Washington, DC: International Monetary Fund, 2023

Financial Cycles – Early Warning Indicators of Banking Crises?, IMF Working Paper No. 2021/116, April 29, 2021

Is South Asia Ready for Take Off? A Sustainable and Inclusive Growth Agenda, APD Departmental Paper No. 19/18, October 2019.

Caught in Prolonged Uncertainty: Challenges and Opportunities for Asia. APD Regional Economic Outlook, October 2019.

Productivity Growth in Asia: Boosting Firm Dynamism and Weeding out the Zombies. APD Regional Economic Outlook, Background Paper 3, October 2018.

Low Inflation in Asia: How Long Will It Last? APD Regional Economic Outlook Chapter 2, April 2018.

Spillovers from China: Financial Channels, IMF Spillover Note 5, September 27, 2016

Adequacy of the Global Financial Safety Net, IMF Policy Paper, March 2016

Crisis Program Review, IMF Policy Paper, November 9, 2015

Monetary Policy and Financial Stability, IMF Policy Paper, September 2015

Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument, IMF Policy Paper, January 27, 2014

Publications in Journals (Refereed)

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies (with Helene Poirson Ward, Nathan Porter, and others), Journal of Financial Crises: Vol. 4 : Iss. 3, 60-98, 2022.

Mauritius: The Drivers of Growth – Can the Past Be Extended? (with Martin Petri), Journal of Banking and Financial Economics, 2017, vol. 2(8), pages 54-83.

The great entanglement: The contagious capacity of the international banking network just before the 2008 crisis (with Rodney Garratt and Lavan Mahadeva), Journal of Banking and Finance, 2014, vol. 49(C), pages 367-385.

Other Published Materials

Mapping systemic risk in the international banking network (with Rodney Garratt and Lavan Mahadeva), Bank of England working papers 413, March 2011.