Fabián Valencia is an Advisor in the Strategy, Policy, and Review Department (SPR) of the International Monetary Fund, overseeing IMF relations with a wide range of countries. Prior to his current position, he served as Deputy Chief in the Macrofinancial Unit of SPR, supporting the IMF’s efforts to strengthen macrofinancial surveillance. He has also worked in the Western Hemisphere and Research Departments of the IMF. He holds a Ph.D. in Economics from The Johns Hopkins University and a M.Sc. in Economics from the Catholic University of Leuven, Belgium. His research interests include financial crises, monetary policy, macroprudential policy, and financial intermediation and the real economy.
VoxEU Column
Macroprudential policies are effective, with limited side effects – but open questions remain
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- Macroeconomic policy
VoxEU Column
Monetary policy credibility and exchange rate pass-through
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- Exchange Rates ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- International trade
VoxEU Column
The interaction between monetary and macroprudential policies
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![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Global governance ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Monetary Policy
VoxEU Column
The curse of advanced economies in resolving banking crises
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![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Global crisis ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Macroeconomic policy