Lucyna Gornicka is a Senior Economist at the Economics Department at the European Central Bank. Previously she worked in the Monetary and Macroprudential Policies Division of the Monetary and Capital Markets Department of the IMF. Her research covers a range of topics including financial stability and regulation, macro-financial linkages, monetary policy, financial contagion and crises. She holds a Ph.D. in Economics from the University of Amsterdam and Tinbergen Institute, the Netherlands. Personal website: