Raphael Auer

Raphael Auer is head of the Eurosystem Centre of the BIS Innovation Hub (located in Frankfurt and Paris). Before taking up his current assignment, he was Principal Economist in the BIS's Innovation and Digital Economy and Monetary Policy units. Before that, he was Deputy Head of the International Trade and Capital Flows unit at Swiss National Bank, Globalization and Governance Fellow at Princeton School of Public and International Affairs and junior visiting fellow at the Federal Reserve Bank of New York. He holds a PhD in economics from MIT and is president of the Central Bank Research Association. His research interests cover the interaction of international trade and macroeconomics, examining in particular how exchange rates pass through into domestic inflation and how the global production network gives rise to globally synchronized inflation dynamics. He has written and published on various topics relating to international macroeconomics and exchange rate pass-through, as well as on cryptocurrencies, stablecoins and CBDC. On these topics, he has also contributed to BIS policy publications and various international forums, including the G20-CPMI Cross-Border Payments Taskforce.