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— Outstanding Teachers —

AMSTAD, Marlene

Title:

Professor of Practice

Education Background

Ph.D., Econometrics, University of St. Gallen

MA, Economics, University of Bern

Research Field
Money, Banking and Financial Markets
Personal Website

http://www.marleneamstad.net

Email

marleneamstad@cuhk.edu.cn

Biography:


Marlene Amstad specialized in the development of economic indicators for policy makers and investors. As Professor of Practice in Economics at the Chinese University of Hong Kong, Shenzhen she conducts research in Money, Banking and Financial Markets. A native Swiss, she serves as a Member of the Board of Directors at the Swiss Financial Market Supervisory Authority (FINMA) in Bern, Switzerland. As central bank expert she regularly holds visiting scholarships, most recently at Bank of Japan.

 

Previously, Marlene worked with 11 leading Asian central banks at the Bank for International Settlements (BIS) in Hong Kong where she represented BIS at EMEAP meetings (Executives’ Meeting of East Asia-Pacific Central Banks) and focused on its Asian Bond Fund initiative. Before she acted as Deputy Director and Head of Investment Strategy and Financial Market Analysis at the Swiss National Bank (SNB) in Zuerich where she also served as one of three members of the investment committee (USD 250bn AuM). At the Federal Reserve Bank of New York she developed the “Fed New York staff underlying inflation gauge (UIG)”. Marlene introduced a similar gauge for China in joint work with People’s Bank of China. At Credit Suisse she built quantitative credit risk models and developed business cycle indicators at KOF-Swiss Economic Institute. Since 2007 she teaches Money, Banking and Financial Markets at the University of Bern, Switzerland.


Academic Publications:


1. “The Fed New York staff Underlying Inflation Gauge (UIG)” with Simon Potter and Robert Rich, Economic Policy Review, forthcoming.

2. "How do global investors differentiate between sovereign risks? The new normal versus the old," with Remolona, Eli & Shek, Jimmy Journal of International Money and Finance, Elsevier, vol. 66(C), September, 2016.

3. “A spare tire for capital markets: Fostering corporate bond markets in Asia” with Steven Kong, Frank Packer and Eli Remolona, BIS Papers No 85, June 2016.

4. “Sovereign ratings of advanced and emerging economies after the crisis," with Frank Packer, BIS Quarterly Review, Bank for International Settlements, December, 2015.

5. “Monetary policy implementation: common goals but different practices," with Antoine Martin Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 17(Nov), 2011.

6. "Monthly pass-through ratios," with Fischer, Andreas M., Journal of Economic Dynamics and Control, Elsevier, vol. 34(7), pages 1202-1213, July 2010.

7. "Are Weekly Inflation Forecasts Informative?," Andreas M. Fischer Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(2), pages 237-252, 04, 2009.

8. "Do macroeconomic announcements move inflation forecasts?," Andreas M. Fischer Review, Federal Reserve Bank of St. Louis, issue Sep, pages 507-518, 2009.