Photo of Camelia Minoiu

Camelia Minoiu


  • Ph.D., Economics, Columbia University, 2007
  • M.Sc., Econometrics and Mathematical Economics, London School of Economics, 2001
  • B.A., Business Administration, Budapest University of Economic Sciences, 2000
Current Research Topics
  • Financial intermediation
  • Monetary and macroprudential policies
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2018 - present
  • Visiting Scholar

    University of Pennsylvania, Wharton School

    2016 - 2018
  • Senior Economist

    International Monetary Fund

    2007 - 2018
  • Expansionary yet different: Credit supply and real effects of negative interest rate policy
    Margherita Bottero, Camelia Minoiu, José-Luis Peydró, Andrea Polo, Andrea F. Presbitero, and Enrico Sette
    Journal of Financial Economics (Forthcoming)
  • Serving the Underserved: Microcredit as a Pathway to Commercial Banks
    Sumit Agarwal, Thomas Kigabo, Camelia Minoiu, Andrea Presbitero, and André F. Silva
    Review of Economics and Statistics (Forthcoming)
    See also » FRB Working Paper (2021)
  • Motivating Banks to Lend? Credit Spillover Effects of the Main Street Lending Program
    Camelia Minoiu, Rebecca Zarutskie, and Andrei Zlate
    Finance and Economics Discussion Series (2021)
  • Bank Lending in the Knowledge Economy
    Giovanni Dell’Ariccia, Dalida Kadyrzhanova, Camelia Minoiu, and Lev Ratnovski
    Review of Financial Studies (2021)
    See also » FRB Working Paper (2020)
  • U.S. Zombie Firms: How Many and How Consequential?
    Giovanni Favara, Camelia Minoiu, and Ander Pérez-Orive
    FEDS Notes (2021)
  • Corporate Investment and the Real Exchange Rate
    Mai Chi Dao, Camelia Minoiu, and Jonathan D. Ostry
    Journal of International Economics (2021)
  • Shock Transmission Through Cross-Border Bank Lending: Credit and Real Effects
    Galina Hale, Tümer Kapan, and Camelia Minoiu
    Review of Financial Studies (2020)
    See also » FRB Working Paper (2019)
  • Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects
    Charles Abuka, Ronnie K. Alinda, Camelia Minoiu, José-Luis Peydró, and Andrea F. Presbitero
    Journal of Development Economics (2019)
  • Balance Sheet Strength and Bank Lending: Evidence from the Global Financial Crisis
    Tümer Kapan and Camelia Minoiu
    Journal of Banking & Finance (2018)
  • Managing the Sovereign-Bank Nexus
    Giovanni Dell’Ariccia, Caio Ferreira, Nigel Jenkinson, Luc Laeven, Alberto Martin, Camelia Minoiu, and Alex Popov
    IMF Departmental Papers (2018)
  • Household Credit, Global Financial Cycle, and Macroprudential Policies: Credit Register Evidence from an Emerging Country
    Mircea Epure, Irina Mihai, Camelia Minoiu, and José-Luis Peydró
    IMF Working Papers (2018)
  • Does Financial Connectedness Predict Crises?
    Camelia Minoiu, Chanhyun Kang, V.S. Subrahmanian, and Anamaria Berea
    Quantitative Finance (2015)
  • Business Cycle Fluctuations, Large Macroeconomic Shocks, and Development Aid
    Era Dabla-Norris, Camelia Minoiu, and Luis-Felipe Zanna
    World Development (2015)
  • Financial Crises and the Composition of Cross-Border Lending
    Eugenio Cerutti, Galina Hale, and Camelia Minoiu
    Journal of International Money and Finance (2015)
  • A Network Analysis of Global Banking: 1978–2010
    Camelia Minoiu and Javier A. Reyes
    Journal of Financial Stability (2013)
  • Strength in Lending
    Tümer Kapan and Camelia Minoiu
    Finance and Development (2013)
  • Caught in the Web
    Camelia Minoiu
    Finance and Development (2012)
  • 2017

    International Monetary Fund

    Study Leave (ISP-1) for Research on Banking

  • 2014

    International Monetary Fund

    Divisional Award for "Creativity, Collaboration and Extraordinary Effort"

  • Associate Editor, Journal of Financial Stability (2018 to date)
  • Associate Editor, Journal of Network Theory in Finance (2014 to date)
Last update: June 30, 2022