Meet the Researchers
Juan M. Londono
Education
- Ph.D., Finance, Tilburg University, 2011
- Ph.D., Quantitative Finance, Basque Country University, 2009
- M.Phil., Quantitative Finance, University of Valencia, 2006
- B.Sc., Engineering, National University of Colombia, 2002
Current Research Topics
- FX derivatives, risk, uncertainty, and volatility
- Central bank communication
Chief, International Financial Stability
Board of Governors of the Federal Reserve System
2024 - presentSenior Economic Project Manager
Board of Governors of the Federal Reserve System
2019 - 2024Principal Economist
Board of Governors of the Federal Reserve System
2016 - 2019Senior Economist
Board of Governors of the Federal Reserve System
2015Economist
Board of Governors of the Federal Reserve System
2011 - 2015
- Which Days Matter for Global Equity Markets? Using Options to Price Events in the Global Calendar
Juan M. Londono and Mehrdad Samadi
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3908 - The Global Transmission of Real Economic Uncertainty
Juan M. Londono, Sai Ma, and Beth Anne Wilson
Journal of Money, Credit and Banking (2025)
https://doi.org/10.1111/jmcb.13161
See also » FRB Working Paper (2021) - The Fourth SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Risk and Uncertainty in a Post-Pandemic World; Implications for the Economy, Financial Markets, and Monetary Policy
Juan M. Londono, Sai Ma, and Ilknur Zer
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3860 - Costs of Rising Uncertainty
Juan M. Londono, Sai Ma, Beth Anne Wilson
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3779 - The Global Transmission of Inflation Uncertainty
Thomas H. Li, Juan M. Londono, and Sai Ma
FEDS Notes (2025)
https://doi.org/10.17016/2380-7172.3692
See also » FRB Working Paper (2021) - Financial Stability Governance and Central Bank Communications
Juan M. Londono, Stijn Claessens, and Ricardo Correa
International Journal of Central Banking (2024)
See also » FRB Working Paper (2021) - The Global Determinants of International Equity Risk Premiums
Juan M. Londono and Nancy R. Xu
Management Science (2024)
https://doi.org/10.1287/mnsc.2023.4958
See also » FRB Working Paper (2021) - Third Conference on the International Roles of the U.S. Dollar
Ricardo Correa, Linda S. Goldberg, Juan M. Londono, and Fabiola Ravazzolo
FEDS Notes (2024)
https://doi.org/10.17016/2380-7172.3587 - The Third SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Monetary Policy and Banking Regulation under Elevated Uncertainty
Mohammad R. Jahan-Parvar, Juan M. Londono, Beth Anne Wilson, and Ilknur Zer
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3431 - Global Inflation Uncertainty and its Economic Effects
Juan M. Londono, Sai Ma, and Beth Anne Wilson
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3391 - The Price of Macroeconomic Uncertainty: Evidence from Daily Options
Juan M. Londono and Mehrdad Samadi
International Finance Discussion Papers (2023)
https://doi.org/10.17016/IFDP.2023.1376 - 2nd Annual International Roles of the U.S. Dollar Conference
Alain Chaboud, Ricardo Correa, Patrick Douglass, Linda S. Goldberg, Juan M. Londono, and Fabiola Ravazzolo
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3344 - What Is Certain about Uncertainty?
Danilo Cascaldi-Garcia, Cisil Sarisoy, Juan M. Londono, Bo Sun, Deepa Datta, Thiago Ferreira, Olesya Grishchenko, Mohammad R. Jahan-Parvar, Francesca Loria, Sai Ma, Marius Rodriguez, Ilknur Zer, and John Rogers
Journal of Economic Literature (2023)
https://doi.org/10.1257/jel.20211645
See also » FRB Working Paper (2020) - The SNB-FRB-BIS High-Level Conference on Inflation Risk and Uncertainty
Danilo Cascaldi-Garcia, Juan M. Londono, and Beth Anne Wilson
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3242 - Global Real Economic Uncertainty and COVID-19
Ranie Lin, Juan M. Londono, and Sai Ma
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3045 - Equity Tail Risk and Currency Risk Premiums
Zhenzhen Fan, Juan M. Londono, and Xiao Xiao
Journal of Financial Economics (2022)
https://doi.org/10.1016/j.jfineco.2021.05.020 - Financial Stability Governance and Central Bank Communications
Juan M. Londono, Stijn Claessens, and Ricardo Correa
International Finance Discussion Papers (2021)
https://doi.org/10.17016/IFDP.2021.1328 - The Global Determinants of International Equity Risk Premiums
Juan M. Londono and Nancy R. Xu
International Finance Discussion Papers (2021)
https://doi.org/10.17016/IFDP.2021.1318 - The Global Transmission of Real Economic Uncertainty
Juan M. Londono, Sai Ma, and Beth Anne Wilson
International Finance Discussion Papers (2021)
https://doi.org/10.17016/IFDP.2021.1317 - Sentiment in Central Banks' Financial Stability Reports
Ricardo Correa, Keshav Garud, Juan M. Londono, and Nathan Mislang
Review of Finance (2021)
https://doi.org/10.1093/rof/rfaa014
See also » FRB Working Paper (2017) - Central Banks' Financial Stability Communications during the COVID-19 Pandemic
Jerry Yang, Ricardo Correa, and Juan M. Londono
FEDS Notes (2020)
https://doi.org/10.17016/2380-7172.2741 - Quantifying the Impact of Foreign Economic Uncertainty on the U.S. Economy
Juan M. Londono, Sai Ma, and Beth Anne Wilson
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2463 - Variance Risk Premium Components and International Stock Return Predictability
Juan M. Londono and Nancy R. Xu
International Finance Discussion Papers (2019)
https://doi.org/10.17016/IFDP.2019.1247 - Bad Bad Contagion
Juan M. Londono
Journal of Banking & Finance (2019)
https://doi.org/10.1016/j.jbankfin.2019.105652
See also » FRB Working Paper (2016) - Cumulative Prospect Theory, Option Returns, and the Variance Premium
Lieven Baele, Joost Driessen, Sebastian Ebert, Juan M. Londono, and Oliver G. Spalt
Review of Financial Studies (2019)
https://doi.org/10.1093/rfs/hhy127 - Understanding Global Volatility
Juan M. Londono and Beth Anne Wilson
IFDP Notes (2018)
https://doi.org/10.17016/2573-2129.40 - Taxonomy of Global Risk, Uncertainty, and Volatility Measures
Deepa Datta, Juan M. Londono, Bo Sun, Daniel Beltran, Thiago Ferreira, Matteo Iacoviello, Mohammad R. Jahan-Parvar, Canlin Li, Marius Rodriguez, and John Rogers
International Finance Discussion Papers (2017)
https://doi.org/10.17016/IFDP.2017.1216 - Constructing a Dictionary for Financial Stability
Ricardo Correa, Keshav Garud, Juan-Miguel Londono-Yarce, and Nathan Mislang
IFDP Notes (2017)
https://doi.org/10.17016/2573-2129.33 - Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
Joseph E. Gagnon, Tamim Bayoumi, Juan M. Londono, Christian Saborowski, and Horacio Sapriza
Open Economies Review (2017)
https://doi.org/10.1007/s11079-017-9437-0
See also » FRB Working Paper (2017) - Sentiment in Central Bank's Financial Stability Reports
Ricardo Correa, Keshav Garud, Juan M. Londono, and Nathan Mislang
International Finance Discussion Papers (2017)
https://doi.org/10.17016/IFDP.2017.1203 - Variance Risk Premiums and the Forward Premium Puzzle
Juan M. Londono and Hao Zhou
Journal of Financial Economics (2017)
https://doi.org/10.1016/j.jfineco.2017.02.002
See also » FRB Working Paper (2012) - Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
Joseph E. Gagnon, Tamim Bayoumi, Juan M. Londono, Christian Saborowski, and Horacio Sapriza
IMF Working Papers (2017)
https://doi.org/10.1007/s11079-017-9437-0
See also » FRB Working Paper (2017) - Generating Options-Implied Probability Densities to Understand Oil Market Events
Deepa Dhume Datta, Juan M. Londono, and Landon J. Ross
Energy Economics (2017)
https://doi.org/10.1016/j.eneco.2016.01.006
See also » FRB Working Paper (2014) - An Alternative View of the US Price Dividend Ratio Dynamics
Juan M. Londono, Marta Regulez, and Jesus Vazquez
International Review of Economics & Finance (2015)
https://doi.org/10.1016/j.iref.2015.03.005 - U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies
David Bowman, Juan M. Londono, and Horacio Sapriza
Journal of International Money and Finance (2015)
https://doi.org/10.1016/j.jimonfin.2015.02.016
See also » FRB Working Paper (2014) - Bank Interventions and Options-Based Systemic Risk: Evidence from the Global and Euro-Area Crisis
Juan M. Londono and Mary Tian
International Finance Discussion Papers (2014)
https://doi.org/10.17016/IFDP.2014.1117 - On the Informational role of term structure in the US monetary policy rule
Jesus Vázquez, Ramón María-Dolores, and Juan M. Londono
Journal of Economic Dynamics & Control (2013)
https://doi.org/10.1016/j.jedc.2013.04.002 - Understanding Industry Betas
Juan M. Londono and Lieven Baele
Journal of Empirical Finance (2013)
https://doi.org/10.1016/j.jempfin.2013.02.003 - The Effect of Data Revisions on the Basic New Keynesian Model
Jesús Vázquez, Ramón María-Dolores, and Juan M. Londoño
International Review of Economics & Finance (2012)
https://doi.org/10.1016/j.iref.2012.03.005 - The Variance Risk Premium Around the World
Juan M. Londono
International Finance Discussion Papers (2011)
https://doi.org/10.17016/IFDP.2011.1035 - On the Informational Role of Term Structure in the U.S. Monetary Policy Rule
Jesus Vazquez, Ramon Maria-Dolores, and Juan-Miguel Londono
Documentos de trabajo (Banco de España) (2009)
Conference Organization
September 2025 | New York
International Roles of the U.S. dollar
Coordinator
May 2025 | Zurich
High-Level Global risk uncertainty and volatility (GRUV) Conferences
Coordinator and member of the academic committee
November 2024 | Frankfurt
Global Research Forum
Coordinator
December 2019 | EAFIT (Medellin)
IFABS Latin America
Co-chair of the academic and organizing committees
December 2019 | EAFIT (Medellin)
IFABS Latin America
Co-chair of the academic and organizing committees
Referee
- Review of Financial Studies
- Management Science
- Journal of Banking and Finance
- Journal of Financial Markets
- Journal of Futures Markets
- Journal of International Money and Finance
- International Journal of Central Banking
Last Update:
October 20, 2025