Andrea Deghi is a Financial Sector Expert in the Global Financial Stability Analysis Division of the IMF’s Monetary and Capital Markets Department. Previously, he worked in the Macroprudential Policy and Financial Stability Department at the ECB and with the Research Department of the Deutsche Bundesbank. His research spans topics in systemic risk, financial intermediation, real estate markets and monetary policy. Andrea holds a PhD in Economics jointly awarded by the Universities of Siena, Florence and Pisa.