Céline Rochon
Last Updated: July 28, 2022
Celine Rochon is a Senior Economist at the IMF, currently working in the Institute for Capacity Development (Financial Policies Division).
Fluent In: French.
Education:
2000: PhD (Economics), CORE, Universite Catholique de Louvain
1997: MSc (Economics), CORE, Universite Catholique de Louvain
1996: MSc (Mathematics), University of Ottawa
1994: BSc (Mathematics), University of Ottawa
Previous Experience:
2005 - 2013: Associate Professor in Finance (with tenure), Said Business School, University of Oxford
2001 - 2005: Associate Professor (with tenure), THEMA, Universite de Cergy-Pontoise, France
IMF Career:
Since October 2019: Institute for Capacity Development, Financial Policies Division. Tonga FPAS TA mission chief; Central Bank Digital Currencies course lead; Financial Sector Surveillance course lead.
April 2016 - September 2019: Strategy, Policy and Review Department. September 2018-19: SPR Mission at the Banque de France in support of the French G7 Presidency. April 2016 - September 2018: Macro-Financial Unit; Advanced Economies and Multilateral Issues Division; SPR economist on the U.S. team.
September 2010 - March 2016: IMF Institute for Capacity Development, African Division. Training missions: Financial Markets and New Financial Instruments (Austria, Singapore), Mortgage Markets, Securitization and Structured Finance (Austria, Singapore), Economic Policies for Financial Stability (Austria, Kuwait, Mauritius, Singapore, Tunisia), Financial Market Analysis (Austria, Mauritius, South Africa), Economic Issues in Regional Integration (Mauritius, Tanzania), Financial Programming and Policies (Ghana), Monetary and Exchange Rate Policies (Mauritius, Uganda), Finance for Macroeconomists (IMF HQ), Extracting Information from Financial Markets (IMF HQ - for staff).
2014 Article IV Consultation Mission to Qatar. Between 2005-2010: Visiting Scholar at the IMF Institute, and consultant on training missions in China, Austria and Singapore.
IMF Books and Working Papers:
Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020
Pre- and Post-GFC Policy Multipliers , Working Paper No. 2020/237 , November 13, 2020
Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Envrionment , Working Paper No. 20/53 , March 13, 2020
Casting Light on Central Bank Digital Currencies , Staff Discussion Notes No. 18/08 , November 13, 2018
The U.S. Personal Saving Rate , Working Paper No. 18/128 , June 05, 2018
Back to the Future: The Nature of Regulatory Capital Requirements , Working Paper No. 17/181 , August 04, 2017
Fintech and Financial Services : Initial Considerations , Staff Discussion Notes No. 17/05 , June 19, 2017
What’s Different about Bank Holding Companies? , Working Paper No. 17/26 , February 10, 2017
Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline , Working Paper No. 14/169 , September 15, 2014
Optimal Maturity Structure of Sovereign Debt in Situation of Near Default , Working Paper No. 14/168 , September 12, 2014
Conformism and Public News , Working Paper No. 11/33 , February 01, 2011
A Real Model of Transitional Growth and Competitiveness in China , Working Paper No. 08/99 , April 01, 2008
High Growth and Low Consumption in East Asia: How to Improve Welfare While Avoiding Financial Failures , Working Paper No. 07/278 , December 01, 2007
Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses , Working Paper No. 06/263 , November 01, 2006
IMF Occasional Papers, Pamphlets, and Special Issues Papers
Fintech and Financial Services: Initial Considerations (with D. He, R. Leckow, V. Haksar, T. Mancini-Griffoli, N. Jenkinson, M. Kashima, T. Khiaonarong, and H. Tourpe), Staff Discussion Note 17/05, International Monetary Fund, June 2017.
F&D articles
Risky mix (with R. Chami, C. Fullenkamp, T. Cosimano), Finance and Development, March 2017.
The domestic solution: Can China's growth be sustained through good-neighbor policies? (with L. Lipschitz and G. Verdier), Finance and Development, March 2009
Selected Issue
Enhancing Qatar's Early Warning System, Qatar Selected Issues, IMF Country Report No. 14/108.
Publications in Journals (Refereed)
Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies (with Co-authors: see IMF WP 2020/288), Journal of Financial Crises, forthcoming.
Back to the future: the nature of regulatory capital requirements (with R. Chami, T. Cosimano and E. Kopp), Journal of Banking Regulation (2018), vol 19: 327–336.
Financial Regulation and the Speed of Financial Risks (with R. Chami, T. Cosimano, C. Fullenkamp), Oeconomia (2017), 7(2) : 161-190.
Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline (with C. Fullenkamp), Journal of Economic Policy Research (June 2016), 1-17.
Conformism and public news (with G. Desgranges), Economic Theory 52 (2013), 1061-1090.
From search to match: when loan contracts are too long (with C. Chamley), Journal of Money, Credit and Banking 43 (2011), 385-411.
A real model of transitional growth and competitiveness in China (with L. Lipschitz and G. Verdier), Journal of Asian Economics 22 (2011), 267-283.
High growth and low consumption in East Asia: How to improve welfare while avoiding financial failures (with A. Feltenstein and M. Shamloo), Journal of Development Economics 91 (2010), 25-36.
Can good events lead to bad outcomes? Endogenous banking crises and fiscal policy responses (with A. Feltenstein), Journal of Asian Economics 20 (2009), 396-409.
Devaluation without common knowledge, Journal of International Economics 70 (2006), 470-489.
Debt, liquidity and dynamics (with H. Polemarchakis), Economic Theory 27 (2006), 179-211.
Generic efficiency and collusion-proofness in exchange economies (with G. Giraud), Social Choice and Welfare 20 (2003), 405-428.
Consistent collusion-proofness and correlation in exchange economies (with G. Giraud), Journal of Mathematical Economics 38 (2002), 441-463.
Analyse empirique de la theorie des anticipations de la structure par terme des taux d'interet (with O. Scaillet, G. Lobefalo, N. Marchand, L. Peeters, V. Thoen, J. Van De Voorde, D. Van Rossum), IRES, Service d'Analyse Economique, Universite catholique de Louvain, December 1997.
Publications in Books and Conference Volumes
Casting Light on Central Bank Digital Currencies (with Tommaso Mancini-Griffoli, Maria Soledad Martinez Peria, Itai Agur, Anil Ari, John Kiff, Adina Popescu). In: "Cryptoassets: Legal, Regulatory and Monetary Perspectives" Chris Brummer (ed.), Oxford University Press, 2019
Celine Rochon is a Senior Economist at the IMF, currently working in the Institute for Capacity Development (Financial Policies Division).
Fluent In: French.
Education:
2000: PhD (Economics), CORE, Universite Catholique de Louvain
1997: MSc (Economics), CORE, Universite Catholique de Louvain
1996: MSc (Mathematics), University of Ottawa
1994: BSc (Mathematics), University of Ottawa
Previous Experience:
2005 - 2013: Associate Professor in Finance (with tenure), Said Business School, University of Oxford
2001 - 2005: Associate Professor (with tenure), THEMA, Universite de Cergy-Pontoise, France
IMF Career:
Since October 2019: Institute for Capacity Development, Financial Policies Division. Tonga FPAS TA mission chief; Central Bank Digital Currencies course lead; Financial Sector Surveillance course lead.
April 2016 - September 2019: Strategy, Policy and Review Department. September 2018-19: SPR Mission at the Banque de France in support of the French G7 Presidency. April 2016 - September 2018: Macro-Financial Unit; Advanced Economies and Multilateral Issues Division; SPR economist on the U.S. team.
September 2010 - March 2016: IMF Institute for Capacity Development, African Division. Training missions: Financial Markets and New Financial Instruments (Austria, Singapore), Mortgage Markets, Securitization and Structured Finance (Austria, Singapore), Economic Policies for Financial Stability (Austria, Kuwait, Mauritius, Singapore, Tunisia), Financial Market Analysis (Austria, Mauritius, South Africa), Economic Issues in Regional Integration (Mauritius, Tanzania), Financial Programming and Policies (Ghana), Monetary and Exchange Rate Policies (Mauritius, Uganda), Finance for Macroeconomists (IMF HQ), Extracting Information from Financial Markets (IMF HQ - for staff).
2014 Article IV Consultation Mission to Qatar. Between 2005-2010: Visiting Scholar at the IMF Institute, and consultant on training missions in China, Austria and Singapore.
IMF Books and Working Papers:
Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies , Working Paper No. 2020/288 , December 18, 2020
Pre- and Post-GFC Policy Multipliers , Working Paper No. 2020/237 , November 13, 2020
Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Envrionment , Working Paper No. 20/53 , March 13, 2020
Casting Light on Central Bank Digital Currencies , Staff Discussion Notes No. 18/08 , November 13, 2018
The U.S. Personal Saving Rate , Working Paper No. 18/128 , June 05, 2018
Back to the Future: The Nature of Regulatory Capital Requirements , Working Paper No. 17/181 , August 04, 2017
Fintech and Financial Services : Initial Considerations , Staff Discussion Notes No. 17/05 , June 19, 2017
What’s Different about Bank Holding Companies? , Working Paper No. 17/26 , February 10, 2017
Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline , Working Paper No. 14/169 , September 15, 2014
Optimal Maturity Structure of Sovereign Debt in Situation of Near Default , Working Paper No. 14/168 , September 12, 2014
Conformism and Public News , Working Paper No. 11/33 , February 01, 2011
A Real Model of Transitional Growth and Competitiveness in China , Working Paper No. 08/99 , April 01, 2008
High Growth and Low Consumption in East Asia: How to Improve Welfare While Avoiding Financial Failures , Working Paper No. 07/278 , December 01, 2007
Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses , Working Paper No. 06/263 , November 01, 2006
IMF Occasional Papers, Pamphlets, and Special Issues Papers
Fintech and Financial Services: Initial Considerations (with D. He, R. Leckow, V. Haksar, T. Mancini-Griffoli, N. Jenkinson, M. Kashima, T. Khiaonarong, and H. Tourpe), Staff Discussion Note 17/05, International Monetary Fund, June 2017.
F&D articles
Risky mix (with R. Chami, C. Fullenkamp, T. Cosimano), Finance and Development, March 2017.
The domestic solution: Can China's growth be sustained through good-neighbor policies? (with L. Lipschitz and G. Verdier), Finance and Development, March 2009
Selected Issue
Enhancing Qatar's Early Warning System, Qatar Selected Issues, IMF Country Report No. 14/108.
Publications in Journals (Refereed)
Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies (with Co-authors: see IMF WP 2020/288), Journal of Financial Crises, forthcoming.
Back to the future: the nature of regulatory capital requirements (with R. Chami, T. Cosimano and E. Kopp), Journal of Banking Regulation (2018), vol 19: 327–336.
Financial Regulation and the Speed of Financial Risks (with R. Chami, T. Cosimano, C. Fullenkamp), Oeconomia (2017), 7(2) : 161-190.
Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline (with C. Fullenkamp), Journal of Economic Policy Research (June 2016), 1-17.
Conformism and public news (with G. Desgranges), Economic Theory 52 (2013), 1061-1090.
From search to match: when loan contracts are too long (with C. Chamley), Journal of Money, Credit and Banking 43 (2011), 385-411.
A real model of transitional growth and competitiveness in China (with L. Lipschitz and G. Verdier), Journal of Asian Economics 22 (2011), 267-283.
High growth and low consumption in East Asia: How to improve welfare while avoiding financial failures (with A. Feltenstein and M. Shamloo), Journal of Development Economics 91 (2010), 25-36.
Can good events lead to bad outcomes? Endogenous banking crises and fiscal policy responses (with A. Feltenstein), Journal of Asian Economics 20 (2009), 396-409.
Devaluation without common knowledge, Journal of International Economics 70 (2006), 470-489.
Debt, liquidity and dynamics (with H. Polemarchakis), Economic Theory 27 (2006), 179-211.
Generic efficiency and collusion-proofness in exchange economies (with G. Giraud), Social Choice and Welfare 20 (2003), 405-428.
Consistent collusion-proofness and correlation in exchange economies (with G. Giraud), Journal of Mathematical Economics 38 (2002), 441-463.
Analyse empirique de la theorie des anticipations de la structure par terme des taux d'interet (with O. Scaillet, G. Lobefalo, N. Marchand, L. Peeters, V. Thoen, J. Van De Voorde, D. Van Rossum), IRES, Service d'Analyse Economique, Universite catholique de Louvain, December 1997.
Publications in Books and Conference Volumes
Casting Light on Central Bank Digital Currencies (with Tommaso Mancini-Griffoli, Maria Soledad Martinez Peria, Itai Agur, Anil Ari, John Kiff, Adina Popescu). In: "Cryptoassets: Legal, Regulatory and Monetary Perspectives" Chris Brummer (ed.), Oxford University Press, 2019