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Vania Stavrakeva

Assistant Professor of Economics

PhD (Harvard), BA (Franklin and Marshall)

Vania Stavrakeva has held the role of an Assistant Professor of Economics at London Business School since 2013. Her research interests include international finance, macroeconomics, macro-finance and financial sector regulation. She holds a PhD in economics from Harvard University.

She has extensively studied exchange rate determination and how monetary policy, macroeconomics news and beliefs impact exchange rate movements. Within these topics, she has examined questions such as: How does monetary policy impact exchange rates and what changed over the Global Recession and why? What is the source of heterogeneity of beliefs and positions in forex derivative markets? What makes a currency a safe heaven currency – i.e. it appreciates during bad times?

Regarding her financial intermediation research, Vania has extensively studied how the regulation of bank capital and derivative regulation should differ across countries, given that countries vary in their fiscal capacity – i.e. they have different ability to bail out their financial sector. She also studies how the banking sector interacts with the rest of the financial sector (such as asset management) and what this implies for the design of the regulatory framework of the financial sector. Finally, she has focused some of her ongoing research on the topic of “ring fencing”.

2019

Optimal bank regulation and fiscal capacity

Stavrakeva V

Review of Economic Studies 2019 Vol 87:2 p 1034-1089

2008

The continuing puzzle of short horizon exchange rate forecasting

Stavrakeva V; Rogoff K

National Bureau of Economic Research 2008

2019

Optimal Capital Flows in a SOE: Theory and Empirics

Stavrakeva V

Working Paper

2018

The dollar during the global recession: U.S. monetary policy and the exorbitant duty

Stavrakeva V; Tang J

Federal Reserve Bank of Boston

2017

Exchange rates and the yield curve

Stavrakeva V; Tang J

Social Sciences Research Network

2015

Exchange rates and monetary policy

Stavrakeva V; Tang J

Social Sciences Research Network

Optimal bank regulation and fiscal capacity

Stavrakeva V

Social Sciences Research Network


Teaching portfolio

Our teaching offering is updated annually. Faculty and programme material are subject to change.

  • Masters Degrees core courses

    A key part of our Masters programmes curriculum.

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    • Global Economic Analysis
      Explore key issues in macroeconomics and international finance, including: What are business cycles, what drives them and how do they affect the decision-making process of firms and policy makers? What is monetary policy? What role does it play for providing economic growth and stability? Have firms and financial markets become “addicted” to low interest rates? What is the role of fiscal policy in the economy? When should a country worry about its level of debt and when is it ok to spend more? Why are sovereign debt crises costly both for firms and for the economy and how can we avoid them? What theories can explain the behaviour of one of the most important macroeconomic variables for business, finance and trade? What are the current and capital accounts of a country and how do we think about the debt sustainability of a whole country? Can countries have stable exchange rates, free flow of capital and monetary policy independence all at the same time? If not, what are the trade-offs?
      PROGRAMMES WITH THIS CORE COURSE
    • The Global Macroeconomy
      Never get caught out on the broad macro issues that drive markets and finance and understand how these impact your organisation. Study the drivers of global macroeconomic development; national wealth, banking, structure, monetary markets, regulation and financial crises. Learn to converse knowledgeably about today’s global macroeconomic issues and gain an understanding of institutional and theoretical frameworks.
      PROGRAMMES WITH THIS CORE COURSE
    • Understanding International Macroeconomy
      Study the forces that shape the corporate environment, the context within which firms operate and the importance of understanding macro-organisational issues.
      PROGRAMMES WITH THIS CORE COURSE
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  • Masters Degrees electives

    Optional courses providing a deep dive into specialist areas.

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    • Understanding the Intl Macroeconomy
      This course will focus on introducing you to some of the key issues in macroeconomics and international finance. We study and provide an answer to key questions, among many others: What is GDP and what does it really measure? What is the economic meaning of value added? What makes a nation succesful and what are main drivers of growth in the long run? What is money and how does it relate to inflation? The course enables students to be able to recognise and construct logical economic arguments, read macroeconomic reports, and understand when and why the government makes important policy decisions such as a change in the target interest rate or changes in the tax rate. The aim is to provide a set of general skills portable across a range of industries, professions, and countries, which will make it possible to understand the forces that will dominate the domestic and global business environment in the immediate future, as well as over the coming years.
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  • PhD courses

    The first step to academic excellence.

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