Silvia Gabrieli

Silvia Gabrieli is Deputy Head of the Resilience and Market Infrastructure Studies Division in the Innovation and Financial Market Infrastructure Directorate. Her research focuses on the European interbank market, network analysis of financial markets, systemic risk and financial contagion. Silvia’s work contributed to the development of the Banque de France’s analytical framework for systemic risk monitoring and for macroprudential policy.

Current Position

Deputy Head of the Resilience and Market Infrastructure Studies Division Innovation and Financial Market Infrastructure Directorate

Previous Position

• Economist, Banque de France Macro-Finance Division (2011-2015)
• Research Assistant, Einaudi Institute for Economics and Finance (2011)
• Consultant, DG Payments & Market Infrastructures, European Central Bank (2010)
• PhD Intern, Research Department, Sveriges Riksbank (2009)
• PhD Intern, DG Research, European Central Bank (2008)
• Intern, DG Economic and Financial Affairs, European Commission (2007)
• Analyst, Banca San Paolo Imi SpA, Research Department (2006)

Diplomas

• PhD in Money and Finance, University of Rome Tor Vergata (2011)
• Masters degree in Economics, University of Rome Tor Vergata (2006)

Research Interest

Interbank market, financial networks, systemic risk and contagion, macroprudential policy, financial and panel data econometrics

Contact

• silvia.gabrieli@banque-france.fr
• +33 (0)1 42 97 74 49
• Banque de France, 35-2341 DGSO-DSF-SMP, 75049 Paris Cedex 01, France

Academic Publications

Articles 

• Bad Sovereign or Bad Balance Sheets? Euro Interbank Market Fragmentation and Monetary Policy, 2011-2015 (2018), with Claire Labonne, Federal Reserve Bank of Boston Working Paper No.3.
• Cross-border interbank contagion in the European banking sector (2018), with Dilyara Salakhova, International Economics.
• A network view on interbank market freezes (2014), with C. Georg, Deutsche Bundesbank Discussion Paper No. 44.
• Assessing contagion risks from the CDS market (2013), avec M. Brunnermeier, L. Clerc, Y. El Omari, S. Kern, C. Memmel, T. Peltonen, N. Podlich, M. Scheicher, et G. Vuillemey, ESRB Occasional Paper No. 4.
• The microstructure of the money market before and after the financial crisis: a network perspective (2011), CEIS Research Paper No.181.
• Financial networks and financial stability (June 2010), avec K. Söramaki, Financial Stability Review, ECB.
• The functioning of the euro area interbank market during the 2007-08 financial crisis (2009), CEIS Research Paper No.158.

 Others

• Contribution to the ESRB “Final Report on the use of structural macroprudential instruments in the EU”, December 2017.
• Contribution to the Report of the Committee of the Global Financial System (CGFS) on “Objective-setting and communication of macroprudential policies” (CGFS Papers No 57, 2016).
• Proceedings of the Workshop on “Recent advances in modelling systemic risk using network analysis”, Frankfurt, 5 October 2009: http://www.ecb.europa.eu/press/pr/date/2010/html/pr100107.en.html.