Ramona Jimborean

• Ramona Jimborean

Current Position

Economist in the Monetary Policy Implementation Division in the Directorate General Financial Stability and Operations. 

Previous Position

• Seconded National Expert, Macroprudential policy and relations with the ESRB Unit, DG FISMA, European Commission (Jan. 2019- Dec. 2021)
• Economist, Macroprudential Policy Division, Banque de France (Jul. 2015 – Dec. 2018)
• Banque de France: Economist, International Monetary Relations Division, Economics and International and European Relations Directorate (August 2013-June 2015);
• Economist, European Relations Division, Economics and International and European Relations Directorate (Oct.2009-July 2013);
• Post-doctoral Researcher, Monetary Policy Research Division, Monetary and Financial Directorate (Oct.2008-Sept.2009).
• Economist Trainee, French Banking Federation (April 2008-Sept.2008); Temporary Lecturer, Paris Est University (2006-2008).

Diplomas

• PhD in Economics, Paris Est University (2007)
• Masters degree in Economic and Financial Integration, University of Poitiers (2003)

Research Interest

Macroprudential policy, monetary policy, banking and monetary economics, international economics.

Contact

• ramona.jimborean@banque-france.fr
• +33 (0)1 42 44 98 55
• Banque de France, S2A-1332 DGSO-DMPM-MOPM, 75049 Paris Cedex 01, France

Academic Publications

Articles

• “The benefits and costs of adjusting bank capitalisation: evidence from euro area countries”, with an ECB FSC-MPPG task force, 2019, ECB Working Paper Series, 2261, April 2019.
• Ramona Jimborean, 2018. “What drives private non-financial sector borrowing in emerging market economies?”, Economie et Statistique/ Economics and Statistics, Institut National de la Statistique et des Études Économiques (INSEE), issue 503-504, pp. 143-161.
• « Foreign direct investment drivers and growth in Central and Eastern Europe in the aftermath of the 2007 global financial crisis" 2014, (en anglais), avec Anna Kelber, Banque de France, Document de travail n° 488.
•  « The Exchange Rate Pass-Through in the New EU Member States » 2011, Banque de France, Working Paper n°341
• Ramona Jimborean & Anna Kelber, 2017. "Foreign Direct Investment Drivers and Growth in Central and Eastern Europe in the Aftermath of the 2007 Global Financial Crisis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(1), pages 23-54, March.
• Ramona Jimborean, 2013.« The exchange rate pass-through in the new EU member states », 2013, Economic Systems, 37(2), p.302-329, (Elsevier).
• Ramona Jimborean with J.S. Mésonnier, 2010.« Banks’ financial conditions and the transmission of monetary policy: a FAVAR approach », 2010, International Journal of Central Banking, 6(4), p. 71-117, December.
• « The Cost Efficiency of French Banks », 2010, with E. Brack, Bankers, Markets and Investors, 105, p. 21-38, March-April.
• Ramona Jimborean, 2009. « The Role of Banks in the Monetary Policy Transmission in the New EU Member States», 2009, Economic Systems, 33(4), p. 360-375, December (Elsevier).
• Ramona Jimborean, 2005. "Analyse en donnes de panel," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 50, pages 364-371, November

Others

• “The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2022 and 2023”, with a Task force (NCBs, ECB), ECB Occasional Paper Series, no. 355, 2024.
• “Real estate in the aftermath of the pandemic: systemic risks and available macroprudential policy tools to address them”, European Financial Stability and Integration Review 2022, with DG FISMA staff, European Commission Staff Working Document, p. 25-43, April 2022.
• “A framework for assessing macroprudential stance”, Report of the expert group on macroprudential stance – Phase II (implementation), 2021, with an ESRB expert group, December 2021.
• “Summary compliance report on Recommendation of the European Systemic Risk Board of 31 October 2016 on closing real estate data gaps as amended by Recommendation ESRB/2019/3 (ESRB/2016/14)”, 2021, with an ESRB assessment team, June 2021.
• Summary compliance report on country-specific Recommendations of the European Systemic Risk Board of 27 June 2019 on medium term vulnerabilities in the residential real estate sector in Belgium (ESRB/2019/4), Denmark (ESRB/2019/5), Luxembourg (ESRB/2019/6), the Netherlands (ESRB/2019/7), Finland (ESRB/2019/8) and Sweden (ESRB/2019/9), 2021, with an ESRB assessment team, March 2021.
• « Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: commercial real estate”, 2019, with an ESRB working group, December 2019.
• « Financial Stability Challenges in EU candidate and potential candidate countries» with an IRC Expert Group of the ESCB, 2015, ECB Occasiona Paper Series No. 164, August 2015.
• « Financial Stability Challenges for EU Acceding and Candidate Countries. Making Financial System more Resilient in a Challenging Environment » with an IRC Expert Group, 2012, ECB Occasional Paper No. 136, September 2012.