Sebastian Doerr


I am an economist at the Bank for International Settlements in the Monetary and Economic Department and recevied my Ph.D. in economics from the University of Zurich (C.V. here).

At the BIS I am part of the Innovation and the Digital Economy unit, where I work on the regulation of fintechs and cryptocurrencies and examine the consequences of financial innovation for data privacy, credit supply, and competition in the financial sector.

My academic research also focuses on how macroeconomic trends, such as housing booms, population aging or inequality, affect the financial sector and the real economy. It received the European Economic Association's Young Economist Award, as well as the Young Innovators Award at the Vordenker Forum.

You can find my research papers here and my policy work & media coverage here.

Current research

With P. SchazJournal of Financial Economics (2021)Review of Finance (2021)With S. Gissler, J.-L. Peydro and J. VothJournal of Finance (forthcoming)With G. Cornelli, L. Gambacorta and O. MerroucheR&R at Review of FinanceWith T. Drechsel and D. Lee

Selected policy work

  • DeFi lending: intermediation without information?, with S. Aramonte, W. Huang and A. Schrimpf, BIS Bulletin No 57

  • Blockchain scalability and the fragmentation of crypto, with F. Boissay, G. Cornelli and J. Frost, BIS Bulletin No 56

  • Non-bank lenders in the syndicated loan market (2022), with I. Aldasoro and H. Zhou, BIS Quarterly Review, March

  • Funding for fintechs: patterns and drivers (2021), with G. Cornelli, L. Franco, and J. Frost, BIS Quarterly Review, September

  • Whom do consumers trust with their data? US survey evidence (2021), with O. Amantier, J. Frost, A. Fuster and K. Shue, BIS Bulletin No 42

  • Big data and machine learning in central banking (2021), with L. Gambacorta and J.-M. Serena, BIS Working Paper No 930