Heiko Hesse is an Economist on banking and financial stability issues in the Monetary and Capital Markets Department at the International Monetary Fund (IMF) after having worked in the Middle East Department and on the IMF’s Global Financial Stability Report. Prior to that, he was an Economist at the World Bank from 2006-2007, working on the Commission on Growth and Development, which brings together twenty-one leading practitioners from government, business and the policymaking arenas and is chaired by Nobel Laureate Michael Spence. Before that in 2005-2006, he was a Visiting Scholar at Yale University and a consultant at the World Bank. He also worked at McKinsey, NERA Economic Consulting as well as PwC. He regularly contributes to the economics blogs VOX and Roubini, has published in refereed academic journals as well as frequently speaks at conferences and central banks.