Imène Rahmouni-Rousseau
Market Operations
- Current Position
-
Director General
- Fields of interest
-
Macroeconomics and Monetary Economics,Financial Economics
- Other current responsibilities
- 2020-
Member of the BIS Markets Committee
- 2020-
Chair of the ECB Bond Market Contact Group (BMCG)
- 2020-
Chair of the Eurosystem Market Operations Committee (MOC)
- Education
- 1998
Master of Science in Political Economy, Sciences Po Paris
- 1997
Master of Science in Quantitative Economics, Ecole Centrale de Paris
- Professional experience
- 2020-
Director General of Market Operations, European Central Bank
- 2014-2020
Director of Markets, Banque de France
- 2009-2014
Lead of the financial stability team and Member of Financial Stability Board Secretariat, Bank for International Settlements (BIS)
- 2004-2009
Head of the financial stability division, Banque de France
- 2001-2004
Economist and Secretary of the Working Group on Monetary Policy Instruments (WGME), European Central Bank
- 1999-2001
Economist, DG-Market Operations, Banque de France
- Awards
- 2026
Chevalier de l’ordre national de la Légion d’Honneur
- 31 August 2026
- THE ECB BLOGDetails
- JEL Code
- O16 : Economic Development, Technological Change, and Growth→Economic Development→Financial Markets, Saving and Capital Investment, Corporate Finance and Governance
- 29 April 2025
- THE ECB BLOGDetails
- JEL Code
- E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
- 25 April 2025
- THE ECB BLOGDetails
- JEL Code
- E51 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Money Supply, Credit, Money Multipliers
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
E41 : Macroeconomics and Monetary Economics→Money and Interest Rates→Demand for Money
E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
ESTR : Macroeconomics and Monetary Economics
- 24 September 2024
- THE ECB BLOGDetails
- JEL Code
- H63 : Public Economics→National Budget, Deficit, and Debt→Debt, Debt Management, Sovereign Debt
G12 : Financial Economics→General Financial Markets→Asset Pricing, Trading Volume, Bond Interest Rates
G24 : Financial Economics→Financial Institutions and Services→Investment Banking, Venture Capital, Brokerage, Ratings and Ratings Agencies
- 13 February 2024
- THE ECB BLOGAnnexes
- 13 February 2024
- THE ECB BLOG
- 15 April 2016
- OCCASIONAL PAPER SERIES - No. 171Details
- Abstract
- Following the emergence of the financial crisis in August 2007, the Basel Committee on Banking Supervision established in 2010 a new global regulatory framework. In addition to raising capital requirements, it introduced three ratios, two of which set out minimum standards for liquidity and funding risk, i.e. the liquidity coverage ratio and the net stable funding ratio, and one which aims to limit leverage in the banking system, i.e. the leverage ratio. All three ratios can have a number of implications for monetary policy implementation, in particular the liquidity coverage ratio and the net stable funding ratio owing to the special role of central banks in providing liquidity. This paper investigates the extent to which the regulatory initiatives might have already had an impact on banks
- JEL Code
- G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
- 2025
- BIS Markets Committee papers
- 2025
- Slides of keynote speech at AFME government bond conference
- 2020
- Journal of Financial Economics
- 2018
- BIS Markets Committee papers
- 2009
- The Emerging States: The Wellspring of a New World OrderAre Emerging Markets Now Shielded From Financial Crises?