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M. Ayhan Kose

Director, Development Prospects Group

Ayhan Kose is Director of the World Bank Group’s Development Prospects Group. In this capacity, he leads the World Bank Group’s work on global macroeconomic outlook and forecasts as well as financial flows and commodity markets. He also coordinates work related to the monitoring of the World Bank Group’s twin goals of ending poverty and promoting shared prosperity. Under his management, the Development Prospects Group produces the Bank’s flagship reports, Global Economic Prospects and Global Monitoring Report, in addition to other monitoring publications.

Mr. Kose has written extensively on international macroeconomics and finance. Many of his articles have been published in leading academic journals, such as the American Economic Review, International Economic Review, Journal of International Economics, Review of Economic Dynamics, Journal of Development Economics, and Economic Policy. He has also written articles for a number of policy-oriented publications, including the IMF’s World Economic Outlook, Finance & Development, Foreign Policy, Euromoney Emerging Markets Handbook, and VoxEU. His research has been featured in prominent media outlets, such as The Economist, New York Times, Financial Times, Wall Street Journal, Reuters, Bloomberg, and other international and regional newspapers. He is on the editorial boards of several academic journals, and was the founding Co-Editor of the IMF Economic Review and Editor of the IMF Research Bulletin.

Mr. Kose’s latest book, Financial Crises: Causes, Consequences, and Policy Responses (co-edited; IMF Publications, February 2014), provides a comprehensive overview of recent research on financial crises. His previous book, Emerging Markets: Resilience and Growth Amid Global Turmoil (co-authored; Brookings Institution Press, December 2010), analyzes the performance of emerging market economies during the global financial crises.

Prior to joining the World Bank in June 2014, Mr. Kose was Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the International Monetary Fund (IMF). In various capacities at the IMF, he served as Co-Chair of the Interdepartmental Taskforce for the 2014 Spillover Report and Mission Chief of the Ex-Post Assessment for the Nicaragua’s 2007-11 IMF Program, and as an economist in multiple divisions of the Research Department, and the United States and Canada desks of the Western Hemisphere Department.

Mr. Kose taught at the University of Chicago’s Booth School of Business and INSEAD, and was formerly Assistant Professor at Brandeis International Business School. He has a Ph.D. in economics from the Tippie College of Business of the University of Iowa and a B.S. in industrial engineering from Bilkent University. A native of Turkey, Mr. Kose was born and raised in Istanbul.
AREAS OF EXPERTISE
  • Financial Sector
  • Global Economy
  • Growth
  • Shocks and Vulnerabilities