Vladimir Pillonca is an economist in the IMF’s Monetary and Capital Markets Department. He is a member of the Global Markets Analysis division and a contributor to the Global Financial Stability Report. His contributions to the GFSR span topics such as the quantification of sovereign risk premia, financial fragmentation and the measurement of co-movement across global asset prices. Prior to joining the IMF, Vladimir was an economist at Société Générale and Morgan Stanley in London, where he analyzed and forecasted European macro variables. He holds an MSc in Economics from Warwick University and a BA from Exeter in the U.K.