Robert N. McCauley

Robert N. McCauley is a Non-resident Senior Fellow with the Global Economic Governance Initiative at the Boston University Global Development Policy Center. He does policy-relevant and market-savvy research on international financial markets, the international monetary system and corporate finance. His research spans the international monetary system (exorbitant privilege, Triffin dilemma), reserve management (currency and instrument composition), money, bond and foreign exchange markets (dollar zone, covered interest parity, non-deliverable forwards) and renminbi internationalization. He has published widely in academic and policy journals, co-authored an MIT Press book on corporate capital structures in the 1980s and 1990s, authored a Princeton Essay in International Finance and co-authored a Geneva Report on the World Economy.

He spent most of his career in central banking at the Bank for International Settlements (BIS) and, before that, at the Federal Reserve Bank of New York. A highlight of his policy work was his involvement in the creation of the Asian Bond Fund among central banks while representing the BIS in Asia and the Pacific in the 2000s. He represented the BIS Monetary and Economic Department on the Markets Committee of central bank market practitioners from 2008-2019. He is an Associate Member of the Faculty of History at the University of Oxford.