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Deliverables:

MCMGS will consult and collaborate with the scholar on the conceptual, empirical, and policy aspects of the October 2026 GFSR chapter, provisionally titled “Hedge Funds and Financial Stability.” Advice on the analytical strategy and modeling work for the chapter will be highly valuable. 

Expected outputs and deadlines:

• May 2026 (2 days), via a virtual meeting and emails, feedback on the outline, input on data issues and preliminary econometric results, and a discussion of policy issues and possible additional research questions.
• June 2026 (2 days), via an in-person meeting and through emails, feedback on the results of the individual workstreams. Exact date of the in-person meeting to be determined depending on the progress of the project and scholar's availability.
• July/August 2026 (1 day), via a virtual meeting and emails, feedback on a full draft of the chapter.

Background/rationale for requesting short-term hire:

The objective is to produce an analytical chapter for the October 2026 GFSR, provisionally titled “Hedge Funds and Financial Stability.” The chapter will analyze whether hedge funds support market efficiency and liquidity, while identifying the conditions under which they may propagate stress across asset classes and jurisdictions. The analysis focuses on key transmission channels, including forced deleveraging, crowded positioning, and interactions with dealer balance sheets and market liquidity.

Department:

MCMGS Monetary and Capital Markets Dept. Global Financial Stability Division

Hiring For:

B03

The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.