Tobias Adrian is the Financial Counsellor and Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF). In this capacity, he leads the IMF’s work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, and capital markets. He also oversees capacity building activities in IMF member countries with regard to the supervision and regulation of financial systems, bank resolution, central banking, monetary and exchange rate regimes, tokenized money and finance, and debt management. Mr. Adrian has published extensively in economics and finance journals. His research spans macro-finance, monetary policy, and financial stability, with a focus on aggregate consequences of capital market developments. He has taught at Princeton University, New York University, and Seoul National University, and served on the editorial boards of the International Journal of Central Banking and the Annual Review of Financial Economics.