Alissa M. Kleinnijenhuis is a Research Scholar at the Stanford Institute of Economic Policy Research (SIEPR) at Stanford University. She is also a Senior Research Fellow at the Institute of New Economic Thinking at the Oxford Martin School (INET) and the Oxford-Man Institute of Quantitative Finance of the University of Oxford. Alissa is a Co-PI of a Market Ecology & Financial Stability Grant, supervising four PhD students, and Co-Founder of Climate Stress Test Analytics.
Her research examines how finance can advance the public good of society, focusing on how we can design more resilient financial systems and avert a climate crisis. The research areas covered in her studies include financial crises, systemic risk, financial stress testing, financial and banking regulation, market ecology models, climate finance, climate risk, and AI in finance. Her recent work has shed light on the system-wide implications of key pillars of the post-crisis (2007-2009) regulatory reform, including Basel III buffers, bail-in, and central clearing. She has also developed novel tools, such as system-wide stress tests, to measure systemic risk and evaluate prudential policies. Her current studies examine physical and transition risks emerging from climate change, as well as financial dynamics in a market ecology of profit-loss relationships between different species (e.g. banks and non-banks) in the financial system. She will be teaching a novel course at Stanford in Fall 2021 entitled “Climate Finance”.
Alissa collaborates with and advises both policymakers and practitioners – including Fidelity Investments, the Bank of England, the European Central Bank, the International Monetary Fund, the Bank of International Settlements, and the South-African Reserve Bank.
Dr. Kleinnijenhuis holds a BS from Utrecht University in Economics and Mathematics (cum laude), a MSc in Mathematics and Finance from the Imperial College London, and a DPhil (PhD) in Mathematical and Computational Finance from the University of Oxford. She was a Postdoctoral Fellow at the MIT Sloan School of Management and the MIT Golub Centre for Finance and Policy (GCFP) at the Massachusetts Institute of Technology. She has been a Visiting Scholar at Yale University and the University of California, Santa Barbara, and has conducted research at Morgan Stanley and Allianz Global Investors.