Jemima Peppel-Srebrny is a Senior Economist at the European Stability Mechanism (ESM). She works on global and US macro and markets, sovereign risk and climate risk analysis. Prior to joining the ESM in 2020, she was a Junior Engagement Manager/Senior Associate at McKinsey, focussing on public- and financial-sector clients across Europe, Eastern Africa and the US. She holds a PhD (DPhil) and MPhil in economics from the University of Oxford. Her academic research focusses on the links between