Stephen Jen is a Managing Director and Chief Currency Economist at Morgan Stanley, London. Stephen joined Morgan Stanley in 1996. He was the Asian Currency Strategist based in Hong Kong until September 1999. Prior to joining Morgan Stanley, he spent four years as an economist with the International Monetary Fund in Washington, D.C., primarily covering member countries in Asia and Eastern Europe. He was actively involved in the design of the IMF's framework to provide debt relief to highly indebted countries. He has also worked for the Board of Governors of the Federal Reserve and the World Bank and has been a lecturer at the Massachusetts Institute of Technology and Georgetown University's McDonough School of Business. He holds a Ph.D. in Economics from the Massachusetts Institute of Technology, with concentrations in international economics and macroeconomics. He also holds a B.Sc. in Electrical Engineering summa cum laude from the University of California, Irvine.