Stephany Griffith-Jones (born Stepanka Novy Kafka[1] in 5 June 1947) is an economist specializing in international finance and development.

One of her notable works is the book Time for the Visible Hand: Lessons from the 2008 Crisis, which she co-edited with José Antonio Ocampo and Joseph Stiglitz, published in 2010.

[1] Griffith-Jones has contributed to research and policy suggestions on how to make the domestic and international financial system more stable so it can better serve the needs of inclusive economic development and the real economy.

For example, she advocated special drawing rights issues by the International Monetary Fund (IMF) as a means to provide official liquidity when private capital flows fall sharply.

She also advocated expanded and less conditional IMF lending so countries do not have to unnecessarily adjust their economies, especially in the face of financial crises or other external shocks.

Writing with José Antonio Ocampo since the late 1990s[9] they expanded the concept of counter-cyclical reform of the international financial system to help stabilise capital flows and domestic private lending.

The aim was to avoid frequent costly crises, facilitate macro-economic management and to achieve stable and inclusive economic growth in developing countries.