The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Fields of interest Financial Economics, Liquidity, Financial Stability, Interbank markets
Gara Afonso is a Senior Economist in the Financial Intermediation Function at the Federal Reserve Bank of New York. Her research interests center on financial economics and she is primarily interested in the study of interbank markets, financial crises and market liquidity. Gara Afonso received a PhD in Finance from the London School of Economics in May 2008 and was a visiting graduate student at Princeton University from 2006 to 2008. She has recently been awarded the JFI Best Paper Prize for the most significant paper published in the 2011 Journal of Financial Intermediation for the paper “Liquidity and Congestion.”