The Financial Intermediation Function conducts research and policy-oriented analysis on a wide range of issues relating to financial intermediation and financial markets, including the behavior and health of financial institutions, innovations in financial markets, and the development of appropriate supervisory tools and techniques. Financial Intermediation economists examine these issues from both a macroeconomic and a microeconomic perspective, with a focus on the performance and stability of financial markets and core institutions.

• financial market innovations,
• banks and the business cycle,
• financial stability,
• risk management and measurement,
• regulatory capital requirements,
• design of financial systems, institutions, and contracts, and
• restructuring and deregulation.

To learn more about joining the Research Group: www.newyorkfed.org/careers/phd.html.

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