TheEconomists
Office of Financial Stability Policy and Research
The Office of Financial Stability Policy and Research is responsible for coordinating and supporting the Board's work on financial stability. In conjunction with other Board divisions, the office identifies and analyzes potential threats to financial stability; monitors financial markets, institutions, and structures; and assesses and recommends policy alternatives to address these threats. In addition, the office fosters broader understanding of financial stability issues by undertaking longer term research, primarily in banking, finance, and macroeconomics.
By Section All Sections
- Financial and Macroeconomic Stability Studies
- Financial Stability Assessment
- Macroprudential Policy Analysis
Financial Stability Assessment
The Financial Stability Assessment section is primarily responsible for analysis and research aimed at understanding how financial stability is affected by the propagation of shocks through financial institutions and markets and how such shocks can threaten the provision of credit and other financial services. This includes an assessment of the systemic risk arising from financial markets and institutions and from the emergence of new products; studying financial market functioning and the interconnectedness of financial institutions; and understanding the roles of leverage and maturity transformation. Section members work with economists and professionals from other Divisions at the Board and Reserve Banks, and are expected to contribute to multi-division and multi-agency efforts to assess the risks posed by particular developments.

Daniel O. Beltran
Senior Economist
Financial Stability Assessment
Office of Financial Stability Policy and Research

Cecilia R. Caglio
Economist
Financial Stability Assessment
Office of Financial Stability Policy and Research

Sirio Aramonte
Economist
Financial Stability Assessment
Office of Financial Stability Policy and Research

John W. Schindler
Chief
Financial Stability Assessment
Office of Financial Stability Policy and Research
