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Board of Governors of the Federal Reserve System
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International Finance 

The Division of International Finance is responsible for basic research, policy analysis, and reporting in the areas of foreign economic activity, U.S. external trade and capital flows, and developments in international financial markets and institutions. Research responsibilities are shared by staff economists in the seven sections listed below as well as by the officers in the Program Direction group.

Global Capital Markets

The Global Capital Markets section provides reporting and analysis of developments, structure, and possible risks in international financial markets, with a particular focus on markets for private capital and related financial instruments such as corporate bonds and equities, credit derivatives, mortgage finance, and commodities futures in both industrial and emerging market economies. The section also conducts longer-range research projects, most often on topics pertinent to international financial markets.

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Last update: January 26, 2015