The Federal Reserve Board employs over 300 Ph.D. economists, who represent an exceptionally diverse range of interests and specific areas of expertise. Board economists conduct cutting edge research, produce numerous working papers, and are among the leading contributors at professional meetings and in major journals. Our economists also produce a wide variety of economic analyses and forecasts for the Board of Governors and the Federal Open Market Committee.

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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.

International Financial Stability

The International Financial Stability section's main purpose is to identify and analyze risks to financial stability that originate outside the United States, to analyze potential policy responses to such risks by U.S. and foreign policymakers, and to analyze linkages between financial stability risks and economic activity abroad and in the United States. Section members assist the Board and other staff in pursuing financial stability and prepare research and analysis on various related topics. Section activities will largely be done in cooperation with other sections within the International Finance Division and other Board and external entities.

Photo of Juan Carlos Gozzi
Juan Carlos Gozzi Economic Project Manager International Financial Stability
International Finance

Image of Board Seal
Seung Jung Lee Chief International Financial Stability
International Finance

Photo of Sai Ma
Sai Ma Economist International Financial Stability
International Finance
Photo of Enrico Mallucci
Enrico Mallucci Senior Economist International Financial Stability
International Finance

Photo of Bo Sun
Bo Sun Principal Economist International Financial Stability
International Finance
Last update: July 27, 2021