International Monetary Fund, since 2017

Financial Counsellor and Director of the Monetary and Capital Markets Department

Leadership of IMF’s work on financial sector surveillance, monetary and macroprudential policies, financial regulation, debt management, and bank restructuring

Management of the capacity building activities in IMF member countries related to the supervision and regulation of financial systems, central banks, monetary and exchange rate regimes, and sovereign debt

Federal Reserve Bank of New York, 2003-2016

Associate Director of Research (2015-16), Head of Capital Markets Research (2012-15)

Senior Vice President (2013-16), Vice President (2010-13), Assistant Vice President (2009-10), Research Officer (2008-09), Senior Economist (2006-08), Economist (2003-06)

Policy work on monetary policy, financial stability, crisis management, supervision, monetary operations

Research on monetary policy, financial stability, asset valuations, regulation

Centre for European Policy Studies, 1995-96

Research Associate

Policy advice on monetary policy and trade



Massachusetts Institute of TechnologyPh.D. Economics, 2003

London School of EconomicsMSc Econometrics and Mathematical Economics, 1998

Goethe University of FrankfurtDiplom Economics, 1995

Dauphine University of ParisMaîtrise Economics, 1995

Humboldtschule Bad HomburgAbitur, Mathematics and Literature, 1991


New York University, Stern School of Business, 2013, 2014, 2015  

Adjunct Professor, MBA, Monetary Policy, Central Banks, and Banks

Princeton University, Bendheim Center for Finance, 2006, 2011   

Visiting Lecturer, Masters in Finance, Portfolio Theory

Seoul National University, Graduate School of Business, 2007

Visiting Professor, Global MBA, Investments

Massachusetts Institute of Technology, 2000 - 2003

Teaching Assistant, Macroeconomics, Ph.D. and undergraduate, 14.462, 14.05, 14.02



Top Paper in Financial Management, 2019

American Finance Association’s Distinguished Amundi Smith Breeden Best Paper Prize, 2016

Best Referee Award, Review of Asset Pricing Studies, 2015

Research Fellow of the Institute for Monetary and Financial Stability, Goethe University, 2012

Research Fellow of the Centre for Economic Policy Research (CEPR), since 2011

Research Affiliate of the Volatility Institute (NYU), since 2008

Institute for Quantitative Investment Research Award, 2007 – 2008

WFA/CRA International Award for the Best Paper in Corporate Finance, 2007

President’s Award for Excellence of the Federal Reserve Bank of New York, 2005, 2013

Robert Solow Foundation Graduate Fellow, Massachusetts Institute of Technology, 1998 - 2000

Fellow of the German Foreign Academic Exchange Service, 1997 - 1998

Chevening Fellow of the British Foreign and Commonwealth Office, 1996 - 1997

Fellow of the Franco-German College of Higher Education, 1994 - 1995



Associate Editor, Annual Review of Financial Economics, since 2012

Associate Editor, International Journal of Central Banking, since 2016



Foundation for the Advancement of Research in Financial Economics (FARFE)

Society for Financial Econometrics (SoFiE)











CONTACT: tobiasadrian at gmail dot com