Update: my article on adverse selection in corporate loan markets, coauthored with Cesare Fracassi and Gregory Weitzner is now forthcoming at the Journal of Finance. Link to paper

Welcome to my personal website.

I am Mehdi Beyhaghi (pronounced "Meh-dee Bay-ha-ghi"), a Principal Economist at the Board of Governors of the Federal Reserve System, the United States' central bank, with a career dedicated to advancing sound financial policy through rigorous research and regulatory analysis.

My work focuses on evaluating major banking regulations, including recent contributions to the Basel III Endgame, enhanced liquidity requirements, long-term debt mandates, and efforts to improve the stability of capital buffers. I lead cross-functional teams to assess the macroprudential and institutional implications of these reforms, ensuring alignment between supervisory objectives and financial system resilience.

Prior to joining the Board, I was a Senior Economist at the Federal Reserve Bank of Richmond, where I played a key role in the Large Institution Supervision Coordinating Committee (LISCC), leading capital policy reviews and stress testing for the largest U.S. banks. I began my career in academia, teaching graduate and undergraduate courses in financial economics and conducting research at the intersection of banking, corporate finance, and financial stability.

My research is published in leading journals including the Journal of Finance, Review of Financial Studies, Review of Finance, and Management Science. It has informed regulatory debates and been recognized by awards such as the Financial Management Association’s Best Paper in Risk Management and the Society for Financial Studies’ Rising Scholar Award.

With a background that bridges academic rigor and policy leadership, I am committed to shaping the future of financial regulation and central banking in an increasingly complex global environment.

Please explore the site to learn more about my research, teaching, and policy work.