Mark Carey

Mark Carey is Senior Adviser in the Division of International Finance at the Federal Reserve Board in Washington, DC.  He is also co-director of the National Bureau of Economic Research’s Risks of Financial Institutions Working Group, which is a mixed group of academics and financial professionals that focuses on risk management at financial firms.  Much of his recent work has been on risk-taking incentives associated with employee compensation practices in the financial services industry and on issues related to systemic risk.  Earlier, he was a founding-father of Basel 2.  Though Dr. Carey is a research economist, he has frequently worked closely with bank examiners.  He has written a lot of technical papers about credit risk and also about corporate debt and corporate finance.  His Ph.D in economics is from Berkeley and his undergraduate degree in economics is from Oberlin College.