The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Fields of interest Treasury securities, Contingent claims, Corporate securities, Fixed income portfolio management
Kenneth Garbade is the author of Discretionary Control of Aggregate Economic Activity (Lexington Books, 1975), Securities Markets (McGraw Hill, 1982), Fixed Income Analytics (MIT Press, 1996), and Pricing Corporate Securities as Contingent Claims (MIT Press, 2001), as well as articles in scholarly journals. He graduated from the California Institute of Technology in 1968 with a Bachelor of Science in physics and history and from Princeton University in 1975 with a Ph.D. in economics. He was formerly on the faculty of the Graduate School of Business Administration, New York University and an officer of Bankers Trust Company.