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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Fields of interest International finance, Financial crises, Linkages between financial markets and macroeconomy, Funding liquidity and market liquidity
Asani Sarkar is an Assistant Vice President at the Federal Reserve Bank of New York. He received the Western Finance Association (WFA) Pearson Award for 2011 for the best paper on Financial Institutions and Markets for his paper "Stigma in Financial Markets: Evidence from Liquidity Auctions and Discount Window Borrowing During the Crisis," (with Olivier Armantier, Eric Ghysels and Jeffrey Shrader). In the past, Dr. Sarkar has also held positions at Princeton University, Columbia University and the University of Illinois at Urbana-Champaign. He is currently working on empirical evaluations of the Federal Reserve’s liquidity provision programs, funding liquidity and market liquidity, and asset pricing. Dr. Sarkar has published numerous articles on the microstructure of equity, fixed income, and futures markets. His papers have appeared in, among others, the Journal of Finance, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Journal of Business, the Journal of Empirical Finance, the Journal of Futures Markets and the Journal of Financial Intermediation. Dr. Sarkar received his Ph.D. from the University of Pennsylvania.