Speculative manias driven by the few do not end inside abstract financial markets; they end in the quiet destruction of the ordinary lives of the many.

About

My name is Brendan Laliberte. I hold an M.S. in Finance from Cornell University, where I specialized in empirical banking research. I most recently worked for the Federal Reserve Bank of Philadelphia's Securities Evaluation Services Team. I studied the latest round of proposed bank capital regulations, Basel III Endgame, with special focus on the framework for how banks apply risk weights to their securitization exposures.

I have several years of monetary policy and applied microeconomic research experience within the Federal Reserve System, supporting economists in the Banking and Financial Markets group at the Federal Reserve Bank of Kansas City and the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis.

Research Interests

My work emphasizes how institutional design and legal frameworks influence risk-taking and market discipline. Some proxy for human welfare tends to be the central outcome variable in my ideas.

For instance, my thesis examines how equity and debt markets price risk at banks and nonbank financial institutions around benchmark interest rate surprises, with implications for moral hazard and monetary policy transmission.