Adam Ashcraft joined the Risk Group of the Federal Reserve Bank of New York (FRBNY) in June 2009. In his current position, he manages a team responsible for measuring, mitigating, and reporting on the credit risk associated with actual and potential extensions of credit by the Bank. His team is working on developing the data, infrastructure, and analytics necessary for the System to have real-time views of credit risk independent of credit ratings.
Before joining the Risk Group, he was actively involved in the design and implementation of the Term Asset-Backed Securities Liquidity Facility (TALF). Adam joined the bank as a Research Economist in June 2001 after earning a PhD in Economics from the Massachusetts Institute of Economics. Over his career, he has published academic papers and served as a referee for the top economics and banking journals. His personal research has focused on impact of banks on the real economy and the impact of regulation on bank behavior.