Mark D.Flood did his undergraduate work at Indiana University in Bloomington, where he majored in finance (BS, 1982), and German and economics (BA, 1983). In 1990, he earned his PhD in finance from the Graduate School of Business at the University of North Carolina at Chapel Hill. He has taught finance and business at universities in the US and Canada, and worked as a financial economist on issues of regulatory policy and risk management at the Federal Reserve Bank of St Louis, the Office of Thrift Supervision, the Federal Housing Finance Board, and the Federal Housing Finance Agency. He was a founding member of the Committee to Establish a National Institute of Finance. He is currently a Research Principal in the Treasury’s Office of Financial Research. His research has appeared in a number of scholarly journals, including the Review of Financial Studies, the Annual Review of Financial Economics, Quantitative Finance, the Journal of International Money and Finance, the Federal Reserve Bank of St Louis Review, and in the two-volume Handbook of Financial Data and Risk Information.