Financial Economists
Ray Brastow
Ray Brastow is Manager and Financial Economist on our Quantitative Supervision and Research team in the Supervision, Regulation and Credit Department at the Richmond Fed. He currently serves on the Large Institution Supervision Coordinating Committee Retail Horizontal Evaluation Team where he analyzes large bank retail models, participates in model risk management examinations, and takes part in the monitoring of retail credit risks. Brastow also supports Fifth District quantitative bank examinations and serves in a variety of Federal Reserve System roles related to model risk management and quantitative supervision.
His research focuses on issues in residential real estate, including principal-agent problems in sales markets, neighborhood externalities, and mortgage performance. Before joining the Richmond Fed in 2004, Brastow taught economics at several universities. He currently is an Emeritus Professor of Economics at Longwood University.
Brastow obtained his Ph.D. in economics at the University of Washington in 1987.
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Publications
“The Effect of Regulatory Oversight on Nonbank Mortgage Subsidiaries,” (with Eliana Balla, Daniel Edgel, and Morgan Rose), 2024, Journal of Real Estate Finance and Economics, 68, pp. 523–575.