Banking, Financial Economics, and Macroeconomics.

Ryuichiro Izumi studies the causes of financial fragility and fragility-enhancing economic mechanisms. Much of his work focuses on developing banking models to explore how government policy can promote - or may inadvertently undermine - financial stability, aiming to inform a policy debate about appropriate changes to policy and regulation.

Selected work:

• "Opacity: Insurance and Fragility," Review of Economic Dynamics, Vol. 40, p.p. 146-169, 2021
• "Financial Stability with Sovereign Debts," Journal of Financial Stability, Vol. 51, 2020
• "Financial Stability with Fire Sale Externalities," with Y. Li, WP, 2021

Ryuichiro Izumi earned his Ph.D. in economics from Rutgers University and his BA in economics from Keio University in Japan. During his undergraduate studies, he spent one year at Sciences Po Paris as an exchange undergraduate student. He has working experience at the Japanese Financial Services Agency (financial regulator) and the International Monetary Fund.