Markus Brunnermeier is the Edwards S. Sanford Professor at Princeton University and director of Princeton's Bendheim Center for Finance. He is a Sloan Research Fellow, Fellow of the Econometric Society, Guggenheim Fellow, Vice President of the American Finance Association and non-resident fellow at Peterson Institute for International Economics. He has served on the advisory boards of the IMF, the Federal Reserve of New York, the European Systemic Risk Board, the Bundesbank, and the US Congressional Budget Office. His research focuses on international financial markets and the macroeconomy with special emphasis on bubbles, liquidity, financial, and monetary price stability.