Laura Kodres is Division Chief for the Global Financial Stability Division in the Monetary and Capital Markets Department. She oversees the analytical chapters of the Global Financial Stability Report and works on a range of financial sector policy issues. Since joining the Fund in 1994 from the U.S. Federal Reserve Board, she has worked on multilateral economic issues and several countries in Europe, both advanced and low income. Her research focuses on contagion, macrofinancial linkages, and methods to measure and mitigate systemic risks.