Samim Ghamami

New York State Insurance Fund

Samim Ghamami is the chief economist at the New York State Insurance Fund, overseeing and leading economics, investment, and markets research. Prior to joining NYSIF, Ghamami worked at the U.S. Securities and Exchange Commission with the SEC Chair and leadership team as a senior economist on the reform of the U.S. Treasury market and other capital market initiatives. He is a recipient of the SEC Chair’s Award for Excellence. Ghamami is also an adjunct professor of finance at NYU and a member of the Economic Club of New York and the Bretton Woods Committee.

Ghamami has been a senior economist and strategist at Goldman Sachs and Millennium Management. He has also been an adjunct professor of economics at Columbia University and UC Berkeley, an associate director and a senior economist at the U.S. Department of the Treasury, and an economist at the Federal Reserve Board. Ghamami’s work has broadly focused on the interplay of macroeconomics and finance. His publications have appeared in top academic and practitioner journals. He has been an advisor to the Bank for International Settlements and the Financial Stability Board on consequential post-global financial crisis market reforms. His work has been featured on CNBC and in the Financial Times, it has also been discussed at central banks and international financial institutions. Ghamami received his Ph.D. in Finance and Operations Research from the University of Southern California in 2009. He holds a Master of Science from the University of Tehran and a Bachelor of Science from the Iran University of Science and Technology in Operations Research.

Articles by Samim Ghamami

Journal of Financial Market Infrastructures

Original research

Skin in the game: risk analysis of central counterparties

This paper proposes a novel framework to design the capital contribution of a central counterparty (CCP) to its default waterfall - CCP "skin in the game".

07 May 2025

Comment

The unintended impact of swap stays on financial stability

As swaps leverage shrinks, bankruptcy stay rules are not guaranteed to reduce systemic risk, says economist

01 Sep 2020

Risk management

The unintended impact of collateral on financial stability

Initial margin requirements for OTC derivatives can increase risk of contagion, writes economist

31 Jul 2020

Original research

Derivatives pricing under bilateral counterparty risk

The authors consider risk-neutral valuation of a contingent claim under bilateral counterparty risk using the well-known reduced-form approach.

17 Oct 2017

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