Philip E. Strahan holds the John L. Collins, S.J. Chair in Finance at the Carroll School of Management at Boston College. He is also a faculty research fellow at the National Bureau of Economic Research and a fellow at the Wharton Financial Institutions Center. Previously, Strahan spent seven years in the Research and Market Analysis Group of the Federal Reserve Bank of New York. His research interests include the structure, efficiency, and risk-management practices of the financial services industry. He received a PhD in economics from the University of Chicago and a BA in economics from Amherst College.