Martin Brown is Director of the Study Center Gerzensee and a Professor of Financial Economics at the University of St.Gallen (adjunct). He is also a research associate at ZEW Leibniz Centre for European Economic Research. He holds a doctoral degree in economics from the University of Zürich. Prior to joining the Study Center, he was a Professor of Banking at the University of St.Gallen, an Associate Professor of Finance at Tilburg University, a Senior Economist at the Swiss National Bank, and a Program Director for financial sector development and small business promotion. His current research focusses on financial intermediation and household finance.