Douglas Gale is Silver Professor and Professor of Economics at New York University, where he has also served as chairman of the Department of Economics. He has taught at the University of Cambridge, where he obtained his PhD, and at the London School of Economics, the University of Pennsylvania and MIT. He was made a Fellow of the Econometric Society in 1987, was an Extraordinary Fellow of Churchill College, Cambridge from 2003-06, and is currently a Senior Fellow of the Financial Institutions Center at the Wharton School and a Research Associate of the Financial Markets Group at the LSE. He has served on the editorial boards of Econometrica, Economic Theory, Journal of Economic Theory, Journal of Mathematical Economics, Macroeconomic Dynamics, Research in Economics, Games and Economic Behavior and Review of Economic Studies and is currently a co-editor of the International Journal of Central Banking. His research interests include the strategic foundations of general equilibrium; money and banking; experimental economics and theories of bounded rationality. He is the author of several books and a large number of articles on economic theory and financial economics, which have appeared in leading journals.