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Dr. Ghayad has extensive experience advising governments and other sovereign entities on complex financial and economic matters, including debt restructuring and fiscal and monetary policy issues. He is also an expert in regulatory compliance, focusing on anti-money laundering (AML), sanctions, fraud, anti-bribery and corruption (ABC), and related areas.

Dr. Ghayad assists clients in regulatory and enforcement matters, with a particular emphasis on technology, analytics and machine learning, suspicious activity monitoring, risk assessments, and reducing high risk in areas such as digital assets and correspondent banking. He has assisted corporations, the US Department of Justice, and the Securities and Exchange Commission in developing economic and financial analyses in a variety of high-profile investigations involving false claims, Ponzi schemes, financial market fraud, and shams. He has also worked on securities class actions requiring econometric damages analysis and valuation disputes, as well as conducted statistical and damages analyses related to alleged discrimination in hiring, promotion, pay, and contracting.

Before joining Brattle, Dr. Ghayad was an economic advisor at the International Monetary Fund. There, he advised countries on a broad range of macroeconomic and financial issues, from the comprehensive surveillance review and sovereign debt defaults to institutional modernization initiatives, including the Fund’s overall response to COVID-19.

Previously, Dr. Ghayad was an economic consultant with the Brookings Institution, the Federal Reserve Bank of Boston, and MIT’s Institute for Work and Employment Research. He worked closely with the Obama administration to implement policies and regulations that would reduce long-term unemployment. He has been retained to provide expert advice on labor market reforms to numerous governments, including France, the UK, Kuwait, and Qatar.

Publications
Article
Sovereign Debt Challenges Ahead
May 2021
Published by Bloomberg Law
Article
The Interaction of Managerial and Tax Transfer Pricing
January 21, 2016
Published in Bloomberg BNA Tax Management Transfer Pricing Report

The authors examine the differences between transfer prices used for tax and for management purposes, emphasizing the need to explain the differences to tax authorities who may question the company’s motives.

News & Events
May 14, 2021
Dr. Rand Ghayad Examines the Rise in Sovereign Debt Challenges in the Wake of the Pandemic

As sovereign debt levels have increased, the types of creditors have also expanded, bringing a complex set of issues for restructurings. Dr. Rand Ghayad addresses the growing challenges in a recent Bloomberg Law article, “Sovereign Debt Challenges Ahead.”

October 15, 2015
Rand Ghayad Co-Authors a Book Chapter in Transforming U.S. Workforce Development Policies for the 21st Century

Brattle associate Rand Ghayad recently contributed a chapter on long-term unemployment (LTU) as part of the newly released book, Transforming U.S. Workforce Development Policies for the 21st Century.

July 29, 2015
Michael Cragg and Rand Ghayad Publish a Research Paper in The Economists’ Voice Journal on Tax Policy and Economic Inequality

Brattle principal Michael Cragg and associate Rand Ghayad recently co-authored a research paper in The Economists’ Voice Journal, “Growing Apart: The Evolution of Income vs. Wealth Inequality,” addressing the negative impact of tax inequality on the economy and society.

May 28, 2015
Brattle Economists Author Law360 Article on the Use of Big Data in Financial Investigations

Brattle principals Paul Hinton and Mark Sarro, associate Rand Ghayad, and Kevin Rosenberg of Lowenstein & Weatherwax recently co-authored an article on Law360, “Big Data’s Big Impact In Financial Investigations,” which describes the challenges in detecting trade-based money laundering (TBML) for financial institutions, other businesses, and law enforcement.

August 25, 2014
Associate Rand Ghayad Authors Article on the Dodd-Frank Act and Long-Term Unemployment for The Huffington Post

An article written by Brattle associate Rand Ghayad, “The Employment Puzzle: Should Dodd and Frank Be Blamed?” was recently featured in The Huffington Post.

Personal Interests

Rand participates in a variety of pro bono policy work at the state and regional levels. He is currently on the boards of the International Foundation of Women’s Empowerment and the American Foundation for Educational Excellence.

Additionally, he is an Adjunct Professor at Harvard University. Rand takes an active interest in studying discrimination in labor markets. Recently, he has focused his research on the sharp increase in long-term unemployment during and after the Great Recession.