Susan Lund is Director of Research at the McKinsey Global Institute (MGI), McKinsey & Company’s business and economics research arm, and is based in Washington, DC. Her recent research has focused on the global financial and economic crisis, and debt and deleveraging. Prior research has examined how the rise of hedge funds, private equity, petrodollars and Asian central banks is shaping financial markets, assessed the sustainability of the US current account deficit, and analysed the performance of national financial systems around the world, including those in China and India. Lund also leads research for an annual report on the state of the world’s capital markets.