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Ryan Leary, PhD

 

Principal

Hong Kong, Singapore, Thailand

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Dr. Leary is an economist with over a decade of experience specializing in damages analysis, valuation, corporate finance, financial economics, financial markets, international finance, cryptocurrency, alternative investments, accounting, and econometrics.

He was previously an expert at The Brattle Group, with experience spanning international arbitrations (ICSID, ICDR), U.S. securities litigation, FINRA arbitrations, and consulting engagements. Prior to joining The Brattle Group, Dr. Leary held positions at the Federal Reserve Board of Governors and the Congressional Budget Office, where he developed models predicting capital shortfalls in the U.S. banking system and the economic impact of financial market stress. Dr. Leary also taught courses on economics and economic statistics at the University of North Carolina at Chapel Hill.

Dr. Leary's consulting services have included the estimation of damages caused by breach of contract in international arbitrations, fraud in UK and U.S. litigation, and breach of bilateral treaties in investor-state arbitrations. He has also conducted valuations of companies, thinly traded securities, and other assets; causation analyses of cryptocurrency trades; market structure analyses of various securities and digital assets; and event studies of various securities with non-standard considerations. Dr. Leary has led teams of up to twenty or more consultants across every stage of litigation, arbitration, mediation, and regulatory investigations. His work has covered a variety of industries, including financial services, manufacturing, technology, digital assets, and oil and gas.

Dr. Leary conducts ongoing research in finance and international economics using statistical techniques such as regression analysis and event studies to determine how contractual features, market infrastructure, institutional arrangements, and market risks are reflected in asset prices, investor behavior, and economic activity. His work has been published in leading outlets, including the National Bureau of Economic Research, the International Monetary Fund Economic Review, the Journal of Alternative Investments, the National Tax Journal, and the Oxford University Press. 

 

Publications 

ARTICLE

How China Became the First Middle-Income Tech Superpower

London School of  Economics Business Review

January 2026

ACADEMIC ARTICLE

Local Municipal Market Concentration: The Case of Puerto Rico and the Federal Estate Tax

National Tax Journal

December 2024

ACADEMIC ARTICLE

The Transmission of Quasi-Sovereign Default Risk: Evidence from Puerto Rico

International Monetary Fund Economic Review

February 2024

The University of North Carolina at Chapel Hill

PhD in Economics

EDUCATION

Leary Economics

Principal

The Brattle Group

Associate, Senior Associate


The Federal Reserve Board of Governors

Dissertation Fellow

The Congressional Budget Office

Summer Associate


O’Connor & Drew P.C.

Experienced Staff Accountant

PROFESSIONAL EXPERIENCE

The University of North Carolina at Chapel Hill

Economic Statistics

Principles of Economics

TEACHING EXPERIENCE

Pub & News Anchor
Bio
Engagements


Top-tier economics—independent, efficient, and close at hand.

With Leary Economics, clients work directly with a PhD economist with a strong record of academic publications and years of litigation experience. By combining advanced analytical methods and modern technology within a lean, independent structure, I deliver high-quality economic analysis efficiently—supported by an active local presence and the flexibility to collaborate with other firms.

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