ERC starting grant to Center for Financial Frictions (FRIC)

Professor Lasse Heje Pedersen has received a grant from ERC. The purpose of his project is to study the possibility of controlling risk-taking and price fixing of shares and bonds. In popular terms, the project is about studying what happens when the financial markets experience grit in the machinery and how to handle the problems that arise when the markets fail to develop as intended. Naturally, the research is of great interest at the moment due to the financial crisis.