Center for Financial Frictions (FRIC)


Center leader:

Professor David Lando


2012 - 2022

Application round:

7th Round

Host institution(s)

Copenhagen Business School


80.0M DKK

Financial frictions are costs or impediments to financial transactions due to, for example, varying ease by which financial assets are traded (their liquidity), transactions costs, borrowing constraints, credit risk, capital requirements for financial institutions, and asymmetric information among market participants.

The center will analyze theoretically and empirically the impact of financial frictions on the prices of financial assets, on economic development and on the design and regulation of financial markets.

Annual highlights

Highlights 2020

Highlights 2019

Highlights 2018

Latest news

DNRF publication highlights research’s usefulness to society from a new perspective

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Lasse Heje Pedersen from FRIC is awarded the Ross Prize

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Other November News in Brief

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