Center for Financial Frictions (FRIC)

Information

Center leader:

Professor David Lando

Period:

2012 - 2022

Application round:

7th Round

Host institution:

Copenhagen Business School

Grant:

80.0 mil. 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.

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