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Financial Frictions and Systemic Risk

This project supports research on the interplay between financial market institutions, financial frictions, and systemic financial risk. Particular issues of interest include: funding structures and capital market frictions, operational and financial linkages across markets, financial stability, and the determinants, detection, and remediation of systemic risk. The initiative encourages interaction between researchers, policy-makers, practitioners, and regulators, with the goal of identifying and addressing research questions that are particularly important for public policy.

Investigators

[画像:Wenxin_Du]
Wenxin Du, Principal Investigator

Wenxin Du is a professor of finance, and the Sylvan C. Coleman Professor of Financial Management, at the Harvard Business School. Her research interests include global currency and fixed income markets, central banking, financial regulations, and emerging market finance.

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Alp Simsek, Co-Principal Investigator

Alp Simsek is a Professor of Finance at the Yale School of Management. His research focuses on the interactions between macroeconomics and finance with particular attention to the role of financial crises.

[画像:Chester Spatt ]
Chester S. Spatt, Co-Principal Investigator

Chester S. Spatt is the Pamela R. and Kenneth B. Dunn Professor of Finance at the Tepper School of Business at Carnegie Mellon University. His research ranges widely in financial economics, including market microstructure, taxation and financial markets, and financial regulation.

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Mao Ye, Co-Principal Investigator

Mao Ye is an Associate Professor of Finance at the Johnson Graduate School of Management at Cornell University. His research focuses on market microstructure, machine learning, and big data.

Supported by the Office of Financial Research through an interagency agreement with the National Science Foundation grants #2312331 and #2434235 and the Office of Financial Research through a subcontract with the National Science Foundation grant #2434235

More from the NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on Entrepreneurship — as well as online conference reports, video lectures, and interviews.

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Supported by the Alfred P. Sloan Foundation grant #G-2023-19633, the Lynde and Harry Bradley Foundation grant #20251294...

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