Center for Financial Frictions

Center for Financial Frictions (FRIC) is a Center of Excellence established by the Danish National Research Foundation. FRIC investigates the impact of financial frictions on the prices of financial assets, on economic development and on the design and regulation of financial markets

FRIC updates

AQR Top Finance Graduate Award winners 2020 announced - join our online event on September 21, 2020
AQR Top Finance grad award winners 2020
Christian Wagner, associate member of the FRIC Center, has won a Journal of Finance Dimensional Fund Advisors Prize 2019 for the paper What Is the Expected Return on a Stock? which he co-authored with Ian W. R. Martin
Christian Wagner, associate FRIC member
Sign up for our mailing list here and receive information about our upcoming events
FRIC join our mailing list 2
Professor Lasse Heje Pedersen is once again featured on the Highly Cited Researchers list 2019 - for the fifth time in a row
Lasse Heje Pedersen in Videnskabernes Selskab

The Center for Financial Frictions (FRIC) is a Center of Excellence funded by the Danish National Research Foundation.

The FRIC Center carries out theoretical and empirical analyses of the impact of financial frictions on the prices of financial assets, on economic development and on the design and regulation of financial markets.

FRIC investigates financial frictions, which are costs or impediments to financial transactions. Financial frictions occur for instance as a result of the varying ease by which financial assets are traded (their liquidity), the transactions costs, borrowing constraints, credit risk, capital requirements for financial institutions, and asymmetric information among market participants.

Through a theoretical and empirical approach, the FRIC center analyzes the impact of financial frictions on the prices of financial assets, on economic development and on the design and regulation of financial markets.

If you wish to learn more about FRIC, we invite you to take a look around our website.

You can find FRIC activities, including upcoming conferences, seminars, practitioner seminars and workshops under FRIC events

FRIC VIDEOS
We have made 4 videos in which Center Director David Lando explains about Frictions, Liquidity, American call options and Capital demands for banks (in Danish). These videos were produced in connection with the FRIC Center's participation in the Science in the City Festival 2014 and you can find the videos, if you visit Public Outreach here.

The page was last edited by: Center for Financial Frictions // 08/17/2020

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Contact

Center for Financial Frictions (FRIC)
Copenhagen Business School
Solbjerg Plads 3
2000 Frederiksberg
Email: fric@cbs.dk