Center for Financial Frictions
FRIC Research
FRIC Research
FRIC's research area included theoretical as well as empirical approaches to financial frictions and covered a number of different research areas.
For more information about FRIC members and their ongoing research and publications, please see the individual center members' profiles by clicking 'Staff' in the menu to the left or via the quick link above.
For a list of all FRIC publications, please see 'Publications' in the menu to the left or via the quick link above.
FRIC also arranged Internal Research Lunch Seminars, where FRIC members presented their newest and ongoing research to the rest of the center members.
You can see the list of presenters and titles of talks below.
FRIC Research Lunch Seminar 2022
| DATE | SPEAKER |
|---|---|
| March 17-18, 2022 |
FRIC Research Retreat |
FRIC Research Lunch Seminar 2021
| DATE | SPEAKER |
|---|---|
| March 8, 2021 |
Fabrice Tourre |
| April 27, 2020 |
Lasse Heje Pedersen |
| April 10, 2021 |
Fabrice Tourre |
| May 10, 2021 | Thomas Geelen Lending Relationships, Optimal Leverage, and Debt Maturity |
| May 25, 2021 | Kristian Miltersen Debt Ratchet Effect with a Combination of Secured and Unsecured Debt |
| June 3, 2021 | FRIC Research Retreat (online) |
| June 7, 2021 | David Lando |
FRIC Research Lunch Seminar 2020
| DATE | SPEAKER |
|---|---|
| April 20, 2020 |
Thomas Geelen (joint with Brendan Daley and Brett Green) |
| March 16, 2021 |
Lasse Heje Pedersen (joint work with Bryan Kelly and Semyon Malamud) |
| May 19, 2020 |
Fabrice Tourre |
| June 11, 2020 | Peter Feldhutter Corporate bond coupons and credit spreads |
| June 15, 2020 |
Peter Norman Sørensen (joint work with Stephen Schaefer, London Business School) |
| October 19, 2020 | Søren Bundgaard Brøgger Trading-at-Settlement |
| November 2, 2020 | Paul Whelan The Overnight Drift |
| November 16, 2020 | Ramona Westermann |
| November 30, 2020 | Jens Dick-Nielsen The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts |
| December 8, 2020 |
PhD Introductory Seminars 2020 Kristoffer Halskov |
| December 14, 2020 | Daniel Streitz Credit Supply and (In)organic Growth |
FRIC Research Lunch Seminar 2019
| DATE | SPEAKER |
|---|---|
| March 13, 2019 |
Finance PhD Day 2019 Theis Ingerslev Jensen Lars Christian Larsen Andreas Brøgger |
| April 29-30, 2019 |
FRIC Research Retreat David Lando Arndt-Gerrit Kund, University of Cologne Peter Norman Sørensen Lasse Heje Pedersen Paul Hanouna Fabrice Tourre Thomas Kjær Poulsen Daniel Streitz Ramona Westermann, Jens Dick-Nielsen, Kristian Miltersen Peter Feldhütter |
| September 23, 2019 | Thomas Geelen Debt Runs, Liquidity, and Policy Uncertainty |
| October 7, 2019 | Ramona Westermann Inverse risk shifting in financial (not economic) distress |
| October 28, 2019 | Jens Dick-Nielsen The Cost of Capital for Banks (joint with Jacob Gyntelberg and Christoffer Thimsen) |
| November 18, 2019 | Jens Dick-Nielsen and Kristian Miltersen Maturity of Risky Corporate Debt: a theory of how to determine it optimally and empirical evidence |
| December 9, 2019 | Paul Whelan Foreign Exchange Fixings and Returns Around the Clock (joint with Ingomar Krohn and Philippe Mueller) |
FRIC Research Lunch Seminar 2018
| Date | Speaker |
|---|---|
| March 5, 2018 | Lasse Heje Pedersen Active vs. Passive Investment |
| April 9, 2018 |
Christian Wagner Low Risk Anomalies? |
| April 23, 2018 | Peter Norman Sørensen Testing for Salience Effects in Choices under Risk (Joint work with Carsten S. Nielsen and Alexander C. Sebald) |
| May 7, 2018 | Gyuri Venter Margin constraints and informational efficiency |
| June 11, 2018 | Peter Feldhütter Testing Theories of the Bid-Ask Spread: Evidence from the Corporate Bond Market (joint with Thomas Kjær Poulsen) |
| October 22, 2018 | Fabrice Tourre Mortgage Prepayment and the Path Dependence of Monetary Policy |
| November 5, 2018 | Paul Whelan FX Premia Around the Clock |
| November 26, 2018 | Thomas Geelen Debt, Innovation, and Industry Dynamics |
| Date | Speaker |
|---|---|
| February 27, 2017 | PhD Seminar Day Ben Knox Søren Bundgaard Brøgger Jakob Sørensen |
| March 13, 2017 | FRIC Research Lunch with Peter Ove Christensen Capital Requirements and the Cost of Bank Capital |
| March 23, 2017 | PhD Seminar Day Andreas Bang Nielsen Stine Louise Daetz Christian Skov Jensen Pia Mølgaard Thomas Kjær Poulsen Niels Joachim Gormsen |
| March 27, 2017 | FRIC Research lunch with Paul Whelan Central Bank Communication and the Yield Curve |
| April 27, 2017 |
FRIC Research Retreat Peter Norman Sørensen: The Financial Transactions Tax in Markets with Adverse Selection |
| June 19, 2017 | FRIC Research Lunch with Ramona Westermann Strategic and Liquidity Defaults |
| November 14, 2017 | FRIC Research Lunch with Jens Dick-Nielsen Empirical evidence on bank funding costs and the role of equity |
| November 27, 2017 | FRIC Research Lunch with Kristian Miltersen and Mads Stenbo Nielsen Priority Rules of Corporate Debt: Theoretical Predictions and Empirical Evidence |
| December 5, 2017 | FRIC Research Lunch with Daniel Streitz Cutting Out the Middleman – The ECB as Corporate Bond Investor |
| DATE | SPEAKER |
| February 29, 2016 | FRIC PhD Seminar with Thomas Kjær Poulsen Shareholder Advantages and the Puzzles of Idiosyncratic Volatility and Financial Distress |
| April 4, 2016 | FRIC Research Lunch with Björn Imbierowicz Why do Firms risk Everything for Nothing? - A Tale of Moral Hazard |
| April 25, 2016 | FRIC PhD Seminar with Mads Vestergaard Jensen Early Option Exercise Predicts Stock Returns |
| May 2, 2016 | FRIC Research Lunch with Kristian Miltersen and Ramona Westermann Dividend taxation and corporate cash holdings |
| September 22, 2016 | FRIC Research lunch with Davide Tomio The liquidity consequences of arbitrage |
| October 10, 2016 | FRIC Research Lunch with Sven Klingler Hedge Fund Funding Risk |
| October 24, 2016 | FRIC Research Lunch with David Lando Safe Haven CDS premiums |
| December 12, 2016 | FRIC PhD Seminar with Davide Tomio Arbitraging Liquidity |
| December 14, 2016 | FRIC PhD Seminar with Sven Klingler High Funding Risk, Low Return |
| DATE | TYPE | SPEAKER | TITLE |
| February 23, 2015 | Internal Research Lunch | Lasse Heje Pedersen | Efficiently Inefficient Markets for Assets and Asset Management |
| June 1, 2015 | Internal Research Lunch | Rémy Praz | Asset Price Dynamics with Limited Attention |
| September 7, 2015 | FRIC PhD seminar | Mikael Reimer Jensen | Bank Liquidity and the Interbank Market |
| September 28, 2015 | Internal Research Lunch | Gyuri Venter | Frictions and informational efficiency |
| October 19, 2015 | Internal Research Lunch | Christian Wagner | Does Central Bank Tone Move Asset Prices? |
| October 26, 2015 | FRIC PhD seminar | Stine Louise Daetz | Liquidity Transmission Down the Line: ECB Liquidity Injections and Corporate Liquidity |
| November 3, 2015 | FRIC PhD seminar | Christian Skov Jensen | Generalized Recovery Theorem |
| November 10, 2015 | FRIC PhD seminar | Andreas Bang Nielsen | Crowded Carry Trades |
| November 30, 2015 | FRIC PhD seminar | Pia Mølgaard | Does Collateral Management Matter? |
| December 8, 2015 | FRIC PhD seminar | Sven Klingler | The Demand for Arbitrage Capital |
| December 14, 2015 | FRIC PhD Closing Seminar | Søren Korsgaard | Collateralized lending and central bank collateral policy |
| DATE | SPEAKER | TITLE |
| January 13, 2014 | Cathrine Jessen, Assistant professor FRIC | Distance to default as default predictor |
| February 5, 2014 | Sven Klingler, PhD FRIC |
Credit Risk in Sovereign Bonds and CDS - A Puzzling Relationship
|
| March 3, 2014 | Christian Wagner, Associate Professor FRIC | Credit Momentum |
| March 24, 2014 | Mads Stenbo Nielsen, Associate Professor FRIC | Market Timing when Tracking Error Matters |
| April 7, 2014 | Andreas Bang Nielsen, PhD FRIC |
The Influence of Interacting Intensities and FX-risk on Sovereign CDS-premia |
| April 22, 2014 | Mamdouh Medhat, PhD FRIC | Illiquidity Hedging and Distressed Equity |
| May 5, 2014 | Mads Vestergaard Jensen, PhD FRIC | Early Option Exercise – Never Say Never |
| May 19, 2014 | Agatha Murgoci, Assistant professor FRIC | Policy Uncertainty and Market Leverage |
| June 10, 2014 | Peter N. Sørensen, Visiting professor FRIC | Loan Approval and Information Manipulation |
| September 8, 2014 | Stine Louise Daetz, PhD FRIC | Refinancing Risk and Underwriter Relation |
| September 22, 2014 | Jens Dick-Nielsen, Associate professor FRIC | Covenant Arbitrage: Bondholder Activism by Hedge Funds |
| October 6, 2014 | Niels Joachim Gormsen, PhD FRIC | Betting Against Loadings |
| October 20, 2014 | David Lando, Center Director FRIC | On Funding Value Adjustments |
| November 3, 2014 | Christian Skov Jensen, PhD FRIC | Learning natural probabilities from current option prices |
| November 18, 2014 | Andreas Park, Professor FRIC | Do Retail Traders benefit from Improvements in Liquidity? |
| December 2, 2014 | Søren Korsgaard, PhD FRIC | Central Bank Collateral Policy |
| December 15, 2014 | Katya Malinova, Associate professor FRIC | Dark Trading, Trade-at Rules, and HFT |
| DATE | SPEAKER | TITLE |
| September 3, 2013 | David Lando, Center Director FRIC | On covered interest rate parity |
| September 16, 2013 | Mario Bersem, Assistant Professor FRIC | Debt Contracts |
| October 7, 2013 | Jens Dick-Nielsen. Associate Professor FRIC | Convertible bond underpricing: Market Segmentation |
| October 21, 2013 | Kristian Miltersen, Professor FRIC | Priority Structures and the Interaction between Dynamic Financing and Investments |
| November 4, 2013 | Søren Korsgaard and Mikael Reimer Jensen, PhDs FRIC | The Money Market During a Great Crisis |
| November 18, 2013 | Ramona Westermann, Assistant Professor FRIC | The impact of debt illiquidity on renegotiation |
| December 4, 2013 | Gyuri Venter, Assistant Professor FRIC | International Liquidity CAPM |
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Contact
Center for Financial Frictions (FRIC)
Copenhagen Business School
Solbjerg Plads 3
2000 Frederiksberg
Email: fric@cbs.dk