Danish National Research Foundation - Centre of Excellence

The Center of Excellence (CoE) program is the primary funding mechanism and the foundation’s flagship. A center grant is large and flexible, and a center may have a lifetime of up to 10 years. Only top researchers with the most ambitious ideas will be awarded a CoE through fierce competition involving a two-stage application process. The objective of the CoE program is to strengthen Danish research by providing the best possible working conditions and organizational set-up for selected top researchers. Centers may be established within or across all fields of research.

Center for Financial Frictions (FRIC)

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

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.

The center was recently renewed for another four year and will continue until 2022.

Organization

The FRIC center is managed by Center Leader David Lando and the center currently counts 5 Professors, 2 Associate Professors, 5 Assistant Professors/Post Docs and 11 PhD Students at CBS. In addition, there are 4 external professors from different international universities associated with FRIC. The Center also has 1 Center Coordinator and 6 Student Assistants.

You can read more about the project on their website here: Center for Financial Frictions Homepage

The page was last edited by: Dean's Office, Research // 08/11/2020