New Project on Analysis of Systemic Financial Market Risk

The NBER has launched a new project on Financial Frictions and Systemic Risk to provide a venue for research on financial market institutions, including operational and financial linkages across markets, funding structures, trading costs, and other market frictions, and risks to the financial system.

The project, which is supported by the Office of Financial Research at the US Treasury Department via an interagency agreement with the National Science Foundation, will promote interaction between researchers, financial market participants, regulators, and policymakers, with the goal of identifying and addressing research questions that bear on the determinants of, the detection of, and the remediation of systemic financial market risk. Research Associates Wenxin Du of Columbia University, Alp Simsek of Yale University, and Chester Spatt of Carnegie Mellon University will serve as the inaugural codirectors.