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ERC Project on Funding Frictions after the Global Financial Crisis : Funding frictions are tensions in financial markets that can preclude institutions from borrowing money or rolling over debt. In extreme situations, such as the 2007-2009 global financial crisis (GFC) or the market turmoil in March 2020 during the Covid-19 pandemic, funding frictions can lead to the default of otherwise healthy institutions and destabilize the entire financial system. While earlier research (pre-GFC) tends to disregard funding frictions, the enormous risk associated with these market tensions highlights that a deeper understanding of funding frictions is crucial – it can guide policy makers to determine their optimal responses to future crises and help institutions to reduce their funding risk.

To help develop our understanding of these frictions, the European Research Council (ERC) awarded a research grant to the project Funding Frictions after the Global Financial Crisis (FuFri). See this previous press release for more details on the project: https://www.bi.edu/about-bi/news/2022/01/bi-researcher-wins-eu-funding-to-investigate-financial-frictions/?_ga=2.46858594.438973175.1641803487-6408461

To help with the research in this area, we are looking for research assistants/working students (m/w/d) to support the principal investigator with ongoing research projects.