- Juliane Begenau, Stanford Graduate School of Business
- Monika Piazzesi, Stanford University
- Lars Peter Hansen, University of Chicago
We want to bring together researchers who study banks and financial frictions. The questions we want to address are: What is the role of banks in competition with other financial institutions? What is the impact of concentration among the largest banks? What is the importance of banks for payments? Are banks special in their ability to screen borrowers among households and firms? Do banks take risks or do they hedge? What is their role in markets for complex assets (such as asset-backed securities or other derivatives)? How has recent regulation and ongoing initiatives to change regulations affected banks? How can households and firms get access to funding when banks are in trouble?