In the past decade, Fondation Banque de France's Journées have been an annual event featuring the outcome of previous research grants. This year's harvest includes three papers on the systematic variations in expected loss and liquidity, the impact of securitization on bank lending and the cost...

We encourage research on the importance of behavioural biases and expectations formation and behavioural bi-ases for business cycle fluctuations and invite papers on the implications of these biases and of alternative expec-tations formation mechanisms for modelling business cycle fluctuations...