Beyond Liquidity: Modeling Frictions in Finance and Macroeconomics Conference
Beyond Liquidity: Modeling Frictions in Finance and Macroeconomics Conference is a small conference on finanical frictions and their impact on both financial markets and real economies is proposed. Financial market crises have the potential to harm the real economy, as suggested by both recent and historical experience. A characteristic feature of these crisis episodes is that prices of risky assets can sizably deviate from their values in a frictionless Arrow-Debreu benchmark. This is often interpreted as the symptom of frictions in financial markets, such as search costs, agency problems, financial constraints, informational asymmetries. These frictions, in turns, may drive distortions in savings, investment and economic activity.
|Event dates:||2008-05-09 – 2008-05-10|
|Organizers:||Initiative on Global Markets Graduate School of Business of the University of Chicago|
|Conference venue:||Gleacher Center, Chicago|
Janice Luce, 773.702.1235, firstname.lastname@example.org
|Classification:||E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; F3 - International Finance ; F4 - Macroeconomic Aspects of International Trade and Finance ; G1 - General Financial Markets|
|Event type:||Konferenzen, Tagungen; Conferences|