Session 12: Banks and Financial Frictions
- Juliane Begenau, Stanford GSB
- Lars Peter Hansen, University of Chicago
- Ben Hebert, Stanford GSB
- Monika Piazzesi, Stanford University
This segment would feature post-crisis research on the central role of banks in the economy, their incentives for risk-taking, developments in fintech, the role of banks for financial stability and payments provision, and the importance of financial frictions for households and firms more generally. This is an extremely active area of research.