The financial crisis of 2008-2010 devastated the U.S. economy. It cost millions of people their homes and their jobs, wiped out household savings, and shuttered businesses. The Center explores ways to both improve financial stability and make the financial system work better for all Americans.
The Center fosters research designed to develop a better understanding of evolving risk in the banking, securities, and insurance sectors, and across the financial system. It also focuses on research about equitable growth and financial inclusion, consumer ownership of data, innovations in payment systems, and consumer, small business, and investor protection.
The Center helps turn this research into action by sharing research with advocates, regulators, policy makers, and other leaders in the public and private sectors, and by broadly disseminating research through conferences, working papers, congressional testimony, op-eds, and other traditional and social media.
Sample projects undertaken by University of Michigan faculty:
– Research drawing on methods from computer science and finance to better understand the risk high-frequency trading poses to market efficiency and financial stability,
– A study of the characteristics of robust and resilient biological systems and how they could be used to create novel, adaptive approaches to financial regulation,
– Empirical research about the financial capability of small business owners and their access to credit.
Ongoing research projects involve data portability, big data in finance, small business lending, financial stability, and debt juggling.