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Prof. Lasse Pedersen is awarded the 2011 Bernácer Prize

bernacer prize
Excerpt from Bernácer Prize -- "The 2011 Bernácer Prize has been awarded to Prof. Lasse H. Pedersen (Stern School of Business, NYU) for his original research contributions on how the interaction between market liquidity risk and funding liquidity risk can create liquidity spiral and systemic financial crisis."

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Additional coverage appeared in Pension & Investments.