# Prof. Lasse Pedersen is awarded the 2011 Bernácer Prize

1 Faculty News May 31, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_036425.gif?itok=26gcP8TM)>

Excerpt from [Bernácer Prize](http://www.bernacerprize.org/2011_Pedersen) -- "The 2011 Bernácer Prize has been awarded to Prof. [Lasse H. Pedersen](http://www.stern.nyu.edu/faculty/bio/lasse-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."

[Read more  ](http://www.bernacerprize.org/2011_Pedersen)
Additional coverage appeared in [Pension & Investments](http://www.pionline.com/article/20120528/PRINTSUB/305289991/aqrs-pedersen-takes-home-economics-award).