Faculty Profile

Michael Gofman

Assistant Professor

Email: michael.gofman@simon.rochester.edu

Phone: 585.275.3922

Office: 3-110F Carol Simon Hall

Website

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Bio

Michael Gofman has earned his Ph.D. in finance and MBA from the University of Chicago, Booth School of Business. Gofman also holds M.A. in economics and M.Sc. in finance from the Tel Aviv University.

Teaching Interests

Corporate Finance, Financial and Economic Networks

Research Interests

Financial Networks, Financial Intermediation, Financial Regulation, Production Networks, Trade Credit, Systemic Risk, Financial Stability, Payment Systems, Creative Destruction, Artificial Intelligence

Professional History

Assistant Professor

University of Rochester, Simon Business School

July 2017 -

Assistant Professor of Finance

University of Wisconsin – Madison, Wisconsin School of Business

July 2011 - June 2017

Education

University of Chicago, Booth School of Business - 2011

MBA

University of Chicago, Booth School of Business - 2011

Ph D

Finance

Tel-Aviv University, - 2007

Economics

Tel-Aviv University, - 2006

Finance

Tel-Aviv University, - 2001

Economics

Publications

2017

Efficiency and Stability of a Financial Architecture with Too-Interconnected-to-Fail Institutions

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Journal of Financial Economics

Volume: 124

Issue: 1

Visit the website: http://www.sciencedirect.com/science/article/pii/S0304405X16302471

Current Research Programs

Interbank Trading and Financial Regulation

We build a theoretical framework to study banks decisions to borrow. lend and trade with other banks. We solve a planner's problem and a decentralized problem to study welfare. Two main insights are: (1) banks can use interbank loans to collude, (2) there are benefits fo having the same financial institutions providing loans and trading derivatives.