Giulia Brancaccio and Karam Kang have been awarded the Yuki Arai Faculty Research Prize in Finance for their paper "Search Frictions and Product Design in the Municipal Bond Market." Established by alumnus Yuki Arai (MBA ’10), the award aims to recognize and promote excellence in research by Stern faculty and is bestowed annually on the best faculty paper on the topic of Finance. The committee is particularly interested in papers with a focus on investments.
 
The winner of the Yuki Arai Faculty Research Prize in Finance will be awarded a $10,000 grant and the opportunity to present their paper to the Finance Department.

Giulia Brancaccio is an Assistant Professor of Economics at NYU Stern.