Simon Business School

Faculty Profile

Michael Gofman
Assistant Professor
Phone: 585.275.3922
Office: 3-110F Carol Simon Hall


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

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


University of Chicago, Booth School of Business - 2011
University of Chicago, Booth School of Business - 2011
Ph D
Tel-Aviv University, - 2007
Tel-Aviv University, - 2006
Tel-Aviv University, - 2001


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

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.
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