CFCM is a research centre focusing on financial markets, macroeconomic cycles, consumer and corporate credit. Based in the University of Nottingham School of Economics., CFCM receives external funding from the UK government (BERR), research councils (ESRC), the private sector (Experian, Fitch Ratings) and charities (Nuffield Foundation, the British Academy). CFCM research focuses on a number of specific issues arising from the operation of financial markets, household debt and corporate finance. The centre specialises in the analysis of high frequency data from markets, households and firms to understand the nature of indebtedness, financial decision-making, and measurement of financial distress. The centre also investigates the transmission mechanisms of monetary policy through credit channels, exploring the behaviour of corporations and households when credit is constrained, and the effect of credit on house prices and business cycles. CFCM has formed close research links with a number of similar research institutions (Institute for Fiscal Studies, EUI Finance and Consumption) and central banks (Bank of England, European Central Bank, Federal Reserve) and with the financial press. For more information on CFCM research projects see our current research programs