FEPS, in collaboration with Foundation Jean Jaurès and Leeds University Business School (United Kingdom) and the Macroeconomic Policy Institute (IMK) have set up a research project with the aim to generate a detailed multi-layered, and multi-locational analysis of the European financial system. Objective of this research project is to formulated concrete policy reccomendations for its reorganization and restructuring.
The project brings together scholars from different disciplines (economic and geography) and geographies (both within and beyond Europe) to complement, extend and deepen existing analyses of the European financial sector.
This project aims to answer the following research questions:
- What is the quantitative and qualitative access to finance of different economic actors in Europe? How does this access relate to different geographic areas and socio-economic characteristics?
- What are the connections between financial crises, global financial competition, and too-big-to-save megabanks?
- How viable are smaller, locally based financial intermediaries as sustainable vehicle for carrying out economically-productive loans and for making financial transaction services widely available?
- Can cross-border capital flows unbalance core-periphery relations?
- How have the inequality dynamics shaped the changing structure of the European financial system?
- What concrete policy measures - both in terms of regulation and alternative financial system design - make finance work for all segments of society?
The project will span two years and will include a series of roundtable discussions and polcy related writing.
Prof. Gary Dymski, Divisional Director of Research, Leeds University Business School (United Kingdom)
Dr Giovanni Cozzi, Economic Advisor, Foundation for European Progressive Studies
Blaise Gonda, External Relations, Foundation Jean Jaurès
Dr Annina Kaltenbrunner, Lecturer, Leeds University Business School (United Kingdom)
Project administrative coordinator: Ischi Graus, Foundation for European Progressive Studies
Seminars and Roundtable Discussions
Roundtable discussion, 21st of November 2014, Leeds University
Research and policy related output
Selected background material
Bazillier, R. (2013) Equality Must be the Core of Economic Policies. 17 Propositions for Equality and Efficiency, in Stetter, E. Duffer, K. and Skrzypek, A. (2013) For a New Social Deal, Next Left Books, Vol. 6, FEPS and Renner Institut
Bazillier, R. (2012) A New Socio-Economic Paradigm: Jobs, Equality and Sustainability, in Stetter, E. Duffer, K. and Skrzypek, A. (2013) Building New Communities, Next Left Books, Vol. 5, FEPS and Renner Institut
Bazillier, R. and B. Najman (2012), "Labour and Financial Crises, is Labour paying the price of the Crisis?", Last version (April 2012) LEO WP 2010.30
Cozzi, G. (2012) Capital Controls, in Toporowski, J. and Michell, J. (eds) Handbook of Critical Issues in Finance, Edward Elgar: Cheltenham
Dymski, G.A. (2005) Financial Globalization, Social Exclusion and Financial Crisis, International Review of Applied Economics, 19(4):439-457
Dymski, G.A. (2010) Why the Subprime Crisis is difference: a Minskyian Approach, Cambridge Journal of Economics, 34(2): 239-255