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Calendar

Sep
23
Wed
RSCAS Seminar Launch: The Yves Mény Annual Lecture. Europe’s Financial Capitals Since the Early Twentieth Century @ Conference Room, Villa la Fonte
Sep 23 @ 4:00 pm – 5:30 pm

The Event will be live streamed on this page

 

 

What has been the position of Europe’s leading financial centres, its ‘financial capitals’, since the globalisation of the early twentieth century? Financial centres are the nerve centres of international finance, a source of wealth and power. Over the last hundred years, most leading international financial centres have been located in Europe –within a changing international balance of power. This paper considers the development of Europe’s international financial position, from the height of the pre-1914 days, when it was the ‘banker of the world’; to the lows of the late 1940s, when it required American assistance; and to the resurgence of its financial power at the turn of twenty-first century in an increasingly multipolar financial environment. The paper addresses three main issues. First: how to explain the rise, persistence and fall of Europe’s financial capitals? Second: what has been the degree of competition, cooperation and integration of Europe’s financial capitals, at both global and European levels? And third, what can the past tell us about the future of Europe’s financial position in the twenty-first century?

The Schuman Centre honours its first Director, Yves Mény, with its annual lecture to mark the beginning of the academic year and to launch the RSCAS Seminar Series. This second Yves Mény Annual Lecture will be given by Youssef Cassis, Professor of Economic History and Joint Chair RSCAS/History and Civilization Department.

 

Organise: Brigid Laffan – EUI – Robert Schuman Centre for Advanced Studies and Global Governance Programme

Speaker: Youssef Cassis

Oct
5
Mon
The Italian Contribution to the Debate on the Future of the Governance of the Euro by Marco Piantini @ Sala del Capitolo, Badia Fiesolana
Oct 5 @ 2:15 pm – 4:15 pm

The depth of the economic and financial crisis and its long-lasting impact highlight fundamental unresolved issues related to the incompleteness of the Economic and Monetary Union, despite important steps forward made in response to the crisis. In addition, disaffection in the European project is widespread among citizens and it is leading to the rise of populist political forces. The current upswing in growth rates, albeit modest, is likely to trigger complacency in national governments and European institutions with the risk of deepening the divide with citizens still heavily affected by the legacy of the crisis in terms of unemployment, poverty and rising inequalities.

Against this background, the Union is at a crossroad between muddling through and facing with determination the new challenges: restore growth potential, foster a job-rich sustained growth in a stable macroeconomic environment and rebuild the relationship between European institutions and European citizens. The launch by the Commission of a multi-annual European investment plan and the definition of adequate incentives for investment and reforms are positive important steps in this direction, especially in the framework of a growth-friendly fiscal policy. However, the urgency and complexity of the issues at stake call for a more ambitious policy mix involving fiscal, structural, social and monetary policies.

Marco Piantini, adviser for European Affairs to the Italian Prime Minister, recently acted as coordinator of the Italian position on the crisis of the Eurozone and other institutional matters. He is a former adviser to President Napolitano and a staff member at the European Parliament.

Organiser: Brigid Laffan – EUI – Robert Schuman Centre for Advanced Studies and Global Governance Programme

Speaker: Marco Piantini

 

Register for the event

 

Oct
8
Thu
ADEMU Kick-Off Conference on Reassessing the EU Monetary and Fiscal Framework @ University of Cambridge
Oct 8 – Oct 9 all-day
ADEMU Kick-Off Conference on Reassessing the EU Monetary and Fiscal Framework @ University of Cambridge | United Kingdom

Conference venue: Corpus Christi College (www.corpus.cam.ac.uk).
The specific room will be the McCrum Lecture Theatre.

Registration deadline is 25 September, 2015

 

View the Conference Program

 

Thursday, October 8

13:00–13:10 | Welcome Address

  • Ramon Marimon, European University Institute, UPF–Barcelona GSE & CEPR

13:10–14:40 | Long-term sustainability of a monetary and fiscal union (WP1)

  • Chair: Jurgen Von Hagen, University of Bonn
  • Charlie Brendon, University of Cambridge
  • Giancarlo Corsetti, University of Cambridge
  • Árpád Ábrahàmand and Ramon Marimon, European University Institute
  • Jesus Fernandez-Villaverde, University of Pennnsylvania

15:00–16:30 | Stabilisation policy in currency unions (WP2)

  • Chair: Evi Pappa, European University Institute
  • Pedro Teles, Universidade Católica Portuguesa & Bank of Portugal
  • Morten Ravn, University College London
  • Franck Portier, Toulouse School of Economics
  • Martin Uribe, Columbia University

16:30–18:00 | Round Table: “What type of Fiscal Union?”

  • Moderator: Isabel Correia, Universidade Católica Portuguesa & Bank of Portugal
  • Joaquín Almunia, Former Vice President of the European Commission
  • José Manuel Campa, Grupo Santander and IESE Business School
  • Eilis Ferran, University of Cambridge
  • John Hassler, Stockholm University and Swedish Fiscal Policy Council
  • Coen Tuelings, University of Cambridge

Friday, October 9

09:00–10:30 | Macroeconomic and financial imbalances and spillovers (WP3)

  • Chair: Thomas Hintermaier, University of Bonn
  • Radim Bohacek, CERGE
  • Christian Hellwig, Toulouse School of Economics
  • Joachim Jungherr, IAE-CSIC and Barcelona GSE
  • Philip Lane, Trinity College Dublin

11:00–12:00 | Keynote Address

  • Herman Van Rompuy, Former President of the European Council

13:30–15:30 | Policy Implementation (WP4)

  • Chair: Marek Kapicka, CERGE
  • David Levine and Thomas Beukers, European University Institute
  • Giorgio Monti, European University Institute
  • Chris Bickerton, University of Cambridge
  • Kenneth Armstrong, University of Cambridge

16:00–16:20 | ADEMU activities, organisation and dissemination (WP5 & WP6)

  • Hugo Rodriguez, IAE–CSIC and Barcelona GSE

16:20–18:20 | Round Table: “Strengthening the EMU in the aftermath of the Greek crisis”

  • Moderator: Richard Portes, London Business School, EUI & CEPR
  • Sir Charles Bean, LSE and former Deputy Governor of the Bank of England
  • Thomas Cooley, New York University – Stern Business School
  • Lucrezia Reichlin, London Business School & CEPR
  • Frank Smets, European Central Bank
  • René Smits, University of Amsterdam
  • Zdeněk Tůma, KPMG and former Governor of the Czech National Bank

 

Conference Registration

Oct
22
Thu
Legal and Institutional Dimensions of EMU (Intensive workshop) @ Sala Triaria, Villa Schifanoia
Oct 22 @ 9:30 am – 5:00 pm

FIRST TERM

6 credits

Professors Claire KILPATRICK and Giorgio MONTI

Kilpatrick GiorgioMonti

Workshop description:

An intensive workshop on October 22 and 23 2015 with three hour sessions on each of the following four themes.

  1. Conditions posed to legal change in reaction to the Eurozone crisis at both EU and national level (such as competence constraints, fundamental rights limits)
  2. Legal aspects of the overall new EMU package (e.g. Macro-economic Imbalance Procedure, Excessive Deficit Procedure, Broad Economic Policy Guidelines)
  3. Legal aspects of risk-sharing mechanisms (e.g. European Stability Mechanism, prospects for Euro-bonds)
  4. Legal aspects of banking union (emphasis on: Single Supervisory Mechanism, Single Resolution Mechanism, deposit insurance)

Participants will explore issues of EU legal and institutional design within the specific and dynamic area of EMU and the closely related area of banking union. Sessions on each of the four themes will be moderated by a mixture of invited externals and EUI Faculty. Materials will be circulated by Thursday 1 October to allow time to have thoroughly read and prepared in advance of the intensive seminar. A key goal is to clearly understand and articulate how legal design issues interact with EU economic and monetary policy objectives. To this end each seminar participant will prepare a brief (5 page) policy statement which sets out the legal issues of one of the four issues above in ways comprehensible to non-lawyers. This will be submitted by Tuesday 3 November at midday to Laurence.duranel@eui.eu. Feedback will be provided on each seminar participant’s policy statement.

This seminar forms part of an EUI-led project on A Dynamic Economic and Monetary Union involving the Law and Economics Departments and funded by Horizon 2020. Policy statements will be presented by Law Faculty to Economists participating in the project on Friday 11 and Saturday 12 December 2015. Seminar participants are welcome to attend.

Each day of the seminar will be comprised of two sessions: from 9:00 to 12:30 and from 14:00 to 17:00 hours.

Workshop materials (stand by for updates):

Session 1
Session 2
Session 3
Session 4
Nov
4
Wed
Market Risk regulatory developments. Joint training with European Banking Authority @ EBA premises - Picasso Room
Nov 4 – Nov 5 all-day
Market Risk regulatory developments. Joint training with European Banking Authority @ EBA premises - Picasso Room | London | United Kingdom

The objective of the training seminar is to improve participants’ knowledge of the latest regulatory developments, both at Basel and EU levels, in the area of Market Risk, CVA and Market Infrastructure. The seminar is organised by the EBA jointly with the Florence School of Banking and Finance (European University Institute). Apart from the Regulator’s point of view on these topics, the seminar will also provide the Academic and Industry perspective on CVA and Market Infrastructure regulatory developments.

Download the programme

Dec
7
Mon
1st Advisory Council meeting @ Sala del Capitolo at Badia Fiesolana
Dec 7 @ 12:00 pm – 5:00 pm
1st Advisory Council meeting @ Sala del Capitolo at Badia Fiesolana | Toscana | Italy

On 7th December the Florence School of Banking & Finance will hold its first Advisory Council meeting.

The Advisory Council of the school is composed of Andrea Enria (Chairperson European Banking Authority), Frank Smets (Advisor Mario Draghi European Central Bank), Ignazio Angeloni (Board Member Single Supervisory Mechanism), Mauro Grande (Board Member Single Resolution Board) and Francesco Mazzaferro (Head of Secretariat European System Risk Board), as well as the new Director General at DG FISMA (EC) Olivier Guersent.

The purpose of the meeting will be to discuss the school’s activities in its first year, as well as to start the development of a European curriculum for professionals working in the Banking & Finance sector on topics of regulation and supervision.

 

This is a closed event.

Apr
28
Thu
Filling the Gaps in Governance: The Case of Europe @ Sala Europa
Apr 28 all-day

The European University Institute (EUI), the Brevan Howard Centre at Imperial College together with BAFFI CAREFIN at Bocconi University are organising jointly a conference entitled “Filling the Gaps in Governance: The Case of Europe” to be held at the EUI in Florence on Thursday, April 28, 2016

The conference will bring together leading economists, lawyers, political scientists and policy makers to discuss the current economic situation in Europe with particular emphasis on the issue of filling the gaps or incompleteness in the agreements governing economic cooperation in Europe.  These agreements, implicit and explicit, range from matters such as the agreements about domestic debt/GDP levels, the “no bailout clause”, the new banking union, the use of a common currency, the agreement to include identical Collective Action Clauses in all Euro area sovereign bonds and so on.

Organisers:

Franklin Allen | Brevan Howard Centre Imperial College

Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute

Joanna Gray | Birmingham University

Mitu Gulati | Duke University

 

Read the programme

 

Previous Conferences

the-new-financial-architecture-in-the-eurozone 

The new financial architecture in the Eurozone

23 April 2015

CoverEuro2014

Bearing the Losses from Bank and Souvereign Default in the Eurozone

24 April 2014

interior

Political, Fiscal and Banking Union in the Eurozone?

25 April 2013

Cover-governancefortheeurozone 

Governance for the Eurozone: Integration or Disintegration?

26 April 2012

Cover-LifeintheEurozoneebook 

Life in the Eurozone with or without Sovereign Default?

14 April 2011

Apr
29
Fri
Eui-nomics 2016: Debating the Economic Conditions in the Euro Area and Beyond @ Sala Europa, Villa Schifanoia
Apr 29 @ 9:00 am – 10:00 pm

The EUI-nomics workshops provide a forum for discussion among academics and economists in public and private institutions about the current and expected future global economic conditions, with a special focus on the euro area and its member countries. For each country/area there will be short presentations by leading experts followed by general discussion. The workshops will be completed by a policy panel debating on key economic policy issues for the euro area.

See the programme

Jun
16
Thu
Financial Deregulation: A Historical Perspective @ Sala Europa, Villa Schifanoia
Jun 16 @ 2:00 pm – Jun 17 @ 1:30 pm

This conference will address the liberalisation of the financial sector that occurred towards the end of the 20th Century, with a particular focus on the 1980s. It will cover different countries and consider the emergence and persistence of a new regulatory paradigm until – or even after – the recent financial crisis.

In most rich countries, various measures have been passed in order to liberalise and “modernise” the financial markets. Each country had its own agenda, but each of them has experienced, to a various extent, a change in regulatory regime. Interest rates paid on deposits have been liberalised, competition has been favoured, traditional barriers between insurance, banking, and
financial market activities, have been removed, as well as exchange controls. Access to domestic markets by foreign financial institutions has been facilitated through reciprocal agreements or through an open door approach attracting foreign investors.
Financial deregulation – or liberalisation – has not yet been thoroughly examined by historians, though, because of the difficulty to access archival material for recent periods. However, such material is becoming increasingly accessible and allows historians to take a new look at the matter, particularly concerning the 1980s.

As major reforms of the financial sector, such as Basel III, are being widely debated today, it is important to take a broader and longer-term view, in order to understand if we are still living under the same regulatory regime as before, or if a truly new paradigm has emerged. We will address the relevance of the notion of “deregulation”, the links between the changes under consideration and globalisation, and the respective influence of market forces and politics in this process. These questions call for an interdisciplinary approach that not only looks at historical and economic aspects, but also addresses legal, conceptual, and political issues.

Organiser: Youssef Cassis

Download the programme

Jun
28
Tue
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana
Jun 28 @ 11:00 am – 12:30 pm
EUI Forum on Brexit @ Seminar Room 2, Badia Fiesolana

The European University Institute Forum on Brexit with short contributions from Brigid Laffan, Gary Marks and Liesbet Hooghe.

Brigid Laffan is Director of the Robert Schuman Centre for Advanced Studies (RSCAS) at the EUI.

Gary Marks is a research professor in Multilevel Governance at the VU University Amsterdam and Burton Craige Distinguished Professor of Political Science at the University of North Carolina at Chapel Hill. Gary Marks is currently a Visiting Scholar at the RSCAS.

Liesbet Hooghe is the W. R. Kenan Jr. Professor of Political Science at the University of North Carolina at Chapel Hill. She also holds a research professorship in multilevel governance at the VU University Amsterdam. Liesbet Hooghe is currently a Visiting Scholar at the RSCAS.

Watch the Recording of the Conference