Sustainable Finance

Empirical Methods and Sustainable Finance

EARLY BIRD DISCOUNT (-10%) until 7 December 2024

06/02/2025 - 07/02/2025

Location

EUI Premises in Florence

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Registration Deadline

16/01/2025

Level

Advanced, Intermediate

Approach

Quantitative

Delivery mode

Residential

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  • Provide an overview of methods for evaluating regulatory changes and investigating other sustainability-related topics.
  • Introduce participants to matching and difference-in-difference methodologies, applied to critically assess the features of sustainable credit markets and the impact of local climate policies.
  • Explain key aspects of panel estimation, including saturation and fixed effects methods, used to analyse the relationship between monetary policy, risk-taking behavior, and climate risks.
  • Acquaint participants with instrumentation strategies and their application to topics such as climate risk, the real estate market, and new business formation.
  • Strengthen participants’ practical knowledge through a series of replication exercises.

The course targets mid- and high-level professionals in international and supranational organisations, ministries of finance, prudential authorities, development banks, and central banks, who have prior experience in empirical analysis or sustainable banking and finance. It is designed for those seeking a deeper understanding of how to evaluate regulatory changes and quantitatively explore other sustainable finance topics. The course may also appeal to emerging scholars and private-sector practitioners (e.g., consultancies, banks, investment funds) interested in sustainable finance.

Core Faculty

Thursday, 6 February 

9:00 – 9:30 Welcome & coffee

9:30 – 11:00 Session 1 – Introduction (Ongena)

  • Empirical methods in Sustainable Finance
  • Evaluation of changes in regulation, and exploration of other sustainable topics

11:00 – 11:15 Coffee break

11:15 – 12:45 Session 2 – Matching, and Difference-in-Differences Part 1 (Ongena)

  • Exact versus propensity score matching, difference-in-differences methodology
  • Banks and sustainable loan terms for small firms; sustainable collateral

12:45 – 13:55 Lunch

13:55 – 14:00 Group picture

14:00 – 15:30 Session 3 – Saturation with Fixed Effects (Bilan)

  • Panel estimation
  • Monetary conditions and risk-taking
  • Climate risks and monetary policy

15:30 – 16:00 Coffee break

16:00 – 17:30 Session 4 – Difference-in-Differences Part 2 (Bilan)

  • Intensity of treatment, managing the control sample
  • Towards a sustainable financial system: Macroprudential regulation of banks
  • Effects of local climate policy

17:30 – 18:30 Guided tour of Villa Schifanoia or office hours

From 20:00 Dinner at the city center

 

Friday, 7 February 

9:00 – 9:30 Welcome & coffee

9:30 – 11:00 Session 5 – Instrumentation Part 1 (Bilan)

  • Instrumentation strategies
  • Credit constraints and housing collateral
  • Climate risks in real estate

11:00 – 11:15 Coffee break

11:15 – 12:45 Session 6 – Instrumentation Part 2 and Modelling Dispersion (Ongena)

  • Instrumentation with historical land and climate information; heteroskedastic model
  • Wealth inequality and entrepreneurship; sustainable business models

12:45 – 14:00 Lunch

14:00 – 16:00 Session 7 – Practical session on replication exercises. Closing remarks

 

FULL FEES, applicable from 8 December onwards*:

  • € 950 – Academics
  • € 1900 – Public sector
  • € 2100 – Private sector

*Please note that the payment must be settled one week before the start of the course.

The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities, as well as a certificate of attendance after the course has been completed. The fee does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).

Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

 

EARLY BIRD DISCOUNT (-10%), applicable until 7 December COB:

Participants are eligible for the below early bird discount if they register and pay by 7 December 2024. Please note that those who wish to pay a reduced fee for academics must send proof of academic status to fbf@eui.eu in order to verify their eligibility.

  • € 855 – Early bird academic*/ € 950 full fee (from 8 December)
  • € 1710 – Early bird public sector / € 1900 full fee (from 8 December)
  • € 1890 – Early bird private sector / € 2100 full fee (from 8 December)

The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities, as well as a certificate of attendance after the course has been completed. The fee does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).

*Please submit a certificate attesting your academic status (Professor, PhD Student or Research Associate) to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

 

GROUP DISCOUNT (-15%) for minimum 3 participants from the same institution:

The below group discount applies to 3 or more participants who register for the same course from the same institution. Those wishing to take advantage of the group discount must write an email to fbf@eui.eu, stating the full names of the proposed participants.

  • € 807.50 – Group discount academic
  • € 1615 – Group discount public sector
  • € 1785 – Group discount private sector

 

CANCELLATION POLICY

Paid registration fee is non-refundable. However, registrant substitution may be made up to 15 days before the start date of the course by contacting fbf@eui.eu.

Accommodation

Participants are responsible for their own accommodation during their stay in Florence. Below are some hotels that are conveniently located either for the city centre or for the course venue.

Fiesole (closer to the European University Institute)

Florence Historic Centre – Santa Maria Novella Train Station area

Florence Centre – Piazza della Libertà area

Nearby airports

Pisa International Airport (Galileo Galilei Airport), is located 85 km from Florence. The shuttle Pisa Mover connects Pisa Airport to Pisa Railway Station, and it is in service every day from 6.00 a.m. to midnight with variable frequencies. The average travel time between the airport and the railway station, including the intermediate stop, is about 5 minutes. From Pisa Railway Station it is possible to take a train to Florence Railway Station (average travel time is one hour). Timetable and ticket options are available at Trainline.

Guglielmo Marconi Bologna International Airport is located 105 km from Florence. It is connected to Bologna Central Station by the shuttle train “Marconi Express” that leaves every 7 minutes. Tickets can be purchased on this website. From Bologna Central Station, Florence can be reached with a high-speed train in about 40 minutes. Timetable and ticket options are available at Trainline.

IT information

  • Upon arrival, you will be provided with temporary Wi-Fi access for the duration of the event.
  • If using your company laptop, please check with your company IT department regarding firewall protections before your departure. EUI uses a Captive Portal authentication to access the EUI Wi-Fi network.

On-site contact points

For any practical questions, please feel free to contact the Florence School of Banking and Finance to the attention of Noemi Epote’ (fbf@eui.eu).

Restaurants

Below you can find a few suggestions on restaurants located in Fiesole or the city centre, which might be useful for your free night(s).