De-Risking the Future of Europe. Reforming the EU Macrofinancial Architecture

FEPS, in partnership with the University of the West of England – Bristol, the Rockslide […]

20/12/2019

FEPS, in partnership with the University of the West of England – Bristol, the Rockslide University and the Financial Markets Group at the London School of Economics, gathered experts at the London School of Economics to identify avenues to REFORMING MACRO-FINANCIAL ARCHITECTURE in Europe, with the keynote addressed by Vitór Constâncio, Former Vice President of the ECB.

In the aftermath of the sovereign debt crisis, the architecture of economic and financial governance in the European Union changed at an unprecedented pace. Member States have put in place crucial pillars of the Banking Union and the Capital Markets Union.

But progress on both projects has slowed down. As the new European Commission takes office, the work towards reforming the Economic and Monetary Union will likely revive. Agreed plans to attain banking and financial integration have not yet been completed; plus additional institutional and policy arrangements could become handy to contain systemic risk, shall a new crisis hit European markets.

The conference has been be the occasion for policy-makers and academic experts to reflect and exchange on the pros and cons of different models to design further financial integration within the Euro area and the whole of Europe.

Structural Issues in European Finance VIDEO – presentations by:

Iñaki Aldasoro, Economist, Bank for International Settlements

European banking in global dollar markets

Tobias Arbogast, Researcher, Max Planck Institute for the Study of Societies

– Who holds European sovereign debt: a distributional analysis

Jean Grosdidier, PhD Candidate, Sciences Po Law School

– Safe banking to safe assets

Daniela Gabor, Professor of Economics and Macro Finance, University of the West of England – Bristol

– Institutional supercycles and green macrofinance in the Euroarea

 

Gaps in the Euro-area Macro-Financial Architecture | VIDEO | presentations by:

Nicolas Véron, Senior Fellow, Bruegel & Peterson Institute for International Economics (PIIE)

– Completing the Banking Union

Stephany Griffith-Jones, Financial Markets Director, Initiative for Policy Dialogue, Columbia University

– EFSI, InvestEU and the EIB: Increased leverage, but could risk distribution and policy steer be improved?

Matthias Thiemann, Assistant Professor, Sciences Po

– European financial market integration and the need for European financial supervision

Aitor Erce, Former Principal Economist, European Stability Mechanism

The ESM and Sovereign debt restructuring

 

A Roadmap to reform the EMU

Vítor Manuel Ribeiro Constâncio, former Vice President, ECB &

President of the School Board, ISEG Lisbon School of Economics & Management

Chair: Charles Goodhart, Honorary Professor, LSE

Discussants:
Izabella Kaminska, Editor of the Financial Times’ Alphaville

Nicolas Véron, Senior Fellow, Bruegel & PIIE

 

The political economy of monetary solidarity: where next for the euro? | SLIDES | VIDEO

Waltraud Schelkle, Professor in Political Economy, European Institute, LSE

 

Find all related publications
Publications
28/03/2023

Back to the Dark Ages?

Q-commerce, rapid retail and the changing landscape of retail work
28/03/2023

Getting the goods

Trade unions and strategy in the quick-commerce sector
24/03/2023

Making Next-Generation EU a permanent tool

Recovery Watch series
15/03/2023

A five-point agenda for how development cooperation can support EU’s strategic autonomy

European Strategic Autonomy series - Economy & Trade
Find all related events
Events
Upcoming
12/04/2023
Online (Expert meeting)

Social measures in the NRRPs

Recovery Watch series
Past
14/03/2023
Dublin, Ireland

EU fiscal rules: Time for a reboot?

FEPS policy study launch
28/03/2023
FEPS HQ (Hybrid)

Dark stores: Back to the Dark Ages?

Launch event of policy study into the q-commerce sector
Find all related news
News
20/02/2023

Let’s end involuntary unemployment!

European survey on the perception of unemployment and publicly funded jobs
20/12/2022

How to make the best use of the Resilience and Recovery Fund

The first results of the Recovery Watch research project were presented to the Italian public in Rome on 15 December
18/10/2022

Open letter to call for a deep reform of the EU fiscal rules

FEPS cosigned an open letter to EU leaders calling for them to address the underlying structural […]
30/05/2022

FEPS launches ‘Recovery Watch’, a new research project

The National Recovery and Resilience Plans represent the new framework in which member states will identify their […]
Find all related in the media
In the media

En Europe, le marché unique fête ses 30 ans, entre satisfaction et désillusion

by Le Monde 01/02/2023
'In Europe, the single market celebrates its 30th anniversary, between satisfaction and disillusionment' Le Monde article with an intervention by László Andor, FEPS Secretary General

L’Italia non riesce a usare il Pnrr: abbiamo speso solo un terzo dei 42 miliardi di euro stanziati

by L'Espresso 09/01/2023
'Italy fails to take advantage of the NRRP: we have spent only one-third of the 42 billion euros allocated' L'Espresso article on the implementation of the Recovery and Resilience Plans.

Gli effetti della crisi sulle famiglie e sul settore dell’agricoltura

by Radio Vaticana 19/12/2022
"The impact of the crisis on families and the agricultural sector" Radio Vaticana. Interview (18'45) with David Rinaldi, FEPS Director of Studies and Policy, on the Recovery Watch series of publications

Nuova economia ok, ma l’inquinamento?

by Il Fatto Quotidiano 19/12/2022
"A new economy OK, but what about pollution?" Il Fatto Quotidiano article on FEPS Policy Study "Policy challenges and actions for a just climate transition"