Research Policy Network (RPNs)

European Financial Architecture

Project lead

Elena Carletti

Full Professor of Finance, Finance Department Bocconi University

EFA comprises all issues related to the role of banking and capital markets in the Euro Area. Topics to be addressed include, without being limited to: financial stability; banking competition and regulation; market supervision and market infrastructure; decentralized (digital) finance and crypto assets/banking; central banking channels: banks, markets, non-banks; and ESG finance and impact measurement (incl. taxonomy).

People
Members are CEPR research fellows and research affiliates as well as legal scholars and policy makers. The initial composition of the group will display diversity with respect to field of specialization and experience, national background, gender, and age.

Topics
The RPN organizes workshops, web-based and/or physical, on topics of mutual interest, with input (impulses) from members and invited guests. One aim is to draft and further discuss position/policy papers that are publishable, e.g. in venues like VoxEU.

Possible themes:

Regulation of banking and capital markets, and their supervisory architecture
Financial market development in Europe
Green finance: Identifying impact and measuring effectiveness
Pension system design: Challenges in building a funded system
Corporate governance issues in a world of ETF investors
Resilience in financial systems
Decentralized finance, systemic risk, and regulation
Tokenization and the future of securities market
Continental Europe’s financial architecture post-Brexit.

On Saturday, 9 December 2023, 11:20 - 12:20 (Paris time), the European Financial Architecture RPN held the Panel "Banks’ (excess) profitability when taking over a peer institution in resolution" at Sciences Po during the CEPR Paris Symposium 2023.

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Members

Franklin Allen

Interim Dean of Imperial Business School, Professor of Finance and Economics and Director of the Brevan Howard Centre Imperial College London Business School

RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance / RPN Member, Fintech and Digital Currencies

Ignazio Angeloni

Senior Fellow Senior Fellow, Mossavar-Rahmani Center for Business and Government Harvard Kennedy School

RPN Member, European Financial Architecture

Thorsten Beck

Director, Florence School of Banking and Finance; Professor of Financial Stability European University Institute

Bo Becker

Director, Swedish House of Finance; Cevian Capital Professor of Finance in the Department of Finance Stockholm School Of Economics

Tobias Berg

Full Professor of Finance Goethe University Frankfurt

Patrick Bolton

Barbara and David Zalaznick Professor Emeritus of Business and Professor Emeritus of Economics Finance Columbia University; Visiting Professor of Finance Imperial College London

Arnoud Boot

Fellow Royal Netherlands Academy of Arts and Sciences; Professor of Corporate Finance and Financial Markets University Of Amsterdam

RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Markus Brunnermeier

Edwards S. Sanford Professor of Economics and Director of the Bendheim Center for Finance Princeton University

Stijn Claessens

Executive Fellow Yale School Of Management

RPN Member, Fintech and Digital Currencies / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

João F. Cocco

Professor of Finance London Business School

RPN Member, European Financial Architecture / RPN Steering Committee, Household Finance / Fellow, Asset Pricing

Benoît Coeuré

President Autorité de la Concurrence; Member of the Executive Board European Central Bank

RPN Member, European Financial Architecture

Giovanni Dell'Ariccia

Deputy Director Research Department International Monetary Fund

Leonardo Gambacorta

Head of Innovation and the Digital Economy Bank For International Settlements

Mariassunta Giannetti

Katarina Martinson Professor of Finance Stockholm School Of Economics

RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Luigi Guiso

AXA Professor of Household Finance Einaudi Institute for Economics and Finance (EIEF)

Florian Heider

Professor of Economics Goethe University Frankfurt; Scientific Director Leibniz Institute For Financial Research (SAFE)

RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Thomas Huertas

RPN Member, European Financial Architecture

Marcin Kacperczyk

Professor of Finance Imperial College London

Hans-Helmut Kotz

Program Director of the SAFE Policy Center, Center for Financial Studies Goethe University Frankfurt; Resident Fellow, Center for European Studies and Visiting Professor of Economics Harvard University

Luc Laeven

Director-General of the Directorate General Research European Central Bank

Christian Leuz

Charles F. Pohl Distinguished Service Professor of Accounting and Finance, University of Chicago's Booth School of Business University Of Chicago

Angela Maddaloni

Research Advisor European Central Bank; Research Advisor, Directorate General Research European Central Bank

RPN Member, European Financial Architecture

Irene Monasterolo

Fellow SUERF; Full professor of Climate Finance, USE Utrecht University; Visiting professor, WU

RPN Member, European Financial Architecture / Fellow, Climate Change and the Environment

Martin Oehmke

Professor of Finance London School Of Economics And Political Science

RPN Member, Sustainable Finance / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Steven Ongena

Research Professor Ku Leuven; Senior Chair Swiss Finance Institute; Professor in Banking University Of Zurich

Marco Pagano

Professor of Finance University Of Naples Federico II

RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance / Fellow, Climate Change and the Environment

Luboš Pástor

Charles P. McQuaid Distinguished Service Professor of Finance and Robert King Steel Faculty Fellow, Chicago Booth School of Business University Of Chicago

Loriana Pelizzon

Full Professor of Economics Ca' Foscari University of Venice; Full Professor and Chair of Law and Finance Goethe University Frankfurt; Department Director of "Financial Markets" and Coordinator of Gender Equality Leibniz Institute For Financial Research (SAFE)

RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance / RPN Member, Geoeconomics