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. 

Members

Franklin Allen

Professor of Finance and Economics, Director of the Brevan Howard Centre, Vice Dean of Research and Faculty 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 of Government

RPN Member, European Financial Architecture

Thorsten Beck

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

Bo Becker

Cevian Capital Professor of Finance in the Department of Finance Stockholm School Of Economics

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

Tobias Berg

Associate Professor of Finance Frankfurt School of Finance & Management

RPN Member, European Financial Architecture

Patrick Bolton

Professor of Finance and Economics Imperial College London - Business School

Arnoud Boot

Research Fellow Centre for Economic Policy Research; 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, Director of the Bendheim Center for Finance Princeton University

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

Stijn Claessens

Deputy Head of Monetary and Economic Department Bank For International Settlements

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

Joao 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

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

Leonardo Gambacorta

Head of Innovation and the Digital Economy Bank For International Settlements

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

Mariassunta Giannetti

Research Fellow Centre for Economic Policy Research; 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 Economics and Finance Einaudi Institute for Economics and Finance (EIEF)

Fellow, Macroeconomics and Growth / Fellow, Political Economy / RPN Steering Committee, Household Finance / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

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

Marcin Kacperczyk

Professor of Finance, Imperial College London Business School London Business School

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

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

Research Fellow Centre for Economic Policy Research; Director-General of the Directorate General Research European Central Bank

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

Christian Leuz

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

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

Angela Maddaloni

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

Irene Monasterolo

Senior research fellow Boston University; Professor Edhec Business School; Senior research fellow

RPN Member, European Financial Architecture

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 Universitat Zurich

Marco Pagano

Professor of Finance University Of Naples Federico Ii

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

Lubos Pastor

Charles P. McQuaid Professor of Finance, University of Chicago Booth School of Business University of Chicago

Fellow, Political Economy / RPN Member, European Financial Architecture / Fellow, Asset Pricing

Loriana Pelizzon

Professor of Law and Finance at the Leibniz Institute for Financial Research SAFE Goethe University Frankfurt

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

Katharina Pistor

Michael I. Sovern Professor of Law and Director of the Center on Global Legal Transformation, Columbia Law School Columbia University

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

Jean Charles Rochet

Research Director at Institut D’Économie Industrielle Toulouse 1 Capitole University; Professor of Economics Toulouse School Of Economics

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

Zacharias Sautner

Professor of finance Frankfurt School of Finance & Management

RPN Member, Sustainable Finance / RPN Member, European Financial Architecture

Isabel Schnabel

Member of the Executive Board European Central Bank; Professor of Financial Economics (on leave) University Of Bonn

Dirk Schoenmaker

Professor of Banking and Finance, Rotterdam School of Management Erasmus University Rotterdam

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

Hyun Song Shin

RPN Member, Central Bank Communication / RPN Member, Fintech and Digital Currencies / RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Dimitri Vayanos

Research Fellow Centre for Economic Policy Research; Professor of Finance and Director, Paul Woolley Centre for the Study of Capital Market Dysfunctionality, LSE London School of Economics and Political Science; Research Associate National Bureau Of Economic Research

RPN Member, European Economic Architecture / RPN Member, European Financial Architecture / Fellow, Asset Pricing

Nicolas Véron

Senior Fellow Bruegel; Senior Fellow Peterson Institute for International Economics (PIIE)

Xavier Vives

Research Fellow Centre for Economic Policy Research; Professor of Economics and Finance Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

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