EFA
Research Policy Network (RPNs)

European Financial Architecture

Project lead

Elena Carletti

Full Professor of Finance, Finance Department Bocconi University

Jan-Pieter Krahnen

Professor of Finance emeritus Goethe University Frankfurt; Founding Director emeritus Leibniz Institute For Financial Research (SAFE)

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 and Executive Director of the Brevan Howard Centre Imperial College London Business School

Ignazio Angeloni

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

RPN Member, European Financial Architecture

Bo Becker

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

Tobias Berg

Associate Professor of Finance Frankfurt School Of Finance & Management

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

Markus Brunnermeier

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

Stijn Claessens

Head of Financial Stability Policy and Deputy Head of the Monetary and Economic Department Bank For International Settlements

Benoît Coeuré

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

RPN Member, European Financial Architecture

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)

Marcin Kacperczyk

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

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

Professor of Climate Finance EDHEC Business School; Research Programme Director EDHEC-Risk Climate

Martin Oehmke

Professor of Finance London School Of Economics And Political Science

Steven Ongena

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

Luboš Pástor

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

Loriana Pelizzon

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

Katharina Pistor

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

Jean Charles Rochet

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

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

Moritz Schularick

Associate Professor in the Department of Economics Sciences Po Paris University; Director & Professor of Economics University Of Bonn

Hyun Song Shin

Economic Adviser and Head of Research for the Monetary and Economic Department Bank For International Settlements

Tobias Tröger

Professor of Law Goethe University Frankfurt

RPN Member, European Financial Architecture

Dimitri Vayanos

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 (NBER)

Nicolas Véron

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

Xavier Vives

Professor of Economics and Finance Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

Past events