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. 

EFA RPN Session at the CEPR Paris Symposium 2023

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

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

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

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

RPN Member, European Financial Architecture / RPN Steering Committee, Sustainable Finance / Fellow, Banking and Corporate Finance / Fellow, Organizational Economics

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

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

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

RPN Member, European Economic Policy / 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

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 at Imperial College 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

Director-General of the Directorate General Research European Central Bank

RPN Member, European Economic Policy / RPN Member, European Economic Policy / 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

RPN Member, European Financial Architecture

Irene Monasterolo

Professor at Utrecht University School of Economics Utrecht University

RPN Member, European Financial Architecture

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

Loriana Pelizzon

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)

Enrico Perotti

Founder and Director of the Research Platform 'A Sustainable Future' at UVA Member of the ESRB Advisory Scientific Committee European Central Bank; Professor of International Finance University Of Amsterdam

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

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

Jean Charles Rochet

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

Zacharias Sautner

Senior Chair Swiss Finance Institute; Professor of Sustainable Finance at the Department of Banking and Finance University Of Zurich

Isabel Schnabel

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

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

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

Moritz Schularick

President Kiel Institute For The World Economy; Professor of economics Sciences Po Paris; Director & Professor of Economics University Of Bonn

Hyun Song Shin

Co-Lead of the Monetary and Economic Department and Senior Management Member of the Executive Committee Bank For International Settlements

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

Tobias Tröger

Professor of Law Goethe University Frankfurt

RPN Member, European Financial Architecture

Dimitri Vayanos

Professor of Finance and Director of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality London School Of Economics And Political Science; Research Associate National Bureau Of Economic Research (NBER)

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

Nicolas Veron

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

Xavier Vives

Professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy and Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

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