European Research Centre for
Economic and Financial Governance
euro-cefg.eu
Research Agenda
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Research Agenda
EURO-CEFG
1.
CENTRAL RESEARCH QUESTION
What governance is needed to support financial stability and sustainable economic growth in the European Union?
2.
RESEARCH TOPICS
We have substantiated the central research question in two main themes. Importantly, our aim was to integrate
the perspectives of the three disciplines brought together in this project – viz. law, economics & finance, and
political science – in each of these two main research themes.
A. CHALLENGES OF FINANCIAL REGULATION AND SUPERVISION
a.
Should the regulation of financial firms be reformed?
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b.
Should the regulation of financial transactions be reformed?
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c.
‘regulation’ refers to all types of rules and includes both public law, private law and soft law, relates
to both rules themselves and to their enforcement
‘financial firms’ include, inter alia, banks, pension funds, credit rating agencies and trading facilities
this topic may be approached from a prudential/capital requirements perspective
this topic may be approached from a rules of conduct perspective and include
corporate governance, harmonization of conduct supervision, ethics
Is a case to be made for/against insolvency carve outs (netting, collateralized transactions)?
Should shadow banking transactions and entities be regulated?
How should decision/law-making pertaining to financial crisis management be organized?
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concerns the interaction both between public and private regulation as well as between supranational and national regulation
concerns the impact of financial Europeanization on national systems
addresses the question, how to minimize the disruptive effects of a financial crisis?
includes the law, economics and politics of the EU Banking Union
B.
INSTITUTIONAL CHALLENGES FOR EU FISCAL AND MONETARY POLICY
a.
The Economic Governance of the EU
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b.
Legal, economic and political foundations of the division of power between the EU institutions,
Member States and financial regulators
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c.
the economics of EU sustainability: optimal currency areas, fiscal & monetary policy
sustainable economic growth and employment
the legal, political and historical determinants of EU evolution
Which way forward?
‘financial regulators’ include ECB, ESAs (EBA, ESMA, EIOPA), the ECB and the European Commission
External and internal dimensions of EU governance
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concerns new measures and initiatives such as, inter alia, ESM and SRF
concerns relationships with global actors such as, inter alia, G20 and FSB
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EURO-CEFG
The European Research Centre for Economic and Financial Governance (EUROCEFG) is a joint research initiative initiated by researchers from the Leiden University, Delft University of Technology and Erasmus University Rotterdam.
It aims at building a trans-European network of high-quality researchers and
societal stakeholders around the interdisciplinary theme of Economic and Financial Governance in the EU.
EURO-CEFG facilitates scientific cooperation of researchers and research
groups with different disciplinary backgrounds and with expertise in the different
areas linked to economic, monetary and financial (market) governance.
RESEARCH FELLOWS
Fabian Amtenbrink,
Erasmus University Rotterdam
(Scientific Director EURO-CEFG)
Stefaan van den Bogaert,
Leiden University
Martijn Groenleer,
Delft University of Technology
Matthias Haentjens,
Leiden University
Markus Haverland,
Erasmus University Rotterdam
Klaus Heine,
Erasmus University Rotterdam
Madeleine Hosli,
Leiden University
Alessio M. Pacces,
Erasmus University Rotterdam
René Repasi,
Erasmus University Rotterdam
(Scientific Coordinator EURO-CEFG)
RESEARCH ASSOCIATES
Dariusz Adamski, University of Wrocaw • Kern Alexander, University of Zürich • Franklin Allen, Imperial
College London • Damian Chalmers, LSE • Christoph Herrmann, University of Passau • Claire A. Hill,
University of Minnesota • Rosa María Lastra, Queen Mary University of London • Dan Kelemen, Rutgers
University • Deborah Mabbett, Birkbeck University of London • Donato Masciandaro, Bocconi University •
Christoph Ohler, Friedrich Schiller University of Jena • Katharina Pistor, Columbia Law School • Dagmar
Schiek, Queen’s University Belfast • Paul Schure, University of Victoria • Takis Tridimas, King’s College
London • Amy Verdun, University of Victoria