Tommaso Padoa-Schioppa Chair

in European Economic and Monetary Integration

 

‘I am delighted to take up this post in honour of Tommaso Padoa-Schioppa, who was a close friend and intellectual colleague. I propose to make the Chair a centre of research and outreach to academics and practitioners in the domain that he did so much to create. These are difficult but exciting times in the construction of Europe. There is much to be done, and the EUI is the ideal place to do it.’

Richard Portes
Inaugural holder of the Tommaso Padoa-Schioppa Chair
 

The programme focuses on the analytical challenges and policy responses of international macroeconomics and finance in Europe.

The Eurozone crisis has revealed the need to design economic institutions that can support a ‘currency without a state’ in the context of a wider European Union. Financial integration and financial regulation further broaden the domain beyond strictly monetary questions.

Such a project requires not only political will and diplomatic negotiation, but also research that explores pragmatically various alternatives.

Topics


The research programme includes:

  • Consequences of the global financial crisis: the Eurozone debt overhang; the stagnation of Eurozone economic activity since the recovery of mid-2009 through mid-2011; and financial disintegration
  • Debt and deleveraging: the relation between private and public sector debt, domestic and foreign debt, balance sheets. Dealing with debt: restructuring, PSI, OSI
  • Financial regulation: responses to the crisis, the new institutional and legislative framework and its weaknesses, threats to financial stability. Monetary union and financial regulation
  • Risk-sharing among governments in the EU, in particular the Eurozone: what is needed (Eurobonds?), what is feasible
  • Economic, financial and political relations between the Eurozone and non-members in the European Union
  • The threat of secular stagnation in Europe: demography, technical progress, and the macroeconomy. Will equilibrium real interest rates be ‘historically low’ in the next decade?
  • Political and economic prerequisites for economic policy coordination
  • The role of the euro in a multipolar international financial system

Events


All events

Seminars


  • 8 November 2016 - 15:00 - Liquidity, Government Bonds and Sovereign Debt Crises (Francesco Molteni, Max Weber Fellow)
  • 13 December 2016 - 15:00 - Regulating Excessive Speculation: The Global Food Crisis and '[T]urning the page on an era of irresponsibilty'? (Anna Chadwick, Max Weber Fellow)
  • 16 March 2017 - 15:00 - Title TBC (Vera Scepanovic, Max Weber Fellow) & Title TBC (Silvia Calò, Max Weber Fellow)
  • 16 May 2017 - 15:00 - Financial Frictions and Occupational Choices (Lian Allub, Max Weber Fellow)

All seminars take place in the Seminar/Meeting Room at Villa Raimondi (Villa Schifanoia Campus).

 

Tommaso Padoa SchioppaTommaso Padoa-Schioppa, (23 July 1940 – 18 December 2010) was a former Minister of Economy and Finance in Italy, a long-time member of the European Central Bank executive board, and former President of the Basel Committee on Banking Supervision.

Mr. Padoa-Schioppa is widely considered to be a founding father of the European single currency. He was a firm believer in the benefits of, and the need for, a single global financial reporting language in international financial markets.

His publications include The Euro and its Central Bank (2004), Regulating Finance: Balancing Freedom and Risk (2004) andEuropa una pazienza attiva (2006).

PortesRichardRichard Portes, inaugural holder of the Tommaso Padoa-Schioppa Chair at the EUI, is Professor of Economics at London Business School, Founder and President of the Centre for Economic Policy Research (CEPR), and Co-Chairman of the Board of Economic Policy.

He is an elected Fellow of the Econometric Society and of the British Academy. He is a member of the Advisory Scientific Committee to the European Systemic Risk Board, of the Steering Committee of the Euro50 Group, and of the Bellagio Group on the International Economy.

His current research interests include international macroeconomics, international finance, European bond markets and European integration. He holds three honorary doctorates.

 

Chair Holder


PortesRichardRichard Portes

Max Weber Fellow


CaloSilviaSilvia Calò

 

Donors


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Contacts


Sarah St John 
Email: tps@eui.eu 
Tel. [+39] 055 4685 - 817 

Page last updated on 23 January 2017