FINANCIALISATION AND THE FINANCIAL CRISIS CONFERENCE FESSUD ANNUAL CONFERENCE



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This project is funded by the European Union under the 7th Research Framework programme 17-19th October 2013 Amsterdam FINANCIALISATION AND THE FINANCIAL CRISIS CONFERENCE FESSUD ANNUAL CONFERENCE Crowne Plaza Schiphol - Amsterdam PROGRAMME - Day 1 THURSDAY 17TH OCTOBER 2013 08:30-09:00 Registration 09:00-09:05 Conference Opening 09:05-11:00 Session 1 Day 1: Comparative analyses of the changing role of finance in economy and society Chairs: Andrew Brown and David Spencer (Leeds University Business School) Variegated financialisation? A comparative analysis of the changing role of finance in economy and society Andrew Brown and David Spencer (Leeds University Business School) The Process of Financialisation: a Comparison Marco Veronese Passarella (Leeds University Business School) Thinking about financial systems Malcolm Sawyer (Leeds University Business School) 11:00-11:15 Coffee 11:15-13:00 Session 2 Day 1: Theoretical Advances on Financialisation: An Encompassing Approach Chair: Giuseppe Fontana (Leeds University Business School) The Mainstream Approach Alessandro Vercelli (University of Siena) Marxian theories of crisis Trevor Evans (HWR Berlin) Q&A session 13:00-14:00 Lunch 14:00-15:00 Session 3 day 1: Keynote Speaker Chair: Malcolm Sawyer (Leeds University Business School) Variegation, Financialization, and the Financial Crisis Bob Jessop (University of Lancaster) 15:00-15:15 Coffee

15:15-17:00 Session 4 Day 1: Comparative perspectives on evolution of financial regulation in European economies Chair Rainer Kattel (Tallinn University of Technology) Panel session: Capital, Openness and Single European Act: what has changed? Discussants include representatives from HWR Berlin, OFCE, and Tallinn University of Technology. Also including a talk from Jan A Kregel 17:00-18:00 Session 5 Day 1: Paper sessions (Meeting rooms Rose 1 & Rose 2) 17:00-17:30 Session 5a Day 1 Finance, Financialisation and Accumulation in South Africa Sam Ashman (University of Johannesburg) Susan Newman (International Institute of 17:00-17:30 Session 5b Day 1 (Meeting room: Rose 2) The Shadow Banking System and the Financial Crisis:A Securities Production Function View Photis Lysandrou (City University London) Anastasia Nesvetailova (City University London) Social Studies) 17:30-18:00 Session 5c Day 1 International and Domestic Financialisation in Middle-Income Countries: The Brazilian Case Annina Kaltenbrunner (University of Leeds) Juan Pablo Painceira (Central Bank of Brazil) 18:00-19:00 Session 6 day 1: Keynote Speaker Chair Malcolm Sawyer (Leeds University Business School) A financial sector to serve the real economy Stephany Griffiths Jones (Columbia University) 19:00-19:15 Close of day Malcolm Sawyer (Leeds University Business School) 20:00 Dinner (optional during registration)

This project is funded by the European Union under the 7th Research Framework programme 17-19th October 2013 Amsterdam FINANCIALISATION AND THE FINANCIAL CRISIS CONFERENCE FESSUD ANNUAL CONFERENCE Crowne Plaza Schiphol - Amsterdam. PROGRAMME - Day 2 FRIDAY 18TH OCTOBER 2013 08:40-08:45 Conference Opening 08:45-11:15 Session 1a Day 2: Causes and consequences of the financial crisis Chair: Eckhard Hein (HWR Berlin) Theories of financial crisis Hansjörg Herr and Daniel Detzer (HWR Berlin) Review of previous financial crises Hansjörg Herr and Nina Dodig (HWR Berlin) Overview of the changes in the relationship of the real and the financial sector (financialisation) Eckhard Hein and Nina Dodig (HWR Berlin) Monetary policy in US Yanis Varoufakis (tbc) (National & Kapistrodian University, Athens) Enhanced funds seeking higher returns. Szabolcs Szikszai (University of Pannonia) Deregulation Ozgur Orhangazi (tbc) (Middle East Technical University) 11:15-11:30 Coffee

11:30-14:15 Session 1b Day 2: Causes and consequences of the financial crisis Chair: Eckhard Hein (HWR Berlin) Role of incentives, securitization, contagion Alessandro Vercelli and Giampaolo Gabbi (University of Siena) Functional income distribution Jo Mitchell (SOAS University of London) Subprime mortgages and MBS Paweł Marszalek and Michal Jurek (Poznan University of Economics) Risk management and transmission Sérgio Lagoa (University of Lisbon) International imbalances and the savings glut Carlos A. Carrasco and Felipe Serrano (Universidad del Pais Vasco) Overview of factors generating and transmitting the financial crisis Trevor Evans (HWR Berlin) 14:15-15:15 Lunch 15:15-16:45 Session 2 Day 2: Financial stability and macroeconomic policies Chair: Jérôme Creel (OFCE) Micro financial stability and economic performance: some preliminary results Jérôme Creel, Paul Hubert and Fabien Labondance (OFCE) Inflation stability and financial volatility: is there a link? Christophe Blot, Jérôme Creel, Paul Hubert, and Francesco Saraceno (OFCE) Disentangling interest rate and credit channels of the conventional and unconventional ECB monetary policy since the financial crisis Jérôme Creel, Paul Hubert and Mathilde Viennot (OFCE) 16:45-17:00 Coffee 17:00-18:00 Session 3 Day 2: Keynote Speaker Chair: Malcolm Sawyer (Leeds University Business School) What can we Learn from Previous EU-7FP Projects about Macroeconomics and the Challenges ahead Brigitte Young (University of Műnster)

18:00-19:00 Session 4 Day 2: Paper presentations (Meeting room Rose 1&2) 18:00-18:30 Session 4a Day 2 Debt Servicing, Aggregate Consumption and Growth Mark Setterfield & Yun Kim (Trinity College, USA) 18:00-18:30 Session 4b Day 2 (Meeting room Rose 2) Work on strategies against financialisation and capitalist oligarchies Judith Dellheim (Rosa Luxemburg Foundation) 18:30-19:00 Session 4c Day 2 The sustainability of a creative-finance-led economy Antonio Bianco & Paolo Piacentini (DISSE, Sapienza University of Rome) 18:30-19:00 Session 4d Day 2 (Meeting room Rose 2) Financial political power in the context of crisis: The case of the European Financial Transaction Tax Manolis Kalaitzake (University College Dublin) 19.00-19:45 Session 5 Day 2: EU Projects on a similar theme Chair: Malcolm Sawyer SYRTO project: Contents, Objectives, and Structure Andre Lucas (Vrije Universiteit Amsterdam) RASTANEWS: A bird s eye view Patrizio Tirelli (University of Milano Bicocca) 19:45-19:50 Close of day 20:00 Dinner (optional during registration)

This project is funded by the European Union under the 7th Research Framework programme 17-19th October 2013 Amsterdam FINANCIALISATION AND THE FINANCIAL CRISIS CONFERENCE FESSUD ANNUAL CONFERENCE Crowne Plaza Schiphol - Amsterdam PROGRAMME - Day 3 SATURDAY 19TH OCTOBER 2013 09:00-09:05 Conference Opening 09:05-11:00 Session 1 day 3: Financialisation and well-being (Meeting Room Rose 1) Chair: Ana Santos Recent trends in household financial behaviour Ana Santos & Nuno Teles (Centro de Estudos Sociais - CES, Portugal) Material and cultural aspects of financialisation Ben Fine (SOAS, University of London) Finance, gender and the ethics of care: ideas for inclusive finance Irene van Staveren (International Institute of Social Sciences, The Hague) Has the Financial Crisis Really Improved Well-Being? Andrew Brown & David Spencer (Leeds University Business School) 11:00-11:15 Coffee 11:15-13:15 Session 2 day 3: Finance, environment and sustainability Chair: Alessandro Vercelli (University of Siena) Financialization and Sustainability: critical foundations Eric Clark (Lund University) Kenneth Hermele (Lund University) Transition to a sustainable energy system: the impact of the Great Recession, the Fukushima nuclear accident and fossil fuel prices Andreas Papandreou (National & Kapistrodian University of Athens) Financial markets and sustainability: recent experience and future prospects Giampaolo Gabbi (University of Siena) 13:15-1 4:15 Lunch

14:15-15:15 Session 3 Day 3: Paper sessions (Meeting rooms Rose 1 & Rose 2) 14:15-14:45 Session 3a Day 3 Financialization and economic growth: the role of the external sector in developing countries. The Mexican experience Noemi Levy (The Universidad Nacional Autónoma de México) Session 3b Day 3 (Meeting room: Rose 2) Everyday Family Experiences of the Financial Crisis: Coping and Consuming During the Recent Economic Recession Dr Sarah Marie Hall (University of Manchester) 14:45-15:15 Session 3c Day 3 The politics of financialization Andreas Nölke, presenting author & Marcel Heires (Goethe University Frankfurt, Germany) Session 3d Day 3 (Meeting room Rose 2) Why is it so difficult and complex to solve the Euro problem? Dr. Sakir Devrim Yilmaz (University of Manchester) Prof. Burak Saltoglu (Istanbul Bogazici University) Hans Jürgen Bieling (University Tübingen, Germany) 15:15-17:15 Session 4 day 3: Financialisation and the real economy Chair: Wlodzimierz Dymarski Financing sustainable development Marek Urbaniak (Poznan University of Economics) Theoretical basis for analysing differences in structures of financial services provided by financial organisations of different forms of ownership. Janusz Tomidajewicz (Poznan University of Economics) Report on the structure of ownership in the financial sector across the EU Michal Jurek (Poznan University of Economics) The Nature, Performance and Economic Impact of Sovereign Wealth Funds Christop Pitelis (National and Kapistrodian University of Athens) 17:15-17:30 Conference Wrap-up 20:00 Dinner (optional during registration)