Obiettivo In the last 30 years the financial systems have grown enormously: new financial instruments have been introduced, intermediaries have expanded their activity well beyond their possibility, exposure to risk has increased almost in every country. The effect of this anomalous expansion of the financial system has been an increase in the perceived systemic risk and more instability. Because of this, finance seems to have become suddenly dangerous and detrimental for growth. And despite the large body of past evidences, many have started to argue that financial development is no longer a positive factor for capital accumulation. Though it is hard to conceive a radical change in the established theory which has highlighted the benefits for the economy accruing from a developed financial system, these events have put forward the need to redefine the role of finance and financial innovation in allocating real resources. By pivoting on four main issues, the objective of the research is indeed to provide an answer to crucial questions that have emerged from recent event:1. Inequality: The increase in inequality in many countries is thought to have been caused by an abnormal increase in the financial sector. Does finance exacerbate income inequality? To what extent? Or rather easy access to credit reduces poverty, as it has been argued by orthodox theory?2. Inefficiency: By favoring some industries and sectors more than others, does an excess of growth in the financial system cause misallocation of resources? Does financial growth cause an excess in public spending?3. Instability: Does the abnormal growth of the financial sector cause instability? Is this instability amplified in a monetary union? Can more stringent regulation and stronger coordination reduce the impact of financial cycle on the economy?4. Growth and Development: Is finance and financial development really good for growth? To what extent financial development can spur growth and capital accumulation? Campo scientifico social sciencessociologysocial issuessocial inequalities Programma(i) FP7-PEOPLE - Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Argomento(i) FP7-PEOPLE-2012-IRSES - Marie Curie Action "International Research Staff Exchange Scheme" Invito a presentare proposte FP7-PEOPLE-2012-IRSES Vedi altri progetti per questo bando Meccanismo di finanziamento MC-IRSES - International research staff exchange scheme (IRSES) Coordinatore UNIVERSITA DEGLI STUDI DI NAPOLI PARTHENOPE Contributo UE € 79 800,00 Indirizzo VIA AMMIRAGLIO FERDINANDO ACTON 38 80133 Napoli Italia Mostra sulla mappa Regione Sud Campania Napoli Tipo di attività Higher or Secondary Education Establishments Contatto amministrativo Mariangela Bonasia (Dr.) Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Costo totale Nessun dato Partecipanti (3) Classifica in ordine alfabetico Classifica per Contributo UE Espandi tutto Riduci tutto UNIVERSITA DEGLI STUDI DI NAPOLI FEDERICO II Italia Contributo UE € 50 400,00 Indirizzo CORSO UMBERTO I, 40 80138 Napoli Mostra sulla mappa Regione Sud Campania Napoli Tipo di attività Higher or Secondary Education Establishments Contatto amministrativo Carlo Panico (Prof.) Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Costo totale Nessun dato UNIVERSIDAD DE SANTIAGO DE COMPOSTELA Spagna Contributo UE € 33 600,00 Indirizzo COLEXIO DE SAN XEROME PRAZA DO OBRADOIRO S/N 15782 Santiago De Compostela Mostra sulla mappa Regione Noroeste Galicia A Coruña Tipo di attività Higher or Secondary Education Establishments Contatto amministrativo Martin Cacheiro Martinez (Mr.) Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Costo totale Nessun dato THE UNIVERSITY OF MANCHESTER Regno Unito Contributo UE € 42 000,00 Indirizzo OXFORD ROAD M13 9PL Manchester Mostra sulla mappa Regione North West (England) Greater Manchester Manchester Tipo di attività Higher or Secondary Education Establishments Contatto amministrativo Liz Fay (Ms.) Collegamenti Contatta l’organizzazione Opens in new window Sito web Opens in new window Costo totale Nessun dato