Objective
This research proposal deals with the regulation of those financial strategies and vehicles that are generally defined as'instruments of speculation' and looks at the wider societal implications of their activities. The following instruments will beconside red: hedge funds, short selling, single-stock futures and put options. The research will draw upon the work that theFellow has already initiated on hedge funds and will expand its scope by including other vehicles that are the economicequivalent of hedge f unds. The assumptions of the project are that (1) these are instruments or strategies by which marketplayers can elude regulatory restrictions and escape the costs of financial speculation and that (2) this elusion has increasinglyoccurred with the more or less implicit blessing of regulatory authorities. The fact that these instruments are increasinglyspreading throughout the investment community and are progressively more adopted by banks, mutual, pension funds, andinsurance companies makes their analysis all the more imperative.More precisely, there are wider societal reasons to pursue this investigation: first, these instruments can have a destabilisingimpact on financial markets; second, they can have real-economy consequences; and, third, they affect t he distribution of wealthacross society and can redistribute losses and gains from financial activity in favour of the most affluent part of the population.This project argues that an analysis of these factors can only be conducted by expanding the current framework within whichdiscussions of financial regulation take place, and in particular by moving beyond an exclusive preoccupation for efficiency andperformance. Against this background, the research aims at elaborating criteria for the discussion and as sessment of regulatoryproposals that respond to principles such as equality, distributive justice, market rights, and democratic accountability in themarket #'
Fields of science (EuroSciVoc)
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP6-2002-MOBILITY-6
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
OIF - Marie Curie actions-Outgoing International Fellowships
Coordinator
COVENTRY
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.