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Financial systems, efficiency and stimulation of sustainable growth

Objective

The main purpose of FINESS is to get a clear understanding of the implications of ongoing financial market integration in Europe on economic growth, employment and competitiveness, to identify likely future paths of the development and to draw policy relevant conclusions. Several main breakthroughs will be achieved throughout the project. On the macroeconomic level, the role of financial systems and their transmission channels on growth will be explored by innovative and tailor made econometric techniques, taken dynamic interactions between financial, product and labour markets into account. A range of indicators to measure the degree of financial integration will be constructed, and their development in time will be addressed. Moreover, insights into the working of financial institutions will be provided for the microeconomic level. The comparative approach undertaken by FINESS is especially useful to uncover catalysts and bottlenecks in the architecture of financial systems. By investigating unique datasets, the role of the financial structure, i.e., the banking sector, markets for private equity and venture capital, for improving efficiency and sustainable expansion of start ups and established firms is studied. The impacts of different degrees of financial integration on the portfolio decisions of households are explored with simulation models. Topics specifically related to the transition period of the New Member States as well as the gender dimension in turning impulses from the financial system into efficiency and growth are covered by the project. By fulfilling its goals, FINESS will provide in-depth knowledge on the relationship between financial systems and sustainable economic growth in a changing environment.

Field of science

  • /social sciences/economics and business/economics/sustainable economy
  • /social sciences/economics and business/business and management/employment

Call for proposal

FP7-SSH-2007-1
See other projects for this call

Funding Scheme

CP-FP - Small or medium-scale focused research project

Coordinator

DEUTSCHES INSTITUT FUR WIRTSCHAFTSFORSCHUNG DIW (INSTITUT FUR KONJUNKTURFORSCHUNG) EV
Address
Mohrenstrasse 58
10117 Berlin
Germany
Activity type
Research Organisations
EU contribution
€ 430 692
Administrative Contact
Tatjana Ribakoff (Dr.)

Participants (7)

CENTRE D'ETUDES PROSPECTIVES ET D'INFORMATIONS INTERNATIONALES
France
EU contribution
€ 46 928
Address
Rue Georges Pitard 9
75740 Paris
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Administrative Contact
Laurence Nayman (Ms.)
THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE
United Kingdom
EU contribution
€ 113 460
Address
Trinity Lane The Old Schools
CB2 1TN Cambridge
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Barker Dawn (Ms.)
IFO INSTITUT LEIBNIZ INSTITUT FUR WIRTSCHAFTSFORSCHUNG AN DER UNIVERSITAT MUNCHEN EV
Germany
EU contribution
€ 85 770
Address
Poschinger Strasse 5
81679 Muenchen
Activity type
Research Organisations
Administrative Contact
Timo Wollmershäuser (Dr.)
UNIVERSITEIT GENT
Belgium
EU contribution
€ 101 520
Address
Sint Pietersnieuwstraat 25
9000 Gent
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Saskia Vanden Broeck (Ms.)
EBERHARD KARLS UNIVERSITAET TUEBINGEN
Germany
EU contribution
€ 139 880
Address
Geschwister-scholl-platz
72074 Tuebingen
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Andreas Rothfuss (Dr.)
Iceg European Center Kutató És Tanácsadó Kft.
Hungary
EU contribution
€ 53 180
Address
Nagyida Street 9
1112 Budapest
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Gábor Pellényi (Mr.)
INSTITUTE FOR MARKET ECONOMICS
Bulgaria
EU contribution
€ 26 740
Address
Patriarh Evtimii Blvd., Fl.3 61
1463 Sofia
Activity type
Other
Administrative Contact
Svetla Kostadinova (Ms.)