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LSE launches financial markets research programme in partnership with Swiss Re

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LSE has launched a formal partnership with Swiss Re, one of the world’s largest reinsurers, to support an 18-month research programme to investigate the stability of financial markets, the health of private capital markets and more specifically the environment in which long-term investors operate. Read the official press release.

The project, led by the FMG's Simeon Djankov, got underway on 14th November with an event entitled 'The Big Ease - Monetary policy: what's next, what about structural reforms and capital markets?', with Ricardo Reis (LSE) and Jérôme Haegeli (Swiss Re) also speaking. The roundtable discussion presented preliminary results from the two research themes and invited participants to contribute to help shape the research agenda.

Read a summary of the roundtable discussion

Papers and speakers' slides can be accessed below:

Theme 1: The role of the central-bank balance sheets for capital markets

  • Ricardo Reis, A W Phillips Professor of Economics, is exploring in what ways and toward what objectives should the size and composition of central bank balance sheets be used as a tool of monetary policy in the future.

Paper: Federal Reserve Bank of Kansas City’s Economic Symposium at Jackson Hole: ‘Funding Quantitative Easing to Target Inflation’ (25 August 2016).

Speaker's SlidesFunding Quantitative Easing to Target Inflation, Ricardo Reis

Theme 2: The effect of loose monetary policy on structural reforms

  • Simeon Djankov, Executive Director, FMG, is investigating the elasticity of reforms to expansive monetary policy in a low interest rate environment.

Paper: Peterson Institute for International Economics’ Economic Issues Watch: 'Will Europe's Reform Momentum Continue?’ (16 August 2016).

Speaker's SlidesRegulatory Reform, Fiscal Crises and the Cost of Government Borrowing, Simeon Djankov

  • Jérôme Haegeli, Managing Director at Swiss Re.

Speaker's SlidesThe case for strengthening private capital markets, Jérôme Haegeli, Managing Director at Swiss Re

For more information, contact:

Liz Bunting, FMG Centre Manager, e.bunting@lse.ac.uk or 0207 955 6206