The purpose of the Financial Institutions and Economic Security project is to delve into the role of financial institutions in supporting or undermining economic security in the advanced nations of the West, and the implications for industrial innovation and economic performance.
At the conference to be held in London on 21-22 May, 2009, we will consider the influence of financial institutions on employment security, retirement security, and housing security, as well as the interrelations among these forms of economic security in North America and Europe. Besides creating a forum for debating these issues, we expect that the conference will generate a published volume as well as an agenda and working group for further research.
Conference organisers
William Lazonick, University of Massachusetts Lowell
Mariana Mazzucato, The Open University
Conference programme
Thursday, 21 May 2009
| 09:00 |
Registration and coffee |
| 09:30 |
Welcome – Mariana Mazzucato (IKD Director and FINNOV FP7 Project Coordinator)
Introductory Remarks – William Lazonick (Conference Organiser) |
| 10:00 |
Session One
Employment security and the stock market
Chair: Keith Smith, Imperial College, London and Department of Innovation, Universities and Skills, London
- William Lazonick, University of Massachusetts Lowell
 Presentation: Financial Institutions and Economic Security (PDF document, 271 KB)
Paper: The New Economy Business Model and the Crisis of US Capitalism (PDF document, 400 KB)
Presentation: The New Economy Business Model and the Crisis of US Capitalism (PDF document, 192 KB)
- Andrew Tylecote, Sheffield University
Abstract: How the deficiencies of the financial system reduce spending on technological innovation and diffusion (PDF document, 37 KB)
Paper: How the deficiencies of the financial system reduce spending on technological innovation and diffusion (PDF document, 57 KB)
Presentation: How the deficiencies of the financial system reduce spending on technological innovation and diffusion (PDF document, 67 KB)
- Yannick Lung and Matthieu Montalban, Université Montesquieu-Bordeaux IV
Abstract: Employment security and the stock market: the French case (PDF document, 15 KB)
Presentation: Employment security and the stock market: the French case (PDF document, 714 KB)
- Jürgen Kädtler, Soziologisches Forschungsinstitut Göttingen
Paper: Risking relegation or staying in the first league (PDF document, 1.27 MB)
Abstract: Financial Markets and Workers Representation in Germany (PDF document, 25 KB)
Discussant: Janet Williamson, Trades Union Congress |
| 12:00 |
Lunch |
| 13:00 |
Session Two
Retirement security and pensions
Chair: Beth Almeida, National Institute on Retirement Security
- Christian Weller, University of Massachusetts Boston
Abstract: Risk Matters: Retirees Exposed to Growing Risks (PDF document, 18 KB)
Paper: Risk Matters: Retirees Exposed to Growing Risks (PDF document, 134 KB)
Presentation: Risk Matters: Retirees Exposed to Growing Risks (PDF document, 56 KB)
- Richard Minns, Sheffield University
Abstract: Missing the Point; Financial Crises Are not the Issue, at least for Pensions (PDF document, 42 KB)
Paper: Missing the Point; Financial Crises Are not the Issue, at least for Pensions (PDF document, 42 KB)
- Pierre Concialdi, IRES, Paris
Abstract: Retirement Security and Pensions: The French Experience (PDF document, 42 KB)
Paper: Retirement Security and Pensions: The French Experience (PDF document, 200 KB)
Presentation: Retirement Security and Pensions: The French Experience (PDF document, 555 KB)
- Sigurt Vitols, Wissenschaftszentrum-BerlinRethinking Pension Policy
Presentation: Rethinking Pension Policy (PDF document, 63 KB)
- Teresa Ghilarducci, New School for Social Research
Video appearance. Watch her presentation
Discussant: Bryn Davies, Union Pension Services Limited |
| 15:00 |
Coffee Break |
| 15:30-17:30 |
Session Three
Housing security and mortgages
Chair: Alan Shipman, The Open University
- Damon Silvers, AFL-CIO
- John Doling, Birmingham University, Nick Horsewood, Birmingham University, Peter Neuteboom, Delft University of Technology and Erasmus University
Paper: An Alternative Approach to Pension Finance: the Case of Reverse Mortgages (PDF document, 343 KB)
Presentation: An Alternative Approach to Pension Finance: the Case of Reverse Mortgages (PDF document, 337 KB)
- Claude Dupuy, Université Montesquieu-Bordeaux IV
Abstract: Financialisation, inequalities and housing crisis (PDF document, 71 KB)
Paper: Financialisation, inequalities and housing crisis (PDF document, 263 KB)
Presentation: Financialisation, inequalities and housing crisis (PDF document, 375 KB)
- Marja Elsinga and Janneke Toussaint, Delft University of Technology
Abstract: Households perceptions of building and consuming housing assets in 4 EU countries (PDF document, 20 KB)
Presentation: Households perceptions of building and consuming housing assets in 4 EU countries (PDF document, 2.44 MB)
-
Discussant: Howard Gannaway, National Institute of Adult Continuing Education |
Friday, 22 May 2009
| 09:00 |
Coffee |
| 09:30 |
Session Four
Summary of Thursday's sessions
William Lazonick |
| 10:00 |
Session Five
Financial institutions for economic security
Roundtable discussion
Moderator: Brian Groom, The Financial Times
|
| 12:00-13:00 |
Lunch |
Download the conference programme (PDF document, 803 KB)
Conference sponsors
The conference is sponsored by the Open University's Centre for Innovation, Knowledge and Development (IKD) and FINNOV, an EC FP7 project coordinated by IKD.
The 3 year project FINNOV: Finance, Innovation & Growth is funded under the FP7 theme: The role of finance in growth employment and competitiveness in Europe (SSH-2007-1.2.3). FINNOV is made up of 7 work packages, each led by one of the 7 participating universities in 4 European countries:
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