Research Project FESSUD - Financialisation, Economy, Society and Sustainable Development

Financialisation, Economy, Society and Sustainable Development (FESSUD) is a five-year project, 2011 – 2016, under the European Commission 7th Framework Programme, which brings together economists and other social scientists to look at how financialisation - the increasing dominance of the financial system over other parts of the economy - has affected the performances of national economies and the global economy in the last 30 years. The following issues have been addressed:

  • the impact of financialisation on the achievement of specific economic, social, and environmental objectives;
  • the relationship between financialisation and the sustainability of the financial system, economic development and the environment;
  • the lessons to be drawn from the crisis about the nature and impact of financialisation;
  • the requisites for a financial system able to support a process of sustainable development, broadly conceived.

More on the official FESSUD website.

The role of the IPE/HWR Berlin in the FESSUD project

The HWR Berlin/IPE team:

Sigrid Betzelt, Trevor Evans, Eckhard Hein (coordination), Hansjörg Herr, Daniel Detzer, Nina Dodig

The work packages (WP) with IPE/HWR participation

European Commission Policy Brief:

  • Creel, J., Detzer, D., Labondance, F., Rodriguez, C.: Banking Risk in France, Germany and Spain, European Policy Brief, European Commission, July 2016 (Download)

Journal articles:

  • Detzer, D.: The German Financial System and the Financial Crisis, in: Intereconomics Review of European Economic Policy, Volume 49, March/April 2014, Number 2 (Download)

Book chapters:

  • Hein, E., Dodig, N., Budyldina, N.: The transition towards finance dominated capitalism: French Regulation School, Social Structures of Accumulation and post-Keynesian approaches compared, in: Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link, IPE working paper version)

FESSUD Studies in financial systems:

  • Detzer, D., Dodig, N., Evans, T., Hein, E., Herr, H.: The German Financial System, FESSUD Studies No 3, 2013, University of Leeds

Working Paper Series:

  • Argitis, G., Evans, T., Michell, J., Toporowski, J.: Finance and Crisis: Marxian, Institutionalist and Circuitist approaches, FESSUD Working Paper Series No. 39, University of Leeds / IPE Working Paper No. 45, 2014 (Download) 
  • Dodig, N., Herr, H.: Theories of Finance and Financial Crisis – Lessons for the Great Recession, FESSUD Working Paper Series No. 126, University of Leeds  / IPE Working Paper No. 48, 2015 (Download)

European Commission Policy Brief:

  • Hein, E.: Regime changes in the course of the crisis: tendencies towards mercantilism and economic policy challenges, European Policy Brief, European Commission, July 2016 (Download)

Journal articles:

  • Hein, E., Detzer, D.: Finance-dominated capitalism and income distribution: a Kaleckian perspective on the case of Germany, in: Italian Economic Journal, Vol. 1, No. 2, pp. 171-191 (Download, IPE working paper version)

Books:

  • Hein, E., Detzer, D., Dodig, N. (eds): Financialisation and the Financial and Economic Crises. Country Studies, Cheltenham: Edward Elgar, 2016 (Link)
  • Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link)

Book chapters:

  • Detzer, D., Hein, E.: Finance-dominated capitalism and its crisis in Germany: deep recession and quick recovery – Germany as a role model?, in: Truger, A., Hein, E., Heine, M., Hoffer, F. (eds.), Monetäre Makroökonomie, Arbeitsmärkte und Entwicklung/Monetary Macroeconomics, Labour Markets and Development, Festschrift für/for Hansjörg Herr, Marburg: Metropolis 2016 (Link, IPE working paper version)
  • Evans, T.: The crisis of finance-led capitalism in the United States, in: Hein, E., Detzer, D., Dodig, N. (eds): Financialisation and the Financial and Economic Crises. Country Studies, Cheltenham: Edward Elgar, 2016 (Link, IPE working paper version)
  • Detzer, D., Hein, E.: Financialisation and the crises in the export-led mercantilist Germany, in: Hein, E., Detzer, D., Dodig, N. (eds): Financialisation and the Financial and Economic Crises. Country Studies, Cheltenham: Edward Elgar, 2016 (Link, IPE working paper version)
  • Dodig, N., Hein, E., Detzer, D.: Financialisation and the financial and economic crises: theoretical framework and empirical analysis for 15 countries, in: Hein, E., Detzer, D., Dodig, N. (eds): Financialisation and the Financial and Economic Crises. Country Studies, Cheltenham: Edward Elgar, 2016 (Link, IPE working paper version)
  • Hein, E., Dodig, N.: Finance dominated capitalism, distribution, growth and crises – long-run tendencies, in: Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link, IPE working paper version)
  • Dodig, N., Herr, H.: Financial crises leading to stagnation – selected historical case studies, in: Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link, IPE working paper version)
  • Detzer, D., Herr, H.: Theories of financial crises as a cumulative process – an overview, in: Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link, IPE working paper version)
  • Evans, Trevor: Five explanations for the international financial crisis, in: Hein, E., Detzer, D., Dodig, N (eds.): The Demise Of Finance-Dominated Capitalism. Explaining the Financial and Economic Crises, Cheltenham: Edward Elgar, 2015 (Link)

Working Paper Series:

  • Evans, T., Herr, H.: Synthesis of sectoral studies of the currency, energy and residential property markets, FESSUD Working Papers Series No. 113, University of Leeds / IPE Working Paper No. 62, 2015/2016 (Download)
  • Hein, E.: Causes and Consequences of the Financial Crisis and the Implications for a More Resilient Financial and Economic System, FESSUD Working Paper Series No. 128, University of Leeds / IPE Working Paper No. 61, 2015/2016 (Download)

Journal articles:

  • Detzer, D.: Financial market regulation in Germany: capital requirements of financial institutions, in: PSL Quarterly Review, Vol. 68, No. 272, 2015 (Link, EABH working paper version)

Book chapters:

  • Detzer, D. Herr, H.: Financial regulation in Germany, in: R. Kattel, J. Kregel, M. Tonveronachi (eds.): Financial Regulation in the European Union, Routledge: London, New York, 2016 (Link)

Working Paper Series:

  • Detzer, D.: Financial Market Regulation in Germany – Capital Requirements of Financial Institutions, FESSUD Working Paper Series No. 26, University of Leeds

Betzelt, S., Santos, A.C., Lopes, C.A.: Financialisation and work: New transdisciplinary insights from micro-level survey data, FESSUD Working Paper Series No. 181, University of Leeds / IPE Working Paper No. 77, 2016 (Download)

  • Dodig, N., Herr, H.: Current Account Imbalances in the EMU: An Assessment of Official Policy Responses, in: Panoeconomicus, Vol. 62, No. 2, 2015, pp. 193 – 216 (IPE working paper version)
  • Detzer, D.: Financialisation, Debt and Inequality – Scenarios Based on a Stock Flow Consistent Model, FESSUD Working Paper Series No. 151, University of Leeds / IPE Working Paper No. 64, 2016 (Download)

Book:

  • Daniel Detzer, Nina Dodig, Trevor Evans, Eckhard Hein, Hansjörg Herr, Franz J. Prante: The German Financial System and the Financial and Economic Crisis, Cham et al.: Springer International, 2017 (Download)

Journal article:

  • Herr, H.: After the Financial Crisis: Reforms and Reform Options for Finance, Regulation and Institutional Structure, in: Journal of Economic Bibliography, Vol. 3, 172-202, 2016 (Download, IPE working paper version)
The HWR Berlin uses cookies to improve your experience on our website. By continuing to use our website you are agreeing to our use of cookies in accordance with our data privacy policy. Read more about our data privacy policy.