IKD: Innovation, Knowledge and Development

Events

Conference on Financial Institutions and Economic Security

21-22 May 2009
Regent's Park Conference Centre, London, UK

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) Jrgen Kdtler, 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 Lucy Fallon-Byrne, Irish National Centre for Partnership and Performance Jonquil Lowe, The Open University Paper: Financial innovation and mortgage security (PDF document, 53 KB) Presentation: Financial innovation and mortgage security (PDF document, 35 KB) Mariana Mazzucato, The Open University Alan Shipman, The Open University Damon Silvers, AFL-CIO Representative of the European Commission (to be confirmed)
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: