Home   |   Contact   |   Imprint   |   Intranet

Project SummaryProject StructureProject ManagementEventsPublicationsPolicy BriefsNewsletterLinks



Key Facts

  • Project Start: Feb 15 2008
  • Project End: Feb 14 2010
  • Coordinator: German Institute for Economic Research (DIW Berlin)
  • EU Contribution:
    998 170 EUR

    • // FINESS Flyer

    Upcoming Events

  • May 10-11 2010, Brussels: International Policy Conference

    • // Programme

    Recent Events

  • April 26 2010, Berlin: Advisory and Steering Committee Meeting

  • January 2010: 4th Steering Group Meeting

  • Sept 14 2009, Berlin: 3rd Steering Group Meeting

  • March 5-6 2009, Berlin: International Scientific Conference

  • March 6 2009, Berlin: 2nd Steering Group and Advisory Committee Meeting

  • Sept 8 2008, Berlin: 1st Steering Group Meeting

  • Feb 22 2008, Berlin: Kick-off Meeting

    • Consortium

    Project Structure

    FINESS puts special emphasis on the ability of financial systems to support economic efficiency and stimulate long-term growth. The analysis is carried out both at a theoretical and an empirical level. This central goal determines the project's logical scheme.

    The work in FINESS is organised in nine working packages (WPs):

  • WP1 ADVANCES IN FINANCIAL MARKET INTEGRATION
  • WP2 BANKING SYSTEMS AND THE PERFORMANCE OF FIRMS
  • WP3 PRIVATE EQUITY, VENTURE CAPITAL AND THE PERFORMANCE OF FIRMS
  • WP4 FINANCIAL SYSTEMS AND HOUSEHOLD PORTFOLIO DECISIONS
  • WP5 FINANCIAL MARKET INTEGRATION IN THE NEW MEMBER STATES
  • WP6 GENDER AND FINANCIAL MARKETS
  • WP7 FINANCIAL MARKET INTEGRATION AND POLICY EFFICIENCY
  • WP8 DISSEMINATION
  • WP9 PROJECT MANAGEMENT

    • WP1 is devoted to the development and likely future paths of financial market integration and its impact on efficiency and growth.

    The next three packages explore the impulses of changing financial systems on growth. Specifically, WP2 and WP3 discuss the role of the financial structure for start-ups and firms' innovation and expansion. The main focus in WP4 is on the impact of financial systems on portfolio decisions of households within increasingly integrated financial markets.

    As they are in the period of economic transition and catching up, the role of a changing financial system is analysed separately for the New Member States (WP5).

    FINESS also stresses the relevance of the gender for turning impulses from the financial system into changes in the real sector. This topic is addressed in WP6. The implications of financial system development and financial market integration for the optimal design of economic policy are investigated in WP7. This WP also benefits from all other WPs, as policy relevant conclusions are obtained throughout the entire project.

    FINESS logical scheme (klick to enlarge):

    Go back