Research event

State, risk and society (STARS) project final conference

The STARS final conference will discuss with leading experts from Europe and overseas how the economic and subsequent political crises have impacted on the role of the state in relation to the financial sector and how each of these relationships – regulator, service provider, owner, and democratic agent – are shaped by perceptions of risk associated with financial markets or how risk perceptions are shaped by those relationships. Sponsored by the Federal Ministry of Education and Research.

The financial crisis has created and revealed economic vulnerabilities of modern societies, which industrialized countries had assumed that they had overcome a long time ago. It brought back parallels to the Great Depression in Europe and North America. The gravity of the effects of the financial crisis contrasts strikingly with the limited attempts to analyze the causes and dynamics and to learn lessons from it. The STARS final conference will discuss with leading experts from Europe and overseas how the economic and subsequent political crises have impacted on the role of the state in relation to the financial sector and how each of these relationships – regulator, service provider, owner, and democratic agent – are shaped by perceptions of risk associated with financial markets or how risk perceptions are shaped by those relationships. We will focus on understanding changes in the relationship of the state, society and the financial sector to gain a broader understanding of the causes and consequences of the global financial crisis of 2008. Sponsored by the Federal Ministry of Education and Research.

Full programme below:

Monday, 11 February 2019
Hertie School Forum, 1st floor

13:00 - 14:00 Registration and coffee and snacks/light lunch

14.00 Welcome by Kai Wegrich, Mark Hallerberg, Anke Hassel & Mark Kayser

14:30 – 15:30 PART I: STARS – findings: what we have learned?
Kai Wegrich, Mark Hallerberg, Anke Hassel & Mark Kayser

15:30 – 16:30 Keynotes by

-Dennis Quinn (Georgetown University)
-Johan Christensen (Leiden Univeristy)
Followed by open discussion and debate

16:30 – 17:00 Coffee break

17:00 – 18:00 Keynotes by

-Nita Rudra (Georgetown University)
-Natascha van der Zwan (Leiden University)
Followed by open discussion and debate

18:00 – 19:00 Refreshments

Tuesday 12 February 2019
09:00 - 10:30
PART II: Parallel sessions

Session 1: In the line of fire? The regulatory state after the crisis (Room 3.30)
Chaired by  Kai Wegrich. Presenters: Carlos Pereira (University of Rio), Johan Christensen (Leiden University), Jacint Jordana (UPF), Manuela Moschella (Scuola Normale Superiore), Tobias Bach (University of Oslo)

Session 2: State as (bank) owner (Room 3.32)
Chaired by Mark Hallerberg. Presenters: Lucia Quaglia (University of Bologna), Jonas Magraf (Oxford University), Mark Copelovitch (University of Wisconsin), Despina Alexiadrou (Strathylde University), Catherine Wong (University of Luxembourg)

10:30 – 10:45 Coffee break

10:45 - 12:15 PART II: Parallel sessions

Session 3: The political economy of pension financialisation: public policy responses to the crisis. (Room 3.30)
Chaired by Anke Hassel. Presenters: Karen Anderson (UCD), Bernhard Ebbinghaus (Oxford University), Pieter Tuytiens (LSE), Natasha Zwan (Leiden University), Tobias Wiss (University of Linz)

Session 4: The electoral politics of crisis (Room 3.32)
Chaired by Mark Kayser. Presenters: Dennis Quinn (Georgetown University), Lucy Barnes (UCL), Tim Hicks (UCL), Jochen Rehmert (Hertie School)

12:30 – 13:15 Closing Session and Keynote

Nicholas Shaxson (writer, journalist and researcher)
Followed by open discussion and debate

13:15 – 14:00 Lunch in the Hertie School Forum

Speaker profiles:

Nita Rudra is an Associate Professor of Government at Georgetown University. Her research interests include: the distributional impacts of trade and financial liberalization as they are mediated by politics and institutions; the influence of international organisations on fiscal policies in developing economies; the politics of trade agreements involving developing economies, and the causes and effects of democracy in globalizing developing nations. Her most critical works appear in the British Journal of Political Science, World Politics, Journal of Politics, American Journal of Political Science, Comparative Political Studies, International Organization and International Studies Quarterly. Her publications include Globalization and the Race to the Bottom in Developing Countries: Who Really Gets Hurt? (Cambridge University Press) and co-edited a special issue of Comparative Political Studies on "Globalization and the Politics of Natural Resources" (with Nathan Jensen). She completed a one-year fellowship awarded by the Fulbright-Nehru Foundation at the Indian Institute of Management, Bangalore India in 2011. She has also been a recipient of the International Affairs Fellowship from the Council on Foreign Relations, which placed her at the Social Development Department of the World Bank for one year. Her current and future work intends to analyze how and why widespread poverty persists in rapidly globalizing economies, and the politics supporting/resisting improvements in this area. She is currently in the process of exploring the distributional impacts of foreign direct investment, trade agreements, and declining trade tax revenues.

Natascha van der Zwan is a tenured Assistant Professor in Public Administration, Leiden University. She does comparative and historical research on financialisation and pension systems, investment rules and regulations, and pension fund capitalism. Van der Zwan is a recognised expert on private pensions.

Dennis Quinn specializes in international business, political economy, and public policy. His current research focuses on democratization and economic liberalization in emerging markets, the origins and consequences of international financial liberalization, the impact of trade on U.S. elections, globalization, and international political economy. He teaches undergraduate and graduate courses in business, international affairs, and public policy. Prof. Quinn is the co-director of the Master’s in International Business and Policy, and joint degree between Georgetown’s McDonough School of Business and Walsh School of Foreign Service.

Johan Christensen is an Assistant Professor at the Institute of Public Administration, Leiden University. His research focuses on the role of experts and expertise in public policy-making, both at the national and European levels. His first book “The Power of Economists within the State” is published by Stanford University Press in 2017. Christensen received his PhD in Political and Social Sciences from the European University Institute (EUI) in Florence in 2013. Before joining the Institute, he was a postdoctoral fellow in sociology and organizational studies at Stanford University. Christensen is currently teaching courses on international public administration. He is also a co-director of the project “EUREX: Expertization of public inquiry commissions in a Europeanized administrative order” based at the University of Oslo.

Nicholas Shaxson is a journalist and writer. He is author of the book Poisoned Wells about the oil industry in Africa, published in 2007, Treasure Islands: Tax havens and the Men who Stole the World, published by Random House in January 2011, and more recent The Finance Curse: How global finance is making us all poorer, published in 2018 by Vintage Publishing. He has written for Vanity Fair, the Financial Times, the Washington Post, The Guardian, The Economist, and many others. He also writes regularly for the Tax Justice Network.