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SUMMARY:Regional financialisation and convergence  - Dr Peter Phelps\, Uni
 versity of Leeds
DTSTART:20170315T160000Z
DTEND:20170315T170000Z
UID:TALK69927@talks.cam.ac.uk
CONTACT:Ingrid Cizaite
DESCRIPTION:This paper sheds light on the implications of spatial financia
 lisation\, which has been associated with the over and under-extension of 
 credit across and within countries and evolving financial instability. The
  paper’s primary contribution is to extend in a robust manner a powerful
  panel data convergence testing methodology to analyse the spatial scale a
 nd temporal evolution of Italian regional lending conditions. The paper co
 ncludes that financial divergence has broadly increased in Italian regions
 . As a result the ability of southern regions in Italy to absorb adverse m
 acroeconomic and financial shocks has been weakened. Relevant regional pol
 icies have thereby become very important. \n\nPeter Phelps is Lecturer in 
 Applied Economics at the University of Leeds\, where he teaches at undergr
 aduate and postgraduate levels. He obtained his PhD from the Land Economy 
 Department at Cambridge University\, researching into the stabilisation pr
 ospects of the European Economic and Monetary Union (EMU). He has also con
 ducted economics research at Volterra Consulting\, the Asian Development B
 ank’s Office for Regional Economic Integration (OREI) and the Internatio
 nal Monetary Fund. His current research applies econometric methods to inv
 estigate regional economic and monetary integration and financial sector c
 onvergence. \n
LOCATION:Mill Lane Lecture Room 1
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