It's official now 🥳: I'm joining the dpt of PoliSci at
@HSGStGallen
as an assistant professor in IPE!!!
Thrilled to join amazing new colleagues and students
Grateful to colleagues & friends who've supported me and my work over the years
Looking forward to the new adventures 🧐💃
A brilliant post-doc broke into tears w/ expressed feelings of inadequacy upon “witnessing my success”(??!!🤯). I planned to wait until tenure, but this needs to be shared sooner than later. No way my journey should cause additional distress to aspiring (esp. women) academics👇
I coded how central bankers talked about TBTF banks in public speeches (in English) between 2009 and 2018. It's ongoing work but I think I see a trend 😅
My
@NPEjournal
article "When do banks do what governments tell them to do? A study of Greek bonds’ management in France and Germany at the onset of the Euro-crisis" is online! 50 free copies :)
In this new
@JEPP
paper "Having bank play along", I continue to explore how states seek to influence the provision and allocation of bank credit in times of crisis - here during the COVID crisis. 🧐🧐
A new P&S article by
@ElsaMassoc
sheds light on the geo-economic dimension of banks’ power: key public officials conceive the position of “their own” banks in global financial markets as a crucial dimension of state power.
Looking for a student assistant to work on the political economy of state-finance nexus with me 🤓 🤓 Student needs to be based in 🇩🇪. English and German required (other language a +). Contact me if you are/know somebody who may be interested!
massoc
@lawfin
.uni-frankfurt. de
"Re. climate impact of ECB portfolios: assets eligibility is guided by our monetary policy objective of achieving inflation rates to 2%"
+
"On the issue of whether climate change is part of our primary objective. The answer is yes"
= 🤔🧐🤓
👇
Elsa, Politische Ökonomie der Finanzen; das für mein Leben gern. Tochter ist 3, hat in 3 Ländern gelebt. Hab keine Ahnung, ob ich je was Unbefristetes bekommen werde.♥️academia, aber ist das nachhaltig? 80% des akademischen Personals in DE sind nicht fest angestellt
#IchBinHanna
German academic system has a problem of unintended consequences. Temporary job limit and scarcity of permanent positions break up families, intensify psychological and physical problems. Follow
#IchbinHanna
for experiences of brilliant people at the end of their ropes.
IPE wonders abt the role of the state in the economy. But this role actually varies within political economies across sectors, based on institutional dependencies btw state & private actors! We study regulated savings in banking and insurance in FR.
🇫🇷 Political Economy Association call for submissions: "“Is planning possible in the face of crises?”. Conference will take place in amazing Montpellier next July. Submission deadline 31/01/24. I'm part of the scientific committee: so join us 🥖🥐🍷👯♀️👯
My dissertation "Banking on states" was awarded Ernst B. Haas Best Dissertation Award - Honorable mention by
@APSAtweets
' EPS section! Thanks to the award committee and to my diss. supervisors Pr. Pierson, Levy and
@StevenKVogel
.
Book is coming (soon-ish ;) To get a taste of it:
My paper "When do banks do what governments tell them to do? A study of Greek bonds’ management in France and Germany at the onset of the Euro-crisis" has been accepted at New Political Economy
@NPE
! 1/
My article has been selected as the runner up for the Baron Award for best article published in Business and Politics in 2020!!
State guaranteed loans are piling into banks' balance sheet: yet another sign that the state-banks nexus is alive and well (and to be investigated)
To say that we are lucky to have
@BJMbraun
present at the LawFin seminar is an understatement 🙌😊🙌! Come listen to his talk "From Exit to Control: The Structural Power Of Finance Under Asset Manager Capitalism" this Monday 13 September 14:15 (CES) 👇👇
Thanks to
@georgringe
for a great start to the second half of our seminar series!
Next week we look forward to the talk by
@BJMbraun
(
@MPIfG_Cologne
) "From exit to control: The structural power of finance under asset manager capitalism" – join us! 💻
Third student emailing me that my class has inspired them to pursue (successfully) a job at the Swiss National Bank! I don't know what I did wrong (or right 😅) but I certainly can say that I trained a new generation of Swiss central bankers 😊. Does that count as "outreach" ;)?
Stunned & humbled to find my paper part of this 20th anniversary collection of Socio-Economic Review most appreciated articles😱
I loved doing this research on taxing stock transfers in the 19th century 🤓
Thank you
@SASE_Meeting
and happy anniversary😊
Many thanks to
@jepp_journal
for featuring my contribution "Having banks ‘play along’: state-bank coordination and state-guaranteed credit programs during the COVID-19 crisis in France and Germany" on their blog! 👇😊👇 Below is a thread on the paper.
Banking is global but banks remain deeply embedded in domestic political/institutional contexts. State-bank relationships are crucial to understand the governance of financial markets. Check out my
@bap_journal
article, drawn from my
@APSAtweets
@ApsaEuro
awarded dissertation!
New article from
@bap_journal
is now free to access. Browse 'Banks, power, and political institutions: the divergent priorities of European states towards “too-big-to-fail” banks' by
@ElsaMassoc
here:
My
@SAFE_Frankfurt
and
@LawFin_FFM
working paper "Fifty Shades of Hatred and Discontent - Varieties of Anti-finance Discourses on the European Twitter" presents my analysis of finance-related tweets in FR, DE, SP, IT and UK and highlights 3 main findings
2nd birth for my SER
@SASE_Meeting
“Taxing Stock transfers in the first Golden age of financial capitalism. Political salience and the limits on the power of finance”. I loved writing it (and diving in the NYSE archives), hopefully it's a fun read too!
I'm happy to see this research project out! It's based on original datasets compiling communications between the ECB and the EP across three accountability forums between 2014 and 2021. Those datasets are now publicly available ICPSR. Reach out if you want to get them 🧐🧐🤓
🔥NEW RESEARCH PAPER🔥
What is the role of the EU Parliament in the ECB's green shift?
Dr.
@ElsaMassoc
documents MEPs' pressure, arguing that the ECB's position reflects a pragmatic, yet precarious alliance between pro-climate MEPs and central bankers.
👉
Meine Hauptmotivation, Deutsch (trotz allem😅) weiter zu lernen, ist es, Zweig, mein langjähriger Lieblingsautor, in seiner Originalsprache zu entdecken. Ich habe gerade "Brief einer Unbekannten" beendet, einen der traurigsten und bewegendsten Romane, die ich je gelesen habe.
I constructed databases of the communications btw EP and ECB since 2010 in the Monetary dialogues, written questions and resolution debates💃
A couple of fun facts re. genders ⚧️, party groups ✊and nationalities 🇪🇺 of the MEPs who hold the ECB accountable (& on which topics)👇
A big gender imbalance marks the monetary dialogues and resolution debates where MEPs scrutinise the ECB.
Read more on the accountability practices between the EP and the ECB in this new research by Dr
@ElsaMassoc
Emotional come back onto the hills of Florence for a talk on the (s)tra(te)gic banking - the political economy of European banking at the
@EUI_FBF_School
! Thanks for the great discussion 😊
The paper is co-authored w/ M. Beck and will be part of our SI on banking w/
@mkeremcoban
My grandfather's parents & brother were among the 13152 people arrested during the
#rafleduveldhiv
. They were deported to Auschwitz (later, his sister would follow).
The French police arrested them.
#Petain
's crimes must not be minimized nor Petain rehabilitated - ever.
16-17 juillet 1942 | „Rafle du Vel' d'Hiv", arrestation de Juifs à Paris par la police française sous la supervision des Allemands. 13 152 ont été arrêtés (dont environ 4 000 enfants). La plupart d'entre eux été déportés vers Auschwitz, via Drancy, Pithiviers & Beaune-la-Rolande.
Next week (Dec 13+14): 2nd LawFin Interdisciplinary workshop on the "Metamorphosing Landscape of Investors’ Capitalism"! 🥳
Great scholars from PoliSci, Law and Econ will discuss each other's work.
@BJMbraun
,
@NataschaZwan
,
@johannes_petry
and myself in the IPE team
Join us!📢
🗓️SAVE THE DATE: Our LawFin Center will host its second
#interdisciplinary
#workshop
“The Metamorphosing Landscape of Investors’ Capitalism“ on December 13+14! Find all details here 👉
Short-term positions and related life uncertainties don't boost young(passionate) scholars "productivity". THE main drag to productivity is wrt traveling, applying and stressing around - this is especially true for women, whom
@BMBF_Bund
pretend they want to support
#IchBinHanna
We are so very lucky to have Pepper Culpepper present his work on social media coverage and preferences towards financial regulation! Not be missed : next Monday 22 March 14:15 at the (zoom) LawFin Seminar 😊.
♦️ The inaugural
@LawFin_FFM
Interdisciplinary Workshop on the Political Economy of Financial Regulation will take place on June 28-29 between 14:30 and 18:00 (CES) ♦️
The program is here:
More about it 👇
2nd day is today 👇!
We'll discuss The Role of Disclosure in Green Finance, Wireless Shareholder Meetings and The Structural Power of Finance under Asset Manager Capitalism.
Next week we digitally open the doors for our 2nd interdisciplinary
#workshop
on "The Metamorphosing Landscape of Investors’ Capitalism"! The agenda includes great speakers like Julian Franks,
@ProfSautter
and
@NataschaZwan
. Full details here:
Being a junior female "international" scholar w/ kids is not always easy. I wanted to share a text about it either when I quit academia or get tenured. Perhaps I'll finally do it before that 😅 But for now, please reach out if you're in a similar situation and want to chat 🤓
Today was day 2 of super important conference
#nextgencentralbanking
. So many great presentations and discussions. Vital to get these debates out. Tomorrow at 15:30 I'll present in the workshop on central banks independence and accountability. 1/
Reading finance reports & can't help but wonder: "Ignoring the ecological transition may even have negative consequences for financial institutions"
This is from 2021, couple of months after the IPCC reported no less than an existential threat on the horizon of a few decades..
Today 14:00
@CES_Europe
panel: Pitchforks Out? How Do People Think about Finance in Times of Crises?🔥🔥 presentations by P. Culpepper, K. Young,
@BJMbraun
and discussion by
@Cornelia_Woll
I'll present my analysis of anti-finance discourses on Twitter in 5 countries
#CESconf
This is the topic of my new research project: how finance allocation decisions are made between different priorities? And my initial finding is that despite all the talk, climate is still far from top on the list 🤔🧐
A main issue in
#climate
#finance
is often 'money is not there'. The
@FT
shows that money may be there but is allocated to other priorities, which are often in contradiction with climate action, providing contrasting signals and incentives to markets.
I'm delighted to participate to the network's workshop in January on the green transition and industrial policy in such great company. Great Initiative!
In January, we are going to launch the Progressive Politics Research Network (PPRNet). It is our goal to make research findings more accessible for the broader public and to engage with journalists, politicians and other practitioners. We focus on the left and progressive field.
@clemfon
Haha! Similar experience here. Supervisor's feedback after my first presentation at Berkeley: "It's pronounced 'households', not assholes..." 🥴
I am very much looking forward to this great conference!
I'll be discussing how ECB policies have affected banks and banking in Europe 🥳
Check the program and register now! Thanks
@miguelitoj89
Excited to announce our Transformative Responses conference on the role of central banks in times of climate change, inequality and financial instability on 3-5. February 2021! The Program is online - register now:
Last Friday, we celebrated the 20th anniversary of the dual degree program between our
@HSGStGallen
MIA and
@sciencespo
(two institutions close to my ❤️) at the Ambassade de Suisse in Paris. I am very proud and happy to be in charge of the academic dimension of this program!
📢I am very happy that
@natalyanaqvi
will present her work on "Crisis, Global Financial Cycles, and State Control of Finance: Public Development Banking in Brazil and South Africa" at the LawFin seminar 🌟!
It is next Monday 9 May, 14:15-15:30. Come join us 😊
So I've worked on state-led investment programs in FR. Many such prgs aren't about the green transition or any kind of coherent industrial policy, so I wanted to examine what factors motivate them.
Now this comes up and I wonder if I need to write the paper at all😅👏🥴
Bitter sweet: this is the end of
@MaxPo
😭, but great conference & I'm happy to be part of it!
I'll present on the state-bank nexus post-GFC, research I partly developped at MaxPo (while expecting my baby ;) w/ inspiring teams of
@OlivierGodechot
,
@Cornelia_Woll
, J. Anderson...😊
@MaxPo_EU
will conclude ten years of successful research and collaboration with a conference in Paris on October 21. The event will reflect on the insights gathered in the joint research endeavor between
@MPIfG_Cologne
and
@sciencespo
. More info:
2nd LawFin Interdisciplinary workshop on the "Metamorphosing Landscape of Investors’ Capitalism" coming up on Dec 13+14!
Great scholars from PoliSci, Law and Econ will discuss each other's work 😎🧐🤓🥸
@BJMbraun
@NataschaZwan
@johannes_petry
in the IPE team!!
Join us!📢
🗓️SAVE THE DATE: Our LawFin Center will host its second
#interdisciplinary
#workshop
“The Metamorphosing Landscape of Investors’ Capitalism“ on December 13+14! Find all details here 👉
So I entered "Banks are dead. Long live the banks!", which is a tentative title for my book on the transformations of banks' business models and power. And the result is... interesting 😮
Great to be a member of SASE executive council! SASE represents what I’ve always liked: cooperation betw disciplines and methodologies to explore substantial questions re. power & capitalism.
Now come to conference in Limerick! Deadline is January 19 😱
I have started a new
#ESRC
funded project on the transformation of sovereign debt management, 4 years to get into the weeds of how rich states borrow. More info here:
Off to London for exciting
@FinSocNet
conference! Will be discussing tomorrow changes in EU narratives towards large banks (from threat to stability to motor of competitiveness) and what national gvts may have to do with it 🤔🧐
It was great to be part of this panel in such fantastic company of senior and junior scholars ❤️ so much to share, to discuss and to change 😅 thanks to
@Ari_Tassinari
and
@bjoern_bremer
for organizing 👏
Role of eds in addressing citation practices that penalize women is key
Eds recently sent me a new paper b/c it was close to my work.👍 BUT < 20% women in the refs (incl. co-auth) & 0 of my papers🤔
Need to confront the (shared) bias that ♀️ work is sth we can just do without.
Despite the decade-long discussion, available data, and institutional commitment to diversity 'we are very far from having solved the imbalance in gender representation in political science, let alone academia as a whole.'
@sarahagemann
in
@EUP_TheJournal
Oh and also: for this research I have constructed a big dataset with all ECB-EP communications in three accountability arenas (MonDialogues, Qs & As, Resolution debates and amendments) - w/ name, party, gender of speakers... It's public and free of use!
We all know this in 🇩🇪 academia (or else are deluding ourselves):
Temporary employment + third-party funding dependence = wildly inefficient machine designed to mass-produce mediocre research.
"Nice" to see
#IchBinHanna
message published in
@Nature
.
I was delighted to co-host w/
@b_kus_
this recorded conversation w/
@yuenyuenang
about her paper "Adaptive Political Economy: Toward a New Paradigm". Thank you so much Yuen for the much needed inspiration! To all in CPE/IPE: please read this 👇
👍Three really good papers on this panel about 1) VoC and currency regimes 2) Trilemma of Coordinated Finance capitalism exploring evolutions of investment in Germany, 3) A deep dive into the epistemic community of rating analysts! 👍
#cesconf
Looking forward to our
@CES_Europe
panel on "Regulating Banking and Finance" and our discussions with Vytautas Kuokštis and Zsofie Barta. Many thanks to
@ElsaMassoc
for chairing! I'll present my new paper on the Trilemma of Coordinated Finance Capitalism. Join us at 2PM CEST!
reading to 6 y. old. Word "oppressed" comes up.
👧 What does it mean?
Me: No liberty, obey to a tyrant
👧 U're oppressed
Me: ??!!
👧 You must work, even if U don't want to
Tired brain recollecting Marx/Polanyi notions
👧 Mamie is not oppressed (retired)
Me: Mamie is decommodified
Wiedemann's Indebted Societies review: Awesome contribution showing how welfare states and credit regimes shape indebtedness. But definition of credit regime relies on inaccurate vision of banking -opening discussion btw finance IPE & growth models litR👇
Why is it so difficult to tax the rich?👇
Freue mich riesig über gemeinsamen Beitrag im Journal of Europ. Public Policy - interdisziplinäre Kooperation m.
@Flo_Fastenrath
, Paul Marx+
@helena_vitt
am
@ifso_due
!
Riesendank an alle Interviewten aus d.Politik!
Two great opportunities for junior scholars to join us in Frankfurt! If you do international/comparative political economy and your research interest is in finance, 💓 🧐💵💴💶💷, consider applying! I'm available to chat about it ☎️
Our LawFin Center offers two Junior Fellowships at the House of Finance in Frankfurt. Duration: six months up to one year. More information can be found here: - We look forward to your application!
#jobs
#fellowships
#law
#finance
#research
Do you know what can bring politically polarized users to speak to (and even collaborate with) each other? Taking on Wall Street by investing in meme stocks - and talking about it on Reddit 🚀🚀. Check out my new working paper w/ M. Lubda:
There have been some excellent new papers in the green central banking/pol econ space lately, following a few years of growth. A thread highlighting some of these recent contributions along with some thoughts on where we’re headed (1/n)
She was ahead of her time for understanding connections between state-building and market-building. Her thought is clear and bold. I encourage every political economist to read her work, esp. those working on so-called advanced political economies. 2/2
Very saddened by the passing of UCBerkeley Kiren Aziz Chaudhry. Her work has been inspirational to me and I regularly get back to it. In particular The Myths of the Market and the Common History of Late Developers (1993). 1/2
I am very much looking forward to this conversation! Join us :)
Many thanks to
@b_kus_
for inviting me to co-host and to
@yuenyuenang
for such a great piece !
The takeaways? First, States use banks as instruments of public policy. Odds are short that other crises will soon occur (climate change and all 😖) and that States will seek to do this again and more permanently. Banks can call the shot but at what price and for how long?
📢 One week to go until our workshop “Women in Law and Finance“ in Frankfurt! The workshop will highlight the work & role of women academics and the obstacles they face in the fields of law & finance.
Registration & program here 👉 Welcome!
@SAFE_Frankfurt
@Ari_Tassinari
@MPIfG_Cologne
Great initiative!
In my experience, women attrition between PhD and tenure has lots to do w/ incompatible injunctions more than lack of network/representation though. In short you can't have family when you're the one in charge of kids & organization (and women mostly are)... 1/2
The “gender citation gap” in political science whereby women are less likely to be cited in published research and course syllabi, especially by male scholars, is well-known. This article shows the same trend among PoliSci students. Depressing 😩
📢 The fantastic and twitterless Kevin Young (
@UMassEcon
) will be presenting his work "Financialization and Political Subjectivity: Does Personal Investing Turn Workers into Capitalists?" next Monday 14:15-15:30 at the LawFin seminar! Come join us 😊🥳💃
Many thanks to
@E_IR
for publishing (and
@adilnsspv
for editing) this article on why domestic politics is important to understand banking, including in its most global dimensions (apologies for the non-COVID related content of this message ;)
In 2010, the French government asked French banks to retain plummeting Greek bonds on their balance sheets. And the French banks did exactly that. The German government asked German banks to do the same. Yet German banks sold the bonds abundantly. 2/
You have great students interested in a Master in International Affairs & Governance?
Send them our way to the dual degree SciencesPo-St Gallen! Applications open now👇
Frantastic program and institutions, & I heard the pedagogical team is very fun💃🥳
@PGolka
Large banks' balance sheets haven't shrunk much & they've moved to new forms of inluence on capital flows (AM, LM..) As for authority, their entanglements w/ public sphere have tightened so I wouldn't discard political influence so quickly.
U know great students interested in a MA in International Affairs & Governance? Send them our way to the dual degree SciencesPo-St Gallen!
Apply by Jan 28 2024👇
…
Terrific program, awesome institutions + rumors say the pedagogical team is very fun🧐
In this presentation, I highlighted three main findings based on the analysis of 20,000+ finance-related tweets in France, Germany, Spain, Italy and the UK between Dec 2019 and Sept 2020👇🧵
Today 14:00
@CES_Europe
panel: Pitchforks Out? How Do People Think about Finance in Times of Crises?🔥🔥 presentations by P. Culpepper, K. Young,
@BJMbraun
and discussion by
@Cornelia_Woll
I'll present my analysis of anti-finance discourses on Twitter in 5 countries
#CESconf
This is ok when it's punctual crisis management, but poses both economic and democratic problems if public-led credit allocation is here to stay (it likely is).
Another case of States' influencing banks' allocation in a totally different context here:
It's Friday 16:00 and I just caught myself thinking "must be fun to work at the Cour des Comptes (audit court for state's accounts)
#Whatswrongwithme
#WhatHaveIBecome
🥳🥳
In France, bankers understood the government’s request as being embedded within a long-term relationship of reciprocal favors, which led them to comply.4/
📣 call for papers 👇
NB: There are NO registration or participation fees for this conference. Catering will be provided. A few travel and accommodation grants are also available for scholars in need!
🧐 🧐
🚨 Call for papers/Conference alert:
@HSGStGallen
is organising the next biennial
@SNISGeneva
Conference on 13-14 June 2023
Conference theme: ���International Organization(s) in Crisis’
🧵(1/3)
Second, the mechanisms through which States manage to influence credit allocation largely build on inherited state-bank modes coordination that escape public/democratic scrutiny.
The situation is not uncommon in today’s so-called advanced political economies: governments need to influence the allocation of private credit on behalf of the public interest, but they have no formal means of doing so. 6/
The second day of the
@LawFin_FFM
interdisciplinary workshop starts today at 14:30 (CET) with presentations by Erik Jones, Vikrant Vig and Roberta Romano!
Yesterday was great and I'm looking forward to today's discussions.
I'll discuss how the interventions of central banks and governments to influence credit allocation have blurred banks' conventional missions, put banks' accountability to shareholders and clients on hold, and fostered informal processes of public accountability. 2/
🇨🇭Drive slowly & feel good doing so on left lanes. So many Audis & not all drive like ass**😱
🇩🇪switch personalities. Use cars to act like libertarian superheros
🇨🇵 Respect rules if police at the corner. If not disrespect rules according to their politics
🇮🇹 drive...Just fine 😅