Deadline:
January 31, 2025
Location(s)
Online
Overview
Details
About the fellowship
During their fellowship, the selected candidates are required to write a paper on a topic related to the Fellowship’s research priorities. Lamfalussy fellows are encouraged to present their papers at relevant ECB workshops and conferences and, ultimately, to have them published in leading refereed journals. Past Lamfalussy papers have been published in journals such as the American Economic Review, the Review of Economic Studies, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies.
The call for projects is published in December each year. Applicants should be no more than 36 years old by the deadline for submission. Researchers at assistant professor level and very advanced PhD students are particularly encouraged to apply.
Lamfalussy Research Fellowship - Call for projects
The European Central Bank (ECB) is seeking applications from promising young researchers for up to five Lamfalussy Research Fellowships in 2025. The Lamfalussy Research Fellowship programme was launched in 2003 and aims to promote high-quality research on the structure, integration and performance of the European financial system. The programme is named after the late Baron Alexandre Lamfalussy, the first President of the European Monetary Institute. Each fellowship is endowed with an honorarium of €10,000. The selection committee consists of Vasso Ioannidou (Bayes Business School), Angela Maddaloni (ECB), Simone Manganelli (ECB), Ivan Petrella (Warwick Business School), Veronica Rappoport (London School of Economics) and Dominik Thaler (ECB).
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Successful candidates will be required to write a research paper over the course of 2025 in one of the following areas, with an explicit focus on the euro area:
(i) Financial stability
- a. Financial stability implications of central bank balance sheet policy
- b. The growing role of market-based finance in the European financial system and its prudential treatment
- c. Systemic risk, liquidity and macroprudential regulation
(ii) Financial integration and development
- a. The European capital markets union
- b. The impact of technological developments, including artificial intelligence, on financial markets
- c. The importance of financial inclusion
(iii) The transmission of monetary policy through the financial system
- a. Determinants of the strength, speed and heterogeneity of the transmission mechanism
- b. The central bank balance sheet in the short and long run and its impact on financial markets
- c. The role of non-bank financial intermediaries and market-based finance
Successful candidates are expected to present their papers at relevant ECB conferences and to have them published in the ECB Working Paper Series and in leading peer reviewed journals. Successful candidates are not granted access to ECB internal data.
Candidate profiles and applications
Candidates should hold a position in a research institution. Researchers at the assistant professor level and PhD students close to the end of their degree are particularly encouraged to apply. None of the authors involved in the paper should be more than 36 years old by 31 January 2025, in an employment relationship with the ECB or be eligible for an ESCB/IO contract. Candidates should not have previously won the Lamfalussy Research Fellowship or the Young Economist Prize at the time of application.
Dates
Deadline: January 31, 2025
Cost/funding for participants
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
