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).
Research projects
Submission deadline: 31 January 2025
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 :
- 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
- a. The European capital markets union
- b. The impact of technological developments, including artificial intelligence, on financial markets
- c. The importance of financial inclusion
- 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.
Applications should be submitted in English and include the following:
- a cover letter
- a curriculum vitae
- two letters of recommendation
- a two-page research proposal falling under one of the topics listed above
- a statement indicating the candidate’s current sources of funding and date of birth
Applications should be sent by email to lamfalussy.fellowships@ecb.europa.eu no later than 31 January 2025 (before 24:00 CET). To further enhance diversity, the ECB particularly encourages applications from female candidates. The selection committee aims to award five fellowships by April 2025.
About Baron Lamfalussy