The European Central Bank (ECB) is seeking applications from promising young researchers for five Lamfalussy Fellowships in 2009. The Lamfalussy Fellows programme was launched in 2003 in the context of the ECB-CFS Research Network on “Capital Markets and Financial Integration in Europe”. It aims to promote high-quality research on the structure, integration and performance of the European financial system (see www.eu-financial-system.org for further information). The programme is named after Baron Alexandre Lamfalussy, the first President of the European Monetary Institute. Each fellowship is endowed with an honorarium of €10,000.
The successful candidates will be required to write a research paper during 2009 on one of the Network’s priority areas, namely::
A short description of these research topics can be found at http://www.eu-financial-system.org/index.php?id=95. Proposals addressing the financial or macroeconomic sources of, propagation mechanisms of, or policy responses to the ongoing financial market turmoil are particularly encouraged. Proposals on other issues of interest to the ECB-CFS Network will also be considered. These are described in the research report entitled “Research Network on Capital Markets and Financial Integration in Europe: Results and Experience after Two Years”, ECB and CFS, 2004 (available at http://www.eu-financial-system.org/index.php?id=95). Lamfalussy Fellows are expected to present their papers at the Network’s workshops and conferences and ultimately to publish them in leading refereed journals. Information about previous and current Fellows can be obtained from the Network’s website (http://www.eu-financial-system.org/index.php?id=12).
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.
Applications should be submitted in English and include a cover letter, curriculum vitae, two letters of recommendation and a two-page research proposal falling under one of the topics mentioned above. They should also contain a statement concerning the candidate’s current sources of funding. Applications should be sent to:
Sabine Wiedemann
European Central Bank
Kaiserstrasse 29
60311 Frankfurt am Main
Germany
Fax: +49 69 1344 8552
E-mail: sabine.wiedemann@ecb.int
Applications should reach the ECB no later than 31 January 2009. To meet the deadline, a copy may be sent by fax or by e-mail. However, a signed application must still be sent by post. The Selection Committee will award the five fellowships by March 2009.
Alexandre Lamfalussy is one of the leading central bankers of his time and is one of the main supporters of a single capital market within the European Union. He was a member of the Delors Committee for the Study of European Economic and Monetary Union, the General Manager of the Bank for International Settlements and the first President of the European Monetary Institute (in charge of preparing the third stage of EMU). He was also an Executive Director of Banque Bruxelles Lambert, Chairman of EuroMTS, and he chaired the “Committee of Wise Men on the Regulation of European Securities Markets”, whose reform proposals were adopted by the EU Council in Stockholm in March 2001.
Baron Lamfalussy was born in Hungary in 1929 and studied at the Catholic University of Louvain in Belgium. He obtained a doctorate (D.Phil.) in economics from Oxford University (Nuffield College) and taught at the University of Louvain and Yale University. He is the author of numerous research articles and books on economic policy.
