The Foundation supports and publishes academic research into:
The world economy suffered a severe shock in 2008 from which it has not as yet recovered. This shock was largely unanticipated. The complexity of relationships between financial institutions had obscured the consequence of failure of one component upon the others. This was not properly understood either by the institutions themselves or by the regulating authorities. Moreover a widespread belief in the efficiency of financial markets had led policy-makers to downplay the risks inherent in rapidly rising private sector debt.
The Financial Market Policies Foundation's mission is to advance public learning and knowledge about relationships between policy-makers (governments, treasuries, regulators and central banks) and financial markets and other financial entities.
Through grants, bursaries and other financial assistance, we intend to support study and research - by specific university fellows and graduates - to further the understanding of such relationships.
Our aim is to provide tools for a better understanding of these relationships, with the intent that practitioners, governments and regulators may be appraised of the research findings and their implications; and that such knowledge is widely disseminated so that public support for rational policies may be more likely to be forthcoming.
The Foundation expects public benefit to arise:
The Foundation's first programme of research commenced in the Autumn of 2012.
This programme, 'The Political Economy of Financial Markets', is based at the University of Oxford, in the European Studies Centre of St Antony's College, and is now affiliated with the Centre for International Studies in the Department of Politics and International Relations.
The programme aims to foster research into the political-economic drivers of changes in financial markets, in light of the global and euro area financial crises. It will focus in particular on issues at the intersection of macroeconomics and financial studies, and is concerned with the institutional setting in which policy towards financial markets is formed at the national and European levels. It will thus draw on expertise in the fields of politics, international relations, macroeconomics, law, business and global economic governance, with the support of UK and international experts in these fields.
A network of academic, official and private market experts was established and began work on initial projects in three areas:
The programme aims to benefit the public by holding workshops, seminars and lectures; by publishing discussion papers, and journal articles and press material; and by drawing its findings to the attention of policy-makers, though without engaging in political activity.
See the latest news from the Programme website.
The outputs of our Programme are to be found in the Seminar programme and other presentations (see Past Events and forthcoming Events). These are generally available in the form of Podcasts which can be viewed directly from the Programme website or from the Programme’s YouTube channel - by subscribing you can receive e-mail alerts of new seminar podcasts as they are posted.
A commentary on the events and the programme more generally can be found in the Programme's Blogspot. The Programme also maintains a Facebook page , and following it is a simple way of staying up to date with developments.The Programme also publishes an annual review of past and future activity in magazine format downloadable as a .pdf, PEFM in Focus.
The Foundation supports its programme of academic research through the making of grants*, scholarships and bursaries. It seeks where possible to place the results of such work in the public domain through journals, seminars, presentations and the internet. The Foundation and its Programmes are supported by advisors who are academically or professionally eminent in their own fields internationally.
The Foundation was incorporated in January 2012, and is registered as a charity in England and Wales.
*See our flagship programme. We have yet to put a programme of scholarships and bursaries in place, and our current policy is confined to making grants to institutions rather than individuals.
You can make a donation to the Financial Market Policies Foundation either:
Registered Charity in England and Wales (No 1147246)
Company limited by guarantee. Registered in England and Wales (No 7926570)
Financial Market Policies Foundation
c/o Spofforths LLP, Springfield House, Springfield Road, Horsham, West Sussex RH12 2RG