Financing growth and innovation in Europe : economic and policy challenges

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dc.contributor.authorBECK, Thorsten Harald Leopold
dc.contributor.authorBONACCORSI DI PATTI, Emilia
dc.contributor.authorDE VINCENZO, Alessio
dc.contributor.authorGUAZZAROTTI, Giovanni
dc.contributor.authorMORETTI, Lorenzo
dc.contributor.authorSUPINO, Ilaria
dc.date.accessioned2025-07-30T16:54:50Z
dc.date.available2025-07-30T16:54:50Z
dc.date.issued2025
dc.description.abstractThis report presents the main takeaways from the Annual Conference of the Florence School of Banking and Finance, co-organised with the Bank of Italy on 10–11 March 2025. Discussions focused on the development of Europe’s innovation and venture capital (VC) industry as a driver of economic growth. While Europe’s innovation ecosystem has expanded significantly over the past two decades, it still significantly trails the United States in scale. The discussion thus encompassed the role of governmental programmes, which remain crucial in Europe but must be carefully designed to be effective. It also highlighted that unlocking even a small share of institutional capital from pension funds and insurers could dramatically increase market liquidity, provided regulatory barriers are eased rather than mandates imposed. Participants also pointed out that financial fragmentation is deepened by differences in the legal system across European jurisdictions and discussed the role that initiatives such as a 28th regime can have in overcoming this important barrier. In this context, contributions also identified areas where policy research can have the most impact, namely evaluating the cost of inaction on capital market integration, assessing effective innovation policies, and exploring legal harmonisation strategies.
dc.format.mimetypeapplication/pdf
dc.identifier.issn1830-1541
dc.identifier.urihttps://hdl.handle.net/1814/93076
dc.language.isoen
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI
dc.relation.ispartofseriesRSC
dc.relation.ispartofseriesPolicy Paper
dc.relation.ispartofseries2025/14
dc.relation.ispartofseriesFlorence School of Banking and Finance
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.licenseAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectSaving and Investment Union
dc.subjectInnovation
dc.subjectVenture capital
dc.subject28th Regime
dc.subjectTechnology
dc.titleFinancing growth and innovation in Europe : economic and policy challenges
dc.typeOther
dspace.entity.typePublication
person.identifier.other45508
person.identifier.other47053
relation.isAuthorOfPublicatione5eb7c26-0581-4333-9977-d261c87c02b7
relation.isAuthorOfPublication031b0c95-651b-4b83-83d1-adf596dca13c
relation.isAuthorOfPublication.latestForDiscoverye5eb7c26-0581-4333-9977-d261c87c02b7
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