How do financial crises arise? What is the role of money and credit within the financial system? How can a more stable, resilient and sustainable financial system be constructed? What measures are necessary to ensure that the financial sector generates the highest possible benefits for the real economy and society? To answer these questions, we work with macroeconomic models as well as individual and aggregate data. We also look at financial inclusion, wealth distribution and consumer protection.

For decades, the financial industry has bought itself more and more influence. At the same time, their short-term profit interests are increasingly diverging from the goals of society as a whole. To counter this development, we call for a financial turnaround.