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Acronym of the Project: FESSUD

Full name of the Project: Financialisation, Economy, Society & Sustainable development

Category: 7th Framework Programme

SSH-2010-1.2-1: Changing the role of the financial system to better serve economic, social and environmental objectives

Abstract: FESSUD is a multidisciplinary, pluralistic project which aims to forge alliances across the social sciences, so as to understand how finance can better serve economic, social and environmental needs.

FESSUD brings together expertise from many leading universities to look afresh at how the financial system affects the world around us. We need to know what can be done to make the financial system work for society, the economy and the environment and not – as has sometimes been the case – the other way round.

Some central issues FESSUD aims to address are; What is financialisation and how has it impacted on the achievement of specific economic, social, and environmental objectives? What is the nature of the relationship between financialisation and the sustainability of the financial system, economic development and the environment? What lessons can be drawn from the crisis about the nature and impacts of financialisation? What are the requisites of a financial system able to support a process of sustainable development, broadly conceived?

Duration: 01 December 2011 – 30 November 2016 (60 months)

Project Leader and Partners: 1. University of Leeds, UK (Coordinator)

2. Universita' Degli Studi di Siena, Italy

3. School of Oriental and African Studies, University of London, UK

4. Fondation Nationale des Sciences Politiques, France

5. Pour la Solidarite Asbl Pls, Belgium

6. Uniwersytet Ekonomiczny w Poznaniu, Poland

7. Tallinna Tehnikaulikool, Estonia

8. Hochschule fur Wirtschaft und Recht Berlin, Germany

9. Centro de Estudos Sociais, Portugal

10. Pannon Egyetem, Hungary

11. National and Kapodistrian University of Athens, Greece

12. Middle East Technical University, Turkey

13. Lunds Universitet, Sweden

14. University of The Witwatersrand Johannesburg, South Africa

15. Universidad Del Pais Vasco Ehu Upv, Spain

METU's role METU conducts research in the following work packages:

WP1. Management

WP2. Comparative Perspectives on Financial Systems in the EU

WP3. Causes and consequences of the financial crisis

WP6. Finance, development and global governance

WP7. Finance, environment and sustainability

WP8. Finance, real economy and the State

WP9. Financial stability and macroeconomic policies

WP10. Dissemination and impact

WP11. Foresight

WP12. Synthesis and conclusions

Project Website:

Publications: Studies in Financial Systems No 11: Comparative Perspective on Financial System in the EU:

Country Report on Turkey

Available at:

Last Updated:
11/09/2020 - 20:05