Against bankocracy?

Posted by pt91 at Feb 28, 2012 12:03 PM |
Free seminar on 29 February for the Interdisciplinary Dialogues in Education series aims to enliven educational thinking and practice with insights from other disciplines

Issued by University of Leicester Press Office on 28 February 2012

On Wednesday, 29th February, Professor Panicos Demetriades will give a presentation for the University of Leicester School of Education entitled ‘Against Bankocracy: Bank ownership, regulation and growth’ which will explore the links between banking systems, regulation and growth.

Professor Demetriades, a member of the University’s Department of Economics who holds a PhD in Economics from the University of Cambridge, is internationally known for his contributions to the literature on the finance-growth nexus and the role of public capital. He has published over 60 papers in leading academic journals and is among the most popular economics authors in the world. The session he will be leading on the 29th February will argue that well regulated finance promotes economic growth while lax regulation can turn finance into a destructive force, resulting in crises and lower growth.

Regarding his talk, Professor Demetriades said; ‘Banks can be good for growth but if left unregulated or unsupervised can turn into a destructive force, which threatens not only economic wellbeing but also the basis of democracy.  The lecture will explore how we can increase public awareness about such complex issues, which can provide a check against bankocracy’.

The seminar is part of the Interdisciplinary Dialogues in Education, a series of discussions hosted by the University’s School of Education. The aims of the series include broadening the circle of academics, researchers and practitioners with an active interest in education and to fertilise educational research with ideas from other disciplines.

Dr Michalis Kakos, lecturer in Education and co-ordinator of the Interdisciplinary Dialogues in Education series will lead the discussion which will follow Professor Demetriades’ presentation and will explore the role of education in promoting good regulation and alternative ownership structures.

Dr Kakos comments; ‘I think that this is a hot topic nowadays and there is hardly a week that goes by without some news about the role of the banks. The seminar will discuss the role of the private banks and their contribution to economic  growth and the issue of the power and influence of the banks on the socio-political decisions and directions.’

Inevitably, the role of the economic growth to socio-political developments will be discussed, but in accordance with the aims of the Interdisciplinary Dialogues in Education, the role of education in supporting the education of citizens about this particular subject will also be explored.

The seminar will be taking place in the Learning Studio of the Museum Studies Building from 12:30 - 14:00, with tea and coffee from 12:00. The series itself is open to all academics and PhD research students across all disciplines and to anyone involved in education including administrators, practitioners and policy makers.

To reserve a place for the ‘Against Bankocracy: Bank ownership, regulation and growth’ session, please contact Simon Parkinson at

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