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Edinburgh-Glasgow webinar discusses paradigm shifts in the law and economy post-Covid-19

Tue 16 June 2020

Glasgow-Edinburgh Conference

On Friday 12 June 2020, a high level webinar co-hosted with the support of Edinburgh Law School, Glasgow Law School, and the Adam Smith Business School took place to tackle to question ‘Does the global pandemic signal a paradigm shift in law and the economy?’

Co-organised by Professor Emilios Avgouleas (Edinburgh) and Professor Iain MacNeil (Glasgow), the webinar brought together leading economists, eminent jurists, and public speakers for a discussion which extended over 9 hours.

Among the speakers were Professor Peter Mathieson, Principal of the University of Edinburgh; Sir Anton Muscatelli, Principal of the University of Glasgow; Dr Lorenzo Bini Smaghi, Chairman of Société Générale; ex-ECB chief economist, John Kay, a leading public economist and founding dean of Saïd Business School; Professor Colin Mayer, a former dean of Saïd Business School; Professor Stefano MEssori, Chairman of Assonime and the School of European PoliticalEconomy, Luiss; Sir William Blair, former President of the Commerical Court of England and Wales; Professor Charles Goodhart (LSE); Professor Paul De Grauwe (LSE); Lee Buchheit, and Honorary Professor at Edinburgh Law School; Professor Blanaid Clarke (TCD); Dr Roger Barker, Head of Corporate Governance at CBI; Ida Levine (Institutional Investors); Professor Rosa Lastra (CCLS/QMUL); Professor John Finch, Dean of Adam Smith Business School; Dr Nicolas Veron, co-founder of Bruegel; Professor Emilios Avgouleas (Edinburgh); Professor Iain MacNeil (Glasgow); and other leading academics and industry experts.

Over the course of the event, panellists discussed the implications of Covid-19 for monetary policy, financial stability, sovereign and private debt restructurings, capital markets transformation, and the impact of technology, corporate governance, and the policy responses in Europe. The most notable conclusions drawn from the rich debates included the need for business to incorporate inclusion and sustainability into their business objectives,  the shift of institutional investors towards sustainable investment, the impact of technology on the employment of the semi-skilled, financial market democratisation through technology, the need for the Eurozone to tackle its mountain of public debt, and the fact that governments will have to use public money wisely in order to not create the injustices that followed the 2008 financial sector bailouts.

Finally, the leaders of Edinburgh and Glasgow Universities stressed the richness, diversity, and high quality of the webinar debates as well as the importance of inter-institutional and inter-disciplinary events of this calibre for the reputation and impact reach of Scottish universities, which are consistently ranked amongst the top in the world. 

Recordings will soon be made available on the event website for those who could not attend.