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Young economists’ competition 2019

Every year we invite young economists to enter our research competition – finalists are invited to the annual ECB Forum on Central Banking, and the overall winner is awarded €10,000.

Young economists can play an important role in shaping the future of Europe and this competition gives them the chance to share their fresh perspectives on the challenges of today.

This year, the competition focused on the same topic as the Forum: 20 years of European Economic and Monetary Union (EMU). Nine PhD students from universities around the world had the unique opportunity to travel to Sintra, Portugal, where they competed in the young economists’ poster session, the final round of the competition.

Over the course of three days, the students presented their research to senior policymakers and top academics from around the world, who then cast their vote for their favorite.

For more impressions from this year’s competition, have a look at the ECB’s Instagram story which follows the finalists as they take part in the 2019 ECB Forum.

Congratulations to Leslie Sheng Shen, the winner of the 2019 competition!

Leslie looks at firms’ decisions to fund themselves through global or local banks. She shows that bank specialisation in global rather than local information is a key mechanism driving credit allocation in globalised banking systems.

Global vs. local banking: a double adverse selection problem Poster

Selection committee

  • Philipp Hartmann, Deputy Director General Research, European Central Bank (Chairman)
  • Glenn Schepens, Economist, European Central Bank (Secretary)
  • Inês Cabral, Counsellor to the Executive Board, European Central Bank
  • John Muellbauer, Professor of Economics at Nuffield College, Oxford
  • Ricardo Reis, Professor of Economics at Columbia University and the London School of Economics