9. REGULATORY ECONOMICS

Eduardo Cardadeiro (coordinator); Mário Coutinho dos Santos; Vitor Branco Oliveira (macroprudential policy)

Nuno Garoupa; Banco de Portugal (Wildmer Gregori, Diana Lima, Raquel Miranda, Fátima Silva); Católica Lisbon SBE (João Confraria, CICEE seminar).

– “Why Banks Collapse? The Cautionary Tale of Banco Espírito Santo” — bank collapse and resolution before BRRD (European Business Organization Law Review, 2026); chapter “Bank Resolution before BRRD: Banco Espírito Santo” (Routledge, forthcoming, 2027).

– Interaction between monetary and macroprudential policies and the role of the financial cycle (in development, Banco do Brasil).

– State credibility in industrial policy — CICEE Seminar Series (June 24, 2026).

– The coordinator’s 2025/26 activity (AlWaste project) is accounted for in line 1.

One article published in a journal indexed in Scopus/Web of Science; one book chapter in press; and one article in development.

Coutinho dos Santos, M., & Garoupa, N. (2026). Why Do Banks Collapse? The Cautionary Tale of Banco Espírito Santo. European Business Organization Law Review. https://doi.org/10.1007/s40804-026-00363-2

No prelo (não contabilizado): Coutinho dos Santos, M., & Garoupa, N. (2027). Bank Resolution before BRRD: Banco Espírito Santo. In S. Royo, E. Miklaszewska, & G. Ferri (Eds.), Bank Failure and Resolution in the EU (Cap. 5). Routledge. https://doi.org/10.4324/9781003729822-6

No communications were submitted during this period.

CICEE Research Seminar Series, 24/6/2026 — “A Problem of State Credibility in Industrial Policy”, João Confraria (Católica Lisbon SBE).

Eduardo Cardadeiro (coordinator); Mário Coutinho dos Santos; Vitor Branco Oliveira.

– Publication of the chapter “Bank Resolution before BRRD: Banco Espírito Santo” (Coutinho dos Santos and Garoupa), in Bank Failure and Resolution in the EU – Lessons for the Crisis Management and Deposit Insurance Framework (Routledge, 2027), following the article “Why Do Banks Collapse?” (Review of European Business Organization Law, 2026).

– “Monetary and Macroprudential Policies: Does the Financial Cycle Matter?” (Oliveira, Gregori, Lima, Miranda and Silva, Banco de Portugal): conclusion of the article on the interaction between monetary and macroprudential policies throughout the financial cycle (in conjunction with line 2).

– Regulation and sustainable marketing: “Between mandate and backlash: sustainable marketing innovation under directionally incompatible regulation” (José Magano), to be submitted to the Journal of International Marketing (accounted for in line 1).

Objectives: to consolidate research on the regulatory framework of bank resolution and macroprudential policy. The coordinator’s plan for 2026/27 (AlWaste project) is on line 1.

Nuno Garoupa; Bank of Portugal (Wildmer Gregori, Diana Lima, Raquel Miranda, Fátima Silva).

Sept. 2026 – Aug. 2027: Publication of the Routledge chapter; completion and submission of the article on monetary and macroprudential policies.
Expected completion date: August 31, 2027.

Um capítulo de livro com edição internacional (Routledge); um artigo concluído e submetido a revista internacional.