Device is incompatible to play the video
Thursday, 21 September 2006, 12:00AM

Productivity and Capital Markets: Globalization Meets Parish-Pump Politics

Professor Werner G Seifert

How do we attain Joseph Schumpeter’s ideal of market forces, “creative destruction”, rather than slowly stagnate? In Europe, we have particular problems balancing economic policy with labour productivity. Are we in danger of Europe landing on the ‘scrapheap’ of the global economy? Is current European policy neglecting capital productivity as a superior effect on the “wealth of nations”?

Professor Seifert intends to explore the relationship between productivity and the capital markets. He will argue that while it is essential to have an integrated perspective of all factors that determine the wealth of nations, only if its capital markets unfold their full potential will Europe not fall further behind its global competitors.

This is the 2006 Sir Thomas Gresham Docklands Lecture.
Other Sir Thomas Gresham Docklands Lectures can be accessed here:
    2012 - Charles Taylor
    2011 - Andy Haldane
    2010 - Anne Craine
    2009 - Charles McCreevy
    2008 - Bill Emmott
    2007 - David Blood
    2005 - Sir David Tweedie
    2004 - Callum McCarthy

professor-werner-g-seifert

Professor Seifert began his career with McKinsey & Co, moving later to Swiss Re. From 1993 to 2005 Professor Seifert was CEO of Deutsche Börse. As CEO, Professor Seifert transformed the Frankfurt market from a local market into one of the most important exchanges in the world. He developed the successful electronic trading platform Xetra and integrated the futures exchange Eurex into the firm. Professor Seifert has a reputation as a visionary and strategic thinker, but he has also shaped thinking about what it means to be a financial market, for instance Deutsche Börse floated well before its main rivals, the London Stock Exchange and Euronext.

Of course Professor Seifert particularly caught the attention of the City of London when he tried to merge Deutsche Börse with the London Stock Exchange in 2000 and led Deutsche Börse’s controversial takeover discussions with the London Stock Exchange in 2005. Professor Seifert resigned from Deutsche Börse last year, though he remains active in a number of professional capacities, for instance as a Member of the Advisory Board for the Monetary Authority of Singapore and as a Professor for Capital Market Theory at the European Business School.

Professor Seifert is a modern renaissance man and a noted jazz musician. He has published frequently including a sweeping new vision in his (co-authored) book “European Capital Markets” published in English in 2000 and a factual thriller about hedge funds and markets, “Invasion der Heuschrecken” (“Invasion of the Locusts”), coming out in 2006.

Read More
Read Less

Transcript

21 September 2006

Productivity and Capital Markets: Globalization Meets Parish-Pump Politics
Professor Werner G Seifert

View PDF
Print
Related Future Lectures
Related Past Lectures
WATCHED
Part of a series

The City of London – Culture, Creativity and the Culture Mile

The Rt. Hon The Lord Mayor William Russell
Thursday, 9 January 2020 - 6:00PM
WATCHED
Part of a series

Public Speaking Without Fear

Professor Alex Edmans
Wednesday, 22 January 2020 - 6:00PM
WATCHED
Part of a series

Mental and Physical Wellness

Professor Alex Edmans
Wednesday, 4 March 2020 - 6:00PM
WATCHED

How Great Companies Deliver Both Purpose and Profit

Professor Alex Edmans
Monday, 30 March 2020 - 6:00PM
WATCHED
Part of a series

Critical Thinking

Professor Alex Edmans
Wednesday, 22 April 2020 - 6:00PM
WATCHED

The South Sea Bubble of 1720

Dr Helen Paul
Thursday, 21 May 2020 - 6:00PM
WATCHED
Part of a series

Finding Purpose in Your Career

Professor Alex Edmans
Wednesday, 4 December 2019 - 6:00PM
WATCHED
Part of a series

Time Management in the Digital Age

Professor Alex Edmans
Wednesday, 2 October 2019 - 6:00PM
WATCHED
Part of a series

Mergers and Acquisitions: Do They Create or Destroy Value?

Professor Alex Edmans
Wednesday, 5 June 2019 - 6:00PM
WATCHED
Part of a series

Does Finance Benefit Society?

Professor Alex Edmans
Wednesday, 24 April 2019 - 6:00PM
WATCHED
Part of a series

The Stewardship Role of Investors

Professor Alex Edmans
Wednesday, 6 March 2019 - 6:00PM
WATCHED

Bubbles, Manias and Market Failures: The Unintended Consequences of Regulatory Responses

Professor D'Maris Coffman
Thursday, 7 February 2019 - 6:00PM
WATCHED
Part of a series

Financial Markets After The Crisis - More Europe or Less?

Verena Ross
Wednesday, 29 October 2014 - 6:00PM
WATCHED
Part of a series

Images and Illusions of Investment Banking - This Is Not My Beautiful House; This Is Not My Beautiful Wife

David Weaver
Monday, 16 September 2013 - 7:00PM
WATCHED
Part of a series

Darwin and Derivatives: 19th Century Insights into 21st Century Finance

Charles Taylor
Thursday, 27 September 2012 - 7:00PM
WATCHED
Part of a series

The Sir Thomas Gresham Docklands Lecture: Get Shorty

Andy Haldane
Monday, 14 November 2011 - 7:00PM
WATCHED
Part of a series

Extinction or Evolution: The Future for Offshore Centres

The Hon Anne Craine MHK
Tuesday, 2 November 2010 - 12:00AM
WATCHED
Part of a series

Financial Crisis: Do We Need More Regulation?

Charlie McCreevy
Thursday, 10 September 2009 - 12:00AM
WATCHED

Problems Causing Lack of Productivity and Comparing to Other Countires

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:59PM
WATCHED

Do You Think The UK's Weak Trade Unions Is Related To Low Productivity?

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:58PM
WATCHED

Does Technology Have An Influence On The Way Labour Models Work?

Professor Jagjit Chadha
Thursday, 24 November 2016 - 1:55PM
WATCHED

Why did it take longer for rates to recover in the 1980's compared to previous centuries?

Professor Jagjit Chadha
Thursday, 29 September 2016 - 6:58PM
WATCHED

Doesn't paying back debt end up with someone having money in their pocket?

Professor Jagjit Chadha
Thursday, 29 September 2016 - 6:55PM
WATCHED

Immigrants and the Economy: Positive Impact and Political Disregard

Professor Jagjit Chadha
Thursday, 2 June 2016 - 6:00PM