Deadline for application: 01 September 2019

21 October 2019 - 31 December 2020

Language: English

How to Apply


Module E

Seminars on contemporary global labour market challenges

  • Financial crisis - Pascal Roussel (European Investment Bank)
  • Corruption - Lucio Picci (University of Bologna)


Financial crisis

The seminar will expose the various causes of the financial crisis and their consequences.

Starting first with a high level view on deregulation, financialization and the role of new financial instruments and trading techniques with a focus on High Frequency Trading Program and derivatives. The consequences of the end of Bretton Woods, the money creation (scriptural and central bank), the influence of commercial and central banks on economic cycles will then be reviewed in detail. Followed by the influence of debts and interest on world social inequalities (a problem rarely mentioned). The seminar ends with a presentation on new alternatives such as bitcoins, negative interest rates, interest free borrowings, etc.

The interested audience should not have a specific background in finance or mathematics.

International Training Centre of the ILO

Viale Maestri del Lavoro, 10
10127 Turin - Italy

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