INET grantees Katharina Pistor and Martin Hellwig today were awarded the 2012 Max Planck Research Award, the Max Planck Society announced.
The award, which is devoted to a different topic each year, was focused on “regulating international financial markets,” an area where Pistor and Hellwig have been at the forefront, and one that is particularly important now.
Pistor, of the Columbia University School of Law, also has received an INET grant for her work on “Global Finance and Law.” She is a leading expert in the fields of financial market regulation, corporate law, and institutional economics, and has given incisive presentations on these topics at multiple INET conferences. She will receive the Max Planck Award for “her research at the intersection of law and economics” and “in recognition and in the expectation of her continued commitment to building bridges between European and American legal culture.”
Hellwig, of the Max Planck Institute for Research on Collective Goods, is part of the INET research group on systemic risk in the financial system. He has been a leading voice on the subject of bank reform since the 2008 financial crisis. Hellwig will receive the award for “his work on the economic effects of banking regulation, in particular on the role of aggregate risks, the macroeconomic repercussions of banking regulation, and the systemic feedback effects in the financial sector.”
The Max Planck Research Award is one of the most prestigious and highly endowed awards in Europe. They each will receive 750,000 EUR to finance their research, with a focus on cooperation with academics in other countries. The award ceremony will take place on October 11, 2012 in Berlin.