Mitigating future world recessions
Lucia Satragano | Argentina | PhD. Monetary models | University of Bern, Switzerland
Lucia earned a law degree with honours from the University of Buenos Aires in 2003 and was then admitted to the Bar in 2004. Following that, she spent five years working for a major Argentinian law firm and for Itaú BBA, Argentina, the investment banking division of one of the largest financial conglomerates in the world.
Lucia decided to return to school and earned her Master of Laws degree in Banking and Finance Law with distinction from Queen Mary University of London in 2010.
Today, Lucia is pursuing a three-year doctorate in international public and monetary law at The World Trade Institute at the University of Bern. She is on a full scholarship, supplemented by support from the Spark of Hope Foundation.
Lucia’s research is focused on the 2008 financial crisis, considered by many economists to have been the worst financial crisis since the Great Depression. It threatened the total collapse of large financial institutions and major corporations, prevented only by expensive bailouts by national governments. Housing markets suffered, key businesses failed and consumer wealth declined by trillions of U.S. dollars. The downturn in economic activity led to the 2008–2012 global recession and contributed to the European sovereign-debt crisis.
“I am hopeful that my research can provide a banking model to help prevent future world recessions.”
Lucia is studying ways of ensuring the world never faces such a situation again through the creation of policies and preventative measures. The potential positive impact of Lucia’s work could be measured in the trillions of dollars and in greater financial security for people around the world.
by Marissa Pura