The University of Luxembourg proudly celebrates an important milestone of its doctoral education. The University’s 1000th doctoral candidate graduated recently. Dr Carmine Gabriele completed his thesis “Essays on Financial Stability” at the Faculty of Law, Economics and Finance, under the supervision of Prof. Thorsten Lehnert.
Dr Gabriele completed his doctor’s degree while working full-time as an economist at the European Stability Mechanism (ESM) in Luxembourg, an international financial institution providing financial assistance to EU countries. “During my first year at ESM, I realised that a doctor’s degree would provide an additional sound base for my career development. I am grateful to the University for giving me this opportunity. And I am fortunate to celebrate this milestone.”
Dr Gabriele’s research on financial stability has immediate relevance for the industry and his employer. His findings contribute to a better understanding of aspects related to financial stability, such as early warning systems for systemic banking crises, macro-financial determinants of non-performing loans and the impact of sovereign refinancing needs on market perceptions of sovereign risk. “His doctoral thesis is outstanding, not only from an academic, but also from a policy perspective, because he empirically investigates highly relevant topics, using state-of-the-art methodology,” says Prof. Lehnert.
Proud milestone for University’s doctoral education
Doctoral education is one of the University of Luxembourg’s central elements. Since the University’s foundation in 2003, doctoral education has developed considerably. The first 9 PhDs graduated in 2006/2007. The numbers grew steadily in the following years; today, more than 900 doctoral candidates are registered at the University. Doctoral education is also a central element of collaboration in Luxembourg, as over 100 doctoral candidates are registered at the University, while completing their doctorate at one of the national institutes: Luxembourg Institute of Science and Technology (LIST), Luxembourg Institute of Health (LIH) or Luxembourg Institute for Socio-Economic Research (LISER).
Prof. Jens Kreisel, Vice-Rector for Research of the University says: “The 1000th doctoral graduate is a proud milestone, for our young University. The contribution of doctoral candidates to University’s positioning as a Research University cannot be overstated. This specific thesis also symbolises how cutting-edge research can impact the Luxembourgish ecosystem.”
Dr Gabriele’s current function at ESM entails building analytical tools to better monitor the macroeconomic and financial environment; he works on research papers and is responsible for monitoring the Irish economy from the perspective of a creditor.
The official conferment of the title will take place during the University’s Graduation Week in December 2020.
About Carmine Gabriele
An Italian native, Carmine Gabriele obtained his Bachelor’s degree in economics and business administration at the Federico II University of Naples. He graduated summa cum laude in the MSc in Economics and Social Sciences from Bocconi University Milan, Italy. After working for the European Central Bank, he joined the European Stability Mechanism (ESM) Luxembourg as an economist, where he still works today.