Costas Lapavitsas is Professor in Economics at the School of Oriental and African Studies of the University of London and specialised in the theory of banking and finance. Costas Lapavitsas is member of Research on Money and Finance, a network of political economists that have a track record in researching money and finance. It aims to generate analytical work on the development of the monetary and the financial system in recent years. A further aim is to produce synthetic work on the transformation of the capitalist economy, the rise of financialisation and the resulting intensification of crises.