Quaglia (political science, Univ. of Bologna, Italy) identifies a connection between the relatively unregulated shadow banking sector and the 2008 financial crisis. She finds that post-crisis attempts to create a well-functioning global regulatory regime have proved insufficient for reducing systemic risk and that current risk conditions may exceed those predating 2008.
Lucia Quaglia is Professor of Political Science at the University of Bologna (IT). She was a Professor of Political Science at the University of York (2012-2017) (UK). Quaglia was awarded research fellowships by the Hanse-Wissenschafts Kolleg (DE), the University of Bremen (DE), the Fonds National de la Recherche (Luxembourg), the Max Planck Institute in Cologne (DE), the Scuola Normale Superiore (IT), and the European University Institute (IT). She has published
more than 10 books, 6 of which with Oxford University Press. She has guest co-edited 4 special issues of highly ranked academic journals.