Richard Harrison (Bank of England)
Gemeinsame Seminarreihe von / Joint Seminar Series by: Center for Financial Studies / European Central Bank (ECB) / Deutsche Bundesbank
CFS Working Paper No. 451
Laura Moretti (Center for Financial Studies)
This study contains articles based on speeches and presentations at the 14th CFS-IMFS Conference „The ECB and Its Watchers“ on June 15, 2012.
12-12-2013 Newsletter 2/13
The Center for Financial Studies (CFS) conducts independent and internationally-oriented research in important areas of Financial and Monetary Economics, ranging from Financial Stability and Banking Regulation, Household Finance, Law and Economics of Financial Organizations and Trading and Pricing in Financial Markets to Monetary Policy and Financial Markets. CFS is also a contributor to policy debates and policy analyses, building upon relevant findings in its research areas. In providing a platform for research and policy advice, CFS relies on its international network among academics, the financial industry and central banks in Europe and beyond.
The crisis is not over and the ways that lead out of it are all miserable. This was the message that Hans-Werner Sinn, President of the ifo Institute in Munich, conveyed to a large audience at Goethe University Frankfurt on Wednesday afternoon. CFS President Otmar Issing had invited Sinn to give his talk “The real side of the crisis and the safety net of the ECB” as part of the CFS Presidential Lecture series.
On 21 February, Helge Peukert, Associate Professor of Finance and Financial Sociology at the University of Erfurt, gave a talk at the CFS about „Foundations of a stable financial market order” which was part of the CFS lecture series on „The Order of Money“.
Adair Lord Turner of Ecchinswell, Senior Fellow at the Center for Financial Studies (CFS) and at the Institute for New Economic Thinking, argued that the financial crisis and the slow post-crisis recovery were first of all caused by excessive private credit creation.
In an article in the German daily “Frankfurter Allgemeine Zeitung” on 30 January, Jan Pieter Krahnen, CFS Director, considers the legislative proposal by European Commissioner Michael Barnier to be a step in the right direction.
Large majority expects single supervisory and resolution mechanisms until 2020 / Persistent reservations about centralized deposit guarantee schemes