IMFS Professor Helmut Siekmann examines the questions whether it is legally possible for a member state to leave the euro area or introduce a parallel currency.
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After seven years of zero interest rates the Federal Reserve (Fed) said it would raise its benchmark interest rate from zero. Fed chief Janet Yellen also…
While presenting the new annual report of the German Council of Economic Experts Professor Volker Wieland has pointed out the risks of the low-interest-rate policy…
In an interview with CNBC Volker Wieland said the case for more quantitative easing by the European Central Bank (ECB) was being overplayed. In the news program…
Before the meeting of the Governing Council of the European Central Bank (ECB) Volker Wieland argues that "the case for more quantitative easing isn't obvious".
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Prior to the eagerly-awaited meeting of the European Central Bank's (ECB) Governing Council, professor Volker Wieland has warned the ECB about further loosening…
On December 14, Professor Volker Wieland will present the new Annual Report of the German Council of Economic Experts in a joint event of SAFE and the IMFS.
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ECB President Mario Draghi recently sent the message that the Governing Council is not unlikely to expand its quantitative easing further at the next meeting. At…
On December 9, Professor Katharina Pistor will give a lecture on "The Legal Code for Global Capital", analyzing how global finance is sustained without a global…
The debt brake in the federal states of Germany is not to be used as a pretext in order to shift borrowing from the Länder to local authorities or to diminish the…
In the discussion about the Spanish central bank accepting wrongly rated collaterals Professor Helmut Siekmann calls for a simplification of the rating rules.
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In his new Working Paper, IMFS Visiting Scholar Vikrant Vig examines the relationship between lending practices of a large multinational bank, its organizational…
In a new Working Paper IMFS researcher Patrick Tuschl focuses on the support measures for German banks during the financial crisis, investigating how similar state…
With Eurozone inflation falling below zero in September, reaching minus 0.1 per cent, demands are voiced asking for the expansion of the current purchase program…
At the beginning of the consultations regarding the reform of the inheritance tax in the German parliament (Bundestag) and the Federal Council (Bundesrat) the six…
On November 11, the German Council of Economic Experts presents the new annual report to Chancellor Angela Merkel in Berlin. The magazine "Wirtschaftswoche"…
The U.S. central bank Federal Reserve is continuing its zero-rate policy. Fed Chair Janet Yellen justified the decision with the recent financial market…
The central bank Federal Reserve could end its zero-rate policy tonight. In an interview with NDR-Info Prof. Volker Wieland explains why he considers this…
The unemployment rate is sinking, prices are rising: The time is ripe for the first hike in interest rates after nine years. Janet Yellen, Chair of the Federal…
This Wednesday and Thursday the members of the Federal Open Market Committee (FOMC) get together discussing a rise in interest rate. Fed Chair Janet Yellen has…
In an opinion piece in the magazine "Positionen" of the association of the German insurers GDV, Prof. Volker Wieland explains how the eurozone has to change in…
Recognizing its contribution as driving force for the political debate in Germany, the Small and Medium-Sized Business Association of the CDU and CSU (MIT)…
This blog post focuses on the new edition of "Wirtschaftsdienst -Zeitschrift für Wirtschaftspolitik", which is dedicated to the discussion of the so-called Five…
After the meeting of the Governing Council of the European Central Bank (ECB) Mario Draghi has left the door to further Quantitative Easing open. According to…
Even six years after the end of the recession in the United States the Federal Reserve has not yet started the process of normalization. In his new Working Paper,…
Since the Greek debt crisis has sparked a debate about the meaning of European unity, Deutsche Welle TV explores how the eurozone could look like in the future.
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Prof. Volker Wieland argues that while emerging markets are seeing weak growth, they are not facing a recession. These economic developments are offset by steady…
According to "Handelsblatt" the central banks in Spain and Ireland have rated banks' collaterals wrongly. Professor Helmut Siekmann is critical of complex rating…
According to Volker Wieland any relaxation in the payments by Greece are not urgent. "The cost of bearing the debt is very low for Greece, precisely because much…
The Greek crisis has been causing disturbances in the eurozone for months. How can the Economic and Monetary Union survive in the future? In a 20-minute-program…
The European Central Bank (ECB) should have stopped the emergency liqudity assistance (ELA) for Greece by the end of June, Professor Volker Wieland said in an…
The members of the German Council of Economic Experts, among them Volker Wieland, presented a special report on the "Consequences of the Greek Crisis for a More…
The macroeconomic implications of raising taxes on top income earners are in the focus of the new IMFS Working Paper No. 94 by Bettina Brüggemann of Goethe…
After the eurozone countries and the Greek government have agreed on discussing a third bailout Prof. Volker Wieland comments on the situation in Greece in an…
After 16 hours of negotiations the leaders of the eurozone have agreed on a new program for Greece. According to Professor Volker Wieland, however, the agreement…
During the summer two visitors are investigating issues of financial stability at the IMFS. Lynette Janssen, Ph.D. candidate at the Hazelhoff Center for Financial…
After the Greeks said no in the referendum regarding the reform process and the Greek finance minister Janis Varoufakis stepped back time is pressing. The leaders…
Since Alexis Tsipras came to power in Greece, he has been constantly taking back reforms. So it is not surprising that the economic situation is getting worse.…
The Executive Board of the IMFS has appointed Prof. Dr. Dres. h.c. Theodor Baums and Prof. Dr. Dr. h.c. Reinhard H. Schmidt, honoring their contributions to the…
Can Greece be forced to leave the monetary union? The opinions of legal experts on this subject are diverse. As law professor Norbert Horn from Cologne told the…
Ahead of the referendum in Greece the events are overturning. Greece is in arrears with the International Monetary Fund (IMF), however, is asking for a third…
The concerns on Greece are growing. Only on one day, the Greeks withdrew more than 1.2 billion euros from their accounts. Is this leading to a bank run? The Greek…
The European Court of Justice gave final approval to the European Central Bank's OMT bond buying program (Outright Monetary Transactions). In an interview with…
The European Court of Justice (ECJ) said that the Outright Monetary Transactions (OMT) bond-buying program of the European Central Bank (ECB) was compatible with…
The experiment of a journalist of the "Handelsblatt" enters the next round. The broadcasting collection center once again has rejected the journalist's to pay the…
The implementation of macro-prudential instruments in the banking union provides the European Central Bank with insufficient momentum to effectively dampen…
In the discussion about the abolition of cash a "Handelsblatt" journalist has started an experiment. Instead of transferring the broadcasting fee he is trying to…
The former IMFS researcher Jenny Gesley has joined the Library of Congress in Washington, D.C. As foreign law specialist she provides research and reference…
On the ECB Forum on Central Banking Professor Volker Wieland talked about the bond purchases of the European Central Bank (ECB) as well as the stagnating reform…
On May 18, Michael Haliassos, Professor for Macroeconomics and Finance and Director of the Center for Financial Studies (CFS), will give a lecture on "The Greek…
In an interview with "Reutlinger General-Anzeiger" Prof. Volker Wieland talks about the shortcomings of the economic framework in Germany und points out how the…
In a lecture in Reutlingen, Prof. Volker Wieland shed light on the monetary policy in the euro area. The Südwestpresse with the "Metzinger Tageblatt" reported on…
The business paper "Handelsblatt" is critically scrutinizing the dual role of the European Central Bank (ECB) with combining monetary policy and banking…
In two new Working Papers IMFS Professor Helmut Siekmann explains the legal framework and limits of the European System of Central Banks as well as the OMT program…
On Friday, EU finance ministers will talk about the situation in Greece. The German "Süddeutsche Zeitung" has analyzed the alternatives besides a grexit.
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On April 27, IMFS Professor Helmut Siekmann gives a lecture in the series IMFS Working Lunch with the title "Legal limits for the outright purchase of sovereign…
In an interview with CNBC Prof. Volker Wieland talks about the current situation in Greece and the question how long the European Central Bank will stick to its…
In an interview with the local newspaper "Schwäbische Post" Prof. Volker Wieland talks about his work in the German Council of Economic Experts and the future of…
In an interview in the Annual Report of the IMFS Vikrant Vig, currently Visiting Scholar of Financial Economics, illustrates how banking regulation affects…
In an interview with the local "Ipf-und-Jagst-Zeitung"/"Aalener Nachrichten" Professor Volker Wieland points out why the government bond-buying program of the…
In an interview with the German TV station ARD, Professor Volker Wieland explains the reasons for the German trade surplus and whether this excess of exports is…
The local newspaper "Frankfurter Neue Presse" reports how Frankfurt has become a center of financial regulation and supervision, looking also at the connections…
If you want to learn more about the issues the researchers at the Institute for Monetary and Financial Stability (IMFS) investigated in 2014 and which conclusions…
In an interview with the German business paper "Handelsblatt" Professor Volker Wieland talks about the limits of monetary policy and the impact of the bond…
In its update of the economic forecast for Germany the Council of Economic Experts expects that GDP will grow by 1.8% in 2015. In November, the Council Professor…
Three German businessmen are trying to block the European Central Bank’s controversial bond purchase program. Christoph Degenhart, a professor in constitutional…
In an opinion piece in the Greek newspaper "Kathimerini" Helmut Siekmann explains the legal background regarding a withdrawal of Greece or an exclusion from the…
In an opinion piece in the "Frankfurter Allgemeine" Professor Volker Wieland and his colleagues from the Kronberger Kreis, the Scientific Council of the Market…
Quantitative easing is already working, Mario Draghi, President of the European Central Bank said in his speech during "The ECB and Its Watchers XVI".
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"One of the biggest things that economists get grief about is their failure to predict big events like recession", Bloomberg's Noah Smith writes citing from an…
"The oil price decline and euro weakness are likely to be temporary," said Volker Wieland."As depreciations and easy monetary policy push inflation back up, the…
The latest version of the conference program of "The ECB and Its Watchers XVI" containing the full list of speakers and discussants is now available for download.
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The "Frankfurter Allgemeine Zeitung" cites from an analysis by Lars P. Feld, Christoph M. Schmidt, Isabel Schnabel and Volker Wieland of the Council of Economic…
"Greece needs to continue building a functioning state and a market economy", Volker Wieland argues with Lars P. Feld, Christoph M. Schmidt, Isabel Schnabel,…
The strains on Greece's financial system are growing day by day. Athens has been given a deadline until the end of this week to agree to prolong its rescue…
Before the meeting of the Eurogroup of Finance Minister on Monday in Brussels it is not sure whether there will be an agreement on debt management and financing.
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On February 25, IMFS Affiliated Professor Tobias H. Tröger Binder gives a lecture in the series IMFS Working Lunch with the title "How Special Are They? Targeting…
Given the Greek stand-off investors are worried about Italy getting caught up in the undertow of Greece as the "Deutsche Wirtschaftsnachrichten" (DWN) report.
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After the decision of the European Central Bank (ECB) to embark on a large-scale bond-buying program to revitalize the euro zone economy and counter deflation, the…
Before the meeting of the Governing Council of the European Central Bank (ECB) experts are waiting for ECB President Mario Draghi announcing large-scale sovereign…
On January 29, IMFS Affiliated Professor Michael Binder gives a lecture in the series IMFS Working Lunch with the title "Determinants and Output Growth Effects of…
In an interview with "Boersen-Zeitung" Helmut Siekmann comments on the General Advocate of the European Court of Justice backing the bond-buying program of the…
After the General Advocate of the European Court of Justice has backed the bond-buying program of the European Central Bank market participants expect further…
The General Advocate of the European Court of Justice has backed the bond-buying plan of the European Central Bank. On Wiwo.de Helmut Siekmann explains the…
On the occasion of the European Court of Justice (ECJ)'s Advocate General summing up of the Outright Monetary Transactions (OMT) case on January 14, this new issue…
On March 11, 2015, the next conference "The ECB and Its Watchers" takes place. This year, Mario Draghi, President of the European Central Bank, and Peter Praet,…
At the beginning of the week the euro weakened to an almost nine-year low versus the dollar amid investor concern Greece might leave the currency union and on…
