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News - 2017

2017-12-07 | IMFS in the Media
According to Volker Wieland, the agreement of banking regulators on the new Basel III rules is "definitely an improvement" with respect to financial stability. The…
2017-12-07 | IMFS in the Media
In view of the alleged balance sheet fraud at the furniture group Steinhoff Helmut Siekmann criticizes the risks involved for the European Central Bank (ECB). As a…
2017-12-05 | IMFS in the Media
Despite the bond-buying program of the European Central Bank (ECB), inflation in the euro area remains low. Therefore, some economists propose to lower the…
2017-11-27 | IMFS in the Media
"The compliance of European law is his concern". This is how the financial daily "Börsen-Zeitung" describes the work of Helmut Siekmann. On the occasion of his…
2017-11-25 | IMFS in the Media
Despite past reforms, Volker Wieland still recognizes gaps in banking regulation. At the colloquium of the Institute for Banking and Financial History (IBF)…
2017-11-20 | Press Releases
The question how a forward-looking economic policy could look like will be in the focus of Prof. Volker Wieland's presentation on the new annual report of the…
2017-11-08 | Press Releases
Volker Wieland and his fellow members of the German Council of Economic Experts have asked the future German government to take advantage of the good economic…
2017-10-23 | Press Releases
Greece has been the country hardest hit by the Eurozone crisis. What were the weaknesses that made it so vulnerable to the crisis and to what extent have they been…
2017-09-24 | IMFS in the Media
After the federal elections Volker Wieland expects tough coalition negotiations that will eventually succeed. Regarding the future of the eurozone, however, all…
2017-09-21 | IMFS in the Media
Prior to the Bundestag election, Volker Wieland explains the economic issues at stake in Germany and analyzes various possibilities of the coalition talks in an…
2017-09-15 | IMFS in the Media
With the upcoming end of Janet Yellen's term as Fed Chair and the resignation of Vice Chairman Stanley Fischer, the Federal Reserve is facing an upheaval. A reform…
2017-09-12 | Press Releases
Over the past years, the European Central Bank (ECB) has adopted a new course. Its expansionary monetary policy has reached an unprecedented scale. With…
2017-09-08 | IMFS in the Media
The European Central Bank (ECB) and the U.S. Federal Reserve have justified their expansionary monetary policy by referring to the declining equilibrium real…
2017-09-06 | IMFS in the Media
In an op-ed Volker Wieland provides recommendations how the European Central Bank (ECB) should proceed regarding its exit from Quantitative Easing (QE) without…
2017-08-28 | IMFS in the Media
According to Volker Wieland Chancellor candidate Martin Schulz has picked the wrong topics for the election campaign. "Schulz is taking the wrong topics such as…
2017-08-24 | Press Releases
In the IMFS Update August 2017, Volker Wieland, Managing Director of the IMFS, strongly supports a more rule-oriented approach in monetary policy. In his opinion,…
2017-08-23 | IMFS in the Media
Volker Wieland is against raising the inflation target. "The target rate of 2.0 percent is adequate", he said in a survey conducted by the financial newspaper…
2017-08-23 | Press Releases
Central bankers as Fed Chair Janet Yellen and ECB President Mario Drahgi have justified expansionary monetary policy with reference to a decrease in the…
2017-08-16 | IMFS in the Media
In Volker Wieland's opinion, the legal examination of the European Central Bank's (ECB) monetary policy by the European Court of Justice (ECJ) is justified. The…
2017-08-16 | Press Releases
On 14 September, Jens Weidmann, President of Deutsche Bundesbank, will give a lecture on monetary policy after the crisis. The IMFS Distinguished Lecture will…
2017-08-15 | IMFS in the Media
The decision of the Federal Constitutional Court to pass on its concerns regarding the bond purchases of the European Central Bank (ECB) to the European Court of…
2017-06-22 | IMFS in the Media
In the crisis of the ailing Italian banks Volker Wieland is skeptical regarding the rescue arrangements. "The signals from Italy are very negative", he said in an…
2017-06-21 | Press Releases
In recognition of his services in promoting the connection between science on the one hand and politics and society on the other hand, Prof. Volker Wieland has…
2017-06-20 | IMFS in the Media
According to Volker Wieland, the current monetary policy of the European Central Bank (ECB) is not adequate. "The ECB should have communicated a strategy and a…
2017-06-14 | IMFS in the Media
Since the European Central Bank (ECB) announced its purchase program for corporate bonds in March 2016, corporate bond issuance increased. According to Volker…
2017-06-08 | IMFS in the Media
According to Volker Wieland, the current monetary policy of the European Central Bank (ECB) is not adequate. In June, the Governing Council had announced a slight…
2017-06-07 | IMFS in the Media
Volker Wieland has asked the European Central Bank (ECB) to start the exit from the ultra-loose monetary policy. In an op-ed for "Börsen-Zeitung" he explains why…
2017-06-01 | IMFS in the Media
More and more banks are closing down bank branches in the country or introducing fees for withdrawing money. In an interview with the ARD program "Plusminus"…
2017-05-31 | Press Releases
On the occasion of the 70th birthday of Prof. Theodor Baums, legal expert in commercial law and corporate governance, Prof. Helmut Siekmann has edited a collection…
2017-05-18 | Press Releases
Many economists argue in their papers that the natural rate of interest, or r-star, has declined over the past decades. Based on this, central banks also refer to…
2017-05-15 | IMFS in the Media
According to ECB President Draghi, the low interest rates in the euro area are partly a consequence of the low equilibrium interest rate. Henrike Michaelis and…
2017-05-10 | IMFS in the Media
The Federal Constitutional Court examines the duty of disclosure of the German Bundestag. The Green Party (die Grünen) have filed a complaint, citing the handling…
2017-05-08 | Press Releases
In times of extremely low or even negative interest rates, unconventional monetary policy measures and steps towards the limitation of cash payments, issues…
2017-04-27 | IMFS in the Media
Despite the ongoing economic recovery and rising inflation rates the European Central Bank (ECB) contines its expansionary monetary policy. According to Volker…
2017-04-21 | IMFS in the Media
In its recent economic update, the German Council of Economic Experts including Volker Wieland has rejected the criticism of the Trump administration regarding the…
2017-04-10 | Press Releases
Central bankers, market participants and ECB watchers discussed about the monetary policy of the European Central Bank (ECB), quantitative easing as well as…
2017-04-06 | IMFS in the Media
At the conference "The ECB and Its Watchers", organized by the IMFS and the Center for Financial Studies, ECB President Draghi said that the ECB's policy stance…
2017-04-05 | Press Releases
On 6 April, central bankers, market participants and academics will discuss current issues of monetary policy at the conference "The ECB and Its Watchers XVIII".…
2017-03-30 | IMFS in the Media
More and more savings banks are introducing bank fees when clients want to withdraw money at a terminal. According to Helmut Siekmann, this is not consistent with…
2017-03-20 | Press Releases
The German Council of Economic Experts has asked the European Central Bank (ECB) to start tapering, ending the bond-buying program as soon as possible. …
2017-03-15 | Press Releases
After the financial crisis, jurisdictions around the world improved their regulatory frameworks in order to handle stumbling financial institutions. In a…
2017-03-09 | IMFS in the Media
Before the meeting of the Governing Council of the European Central Bank (ECB) this Thursday, Volker Wieland advises the ECB to urgently present an exit strategy…
2017-03-07 | Press Releases
The Institute for Monetary and Financial Stability (IMFS) will expand its interdisciplinary research activities in the areas of money and currency during the next…
2017-03-03 | IMFS in the Media
According to Prof. Volker Wieland, the rise in inflation to 2.0 percent in the euro area sends a clear signal to the monetary policy of the European Central Bank…
2017-02-28 | Press Releases
On April 6, 2017 academics, market participants, and policy makers will discuss the effectiveness of the ECB's bond-buying program as well as the need for…
2017-02-14 | IMFS in the Media
In his lecture at the IMFS, Valdis Dombrovskis, Vice-President of the European Commission, said there were good chances of ending the dispute regarding the Greek …
2017-02-14 | IMFS in the Media
US President Donald Trump has the opportunity to influence the course of the Federal Reserve's monetary policy via several upcoming staffing decisions. Also a new…
2017-02-03 | Press Releases
As Donald Trump has assumed office as President of the United States, a new bill regarding the Federal Reserve Bank might receive a fresh boost. In a paper…
2017-02-02 | IMFS in the Media
Prof. Helmut Siekmann describes the role of rating agencies in Europe and the United States in a new edition of the Bayern 2 radio program "Radio Wissen". In this…
2017-01-30 | Press Releases
Given the increase in German inflation at the beginning of 2017, Prof. Volker Wieland warns against a one-sided view focussed only on measuring inflation by the…
2017-01-30 | IMFS in the Media
Given the increase in inflation at the beginning of 2017, Prof. Volker Wieland has urged the European Central Bank (ECB) to alter its course in monetary policy.…
2017-01-17 | Press Releases
On February 13, Valdis Dombrovskis, Vice-President of the European Commission, will give a lecture on "How to Make the Euro a Lasting Success". The IMFS…
2017-01-17 | IMFS in the Media
According to Prof. Volker Wieland, the European Central Bank's (ECB) monetary policy is not adequate. It did not suit the current growth and inflation outlook, he…
2017-01-07 | IMFS in the Media
After the December meeting of the European Central Bank (ECB) new possibilities will open up to banks. Money received from the ECB can be parked again at the ECB,…