News Archive

On 9 December 2013, Donal Donovan, Adjunct Professor at the University of Limerick and Visiting Lecturer at Trinity College, presented some insights into the Irish financial crisis, including the deficiencies of the euro area architecture and the highly controversial Irish government guarantee for banking system liabilities. The lecture was part of the SAFE Policy Center Lecture...[more]

Jan Pieter Krahnen, Program Director of the SAFE Policy Center, and Jörg Rocholl, President of the European School of Management and Technology (ESMT), present a compromise for the planned European bank resolution scheme (Single Resolution Mechanism (SRM)). In case of a bank resolution the liability for losses should first be allocated to a national fund. If losses exceed the national fund’s...[more]

On 29 November 2013, the first Frankfurt Conference on Financial Market Policy took place. High-level regulators and industry representatives discussed the challenges their institutions currently face in implementing recent reform proposals that can be subsumed under the term Banking Union. The one-day event was organized by the Policy Center of the Center of Excellence SAFE. It will be...[more]

Click here to download: SAFE Newsletter Q4 2013 Content: Research  Mirko Wiederholt "Rational Inattention and Business Cycles" Charles Noussair, Stefan Trautmann, Gijs van de Kuilen, Nathanael Vellekoop "Risk Aversion and Religion"   Jens Gal "The European System of Financial Supervision – Stillborn or About to Grow Out of the Cradle?" ...[more]

Using social media sentiment in investment decisions and identifying signs of market manipulation / EU research project FIRST reaches successful conclusion Attitudes and opinions expressed in social networks, online forums and blogs are referred to every day to support countless investment decisions. Information on sentiment enables early identification and evaluation of events that have an...[more]

Sovereign money instead of commercial bank money: On 12 November, Joseph Huber, Professor for economic and environmental sociology at the Martin Luther University of Halle-Wittenberg, pleaded for a sovereign money system. His talk was part of the CFS Lecture series on the Order of Money hosted by Thomas Mayer, CFS Senior Fellow. Huber explained that the existing money system (the reserve...[more]

On 7 November, Karl-Peter Schackmann-Fallis, Executive member of the board of the German Savings Banks Association (DSGV), presented the proposals for a European deposit guarantee scheme from the perspective of the German Savings Banks Finance Group. The lecture was part of the SAFE Policy Center lecture series. At the outset, Schackmann-Fallis described the existing institute guarantee...[more]