Professor of International Trade and Finance at University of Zurich
A position paper that I co-authored and that has been endorsed by all faculty at UZH’s department of economics is now available from the department main web page (in German): https://www.econ.uzh.ch/de/newsandmedia/Coronavirus-Positionspapier.html
In a note summarizing my panel presentation at the recent Belgian Financial Forum /SUERF Conference “Cross border financial services: Europe’s Cinderella?” now appearing in the Revue bancaire et financière, I argue that cross-border banking consolidation is a prerequisite for better risk sharing in the eurozone. However, the incomplete banking union perpetuates regulatory fragmentation an d … Read more
In a new column on VoxEU entitled Banking integration in the EMU — let’s get real Mathias Hoffmann, Egor Masolv, Bent Sorensen and Iryna Stewen argue that dependence on domestic banks reduces risk-sharing in a crisis, reducing GDP growth in affected country-sectors. Benefits from banking integration are only robust to global shocks if banking integration … Read more