Germany nominates Isabel Schnabel, CEPR Research Fellow, to the governing board of the European Central Bank

Wednesday, October 23, 2019

Isabel Schnabel, CEPR Research Fellow, Member of the German Council of Economic Experts and Professor of Financial Economics at the University of Bonn, is set to be nominated by the German government to the governing board of the European Central Bank. 

Isabel would become the second woman on the bank’s 25-member Governing Council after incoming president Christine Lagarde. 

Isabel is widely respected as an expert in financial markets and banking regulation and has served as an economic adviser to the German government since 2014. She is currently a member of the Administrative and Advisory Councils of the German Federal Financial Supervisory Authority (BaFin) and of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB). 

Isabel is a Research Fellow of CEPR in the Financial Economics programme and has been a long-term and frequent contributor since 2010. She has written extensively for VoxEU and is on the steering committee for CEPR’s Research Policy Network (RPN) on European Economic Architecture. 

Isabel is also a member of the 7+7 group of French and German economists who were the architects of 2017 proposals for euro area reform: Policy Insight 91 - Reconciling risk sharing with market discipline: A constructive approach to euro area reform. Proposals which triggered considerable debate, featured on VoxEU. Many of these contributions were included in a VoxEU eBook led by the 7+7: Risk Sharing Plus Market Discipline: A New Paradigm for Euro Area Reform? A Debate

You can find Isabel’s CEPR Discussion papers here. They include:

DP12362 - Asset Price Bubbles and Systemic Risk
Author(s): Markus K Brunnermeier, Simon Rother and Isabel Schnabel
Published: October 2017

DP11061 - Bail-in Expectations for European Banks: Actions Speak Louder than Words
Author(s): Alexander Schäfer, Isabel Schnabel and Beatrice Weder di Mauro
Published: January 2016

DP10805 Financial Fragmentation and Economic Growth in Europe
Author(s): Isabel Schnabel and Christian Seckinger
Published: September 2015

You can find her Vox columns here, including:

Ending the privileges for sovereign exposures in banking regulation
04 March 2016

Maastricht 2.0: Safeguarding the future of the Eurozone
12 February 2016

Divergence of liability and control as the source of over-indebtedness and moral hazard in the European monetary union
07 September 2015