# podcast

Banks and loan losses in the pandemic turmoil

The current pandemic is shaking the financial system. How can banks react ? Is a consolidation of the financial system in Europe needed in order to respond to this crisis ? Will our economies suffer from this pandemic as...

25th March 2020 by Guntram Wolff 1089 views

# Blog

Recent euro-area house price increases are dissimilar to earlier housing booms

Current housing markets relative to those pre-crisis seem to be far less driven by mortgage credit, and the size of the construction sector has not increased. This is possibly good news for financial stability because an...

19th February 2020 by Guntram Wolff 1446 views

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# Publications

From climate change to cyber-attacks: incipient financial-stability risks for the euro area

The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to eur...

7th February 2020 by Guntram Wolff 1221 views

# Blog, Interviews

Europe’s banking union must be cyberproofed

This opinion piece was published in Politico Nikkei Veritas, Corriere della Sera and Kathimerini. When European leaders, back in 2012, embarked on an ambitious plan to create a truly pan-continental financial system, the...

30th January 2020 by Guntram Wolff 1560 views

# Blog

Opportunities and risks in Europe in 2018

This opinion piece was published by Nikkei Asia Review and Nikkei Veritas as well as Kathimerni. As 2017 draws to a close, it is a good moment to review the main risks for the upcoming year and explore some of the...

30th December 2017 by Guntram Wolff 3095 views

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# Publications

Capital Markets Union and the fintech opportunity

The paper was prepared for and presented at the informal ECOFIN in Tallinn, Estonia, on 15 September 2017. The paper is available here. Complementing Europe’s bank-based system with deeper capital markets and more...

14th September 2017 by Guntram Wolff 2247 views

# Blog

The G20’s structural reform agenda should address income gap and financial system fragility

G20 leaders must address major issues like the distribution of income and the structure of our financial systems in order to combat the deeper underlying causes of weak global demand. A version of this op-ed was also pub...

15th March 2016 by Guntram Wolff 2276 views

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# Publications

So far apart and yet so close: Should the ECB care about inflation differentials?

Inflation rates can differ across regions of monetary unions. We show that in the euro area, the US, Canada, Japan and Australia, inflation rates have been substantially and persistently different in different regions. D...

22nd September 2014 by Guntram Wolff 5339 views