The views and opinions expressed in the working papers and blogs published in this section are those of the individual authors and do not necessarily represent the views and opinions of the Council of Economic Experts.


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

– VoxEU blog post of GCEE members Lars P. Feld, Christoph M. Schmidt, Isabel Schnabel and Volker Wieland

Macroprudential supervision in the Eurozone: Beware of excessive expectations

– VoxEU blog post by Niklas Gadatsch, Tobias Körner, Isabel Schnabel and Benjamin Weigert

Greece: No escape from the inevitable

– VoxEU blog post by Lars P. Feld, Christoph M. Schmidt, Isabel Schnabel, Benjamin Weigert and Volker Wieland

Der Abbau von impliziten Garantien im Bankensystem: Eine empirische Analyse auf Basis von CDS-Spreads

– Working Paper 09/2014 by Andreas Barth and Isabel Schnabel

Getting to Bail-in: Effects of Creditor Participation in European Bank Restructuring

– Working Paper 08/2014 by Alexander Schäfer, Isabel Schnabel and Beatrice Weder di Mauro