Welcome to the website of the Finance Group


On January 17, 2018, a group of prominent French and German economists, including Isabel Schnabel, presented a report on the reform of the euro area, entitled "How to reconcile risk sharing and market discipline in the euro area". The article proposes six important reforms to improve the euro area’s political and financial stability. The group consisted of Agnès Bénassy-Quéré, Markus Brunnermeier, Henrik Enderlein, Emanuelle Farhi, Marcel Fratzscher, Clemens Fuest, Pierre-Oliver Gourinchas, Philippe Martin, Jean Pisani-Ferry, Hélène Rey, Isabel Schnabel, Nicolas Véron, Beatrice Weder di Mauro and Jeromin Zettelmeyer (2018): “Reconciling risk sharing with market discipline: A constructive approach to euro area reform”, CEPR Policy Insight No. 91.



We are pleased to announce that Julian Mitkov has joined our Institute.

Full proposal stage of Excellence Initiative has been reached

Under the direction of Professor Schnabel, Institute of Economics & Statistics, the Cluster of Excellence Initiative “ECONtribute: Markets & Public Policy”, a joint project by the Universities of Bonn and Cologne, has been invited to submit a full proposal in the framework of Germany’s Excellence Strategy by the DFG. The full proposal has to be submitted in February 2018.

The goal of ECONtribute is to establish a new paradigm for the analysis of market failures and public policy, taking into account recent advancements in economic theory and behavioral economics.

Finance and Insurance Seminar

Tuesday, 12:15-13:30 in the Faculty Lounge (more details)

Michela Altieri, VU Amsterdam, January 30, 2018

Giorgia Barboni, Princeton University, January 24, 2018

Olivier Darmouni, Columbia University, January 23, 2018

Christopher HolsUniversity of Bonn, January 16, 2018

Nicola Limodio, Bocconi University, December 12, 2017

Antonis Kotidis, University of Bonn & Bank of England, December 19, 2017