SAFE-IBF-CFS-HoF Policy Discussion: "Leveraged - financial stability in a high debt world"

30 Nov 2022 17:00 PM
30 Nov 2022 19:00 PM

The Leibniz Institute for Financial Research SAFE, the Institute for Banking and Financial History, the Center for Financial Studies, and the House of Finance jointly organize and cordially invite you to attend a policy discussion on

Leveraged - Financial Stability in a High Debt World

The event will be held on 30 November 2022, 17:00 – 19:00 CET, Festsaal, Casino building, Campus Westend

The authors present chapters from their new book "Leveraged": 
Moritz Schularick
(University of Bonn, editor)
Daniel Dieckelmann  (European Central Bank, co-author)
Kaspar Zimmermann  (Leibniz Institute for Financial Research SAFE, co-author) 

Panel discussion on Financial Stability Outlook:
Loriana Pelizzon  (Leibniz Institute for Financial Research SAFE)
Isabel Vansteenkiste (European Central Bank)
Lena Tonzer  (Vrije Universiteit Amsterdam & Halle Institute for Economic Research)

Moderation: Moritz Schularick (University of Bonn)

"The 2008 financial crisis was a seismic event that laid bare how financial institutions’ instabilities can have devastating effects on societies and economies. COVID-19 brought similar financial devastation at the beginning of 2020 and once more massive interventions by central banks were needed to heed off the collapse of the financial system. All of which begs the question: why is our financial system so fragile and vulnerable that it needs government support so often?”

This is the starting point for the new book "Leveraged" edited by Moritz Schularick, University of Bonn, bringing together research of a younger generation of economists reflecting on the origins of financial instability in modern economies that in their opinion need to be discussed in a broader and also long term perspective.

While the first panel offers insights into the authors’ New Economics of Debt and Financial Fragility presented by Moritz Schularick, Kaspar Zimmermann and Daniel Dieckelmann a second panel will focus on the resilience and requirements of today's and the future financial system, which not only is exposed to shocks but is expected to play a key role in coping with the ongoing transformation processes. Moritz Schularick will be moderating the panel discussion with Loriana Pelizzon (Leibniz Institute SAFE), Isabel Vansteenkiste (European Central Bank) and Lena Tonzer (Vrije Universiteit Amsterdam & Halle Institute for Economic Research).