What is new

December 2025: Forthcoming new edition of my book on central banks (in German).
September 2025: Published article in the North American Journal of Economics and Finance on the runs test.
September 2025: Newspaper comment on the economic effect of capital requirements (in German).
August 2025: Short essay on tariffs and trade (in German).
March 2025: Newspaper comment on central-bank profits (in German).