What is new

May 2026: The new edition of my book on central banks is now available (in German).
April 2026: Published article in the European Review of Economic History.
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).