Bernd Schnatz

Bernd Schnatz

International & European Relations


  • Principal Economist, DG-International and European Relations, External Developments Division

Fields of interest:

  • International Economics, Exchange Rates, Commodity Markets


  • University of Hamburg, PhD in Economics (Dr. rer. pol), 1993 – 1996
  • J. W. Goethe University Frankfurt, M. Sc. in Economics (Dipl. Volkswirt), 1987– 1993

Professional experience:

  • European Central Bank, 2000 – present
  • Deutsche Bundesbank, 1996 – 2000
  • Hamburg Institute for International Economics, 1993 – 1996
Title Authors Where Date
Explaining and forecasting euro area exports: Which competitiveness indicator performs best? M. Ca’Zorzi and B. Schnatz P. De Grauwe (ed.), "The Many Dimensions of Competitiveness", MIT Press, Cambridge. 2010-09-01
Evaluating China’s Integration in World Trade: A Benchmark Based on a Gravity Model M. Bussière and B. Schnatz Open Economies Review, 2009, 20, 1, 85-111. 2009-01-20
Trade integration of central and eastern European countries and China: Has it reached potential? M. Bussière and B. Schnatz F. di Mauro, S. Dees, W. McKibbin (ed.), "Globalisation, Regionalism and Economic Interdependence", Cambridge Univ. Pr. 2009-01-01
EU Enlargement and Trade Integration: Lessons from a Gravity Model M. Bussière, J. Fidrmuc and B. Schnatz Review of Development Economics, 2008, 12, 3, 562-576. 2008-12-01
Is reversion to PPP in euro exchange rates non-linear? B. Schnatz International Economics and Economic Policy, 2007, 4, 3, 281-295. 2007-04-03
Towards the estimation of equilibrium exchange rates for transition economies: Methodological issues and a panel cointegration perspective F. Maeso-Fernandez, C. Osbat and B. Schnatz Journal of Comparative Economics, 2006, 34, 3, 499-517. 2006-03-01
Pitfalls in estimating equilibrium exchange rates for transition economies F. Maeso-Fernandez and C. Osbat Economic Systems, 2005, 29, 130-143. 2005-01-03
Trade integration of the new EU member states and selected South-East European countries: lessons from a gravity model M. Bussière, J. Fidrmuc and B. Schnatz K. Liebscher et al. (ed.), "European Economic Integration and South East Europe – Challenges and Prospects". 2005-01-03
Productivity and the euro-dollar exchange rate B. Schnatz, F. Vijselaar and C. Osbat Review of World Economics/ Weltwirtschaftliches Archiv, 2004, 140, 1, 1-30. 2004-01-01
Determinants of the euro real effective exchange rate: A BEER/PEER approach F. Maeso-Fernandez, C. Osbat and B. Schnatz Australian Economic Papers, 2002, 41, 4, 437-461. 2002-04-01
The determinants of the euro-dollar exchange rate: synthetic fundamentals and a non-existing currency J. Clostermann and B. Schnatz Applied Economics Quarterly, 2000, 46, 3, 274-302; and Deutsche Bundesbank Discussion Paper 2/00 2000-01-03
Speculative attacks in emerging markets: the role of macroeconomic fundamentals B. Schnatz Intereconomics, 2000, 35, 2, 81-79; and Deutsche Bundesbank Discussion Paper 3/98 2000-01-03
The sudden freeze of the Asian miracle: The role of macroeconomic fundamentals B. Schnatz Asia Pacific Journal of Finance 1999-02-01
Rating agencies and financial market volatility – a commentary B. Schnatz Intereconomics 1998-01-01
Financial markets and speculative attacks in Asia: a historical perspective B. Schnatz L. Menkhoff and B. Reszat (eds), "Asian financial markets – structures, policy issues and prospects", Baden-Baden 1998-01-01
South Africa's economic prospects after the elections B. Schnatz Intereconomics 1994-03-29