Member of the ECB's Executive Board

Isabel Schnabel

Date of birth: 9 August 1971

2003: PhD, Economics, University of Mannheim
1998: Diploma in Economics, University of Mannheim
1992-1998: Studies in Economics at the Universities of Mannheim, Paris I (Sorbonne) and UC Berkeley
1990-1992: Professional training, Deutsche Bank, Dortmund

Since 2020: Member of the Executive Board, European Central Bank
Since 2015: Professor of Financial Economics, University of Bonn (on leave)
2014-2019: Member of German Council of Economic Experts (Sachverständigenrat zur Begutachtung der gesamt-wirtschaftlichen Entwicklung)
2007-2015: Professor of Financial Economics, University of Mainz
2004-2007: Senior Research Fellow, Max Planck Institute for Research on Collective Goods, Bonn
2004-2005: Visiting Postdoctoral Fellow at Harvard University
2003-2004: Assistant Professor of Economics, University of Mannheim

Council Member, European Economic Association, since 2020
Research Affiliate, Max Planck Institute for Research on Collective Goods, Bonn (on leave), since 2007
Research Affiliate, Centre for Economic Policy Research (CEPR) (Research Fellow since 2015), since 2006
Spokesperson, Cluster of Excellence “ECONtribute – Markets & Public Policy”, 2019
Co-Chair, Franco-German Council of Economic Experts, 2019
Executive Board Member, Reinhard Selten Institute, Bonn and Cologne, 2017-2019
Member, Scientific Advisory Board of Research Data and Service Centre at Deutsche Bundesbank (Deputy Chair as of June 2017), 2016-2019
Member, Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) (Vice Chair in 2019), 2015-2019
Member, Administrative Council of BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), 2013-2019
Member, Advisory Board of BaFin (Chair as of 2016), 2008-2019

Member, North Rhine-Westphalian Academy of Sciences, Humanities and the Arts (currently inactive), since 2019
Member, Berlin-Brandenburg Academy of Sciences and Humanities (currently inactive), since 2018
Stolper Prize, Verein für Socialpolitik, 2018
Prize of Monetary Workshop, 2018
Best Teaching Award, Goethe University Frankfurt, 2010
Best Teaching Award, University of Mannheim, 2000
Scholarship of German National Academic Foundation (Studienstiftung des Deutschen Volkes), 1993-1998

“Asset Price Bubbles and Systemic Risk,” with Markus K. Brunnermeier and Simon Rother, Review of Financial Studies, forthcoming.
“Financial Sector Reform After the Crisis: Has Anything Happened?”, with Alexander Schäfer and Beatrice Weder di Mauro, Review of Finance, 2016, 20(1), 77-125.
“Financial Integration and Growth – Why Is Emerging Europe Different?”, with Christian Friedrich and Jeromin Zettelmeyer, Journal of International Economics, 2013, 89, 522-538.
“Competition, Risk-Shifting, and Public Bail-out Policies,” with Reint Gropp and Hendrik Hakenes, Review of Financial Studies, 2011, 24(6), 2084-2120.
“Liquidity and Contagion: The Crisis of 1763,” with Hyun Song Shin, Journal of the European Economic Association, 2(6), December 2004, 929-968.
“The German Twin Crisis of 1931,” Journal of Economic History, 64(3), September 2004, 822-871.

Target-Salden, Leistungsbilanzsalden, Geldschöpfung, Banken und Kapitalmärkte [Target Balances, Current Account Balances, Money Creation, Banks and Capital Markets], with Martin Hellwig, Wirtschaftsdienst, 99(9), 2019, 632–640.
Verursachen Target-Salden Risiken für die Steuerzahler? [Do Target Balances Create Risks for Taxpayers?], with Martin Hellwig, Wirtschaftsdienst, 99(8), 2019, 553–561.
Completing Europe’s Banking Union means breaking the bank-sovereign vicious circle, with Nicolas Véron, VoxEU column, 16 May 2018, available at www.voxeu.org, also available at the Peterson Institute for International Economics and at Bruegel.
Breaking the stalemate on European deposit insurance, with Nicolas Véron, VoxEU column, 6 April 2018, available at www.voxeu.org, also available at the Peterson Institute for International Economics and at Bruegel.
Reconciling risk sharing with market discipline: A constructive approach to euro area reform, with Agnès Bénassy-Quéré, Markus K Brunnermeier, Henrik Enderlein, Emmanuel Farhi, Marcel Fratzscher, Clemens Fuest, Pierre-Olivier Gourinchas, Philippe Martin, Jean Pisani-Ferry, Hélène Rey, Nicolas Véron, Beatrice Weder di Mauro, Jeromin Zettelmeyer, CEPR Policy Insight No. 91, also available at the Peterson Institute for International Economics and at Bruegel.