Schnatz, Bernd

International & European Relations


External Developments

Current position

Deputy Head of Division


Other current responsibilities
  • Deputy Head of Division, DG-International and European Relations, External Developments Division
  • 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

Journal publications

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