Detken, Carsten

Macro Prud Policy&Financial Stability


Macroprudential Policy

Current position

Head of Division


Other current responsibilities
  • Head, Financial Stability Surveillance Division, Directorate General Financial Stability, ECB, Frankfurt
  • Chair ESRB Expert Group on Guidance on Setting Countercyclical Capital Buffers
  • Co-chair ESCB Macroprudential Research Network (MaRs) on Early Warning Systems and Systemic Risk Indicators
  • Chair of FSC/EBA Impact Study Group on Procyclicality of Capital Requirements Workstream
  • Chair FSC Expert Group on Survey on Credit Terms and Conditions in Euro denominated Securities Financing and OTC Derivatives Markets
  • Ph. D. in economics, University of St. Gallen, Switzerland, 1994
  • Visiting scholar University of California Berkeley, 1991/92
  • Masters in economics (equivalent), University of St. Gallen, Switzerland, 1988
  • Bachelor in economic sciences (equivalent), University of Münster, Germany, 1986
Professional experience
  • since Sept. 2010 Head of Division, Financial Stability Surveillance, ECB, Frankfurt
  • 1998 - 2010 Directorate General Research, ECB, Frankfurt (2005-2010 Senior Adviser to Director General)
  • 1997-1998 Senior Economist, European Monetary Institute, Frankfurt
  • 1995-1997 Associate Director, Swiss Bank Corporation, Basel
  • 2005-2010 Member of CNB Research Advisory Committee
  • CEPR/ESI Prize 2009 for the best Central Bank Research Paper

ECB Working Paper Series

ECB Occasional Paper Series

ECB Financial Stability Review Article

Journal publications

Carsten Detken and Manfred Gärtner
Government, Trade Unions and the Macroeconomy
Public Choice
Carsten Detken and Manfred Gärtner
Are German Unions Rocking the Economy? A Reappraisal of the Supply-Side-Political-Business-Cycle Hypothesis
Applied Economics
Carsten Detken and Philipp Hartmann
The Euro and International Capital Markets
International Finance
Carsten Detken, Alistair Dieppe, Jerome Henry, Carmen Marin and Frank Smets
Determinants of the Effective Real Exchange Rate of the Synthetic Euro: Alternative Methodological Approaches
Australian Economic Papers
Carsten Detken and Philipp Hartmann
Features of the Euro's Role in International Financial Markets
Economic Policy
Lucia Alessi and Carsten Detken
Quasi real time early warning indicators for costly asset price boom/bust cycles: a role for global liquidity
European Journal of Political Economy