Carsten Detken

Carsten Detken

Financial Stability


  • 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

Fields of interest:

  • Financial stability surveillance, Early warning systems, Monetary policy and financial stability; International economics, Monetary policy and fiscal regimes


  • 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
Title Authors Where Date
Government, Trade Unions and the Macroeconomy Carsten Detken and Manfred Gärtner Public Choice 1992-06-10
Are German Unions Rocking the Economy? A Reappraisal of the Supply-Side-Political-Business-Cycle Hypothesis Carsten Detken and Manfred Gärtner Applied Economics 1993-06-09
The Euro and International Capital Markets Carsten Detken and Philipp Hartmann International Finance 2000-07-12
Determinants of the Effective Real Exchange Rate of the Synthetic Euro: Alternative Methodological Approaches Carsten Detken, Alistair Dieppe, Jerome Henry, Carmen Marin and Frank Smets Australian Economic Papers 2002-11-12
Features of the Euro's Role in International Financial Markets Carsten Detken and Philipp Hartmann Economic Policy 2002-10-08
Quasi real time early warning indicators for costly asset price boom/bust cycles: a role for global liquidity Lucia Alessi and Carsten Detken European Journal of Political Economy 2011-06-25