Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Sort by

Carsten Detken

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 publications
17 July 2019
24 May 2018
Financial Stability Review Issue ,
31 July 2017
31 July 2017
14 November 2016
21 August 2014
30 June 2014
5 November 2013
31 March 2009
23 February 2007
16 December 2004
28 May 2004
1 July 2003
1 July 2002
1 November 2001
1 April 2000
1 May 1999
External publications
Public Choice
Government, Trade Unions and the Macroeconomy
  • Carsten Detken and Manfred Gärtner
Applied Economics
Are German Unions Rocking the Economy? A Reappraisal of the Supply-Side-Political-Business-Cycle Hypothesis
  • Carsten Detken and Manfred Gärtner
International Finance
The Euro and International Capital Markets
  • Carsten Detken and Philipp Hartmann
Australian Economic Papers
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
Economic Policy
Features of the Euro's Role in International Financial Markets
  • Carsten Detken and Philipp Hartmann
European Journal of Political Economy
Quasi real time early warning indicators for costly asset price boom/bust cycles: a role for global liquidity
  • Lucia Alessi and Carsten Detken