Detken, Carsten

Macro Prud Policy&Financial Stability

Division

Macroprudential Policy

Current position

Head of Division

Email

carsten.detken@ecb.europa.eu

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
Education
  • 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
Awards
  • CEPR/ESI Prize 2009 for the best Central Bank Research Paper

ECB Financial Stability Review Article

2018
Detken, Carsten, Fahr, Stephan, Lang, Jan Hannes
Predicting the likelihood and severity of financial crises over the medium term with a cyclical systemic risk indicator

ECB Working Paper Series

2014
Detken, Carsten, Alessi, Lucia
Identifying excessive credit growth and leverage
No 1723
2013
Detken, Carsten, Peltonen, Tuomas A., Schudel, Willem, Behn, Markus
Setting countercyclical capital buffers based on early warning models: would it work?
No 1604
2009
Detken, Carsten, Alessi, Lucia
'Real time'early warning indicators for costly asset price boom/bust cycles: a role for global liquidity
No 1039
2007
Detken, Carsten, Adalid, Ramón
Liquidity shocks and asset price boom/bust cycles
No 732
2004
Detken, Carsten, Winkler, Bernhard, Gaspar, Ví­tor
On prosperity and posterity: the need for fiscal discipline in a monetary union
No 420
Detken, Carsten, Smets, Frank
Asset price booms and monetary policy
No 364
2003
Detken, Carsten, Gaspar, Ví­tor
Maintaining price stability under free-floating: a fearless way out of the corner?
No 241
2002
Detken, Carsten, Henry, Jérôme, Smets, Frank, Dieppe, Alistair, Marin, Carmen
Model uncertainty and the equilibrium value of the real effective euro exchange rate
No 160
2001
Brousseau, Vincent, Detken, Carsten
Monetary policy and fears of financial instability
No 89
2000
Detken, Carsten, Hartmann, Philipp
The euro and international capital markets
No 19
1999
Detken, Carsten
Fiscal policy effectiveness and neutrality results in a non-Ricardian world
No 3

ECB Occasional Paper Series

2017
Lo Duca, Marco, Koban, Anne, Basten, Marisa, Bengtsson, Elias, Klaus, Benjamin, Kusmierczyk, Piotr, Lang, Jan Hannes, Detken, Carsten, Peltonen, Tuomas A.
A new database for financial crises in European countries
No 194

Journal publications

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,
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
The Euro and International Capital Markets
International Finance,
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 Manfred Gärtner
Government, Trade Unions and the Macroeconomy
Public Choice,