The sovereign-bank nexus continues to endanger the stability of the euro area. We present a proposal how to mitigate spillovers of risks from sovereigns to banks. It encompasses risk-based large exposure limits and risk-adequate capital requirements, with the large exposure limits being most important – both conceptually and empirically. Based on a recent snapshot of […]
Jochen Andritzky assumed the position of Secretary General of the German Council of Economic Experts in June 2015. Before joining the Council, he served at the International Monetary Fund (IMF) in Washington DC for nine years where he worked on the euro area crisis, among other topics. From 2008 to 2010 he was seconded as adviser to the National Bank of Ukraine in Kiev. Dr. Andritzky obtained degrees in economics and politics from the University of St. Gallen, Switzerland. Following a visiting scholarship at the University of California UCSC, he completed his dissertation on debt crises at the University of St. Gallen in 2006.
His main research interests are financial economics, financial stability, credit derivatives and sovereign risk.