Background and professional interests

Marcel Fratzscher is Head of the International Policy Analysis Division of the European Central Bank (ECB). His division is responsible for the preparation of ECB policy positions in three areas: on global systemic economic and financial issues, on emerging economies in Asia and in Latin America as well as on the whole range of issues related to the international monetary system and its institutions. His own research covers a broad range of distinct issues in the fields of macroeconomics, international finance, monetary economics and international policy co-ordination. This work has been published in a number of leading academic journals and received several policy and research awards.

His prior full-time professional experience includes the Peterson Institute for International Economics in Washington D.C. in 2000-01. Before and during the Asian financial crisis in 1996-98, he worked in Indonesia as a Macroeconomic Policy Analyst at the Ministry of Finance of the Republic of Indonesia, Jakarta, for the Harvard Institute for International Development (HIID). He also spent shorter periods working at Mwaniki Associates in Kenya, the Asian Development Bank in the Philippines, and the World Bank in the US.

What's new

Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls , (with K. Forbes, T. Kostka and R. Straub), NBER Working Paper No. 18052, May 2012.

 

Quantitative Easing, Portfolio Choice and International Capital Flows , (with M. Lo Duca and R. Straub), mimeo April 2012.

 

The Pricing of Sovereign Risk and Contagion during the European Sovereign Debt Crisis , (with J. Beirne), mimeo April 2012.

Capital Flows, Push versus Pull Factors and the Global Financial Crisis , NBER-Sloan project on the Global Financial Crisis, Journal of International Economics .

The scapegoat theory of exchange rates: The first tests , (with L. Sarno & G. Zinna ), CEPR Discussion Paper No. 8812, February 2012.

Global crises and equity market contagion , (with G. Bekaert, M. Ehrmann and A. Mehl), NBER Working Paper No. 17121, revise and resubmit  Journal of Finance .

Research & Policy

Disclaimer: This is my personal homepage, and any views expressed here are my own and do not
necessarily reflect those of the European Central Bank or the Eurosystem.