Central Banking, Financial Regulation and Supervision

Central Banking, Financial Regulation and Supervision comprises research in the areas of central banking and monetary and exchange rate policy, as well as bank regulation and supervision. The current crisis has brought these issues again to the forefront, including (i) the debate on the role of central banks beyond lender of last resort to being market-maker of last resort, (ii) the discussion on the optimal regulatory structure for Europe's banking system, (iii) issues of consumer protection and financial literacy that might have contributed to over-indebtedness of many households especially in the U.S., but also in some European countries, and finally (iv) exchange rate issues, as the comparison of crisis resolution in Euro and non-Euro (e.g. UK and Denmark) has shown.