Economist | University Lecturer

Since May 2017, I have been heading the Financial Stability / Macroprudential Supervision Unit at the Liechtenstein Financial Market Authority (FMA) in Vaduz. Previously, I worked as an Economist in the External Developments Division of the European Central Bank (ECB) and in the Foreign Research Division of the Oesterreichische Nationalbank (Austrian Central Bank).

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Besides my policy work in central banking and financial market regulation, I am an academic lecturer at the University of Innsbruck, the University of Liechtenstein and the Vienna University of Economics & Business. In 2018, I successfully completed my Habilitation in Economics at the University of Innsbruck.

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Some selected policy contributions

The FMA has published its second Financial Stability Report for the Liechtenstein financial market: Financial Stability Report 2019

During my time at the ECB, I worked intensively on issues related to global trade, particularly on the reasons behind the global trade slowdown following the global financial crisis.

'Understanding the weakness in global trade: What is the new normal?', 2016,

with IRC Trade Task Force, ECB Occasional Paper, No. 178, September.

The main results were also presented in a voxEU column and a box in the ECB Economic Bulletin.

Latest publications

'Credit Intermediation and the Transmission of Macro-financial Uncertainty: International Evidence', 2020, with M. Geiger and S. Stöckl, Journal of International Money and Finance, forthcoming.

'Success factors in ICOs: Individual firm characteristics of lucky timing?', 2020, with I. Gächter, Finance Research Letters, forthcoming.

'The trinity of wage setting in EMU: A policy proposal', 2018, with P. Ramskogler and A. Riedl, Journal of Policy Modeling, 40(2), 284-304.

'The finance-trade nexus revisited: Is the global trade slowdown also a financial story?', 2017, with I. Gkrintzalis, Economics Letters, 158, 21-25.

'Wage divergence, business cycle co-movement and the currency union effect', 2017, with A. Gruber and A. Riedl, Journal of Common Market Studies, 55(6), 1322-1342.