Jan Pieter Krahnen
Jan Pieter Krahnen is the Scientific Director of the Leibniz Institute for Financial Research SAFE, and a Professor of Finance at Goethe University’s House of Finance. His current research focuses on the design of regulation and supervisory institutions for banks and capital markets. Ongoing work covers impact assessment of regulatory interventions, the role of market discipline in banking and market integrity in capital markets, moral hazard in credit securitization, green finance, and the role of public backstop schemes. His publications appeared, among others, in the Review of Economic Studies, Journal of Financial Intermediation, Journal of Financial Stability, and Experimental Economics. Jan Krahnen is a CEPR research fellow, and was President of the European Finance Association in 2011. Krahnen has been involved in policy advisory work relating to financial market regulation, as a member of the High Level Expert Group on Structural Reforms of the EU Banking Sector (“Liikanen Commission”) in 2012, and as a member of the Issing-Commission, advising the German government on the G-20 meetings from 2008-2012. He was also a member of the Group of Economic Advisors (GEA) at the European Securities and Markets Agency (ESMA), Paris, and currently serves as a member of the Academic Advisory Board of Germany’s Federal Ministry of Finance.
ESG, Corporate Governance & Future of the Firm
Wirecard Scandal: When All Lines of Defense Against Corporate Fraud Fail
Scandals such as Wirecard can destroy investor trust in capital markets working fairly and with integrity. A new policy brief commissioned by...
Latest news
Antitrust and Competition
The Kroger-Albertsons Merger Will Not Help Grocery Competition
Kroger and Albertsons say they need to merge to compete with Walmart. Claire Kelloway argues that what they really want is Walmart’s monopsony power, and permitting mergers on these grounds will only harm suppliers, workers, and consumers.
Research
Innovators Respond to Their Presidential Candidate Winning With More Innovation
Does an inventor’s political identity influence their productivity? In a new paper, Joseph Engelberg, Runjing Lu, William Mullins, and Richard Townsend examine the impacts of the 2008 and 2016 United States presidential elections on Democrat and Republican inventors, with a particular focus on the quantity and quality of patents after the country elects a new president.
Antitrust and Competition
Letter to the Editor: Former FTC and DOJ Chief Economists Urge Separation of Economic and Legal Analysis in Merger Guidelines
Seventeen former chief economists of the Federal Trade Commission and the Department of Justice Antitrust Division urge current Agency heads to separate the legal and economic analysis in the draft Merger Guidelines to strengthen the role of the latter in merger review.
Antitrust and Competition
Why the Kroger-Albertsons Merger Is a Mess for Consumers
Grocers Kroger and Albertsons want to merge, which would make them the second biggest retail food chain and, according to them, enhance their ability to compete with Walmart and Costco and offer lower prices to consumers. Christine P. Bartholomew writes that the promises of more competition and lower prices for consumers are unlikely to manifest, and thus the Federal Trade Commission should block the deal.
Book Excerpts
After Neoliberalism
The following is an excerpt from Martin Daunton's new book, "The Economic Government of the World: 1933-2023," out November 14.
Antitrust and Competition
US Taxpayers Should Not Be Subsidizing Harmful Big Oil Mergers
Chevron and ExxonMobil claim their announced mergers with Hess and Pioneer take advantage of market efficiencies, but a closer look reveals an antiquated tax provision likely sweetening these dangerous deals. Antitrust authorities must carefully review the serious risks entailed in these proposed mergers. In parallel, the United States federal government needs to end large tax-free reorganizations—the most egregious way in which American taxpayers are subsidizing monopolistic practices, writes Niko Lusiani.
Book Excerpts
Seeing Others
In an excerpt from her new book, Seeing Others, sociologist Michèle Lamont describes the impact of neoliberal ideas on the working class.
