Publications of Martin Hellwig

Working Paper (68)

2017
Working Paper
Hellwig, M. (2017). Finanzstabilität, Transparenz und Verantwortlichkeit: Stellungnahme für das Bundesverfassungsgericht. Bonn: Max Planck Institute for Research on Collective Goods
2016
Working Paper
Hellwig, M. (2016). “Total Assets” versus “Risk Weighted Assets”: Does it matter for MREL requirements? Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2016). A homeomorphism theorem for the universal type space with the uniform topology. Bonn: Max Planck Institute for Research on Collective Goods, Discussion Paper 2016/17
2015
Working Paper
Bierbrauer, F., & Hellwig, M. (2015). Public-Good Provision in Large Economies. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Bierbrauer, F., & Hellwig, M. (2015). Robustly Coalition-Proof Incentive Mechanisms for Public Good Provision are Voting Mechanisms and Vice Versa. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Gizatulina, A., & Hellwig, M. (2015). The Genericity of the McAfee-Reny Condition for Full Surplus Extraction in Models with a Continuum of Types. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2015). Neoliberales Sektierertum oder Wissenschaft? Zum Verhältnis von Grundlagenforschung und Politikanwendung in der Ökonomie. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2015). Financial Stability and Monetary Policy. Bonn: Max Planck Institute for Research on Collective Goods
2014
Working Paper
Hellwig, M. (2014). Financial Stability, Monetary Policy, Banking Supervision, and Central Banking. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2014). Yes Virginia, There is a European Banking Union! But It May Not Make Your Wishes Come True. Bonn: Max Planck Institute for Research on Collective Goods
2013
Working Paper
Admati, A. R., DeMarzo, P. M., Hellwig, M., & Pfleiderer, P. (2013). Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Admati, A. R., DeMarzo, P. M., Hellwig, M., & Pfleiderer, P. (2013). The Leverage Ratchet Effect. Bonn: Max Planck Institute for Research on Collective Goods
2012
Working Paper
Admati, A. R., DeMarzo, P. M., Hellwig, M., & Pfleiderer, P. (2012). Debt Overhang and Capital Regulation. Bonn: Max Planck Institute for Research on Collective Goods
2011
Working Paper
Bierbrauer, F., & Hellwig, M. (2011). Mechanism Design and Voting for Public-Good Provision. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Gizatulina, A., & Hellwig, M. (2011). Beliefs, Payoffs, Information: On the Robustness of the BDP Property in Models with Endogenous Beliefs. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2011). From Posteriors to Priors via Cycles: An Addendum. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2011). Incomplete-Information Models of Large Economies with Anonymity: Existence and Uniqueness of Common Priors. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2011). Quo vadis, Euroland? European Monetary Union between Crisis and Reform. Bonn: Max Planck Institute for Research on Collective Goods
2010
Working Paper
Admati, A. R., DeMarzo, P. M., Hellwig, M., & Pfleiderer, P. (2010). Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Bierbrauer, F., & Hellwig, M. (2010). Public-Good Provision in a Large Economy. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2010). Capital Regulation after the Crisis: Business as Usual? Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2010). Finanzkrise und Reformbedarf [The Financial Crisis and Regulatory Reform]. Bonn: Max Planck Institute for Research on Collective Goods
2009
Working Paper
Gizatulina, A., & Hellwig, M. (2009). Informational Smallness and the Scope for Limiting Information Rents. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2009). Utilitarian Mechanism Design for an Excludable Public Good. Bonn: Max Planck Institute for Research on Collective Goods
2008
Working Paper
Hellwig, M. (2008). Competition Policy and Sector-Specific Regulation for Network Industries. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2008). A Generalization of the Atkinson-Stiglitz (1976) Theorem on the Undesirability of Nonuniform Excise Taxation. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2008). A Maximum Principle for Control Problems with Monotonicity Constraints. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2008). A Note on Deaton's Theorem on the Undesirability of Nonuniform Excise Taxation. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2008). Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2008). Zur Problematik staatlicher Beschränkungen der Beteiligung und der Einflussnahme von Investoren bei großen Unternehmen. Bonn: Max Planck Institute for Research on Collective Goods
2007
Working Paper
Hellwig, M. (2007). A Contribution to the Theory of Optimal Utilitarian Income Taxation. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2007). A Reconsideration of the Jensen-Meckling Model of Outside Finance. [Award for the Most Significant Paper in 2009, Journal of Financial Intermediation]. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2007). Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2007). Wirtschaftspolitik als Rechtsanwendung: Zum Verhältnis von Jurisprudenz und Ökonomie in der Wettbewerbspolitik. Bonn: Max Planck Institute for Research on Collective Goods
2006
Working Paper
Hellwig, M. (2006). Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2006). Incentive Problems with Unidimensional Hidden Characteristics: A Uni…fied Approach. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2006). Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist's Perspective. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2006). The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2006). Zur Kategorie der Kausalität in den Wirtschaftswissenschaften. Bonn: Max Planck Institute for Research on Collective Goods
2005
Working Paper
Hellwig, M. (2005). A Contribution to the Theory of Optimal Utilitarian Income Taxation. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2005). Market Discipline, Information Processing, and Corporate Governance. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2005). The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion. Bonn: Max Planck Institute for Research on Collective Goods
2004
Working Paper
Hellwig, M. (2004). Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2004). Optimal Income Taxation, Public-Goods Provision und Public-Sector Pricing: A Contribution to the Foundations of Public Economics. Bonn: Max Planck Institute for Research on Collective Goods
Working Paper
Hellwig, M. (2004). Risk Aversion in the Small and in the Large. When Outcomes are Multidimensional. Bonn: Max Planck Institute for Research on Collective Goods

Report (5)

2012
Report
Admati, A. R., Hellwig, M., DeMarzo, P. M., & Pfleiderer, P. (2012). Comments on: Enhanced prudential standards under section 165, and early remediation requirements under section 166 of the Dodd-Frank Act
Report
Hellwig, M., & et al. (2012). Forbearance, resolution, and deposit insurance. First Report of the Advisory Scientific Committee of the European Systemic Risk Board
Report
Hellwig, M., Sapir, A., & Pagano, M. (2012). A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission’s banking union proposals. Second Report of the Advisory Scientific Committee of the European Systemic Risk Board
2010
Report
Hellwig, M. (2010). Comments on: Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability, Consultative Document. Basel Committee on Banking Supervision
Report
Hellwig, M. (2010). Stellungnahme für die Öffentliche Anhörung des Finanzausschusses des Deutschen Bundestages zum Gesetzentwurf der Bundesregierung zum Restrukturierungsgesetz für Banken

Other (7)

2022
Other
Hellwig, M. F. (2022). Das war ein abgekartetes Spiel! (Interview im Wirtschafts-Podcast der Deutschen Welle). Podcast Wirtschaft, DW
Other
Hellwig, M. F., & Schick, G. (2022). Versagen und Reformbedarf der deutschen Finanzaufsicht. Berlin: Forum for a New Economy, Working Paper 2
2018
Other
Hellwig, M. F. (2018). Germany and the Financial Crises 2007 – 2017, Case Study on a Past Crisis: The Case of Germany, Paper presented at the fourth Annual Macroprudential Conference of the Swedish Riksbank.
2014
Other
Hellwig, M. (2014). Die halbherzige Bankenunion. Deutsche Welle Portal
Other
Hellwig, M. (2014). Finanzmarkt: Die Schwächen der Regulierung (Interview). Deutsche Welle Portal
2013
Other
Admati, A. R., & Hellwig, M. (2013). The Parade of the Bankers’ New Clothes Continues: 28 Flawed Claims Debunked.
2008
Other
Hellwig, M. (2008). Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis.

Newspaper Article (42)

2024
Newspaper Article
Admati, A., & Hellwig, M. F. (2024). Despite their ‘flawed claims’, banks need more equity. The Banker
2023
Newspaper Article
Hellwig, M. F. (2023). Schon lange ein Fall für die Intensivstation. Süddeutsche Zeitung, pp. 13–13
2022
Newspaper Article
Hellwig, M. F. (2022). Leserbrief: Eine gewisse Doppelzüngigkeit. Frankfurter Allgemeine Zeitung, pp. 5–5
Newspaper Article
Hellwig, M. F. (2022). Christine Lagardes grüne Geldpolitik torpediert das Mandat der EZB. Wirtschaftswoche (Wiwo)
Newspaper Article
Hellwig, M. F. (2022). Gazprom, ein Sündenfall und die Folgen. FAZ, pp. 18–18
Newspaper Article
Bayer, C., Felbermayr, G., Hellwig, M. F., & Wambach, A. (2022). Abhängigkeit von Russischem Gas reduzieren, jetzt! FAZ, pp. 16–16
2018
Newspaper Article
Hellwig, M. F. (2018). Man hat nicht wirklich etwas gelernt. taz
Newspaper Article
Hellwig, M. F. (2018). Wider die deutsche Target-Hysterie! Frankfurter Allgemeine Sonntagszeitung
Newspaper Article
Hellwig, M. F. (2018). Beispiel für Populismus. FAZ
Newspaper Article
Hellwig, M. F. (2018). Viel Vages zu Europa. Frankfurter Allgemeine Sonntagszeitung
2017
Newspaper Article
Hellwig, M. (2017). Bitte nicht großdeutsch. FAZ
2016
Newspaper Article
Hellwig, M. (2016). Es droht eine neue Finanzkrise. Frankfurter Allgemeine Sonntagszeitung, p. 33
Newspaper Article
Hellwig, M. (2016). Weniger Spielraum für Missbrauch. Frankfurter Allgemeine Zeitung
2015
Newspaper Article
Hellwig, M. (2015). Si tacuissent... (Duplik auf Clemens Fuest und Hans-Werner Sinn). http://www.oekonomenstimme.org
Newspaper Article
Hellwig, M. (2015). Zur Diskussion um die Notkredite der griechischen Zentralbank für griechische Banken. oekonomenstimme.org
Newspaper Article
Hellwig, M. (2015). Die EZB erpresst die Griechen. taz, p. 3
Newspaper Article
Hellwig, M. (2015). Notstand oder Erpressung? Handelsblatt, p. 64
Newspaper Article
Hellwig, M. (2015). Geldschöpfung und Verluste (Briefe an die Herausgeber). FAZ, p. 25
Newspaper Article
Hellwig, M. (2015). Jens Weidmanns gefährliche Argumente. FAS, p. 16
Newspaper Article
Hellwig, M. (2015). Richtige und falsche Ängste vor einer expansiven Geldpolitik: die EZB verschleppt die Gesundung der Banken. Das macht die Krise nur noch viel schlimmer. FAS, p. 20
Newspaper Article
Hellwig, M. (2015). Der Vergleich hinkt: warum Hilfen in Griechenland nicht dasselbe sind wie in Zypern - eine Entgegnung auf Hans-Werner Sinn. Süddeutsche Zeitung, p. 18
Newspaper Article
Hellwig, M. (2015). Respekt vor dem Generalanwalt. FAZ, p. 25
2014
Newspaper Article
Hellwig, M. (2014). Banken nach der Krise: Wie sicher sind sie? Süddeutsche Zeitung
Newspaper Article
Hellwig, M. (2014). Interview: Veeg banken snel schoon. De Financiële Telegraaf, Amsterdam
Newspaper Article
Hellwig, M. (2014). Banken im Sicherheits-Check. Frankfurter Allgemeine Sonntagszeitung
Newspaper Article
Hellwig, M. (2014). 30 % Eigenkapital! Frankfurter Allgemeine Sonntagszeitung
2010
Newspaper Article
Fuest, C., Hellwig, M., Sinn, H.-W., & Franz, W. (2010). Zehn Regeln zur Rettung des Euro – Appell an die Bundesregierung. FAZ
Newspaper Article
Hellwig, M. (2010). Banken sollten 20 % mehr Eigenkapital halten, Interview. Basler Zeitung, Finanz und Wirtschaft
Newspaper Article
Hellwig, M. (2010). Healthy banking system is the goal, not profitable banks (Letter to the editor with A. Admati and eighteen other signatories). Financial Times
Newspaper Article
Hellwig, M. (2010). Interview: Banken brauchen mehr Eigenkapital. Hannoversche Allgemeine Zeitung
Newspaper Article
Hellwig, M. (2010). Private Gläubiger werden auch nach 2013 davonkommen. Börsen-Zeitung
2009
Newspaper Article
Hellwig, M. (2009). An den Ursachen der Finanzkrise vorbei, Interview zum G20-Gipfel [Ignoring the Causes of the Financial Crisis].
Newspaper Article
Hellwig, M. (2009). Interview: Der richtige Weg zur Bad Bank [The Good Way to a Bad Bank]. Frankfurter Rundschau
Newspaper Article
Hellwig, M. (2009). Ökonomenaufruf: Warum wir nicht dabei sind (Interview). Handelsblatt
Newspaper Article
Hellwig, M. (2009). Das „Bad-Bank“-Gesetz kann sehr teuer werden [The Bad-Bank Law may Prove very Expensive]. Frankfurter Allgemeine Zeitung
Newspaper Article
Hellwig, M., & Weder di Mauro, B. (2009). Ich bin systemrelevant. Holt mich hier raus! [I am System-relevant – Get me Out of Here! – Solvency Problems and System Risk in the Financial Sector]. FAZ, p. 12
Newspaper Article
Hellwig, M., & Weder di Mauro, B. (2009). Ich wasch' Euch den Pelz und mach' Euch nicht nass! – Von „toxischen“ Papieren, Bad Banks und ungelösten Solvenzproblemen [Of 'toxic' Papers, Bad Banks and Unsolved Solvency Problems]. Die Welt
2008
Newspaper Article
Hellwig, M. (2008). Man darf sich nicht nur auf die Risikomodelle der Banken verlassen [One cannot Rely Exclusively on the Banks’ Risk Models]. Neue Zürcher Zeitung
Newspaper Article
Hellwig, M. (2008). Tiefe Wirtschaftskrise droht [Major Economic Crisis Looms]. Manager-Magazin
Newspaper Article
Hellwig, M. (2008). Wenn die Interessen verwischen [When Interests become Blurred]. Frankfurter Allgemeine Zeitung
2007
Newspaper Article
Hellwig, M. (2007). Interview: Nicht jeden reinlassen [Interview on Public Control of Sovereign Fund Participation in German Infrastructure Companies]. Frankfurter Allgemeine Sonntagszeitung, p. 33
2006
Newspaper Article
Hellwig, M. (2006). Der grosse Knackpunkt in Deutschland ist die "Letzte Meile". Neue Zürcher Zeitung, p. 33
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