Publications of Martin Hellwig
All genres
Journal Article (116)
1986
Journal Article
The Private Supply of a Public Good. Zeitschrift für Nationalökonomie 5, pp. 121 - 159 (1986)
1985
Journal Article
Geldwert und Geldneutralität: Indirekter Tausch und Geld in der temporären Gleichgewichtstheorie. Das Wirtschaftsstudium 14, pp. 503 - 508 (1985)
Journal Article
What do we know about Currency Competition? Zeitschrift für Wirtschafts- und Sozialwissenschaften 105, pp. 565 - 588 (1985)
Journal Article
Incentive-Compatible Debt Contracts: The One-Period Problem. Review of Economic Studies 52, pp. 647 - 663 (1985)
1983
Journal Article
Moral Hazard and Monopolistically Competitive Insurance Markets. Geneva Papers on Risk and Insurance 8, pp. 44 - 71 (1983)
Journal Article
A Note on the Implementation of Rational Expectations Equilibria. Economic Letters 11, pp. 1 - 8 (1983)
1982
Journal Article
Rational Expectations and the Markov Property of Temporary Equilibrium Processes. Journal of Mathematical Economics 9, pp. 135 - 144 (1982)
Journal Article
Rational Expectations Equilibrium with Conditioning on Past Prices: A Mean-Variance Example. Journal of Economic Theory 26, pp. 279 - 312 (1982)
Journal Article
Zur Informationseffizienz des Kapitalmarktes. Zeitschrift für Wirtschafts- und Sozialwissenschaften 102, pp. 1 - 27 (1982)
1981
Journal Article
Bankruptcy, Limited Liability, and the Modigliani-Miller Theorem. American Economic Review 71, pp. 155 - 170 (1981)
1980
Journal Article
The Aggregation of Information in Competitive Markets. Journal of Economic Theory 22, pp. 477 - 498 (1980)
Journal Article
Stochastic Processes of Temporary Equilibria: A Note. Journal of Mathematical Economics 7, pp. 287 - 299 (1980)
1977
Journal Article
A Model of Borrowing and Lending with Bankruptcy. Econometrica 45, pp. 1879 - 1906 (1977)
1975
Journal Article
The Demand for Money and Bonds in Continuous-Time Models. Journal of Economic Theory 11, pp. 462 - 464 (1975)
Journal Article
Asset Management with Trading Uncertainty. Review of Economic Studies 42, pp. 327 - 346 (1975)
Journal Article
A Note on the Budget Constraint in a Model of Borrowing. Journal of Economic Theory 11, pp. 305 - 314 (1975)
Book (7)
2023
Book
The Bankers' New Clothes: What’s Wrong With Banking and What to Do About It - New and Expanded Edition. Princeton University Press (accepted)
2013
Book
The Bankers' New Clothes: What’s Wrong With Banking and What to Do About It. Princeton University Press (2013), 398 pp.
2009
Book
Steuerliche Förderung von Forschung und Entwicklung (FuE) in Deutschland. Springer Verlag, Berlin/Heidelberg (2009)
2004
Book
An Agenda for a Growing Europe: The Sapir Report. Oxford University Press, Oxford (2004), 208 pp.
2000
Book
Abgeltungssteuer bei Kapitaleinkommen. (2000)
1999
Book
Die föderative Ordnung in Not: Zur Reform des Finanzausgleichs. (1999)
Book
Ökologische Steuerreform: Zu viele Illusionen. (1999)
Book Chapter (48)
2020
Book Chapter
How important is a european deposit insurance system? In: Institute for Law and Finance series, pp. 7 - 19 (Eds. Dombret, A.; Kenadjian, P. S.). De Gruyter, Berlin (2020)
Book Chapter
How important is a european deposit insurance scheme. In: EDIS, NPLs, Sovereign Debt and Safe Assets, Institute for Law and Finance Series, 23, pp. 7 - 19 (Eds. Dombret, A.; Kenadjian, P.). De Gruyter (2020)
2018
Book Chapter
Bargeld, Giralgeld, Vollgeld: zur Diskussion um das Geldwesen nach der Finanzkrise. In: 4. Bargeldsymposium der Deutschen Bundesbank, pp. 94 - 147 (Ed. Deutsche Bundesbank). Frankfurt am Main (2018)
2016
Book Chapter
Neoliberale Sekte oder Wissenschaft? Zum Verhältnis von Grundlagenforschung und Politikanwendung in der Ökonomie. In: Den Diebstahl des Wohlstands verhindern, pp. 118 - 121 (Eds. Schneider, K.; Weimann, J.). Springer, Berlin (2016)
2014
Book Chapter
Fallacies and Irrelevant Facts in the Discussion of Capital Regulation. In: Central Banking at a Crossroads – Europe and Beyond, 2013/23 Ed., pp. 33 - 51 (Eds. Goodhard, C.; Gabor, D.; Vestergaard, J.; Ertürk, I.). Anthem Press (2014)
Book Chapter
Systemic Risks and Macro-prudential Policy. In: Putting Macroprudential Policy to Work, pp. 42 - 77 (Eds. Houben, A.; Nijskens, R.; Teunissen, M.) (2014)
2012
Book Chapter
The Problem of Bank Resolution Remains Unsolved: A Critique of the German Bank Restructuring Law. In: Too Big To Fail – Brauchen wir ein Sonderinsolvenzrecht für Banken?, pp. 35 - 63 (Ed. Kenadjian, P. S.). De Gruyter Verlag, Berlin/Boston (2012)
2011
Book Chapter
Quo vadis, Euroland? European Monetary Union Between Crisis and Reform. In: Life in the Eurozone with or without sovereign default?, pp. 59 - 76 (Eds. Allen, F.; Carletti, E.; Corsetti, G.). FIC Press Wharton Financial Institutions Center, Philadelphia (2011)
2010
Book Chapter
Finanzmarktregulierung – Welche Regelungen empfehlen sich für den deutschen und europäischen Finanzsektor? Gutachten zum 68. Deutschen Juristentag. In: Verhandlungen des 68. Deutschen Juristentags, Vol. 1, pp. E5 - E57 (Eds. Hellwig, M.; Höfling; Zimmer). C. H. Beck, München (2010)
2009
Book Chapter
Kenneth Joseph Arrow. In: Klassiker des ökonomischen Denkens, Vol. 2, pp. 320 - 353 (Ed. Kurz, H. D.). C. H. Beck, München (2009)
Book Chapter
Private Interessen, öffentliche Interessen und die Rolle der staatlichen Regulierung. In: Wirtschaftliche Macht – politische Ohnmacht? Zur Liberalisierung und Re-Regulierung von Netzindustrien, pp. 23 - 29 (Eds. Jens, U.; Romahn, H.). Metropolis-Verlag, Marburg (2009)
Book Chapter
Competition Policy and Sector-Specific Regulation for Network Industries. In: EU Competition Policy Fifty Years Onward After the Treaty, pp. 203 - 235 (Ed. Oxford University) (2009)
2008
Book Chapter
Private Purposes, Public Purposes, and the Role of Regulation. In: Les nouvelles frontiers de l’Entreprise/Firms: the New Frontiers, pp. 397 - 401 (Ed. Le Cercle des Économistes). The New Frontiers, Paris (2008)
2007
Book Chapter
Zur Privatisierung staatlicher Tätigkeiten. In: MPG Jahresbericht, pp. 33 - 42. Max-Planck-Gesellschaft, München (2007)
Book Chapter
Wirtschaftspolitik als Rechtsanwendung: Zum Verhältnis von Jurisprudenz und Ökonomie in der Wettbewerbspolitik. In: Walter-Adolf-Jöhr-Vorlesung 2007 (Ed. University of St. Gallen, Forschungsgemeinschaft für Nationalökonomie) (2007)
Book Chapter
Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability. In: The Swiss National Bank 1907-2007, pp. 741 - 780 (Ed. Swiss National Bank). Neue Zürcher Zeitung, Zürich (2007)
2006
Book Chapter
An Economic Approach to Article 82 (Translation to Spanish). In: El Abuso dela Posici, pp. 99 - 154 (Eds. Martínez, L. S.; Petitbo, J. A.). Fundación Rafael del Pino, Madrid (2006)
2004
Book Chapter
Netzwettbewerb durch Regulierung. In: Strommarktliberalisierung durch Netzregulierung. Energierecht und Energiewirtschaft, Vol. 4, pp. 29 - 43 (Eds. Leprich, U.; Georgie, H.; Evers, E.). Berliner Wissenschaftsverlag, Berlin (2004)
2003
Book Chapter
Discussion of 'Banks and Markets: The Changing Character of European Finance' by R. Rajan and L. Zingales. In: Second ECB Central Banking Conference: The Transformation of the European Financial System, pp. 173 - 180 (Eds. Gaspar, V.; Hartmann, P.; Sleijpen, O.). European Central Bank, Frankfurt (2003)
Book Chapter
Incentive-Compatible Debt Contracts: The One-Period Problem. In: The principal agent mode. The eonomic theory of incentives, pp. 433 - 449 (Ed. Laffont, J. J.). Elgar, Cheltenham (2003)
2002
Book Chapter
Discussion of 'Ageing and Financial Stability' by E. P. Davis. In: Ageing, Financial Markets, and Monetary Policy, pp. 235 - 242 (Eds. Auerbach, A.; Herrmann, H.). Springer-Verlag, Berlin, Heidelberg, New York (2002)
Book Chapter
Das Telekommunikationsgesetz auf dem Prüfstand: Die Sicht der Wettbewerbspolitik. In: Das Telekommunikationsgesetz auf dem Prüfstand, pp. 19 - 32 (Ed. Picot, A.). Springer-Verlag, Berlin (2002)
Book Chapter
Wettbewerbsentwicklung im Telekommunikationssektor 2001: Die zweite Stellungnahme der Monopolkommission nach § 81 Abs. 3 TKG. In: Wettbewerb in der Telekommunikation: Wie geht es weiter?, Vol. 9, pp. 171 - 188 (Eds. Neumann, K. H.; Stamm, P.). Wissenschaftliches Institut für Kommunikationsdienste, Bad-Honnef (2002)
Book Chapter
Messung der Konzentration nach Unternehmensgruppen. In: Unternehmen in der Statistik, pp. 132 - 148. Metzler Poeschel, Stuttgart (2002)
Book Chapter
Liberalization in German Postal Markets? In: Liberalization of Postal Markets, Vol. 7, pp. 193 - 207 (Eds. Kulenkampf, G.; Smit, H.). Wissenschaftliches Institut für Kommunikationsdienste, Bad-Honnef (2002)
2001
Book Chapter
Corporate Governance and the Financing of Investment for Structural Change. In: Investing Today for the World of Tomorrow - Studies on the Investment Process in Europe, pp. 201 - 224 (Ed. Deutsche Bundesbank). Springer-Verlag, Berlin, Heidelberg, New York (2001)
2000
Book Chapter
On the Economics and Politics of Corporate Finance and Corporate Control. In: Corporate Governance, pp. 95 - 134 (Ed. Vives, X.). Cambridge University Press, Cambridge (2000)
Book Chapter
Die volkswirtschaftliche Bedeutung des Finanzsystems. In: Geld-, Bank- und Börsenwesen - Handbuch des Finanzsystems, pp. 1 - 35 (Eds. Hagen, J. v.; Stein, J. H. v.). Schäffer-Poeschel-Verlag, Stuttgart (2000)
1999
Book Chapter
Zur „Volkswirtschaftlichen Verantwortung“ der Banken. In: Die volkswirtschaftliche Verantwortung der Banken, pp. 9 - 57 (Eds. Jaeger, F.; Stier, W.). Verlag Rüegger, Chur, Zürich (1999)
1997
Book Chapter
Kritik an der Kritik der Publikumsaktiengesellschaft. Korreferat zum Referat Günter Franke. In: Finanzmärkte, pp. 83 - 88 (Eds. Gahlen, B.; Hesse, H.; Ramser, H. J.). Mohr-Siebeck, Tübingen (1997)
Book Chapter
Unternehmensfinanzierung, Unternehmenskontrolle und Ressourcenallokation: Was leistet das Finanzsystem? In: Finanzmärkte, pp. 211 - 243 (Eds. Gahlen, B.; Hesse, H.; Ramser, H. J.). Mohr-Siebeck, Tübingen (1997)
1996
Book Chapter
Die makroökonomischen Wirkungen von Eigenkapitalanforderungen für Banken. In: Finanzmärkte, Finanzinnovationen und Geldpolitik, Vol. NF 242, pp. 41 - 71 (1996)
1995
Book Chapter
Comment on 'Ownership and Control' by J. Franks and C. Mayer. In: Trends in Business Organization: Do Participation and Cooperation Increase Competitiveness?, pp. 196 - 200 (Ed. Siebert, H.). Mohr-Siebeck, Tübingen (1995)
1994
Book Chapter
Grundprobleme der Börsengesetzgebung aus ökonomischer Sicht. In: Ein schweizerisches Börsengesetz im europäischen Kontext. Europainstitut Basel (1994)
Book Chapter
Spanish Translation of: Comment on 'Bank Loan Maturity and Priority when Borrowers Can Refinance' by D. Diamond. In: La Intermediacion en la Construccion de Europa, pp. 83 - 93 (Eds. Mayer, C.; Vives, X.). Fundacion BBV, Bilbao (1994)
1993
Book Chapter
Comment on 'Bank Loan Maturity and Priority when Borrowers Can Refinance' by D. Diamond. In: Capital Markets and Financial Intermediation, pp. 70 - 80 (Eds. Mayer, C.; Vives, X.). Cambridge University Press, Cambridge (1993)
Book Chapter
Italian translation of "Banking, Financial Intermediation, and Corporate Finance". In: Studi e Informazioni, Quaderni, Vol. 41, pp. 287 - 311 (Eds. Coppola, G.; Corsini, D.). Banca Toscana, Firenze (1993)
Book Chapter
What do we know about Currency Competition? In: Modern theory and policy, Elgar reference collection. International Library of Macroeconomic and Financial History, no. 11., Vol. 3, pp. 324 - 347 (Ed. White, L. H.). Elgar, Aldershot (1993)
1992
Book Chapter
Competitiveness in Banking: A Note on the Semantics of 'Competitiveness'. In: Competitiveness in Banking, pp. 41 - 50 (Eds. Blattner, N.; Genberg, H.; Swoboda, A.). Physica-Verlag, Würzburg (1992)
1991
Book Chapter
Banking, Financial Intermediation, and Corporate Finance. In: European Financial Integration, pp. 35 - 63 (Eds. Giovannini, A.; Mayer, C.). Cambridge University Press, Cambridge (1991)
Book Chapter
Comment on 'The Pure Theory of Country Risk' by Jonathan Eaton, Mark Gersovitz, and Joseph E. Stiglitz. In: International volatility and economic growth: The first ten years of the International Seminar on Macroeconomics, pp. 429 - 435 (Eds. de Menil, G.; Gordon, R. J.) (1991)
1989
Book Chapter
Keine Alternative zum Schuldenerlass? (Koreferat zum Referat Nunnenkamp). In: Die nationale und internationale Schuldenproblematik, Vol. 18, pp. 193 - 202 (Eds. Bombach, G.; Gahlen, B.; Ott, A. E.). Mohr Siebeck, Tübingen (1989)
1988
Book Chapter
Comment on 'Time Consistency and Trigger Mechanisms in Open-Economy Monetary Policy Games' by M. Canzoneri and D. Henderson. In: International Finance and Trade in a Polycentric World, pp. 360 - 368 (Ed. Borner, S.). MacMillan (1988)
Book Chapter
Kreditrationierung und Kreditsicherheiten bei asymmetrischer Information: Der Fall des Monopolmarktes. In: Bankpolitik, finanzielle Unternehmensführung und die Theorie der Finanzmärkte, pp. 135 - 162 (Eds. Rudolph, B.; Wilhelm, J.). Duncker & Humblot, Berlin (1988)
Book Chapter
Versicherungsmarkt: Theorie. A: Versicherungsmärkte bei vollständiger Information. In: Handwörterbuch der Versicherung, pp. 1055 - 1064 (Eds. Farny, D.; Helten, E.; Koch, P.; Schmidt, R.). Verlag Versicherungswirtschaft (1988)
Book Chapter
Versicherungsmärkte bei unvollständiger Information. In: Handwörterbuch der Versicherung, pp. 1065 - 1076 (Eds. Farny, D.; Helten, E.; Koch, P.; Schmidt, R.). Verlag Versicherungswirtschaft (1988)
1987
Book Chapter
Moral Hazard and Equilibrium Credit Rationing: An Overview of the Issues. In: Agency Theory, Information and Incentives, pp. 135 - 166 (Eds. Bamberg, G.; Spremann, K.). Springer, Heidelberg (1987)
Book Chapter
Competition versus Monopoly in the Supply of Public Goods. In: Efficiency, Institutions and Economic Policy, pp. 183 - 217 (Eds. Pethig, R.; Schlieper, U.). Springer, Heidelberg (1987)
Proceedings (1)
1996
Proceedings
Financial Innovations and the Incidence of Risks in the Financial System. Colloquium of the Société Universitaire Européenne en Recherches Financières in 1995: Risk Management in Volatile Financial Markets, 1996. Kluwer (1996), 25-39 pp.
Conference Paper (6)
2019
Conference Paper
Bank Leverage, Welfare, and Regulation. In: Systemic Risk in the Financial Sector – Ten Years after the Great Crash, Centre for International Governance Innovation, pp. 2017 - 233 (Eds. Arner, D.; Avgouleas, E.; Busch, D.; Schwartz, S. L.). Centre for International Governance Innovation, Waterloo, ON, Canada (2019)
Conference Paper
Banks, Politics and European Monetary Union. In: ECB Forum on Central Banking 2019: 20 years of European Economic and Monetary Union, Conference Proceedings, pp. 250 - 261 (Ed. European Central Bank). (2019)
2018
Conference Paper
Bargeld, Giralgeld, Vollgeld: Zur Diskussion um das Geldwesen nach der Finanzkrise. In: 4. Bargeldsymposium der Deutschan Bundesbank, pp. 95 - 141 (Ed. Deutsche Bundesbank). (2018)
2016
Conference Paper
Neoliberales Sektierertum oder Wissenschaft? Zum Verhältnis von Grundlagenforschung und Politikanwendung in der Ökonomie. In: Den Diebstahl des Wohlstands verhindern, Ökonomische Politikberatung in Deutschland – ein Portrait, pp. 195 - 205 (Eds. Schneider, K.; Weimann, J.). (2016)
2014
Conference Paper
Yes Virginia, There is a European Banking Union! But It May Not Make Your Wishes Come True. In: Towards a European Banking Union: Taking Stock, 42nd Economics Conference: ÖNB, pp. 156 - 181. (2014)
Conference Paper
Financial Stability, Monetary Policy, Banking Supervision, and Central Banking. In: Monetary Policy in a Changing Landscape: Conference Proceedings of the First ECB Forum on Central Banking, Bonn, pp. 21 - 54 (Ed. European Central Bank). (2014)
Working Paper (68)
2024
Working Paper
Dynamic efficiency and inefficiency in a class of overlapping-generations economies with multiple assets. (2024)
Working Paper
National central banks and the governance of the European system of central banks. (2024)
2023
Working Paper
The economics of Hilbert's hotel: An expository note. (2023)
Working Paper
Overlapping-generations economies under uncertainty: Dynamic inefficiency/efficiency with multiple assets and no labour. (2023)
2021
Working Paper
Public-good provision with macro uncertainty about preferences: Efficiency, budget balance, and robustness. (2021)
Working Paper
Social choice in large populations with single-peaked preferences. (2021)
Working Paper
„Capitalism: What has gone wrong?“ Who went wrong? Capitalism? The market economy? Governments? “Neoliberal” economics? (2021)
Working Paper
Safe assets, risky assets, and dynamic inefficiency in overlapping-generations economies. (2021)
2020
Working Paper
Twelve years after the financial crisis: Too-big-to-fail is still with us. Comments on the financial stability board’s consultation report ‘evaluation of the effects of too-big-to-fail reforms’. (2020)
Working Paper
Incomplete-information games in large populations with anonymity. (2020)
Working Paper
Property taxes and dynamic inefficiency: A correction of a “correction”. (2020)
Working Paper
Dynamic inefficiency and fiscal interventions in an economy with land and transaction costs. (2020)
2019
Working Paper
Incomplete-Information Games in Large Populations with Anonymity. (2019)
Working Paper
Banks, Politics and European Monetary Union. (2019)
Working Paper
Target-Falle oder Empörungsfalle? Zur deutschen Diskussion über die Europäische Währungsunion. (2019), 65 pp.
2018
Working Paper
Bank Leverage, Welfare, and Regulation. (2018)
Working Paper
Valuation reports in the context of banking resolution: What are the challenges? (2018)
Working Paper
Competition Policy and Sector-Specific Regulation in the Financial Sector. (2018)
Working Paper
Bargeld, Giralgeld, Vollgeld: Zur Diskussion um das Geldwesen nach der Finanzkrise. (2018)
2017
Working Paper
The Generic Possibility of Full Surplus Extraction in Models with Large Type Spaces. (2017)
Working Paper
Carving out legacy assets: a successful tool for bank restructuring? (2017)
Working Paper
Probability measures on product spaces with uniform metrics. (2017)