Hellwig
Martin F. Hellwig
German economist of banking, financial stability, and capital regulation
Official Source Note
The Max Planck Institute lists Hellwig as Director emeritus and describes his research in information, incentives, equilibrium, financial markets and institutions, macroeconomics, and monetary theory.
Hellwig is included because his work explains how securitization, maturity transformation, leverage, accounting rules, and inadequate bank equity can interact to create systemic risk that firm-by-firm supervision does not contain.
Relevance to the Archive
Hellwig makes financial-system architecture, leverage, maturity transformation, and capital regulation central to legal analysis of prudential supervision and crisis prevention.
Representative Contributions
- Liquidity Provision, Banking, and the Allocation of Interest Rate Risk (1994)
- Systemic Risk in the Financial Sector (2009)
- The Bankers' New Clothes (with Anat Admati, 2013)
Works Included Here
2009
Advanced
Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
Martin F. Hellwig
De Economist
2010
Advanced
2013
Advanced
The Bankers' New Clothes: What's Wrong with Banking and What to Do about It
Anat Admati and Martin Hellwig
Princeton University Press