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Advisory Scientific Committee

ESRB Advisory Scientific Committee

The Advisory Scientific Committee (ASC) conducts research to inform macroprudential decisions by the General Board. It consists of 15 experts representing a wide range of skills, experience and expertise.

The ASC contributes to the public debate on macroprudential policy by publishing reports. Past contributions include calls for: credible bank resolution; a European capital markets union; and enhanced disclosure of carbon-intensive assets.

The ASC is responsible for the ESRB Working Paper Series. It also awards the annual Ieke van den Burg Research Prize for young economists.

The ASC meets in Frankfurt at least quarterly. Its members contribute to a range of ESRB policy and research work, including the joint ASC-ATC groups on shadow banking and interconnectedness.

Members of the ESRB Advisory Scientific Committee (ASC)

Marco Pagano (Chair)
University of Napoli Federico II, Naples

Richard Portes (Vice-Chair)
London Business School, London

Javier Suárez (Vice-Chair)
CEMFI, Madrid

Elena Carletti
Bocconi University, Milan

Prasanna Gai
University of Auckland

Alberto Giovannini
Chairman MTS and EuroMTS

Daniel Gros
Centre for European Policy Studies, Brussels

Malcolm Kemp
Nematrian, London

Ross Levine
University Of California at Berkeley

José-Luis Peydró
Universitat Pompeu Fabra, Barcelona

Isabel Schnabel
Johannes Gutenberg University, Mainz

Dirk Schoenmaker
Erasmus University Rotterdam

David Thesmar
HEC, Paris

Ernst-Ludwig von Thadden
University of Mannheim, Mannheim

Josef Zechner
Vienna University of Economics and Business, Vienna

Andreas Ittner
Oesterreichische Nationalbank, Vienna in representation of the Advisory Technical Committee