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)
Università degli Studi di Napoli Federico II

Richard Portes (Vice-Chair)
London Business School

Javier Suárez (Vice-Chair)
Centro de Estudios Monetarios y Financieros (CEMFI)

Elena Carletti
Università Bocconi

Prasanna Gai
University of Auckland

Alberto Giovannini
Chairman MTS and EuroMTS

Daniel Gros
Centre for European Policy Studies

Malcolm Kemp

Ross Levine
University Of California at Berkeley

José-Luis Peydró
Universitat Pompeu Fabra

Isabel Schnabel
Johannes Gutenberg-Universität Mainz

Dirk Schoenmaker
Erasmus Universiteit Rotterdam

David Thesmar
École des Hautes Études Commerciales (HEC)

Ernst-Ludwig von Thadden
Universität Mannheim

Josef Zechner
Wirtschaftsuniversität Wien

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