Jan Pieter Krahnen

Jan Pieter Krahnen is the Scientific Director of the Leibniz Institute for Financial Research SAFE, and a Professor of Finance at Goethe University’s House of Finance. His current research focuses on the design of regulation and supervisory institutions for banks and capital markets. Ongoing work covers impact assessment of regulatory interventions, the role of market discipline in banking and market integrity in capital markets, moral hazard in credit securitization, green finance, and the role of public backstop schemes. His publications appeared, among others, in the Review of Economic Studies, Journal of Financial Intermediation, Journal of Financial Stability, and Experimental Economics. Jan Krahnen is a CEPR research fellow, and was President of the European Finance Association in 2011. Krahnen has been involved in policy advisory work relating to financial market regulation, as a member of the High Level Expert Group on Structural Reforms of the EU Banking Sector (“Liikanen Commission”) in 2012, and as a member of the Issing-Commission, advising the German government on the G-20 meetings from 2008-2012. He was also a member of the Group of Economic Advisors (GEA) at the European Securities and Markets Agency (ESMA), Paris, and currently serves as a member of the Academic Advisory Board of Germany’s Federal Ministry of Finance.

Wirecard Scandal: When All Lines of Defense Against Corporate Fraud Fail

Scandals such as Wirecard can destroy investor trust in capital markets working fairly and with integrity. A new policy brief commissioned by...

Latest news

President-Elect Joe Biden and the Real Lessons of DuPont

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

The Useful Distraction of Section 230

How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.

Institution Man: How Corporations Came to Dominate the US Economy

In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...

Kicking Around Section 230: Don’t Confuse Politics and Policymaking

Congressional hearings may make for good TV and viral social media posts, but reforming Section 230 would be more difficult than it...

Big Tech Platforms and Schumpeter’s Creative Destruction

Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and...