Publications

51 publications found, searching for 'Jörg Bibow '

• Working Paper No. 1091
  September 04, 2025

  Banking on Payments?

  Jörg Bibow
  Abstract

  For the past hundred years or more, payments have been primarily associated with banking, and banking as we know it today—being the result of many centuries of evolution—features a bundling…more

  Download Working Paper No. 1091 PDF (511.96 KB)
• Working Paper No. 1038
  January 29, 2024

  Economic Possibilities for Our Grandchildren—90 Years Later

  Jörg Bibow
  Abstract

  This paper revisits Keynes’s (1930) essay titled “The economic possibilities for our grandchildren.” We discuss the three broader trends identified by Keynes that he expected would come to characterize the…more

  Download Working Paper No. 1038 PDF (515.60 KB)
• Working Paper No. 974
  October 05, 2020

  The General Theory as “Depression Economics”?

  Jörg Bibow
  Abstract

  This paper revisits Keynes’s writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus on financial instability. The analysis reveals Keynes’s astute concerns about the…more

  Download Working Paper No. 974 PDF (433.07 KB)
• Working Paper No. 935
  August 22, 2019

  Evolving International Monetary and Financial Architecture and the Development Challenge

  Jörg Bibow
  Abstract

  This paper investigates the peculiar macroeconomic policy challenges faced by emerging economies in today’s monetary (non)order and globalized finance. It reviews the evolution of the international monetary and financial architecture…more

  Download Working Paper No. 935 PDF (207.28 KB)
• Working Paper No. 916
  October 02, 2018

  Unconventional Monetary Policies and Central Bank Profits

  Jörg Bibow
  Abstract

  This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008–9, focusing on a select…more

  Download Working Paper No. 916 PDF (2.15 MB)
• Working Paper No. 911
  August 24, 2018

  Twenty Years of the German Euro Are More than Enough

  Jörg Bibow
  Abstract

  This paper reviews the performance of the euro area since the euro’s launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime….more

  Download Working Paper No. 911 PDF (349.86 KB)
• Working Paper No. 886
  March 03, 2017

  How Germany’s Anti-Keynesianism Has Brought Europe to Its Knees

  Jörg Bibow
  Abstract

  This paper investigates the (lack of any lasting) impact of John Maynard Keynes’s General Theory on economic policymaking in Germany. The analysis highlights the interplay between economic history and the…more

  Download Working Paper No. 886 PDF (431.31 KB)
• Working Paper No. 868
  June 06, 2016

  From Antigrowth Bias to Quantitative Easing

  Jörg Bibow
  Abstract

  This paper investigates the European Central Bank’s (ECB) monetary policies. It identifies an antigrowth bias in the bank’s monetary policy approach: the ECB is quick to hike, but slow to…more

  Download Working Paper No. 868 PDF (622.39 KB)
• Working Paper No. 845
  September 30, 2015

  The Euro’s Savior?

  Jörg Bibow
  Abstract

  This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB’s scope for…more

  Download Working Paper No. 845 PDF (2.33 MB)
• Working Paper No. 842
  July 24, 2015

  Making the Euro Viable

  Jörg Bibow
  Abstract

  The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime’s essential flaw and ultimate source of vulnerability is the decoupling of central bank…more

  Download Working Paper No. 842 PDF (417.90 KB)
• Public Policy Brief No. 135
  August 12, 2014

  The Euro Treasury Plan

  Jörg Bibow
  Abstract

  Contrary to German chancellor Angela Merkel’s recent claim, the euro crisis is not nearly over but remains unresolved, leaving the eurozone extraordinarily vulnerable to renewed stresses. In fact, as the…more

  Download Public Policy Brief No. 135, 2014 PDF (203.54 KB)
• Public Policy Brief No. 135
  August 12, 2014

  Το σχέδιο για ένα ευρω-υπουργείο Οικονομικών

  Jörg Bibow
  Abstract

  Σε αντίθεση με τoν πρόσφατο ισχυρισμό της γερμανίδας καγκελαρίου Άνγκελα Μέρκελ, η ευρω-κρίση δεν έχει σχεδόν τελειώσει, αλλά παραμένει άλυτη, αφήνοντας την ευρωζώνη εξαιρετικά ευάλωτη σε ανανεωμένες πιέσεις. Στην πραγματικότητα,…more

  Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 135 PDF (522.71 KB)
• Working Paper No. 780
  November 21, 2013

  Lost at Sea

  Jörg Bibow
  Abstract

  The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is inherently flawed, and recent reforms have failed to turn this dysfunctional…more

  Download Working Paper No. 780 PDF (783.16 KB)
• Working Paper No. 767
  June 21, 2013

  Germany and the Euroland Crisis

  Jörg Bibow
  Abstract

  This paper investigates Germany’s vulnerability to the ongoing Euroland crisis. In 2010–11, Germany experienced a strong rebound from the global financial crisis of 2008–09. The Euroland crisis then meant record…more

  Download Working Paper No. 767 PDF (2.92 MB)
• Working Paper No. 767
  June 21, 2013

  Η Γερμανία και η κρίση στην ευρωζώνη

  Jörg Bibow
  Abstract

  Η εργασία αυτή διερευνά την ευπάθεια της Γερμανίας στη συνεχιζόμενη κρίση της ευρωζώνης. Την περίοδο 2010–11, η Γερμανία ανέκαμψε από την παγκόσμια οικονομική κρίση του 2008-09. Η κρίση της ευρωζώνης…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 767 PDF (4.03 MB)
• Working Paper No. 762
  April 12, 2013

  On the Franco-German Euro Contradiction and Ultimate Euro Battleground

  Jörg Bibow
  Abstract

  Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe’s common currency, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well…more

  Download Working Paper No. 762 PDF (577.11 KB)
• Working Paper No. 762
  April 12, 2013

  Μια ανάλυση για την γαλλογερμανική αντίφαση γύρω από το ευρώ και την τελική μάχη στην ευρωζώνη

  Jörg Bibow
  Abstract

  Υπογραμμίζοντας τις αντικρουόμενες ελπίδες και προσδοκίες μεταξύ Γαλλίας και Γερμανίας για το ευρωπαϊκό κοινό νόμισμα, το κείμενο αναλύει τον τρόπο με τον οποίον συνέβαλε αυτή η κατάσταση στη συνεχιζόμενη ευρωκρίση…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 762 PDF (967.17 KB)
• Working Paper No. 738
  November 28, 2012

  At the Crossroads: The Euro and Its Central Bank Guardian (and Savior?)

  Jörg Bibow
  Abstract

  Research Associate Jörg Bibow investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe’s Economic and Monetary Union (EMU), focusing on the German intellectual and historical…more

  Download Working Paper No. 738 PDF (487.74 KB)
• Working Paper No. 738
  November 28, 2012

  Το ευρώ και η Ευρωπαϊκή Κεντρική Τράπεζα: στο σταυροδρόμι

  Jörg Bibow
  Abstract

  Ο Jörg Bibow, ερευνητής στο Ινστιτούτου Οικονομικών Levy, διερευνά το ρόλο της Ευρωπαϊκής Κεντρικής Τράπεζας (ΕΚΤ) στη λειτουργία (ή μάλλον στη δυσλειτουργία) της Οικονομικής και Νομισματικής Ένωσης (ΟΝΕ) στην Ευρώπη,…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 738 PDF (625.50 KB)
• Working Paper No. 721
  May 11, 2012

  The Euro Debt Crisis and Germany’s Euro Trilemma

  Jörg Bibow
  Abstract

  This paper investigates the causes behind the euro debt crisis, particularly Germany’s role in it. It is argued that the crisis is not primarily a “sovereign debt crisis” but rather…more

  Download Working Paper No. 721 PDF (2.09 MB)
• Working Paper No. 721
  May 11, 2012

  Η κρίση ευρω-χρέους και το ευρωτρίλλημα της Γερμανίας

  Jörg Bibow
  Abstract

  Η εργασία εξετάζει τα αίτια της κρίσης χρέους στην ευρωζώνη, κυρίως τη συμβολή της Γερμανίας σε αυτή. Η εργασία προβάλλει το επιχείρημα ότι η κρίση δεν είναι πρωτίστως «κρίση δημοσίου…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 721 PDF (3.33 MB)
• Working Paper No. 683
  September 07, 2011

  Permanent and Selective Capital Account Management Regimes as an Alternative to Self-Insurance Strategies in Emerging-market Economies

  Jörg Bibow
  Abstract

  Currency market intervention–cum–reserve accumulation has emerged as the favored “self-insurance” strategy in recipient countries of excessive private capital inflows. This paper argues that capital account management represents a less costly…more

  Download Working Paper No. 683 PDF (9.19 MB)
• Working Paper No. 660
  March 21, 2011

  Financial Markets

  Jörg Bibow
  Abstract

  This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes’s path-breaking insights into the role of liquidity and finance in “monetary production…more

  Download Working Paper No. 660 PDF (149.00 KB)
• Working Paper No. 625
  October 10, 2010

  A Post Keynesian Perspective on the Rise of Central Bank Independence

  Jörg Bibow
  Abstract

  This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late…more

  Download Working Paper No. 625 PDF (305.40 KB)