Dr. Steffen Murau| steffenmurau.com

Essay on democratizing the Eurozone architecture wins prize of Hertie Foundation

24 Nov 2020 | LSE Blog ‘EUROPP: European Politics and Policy’ publishes a co-authored piece by Andrei Guter-Sandu and Steffen Murau that has previously won a prize in the Hertie Foundation’s essay competition on capitalism and democracy.
The Eurozone’s system of governance is often accused of lacking democratic legitimacy. Andrei Guter-Sandu and Steffen Murau write on the role of ‘off-balance-sheet fiscal agencies’, such as the European Investment Bank, European Stability Mechanism and Single Resolution Fund. They argue that the use of these institutions and mechanisms effectively constitutes a ‘fiscal ecosystem by stealth’ and that if this system were to be put under the control of the European Parliament, it could offer a channel for enhancing legitimacy. Read more…

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Macro Musings Podcast on the Eurozone, International Monetary Architecture, and the Future of the Dollar Zone

19 Jun 2021 | David Beckworth, host of the Macro Musings a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future, interviews Steffen Murau. In this episode, […]

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Online Discussion with Robert McCauley on the Special Drawing Rights System and Its Ability to Ease Financial Strains in the Global South

13 Feb 2022 | At the second Money View Symposium, Steffen Murau gives a preview on a new INET Working Paper that analyzes the IMF’s SDR system as a web of interlocking balance sheets and […]

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New publication on shadow money theory

28 May 2020 | The Private Debt Project, a Philadelphia-based online journal, has published a piece that analyses and systematizes different current shadow money theories. In their co-authored piece, Steffen Murau and Tobias Pforr argue […]

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