Gunther Schnabl

Gunther Schnabl

Gunther Schnabl is a professor of international economics and economic policy in the department of economics at Leipzig University, Germany.

Articles by Gunther Schnabl

Bitcoin Isn’t Any More Dangerous than the Euro

Major representatives of the European Central Bank—including ECB president Christine Lagarde—continue to warn against bitcoin. In a recent article, addressed to the inflation-adverse German audience, the ECB representative Klaus Masuch together with the former ECB chief economist Otmar Issing has stressed five risks of bitcoin: a lack of intrinsic value, risks to financial market stability, the use in financing organized crime, high energy consumption, and the danger that taxpayers are held liable for financial risks.

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Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions

People's Bank of China Balance Sheet

Christine Lagarde, the new president of the European Central Bank (ECB), has added a new green dimension to monetary policymaking. The charming Frenchwoman signaled that the ECB could buy green bonds, possibly as part of the reanimated bond purchase program (a form of QE). This could reduce the financing costs of green investment projects.

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