Diemo DietrichHalle Institute phone: +49(0) 3 45-7
75 37 72 |
Martin-Luther-University
Halle-Wittenberg
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| Fields of Interest | Curriculum Vitae | Research | Teaching | Presentations| Grants and Awards | Miscellaneous | Favorite Quotes |
| Educational Background: | June 2004 - May 2008 | Venia
Legendi in Economics (Habilitation), MLU Halle-Wittenberg |
| March 1997 - December 2001 | Doctorate in Economics (Dr. rer. pol.), U Leipzig |
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| October 1991 - January 1997 | Studies in Economics, Law and Business Administration at EMAU Greifswald, U Osnabrück, and CAU Kiel University degree in Economics (Diplom-Volkswirt), CAU Kiel Thesis: New Classical Macroeconomics and the effects of supply and demand shocks |
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| Current Appointments: | since June 2008 | Head of Research Group Financial Markets and Real Economic Activities, Halle Institute for Economic Research |
| since May 2008 | Adjunct Professor (Privatdozent), MLU Halle-Wittenberg, School of Economics and Business (since 2008) | |
| Past Appointments: | Summer 2009 | Temporary Full Professor (W3-Vertretungsprofessur), Chair of Macroeconomics, esp. Monetary Economics, U Erfurt |
| 2006 - 2007 | Senior Economist, Halle Institute for Economic Research | |
| 2005 - 2008 | Lecturer (Lehrbeauftragter), MLU Halle-Wittenberg, School of Economics and Business | |
| 2002 - 2005 | Economist, Halle Institute for Economic Research | |
| 1997 - 2002 | Teaching and Research Assistant, Department of Economics and Management, U Leipzig | |
| Research Visits: | November 2008 | Visiting Researcher, Deutsche Bundesbank Research Centre |
| July 2006 | Visiting Researcher, Deutsche Bundesbank Research Centre | |
| October - December 2004 | Visiting Scholar, Department of Economics at the University of Illinois Urbana-Champaign | |
| Economic Forecasting Activities: | since May 2005 | Research Group Eastern Germany, Halle Institute for Economic Research (annually) |
| since April 2004 | Joint Forecast of
the Leading Economic Research Institutes in Germany (semi-annually) Responsibility: Money, Credit and Banking |
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| since August 2003 | Research Group Business
Cycles , Halle Institute for Economic Research (quarterly) Responsibility: Money, Credit and Banking |
International banking and liquidity allocation: Cross-border financial services versus multinational banking, in: Journal of Financial Services Research 2010, Vol. 37(1), pp. 45-69 (with Uwe Vollmer, University of Leipzig).
Corporate governance in the multinational enterprise: A financial contracting perspective, in: International Business Review, forthcoming (with Bjoern Jindra, University of Sussex).
Bank regulation and supervision in bank-dominated financial systems: A comparison between Japan and Germany, in: European Journal of Law and Economics 2009, Vol. 27(2), pp. 177-209 (with Ralf Bebenroth, Kobe University, and Uwe Vollmer, University of Leipzig).
Asset tangibility and capital allocation, in: Journal of Corporate Finance 2007, Vol. 13 (5), pp. 995-1007.
Why do banks hold capital in excess of regulatory requirements? A functional approach, in: DBW - Die Betriebswirtschaft 2007, Vol. 67 (2), pp. 153-166 (with Uwe Vollmer, University of Leipzig).
Financing FDI into developing economies and the international transmission of business cycle fluctuations, in: Swiss Journal of Economics and Statistics/Schweizerische Zeitschrift für Volkswirtschaft und Statistik 2004, Vol. 140 (4), pp. 449-481.
Monetary policy shocks and heterogeneous finance decisions: A model of hidden effort choice and financial intermediation, in: German Economic Review 2003, Vol. 4 (3), pp. 365-388.
Bank lending, bank capital regulation and efficiency of corporate investment (with Achim Hauck, Heinrich Heine University Duesseldorf, submitted).
Behold the `Behemoth´. The privatization of Japan Post Bank (with Uwe Vollmer, University of Leipzig, and Ralf Bebenroth, Kobe University, submitted).
Banking crisis resolution: Assessing alternative schemes in a simple banking model (with Achim Hauck, Heinrich Heine University Duesseldorf, in progress).
Stability implications of multinational banks (with Falko Fecht, Deutsche Bundesbank, in progress).
Empirische Makroökonomik für Deutschland: Analysen, Prognosen, Politikberatung (engl.: Empirical Macroeconomics for Germany: Analysing, Forecasting, Counseling Economic Policy), edited joint with Ulrich Blum and Axel Lindner (Halle Institute for Economic Research), Baden-Baden 2009.
Geldpolitische Strategien im Umbruch (engl.: Monetary policy strategies on the move), in: A. F. Michler, H. J. Thieme (eds.), Systeme monetärer Steuerung, Stuttgart 2007, pp. 167-193 (with Albrecht F. Michler, Heinrich Heine University Duesseldorf).
Finanzverträge und Finanzintermediation (engl.: Financial contracts and financial intermediation), Wiesbaden, 2005 (with Uwe Vollmer, University of Leipzig).
Monetary policy and bank lending in Japan: An agency-based approach, in: R. H. Hasse, U. Vollmer (eds.), Incentives and Economic Behaviour, pp. 87-99, Stuttgart 2005.
Finanzintermediation im monetären Transmissionsprozeß (engl.: Financial intermediation in the transmission of monetary policy), Frankfurt a. M., 2002.
Nationale Regulierungspolitik und internationale Unternehmenszusammenschlüsse: Das Beispiel der Banken (engl.: National regulation policies and cross-border mergers: The case of banking), in: A. Schüller, H. J. Thieme (eds.), Ordnungsprobleme der Weltwirtschaft, Stuttgart, 2002, pp. 345-369.
Europäische Geld- und Währungspolitik: Akteure, Instrumente, Strategien, Ziele und Aufgaben (engl.: European Monetary Policy), in: R. H. Hasse, H. Schneider, K. Weigelt (eds.), Lexikon Soziale Marktwirtschaft. Wirtschaftspolitik von A bis Z, Stuttgart, 2002, pp. 212-218.
Der Ordnungsbezug der Informationsökonomik (Engl.: The contributions of information economics to ordo-liberalism), in: H. Leipold, I. Pies (eds.), Ordnungstheorie und Ordnungspolitik, Stuttgart, 2000, pp. 225-250 (with Uwe Vollmer, University of Leipzig).
Spannungen im Euroraum unter dem Druck der Weltfinanzkrise (engl.: Tensions in the Euro in the wake of the world financial crisis), in: Wirtschaft im Wandel TH 1/2009, pp. 34-38 (with Axel Lindner, IWH).
Die Weltfinanzkrise im Spiegel der Konjunkturprognosen des IWH (engl.: Reflections of the world financial crisis in the forecasts of the IWH), in: Wirtschaft im Wandel TH 1/2009, pp. 8-12 (with Axel Lindner, IWH).
Internationale Finanzintegration and Stabilität: Ursachen und vorläufige Lehren aus der internationalen Bankenkrise 2007/2008 (engl.: International financial integration and stability: Causes of the international banking crisis 2007/2008 and its preliminary lessons), in: Wirtschaft im Wandel 5/2008, pp. 170-176 (with Achim Hauck, Heinrich Heine University Duesseldorf)
Die Bedeutung interner Kapitalmärkte für die Organisationsform von Unternehmen (engl.: The role of internal captal markets for the organization structure of firms), in: Wirtschaftswissenschaftliches Studium WiSt, 35. Jahrgang (2006), pp. 8-13.
Wie treffen Multis Investitionsentscheidungen: Das Fallbeispiel General Motors (engl.: How do multinationals make investment decisions: The case of General Motors), in: Wirtschaft im Wandel 10/2005, pp. 314-321 (with Daniel Höwer, University of Essen).
Währungspolitische Lehren aus dem Scheitern des argentinischen Currency board (engl.: Lessons from the collapse of the Argentine currency board), in: Wirtschaft im Wandel 15/2002, pp. 463-469 (with Axel Lindner, Halle Institute for Economic Research).
Das geldpolitische Instrumentarium des Europäischen Zentralbanksystems (engl.: Monetary policy instruments of the ESCB), in: Wirtschaftswissenschaftliches Studium WiSt, 28. Jahrgang (1999), pp. 595-598 (with Uwe Vollmer, University of Leipzig).
Microeconomics of Banking, Course in Economics and in Business Administration (Diplom, Economics), U Leipzig, winter term 2002/03 (in German)
Monetary Economics, Undergraduate course (BSc Business Economics), MLU Halle-Wittenberg, summer term 2005, 2006, 2007 (in English)
Principles of Economics, Undergraduate course (BSc Business Economics), MLU Halle-Wittenberg, winter term 2006/07, 2007/08, 2008/09, 2009/10 (in English)
Principles of Monetary Economics, Undergraduate course (Vordiplom, Economics), U Leipzig, summer term 2007 (in German)
Corporate Finance, Undergraduate course (BSc Business Economics), MLU Halle-Wittenberg, summer term 2008 (in English)
Credit and the Macroeconomy, Graduate course (MSc Economics) in Economics, U Erfurt, summer term 2009 (in German)
Intermediate Macroeconomics, Undergraduate course (BA Political Economics), U Erfurt, summer term 2009 (in German)
Principles of Macroeconomics, Undergraduate course (BA Political Economics), U Erfurt, summer term 2009 (in German)
Macroeconomics, Graduate course (MA Energy Economics), U Leipzig, winter term 2010 (in German)
Academy of International Business (2008), CEPR-GIST (2009), European Economic Association (2004, 2005, 2007, 2008), European Financial Management Association (2007), German Economic Association of Business Administration (2001), Midwest Finance Association (2004), Swiss Society for Financial Market Research (2007), Swiss Society of Economics and Statistics (2005, 2006, 2007), Verein für Socialpolitik (2005, 2006, 2007, 2008), Western Economic Association International (2004, 2005).
IfW (Kiel, 2007), CAG (Sulzbach-Rosenberg, 2006), Deutsche Bundesbank (2008), UIUC (Urbana-Champaign, 2004), MLU (Halle, 2004, 2005, 2006), HHU (Duesseldorf, 2002), University of Leipzig (Leipzig, 2002), CES (Munich, 2001), WWU (Muenster, 2001), Radein (Radein, 2000, 2002, 2007).
Christian Wolff Prize of the Martin-Luther-University Halle-Wittenberg for Distinguished Post-doc Research, 2009.
Foundation Geld und Währung, Graduate School Global Financial Markets, co-initiator and founding member (joint with faculty members at the Law and Economics departments at MLU Halle and FSU Jena), 2009-2013.
Fritz Thyssen Foundation, research grant, 2004.
Foundation Geld und Währung, conference funding, 2003, 2004.
BFI Bank Prize for Distinguished Doctoral Thesis, 2002.
Hallescher Workshop "Monetary Economics", 10/11 April 2003.
2nd Workshop "Monetary and Financial Economics", 12/13 February 2004.
3rd Workshop "Monetary and Financial Economics", 31 March -1 April 2005.
4th Workshop "Monetary and Financial Economics", 29/30 June 2006.
5th Workshop "Monetary and Financial Economics", 21/22 June 2007.
6th Workshop "Monetary and Financial Economics", 3/4 July 2008.
7th Workshop "Money, Banking, and Financial Markets", 8/9 June 2009.
Articles:
5 January 2010, Financial Times Deutschland. Risiko statt Rettung (engl.: Risk instead of rescue), p. 24. (with Ulrich Blum, IWH)
3 March 2009, Financial Times Deutschland. Die EZB muss standhaft bleiben (engl.: The ECB must bear up), p. 24. (with Uwe Vollmer, U Leipzig)
17 Oct 2008, Frankfurter Allgemeine Zeitung. Standpunkt: Deutsche Banken brauchen privates Kapital (engl.: German banks in dire need of private capital), p. 12.
Reference to Research:
9 June 2009, ZEIT online. Die Seifenblasen-Bonanza (engl.: The bubble bonanza)
Interviews and Further Mentions (selection):
26 Sep 2008, ORF-Radio Ö1 Mittagsjournal. Finanzkrise: Kritik an staatlichen Rettungsplänen (engl.: Financial crisis: Criticism of Government Rescue Plans).
22 Sep 2008, Radio WDR 5 Mittagsecho. Wall Street Reloaded oder Revolution (engl.: Wall Street Reloaded or Revolution).
22 Sep 2008, Spiegel Online. Wirtschaftsexperten feiern deutsche Abfuhr an Washington (engl. in Business Week: Germany Won't Help U.S. with Bailout).
EEA - European Economic Association.
VfS - Verein für Socialpolitik/German Economic Association.
ROME - Network Research On Money in the Economy (co-initiator and founding member).
GFinM - Graduate School Global Financial Markets (co-initiator and founding member).
Economists are rarely satisfied with evidence that something works in practice. They are inclined to be more interested in whether it works in theory. (Allan H. Meltzer)
Capitalism without failure is like religion without sin—it just doesn’t work. (Allan H. Meltzer)
If the government underwrites all the risks, call it socialism. If it underwrites only the failures, call it foolishness. (Allan H. Meltzer)
If a bank is too big to fail, it is too big. (Allan H. Meltzer)
Those who follow too close on the heels of history risk getting kicked in the teeth. (Sir Walter Raleigh)
If a train stops at a train station, what do you think happens at a work station? (Hal R. Varian)
Giving colorful names to statistical relationships is not a substitute for economic theory. (Robert E. Lucas)
Monetarists don´t have a simple model, they have truth. (Harry Johnson)
An old-Keynesian doctor tries to cure a sick economy. A new-Keynesian doctor threatens to kill it, so effectively that it makes sure not to get sick in the first place. (John H. Cochrane)
The old and apparently still persistent notion of "the" business cycle, as a single, simple, self-generating cycle [...] is a myth. (Irving Fisher)
If government programs end up not being large enough to turn the recession around, we have to look forward to a deflationary period of indeterminate length. If they do succeed, however, severe inflationary pressures may surface quite quickly. (Axel Leijonhufvud)
Aktionäre sind dumm und frech. Dumm, weil sie ihr Geld anderen Leuten ohne ausreichende Kontrolle anvertrauen und frech, weil sie Dividenden fordern, also für ihre Dummheit auch noch belohnt werden wollen. (Carl Fürstenberg)
Der Reingewinn ist der Teil der Bilanz, den der Vorstand beim besten Willen nicht mehr vor den Aktionären verstecken kann. (Carl Fürstenberg)
Edited: Jan 12, 2010.