Jürgen von Hagen's picture
Affiliation: 
Universität Bonn
Credentials: 
Professor of Economics

Voting history

Bitcoin and the City

======================================================================

Question 2: Do you agree that the regulatory oversight of cryptocurrencies needs to be increased?

======================================================================

Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
What is the point of a privately issued currency regulated by the government? Such currencies are created to avoid the supposed evil effects of government regulation on monetary and financial stability.

======================================================================

Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?

======================================================================

Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
The financial system is still based on currencies issued by central banks. Cryptocurrencies would become attractive if central bank issued currencies became very unstable. Their wide-spread use in the financial system would be a result not a cause of instability.

Global risks from rising debt and asset prices

======================================================================

Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?

======================================================================

Answer:
Agree
Confidence level:
Very confident

======================================================================

Question 1: Does the world economy face heightened risks arising from an excess of public and private debt and/or inflated asset prices?

======================================================================

Answer:
Agree
Confidence level:
Confident
Comment:
"Heightened risk" but not yet "high risk". There is still time to prevent a crisis, but time is running out. So, Schäuble is right to call an early warning.

Juncker's State of the Union Address

====================================================================

Question 2: Do you agree that the euro has had more benefits than costs?

====================================================================

Answer:
Strongly disagree
Confidence level:
Extremely confident
Comment:
It has had advantages for some and disadvantages for others. For the group as a whole, the economic advantages have been close to zero at best. But the political damage caused by the euro has been enormous. Without the euro, we would not have had the government debt crisis, the management of which has revived Franco-German political deals and intergovernmentalism and weakened the EU's own political institutions.

Pages