Jörg Rocholl What Are the Transmission Channels in a Financial Crisis?
Professor Jörg Rocholl is President of the European School of Management and Technology (ESMT), Berlin where he also holds the EY Chair in Governance and Compliance. Rocholl also holds several other research and advisory positions including membership of the Economic Advisory Board to the German Ministry of Finance. Having completed his PhD at Columbia Business School (New York), Rocholl’s main research interests include corporate finance, corporate governance and financial intermediation. Recipient of the European Central Bank’s Wim Duisenberg Fellowship in 2013, Rocholl’s expertise is regularly sought out by media outlets including The Economist, the BBC, CNN and Al Jazeera.
Area of Research
Corporate Finance, Corporate Governance, Financial Intermediation
since 2011
since 2012
CESifo Research Professor
Institute for Economic Research (CESifo)
since 2010
Professor and EY Chair in Governance and Compliance
European School of Management and Technology (ESMT) (more details)
2010-2012
2007-2010
2003-2007
Assistant Professor
University of North Carolina
Kenan-Flagler Business School
2004
PhD in Finance and Economics
Columbia University, New York
Columbia Business School
2001
MPhil.
Columbia University, New York
Columbia Business School
1999
Diplom-Ökonom (Economics Degree; with Distinction),
Universität Witten/Herdecke
- Member of the Economic Advisory Board, German Ministry of Finance (since 2011)
Fellowships
- Duisenberg Fellow at the European Central Bank (2013)
- Distinguished CESifo Affiliate in Macro, Money & International Finance (2009)
- Lamfalussy Fellowship, European Central Bank (2006)
Prizes
- EFA Best Paper Award (2012)
- ESMT EMBA Best Teacher Award (2011)
- Research Grant, Peter Curtius-Stiftung (2010)
- FDIC Research Grant (2006, 2009)
- Research Grant, Peter Curtius-Stiftung (2008, 2009)
European School of Management and Technology (ESMT)
Berlin, GermanyESMT Berlin was founded by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, a master's in management, as well as open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership, innovation, and analytics. ESMT faculty publishes in top academic journals. Additionally, the business school provides an interdisciplinary platform for discourse between politics, business, and academia. It is based in Berlin, Germany, with a branch office in Shanghai, China. ESMT is a private business school with the right to grant PhDs and is accredited by the German state, AACSB, AMBA, EQUIS, and FIBAA. www.esmt.org
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In the 2008 financial crisis, problems originating in the U.S. banking sector had effects not only on other parts of the U.S. economy but also internationally. In this video, JÖRG ROCHOLL sets out to identify the transmission channels through which such problems spread. Focusing, in the first instance, on how the 2008 crisis affected German banks, Rocholl observes that German corporate and retail customers saw their borrowing opportunities curtailed in cases where their bank was heavily invested in US markets. Highlighting several other transmission channels which allow financial difficulties to spread, Rocholl presents important recommendations on how the widespread effects of such shocks can be limited in the future.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10705
Breaking the Doom Loop: The Euro Zone Basket
- Dietrich Matthes and Jörg Rocholl
- ESMT White Paper
- Published in 2017
Where Did the Greek Bailout Money Go?
- Jörg Rocholl and Axel Stahmer
- European School of Management and Technology (ESMT) Working Paper
- Published in 2016
Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing Between Supply and Demand Effects
- Manju Puri, Jörg Rocholl and Sascha Steffen
- Journal of Financial Economics
- Published in 2011
