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to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main > <div class="title"> <h1>Hanni Schölermann</h1> </div><div class="profile-box -top-arrow -portrait-img"><div class='upper'> <div data-image='/pub/research/authors/profiles/profile_pics/author_picture_hanni-schoelermann.jpg'></div> <div class='content-box'> <h4>International & European Relations</h4> <dl><dt>Division</dt><dd><p>EU Institutions & Fora</p></dd> <dt>Current Position</dt> <dd> <p>Team Lead - Economist</p> </dd><dt>Fields of interest</dt> <dd> <p>Macroeconomics and Monetary Economics,International Economics,Financial Economics</p> </dd><dt>Email</dt> <dd> <p><a href='mailto:hanni.schoelermann@ecb.europa.eu'>hanni.schoelermann@ecb.europa.eu</a></p> </dd> </dl> </div> </div><div class='lower'><div class='tabs-container -white-blue'><input id='t1' name='author-tab-group' type='radio' checked> <label for='t1'><span class='arrow'></span>Biography</label> <div class='tab-content'> <dl><div> <dt>Education</dt><dd><span>2009-2012</span><p>Master's in Public Policy, Hertie School of Governance, Berlin, Germany</p> </dd><dd><span>2006-2009</span><p>BA in Economics and Politics, School of Oriental and African Studies, London, United Kingdom</p> </dd></div><div> <dt>Professional experience</dt><dd><span>2021-</span><p>Team Lead - Economist - EU Institutions and Fora Division, Directorate General International and European Relations, European Central Bank</p> </dd><dd><span>2018-2020</span><p>(Senior) Economist - EU Institutions and Fora Division, Directorate General International and European Relations, European Central Bank</p> </dd><dd><span>2013-2018</span><p>Economist - Brussels Office, European Department, International Monetary Fund</p> </dd><dd><span>2012-2013</span><p>Consultant - Brussels Office, Directorate General International and European Relations, European Central Bank</p> </dd></div> </dl> </div><input id='t2' name='author-tab-group' type='radio'> <label for='t2'><span class='arrow'></span>ECB publications</label> <div class='tab-content'><div class="definition-list "><dl><dt isoDate="2024-10-28"><div class="date">28 October 2024</div></dt><dd><div class="category">ECONOMIC BULLETIN - ARTICLE</div><div class="title"><a href="/press/economic-bulletin/articles/2024/html/ecb.ebart202407_01~7014b80a90.en.html" >The ECB’s accountability to the European Parliament 2019-2024: commitment in times of change</a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/ferdinand-dreher.en.html" >Ferdinand Dreher</a></li><li><a href="/pub/research/authors/profiles/nils-hernborg.en.html" >Nils Hernborg</a></li><li><a href="/pub/research/authors/profiles/sarah-mochhoury.en.html" >Sarah Mochhoury</a></li><li><a href="/pub/research/authors/profiles/timothy-mulder.en.html" >Timothy Mulder</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li></ul></div><div class="main-publication">Economic Bulletin Issue 7, 2024</div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/economic-bulletin/articles/2024/html/ecb.ebart202407_01~7014b80a90.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>Abstract</dt><dd>The article examines how the ECB’s accountability practices have evolved during the ninth term of the European Parliament (2019-2024) and how these compare to previous parliamentary terms. It highlights innovations in the ECB’s accountability practices, including enhanced communication efforts and coverage of new initiatives, such as the digital euro project, which motivated extensive dialogue with the European Parliament. While focusing on central banking accountability in relation to monetary policy, it also outlines the accountability channels for ECB Banking Supervision. Overall, the article illustrates the fruitful joint efforts by the ECB and the European Parliament to effectively shape the accountability relationship and continue to enhance the dialogue between the two institutions.</dd><dt>JEL Code</dt><dd><strong>E52</strong> : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy<br/><strong>E58</strong> : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies<br/></dd></dl></div></div></dd><dt isoDate="2024-06-18"><div class="date">18 June 2024</div></dt><dd><div class="category">FINANCIAL INTEGRATION AND STRUCTURE BOX</div><div class="title"><a href="/press/fie/box/html/ecb.fiebox202406_08.en.html" >Rapid growth and strategic location: Analysing the rise of FinTechs in the EU</a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/oscar-fast.en.html" >Oscar Fast</a></li><li><a href="/pub/research/authors/profiles/zakaria-gati.en.html" >Zakaria Gati</a></li><li><a href="/pub/research/authors/profiles/urszula-kochanska.en.html" >Urszula Kochanska</a></li><li><a href="/pub/research/authors/profiles/claudia-lambert.en.html" >Claudia Lambert</a></li><li><a href="/pub/research/authors/profiles/chloe-larkou.en.html" >Chloe Larkou</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li><li><a href="/pub/research/authors/profiles/evangelia-sfetsori.en.html" >Evangelia Sfetsori</a></li><li><a href="/pub/research/authors/profiles/thomas-teulery.en.html" >Thomas Teulery</a></li><li><a href="/pub/research/authors/profiles/francesca-vinci.en.html" >Francesca Vinci</a></li></ul></div><div class="main-publication">Financial Integration and Structure in the Euro Area 2024</div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/fie/box/html/ecb.fiebox202406_08.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>Abstract</dt><dd>The European Union's FinTech industry has experienced rapid growth since the 2010’s, with a significant concentration of firms in major financial centers. This Box suggests that one of the reasons for the clustering of FinTechs close to financial centres may be easier access to equity finance. The analysis also shows that FinTechs outside financial centres compared to Fintechs that cluster in financial centers need to rely more on their performance as a signalling device to potential funding providers. Given the relevance of incubators and accelerators for early-stage development and funding of FinTech startups, the article points to the need to further investigate the role and effectiveness of institutional support schemes. It also underscores the need to advance on the EU’s capital markets union (CMU) agenda, in particular as regards policy efforts to grow European equity markets, in terms of both liquidity and depth.</dd><dt>JEL Code</dt><dd><strong>D22</strong> : Microeconomics→Production and Organizations→Firm Behavior: Empirical Analysis<br/><strong>G3</strong> : Financial Economics→Corporate Finance and Governance<br/><strong>O30</strong> : Economic Development, Technological Change, and Growth→Technological Change, Research and Development, Intellectual Property Rights→General<br/></dd></dl></div></div></dd><dt isoDate="2024-06-18"><div class="date">18 June 2024</div></dt><dd><div class="category">FINANCIAL INTEGRATION AND STRUCTURE BOX</div><div class="title"><a href="/press/fie/box/html/ecb.fiebox202406_07.en.html" >Examining the causes and consequences of the recent listing gap between the United States and Europe</a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/zakaria-gati.en.html" >Zakaria Gati</a></li><li><a href="/pub/research/authors/profiles/claudia-lambert.en.html" >Claudia Lambert</a></li><li><a href="/pub/research/authors/profiles/davide-ranucci.en.html" >Davide Ranucci</a></li><li><a href="/pub/research/authors/profiles/clement-rouveyrol.en.html" >Clément Rouveyrol</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li></ul></div><div class="main-publication">Financial Integration and Structure in the Euro Area 2024</div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/fie/box/html/ecb.fiebox202406_07.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>Abstract</dt><dd>In view of recent high-profile delistings from European stock exchanges and the widening gap in listings compared to the US, this Box sheds more light on the gap in listings between the United States and Europe. It examines the reasons behind the delisting activities of EU companies and identifies mergers and acquisitions as the key determinant over time, including in recent years. In addition, an examination of the trends of dual and US listings of European firms suggests a growing attractiveness of US markets for European firms. This suggests that policy measures may be needed to make EU listings more appealing, particularly for larger companies, by enhancing market depth and liquidity and possibly further consolidating European stock exchanges.</dd><dt>JEL Code</dt><dd><strong>G10</strong> : Financial Economics→General Financial Markets→General<br/><strong>G15</strong> : Financial Economics→General Financial Markets→International Financial Markets<br/><strong>G34</strong> : Financial Economics→Corporate Finance and Governance→Mergers, Acquisitions, Restructuring, Corporate Governance<br/></dd></dl></div></div></dd><dt isoDate="2023-04-24"><div class="date">24 April 2023</div></dt><dd><div class="category">THE ECB BLOG</div><div class="title"><a href="/press/blog/date/2023/html/ecb.blog.230424~4cdc3a38ba.en.html" >What to do about Europe’s climate insurance gap </a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/casper-christophersen.en.html" >Casper Christophersen</a></li><li><a href="/pub/research/authors/profiles/margherita-giuzio.en.html" >Margherita Giuzio</a></li><li><a href="/pub/research/authors/profiles/hradayesh-kumar.en.html" >Hradayesh Kumar</a></li><li><a href="/pub/research/authors/profiles/miles-parker.en.html" >Miles Parker</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li></ul></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/blog/date/2023/html/ecb.blog.230424~4cdc3a38ba.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>JEL Code</dt><dd><strong>Q54</strong> : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Climate, Natural Disasters, Global Warming<br/></dd></dl></div></div></dd><dt isoDate="2021-10-19"><div class="date">19 October 2021</div></dt><dd><div class="category">MACROPRUDENTIAL BULLETIN - FOCUS - No. 15</div><div class="title"><a href="/press/financial-stability-publications/macroprudential-bulletin/focus/2021/html/ecb.mpbu_focus202110_3.en.html" >Towards a green capital markets union: developing sustainable, integrated and resilient European capital markets</a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/alexandra-born.en.html" >Alexandra Born</a></li><li><a href="/pub/research/authors/profiles/margherita-giuzio.en.html" >Margherita Giuzio</a></li><li><a href="/pub/research/authors/profiles/claudia-lambert.en.html" >Claudia Lambert</a></li><li><a href="/pub/research/authors/profiles/dilyara-salakhova.en.html" >Dilyara Salakhova</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li><li><a href="/pub/research/authors/profiles/fabio-tamburrini.en.html" >Fabio Tamburrini</a></li></ul></div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/financial-stability-publications/macroprudential-bulletin/focus/2021/html/ecb.mpbu_focus202110_3.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>Abstract</dt><dd>Green capital markets are growing rapidly while being more resilient and integrated than traditional markets. Enhancing market structures and standards will help decrease greenwashing risk and foster further growth in green finance and the transition towards carbon neutrality.</dd><dt>JEL Code</dt><dd><strong>G11</strong> : Financial Economics→General Financial Markets→Portfolio Choice, Investment Decisions<br/><strong>G21</strong> : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages<br/><strong>G23</strong> : Financial Economics→Financial Institutions and Services→Non-bank Financial Institutions, Financial Instruments, Institutional Investors<br/><strong>G28</strong> : Financial Economics→Financial Institutions and Services→Government Policy and Regulation<br/><strong>Q54</strong> : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Climate, Natural Disasters, Global Warming<br/><strong>Q56</strong> : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Environment and Development, Environment and Trade, Sustainability, Environmental Accounts and Accounting, Environmental Equity, Population Growth<br/></dd></dl></div></div></dd><dt isoDate="2020-06-15"><div class="date">15 June 2020</div></dt><dd><div class="category">ECONOMIC BULLETIN - ARTICLE</div><div class="title"><a href="/press/economic-bulletin/articles/2020/html/ecb.ebart202004_01~9e43ff2fb2.en.html" >Citizens’ attitudes towards the ECB, the euro and Economic and Monetary Union</a></div><div class="authors"><ul><li><a href="/pub/research/authors/profiles/stephanie-bergbauer.en.html" >Stephanie Bergbauer</a></li><li><a href="/pub/research/authors/profiles/nils-hernborg.en.html" >Nils Hernborg</a></li><li><a href="/pub/research/authors/profiles/jean-francois-jamet.en.html" >Jean-Francois Jamet</a></li><li><a href="/pub/research/authors/profiles/eric-persson.en.html" >Eric Persson</a></li><li><a href="/pub/research/authors/profiles/hanni-schoelermann.en.html" >Hanni Schölermann</a></li></ul></div><div class="main-publication">Economic Bulletin Issue 4, 2020</div><div class="ecb-langSelector"><span class="offeredLanguage"><a class='arrow' lang="en" href="/press/economic-bulletin/articles/2020/html/ecb.ebart202004_01~9e43ff2fb2.en.html"> <span class="ecb-full">English</span></a></span></div><div class='accordion'><div class="header"><div class="title">Details</div></div><div class="content-box"><dl><dt>Abstract</dt><dd>Building on the literature on trust in institutions, this article looks at the state, evolution and sociodemographic breakdown of citizens’ trust in the ECB and support for the euro. Drawing on a novel typology of attitudes towards Economic and Monetary Union (EMU) and using microdata from Eurobarometer surveys since the introduction of the single currency, the analysis tracks the prevalence of supporters and sceptics of EMU over time and across euro area countries. It further explores the sociodemographic characteristics, economic perceptions and, more broadly, European sentiments within these groups. In this way, it provides insights into the factors shaping citizens’ attitudes towards the ECB, the euro and EMU, and helps identify possible avenues for enhancing trust. The analysis indicates that popular support for EMU – in particular, trust in the ECB – hinges to a large extent on citizens’ perceptions of their personal situation and the overall economic context, as well as their broader attitudes towards the European Union, while other sociodemographic indicators seem to be less relevant.</dd><dt>JEL Code</dt><dd><strong>E58</strong> : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies<br/><strong>G53</strong> : Financial Economics<br/><strong>R10</strong> : Urban, Rural, Regional, Real Estate, and Transportation Economics→General Regional Economics→General<br/><strong>Z13</strong> : Other Special Topics→Cultural Economics, Economic Sociology, Economic Anthropology→Economic Sociology, Economic Anthropology, Social and Economic Stratification<br/></dd></dl></div></div></dd></dl></div></div><input id='t3' name='author-tab-group' type='radio'> <label for='t3'><span class='arrow'></span>External publications</label> <div class='tab-content'><div class="definition-list"><dl><dt><div>2019</div></dt><dd><div class="category">VoxEU</div><div class="title"><a href="https://cepr.org/voxeu/columns/global-lessons-euroscepticism">Global lessons from Euroscepticism</a></div><div class="authors"><ul><li>Bergbauer, S., Jamet, J.-F., Schölermann, H., Stracca, L. and Stubenrauch, C.</li></ul></div></dd><dt><div>2018</div></dt><dd><div class="category">IMF Working Papers</div><div class="title"><a href="https://www.imf.org/en/Publications/WP/Issues/2018/01/23/Economic-Convergence-in-the-Euro-Area-Coming-Together-or-Drifting-Apart-45575">Economic Convergence in the Euro Area: Coming Together or Drifting Apart?</a></div><div class="authors"><ul><li>Franks, J.R., Barkbu, B., Blavy, R., Oman, W. and Schoelermann, H.</li></ul></div></dd><dt><div>2015</div></dt><dd><div class="category">The Mechanics of a Strong Euro Area - IMF Policy Analysis</div><div class="title">Chapter 1. Investment in the Euro Area: Why Has It Been Weak?</div><div class="authors"><ul><li>Barkbu, B., Berkmen, S.P., Lukyantsau, P, Saksonovs, S., and Schoelermann, H.</li></ul></div></dd><dt><div>2015</div></dt><dd><div class="category">IMF Working Papers</div><div class="title"><a href="https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Investment-in-the-Euro-Area-Why-Has-It-Been-Weak-42717">Investment in the Euro Area: Why Has It Been Weak?</a></div><div class="authors"><ul><li>Barkbu, B., Berkmen, S.P., Lukyantsau, P, Saksonovs, S. and Schoelermann, H.</li></ul></div></dd><dt><div>2015</div></dt><dd><div class="category">IMF Working Papers</div><div class="title"><a href="https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Building-a-Better-Union-Incentivizing-Structural-Reforms-in-the-Euro-Area-43278">Building a Better Union: Incentivizing Structural Reforms in the Euro Area</a></div><div class="authors"><ul><li>Banerji, A.,Barkbu, B., John, J., Kinda, T., Saksonovs, S., Schoelermann, H. and Wu, T.</li></ul></div></dd></dl></div></div></div></div></div> </main> </div> <div id="feedback" class="hidden"> <div class="content-box"> <div class="initial"> <div class="title">Are you happy with this page?</div> <a class="button -inverted-color" id="feedback-yes">Yes</a> <a class="button -inverted-color" id="feedback-no">No</a> </div> <div class="second hidden"> <div class="title">What made you unhappy?</div> <a class="button -inverted-color" id="feedback-broken">Page not working</a> <a class="button -inverted-color" id="feedback-content">Information not useful</a> <a class="button -inverted-color" id="feedback-design">Design not attractive</a> <a class="button -inverted-color" id="feedback-other">Something else</a> </div> <div class="final hidden"> <div class="title">Thank you for letting us know!</div> </div> </div> </div> <footer id="ecb-doc-footer"> <div class="ecb-footerTop"> <div class="sitemap"> <a href="/home/sitedir/html/index.en.html" title="Site Directory">Site directory</a> </div> <div class="socialLinks"> <a class="inline-link" href="/home/socialmedia/html/index.en.html" title="Official social media channels">FOLLOW US</a> <a href="http://twitter.com/ecb" class="twitter" title="X"></a> <a href="https://www.linkedin.com/company/european-central-bank" class="linkedin" title="LinkedIn"></a> <a href="https://www.instagram.com/europeancentralbank/" class="instagram" title="Instagram"></a> <a href="https://www.youtube.com/user/ecbeuro" class="youtube" title="YouTube"></a> <a href="https://www.flickr.com/photos/europeancentralbank/sets/" class="flickr" title="Flickr"></a> <a href="https://soundcloud.com/europeancentralbank" class="soundcloud" title="Soundcloud"></a> <a href="/rss" class="rss" title="RSS news feeds"></a> </div> </div><div class="ecb-footerBottom"> <p><span>Copyright 2024, </span>European Central Bank</p> <div class="ecb-serviceNavigation"> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Useful links</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/careers/vacancies/html/index.en.html">Work with us</a></li> <li><a href="/services/glossary/html/index.en.html">Glossary</a></li> <li><a href="/services/links/html/index.en.html">Other institutions</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Using our site</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/disclaimer/html/index.en.html">Disclaimer & Copyright</a></li> <li><a href="/services/data-protection/privacy-statements/website/html/index.en.html">Privacy statement</a></li> <li><a href="/services/languagepolicy/html/index.en.html">Language policy</a></li> <li><a href="/services/using-our-site/technical-updates/html/index.en.html">Technical updates to this site</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Corporate Policies</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/services/data-protection/html/index.en.html">Data Protection</a></li> <li><a href="/ecb/access_to_documents/html/index.en.html">Access to documents</a></li> <li><a href="/services/responsible-disclosure/html/index.en.html">Responsible disclosure</a></li> </ul> </div> </div> <div class="ecb-serviceNavigationBox"> <div class="ecb-serviceNavigationBoxTitle">Contact</div> <div class="ecb-serviceNavigationBoxLinks"> <ul> <li><a href="/ecb/contacts/html/index.en.html">Contacts</a></li> <li><a href="/services/contacts/address/html/index.en.html">Address</a></li> <li><a href="/services/contacts/working-hours/html/index.en.html">Public holidays</a></li> </ul> </div> </div> </div> </div>  </footer> <style> [data-count]{ position: relative; 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