Falko Fecht

Falko Fecht serves as Head of Research at the Deutsche Bundesbank, leading its Research Centre. His work focuses on financial intermediation, liquidity crises, central bank policies, and systemic risk in banking systems.

Key research areas include the microeconomics of banking, payment systems, and financial regulation. He has published extensively on liquidity management, interbank market dynamics, and the real effects of banking crises. Notable contributions analyze the role of deposit insurance during crises and the impact of central bank liquidity provision.

His publications span top journals like the Journal of Banking and Finance and Review of Finance. He has authored over 30 refereed articles and working papers since 2004, with recent work addressing liquidity risks in mutual funds and information transmission between banks and corporate markets. Though no formal awards are listed, his research has shaped policy debates on financial stability and regulatory frameworks.

As Head of Research, Fecht oversees the Bundesbank’s research agenda, including teams analyzing household finances, corporate behavior, and green finance. His work integrates theoretical models with empirical evidence to address practical policy challenges.