SOAS Research Online

Authored Books

Volz, Ulrich, Böhnke, Judith, Eidt, Vanessa, Knierim, Laura, Richert, Katharina and Roeber, Greta-Maria (2015) Financing the Green Transformation – How to Make Green Finance Work in Indonesia. Houndmills, Basingstoke: Palgrave Macmillan.

Volz, Ulrich (2010) Prospects for Monetary Cooperation and Integration in East Asia. Cambridge, MA: MIT Press. (MIT Press Books)

Edited Book or Journal Volume

Diaz-Rainey, Ivan, Corfee-Morlot, Jan, Volz, Ulrich and Caldecott, Ben, eds. (2023) Green Finance in Asia: Challenges, Policies and Avenues for Research. London: Taylor and Francis. (Climate Policy. Special issue: vol. 23, no. 1)

Schoenmaker, Dirk and Volz, Ulrich, eds. (2022) Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press.

Ma, Jun, Caldecott, Ben and Volz, Ulrich, eds. (2020) Case Studies of Environmental Risk Analysis Methodologies. Paris: Central Banks and Supervisors Network for Greening the Financial System.

Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, eds. (2019) Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge. (Routledge handbooks)

Volz, Ulrich, ed. (2012) Financial Stability in Emerging Markets – Dealing with Global Liquidity. Bonn: German Development Institute.

Volz, Ulrich, ed. (2011) Regional Integration, Economic Development and Global Governance. Cheltenham and Northampton, MA: Edward Elgar.

Volz, Ulrich and Caliari, Aldo, eds. (2010) Regional and Global Liquidity Arrangements. Bonn: German Development Institute.

Hamada, Koichi, Reszat, Beate and Volz, Ulrich, eds. (2009) Towards Monetary and Financial Integration in East Asia. Cheltenham and Northampton, MA: Edward Elgar.

Book Chapters

Dikau, Simon, Haahr, Marianne and Volz, Ulrich (2022) 'Harnessing the Potential of Digital Finance for Financing Sustainable Development.' In: Schoenmaker, Dirk and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp. 161-171.

Knaack, Peter and Volz, Ulrich (2022) 'Inclusive Green Finance.' In: Schoenmaker, Dirk and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp. 149-160.

Volz, Ulrich, Dikau, Elena, Almeida, Elena and Robins, Nick (2022) 'The Role of Central Banks and Supervisors in Scaling Up Sustainable Finance and Investment in the Global South.' In: Schoenmaker, Dirk and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp. 109-132.

Schoenmaker, Dirk and Volz, Ulrich (2022) 'Scaling Up Sustainable Finance and Investment in the Global South: Introduction.' In: Schoenmaker, Dirk and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp. 1-8.

Ariyapruchya, Swisa and Volz, Ulrich (2022) 'Sustainable Finance in Southeast Asia.' In: Schoenmaker, Dirk and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp. 281-302.

Volz, Ulrich (2022) 'Institutional Mechanisms for Scaling Up Finance for the SDGs in ASEAN: Lessons from the European Union.' In: Venkatachalam, Anbumozhi, Kalirajan, Kaliappa and Kimura, Fukunari, (eds.), Sustainable Development Goals and Pandemic Planning: Role of Efficiency Based Regional Approaches. Heidelberg and New York: Springer Nature, pp. 601-625.

Volz, Ulrich (2021) 'Avoiding Too Little, Too Late: Debt Relief for a Green and Inclusive Recovery.' In: Gallagher, Kevin P. and Gao, Haihong, (eds.), Building Back a Better Global Financial Safety Net. Boston, MA: Global Development Policy Center, Boston University, pp. 88-95.

Volz, Ulrich (2021) 'The IMF and the Macro-Criticality of Climate Change.' In: Gallagher, Kevin P. and Gao, Haihong, (eds.), Building Back a Better Global Financial Safety Net. Boston, MA: Global Development Policy Center, Boston University, pp. 108-118.

Volz, Ulrich (2020) 'Exchange Rate Management in East Asia: Words and Deeds.' In: Rövekamp, Frank, Bälz, Moritz and Hilpert, Hanns Günther, (eds.), Monetary Policy Implementation in East Asia. Heidelberg and New York: Springer Nature, pp. 45-60. (Financial and Monetary Policy Studies)

Montgomery, Heather and Volz, Ulrich (2020) 'The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending.' In: Stenfors, Alexis and Toporowski, Jan, (eds.), Unconventional Monetary Policy and Financial Stability: The Case of Japan. London and New York: Routledge, pp. 38-53. (Routledge critical studies in finance and stability)

Dikau, Simon and Volz, Ulrich (2019) 'Central Banking, Climate Change and Green Finance.' In: Sachs, Jeffrey, Woo, Wing Thye, Yoshino, Naoyuki and Taghizadeh-Hesary, Farhad, (eds.), Springer Handbook of Green Finance: Energy Security and Sustainable Development. Heidelberg and New York: Springer Nature, pp. 81-102. (Sustainable development)

Belke, Ansgar and Volz, Ulrich (2019) 'The Role of Institutions and Macroprudential Policy in Managing Spillovers from Quantitative Easing Policies.' In: Chantapacdepong, Pornpinun, Helble, Matthias and Yoshino, Naoyuki, (eds.), Macroeconomic Shocks and Unconventional Monetary Policy. Impacts on Emerging Markets. Oxford: Oxford University Press, pp. 263-293.

Tobin, Damian and Volz, Ulrich (2019) 'The Development and Transformation of the Financial System in the People's Republic of China.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London ; New York: Routledge, pp. 15-38. (Routledge handbooks)

Volz, Ulrich (2019) 'Fostering Green Finance for Sustainable Development in Asia.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp. 488-504. (Routledge handbooks)

Jinjarak, Yothin and Volz, Ulrich (2019) 'Banking and Finance in Thailand.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp. 179-200. (Routledge Handbooks)

Morgan, Peter J., Volz, Ulrich and Yoshino, Naoyuki (2019) 'Introduction: Characteristics of Asian Financial Systems in Comparative Perspective.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp. 1-12. (Routledge Handbooks)

Tobin, Damian and Volz, Ulrich (2018) 'The Development and Transformation of the Financial System in the People’s Republic of China.' In: Volz, Ulrich, Morgan, Peter J. and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp. 15-38.

Volz, Ulrich (2015) 'Navigating the Trilemma – Central Banking in East Asia between Inflation Targeting, Exchange Rate Management and Guarding Financial Stability.' In: Bälz, Moritz, Hilpert, Hanns Günther and Rövekamp, Frank, (eds.), Central Banks, Financial Stability and Legal Issues in East Asia. Heidelberg and New York: Springer, pp. 157-167. (Financial and Monetary Policy Studies)

Volz, Ulrich (2014) 'All Politics is Local: The Renminbi's Prospects as a Future Global Currency.' In: Armijo, Leslie and Katada, Saori, (eds.), The Financial Statecraft of Emerging Powers. Houndmills, Basingstoke: Palgrave Macmillan, pp. 103-137.

Volz, Ulrich (2014) 'RMB Internationalisation and Currency Co-operation in East Asia.' In: Hilpert, Hanns Günther and Rövekamp, Frank, (eds.), Currency Cooperation in East Asia. Heidelberg and New York: Springer, pp. 57-81.

Volz, Ulrich (2013) 'Strengthening Cooperation between Regional Financing Arrangements and the International Monetary Fund.' In: Giraldo, Carlos Andrés, (ed.), Papers and Proceedings, VII Conferencia Internacional de Estudios Económicos: regionalismo financiero y estabilidad macroeconómica. Bogotá: Fondo Latinoamericano de Reservas, pp. 8-17.

Volz, Ulrich (2012) 'Das Dollar-Privileg und neue Machtwährungen.' In: Braml, Josef, Mair, Stefan and Sandschneider, Eberhard, (eds.), Außenpolitik in der Wirtschafts- und Finanzkrise. München: Oldenbourg, pp. 71-82. (DGAP-Jahrbuch Internationale Politik)

Reade, J. James and Volz, Ulrich (2012) 'Chinese Monetary Policy and the Dollar Peg.' In: de Haan, Jakob and Cheung, Yin-Wong, (eds.), The Evolving Role of China in the Global Economy. Cambridge, MA: MIT Press, pp. 265-299.

Volz, Ulrich (2012) 'Global Liquidity and Commodity Prices.' In: Volz, Ulrich, (ed.), Financial Stability in Emerging Markets: Dealing With Global Liquidity. Bonn: German Development Institute, pp. 23-26.

Volz, Ulrich (2012) 'Internationaler Währungsfond.' In: Freistein, Katja and Leininger, Julia, (eds.), Handbuch internationale Organisationen: theoretische Grundlagen und Akteure. München: Oldenbourg, pp. 145-155.

Volz, Ulrich (2012) 'Introduction.' In: Volz, Ulrich, (ed.), Financial Stability in Emerging Markets: Dealing With Global Liquidity. Bonn: German Development Institute, pp. 1-7.

Volz, Ulrich (2011) 'On the Choice of Exchange-rate Regimes for East Asia.' In: Cheung, Yin-Wong, Kakkar, Vikas and Ma, Guonan, (eds.), The Evolving Role of Asia in Global Finance. Bingley: Emerald Group Publishing, pp. 123-156.

McKay, Julie, Volz, Ulrich and Wölfinger, Regine (2011) 'Regional Financing Arrangements and the IMF.' In: Volz, Ulrich, (ed.), Regional Integration, Economic Development and Global Governance. Cheltenham: Edward Elgar, pp. 234-253.

Reade, J. James and Volz, Ulrich (2011) 'When You Got Nothing, You Got Nothing to Lose: Monetary Integration and Monetary Policy Independence.' In: Volz, Ulrich, (ed.), Regional Integration, Economic Development and Global Governance. Cheltenham: Edward Elgar, pp. 274-294.

Journal Article

Dikau, Simon, Robins, Nick, Smoleńska, Agnieszka, van 't Klooster, Jens and Volz, Ulrich (2024) 'Prudential Net Zero Transition Plans: The Potential of a New Regulatory Instrument.' Journal of Banking Regulation. (Forthcoming)

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2023) 'When the United States and the People’s Republic of China Sneeze: Monetary Policy Spillovers to Asian Economies.' Open Economies Review, 34 (3). pp. 519-540.

Diaz-Rainey, Ivan, Corfee-Morlot, Jan, Volz, Ulrich and Caldecott, Ben (2023) 'Green finance in Asia: challenges, policies and avenues for research.' Climate Policy, 23 (1). pp. 1-10.

Dikau, Simon and Volz, Ulrich (2023) 'Out of the window? Green monetary policy in China: window guidance and the promotion of sustainable lending and investment.' Climate Policy, 23 (1). pp. 122-137.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2023) 'Non-Bank Finance and Monetary Policy Transmission in Asia.' Emerging Markets Finance and Trade, 59 (6). pp. 1976-1991.

Volz, Ulrich (2022) 'On the Potential of Sovereign State-Contingent Debt in Contributing to Better Public Debt Management and Enhancing Sustainability Outcomes.' Journal of Globalization and Development, 13 (2). pp. 379-409.

Volz, Ulrich (2022) 'Climate-proofing the Global Financial Safety Net.' Journal of Globalization and Development, 13 (1). pp. 1-30.

Chen, Yushi and Volz, Ulrich (2022) 'Scaling Up Sustainable Investment through Blockchain-based Project Bonds.' Development Policy Review, 40 (3). e12582.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2021) 'Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing.' International Review of Economics and Finance, 76. pp. 920-936.

Beirne, John, Renzhi, Nuobu, Sugandi, Eric and Volz, Ulrich (2021) 'COVID-19, Asset Markets and Capital Flows.' Pacific Economic Review, 26 (4). pp. 498-538.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2021) 'Persistent Current Account Imbalances: Are they Good or Bad for Regional and Global Growth?' Journal of International Money and Finance, 115 (102389). p. 102389.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2021) 'Local Currency Bond Markets, Foreign Investor Participation and Capital Flow Volatility in Asia.' The Singapore Economic Review. (Forthcoming)

Dikau, Simon and Volz, Ulrich (2021) 'Central Bank Mandates, Sustainability Objectives and the Promotion of Green Finance.' Ecological Economics, 184 (June). p. 107022.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2021) 'Bracing for the Typhoon: Climate Change and Sovereign Risk in Southeast Asia.' Sustainable Development, 29 (3). pp. 537-551.

Semieniuk, Gregor, Campiglio, Emanuele, Mercure, Jean-Francois, Volz, Ulrich and Edwards, Neil R. (2021) 'Low-carbon transition risks for finance.' Wiley Interdisciplinary Reviews Climate Change, 12 (1). e678.

Gallagher, Kevin P., Gao, Haihong, Kring, William N., Ocampo, José Antonio and Volz, Ulrich (2021) 'Safety First: Expanding the Global Financial Safety Net in Response to COVID-19.' Global Policy, 12 (1). pp. 140-148.

Kling, Gerhard, Volz, Ulrich, Murinde, Victor and Ayas, Sibel (2021) 'The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance.' World Development, 137. p. 105131.

Gallagher, Kevin P., Ocampo, José Antonio and Volz, Ulrich (2020) 'Special Drawing Rights: International Monetary Support for Developing Countries in Times of the COVID-19 Crisis.' The Economists’ Voice, 17 (1). p. 20200012.

Schumacher, Kim, Chenet, Hugues and Volz, Ulrich (2020) 'Sustainable Finance in Japan.' Journal of Sustainable Finance and Investment, 10 (2). pp. 213-246.

Durrani, Aziz, Rosmin, Masyitah and Volz, Ulrich (2020) 'The Role of Central Banks in Scaling Up Sustainable Finance – What do Monetary Authorities in the Asia-Pacific Region Think?' Journal of Sustainable Finance and Investment, 10 (2). pp. 92-112.

Belke, Ansgar and Volz, Ulrich (2020) 'The Yen Exchange Rate and the Hollowing Out of the Japanese Industry.' Open Economies Review, 31. pp. 371-406.

Belke, Ansgar and Volz, Ulrich (2019) 'Flows to Emerging Market and Developing Economies – Global Liquidity and Uncertainty Versus Country-specific Pull Factors.' Review of Development Finance, 9 (1). pp. 32-50.

Montgomery, Heather and Volz, Ulrich (2019) 'The Effectiveness of Unconventional Monetary Policy in Japan.' Journal of Economic Issues, 53 (2). pp. 411-416.

Dafe, Florence, Essers, Dennis and Volz, Ulrich (2018) 'Localising Sovereign Debt: The Rise of Local Currency Bond Markets in Sub-Saharan Africa.' The World Economy, 41 (12). pp. 3317-3344.

Belke, Ansgar, Dubova, Irina and Volz, Ulrich (2018) 'Bond Yield Spillovers from Major Advanced Economies to Emerging Asia.' Pacific Economic Review, 23 (1). pp. 109-126.

Volz, Ulrich (2016) 'Toward the Development of a Global Financial Safety Net or a Segmentation of the Global Financial Architecture?' Emerging Markets Finance and Trade, 52 (10). pp. 2221-2237.

Volz, Ulrich (2016) 'Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences.' International Economic Journal, 30 (2). pp. 272-293.

Berensmann, Kathrin, Dafe, Florence and Volz, Ulrich (2015) 'Developing Local Currency Bond Markets for Long-term Development Financing in Sub-Saharan Africa.' Oxford Review of Economic Policy, 31 (3-4). pp. 350-378.

Belke, Ansgar and Volz, Ulrich (2015) 'On the Unilateral Introduction of Gold-backed Currencies.' Intereconomics, 50 (5). pp. 294-300.

Volz, Ulrich (2015) 'On the Future of Inflation Targeting in East Asia.' Review of Development Economics, 19 (3). pp. 638-652.

Belke, Ansgar and Volz, Ulrich (2015) 'The Strong Euro: Challenges for the European Central Bank and Implications for the Global Economy.' AEI Insights, 1 (1). pp. 53-68.

Volz, Ulrich (2014) 'Comment on 'Lessons for China from Financial Liberalization in Scandinavia'.' Asian Economic Papers, 13 (1). pp. 48-50.

Belke, Ansgar, Bordon, Ingo G. and Volz, Ulrich (2013) 'Effects of Global Liquidity on Commodity and Food Prices.' World Development, 44 (April). pp. 31-43.

Ito, Hiro and Volz, Ulrich (2013) 'China and Global Imbalances from a View of Sectorial Reforms.' Review of International Economics, 21 (1). pp. 57-71.

Volz, Ulrich (2013) 'ASEAN Financial Integration in the Light of Recent European Experiences.' Journal of Southeast Asian Economies, 30 (2). pp. 124-141.

Volz, Ulrich (2013) 'Lessons of the European Crisis for Regional Monetary and Financial Integration in East Asia.' Asia Europe Journal, 11 (4). pp. 355-376.

Frey, Leo and Volz, Ulrich (2013) 'Regional Financial Integration in Sub-Saharan Africa - An Empirical Examination of its Effects on Financial Market Development.' The South African Journal of Economics, 81 (1). pp. 79-117.

Volz, Ulrich (2012) 'Financial Regionalism in East Asia.' International Spectator, 47 (4). pp. 95-109.

Mölders, Florian and Volz, Ulrich (2011) 'Trade Creation and the Status of FTAs: Empirical Evidence from East Asia.' Review of World Economics (Weltwirtschaftliches Archiv), 147 (3). pp. 429-456.

McKay, Julie, Volz, Ulrich and Wölfinger, Regine (2011) 'Regional Financing Arrangements and the Stability of the International Monetary System.' Journal of Globalization and Development, 2 (1).

Reade, J. James and Volz, Ulrich (2011) 'Leader of the Pack? German Monetary Dominance in Europe Prior to EMU.' Economic Modelling, 28 (1-2). pp. 239-250.

Volz, Ulrich (2011) 'An Empirical Examination of Firms' Financing Conditions in Transition Countries.' International Journal of Emerging and Transition Economies, 3 (1-2). pp. 167-193.

Reade, J. James and Volz, Ulrich (2011) 'From the General to the Specific – Modelling Inflation in China.' Applied Economics Quarterly, 57 (1). pp. 27-44.

Volz, Ulrich (2009) 'Financing Constraints of SMEs in Transition Countries.' Revue Bancaire et Financière, 73 (4). pp. 233-248.

Volz, Ulrich and Fujimura, Manabu (2009) 'The Political Economy of Japanese Monetary and Exchange Rate Policy.' Economic Review, 1 (1). pp. 3-46.

Volz, Ulrich (2006) 'On the Feasibility of a Regional Exchange Rate System for East Asia: Lessons of the 1992/1993 EMS Crisis.' Journal of Asian Economics, 17 (6). pp. 1107-1127.

Monographs and Working Papers

Zucker-Marques, Marina, Gallagher, Kevin P and Volz, Ulrich (2024) Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement. Boston, London, Berlin: Boston University Global Development Policy Center; Centre for Sustainable Finance, SOAS, University of London; Heinrich Böll Foundation.

Kraemer, Moritz and Volz, Ulrich (2024) Mobilising A Trillion Dollars for Climate Mitigation in Poor Countries: A Proposal for a New Finance Facility against Climate Change. London: Centre for Sustainable Finance, SOAS, University of London. (Forthcoming)

Volz, Ulrich, Lo, Yuen and Mishra, Vaibhav (2023) Scaling Up Green Investment in the Global South: Strengthening Domestic Financial Resource Mobilisation and Attracting Patient International Capital. London: SOAS Centre for Sustainable Finance. (Forthcoming)

Zucker-Marques, Marina, Volz, Ulrich and Gallagher, Kevin (2023) Debt Relief by Multilateral Development Banks: Why, How and How Much? London, Berlin, Boston: Boston University Global Development Policy Center; Centre for Sustainable Finance, SOAS University of London; Heinrich-Böll-Stiftung.

Espagne, Etienne, Oman, William, Mercure, Jean-François, Svartzman, Romain, Volz, Ulrich, Pollitt, Hector, Semieniuk, Gregor and Campiglio, Emanuele (2023) Cross-border Risks of a Global Economy in Mid-Transition. Washington, DC: IMF Working Paper No. 23/184.

Volz, Ulrich and Knaack, Peter (2023) Inclusive Green Finance: A New Agenda for Central Banks and Financial Supervisors. London: The INSPIRE Sustainable Central Banking Toolbox, Policy Briefing Paper 12. SOAS Centre for Sustainable Finance; LSE Gratham Research Institute on Climate Change and the Environment.

Zucker-Marques, Marina and Volz, Ulrich (2023) Another Lost Decade or a Decade of Action? Debt Relief for a Green and Inclusive Recovery. London: Heinrich-Böll-Stiftung, Center for Sustainable Finance (SOAS University of London), Global Development Policy Center (Boston University).

Dikau, Simon, Robins, Nick, Smoleńska, Agnieszka, van ’t Klooster, Jens and Volz, Ulrich (2022) Net Zero Transition Plans: A Supervisory Playbook for Prudential Authorities. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science and SOAS Centre for Sustainable Finance, London School of Economics and Political Science.

Kraemer, Moritz and Volz, Ulrich (2022) Integrating Nature into Debt Sustainability Analysis. London: Finance for Biodiversity and SOAS Centre for Sustainable Finance.

Agarwala, Matthew, Burke, Matt, Klusak, Patrycja, Kraemer, Moritz and Volz, Ulrich (2022) Nature Loss and Sovereign Credit Ratings. London et al.: Finance for Biodiversity Initiative, SOAS Centre for Sustainable Finance, Bennett Institute for Public Policy at the University of Cambridge, University of East Anglia, Sheffield Hallam University.

Beirne, John, Dafermos, Yannis, Kriwoluzky, Alexander, Renzhi, Nuobu, Volz, Ulrich and Wittich, Jana (2021) The Effects of Natural Disasters on Price Stability in the Euro Area. London: SOAS Department of Economics Working Paper No. 244.

Dafermos, Yannis, Kriwoluzky, Alexander, Vargas, Mauricio, Volz, Ulrich and Wittich, Jana (2021) The Price of Hesitation: How the Climate Crisis Threatens Price Stability and What the ECB Must Do about It. Hamburg, Berlin and London: Greenpeace Germany; German Institute for Economic Research; and SOAS, University of London.

Volz, Ulrich, Akhtar, Shamshad, Gallagher, Kevin P., Griffith-Jones, Stephany, Haas, Jörg and Kraemer, Moritz (2021) Debt Relief for a Green and Inclusive Recovery: Securing Private-sector Participation and Creating Policy Space for Sustainable Development. Berlin, London, and Boston, MA: Heinrich-Böll-Stiftung; SOAS, University of London; and Boston University.

Dikau, Simon and Volz, Ulrich (2021) Out of the Window? Green Monetary Policy in China: Window Guidance and the Promotion of Sustainable Lending and Investment. Centre for Climate Change Economics and Policy Working Paper 388/Grantham Research Institute on Climate Change and the Environment Working Paper 360. London: London School of Economics.

Dikau, Simon, Robins, Nick and Volz, Ulrich (2021) Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science and Centre for Sustainable Finance, SOAS, University of London.

Heubaum, Harald and Volz, Ulrich (2021) Carbon Finance. Background Paper for the Asian Development Outlook 2021 on Financing a Green and Inclusive Recovery. Manila: Asian Development Bank.

Volz, Ulrich, Knaack, Peter, Nyman, Johanna, Ramos, Laura and Moling, Jeanette (2021) Inclusive Green Finance: from concept to practice (policy brief). Policy Brief. Kuala Lumpur and London: Alliance for Financial Inclusion and SOAS University of London.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2021) Local Currency Bond Markets, Foreign Investor Participation, and Capital Flow Volatility in Emerging Asia. ADBI Working Paper No. 1252. Tokyo: Asian Development Bank Institute.

Chen, Yushi and Volz, Ulrich (2021) Scaling Up Sustainable Investment through Blockchain-Based Project Bonds. ADBI Working Paper No. 1247. Tokyo: Asian Development Bank Institute.

Robins, Nick, Dikau, Simon and Volz, Ulrich (2021) Net-zero central banking: A new phase in greening the financial system. London: Grantham Research Institute on Climate Change and the Environment and Centre for Climate Change Economics and Policy, London School of Economics and Political Science, and Centre for Sustainable Finance, SOAS, University of London.

Volz, Ulrich, Knaack, Peter, Nyman, Johanna, Ramos, Laura and Moling, Jeanette (2020) Inclusive Green Finance: From Concept to Practice (reflection paper). Kuala Lumpur and London: Alliance for Financial Inclusion and SOAS University of London..

Volz, Ulrich (2020) Climate-proofing the Global Financial Safety Net. London, Rotterdam, and Bonn: SOAS Centre for Sustainable Finance, German Development Institute. (Unpublished)

Dikau, Simon, Robins, Nick and Volz, Ulrich (2020) A Toolbox of Sustainable Crisis Response Measures for Central Banks and Supervisors – Second Edition: Lessons from Practice. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science and SOAS Centre for Sustainable Finance.

Volz, Ulrich, Akthar, Shamshad, Gallagher, Kevin P., Griffith-Jones, Stephany, Haas, Jörg and Kraemer, Moritz (2020) Debt Relief for a Green and Inclusive Recovery. Berlin, London, and Boston, MA: Heinrich-Böll-Stiftung; SOAS, University of London; and Boston University.

Volz, Ulrich, Beirne, John, Ambrosio Preudhomme, Natalie, Fenton, Adrian, Mazzacurati, Emilie, Renzhi, Nuobu and Stampe, Jeanne (2020) Climate Change and Sovereign Risk. London, Tokyo, Singapore, Berkeley: SOAS University of London, Asian Development Bank Institute, World Wide Fund for Nature Singapore, Four Twenty Seven.

Volz, Ulrich and Ahmed, Sara Jane (2020) Macrofinancial Risks in Climate Vulnerable Developing Countries and the Role of the IMF – Towards a Joint V20-IMF Action Agenda. London, Rotterdam, and Bonn: SOAS Centre for Sustainable Finance, Global Center on Adaptation, and Munich Climate Insurance Initiative.

Dikau, Simon, Robins, Nick and Volz, Ulrich (2020) A Toolbox for Sustainable Crisis Response Measures for Central Banks and Supervisors. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science and SOAS Centre for Sustainable Finance.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2020) Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing. ADBI Working Paper No. 1160. Tokyo: Asian Development Bank Institute.

Beirne, John, Renzhi, Nuobu, Sugandi, Eric and Volz, Ulrich (2020) Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic. ADBI Working Paper No. 1158. Tokyo: Asian Development Bank Institute.

Gallagher, Kevin P., Gao, Haihong, Kring, William N., Ocampo, José Antonio and Volz, Ulrich (2020) Safety First: Expanding the Global Financial Safety Net in Response to COVID-19 [GEGI Working Paper 37]. Boston, MA: Global Development Policy Center, Boston University.

Beirne, John, Renzhi, Nuobu and Volz, Ulrich (2020) Persistent Current Account Imbalances: Are they Good or Bad for Regional and Global Growth? Tokyo: ADBI Working Paper No. 1094.

Semieniuk, Gregor, Campiglio, Emanuele, Mercure, Jean-Francois, Volz, Ulrich and Edwards, Neil R. (2020) Low-carbon Transition Risks for Finance. London: SOAS Department of Economics Working Paper No. 233.

Dikau, Simon and Volz, Ulrich (2020) Central Bank Mandates, Sustainability Objectives and the Promotion of Green Finance. London: SOAS Department of Economics Working Paper No. 232.

Kling, Gerhard, Volz, Ulrich, Murinde, Victor and Ayas, Sibel (2019) The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance. London: SOAS Centre for Sustainable Finance.

Belke, Ansgar and Volz, Ulrich (2018) The Yen Exchange Rate and the Hollowing-out of the Japanese Industry. Paris: École des hautes études en sciences sociales. CEAFJP Discussion Paper No. 18-03.

Dikau, Simon and Volz, Ulrich (2018) Central Banking, Climate Change and Green Finance. Tokyo: Asian Development Bank Institute. ADBI Working Paper No. 867.

Buhr, Bob, Volz, Ulrich, Donovan, Charles, Kling, Gerhard, Lo, Yuen C., Murinde, Victor and Pullin, Natalie (2018) Climate Change and the Cost of Capital in Developing Countries. London and Geneva: Imperial College London; SOAS University of London; UN Environment.

Tobin, Damian and Volz, Ulrich (2018) The Development and Transformation of the People’s Republic of China’s Financial System. Tokyo: Asian Development Bank Institute. ADBI Working Paper No. 825.

Volz, Ulrich (2018) Fostering Green Finance for Sustainable Development in Asia. Tokyo: Asian Development Bank Institute. ADBI Working Paper No. 814.

Belke, Ansgar and Volz, Ulrich (2018) Capital Flows to Emerging Market and Developing Economies. Global Liquidity and Uncertainty versus Country-Specific Pull Factors. Bonn: German Development Institute. DIE Working Paper No. 23/2018.

Kling, Gerhard, Lo, Yuen C., Murinde, Victor and Volz, Ulrich (2018) Climate Vulnerability and the Cost of Debt. London: SOAS University of London. Mimeo.

Belke, Ansgar, Dubova, Irina and Volz, Ulrich (2017) Bond Yield Spillovers from Major Advanced Economies to Emerging Asia. London: SOAS University of London. Department of Economics Working Paper No. 203.

Volz, Ulrich (2017) On the Role of Central Banks in Enhancing Green Finance. Geneva: UN Environment Inquiry Working Paper 17/01.

Dafe, Florence, Essers, Dennis and Volz, Ulrich (2017) Localising Sovereign Debt: The Rise of Local Currency Bond Markets in Sub-Saharan Africa. London: SOAS University of London. Department of Economics Working Paper No. 202.

Saiki, Ayako, Chantapacdepong, Pornpinun and Volz, Ulrich (2016) Dealing with Quantitative Easing Spillovers in East Asia: The Role of Institutions and Macroprudential Policy. Tokyo: Asian Development Bank Institute Working Paper No. 604.

Volz, Ulrich (2015) Effects of Financial System Size and Structure on the Real Economy. What Do We Know and What Do We Not Know? Geneva: UNEP Inquiry into the Design of a Sustainable Financial System.

Volz, Ulrich (2015) Towards a Sustainable Financial System in Indonesia. Geneva: UNEP Inquiry into the Design of a Sustainable Financial System.

Marino Lopez, Roberto and Volz, Ulrich (2012) A Critical Review of the IMF's Tools for Crisis Prevention. Bonn: Deutsches Institut für Entwicklungspolitik [German Development Institute]: Discussion Paper 4.

Volz, Ulrich (2012) The Need and Scope for Strengthening Co-operation between Regional Financing Arrangements and the IMF. Bonn: Deutsches Institut für Entwicklungspolitik [German Development Institute]: Discussion Paper 15.

Reade, J. James and Volz, Ulrich (2010) Chinese Monetary Policy and the Dollar Peg. Free University Berlin, School of Business and Economics.

Reade, J. James and Volz, Ulrich (2009) Too Much to Lose, or More to Gain? Should Sweden Join the Euro? Oxford: Department of Economics, University of Oxford. Discussion Paper No. 442.

Volz, Ulrich (2006) Economic Cooperation in ASEAN and the Rise of China. New Haven, CT: Yale University.

Volz, Ulrich (2004) European Financial Integration and the Financing of Local Businesses in the New EU Member States. London: European Bank for Reconstruction and Development.

Book Reviews

Volz, Ulrich (2017) 'Review of: Financial Deepening and Post-Crisis Development in Emerging Markets: Current Perils and Future Dawns, Aleksandr V. Gevorkyan and Otaviano Catuno (eds). Palgrave Macmillan, 2016.' Jahrbucher fur Nationalokonomie und Statistik, 237 (4). pp. 343-345.

Volz, Ulrich (2015) 'The Rise of the People's Bank of China: The Politics of Institutional Change. By Stephen Bell and Hui Feng.' Journal of Contemporary Asia, 45 (2). pp. 364-365.

Volz, Ulrich (2013) 'East Asian Capitalism: Diversity, Continuity, and Change. Edited by Andrew Walter and Xiaoke Zhang . Oxford: Oxford University Press, 2012.' The China Quarterly, 213 (1). pp. 215-217.

Volz, Ulrich and Wolff, Peter (2009) 'Taking Africa Beyond Aid.' The Guardian .

Volz, Ulrich (2008) 'Identity and Violence. The Illusion of Destiny. By Amartya Sen.' Journal of Intercultural Studies, 29 (4). pp. 429-432.

Volz, Ulrich (2006) 'Exchange Rates Under the East Asian Dollar Standard. Living with Conflicted Virtue. By Ronald McKinnon.' The Economic Journal, 116 (509). F167-F169.

Volz, Ulrich (2006) 'East Asian Economic Regionalism. By Edward J. Lincoln.' Yale Journal of International Affairs, 1 (2). pp. 176-179.

Opinion Pieces / Media / Blogs

Zucker-Marques, Marina, Volz, Ulrich and Gallagher P., Kevin (2023) We need to talk about super-seniority. Financial Times [Opinion Pieces / Media / Blogs]

Volz, Ulrich and Zucker-Marques, Marina (2023) Multilateral Development Banks Must Participate in Debt Relief. Project Syndicate [Opinion Pieces / Media / Blogs]

Tanner, Thomas and Volz, Ulrich (2020) COVID-19 – Five lessons for improving future economic and social resilience. Global Dashboard [Opinion Pieces / Media / Blogs]

Monasterolo, Irene and Volz, Ulrich (2020) A Covid-19 Recovery Plan that Supports the EU’s Green Deal. The Banker [Opinion Pieces / Media / Blogs]

Monasterolo, Irene and Volz, Ulrich (2020) EU Virus Response to Shape Climate Action. OMFIF [Opinion Pieces / Media / Blogs]

Volz, Ulrich (2020) Wie eine Finanzkrise in Entwicklungs- und Schwellenländern verhindert werden kann. Makronom [Opinion Pieces / Media / Blogs]

Monasterolo, Irene and Volz, Ulrich (2020) How to Finance Virus Response in a Sustainable Way? Scale Up Synergies with the Green Deal. Euroactive [Opinion Pieces / Media / Blogs]

Volz, Ulrich (2020) Das wird über Leben und Tod vieler Menschen entscheiden. DIE ZEIT [Opinion Pieces / Media / Blogs]

Gallagher, Kevin P., Ocampo, José Antonio and Volz, Ulrich (2020) IMF Special Drawing Rights: A Key Tool for Attacking a COVID-19 Financial Fallout in Developing Countries. Future Development, Brookings Institution [Opinion Pieces / Media / Blogs]

Gallagher, Kevin P., Ocampo, José Antonio and Volz, Ulrich (2020) It’s time for a major issuance of the IMF’s Special Drawing Rights. Financial Times [Opinion Pieces / Media / Blogs]

Volz, Ulrich (2019) Central Bankers who Ignore Climate Change are Not Doing their Job. Financial Times [Opinion Pieces / Media / Blogs]

Other

Espinosa, María Fernanda, Volz, Ulrich and Li, Yuefen (2022) 'The Debt-Climate Nexus.' New York: Project Syndicate, 13 December.

Kraemer, Moritz, Volz, Ulrich and Schoenmaker, Dirk (2022) 'Build Now, Pay Later: Frontloading Poor Countries’ Climate Mitigation Investment.' VoxEU Column, 11 October . London: Centre for Economic Policy Research.

Volz, Ulrich (2022) 'The Debt and Climate Crises Are Escalating – It Is Time to Tackle Both.' Future Development . Washington, DC: Brookings Institution.

Volz, Ulrich, Berensmann, Kathrin, Dikau, Simon, Griffith-Jones, Stephany, Lacavaro, Anthony and Monasterolo, Irene (2022) 'Scaling up Sustainable Finance to Enable Sustainable Economic Recoveries.' In: T7 Sustainable Economic Recovery Task-Force Policy Brief. Tulpenfeld: T7 Germany.

Volz, Ulrich (2022) 'A Green Strategy to Defuse the "Debt Bomb".' ISPI Online, 28 April . Milano: Istituto per gli Studi di Politica Internazionale.

Volz, Ulrich, Berensmann, Kathrin, Burke, Sara, Gallagher, Kevin P., Griffith-Jones, Stephany, Kessler, Martin and Monasterolo, Irene (2022) 'Addressing the Debt Crisis in the Global South: Debt Relief for Sustainable Recoveries.' In: T7 Sustainable Economic Recovery Task-Force Policy Brief. Tulpenfeld: T7 Germany.

Steele, Paul, Patel, Sejal and Volz, Ulrich (2021) 'Creating a Resilience and Sustainability Trust (RST) at the IMF: How to Support Climate-vulnerable Countries.' London: Policy Note, London: International Institute for Environment and Development and SOAS Centre for Sustainable Finance.

Volz, Ulrich (2021) 'Die neue Schuldenkrise als Chance.' böll thema . Berlin: Heinrich-Böll-Stiftung.

Akhtar, Shamshad, Gallagher, Kevin P. and Volz, Ulrich (2020) 'The G20 Debt Plan Does Not Go Far Enough.' Project Syndicate, 24 November . New York: Project Syndicate.

Volz, Ulrich (2020) 'Investing in a Green Recovery: The pandemic is only a prelude to a looming climate crisis.' Finance and Development. September, 28-31. . Washington, DC: IMF.

Akhtar, Shamshad, Gallagher, Kevin P., Griffith-Jones, Stephany, Haas, Jörg and Volz, Ulrich (2020) 'The Need for Debt-for-Climate Swaps.' Project Syndicate, 17 August . New York: Project Syndicate.

Volz, Ulrich (2019) 'Why Two Degrees Matters to Central Banks.' Central Banking . London, UK: Central Banking Publications Ltd.

Volz, Ulrich and Buhr, Bob (2018) 'Climate Change Mitigation is a Good Investment.' IPE Magazine (November). London: IPE. p. 33.

Tobin, Damian and Volz, Ulrich (2018) 'Financial Development and Stability in the People’s Republic of China: Evaluating the Policy Challenges.' Asia Pathways . Tokyo: Asian Development Bank.

Volz, Ulrich (2018) 'Green Finance for Sustainable Investment.' Asia Pathways .

Volz, Ulrich (2018) 'Green Finance. Measures for Sustainable Investment.' Southeast Asian Infrastructure (April-May). pp. 49-50.

Belke, Ansgar, Dubova, Irina and Volz, Ulrich (2017) 'Monetary Policy Spillovers in Emerging Asia.' Asia Pathways .

Volz, Ulrich (2015) 'Renewable Energy: Abe’s Missing Arrow.' East Asia Forum .

Volz, Ulrich (2015) 'The Financial Sector Needs to be Driving the Green Transformation.' Asia Pathways .

Dafe, Florence and Volz, Ulrich (2015) 'Financing global development: The role of central banks.' DIE Briefing Paper (8). Bonn: German Development Institute.

Berensmann, Kathrin, Dafe, Florence, Lindenberg, Nannette and Volz, Ulrich (2015) 'Financing global development: The role of local currency bond markets in Sub-Saharan Africa.' DIE Briefing Paper (11/2015). Bonn: German Development Institute.

Ito, Hiro and Volz, Ulrich (2013) 'Addressing China's Macroeconomic Imbalances.' Econbrowser .

Ito, Hiro and Volz, Ulrich (2013) 'Correcting China's Macroeconomic Imbalances.' East Asia Forum:

Ito, Hiro and Volz, Ulrich (2013) 'Rebalancing the Chinese Economy.' China Forex . pp. 20-21.

Volz, Ulrich (2013) 'Less Capital Flowing May Make for Greater Stability.' Financial Times .

Volz, Ulrich (2012) 'Global Liquidity and the Challenges for Emerging Economies.' China Forex . pp. 26-27.

Gao, Haihong and Volz, Ulrich (2012) '中国是否准备好开放资本账户.' 新产经 . p. 728.

Volz, Ulrich (2012) 'Living with Global Liquidity.' Fair Observer .

Volz, Ulrich (2012) 'East Asia Can Learn from Europe's Mistakes.' Asia Pathways .

Mölders, Florian and Volz, Ulrich (2012) 'TPP Negotiations, Anticipatory Trade Creation, and Implications for European Trade Policy.' VoxEU.org .

Volz, Ulrich (2009) 'Why Developing Countries Need More Boring Finance.' Global Crisis Debate, VoxEU.org .

Volz, Ulrich (2009) 'International Support is Needed to Avoid a Debt Crisis in Developing and Emerging Market Countries.' Global Crisis Debate, VoxEU.org .

Volz, Ulrich (2009) 'Sovereign Debt Risk Looms Large This Year.' The Wall Street Journal .

Volz, Ulrich (2008) 'Europe Needs a United Approach to the Credit Crunch.' The Wall Street Journal . p. 27.

Volz, Ulrich (2008) 'Delinking from the Dollar.' Far Eastern Economic Review .

Volz, Ulrich (2005) 'Tact is Needed to Ensure Asian Currency Adjustments.' Financial Times . p. 16.

Volz, Ulrich (2005) 'Финансирование малых и средних предприятий в новых членах ЕС.' Beyond Transition, 16 (1). Washington, DC: The World Bank. p. 16.

Volz, Ulrich (2005) 'Financing Conditions for Small and Medium Enterprises in the New EU Member States.' Beyond Transition, 16 (1). Washington, DC: The World Bank. p. 15.

Volz, Ulrich (2004) 'Caution on Capital Markets Would Make Sense.' Financial Times . p. 14.

Volz, Ulrich (2004) 'Asian Co-operation is on the Increase.' Financial Times . p. 12.