CV

Prof. Dr. Yvan Lengwiler
Wirtschaftswissenschaftliche Fakultät
Finanzmärkte, Büro 5.37
Peter Merian-Weg 6
4002 Basel, Schweiz

You can reach me by email at yvan.lengwiler@unibas.ch.
phone: +41 61 207 3369
url: microfoundations.org

employment

professional engagements

  • University of Basel: tenure track 2001-2005, full professor afterwards.
  • Dean of the Faculty of Business and Economics from 2013 to 2016.
  • Swiss Financial Market Authority (FINMA): Member of the Board 2012 to 2019. Member of nomination committee and take-over committee.
  • Swiss National Bank: 1994-1997 Economist, 1997-2000 Senior Economist, 2000-2001 Economic Adviser in the Monetary Research Division.
  • Pension Funds: Vice-President of the investment committee of the pension fund of the government personnel of Basel (pension fund of Kanton Basel-Stadt PKBS, CHF 12 billion), since 2004. Member of the investment committee of the pension fund of the department store Manor (CHF 2 billion).
  • Member of the board and the investment committee of the charitable foundation Max Geldner-Stiftung.

visiting positions

  • Visiting Researcher at the Bank of England, Spring/Summer 2017.
  • Research Fellow of the Bank for International Settlements (BIS), Sep to Dec 2011.
  • Visiting Researcher, Division of Monetary Affairs, Board of Governors of the Federal Reserve System, Washington, DC, USA, Aug 1997 to Jul 1998.

policy work

  • Founder of The SNB Observatory, December 2020.
  • Hearing of the Swiss Federal Council on “Monetary Policy and Crypto Currencies,” October 2019.
  • Hearing of the Senate Committee WAK-S (Switzerland) on “Too Big To Fail” legislation, May 10, 2011.

education

  • venia docendi (Nationalökonomie), University of Basel, 2004.
  • Dr. oec. (Ph.D. Economics), University of St.Gallen, 1994.
  • Graduate studies at the University of St.Gallen, at the Study Center Gerzensee, and at the Federal Institute of Technology in Zürich, 1988-1993. Visiting graduate student at Princeton University, NJ, USA, 1989/90.

academic services

services to academic societies or institutions

  • President of the Swiss Society for Economics and Statistics (2017 to 2019).
  • Organizer of the 2015 Annual Meeting of the Swiss Society of Economics and Statistics.
  • Member of the executive committee of the Swiss Society of Economics and Statistics ,
    since (since 2011).
  • Member of the foundation council of the Study Center Gerzensee (since 2011).

editorial work

  • Organizer of the annual conference of the Swiss Society of Economics and Statistics, 2015.
  • Editor, Journal of Institutional and Theoretical Economics (2008 to 2011).
  • Associate Editor, European Economic Review (2007 to 2013).
  • Referee for the Canadian Research Council (2003).
  • Referee for MIT Press (2007).
  • Member of the board or referee for the following conferences: European Financial Management Association Conference (2016), Young Swiss Economists Meeting (2012), Tagung des Vereins für Socialpolitik (2006), European Financial Management Association Meeting (2004), Swiss Society of Economics and Statistics (2004).

doctoral students

  • Marina Misev (current student).
  • Jorma Schäublin (2020).
  • Kumar Rishabh  (2020).
  • Dominic Herzog (2015), ricardo.ch auction website.
  • Samuel Häfner (2014), University of St.Gallen.
  • Nicole Allenspach (2013), Swiss National Bank.
  • Bénédict von Scarpatetti (2010), Swiss National Bank.
  • Michael Bolliger (2010), UBS.
  • Cédric Wasser (2009), Humboldt University.
  • Dragan Ilić (2008), University of Basel.

academic publications

books

Microfoundations of Financial Economics: An Introduction to General Equilibrium Asset Pricing, Princeton Series in Finance (D. Duffie and S. Schaefer, eds.), Princeton University
Press, 2004.

Bilateral Economies: A Game Theoretic Analysis of General Economic Equilibrium, Dissertation #1554, University of St.Gallen, 1994.

articles

“Blacking Out,” Swiss Journal of Economics and Statistics 156(7), 1-10.

“The U.S. Tax Program for Swiss banks: what determined the penalties?” with Albana Saljihaj, Swiss Journal of Economics and Statistics, December 2019.

“Regulation and contagion of banks,” with Dietmar Maringer, Journal of Banking Regulation, September 2013.

“The financial crisis and the changing dynamics of the yield curve,” with Morten Bech, in BIS Papers No 65 Threat of fiscal dominance? A BIS/OECD workshop on policy interactions between fiscal policy, monetary policy and government debt management after the financial crisis Basel, 2 December 2011, Monetary and Economic Department May 2012

“Intelligible Factors for the Yield Curve,” with Carlos Lenz, Journal of Econometrics 157 (2), August 2010, 481-491.

“Auctions and Corruption: An Analysis of Bid Rigging by a Corrupt Auctioneer,” with Elmar Wolfstetter, Journal of Economic Dynamics & Control 34 (10), October 2010, 1872-1892.

“Heterogeneous Patience and the Term Structure of Real Interest Rates,” American Economic Review 95 (3), June 2005, 890-896.

“Learning from Financial Markets: Auctioning Tariff Rate Quotas in Agricultural Trade,” with Robert Joerin, Swiss Journal of Economics and Statistics 140 (4), December 2004, 521-541.

“Fraudulent Accounting and Other Doping Games,” with Aleksander Berentsen, Journal of Institutional and Theoretical Economics 160 (3), September 2004, 402-415.

“A Monetary Policy Simulation Game for the Classroom,” Journal of Economic Education 35 (2), Spring 2004, 175-183.

“Payment Obligations, Liquidity Management, and the Demand for Central Bank Balances,” with Daniel Heller, Journal of Monetary Economics 50 (2), March 2003, 419-432.

“Optimal Discretion,” with Athanasios Orphanides, Scandinavian Journal of Economics 104 (2), June 2002, 261-276.

“Should the Treasury Price Discriminate? A Procedure for Computing Hypothetical Bid Functions,” with Daniel Heller, Journal of Institutional and Theoretical Economics 157(3), September 2001, 413-429.

“Die Schweizer UMTS Auktion,” Swiss Journal of Economics and Statistics 137 (2), June 2001, 199-208.

“MoPoS — A Monetary Policy Simulation Game,” Quarterly Bulletin of the Swiss National Bank, March 2001, 38-53.

“The Multiple Unit Auction with Variable Supply,” Economic Theory 14 (2), 1999, 373-392.

“Endogenous Endowments and Equilibrium Starvation in a Walrasian Economy,” Journal of Mathematical Economics 30 (1), 1998, 37-58.

“A Model of Money Counterfeits,” Journal of Economics 65 (2), 1997, 123-132.

“Der ‘Monetary Conditions Index’ für die Schweiz,” Quarterly Bulletin of the Swiss National Bank, March 1997, 61-72.

contributions to collective volumes

“Wozu 1000er Noten?” in Monetary Economic Issues Today — Festschrift für Ernst Baltensperger, Juni 2017.

“The Origins of Expected Utility Theory,” in: Vinzenz Bronzin’s Option Pricing Models, Exposition, and Appraisal (Wolfgang Hafner and Heinz Zimmermann, eds.), Springer, 2009.

“Corruption in Procurement Auctions,” with Elmar Wolfstetter, in: Handbook of Procurement Theory and Practice for Managers, (Dimitri, Piga, and Spagnolo, eds.), Cambridge University Press, 2006, 412-429.

“On Some Auction Rules for Amicable Divorce in Equal Share Partnerships,” with Elmar Wolfstetter, in: Das Ethische in der Ökonomie: Festschrift zum 60. Geburtstag von Hans G. Nutzinger (Thomas Beschorner and Thomas Eger, eds.), Marburg: Metropolis Verlag, 2005, 199-211.

defunct papers

Here I list some papers that, for one reason or another, never made it into a publication.

“The Great Convergence,” with Peter Kugler and Tobias Straumann, 2013.

“Asset Pricing in Heterogeneous Economies I: Weak Heterogeneity,” with Semyon Malamud and Eugene Trubowitz, January 2006. This is an excerpt of a larger working paper: “Asset Pricing in Heterogeneous Economies,” with Semyon Malamud and Eugene Trubowitz, ETH D MATH Working Paper.

“Market Demand for Treasury Securities,” with Sigbjorn Atle Berg, Benzion Boukai, and Michael Landsberger, 2000.

“Certainty Equivalence and the Positively Sloped Long Run Phillips Curve,” Finance and Economics Discussion Series 19 98 36, Board of Governors of the Federal Reserve System.

“A Discrete Model of Discriminatory Price Auctions: An Alternative to Menezes-Monteiro,” with Hans Haller, Finance and Economics Discussion Series 1998 8, Board of Governors of the Federal Reserve System.