Department of Economics
Professor of Economics
Centre for Sustainable Finance
Centre Director
China Institute
Academic Staff, SOAS China Institute
Japan Research Centre
Academic Staff, Japan Research Centre
Centre of South East Asian Studies
Academic Staff, Centre of South East Asian Studies
Steering Committee Member
He is also a Senior Research Fellow at the German Institute of Development and Sustainability (IDOS), Visiting Professor at the London School of Economics and Political Science, and Honorary Professor of Economics at the University of Leipzig.
He serves on the Sustainable Finance Advisory Committee of the German Federal Government, the advisory panel of the Glasgow Financial Alliance for Net Zero (GFANZ), and the advisory committee for the Climate/SDGs Debt Swap Mechanism of the UN Economic and Social Commission for Western Asia. Ulrich was Banque de France Chair at EHESS in Paris, and also taught at Peking University, Kobe University, Hertie School of Governance, Freie Universität Berlin, Central University of Finance and Economics, and the Institute of Developing Economies (IDE-JETRO).
He spent stints working at the ECB and EBRD and held visiting positions at the University of Oxford, University of Birmingham, Aoyama Gakuin University, ECB, Bank Indonesia, Bank Negara Malaysia and the Asian Development Bank Institute, where he previously served on the Advisory Council. Ulrich was part of the UN Inquiry into the Design of a Sustainable Financial System, a member of the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability, and a member of the World Bank’s Green Recovery Monitoring and Evaluation Technical Working Group.
He has acted as an advisor to several governments, central banks, international organisations and development agencies on matters of macroeconomic policy, sustainable finance and development.
Research interests
International Finance, Open Economy Macroeconomics, Financial Market Development and Stability, Development and Transition Economics, Global Economic Governance, East Asian Financial Markets.
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.
Volz, Ulrich (2017). Jahrbucher fur Nationalokonomie und Statistik (237) 4, pp 343-345
Scaling Up Sustainable Finance and Investment in the Global South: Introduction
Schoenmaker, Dirk and Volz, Ulrich (2022). In: Schoenmaker, Dirk, (eds.) 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). In: Schoenmaker, Dirk, (eds.) and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp 281-302
Knaack, Peter and Volz, Ulrich (2022). In: Schoenmaker, Dirk, (eds.) and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp 149-160
The Role of Central Banks and Supervisors in Scaling Up Sustainable Finance and Investment in the Global South
Volz, Ulrich, Dikau, Elena, Almeida, Elena and Robins, Nick (2022). In: Schoenmaker, Dirk, (eds.) and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp 109-132
Harnessing the Potential of Digital Finance for Financing Sustainable Development
Dikau, Simon, Haahr, Marianne and Volz, Ulrich (2022). In: Schoenmaker, Dirk, (eds.) and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South. London: CEPR Press, pp 161-171
Institutional Mechanisms for Scaling Up Finance for the SDGs in ASEAN: Lessons from the European Union
Volz, Ulrich (2022). In: Venkatachalam, Anbumozhi, (eds.), Kalirajan, Kaliappa, (eds.) and Kimura, Fukunari, (eds.), Sustainable Development Goals and Pandemic Planning: Role of Efficiency Based Regional Approaches. Heidelberg and New York: Springer, pp 601-625
The IMF and the Macro-Criticality of Climate Change
Volz, Ulrich (2021). In: Gallagher, Kevin P., (eds.) and Gao, Haihong, (eds.), Building Back a Better Global Financial Safety Net. Boston, MA: Global Development Policy Center, Boston University, pp 108-118
Avoiding Too Little, Too Late: Debt Relief for a Green and Inclusive Recovery
Volz, Ulrich (2021). In: Gallagher, Kevin P., (eds.) and Gao, Haihong, (eds.), Building Back a Better Global Financial Safety Net. Boston, MA: Global Development Policy Center, Boston University, pp 88-95
The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending
Montgomery, Heather and Volz, Ulrich (2020). In: Stenfors, Alexis, (eds.) and Toporowski, Jan, (eds.), Unconventional Monetary Policy and Financial Stability: The Case of Japan. London and New York: Routledge, pp 38-53
Dikau, Simon and Volz, Ulrich (2019). In: Sachs, Jeffrey, (eds.), Woo, Wing Thye, (eds.), Yoshino, Naoyuki, (eds.) and Taghizadeh-Hesary, Farhad, (eds.), Springer Handbook of Green Finance: Energy Security and Sustainable Development. Heidelberg and New York: Springer, pp 81-102
The Development and Transformation of the Financial System in the People's Republic of China
Tobin, Damian and Volz, Ulrich (2019). In: Volz, Ulrich, (eds.), Morgan, Peter J., (eds.) and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. Routledge: London and New York, pp 15-38
Fostering Green Finance for Sustainable Development in Asia
Volz, Ulrich (2019). In: Volz, Ulrich, (eds.), Morgan, Peter J., (eds.) and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp 488-504
Introduction: Characteristics of Asian Financial Systems in Comparative Perspective
Morgan, Peter J., Volz, Ulrich and Yoshino, Naoyuki (2019). In: Volz, Ulrich, (eds.), Morgan, Peter J., (eds.) and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp 1-12
Jinjarak, Yothin and Volz, Ulrich (2019). In: Volz, Ulrich, (eds.), Morgan, Peter J., (eds.) and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp 179-200
The Development and Transformation of the Financial System in the People’s Republic of China
Tobin, Damian and Volz, Ulrich (2018). In: Volz, Ulrich, (eds.), Morgan, Peter J., (eds.) and Yoshino, Naoyuki, (eds.), Routledge Handbook of Banking and Finance in Asia. London and New York: Routledge, pp 15-38
Navigating the Trilemma – Central Banking in East Asia between Inflation Targeting, Exchange Rate Management and Guarding Financial Stability
Volz, Ulrich (2015). In: Bälz, Moritz, (eds.), Hilpert, Hanns Günther, (eds.) and Rövekamp, Frank, (eds.), Central Banks, Financial Stability and Legal Issues in East Asia. Heidelberg and New York: Springer, pp 157-167
RMB Internationalisation and Currency Co-operation in East Asia
Volz, Ulrich (2014). In: Hilpert, Hanns Günther, (eds.) and Rövekamp, Frank, (eds.), Currency Cooperation in East Asia. Heidelberg and New York: Springer, pp 57-81
Strengthening Cooperation between Regional Financing Arrangements and the International Monetary Fund
Volz, Ulrich (2013). 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). In: Volz, Ulrich, (ed.), Financial Stability in Emerging Markets: Dealing With Global Liquidity. Bonn: German Development Institute, pp 23-26
Volz, Ulrich (2012). In: Volz, Ulrich, (ed.), Financial Stability in Emerging Markets: Dealing With Global Liquidity. Bonn: German Development Institute, pp 1-7
Reade, J. James and Volz, Ulrich (2012). In: de Haan, Jakob, (eds.) and Cheung, Yin-Wong, (eds.), The Evolving Role of China in the Global Economy. Cambridge, MA: MIT Press, pp 265-299
McKay, Julie, Volz, Ulrich and Wölfinger, Regine (2011). In: Volz, Ulrich, (ed.), Regional Integration, Economic Development and Global Governance. Cheltenham: Edward Elgar, pp 234-253
When You Got Nothing, You Got Nothing to Lose: Monetary Integration and Monetary Policy Independence
Reade, J. James and Volz, Ulrich (2011). In: Volz, Ulrich, (ed.), Regional Integration, Economic Development and Global Governance. Cheltenham: Edward Elgar, pp 274-294
On the Choice of Exchange-rate Regimes for East Asia
Volz, Ulrich (2011). In: Cheung, Yin-Wong, (eds.), Kakkar, Vikas, (eds.) and Ma, Guonan, (eds.), The Evolving Role of Asia in Global Finance. Bingley: Emerald Group Publishing, pp 123-156
Case Studies of Environmental Risk Analysis Methodologies
Ma, Jun, (eds.), Caldecott, Ben, (eds.) and Volz, Ulrich, (eds.) (2020). Paris: Central Banks and Supervisors Network for Greening the Financial System.
Inclusive Green Finance: A New Agenda for Central Banks and Financial Supervisors
Volz, Ulrich and Knaack, Peter (2023). 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)
Another Lost Decade or a Decade of Action? Debt Relief for a Green and Inclusive Recovery
Zucker Marques, Marina and Volz, Ulrich (2023). London: (Heinrich-Böll-Stiftung, Center for Sustainable Finance (SOAS University of London), Global Development Policy Center (Boston University))
Net Zero Transition Plans: A Supervisory Playbook for Prudential Authorities
Dikau, Simon, Robins, Nick, Smoleńska, Agnieszka, van ’t Klooster, Jens and Volz, Ulrich (2022). 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)
Agarwala, Matthew, Burke, Matt, Klusak, Patrycja, Kraemer, Moritz and Volz, Ulrich (2022). 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)
The Effects of Natural Disasters on Price Stability in the Euro Area
Beirne, John, Dafermos, Yannis, Kriwoluzky, Alexander, Renzhi, Nuobu, Volz, Ulrich and Wittich, Jana (2021). London: (SOAS Department of Economics Working Paper No. 244)
The Price of Hesitation: How the Climate Crisis Threatens Price Stability and What the ECB Must Do about It
Dafermos, Yannis, Kriwoluzky, Alexander, Vargas, Mauricio, Volz, Ulrich and Wittich, Jana (2021). Hamburg, Berlin and London: (Greenpeace Germany; German Institute for Economic Research; and SOAS, University of London)
Debt Relief for a Green and Inclusive Recovery: Securing Private-sector Participation and Creating Policy Space for Sustainable Development
Volz, Ulrich, Akhtar, Shamshad, Gallagher, Kevin P., Griffith-Jones, Stephany, Haas, Jörg and Kraemer, Moritz (2021). Berlin, London, and Boston, MA: (Heinrich-Böll-Stiftung; SOAS, University of London; and Boston University)
Out of the Window? Green Monetary Policy in China: Window Guidance and the Promotion of Sustainable Lending and Investment
Dikau, Simon and Volz, Ulrich (2021). 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)
Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero
Dikau, Simon, Robins, Nick and Volz, Ulrich (2021). 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). Background Paper for the Asian Development Outlook 2021 on Financing a Green and Inclusive Recovery. Manila: (Asian Development Bank)
Inclusive Green Finance: from concept to practice (policy brief)
Volz, Ulrich, Knaack, Peter, Nyman, Johanna, Ramos, Laura and Moling, Jeanette (2021). Policy Brief. Kuala Lumpur and London: (Alliance for Financial Inclusion and SOAS University of London)
Net-zero central banking: A new phase in greening the financial system
Robins, Nick, Dikau, Simon and Volz, Ulrich (2021). 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)
Inclusive Green Finance: From Concept to Practice (reflection paper)
Volz, Ulrich, Knaack, Peter, Nyman, Johanna, Ramos, Laura and Moling, Jeanette (2020). Kuala Lumpur and London: (Alliance for Financial Inclusion and SOAS University of London.)
A Toolbox of Sustainable Crisis Response Measures for Central Banks and Supervisors – Second Edition: Lessons from Practice
Dikau, Simon, Robins, Nick and Volz, Ulrich (2020). 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). 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). London, Tokyo, Singapore, Berkeley: (SOAS University of London, Asian Development Bank Institute, World Wide Fund for Nature Singapore, Four Twenty Seven)
Macrofinancial Risks in Climate Vulnerable Developing Countries and the Role of the IMF – Towards a Joint V20-IMF Action Agenda
Volz, Ulrich and Ahmed, Sara Jane (2020). London, Rotterdam, and Bonn: (SOAS Centre for Sustainable Finance, Global Center on Adaptation, and Munich Climate Insurance Initiative)
A Toolbox for Sustainable Crisis Response Measures for Central Banks and Supervisors
Dikau, Simon, Robins, Nick and Volz, Ulrich (2020). London: (Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science and SOAS Centre for Sustainable Finance)
Safety First: Expanding the Global Financial Safety Net in Response to COVID-19 [GEGI Working Paper 37]
Gallagher, Kevin P., Gao, Haihong, Kring, William N., Ocampo, José Antonio and Volz, Ulrich (2020). Boston, MA: (Global Development Policy Center, Boston University)
Semieniuk, Gregor, Campiglio, Emanuele, Mercure, Jean-Francois, Volz, Ulrich and Edwards, Neil R. (2020). London: (SOAS Department of Economics Working Paper No. 233)
Climate Change and the Cost of Capital in Developing Countries
Buhr, Bob, Volz, Ulrich, Donovan, Charles, Kling, Gerhard, Lo, Yuen C., Murinde, Victor and Pullin, Natalie (2018). London and Geneva: (Imperial College London; SOAS University of London; UN Environment)
