Ulrich Volz is Professor of Economics and Director of the Centre for Sustainable Finance at SOAS University of London.
He is also a Senior Research Fellow at the German Institute of Development and Sustainability, Visiting Professor at the London School of Economics and Political Science, Honorary Professor of Economics at the University of Leipzig, Research Fellow at the Centre for Economic Policy Research, and Fellow at DIW Berlin.
At SOAS, he previously served as Head of the Department of Economics and Member of the University’s Executive Board. Ulrich is academic director of the University Network for Strengthening Macrofinancial Resilience to Climate and Environmental Change, and a co-chair of the Debt Relief for a Green and Inclusive Recovery initiative. He serves on the Economic Advisory Network of the German Federal Ministry for Economic Cooperation and Development, the advisory panel of the Glasgow Financial Alliance for Net Zero (GFANZ), the International Advisory Committee for the Climate/SDGs Debt Swap Mechanism of the UN Economic and Social Commission for Western Asia (UN ESCWA), and the Alliance for Financial Inclusion’s Research Advisory Council for Inclusive Green Finance.
Ulrich was Banque de France Chair at the École des Hautes Études en Sciences Sociales (EHESS) in Paris, and 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 European Central Bank and European Bank for Reconstruction and Development 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 served as co-chair of the Global Research Alliance for Sustainable Finance and Investment and was a member of the Sustainable Finance Advisory Committee of the German Federal Government, the UN Inquiry into the Design of a Sustainable Financial System, the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability, and the World Bank’s Green Recovery Monitoring and Evaluation Technical Working Group.
In 2024, Ulrich was appointed by the Brazilian G20 Presidency to the Group of Experts of the G20 Taskforce on a Global Mobilization against Climate Change (TF-CLIMA). He has acted as an advisor or consultant to numerous governments, central banks, international organisations (including the International Monetary Fund, the World Bank, the Asian Development Bank and the United Nations) and development agencies on matters of macroeconomic policy, climate risk and sustainable finance, and financial sector development.
Ulrich obtained a doctorate in economics from Freie Universität Berlin and was a Fox International Fellow and Max Kade Scholar at Yale University.
The Macroeconomic Challenges in Emerging Market Economies: An In-Depth Investigation into the Domestic Economic Effects of Sovereign Debt Default and the Nexus between Income Inequality and the Sovereign Credit Risk, with an Empirical Focus on Brazil
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, Jahrbücher für Nationalökonomie und Statistik (237), 4, pp 343-345
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.
The Role of Finance in Greening Economic Development
Volz, Ulrich and Aitken, Damon (2025). In: Mathews, John A., (eds.) and Oqubay Metiku, Arkebe, (eds.), The Oxford Handbook on the Greening of Economic Development. Oxford: Oxford University Press, pp 295-318
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
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
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
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
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 Nature, pp 601-625
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 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
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 Nature, pp 81-102
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
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
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. London ; 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
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
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
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
The Impacts of Disasters on Capital Flows, International Reserves and Exchange Rates: Implications for Public Sector Financial Risk Management and Development Lenders
A Green and Just Planet. The 1.5°C Agenda for Governing Global Industrial and Financial Policies in the G20. Independent Report of the G20 TF‑CLIMA Group of Experts
Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement
Zucker-Marques, Marina, Gallagher, Kevin P. and Volz, Ulrich (2024). Boston, London, Berlin: (Boston University Global Development Policy Center; Centre for Sustainable Finance, SOAS, University of London; Heinrich Böll Foundation)
Sunrise and Sunset – Accelerating Coal Phase-down and Green Energy Deployment in Vietnam: A Political Economy Analysis
Wengel, Florian, Nedopil, Christoph and Volz, Ulrich (2023). Shanghai and London: (Green Finance and Development Center of the Fanhai International School of Finance at Fudan University ; and Centre for Sustainable Finance, SOAS University of London)
Debt Relief by Multilateral Development Banks: Why, How and How Much?
Zucker-Marques, Marina, Volz, Ulrich and Gallagher, Kevin P. (2023). London, Berlin, Boston: (Boston University Global Development Policy Center; Centre for Sustainable Finance, SOAS University of London; Heinrich-Böll-Stiftung)
Inclusive Green Finance: A New Agenda for Central Banks and Financial Supervisors
Volz, Ulrich and Knaack, Peter (2023). London: (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)
Enhancing Digital Sustainable Finance: Digital Solutions to Mobilise Capital, Assess Environmental Risks and Enhance Financial Inclusion
Dikau, Simon, Haahr, Marianne and Volz, Ulrich (2022). Jakarta: (T20 Indonesia 2022 (T20 Policy Brief Task Force 9: Global Cooperation for SDG Financing))
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 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; the German Institute for Economic Research; and the Centre for Sustainable Finance at 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:
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)
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)
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. INSPIRE Briefing Paper)
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)
