Scientific council

Svend E. Hougaard Jensen

Chair of the Scientific Council

Svend E. Hougaard Jensen is Professor of Economics and Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. He holds an MSc (Econ) degree (University of Aarhus, DK), an MA (Econ) degree (University of Manchester, UK) and a PhD (Econ) degree (London Business School, UK).  Before joining CBS, he was a professor of economics at the University of Southern Denmark and an associate professor of economics at theUniversity of Copenhagen. On leave from academia, he has served as head of the Division of Economic Analysis within the Danish Ministryof Economic and Business Affairs. His research has focused on monetary unification and fiscal policy in Europe, generational and macroeconomic effects of changing demographics, pensions and social security, structural reforms and macroeconomic policy more generally. He has published widely on these issues in scholarly journals and books. He has served as a consultant to the World Bank, the European Commission and other government agencies. Finally, he has been a member of the Danish Council for Research Policy, a body which advises the Danish government and parliament on research policy.

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Policy Contribution

Should Denmark and Sweden join the banking Union?

Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.

By: Dirk Schoenmaker and Svend E. Hougaard Jensen Topic: Finance & Financial Regulation Date: June 24, 2020