Fabian Wagner
Macro Prud Policy&Financial Stability
- Division
Market-Based Finance
- Current Position
Financial Stability Analyst
- Fields of interest
Financial Economics,Other Special Topics
- Education
- 2022-2024
M.Sc. Business Administration/Finance, Ludwig Maximilians Universität, Munich, Germany
- 2019-2022
B.Sc. Business Administration/Finance, Ludwig Maximilians Universität, Munich, Germany
- Professional experience
- 2026-
European Central Bank | Financial Stability Analyst DG-MF - Market based Finance (Jan. 2026 - present)
- 2025-2025
European Central Bank | Traineeship DG-MF - Market based Finance (12 months)
- 2022-2023
Ludwig Maximilians Universität - Institute of Electronic Commerce and Digital Markets | Student Research Assistant (part-time - 6 months)
- 2022-2022
Deloitte GmbH | Internship - M&A Deal Advisory (Operational Transaction Service) (2 months)
- 2021-2021
KPMG AG Wirtschaftsprüfungsgesellschaft | Internship - Finance Treasury Management (2 months)
- 2020-2020
WTS Group AG - Tax Consulting | Internship - Transfer Pricing & Financial Advisory (2 months)
- 26 November 2025
- FINANCIAL STABILITY REVIEW - BOXFinancial Stability Review Issue 2, 2025Details
- Abstract
- This box examines the stabilising role of household investors for investment funds during market stress, with a focus on the April 2025 market turmoil. Households’ long-term investment strategies make them less sensitive to market volatility, which can enhance fund resilience. An analysis of the April 2025 market turmoil and other past market downturns reveals that funds held by households experienced smaller outflows than those dominated by institutional or foreign investors. Following the April 2025 market sell-off, households also reinvested more quickly, further stabilising fund liquidity.
- JEL Code
- D14, G11, G23, G40, G50 : Microeconomics→Household Behavior and Family Economics→Household Saving; Personal Finance
- 2024
- Financial Innovation
- Wagner, F.