PhD in Economics
Senior Lecturer at the New Economic School (NES)

Carsten is a Senior Lecturer of Finance at the New Economic School, Moscow. He holds a PhD in Economics from Universitat Pompeu Fabra in Barcelona, Spain. Until 2017, he worked as a Lecturer and Head of the International Laboratory in Financial Economics at the Higher School of Economics. His research interests include corporate finance and governance, companies’ ownership structure, credit risk models, and banking. Carsten has 15 years of teaching experience in all areas of Finance, including Corporate Finance, Corporate Governance, Introduction to Finance, Investments, Credit Risk, Asset Pricing, and Empirical Finance. He increasingly uses data analysis in R and Python in order to link theory and hands-on experience with real-world data in his courses.
Over the last six years, Carsten has been consulting RAEX Europe GmbH in Frankfurt, a new credit rating agency, on the upgrade of their rating methodologies as well as on the introduction of new ones, in particular in the area of ESG. He has also taught bank executives on topics such as Derivatives and Credit Risk. Carsten is a native speaker of German and speaks English, Spanish and Russian fluently. Due to his work experience and research, he is particularly familiar with the economies of Russia, the CIS, Eastern Europe, and Germany.

Recent publications by Carsten include “Corporate Governance and Investment-Cash Flow Sensitivity: Evidence from Russian Unlisted Firms” (with Olga Lazareva, Journal of Comparative Economics, 2022) and “Limited Demand, Limited Supply – Corporate Governance and Sustainability in Russia” (in The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability, edited by Beate Sjåfjell and Christopher M. Bruner, Cambridge University Press, 2019).