Otmar Issing, the bank's chief economist, argues that central banks cannot afford to ignore asset prices and credit.

ECONOMIST: Yesterday's financial architecture needs refurbishing

It is also ironic that you cite Otmar Issing, chief economist of the European Central Bank, as a credible expert on such matters.

ECONOMIST: Pressure on inflation

EU. Otmar Issing, now chief economist at the European Central Bank, used to be sceptical of the very idea of a single European currency.

ECONOMIST: Charlemagne

After he published his 1999 report, Otmar Issing, then an influential ECB member, countered Mr. Buiter's skepticism with his own report called "Willem in Wonderland".

WSJ: Citi's Provocateur in Residence

Last week Otmar Issing, a former member of the ECB's executive board, pointed out that eurobonds would lead to higher rates for countries like Germany.

BBC: Eurozone crisis: What Germany can learn from Italy

In a recent article in the Wall Street Journal, Otmar Issing, the chief economist at the European Central Bank, argued that central banks cannot afford to ignore asset prices.

ECONOMIST: The American economy