Financial Intermedation
Die Abteilung Financial Intermediation setzt sich mit der Rolle von Mittlerinstitutionen am Kapitalmarkt auseinander, insbesondere Banken und Versicherungen, aber auch wenig oder nicht regulierte Marktteilnehmer wie Hedgefonds und sogenannte „Schattenbanken“. Ausgewählte Forschungsschwerpunkte sind die realwirtschaftlichen Folgen der Bankenregulierung, das Spannungsverhältnis von Stabilität und Wettbewerb sowie die Konsequenzen der Digitalisierung für die Geschäftsmodelle von Finanzintermediären.
Publikationen
| 2020 |
When Brussels meets shadow banking- technical complexity, regulatory agency and the reconstruction of the shadow banking chain |
Vanessa Endrejat, Matthias Thiemann Competition & Change | Financial Intermediation, Systemic Risk Lab | 2020 | |
| 2020 |
Politics of Banking in Europe: Global Banks and Domestic Institutional Legacies |
Elsa Massoc E-International Relations | Financial Intermediation | 2020 | |
| 2019 |
The Effect of Academic Literature on Accounting Regulation: Evidence from Leases in Germany |
Jan Friedrich Accounting History Review | Financial Intermediation | 2019 | |
| 2018 |
Foreign Investment, Sovereign Debt, and Human Rights |
Matthias Goldmann Sovereign Debt and Human Rights (Oxford University Press) | Financial Intermediation | Foreign direct investment, regulatory power, expropriation, socio-economic rights, linkages | 2018 |
| 2020 |
Private Authority in Tackling Cross-border Issues. The Hidden Path of Integrating European Energy Markets |
Burkard Eberlein, Sandra Eckert Journal of European Integration | Financial Intermediation | 2020 | |
| 2019 |
Whatever it Takes: The Real Effects of Unconventional Monetary Policy |
Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch Review of Financial Studies | Data Center, Financial Intermediation | 2019 | |
| 2018 |
Persistent Liquidity Shocks and Interbank Funding |
Marcel Bluhm Journal of Financial Stability | Financial Intermediation, Systemic Risk Lab | Financial fragility, Interbank market, Liquidity, Maturity, Network | 2018 |
| 2019 |
How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina |
Claudia Lambert, Felix Noth, Ulrich Schüwer Review of Finance | Financial Intermediation | catastrophic events, bank regulation, capital ratios, natural experiment | 2019 |
| 2018 |
Intended and Unintended Consequences of Government Credit Guarantee Programs |
Vasso Ioannidou, Jose Liberti, Thomas Mosk, Jason Sturgess Finance and Investment: The European Case (Oxford University Press) | Financial Intermediation | 2018 | |
| 2019 |
Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment |
Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix Review of Financial Studies | Financial Intermediation | Bank capital ratios, Bank regulation, Credit supply | 2019 |
| 2018 |
Too Complex to Work – A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime |
Tobias Tröger Journal of Financial Regulation | Financial Intermediation | 2018 | |
| 2017 |
Too-big-to-fail im Spannungsfeld von Wettbewerb und Regulierung |
Brigitte Haar Festschrift für Theodor Baums zum siebzigsten Geburtstag (Mohr Siebeck) | Financial Intermediation | 2017 | |
| 2016 |
Systemic Risk and Financial Interconnectedness: Network Measures and the Impact of the Indirect Effect |
Monica Billio, Michele Costola, Roberto Panzica, Loriana Pelizzon Systemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier) | Financial Intermediation, Systemic Risk Lab | systemic measures, connectedness measures, financial network, financial institutions, hedge funds, loss measures, quantile regressions, CoVaR, global network measures, local network measures, loss prediction, Settore SECS-P/05 - Econometria | 2016 |
| 2016 |
Sovereign Debt Sustainability as a Principle of Public International Law: An Incremental Approach to Sovereign Debt Restructuring |
Juan Pablo Bohoslavsky, Matthias Goldmann Yale Journal of International Law | Financial Intermediation | sovereign debt restructuring, international law, collective action clauses, debt sustainability, legal principles, holdout creditors, holdout litigation | 2016 |
| 2016 |
A Discourse Theoretical Approach to Sovereign Debt Restructuring: Towards a Democratic Financial Order |
Matthias Goldmann, Silvia Steininger German Law Journal | Financial Intermediation | democracy, finance, role of law, discourse theory, Habermas, sovereign debt, cleavages | 2016 |
| 2017 |
From Public International to International Public Law: Translating World Public Opinion into International Public Authority |
Matthias Goldmann, Ingo Venzke, Armin von Bogdandy European Journal of International Law | Financial Intermediation | international organizations, global governance, world public opinion, public authority, soft law | 2017 |
| 2017 |
International Investment Law and Financial Regulation: Towards a Deliberative Approach |
Matthias Goldmann International Investment Law and the Global Financial Architecture (Edward Elgar) | Financial Intermediation | international investment law, financial regulation, deliberation, monetary policy, sovereign debt | 2017 |
| 2018 |
Much Ado about Nothing? Macro-Prudential Ideas and the Post-Crisis Regulation of Shadow Banking |
Jan Friedrich, Matthias Thiemann Kölner Zeitschrift für Soziologie und Sozialpsychologie | Financial Intermediation | financial regulation, shadow banking, epistemic authority, private risk-management | 2018 |
| 2018 |
Competition and Bank Stability |
Martin Götz Journal of Financial Intermediation | Financial Intermediation | Risk, Stability, Competition, Contestability, Entry, Lending | 2018 |
| 2017 |
Structural Reforms in Banking: The Role of Trading |
Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer Journal of Financial Regulation | Financial Intermediation | banking, structural reforms, prohibition of proprietary trading, banking separation | 2017 |
| 2018 |
Rent-Seeking in Elite Networks |
Rainer Haselmann, David Schoenherr, Vikrant Vig Journal of Political Economy | Law and Finance, Financial Intermediation | - | 2018 |
| 2013 |
Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of US Banks |
Martin Götz, Luc Laeven, Ross Levine Review of Financial Studies | Financial Intermediation | 2013 | |
| 2017 |
Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis |
Florian Hett, Alexander Schmidt Journal of Financial Economics | Financial Intermediation, Transparency Lab, Experiment Center | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline | 2017 |
| 2016 |
Banking Beyond Banks and Money. A Guide to Banking Services in the Twenty-First Century |
Tomaso Aste, Loriana Pelizzon, Nicolas Perony, Paolo Tasca Banking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century (Springer) | Financial Intermediation, Systemic Risk Lab | 2016 | |
| 2018 |
To Ring-Fence or Not, and How? Strategic Questions for Post-Crisis Banking Reform in Europe |
Jens-Hinrich Binder forthcoming in European Banking Regulation (CH Beck) | Financial Intermediation | 2018 | |
| 2015 |
Komplexitätsbewältigung durch Verwaltungsverfahren? |
Jens-Hinrich Binder Zeitschrift für das gesamte Handels- und Wirtschaftsrecht | Financial Intermediation | 2015 | |
| 2014 |
A Time Varying Performance Evaluation of Hedge Fund Strategies through Aggregation |
Monica Billio, Lorenzo Frattarolo, Loriana Pelizzon Bankers, Markets and Investors | Financial Intermediation, Systemic Risk Lab | Extra performances, Hedge funds, Markov switching models, Financial crises | 2014 |
| 2015 |
A Political Economy Perspective on Common Supervision in the Eurozone |
Tobias Tröger Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Financial Intermediation | 2015 | |
| 2015 |
Bail-In Clauses |
Jan Pieter Krahnen, Laura Moretti Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Financial Intermediation | 2015 | |
| 2013 |
Deciphering the Libor and Euribor Spreads during the Subprime Crisis |
Loriana Pelizzon, Domenico Sartore North American Journal of Economics and Finance | Financial Intermediation, Systemic Risk Lab | Subprime crisis, Collateral, Liquidity, Unconventional monetary policy | 2013 |
| 2016 |
How Special Are They? Targeting Systemic Risk by Regulating Shadow Banks |
Tobias Tröger Reshaping Markets Economic Governance, the Global Financial Crisis and Liberal Utopia (Cambridge University Press) | Financial Intermediation | shadow banking, regulatory arbitrage, prudential supervision | 2016 |
| 2015 |
Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act |
Dirk Hackbarth, Rainer Haselmann, David Schoenherr Review of Financial Studies | Financial Intermediation | financial distress, law and finance, shareholder recovery, stock returns | 2015 |
| 2016 |
Pro-Cyclical Capital Regulation and Lending |
Markus Behn, Rainer Haselmann, Paul Wachtel The Journal of Finance | Financial Intermediation | capital regulation, credit crunch, financial crisis, pro-cyclicality | 2016 |
| 2015 |
Vertragsrechtliche Fragen negativer Zinsen auf Einlagen |
Tobias Tröger Neue Juristische Wochenschrift | Financial Intermediation | 2015 | |
| 2014 |
European Financial Regulation – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration |
Brigitte Haar The Oxford Handbook of Financial Regulation (Oxford University Press) | Financial Intermediation, Systemic Risk Lab | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism | 2014 |
| 2016 |
Does the Geographic Expansion of Bank Assets Reduce Risk? |
Martin Götz, Luc Laeven, Ross Levine Journal of Financial Economics | Financial Intermediation | Banking, Bank Regulation, Financial Stability, Risk, Hedging, Business Cycles, Industrial Structuree | 2016 |
| 2014 |
Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach |
Zeno Adams, Roland Füss, Reint Gropp Journal of Financial and Quantitative Analysis | Systemic Risk Lab, Financial Intermediation | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds | 2014 |
| 2014 |
Liquidity Coinsurance and Bank Capital |
Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon Journal of Money, Credit and Banking | Financial Intermediation, Systemic Risk Lab | Bank Capital, Interbank Markets, Liquidity Coinsurance | 2014 |
| 2015 |
The Effects of a Low Interest Rate Environment on Life Insurers |
Elia Berdin, Helmut Gründl The Geneva Papers on Risk and Insurance: Issues and Practice | Financial Intermediation | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II | 2015 |
| 2014 |
The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? |
Tobias Tröger European Business Organization Law Review | Financial Intermediation | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) | 2014 |
| 2015 |
The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II |
Helmut Gründl, Tobias Niedrig The Geneva Papers on Risk and Insurance: Issues and Practice | Financial Intermediation | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness | 2015 |
| 2015 |
Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation |
Tobias Niedrig Journal of Insurance Issues | Financial Intermediation | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness | 2015 |
| 2015 |
Regulatory Influence on Market Conditions in the Banking Union |
Tobias Tröger European Business Organization Law Review | Financial Intermediation | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline | 2015 |
Working Papers
Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital? |
Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo Wix | 296 | Financial Intermediation | 2020 | 202011 | |
The Terminator of Social Welfare? The Economic Consequences of Algorithmic Discrimination |
Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Kosfeld, Nicolas Winfried Pfeuffer | 287 | Financial Intermediation, Experiment Center | 2020 | Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning | 202009 |
Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges |
Jannis Bischof, Christian Laux, Christian Leuz | 283 | Financial Intermediation | 2020 | Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting | 202007 |
How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities |
Kevin Bauer | 281 | Financial Intermediation | 2020 | social identity, relative performance feedback, discrimination, outgroup derogation | 202006 |
EU Agencies in Banking and Energy Between Institutional and Policy Centralisation |
Sandra Eckert | 278 | Financial Intermediation | 2020 | agency, banking, centralisation, energy, fiduciary, electricity, policy | 202005 |
The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions |
Marie Lalanne, Lorenzo Maria Levati | 268 | Financial Intermediation | 2020 | Referrals, Job Match Quality, Social Networks, Board of Directors | 202003 |
Econometrics at Scale: Spark Up Big Data in Economics |
Benjamin Bluhm, Jannic Cutura | 266 | Financial Intermediation | 2020 | Econometrics, Distributed Computing, Apache Spark | 202002 |
The Case for a Normatively Charged Approach to Regulating Shadow Banking - Multipolar Regulatory Dialogues as a Means to Detect Tail Risks and Preclude Regulatory Arbitrage |
Matthias Thiemann, Tobias Tröger | 260 | Financial Intermediation | 2019 | shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation | 201910 |
Spillovers of Funding Dry-ups |
Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | 259 | Financial Intermediation | 2019 | 201909 | |
What Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk |
Reint Gropp, Felix Noth, Ulrich Schüwer | 246 | Financial Intermediation | 2019 | banking, geographic expansion, deregulation, locally non-diversiable risk, catastrophic risk | 201903 |
Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? |
Jannic Cutura | 232 | Financial Intermediation | 2018 | 201809 | |
Networks in Risk Spillovers: A Multivariate GARCH Perspective |
Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon | 225 | Financial Intermediation, Systemic Risk Lab | 2018 | spatial GARCH; network; risk spillover; nancial spillover | 201808 |
Portfolio Similarity and Asset Liquidation in the Insurance Industry |
Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | 224 | Systemic Risk Lab, Financial Intermediation | 2018 | Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI | 201807 |
Reviving the Shadow Banking Chain in Europe: Regulatory Agency, Technical Complexity and the Dynamics of Co-Habitation |
Vanessa Endrejat, Matthias Thiemann | 222 | Financial Intermediation | 2018 | 201806 | |
All Economic Ideas are Equal, but Some are more Equal than Others: A Differentiated Perspective on Macroprudential Ideas and their Implementation |
Edin Ibrocevic, Matthias Thiemann | 214 | Financial Intermediation, Systemic Risk Lab | 2018 | macroprudential regulation, ideational shift, systemic risk, topic modelling, central bank policy | 201806 |
Bargaining with a Bank |
Thomas Mosk | 211 | Financial Intermediation | 2018 | Credit lines, Contract terms, Bargaining, Screening | 201801 |
The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity |
Carlo Wix | 189 | Financial Intermediation | 2017 | Financial Crises, Bank Lending, Real Effects, Firm Investment, Wage Rigidity, Labor Hoarding | 201711 |
Remarks on the German Regulation of Crowdfunding |
Tobias Tröger | 184 | Financial Intermediation | 2017 | crowdinvesting, crowdfunding, fintech, financial stability, market infrastructure, investor protection | 201710 |
Why MREL Won't Help Much |
Tobias Tröger | 180 | Financial Intermediation | 2017 | MREL, TLAC, G-SIB, bail-in, bank resolution | 201708 |
Too Complex to Work: A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime |
Tobias Tröger | 179 | Financial Intermediation | 2017 | bail-in, private sector involvement, precautionary recapitalization, cross-border insolvency, market discipline | 201708 |
United in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union |
Matthias Goldmann | 178 | Financial Intermediation, Macro Finance | 2018 | Banking Union, Monetary Policy, Financial Stability, Single Supervisory Mechanism, Democratic Legitimacy | 201801 |
International Banking Conglomerates and the Transmission of Lending Shocks Across Borders |
Deyan Radev | 175 | Financial Intermediation | 2017 | Commercial banks, global banks, wholesale shocks, solvency shocks, transmission, internal capital markets | 201708 |
Social Centralization, Bank Integration and the Transmission of Lending Shocks |
Deyan Radev | 174 | Financial Intermediation | 2017 | Global banks, social centralization, bank integration, shocks, transmission | 201708 |
Liquidity Premia in CDS Markets |
Christel Merlin Kuate Kamga, Christian Wilde | 173 | Financial Markets, Financial Intermediation | 2017 | CDS, liquidity | 201708 |
Systemic Risk for Financial Institutions of Major Petroleum-Based Economies: The Role of Oil |
Massimiliano Caporin, Michele Costola, Shawkat Hammoudeh, Ahmed Khalifa | 172 | Financial Markets, Financial Intermediation, Systemic Risk Lab | 2017 | Systemic Risk, Risk Measurement, VaR, ΔCoVaR, Oil, Financial Institutions, Petroleum-based Economies | 201711 |
Natural Disaster and Bank Stability: Evidence from the U.S. Financial System |
Felix Noth, Ulrich Schüwer | 167 | Financial Intermediation, Systemic Risk Lab | 2017 | natural disasters, bank stability, non-performing assets, bank performance | 201704 |
Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment |
Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | 156 | Financial Intermediation | 2016 | Bank capital ratios, Bank regulation, Credit supply | 201611 |
Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act |
Vahid Saadi | 155 | Financial Intermediation | 2016 | The Community Reinvestment Act, Mortgage supply, House prices, Homeownership | 201611 |
Whatever it Takes: The Real Effects of Unconventional Monetary Policy |
Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | 152 | Data Center, Financial Intermediation | 2016 | Unconventional Monetary Policy, Real Effects, Zombie Lending | 201601 |
The Forward-Looking Disclosures of Corporate Managers: Theory and Evidence |
Reint Gropp, Rasa Karapandza, Julian Opferkuch | 140 | Financial Intermediation | 2016 | Repeated Games; Asymmetric Information; Firms; Reputation | 201601 |
A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers |
Elia Berdin, Christoffer Kok, Cosimo Pancaro | 137 | Financial Intermediation | 2016 | Financial Stability, Insurance, Interest Rate Risk, Stress Test | 201601 |
The Political Economy of Bank Bailouts |
Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig | 133 | Financial Intermediation, Law and Finance | 2016 | political economy, bailouts, state-owned enterprises, elections | 201601 |
Rent-Seeking in Elite Networks |
Rainer Haselmann, David Schoenherr, Vikrant Vig | 132 | Financial Intermediation, Law and Finance | 2016 | - | 201601 |
Ownership, Wealth, and Risk Taking: Evidence on Private Equity Fund Managers |
Carsten Bienz, Karin Thorburn, Uwe Walz | 126 | Financial Intermediation | 2016 | Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth | 201601 |
Insurance Activities and Systemic Risk |
Elia Berdin, Matteo Sottocornola | 121 | Systemic Risk Lab, Financial Intermediation | 2015 | Systemic Risk, Insurance Activities, Systemically Important Financial Institutions | 201501 |
Interbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks |
Marcel Bluhm | 117 | Financial Intermediation | 2015 | Financial fragility, interbank market, liquidity, maturity, network model | 201501 |
Regulatory Influence on Market Conditions in the Banking Union |
Tobias Tröger | 109 | Financial Intermediation | 2015 | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline | 201501 |
On the Impact of Leveraged Buyouts on Bank Systemic Risk |
Marcel Grupp | 101 | Financial Intermediation | 2015 | Leveraged buyouts, syndicated loans, systemic risk | 201501 |
The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II |
Helmut Gründl, Tobias Niedrig | 98 | Financial Intermediation | 2015 | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness | 201501 |
Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation |
Tobias Niedrig | 97 | Financial Intermediation | 2015 | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness | 201501 |
Banking Union and the Governance of Credit Institutions - A Legal Perspective |
Jens-Hinrich Binder | 96 | Financial Intermediation | 2015 | Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance | 201501 |
How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina |
Claudia Lambert, Felix Noth, Ulrich Schüwer | 94 | Financial Intermediation | 2015 | catastrophic events, bank regulation, capital ratios, natural experiment | 201501 |
Resolution Planning and Structural Bank Reform within the Banking Union |
Jens-Hinrich Binder | 81 | Financial Intermediation | 2015 | Bank Resolution, Resolution Planning, Living Wills, Structural Bank Reform, Banking Union | 201501 |
The Limits of Model-Based Regulation |
Markus Behn, Rainer Haselmann, Vikrant Vig | 75 | Financial Intermediation | 2014 | capital regulation, internal ratings, Basel regulation | 201401 |
Assessing Systemic Fragility – A Probabilistic Perspective |
Deyan Radev | 70 | Financial Intermediation | 2014 | Banking Stability, Financial Distress, Tail Risk, Contagion | 201401 |
How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking |
Tobias Tröger | 68 | Financial Intermediation | 2014 | shadow banking, regulatory arbitrage, prudential supervision | 201401 |
The Effects of a Low Interest Rate Environment on Life Insurers |
Elia Berdin, Helmut Gründl | 65 | Financial Intermediation | 2014 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II | 201401 |
Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract |
Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre Guettler | 62 | Systemic Risk Lab, Financial Intermediation | 2014 | Loan officer, incentives, monitoring, screening, loan origination | 201401 |
Financial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration |
Brigitte Haar | 57 | Systemic Risk Lab, Financial Intermediation | 2014 | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism | 201401 |
Measuring Ambiguity Aversion: A Systematic Experimental Approach |
Jan Pieter Krahnen, Peter Ockenfels, Christian Wilde | 55 | Financial Intermediation, Financial Markets, Transparency Lab, Experiment Center | 2014 | ambiguity, valuation discount, experimental economics | 201401 |
Liquidity Coinsurance and Bank Capital |
Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon | 45 | Financial Intermediation, Systemic Risk Lab | 2014 | Bank Capital, Interbank Markets, Liquidity Coinsurance | 201401 |
Did Consumers Want Less Debt? Consumer Credit Demand versus Supply in the Wake of the 2008-2009 Financial Crisis |
Reint Gropp, John Krainer, Elizabeth Laderman | 42 | Financial Intermediation, Transparency Lab | 2014 | credit supply, deleveraging, households, financial crisis | 201401 |
Banks’ Financial Distress, Lending Supply and Consumption Expenditure |
H. Evren Damar, Reint Gropp, Adi Mordel | 39 | Financial Intermediation | 2014 | credit supply, banking, financial crisis, consumption expenditure, liquid assets, consumption smoothing | 201401 |
How do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act |
Claudia Lambert, Felix Noth, Ulrich Schüwer | 38 | Financial Intermediation | 2013 | financial crisis, deposit insurance, bank regulation | 201301 |
Systemic Risk and Sovereign Debt in the Euro Area |
Deyan Radev | 37 | Systemic Risk Lab, Financial Intermediation | 2013 | Sovereign debt, Sovereign default, Financial distress, Systemic risk, Contagion, Banking stability, Tail risk | 201301 |
Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis |
Florian Hett, Alexander Schmidt | 36 | Transparency Lab, Financial Intermediation, Experiment Center | 2013 | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline | 201301 |
The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? |
Tobias Tröger | 27 | Financial Intermediation | 2013 | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) | 201301 |
Systemic Risk in the Financial Sector: What Can We Learn from Option Markets? |
Holger Kraft, Alexander Schmidt | 25 | Systemic Risk Lab, Financial Intermediation | 2013 | Systemic risk, Value-at-risk, Equity options, Implied volatility | 201301 |
Who Invests in Home Equity to Exempt Wealth from Bankruptcy? |
Stefano Corradin, Reint Gropp, Harry Huizinga, Luc Laeven | 21 | Financial Intermediation, Transparency Lab | 2013 | Homestead exemptions, Personal bankruptcy, Portfolio allocation, Home ownership | 201301 |
Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach |
Zeno Adams, Roland Füss, Reint Gropp | 20 | Systemic Risk Lab, Financial Intermediation | 2013 | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds | 201301 |
Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition |
Reint Gropp, Christian Gruendl, Andre Guettler | 19 | Financial Intermediation, Transparency Lab | 2013 | soft information, discretionary lending, relationship lending, competition | 201301 |
Policy Papers
| August 2020 |
Beyond Moral Hazard Arguments: The Role of National Deposit Insurance Schemes for Member States’ Preferences on EDIS |
Matthias Thiemann, Mario Tümmler | Financial Intermediation | Banking Union, Deposit Insurance, EDIS | 2020-08 |
| September 2019 |
Completing Banking Union |
Thomas Huertas | Financial Intermediation | Banking Union, EDIS, EDIC | 2019-09 |
| July 2019 |
Deutsche Bank and its Strategy Change: What it Means for the German Financial System |
Reinhard H. Schmidt | Financial Intermediation | German financial system, corporate governance, German banks | 2019-07 |
| July 2019 |
On the Change of the German Financial System |
Reinhard H. Schmidt | Financial Intermediation | German financial system, corporate governance, German banks | 2019-07 |
| June 2019 |
Diversity in Finance:An Overview |
Reinhard H. Schmidt | Financial Intermediation | diversity, finance, banking systems, financial systems | 2019-06 |
| May 2019 |
An open banking platform for Germany - a future-oriented alternative to a merger of Deutsche Bank / Commerzbank |
Volker Brühl, Jan Pieter Krahnen | Financial Intermediation | Open Banking Platform Germany, Banking Union, Merger, Deutsche Bank, Commerzbank | 2019-05 |
| March 2019 |
The Next SSM Term: Supervisory Challenges Ahead |
Martin Götz, Tobias Tröger, Mark Wahrenburg | Financial Intermediation | SSM, Banking Union, ECB supervision | 2019-03 |
| March 2019 |
Evaluierung gesamt- und finanzwirtschaftlicher Effekte der Reformen europäischer Finanzmarktregulierung im deutschen Finanzsektor seit der Finanzkrise |
Rainer Haselmann, Jan Pieter Krahnen, Mark Wahrenburg | Financial Intermediation | Regulierung, Banken, Kreditinstitute | 2019-03 |
| March 2019 |
Eine Open Banking Plattform für Deutschland – eine zukunftsorientierte Alternative zu einer Fusion Deutsche Bank/Commerzbank |
Volker Brühl, Jan Pieter Krahnen | Financial Intermediation | Open Banking Platform Germany, Bankenunion, Fusion, Deutsche Bank, Commerzbank | 2019-03 |
| June 2018 |
How demanding and consistent is the 2018 stress test design in comparison to previous exercises? |
Rainer Haselmann, Mark Wahrenburg | Financial Intermediation | stress test, European banks, Banking union | 2018-06 |
| June 2018 |
A New Governance Architecture for European Financial Markets? Towards a European Supervision of CCPs |
Jan Friedrich, Matthias Thiemann | Financial Intermediation | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage, Brexit | 2018-06 |
| May 2018 |
If you do it, do it right – The need for a Common European Supervisory Architecture for CCPs |
Jan Friedrich, Christian Resch, Matthias Thiemann | Financial Intermediation | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage | 2018-05 |
| February 2018 |
Passt das deutsche Dreisäulensystem in eine zunehmend harmonisierte Bankenstruktur für Europa? |
Reinhard H. Schmidt | Financial Intermediation | Drei-Säulen-System, Bankensektor, Finanzkrise | 2018-02 |
| December 2017 |
Five Years after the Liikanen Report: What Have We Learned? |
Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Financial Intermediation | Financial stability, banking separation, prohibition of proprietary trading, banking and treasury functions, bail-in, MREL, TLAC | 2017-12 |
| November 2017 |
Provisioning Policies for Non-Performing Loans: How to Best Ensure a "Clean Balance Sheet"? |
Mark Wahrenburg | Financial Intermediation | IFRS 9, provisioning rules, EU banks | 2017-11 |
| November 2017 |
The Recalibration of the European System of Financial Supervision in Regard of the Insurance Sector: From Dreary to Dreamy or Vice Versa? |
Jens Gal, Helmut Gründl | Financial Intermediation, Household Finance | European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision | 2017-11 |
| September 2017 |
Undermined Market Discipline: The Role of Bank Rescues and Bailout Expectations |
Florian Hett, Johannes Kasinger | Financial Intermediation, Experiment Center | bailout, market discipline, financial institutions, financial crisis, banks | 2017-09 |
| August 2017 |
Corporate Governance of Banks – A German Alternative to the “Standard Model” |
Hans-Helmut Kotz, Reinhard H. Schmidt | Financial Intermediation | corporate governance, German banks, German banking system | 2017-08 |
| August 2017 |
Microfinance – Once and Today |
Reinhard H. Schmidt | Financial Intermediation | Microfinance, German savings banks, German cooperative banks, Inclusive Finance | 2017-08 |
| June 2017 |
How Not To Do Banking Law in the 21st Century |
Tobias Tröger | Financial Intermediation | Banking Union, ECB, EGC, Landeskreditbank Baden-Württemberg, NCAs, SSM | 2017-06 |
| March 2017 |
Fines for Misconduct in the Banking Sector – What is the Situation in the EU? |
Martin Götz, Tobias Tröger | Financial Intermediation | financial stability, banking supervision, banking regulation, bank sanctions, monetary penalties | 2017-03 |
| March 2017 |
Financial Resilience Revisited: Why Consistency in Regulation is now Paramount – Across Sectors and Regions, and Over Time |
Franklin Allen, Jan Pieter Krahnen, Hélène Rey | Financial Intermediation, Financial Markets | financial resilience, financial markets regulation, banking regulation | 2017-03 |
| February 2017 |
Taking Bail-in Seriously - The Looming Risks for Banking Policy in the Rescue of Monte dei Paschi di Siena |
Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Financial Intermediation | BRRD, banking resolution, banking supervision, SRM, financial stability, systemic risk | 2017-02 |
| January 2017 |
SME Funding Without Banks? On the Interplay of Banks and Markets |
Günter Franke, Jan Pieter Krahnen | Financial Intermediation, Financial Markets | SME, funding, capital markets, lending instruments, banks | 2017-01 |
| November 2016 |
Banks' Internal Rating Models - Time for a Change? The System of Floors as Proposed by the Basel Committee |
Rainer Haselmann, Mark Wahrenburg | Financial Intermediation | Internal rating models, floors, banking regulation, BCBS | 2016-11 |
| April 2016 |
Euro Area Shadow Banking Activities in a Low-Interest-Rate Environment: A Flow-of-Funds Perspective |
Günter Beck, Hans-Helmut Kotz | Financial Intermediation, Macro Finance | Non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation, low interest rate environment | 2016-04 |
| April 2016 |
Lost in Translation? ECB’s Monetary Impulses and Financial Intermediaries’ Responses |
Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Financial Intermediation, Macro Finance | Non-bank financial intermediation, interest-rate channel, credit channel, risk-taking channel of monetary policy, market-based financial intermediation, monetary transmission mechanism, waterbed effect | 2016-04 |
| March 2016 |
Should the Marketing of Subordinated Debt be Restricted/Different in One Way or the Other? What to do in the Case of Mis-selling? |
Martin Götz, Tobias Tröger | Financial Intermediation | Bail-in, BRRD, subordinated debt, EU market regulation | 2016-03 |
| November 2016 |
Structural Reforms in Banking: The Role of Trading |
Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer | Financial Intermediation, Financial Markets | proprietary trading, banking separation proposals, bank risk | 2016-11 |
| December 2015 |
The German Banking System: Characteristics and Challenges |
Patrick Behr, Reinhard H. Schmidt | Financial Intermediation | banks, government, regulation | 2015-12 |
| November 2015 |
Solvency II ante portas: Nutzen und Risiken der neuen Versicherungsregulierung |
Helmut Gründl | Financial Intermediation | Versicherungen, Regulierung | 2015-11 |
| November 2015 |
Solvency II at the Gates: Benefits and Risks of the New Insurance Regulation |
Helmut Gründl | Financial Intermediation | Insurance, Regulation | 2015-11 |
| August 2015 |
The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II |
Helmut Gründl, Tobias Niedrig | Financial Intermediation | Life insurance companies, Coco bonds, Solvency II | 2015-08 |
| September 2015 |
Euro Area Macro-Financial Stability: A Flow-of-Funds Perspective |
Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Financial Intermediation, Macro Finance | Bank and non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation | 2015-09 |
| September 2015 |
Did Emergency Liquidity Assistance (ELA) of the ECB Delay the Bankruptcy of Greek Banks? |
Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Financial Intermediation, Macro Finance | emergency liquidity assistance (ELA), economic and monetary union, banking supervision, Greece | 2015-09 |
| September 2015 |
Waren die ELA-Notkredite der EZB für griechische Banken eine Konkursverschleppung? |
Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Financial Intermediation, Macro Finance | emergency liquidity assistance (ELA), Währungsunion, Bankenaufsicht, Griechenland | 2015-09 |
| April 2014 |
Lessons from the Implementation of the Volcker Rule for Banking Structural Reform in the European Union |
Douglas J. Elliott, Christian Rauch | Financial Intermediation | banking separation proposals, proprietary trading ban, Dodd-Frank Act | 2014-04 |
| April 2014 |
How Important Are Hedge Funds in a Crisis? |
Reint Gropp | Financial Intermediation | systemic risk analysis, statistical risk measurement, spillover effects | 2014-04 |
| May 2014 |
Frontiers of Sustainable Finance in Europe: The Social Impact Bond |
Ester Faia | Financial Intermediation | social impact bonds, risk premia, incentives for investment | 2014-05 |
| June 2014 |
Curtailing Capture through the European Banking Union: A Note of Caution |
Cornelia Woll | Financial Intermediation | public-private relations, capture, collective action, social relations | 2014-06 |
| August 2013 |
Taxes, Banks and Financial Stability |
Reint Gropp | Financial Intermediation | taxes, financial institutions, tax incidence, financial stability, tax revenues, bank incentives | 2013-08 |
| June 2014 |
Stellungnahme zum Entwurf eines Gesetzes zur Absicherung stabiler und fairer Leistungen für Lebensversicherte |
Helmut Gründl | Financial Intermediation | Lebensversicherungen, Solvency II, Bewertungsreserven, Niedrigzinsphase | 2014-06 |
| January 2014 |
On the European Commission’s Proposal for a Structural Reform of Banking |
Jan Pieter Krahnen | Financial Intermediation | proprietary trading, banking separation proposals, Liikanen Commission | 2014-01 |
| September 2014 |
Effective Resolution of Banks: Problems and Solutions |
Günter Franke, Jan Pieter Krahnen, Thomas von Lüpke | Financial Intermediation | Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism (SRM), Bail-in | 2014-09 |
| October 2014 |
Stellungnahme zum Entwurf eines Gesetzes zur Umsetzung der Richtlinie 2014/59/EU (BRRD-Umsetzungsgesetz) |
Martin Götz | Financial Intermediation | Bankenabwicklung, Restrukturierung, Bail-in, SoFFin | 2014-10 |
| October 2014 |
Making Sense of the Comprehensive Assessment |
Viral Acharya, Sascha Steffen | Financial Intermediation | Asset Quality Review, Single Supervisy Mechanism, European Central Bankor | 2014-10 |
| November 2014 |
Robustness, Validity, and Significance of the ECB’s Asset Quality Review and Stress Test Exercise |
Sascha Steffen | Financial Intermediation | Stress Test, Comprehensive Assessment, Asset Quality Review, European Central Bank, European Banking Authority, Single Supervisory Mechanism | 2014-11 |
| November 2014 |
Resolution Threats and Bank Discipline – What Europe Can Learn for the Single Resolution Mechanism from U.S. Experience |
Magdalena Ignatowski, Josef Korte | Financial Intermediation | risk-taking, bank resolution regimes, USA, Europe | 2014-11 |
| November 2014 |
Bail-In jetzt richtig umsetzen |
Jan Pieter Krahnen | Financial Intermediation | total loss absorbing capacity (TLAC), nachrangiges Fremdkapital, too big to fail, bail-in | 2014-11 |
| November 2014 |
Implementing Bail-In Properly |
Jan Pieter Krahnen | Financial Intermediation | total loss absorbing capacity (TLAC), too big to fail, bail-in | 2014-11 |
| February 2012 |
Schlechte Erfahrungen |
Helmut Siekmann, Volker Wieland | Financial Intermediation | Finanztransaktionssteuer, Bankenaufsicht | 2012-02 |
| April 2013 |
Stellungnahme zum Gesetzentwurf der Bundesregierung: Finanzkonglomerate-Aufsichtsgesetz |
Helmut Gründl | Financial Intermediation | Finanzkonglomerate; Eigenmittelanforderungen; Aufsichtsbehörde; BaFin; Bundesbank | 2013-04 |
| February 2013 |
Kommentierung des “Entwurf eines Gesetzes zur Abschirmung von Risiken und zur Planung der Sanierung and Abwicklung von Kreditinstituten und Finanzgruppen” |
Andreas Hackethal, Jan Pieter Krahnen | Financial Intermediation | Handelsgeschäft, Einlagengeschäft, Risiko | 2013-02 |
| February 2013 |
Beteiligung der Versicherungsnehmer an den Bewertungsreserven in der Lebensversicherung |
Helmut Gründl | Financial Intermediation | Lebensversicherungen, Garantiezins, Bewertungsreserven | 2013-02 |
| June 2013 |
Die Auswirkungen von Regulierung auf Bankverhalten und Wettbewerb |
Jan Pieter Krahnen, Theodor Weimer | Financial Intermediation | Bail-in Anleihen, Banken, Regulierung, Liikanen-Kommission | 2013-06 |
| May 2013 |
Own Risk and Solvency Assessment Within the Solvency II Framework and its Interplay with the Quantitative Solvency Capital Requirements |
Jens Gal, Helmut Gründl | Financial Intermediation | Insurance, Solvency II, Own Risk and Solvency Assessment | 2013-05 |
| August 2013 |
Savings Banks and Cooperative Banks in Europe |
Dilek Bülbül, Reinhard H. Schmidt, Ulrich Schüwer | Financial Intermediation | national systems of local banks, bank competition, performance indicators | 2013-08 |
| September 2013 |
Gesprächsreihe zu Strukturreformen im europäischen Bankensektor: Wiederherstellung privater Haftung und die zukünftige Rolle der Aufsicht |
Elke König | Financial Intermediation | Bail-in Anleihen, Banken, Aufsicht, Liikanen-Kommission | 2013-09 |
| October 2013 |
Rettung durch Regulierung? Eckpunkte des Liikanen-Berichts |
Jan Pieter Krahnen | Financial Intermediation | Liikanen-Kommission, Bail-in, Trennbanken, Bankenunion | 2013-10 |
| September 2013 |
Der einheitliche Abwicklungsmechanismus – Europäisches Allheilmittel oder weiße Salbe? |
Tobias Tröger | Financial Intermediation | Bankenunion, SRM, Abwicklungsinstrumente, Bail-in | 2013-09 |
| October 2013 |
Rescue by Regulation? Key Points of the Liikanen Report |
Jan Pieter Krahnen | Financial Intermediation | Liikanen Commission, Bail-in, Banking Separation, Banking Union | 2013-10 |
| December 2013 |
Designing the Funding Side of the Single Resolution Mechanism (SRM): A Proposal for a Layered Scheme with Limited joint Liability |
Jan Pieter Krahnen | Financial Intermediation | Banking Union, Single Resolution Mechanism | 2013-12 |
| December 2013 |
A Big Bang for Banking in Europe |
Jan Pieter Krahnen | Financial Intermediation | comprehensive assessment, banking supervision, euro area | 2013-12 |
| January 2014 |
Securities Transaction Tax in France: Impact on Market Quality and Inter-Market Price Coordination |
Peter Gomber, Martin Haferkorn, Kai Zimmermann | Financial Intermediation | financial transaction tax, market fragmentation, speculative trading, market quality | 2014-01 |
| December 2013 |
Finanzmärkte: Mut zu radikaler Ordnungspolitik |
Jan Pieter Krahnen | Financial Intermediation | Finanzkrise, Bankenunion, Regulierung, Ordnungspolitik | 2013-12 |
| February 2014 |
Surveillance of peer to peer payment systems and peer to peer lending platforms |
Ester Faia | Financial Intermediation | financial innovation, peer to peer payment systems, Bitcoin, regulation | 2014-02 |
| February 2012 |
Recommendations by the Issing Commission – Memo for the G-20 November 2011 Summit in Cannes |
Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Financial Intermediation | shadow banking, systemic risk analysis, regulatory arbitrage | 2012-02 |
| February 2012 |
Stellungnahme zum Entwurf eines Zweiten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes |
Helmut Siekmann | Financial Intermediation | Finanzmarktrecht, BaFin, FMSA | 2012-02 |
| May 2011 |
Ein Plädoyer für Banken-Vielfalt |
Reinhard H. Schmidt | Financial Intermediation | Drei-Säulen-System, Bankensektor, Finanzkrise | 2011-05 |
| February 2010 |
Ein staatliches Hospital für kranke Banken |
Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Systemisches Risiko, Bankenhospital | 2010-02 |
| September 2011 |
Das neue System der Europäischen Finanzmarktaufsicht |
Helmut Siekmann | Financial Intermediation | Regulierung, Finanzaufsicht, Systemrisiken | 2011-09 |
| March 2011 |
On a Fundamental Reorganisation of the Landesbanks and Savings Banks Sector in Germany |
Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | Financial Intermediation | Landesbanks and savings banks sector; public law financial system | 2011-03 |
| February 2011 |
Streitschrift für eine grundlegende Neuordnung des Sparkassen- und Landesbankensektors in Deutschland |
Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | Financial Intermediation | Sparkassen- und Landesbankensektor, öffentlich rechtlicher Finanzsektor | 2011-02 |
| October 2010 |
Basel III: Unvollendet, aber nicht allein |
Hermann Remsperger | Financial Intermediation | Basel III, Eigenkapital, Finanzkrise, Insolvenzordnung | 2010-10 |
| November 2010 |
Recommendations by the Issing Commission - Memo for the G-20 Summit in Seoul |
Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Financial Intermediation | Basel III, systemic risk, liquidity support | 2010-11 |
| October 2010 |
Stellungnahme zum "Restrukturierungsgesetz" |
Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Restruktuierung, Abwicklung | 2010-10 |
| August 2010 |
Die Finanzmarktaufsicht in der Krise |
Helmut Siekmann | Financial Intermediation | Finanzmarktaufsicht, Ratingagenturen, Abwicklung | 2010-08 |
| July 2010 |
Ursachen, Auswirkungen und Lehren der Finanzkrise: Eine systematische Bestandsaufnahme |
Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Finanzaufsicht | 2010-07 |
| June 2010 |
Criteria for a Workable Approach Towards Bank Levies and Bank Restructuring |
Otmar Issing, Jan Pieter Krahnen | Financial Intermediation | systemic risk, bank resolution | 2010-06 |
| April 2009 |
Die Rolle von Anreizen für die Zukunfts der Kreditverbriefung |
Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Kreditverbriefung, Agency Theorie, Vergütungssysteme | 2009-04 |
| February 2010 |
Rescue Strategy Without Moral Hazard – An Attempt to Provide a Master Plan for Avoiding Banking Crises |
Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | systemic risk, banking hospital | 2010-02 |
| February 2010 |
Rettungsstrategie ohne Moral Hazard – Versuch eines Gesamtkonzepts zur Bankkrisenvermeidung |
Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Bankenhospital | 2010-02 |
| November 2009 |
Defining and Measuring Systemic Risk |
Stefan Gerlach | Financial Intermediation | systemic risk, statistical risk measurement | 2009-11 |
| October 2009 |
Stabilisierung der WestLB AG durch Garantien des Landes NRW |
Helmut Siekmann | Financial Intermediation | Landesbanken | 2009-10 |
| October 2009 |
Die Neuordnung der Finanzmarktaufsicht |
Helmut Siekmann | Financial Intermediation | Finanzmärkte, Rechtsordnung | 2009-10 |
| April 2009 |
Die Schaffung von Einrichtungen der Finanzaufsicht auf EU-Ebene |
Helmut Siekmann | Financial Intermediation | Gemeinschaftsagenturen, Finanzmarktaufsicht | 2009-04 |
| December 2011 |
Kluge Finanzarchitektur zur Begrenzung des systemischen Risikos |
Jan Pieter Krahnen | Financial Intermediation | systemisches Risiko, too-big-to-fail, Regulierung | 2011-12 |
| November 2011 |
Stellungnahme zum Antrag der SPD-Fraktion auf Einführung einer Finanztransaktionssteuer in Europa |
Volker Wieland | Financial Intermediation | Finanztransaktionssteuer, Finanzinnovationen, Finanzspekulation | 2011-11 |
| November 2011 |
Long-Term Guarantees and the Countercyclical Premium Under Solvency II |
Helmut Gründl, Hato Schmeiser | Financial Intermediation | insurance supervision, capital requirements, Solvency II | 2011-11 |
| July 2011 |
Ratingagenturen entmachten - aber wie? |
Reinhard H. Schmidt | Financial Intermediation | Ratingagenturen, Marktmacht | 2011-07 |
| July 2011 |
"Politiker wollen die Wahrheit nicht hören" |
Jan Pieter Krahnen | Financial Intermediation | Ratingagenturen, Schuldenkrise | 2011-07 |
| July 2011 |
The Bail-In Puzzle |
Jan Pieter Krahnen | Financial Intermediation | debt restructuring, financial stability, bank bonds | 2011-07 |
| April 2011 |
Die Bankenabgabe in Deutschland |
Helmut Siekmann | Financial Intermediation | Bankenabgabe, Systemisches Risiko, Restrukturierungsgesetz | 2011-04 |
| December 2012 |
Europataugliche Einlagensicherung: Vorschlag für eine dreistufige Einlagensicherung mit begrenzter europäischer Haftung |
Jan Pieter Krahnen | Financial Intermediation | Bankenunion, Einlagensicherung, Bankinsolvenzen | 2012-12 |
| November 2012 |
Comment on the European Parliament Draft Report on the Proposal for a Recovery and Resolution Directive |
Jan Pieter Krahnen | Financial Intermediation | bail-in bonds, bank resolution, Liikanen Report | 2012-11 |
| April 2013 |
Zukunft der Universalbanken |
Michael Kemmer, Jan Pieter Krahnen | Financial Intermediation | Trennbanken, Restrukturierung, Abwicklung, Liikanen-Kommission | 2013-04 |
| April 2013 |
Deposit Insurance Suitable for Europe: Proposal for a Three-Stage Deposit Guarantee Scheme with Limited European Liability |
Jan Pieter Krahnen | Financial Intermediation | banking union; deposit insurance; bank risk | 2013-04 |
| February 2013 |
Civil Liability of Credit Rating Agencies after CRA 3 – Regulatory All-or-Nothing Approaches Between Immunity and Over-Deterrence |
Brigitte Haar | Financial Intermediation | Rating Agencies, regulation, contractual liability, CRA3 | 2013-02 |
| November 2012 |
Stellungnahme zum Entwurf eines Dritten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes |
Helmut Siekmann | Financial Intermediation | Finanzmarktstabilisierungsgesetz, Restrukturierungsfond, systemisches Risiko | 2012-11 |
| October 2012 |
Marktkräfte und Finanzstabilität: Desiderate und Anreizwirkungen eines institutionellen Rahmens für Bankenrestrukturierung |
Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Ankeranleihen, Bail-in, systemisches Risiko, Bankenrestrukturierung | 2012-10 |
| September 2012 |
Neuausrichtung des OTC-Derivate-Marktes als Chance begreifen |
Peter Gomber, Thorsten Gommel | Financial Intermediation | EMIR, OTC-Derivate, CDS | 2012-09 |
| July 2012 |
Aktuelle Finanzmarktpolitik: Wo bleibt die Nachhaltigkeit? |
Reinhard H. Schmidt | Financial Intermediation | Finanzkrise, Finanzmarktpolitik, Regulierung, Nachhaltigkeit | 2012-07 |
| April 2012 |
"The Economic Rationale for Financial Regulation” Reconsidered |
Richard Herring, Reinhard H. Schmidt | Financial Intermediation | regulation, supervision, systemic risk | 2012-04 |
| September 2011 |
Risiko muss wieder kosten |
Jan Pieter Krahnen | Financial Intermediation | Anleihemärkte, systemisches Risiko, Bankeninsolvenz | 2011-09 |
Aktuelle Forschungsprojekte
| Publication Count | ||||||
|---|---|---|---|---|---|---|
| Financial Intermediation | The Capital Purchase Program and Board Appointment |
Christian Mücke, Loriana Pelizzon, Vincenzo Pezone, Anjan Thakor | 2020 | Bail Out, Board Appointments, TARP, Capital Ratio | 123104 | 0 |
| Financial Intermediation | Crises, Anti-Finance Opinions and Populisms in Europe |
Elsa Massoc, Tobias Tröger | 2020 | Crises, Public opinion, Finance, Policymaking, Populism | 123103 | 0 |
| Financial Intermediation, Experiment Center | Digitalization of the Financial System |
Kevin Bauer, Oliver Hinz | 2020 | Digital economics; Artificial intelligence; Human machine interaction; Algorithmic Unfairness; Hybrid human-machine behavior; Algorithms; Machine Learning, Decision Making; | 123101 | 1 |
| Financial Intermediation | Banking on States – The Divergent European Trajectories of Finance after the Crisis |
Elsa Massoc | 2019 | Banks, states, regulation, post-crisis, institutions | 123102 | 1 |
| Financial Intermediation | Bank Competition for Wholesale Funding: Evidence from Corporate Deposits |
Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | 2019 | global banks, dollar funding, US money market fund reform, corporate deposits | 21133 | 1 |
| Financial Intermediation | Asset Concentration Risk and Insurance Solvency Regulation |
Helmut Gründl, Fabian Regele | 2019 | Asset Concentration Risk, Name Concentration Risk, Sector Concentration Risk, Systematic Risk, Idiosyncratic Risk, Insurance Regulation, Solvency II, Global Insurance Capital Standards (ICS) | 21134 | 0 |
| Financial Intermediation | Political Economy of Financial Regulation |
Rainer Haselmann, Shikhar Singla, Vikrant Vig | 2019 | political economy; Basel regulation; regulatory capture; international standard setting; | 21135 | 1 |
| Financial Intermediation | Networks and Corporate Governance |
Marie Lalanne | 2019 | Social Networks, Job Referrals, Gender, Boards of Directors, Executives, Corporate Governance | 21231 | 0 |
| Financial Intermediation | How do Startups Grow? |
Zhuoer Qiu, Bernd Skiera, Simone Wies | 2019 | Startup Growth, New Ventures, Organizational Competences, Marketing Competence, Growth Pattern, Venture Capital, Human Capital, Startup Performance, Startup Survival | 21233 | 0 |
| Financial Intermediation | The State of the Union: The Politics of Integration in Banking and Energy |
Burkard Eberlein, Sandra Eckert | 2019 | banking union, corporate power, energy union, European integration, governance, private authority, prudential regulation, regulatory governance, security of supply | 21136 | 1 |
| Law and Finance, Financial Intermediation | Foundations of Law and Finance |
Rainer Haselmann, Casimiro Antonio Nigro, Tobias Tröger | 2018 | 21291 | 1 | |
| Financial Intermediation | The Rise of Promotional / Development Banks in Contemporary Europe: Potentials and Pitfalls |
Daniel Mertens, Matthias Thiemann | 2018 | market failure, industrial policy, promotional banks | 21132 | 0 |
| Financial Intermediation | The Regulation of Loan Loss Provisioning and Banks' Real Activities |
Jannis Bischof | 2018 | Financial Reporting, Financial Stability, Financial Institutions, Loan Loss Provisions, Incurred Loss Model, Expected Loss Model, Credit Risk, IAS 39, IFRS 9 | 21130 | 1 |
| Financial Intermediation | The Transformation of Public Interests in Sovereign Debt Disputes – An Empirical Analysis |
Matthias Goldmann, Grygoriy Pustovit, Seo Young Shin | 2018 | Sovereign debt, holdout litigation, empirical legal studies, comparative law, public interest | 21138 | 0 |
| Financial Intermediation | Financing Innovation in Europe |
David Heller, Jan Krzyzanowski, Uwe Walz | 2017 | 21280 | 1 | |
| Financial Intermediation | Regulatory Competition and the Increasing Fragility of CCPs |
Jan Friedrich, Christian Hirsch, Matthias Thiemann | 2017 | CCPs, Competition, Regulatory Arbitrage, Regulatory Forebearance, Financial Stability | 21128 | 1 |
| Financial Intermediation | Systemically Relevant Business Activities of Insurance Companies |
Helmut Gründl, Christian Kubitza, Fabian Regele | 2017 | Systemic Risk, Conditional Shortfall Probability, ΔCoVaR, Marginal Expected Shortfall, Risk Management, Insurance Activities, Financial Stability | 21127 | 0 |
| Financial Intermediation | Local Spillover Effects and Corporate Investment |
Yangming Bao, Martin Götz | 2017 | corporate investment, peer effects, local spillover, urban agglomeration | 21224 | 1 |
| Systemic Risk Lab, Financial Intermediation | The Impact of Quantitative Easing on Stock and CDS Prices of European Insurance Companies |
Mario Bellia, Nicola Mano, Loriana Pelizzon, Matteo Sottocornola | 2017 | 22582 | 1 | |
| Financial Intermediation | Criminal Compliance and Financial Institutions: Conformity Effects and Cost Effectiveness |
Christoph Burchard, Ercan Cömert, Horst Entorf, Dennis Gram | 2017 | Financial Crimes | Criminal Compliance |Financial Institutions | Differences-in-Differences | Treatment Effect Heterogeneity | 21222 | 1 |
| Financial Intermediation | A New Approach to Analyze the Retail Banking Market and its Development |
Gabriela Alves Werb, Daniel Blaseg, Elham Maleki, Daniel M. Ringel, Bernd Skiera | 2017 | Financial Markets, Fintech, Market Definition, Market Analysis, Market Structure, Market Evolution, Competition, Market Visualization | 21129 | 0 |
| Financial Intermediation | Benefits of Procurement Auctions: Competitive Pressure vs. Selection of Efficient Suppliers |
Rafael Lalive, Armin Schmutzler, Christine Zulehner | 2016 | 21004 | 0 | |
| Financial Intermediation | Analysis of Mergers in First-Price Auctions |
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner | 2016 | 21004 | 1 | |
| Experiment Center, Financial Intermediation | Measuring Time Inconsistency by Using Bank Account Data |
Andrej Gill, Florian Hett | 2016 | financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences | 21640 | 1 |
| Financial Intermediation | On the Impact of Government Credit Guarantees Programs on Firms' Access to Credit and Performance during the Financial Crisis |
Vasso Ioannidou, Jose Liberti, Thomas Mosk, Jason Sturgess | 2016 | Access to credit, government guarantees | 21923 | 1 |
| Data Center, Financial Intermediation | Whatever it Takes: The Real Effects of Unconventional Monetary Policy |
Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | 2016 | 22390 | 1 | |
| Financial Intermediation, Macro Finance | Stability through Deliberation: Finance and Public Law |
Matthias Goldmann, Grygoriy Pustovit | 2016 | 21193 | 1 | |
| Financial Intermediation | Effect of Capital Regulation on Bank Investment Strategies and Systemic Risk |
Rainer Haselmann, Deyan Radev, Vikrant Vig | 2016 | Capital regulation, Market Risk, Systemic Risk, Bank Investment Strategies, Basel II.5 | 21121 | 1 |
| Financial Intermediation | Crisis, Competition and Firms’ Workforce: Evidence from Procurement Auctions |
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner | 2016 | 21004 | 1 | |
| Financial Intermediation | Household Liquidity Risk Management and Insurance Companies’ Investment Behavior |
Yangming Bao, Irina Gemmo, Helmut Gründl, Martin Götz | 2016 | Demographic Change, Emergency Fund Hypothesis, Interest Rate Hypothesis, Life Insurance, Liquidity Risk Management, Surrender | 21137 | 1 |
| Financial Intermediation, Policy Center | Bail-In Tracker |
Martin Götz, Dominic Hirschbühl, Theresa Kreft, Tobias Tröger, Gerrit Tönningsen | 2016 | 21182 | 1 | |
| Financial Markets, Financial Intermediation | The Impact of Introducing Intraday Auctions on LSE |
Peter Gomber, Satchit Sagade, Christian Westheide | 2016 | 21620 | 1 | |
| Household Finance, Financial Intermediation | Demographic Changes, Optimal Design of Life Insurance Contracts and Household Welfare |
Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer | 2016 | 21660 | 1 | |
| Financial Intermediation, Systemic Risk Lab | Network Banks Exposures and Variance Spillovers in the Euro Area |
Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon, Zorka Simon | 2016 | 21610 | 1 | |
| Household Finance, Financial Intermediation | Social Networks and Informal Lines of Credit |
Olga Goldfayn, Nathanael Vellekoop | 2016 | Personality; Household consumption and Savings | 21650 | 1 |
| Financial Intermediation | The Effect of Regulation on Banks’ Market Structure |
Rainer Haselmann, Nora Marija Laurinaityte, Vikrant Vig, Christine Zulehner | 2016 | bank regulation, model based regulation, bank competition | 21600 | 1 |
| Financial Intermediation, Experiment Center | Financial Interactions in the Presence of Ambiguity |
Wenhui Li, Peter Ockenfels, Christian Wilde | 2016 | 21650 | 1 | |
| Macro Finance, Financial Intermediation, Law and Finance, Financial Markets, Experiment Center | Capital Requirements and Financial Stability: Experimental Evidence |
Paul Gortner, Baptiste Massenot | 2016 | 21650 | 1 | |
| Financial Intermediation, Experiment Center | Banking Structure and Dynamics of Small and Medium Sized Enterprises |
Douglas Cumming, Christian Eufinger, Andrej Gill, David Heller, Jan Krzyzanowski, Uwe Walz | 2016 | 21640 | 1 | |
| Financial Intermediation, Systemic Risk Lab | A Genealogy of Systemic Risk Network Measures adopted by Regulators |
Edin Ibrocevic, Loriana Pelizzon, Matthias Thiemann | 2016 | 21610 | 1 | |
| Financial Intermediation | The Modern Tontine: An Innovative Instrument for Longevity Provision in an Ageing Society |
Helmut Gründl, Jan-Hendrik Weinert | 2015 | 21192 | 1 | |
| Financial Intermediation | Shadow Banking with an Implicit Government Put |
Matthias Thiemann | 2015 | 21181 | 1 | |
| Financial Intermediation | Real Effects of a Bank Liquidity Shock on Bank Lending Decisions and Corporate Investments |
Rainer Haselmann, Melissa Schultheis, Cornelius Veith, Beatrice Weder di Mauro | 2015 | 21190 | 1 | |
| Financial Intermediation | Venture Boards - Empirical Evidence from Venture Capital-backed Start-Ups in the U.S. |
Douglas Cumming, Uwe Walz, Jochen Christian Werth, Sijia Zhang | 2015 | Corporate Governance, Entrepreneurial Finance, Board Structure | 11229 | 1 |
| Financial Intermediation, Systemic Risk Lab | Interconnectedness of Insurance Companies |
Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | 2014 | Regulation, Systemic risk, portfolio exposures, networks, Insurance companies | 12127 | 1 |
| Financial Intermediation | The Adaptation of Off-Balance Sheet Financing Techniques in Leasing after the Financial Crisis |
Matthias Thiemann | 2014 | 11138 | 1 | |
| Financial Intermediation | The Sovereign-Bank Loop: Contagion Between Sovereign and Bank Credit Markets |
Holger Kraft | 2014 | Contagion, Sovereign Debt Crisis, CDS, Panel VAR, Sign Restrictions | 11137 | 1 |
| Financial Intermediation | Bank Diversification and Risk Management |
Yangming Bao, Martin Götz, Dominic Hirschbühl, Luc Laeven, Ross Levine | 2014 | Geographic Corporate Diversification, Bank Risk, Banking, Economies of scope, Diversification Benefits | 11131 | 1 |
| Financial Intermediation | Redlining in the US Housing Market and the Early Stage of the Housing Bubble |
Reint Gropp, Vahid Saadi | 2014 | Community Reinvestment Act, Mortgage supply, Housing boom, Financial crisis | 11140 | 1 |
| Financial Intermediation, Transparency Lab | Capital Requirements and Bank Lending |
Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | 2014 | banking, bank capital, capital regulation | 11129 | 1 |
| Financial Intermediation | The Impact of Interest Rate and Mortality Risks on the Solvency Situation of Life Insurance Companies |
Elia Berdin, Helmut Gründl | 2014 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II, Effects of Monetary Policy | 21180 | 1 |
| Financial Intermediation | Public Soft Information |
Reint Gropp, Rasa Karapandza, Julian Opferkuch | 2014 | transparency, soft information, financial markets, financial institutions | 11133 | 1 |
| Financial Intermediation | Single Resolution Mechanism |
Jens-Hinrich Binder, Theresa Kreft, Tobias Tröger | 2014 | Single Resolution Mechanism (SRM), Bank Reorganization, Bail in, Single Resolution Fund, Backstops, Banking Union | 11135 | 1 |
| Financial Intermediation | Bargaining with a Bank |
Thomas Mosk | 2014 | Bargaining, Financial Contracting | 11141 | 1 |
| Financial Intermediation | Banking Market Structure and Catastrophic Risk |
Reint Gropp, Felix Noth, Ulrich Schüwer, Carlo Wix | 2014 | diversification benefits, banking market structure, banking liberalization, catastrophic risk | 11132 | 1 |
| Financial Intermediation, Systemic Risk Lab | The Internal Organization of Banks and the Transmission of Lending Shocks across Borders |
Reint Gropp, Deyan Radev, Michael Schröder | 2013 | banking, contagion, liquidity shocks, solvency shocks, internal bank organization | 11121 | 1 |
| Financial Intermediation, Systemic Risk Lab | Basel III and Solvency II - Risks and Side-Effects from their Interplay |
Helmut Gründl | 2013 | 11126 | 1 | |
| Financial Intermediation, Systemic Risk Lab | Consequences of Adverse Shocks on Bank Behavior |
Claudia Lambert, Felix Noth, Ulrich Schüwer | 2013 | natural disasters, non-performing assets, bank failures | 11123 | 1 |
| Financial Intermediation, Transparency Lab, Experiment Center | Experimental Studies on Ambiguity and Ambiguity Aversion |
Jan Pieter Krahnen, Peter Ockenfels, Christian Wilde | 2013 | ambiguity, ambiguity aversion, valuation discount, experimental economics | 11125 | 1 |
| Transparency Lab, Systemic Risk Lab, Experiment Center, Financial Intermediation | Corporate Governance in Banks |
Tim Eisert, Christian Eufinger, Andrej Gill, Christian Hirsch, Uwe Walz | 2013 | Corporate Governance, Financial Institutions, Management Compensation, Moral Hazard, Ownership Structure, Risk Shifting | 11221 | 1 |
| Systemic Risk Lab, Financial Intermediation | Leverage in Private Equity: A Potential Source of Systemic Risk? |
Christian Rauch, Uwe Walz | 2013 | Competition, Peers, LBOs, Product Market, Restructuring | 11222 | 1 |
| Financial Intermediation, Systemic Risk Lab | A New Approach to Measuring Systemic Risk: Option-implied Tail Risk Dependencies in the Financial Sector |
Holger Kraft, | 2012 | Systemic risk, Value-at-risk, Equity options, Implied volatility | 11122 | 1 |
| Financial Intermediation, Systemic Risk Lab | CDS Markets: Liquidity, Default Risk, and Correlation Risk |
Christel Merlin Kuate Kamga, Christian Wilde | 2012 | CDS, default risk, liquidity premia, financial crisis | 11124 | 1 |
Aktuelles Forschungsteam
| Forscher | Position |
|---|---|
| Bauer, Kevin | Junior Researcher |
| Bischof, Jannis | External Researcher, SAFE Fellow |
| Eckert, Sandra | External Researcher |
| Gill, Andrej | External Researcher |
| Goldmann, Matthias | Junior Researcher |
| Götz, Martin | External Researcher |
| Gründl, Helmut | External Researcher, SAFE Fellow |
| Haselmann, Rainer | Senior Researcher, SAFE Fellow |
| Hillert, Alexander | External Researcher |
| Kraft, Holger | External Researcher, SAFE Fellow |
| Krahnen, Jan Pieter | Senior Researcher |
| Li, Wenhui | Research Assistant |
| Massoc, Elsa | External Researcher |
| Mertens, Daniel | External Researcher |
| Pezone, Vincenzo | Junior Researcher |
| Schüwer, Ulrich | External Researcher, Research Affiliate |
| Skiera, Bernd | External Researcher, SAFE Fellow |
| Thiemann, Matthias | External Researcher |
| Tröger, Tobias | Senior Researcher |
| Vig, Vikrant | External Researcher, SAFE Fellow |
| Walz, Uwe | Senior Researcher |