books

SAFE Publications

Author/s Title Research Area Published Keywords
Rainer Haselmann, David Schoenherr, Vikrant Vig Rent-Seeking in Elite Networks
forthcoming in the Journal of Political Economy
Corporate Finance, Financial Institutions 2017 -
Michael Donadelli, Renatas Kizys, Max Riedel Dangerous Infectious Diseases: Bad News for Main Street, Good News for Wall Street?
forthcoming in Journal of Financial Markets
Financial Markets 2016 WHO alerts, investor sentiment, pharmaceutical industry, trading strategies
Brigitte Haar “Comply or Explain” im Spannungsfeld von Law and Finance
Vittorio Klostermann
Corporate Finance 2014
Monica Billio, Michael Donadelli, Antonio Paradiso, Max Riedel Which Market Integration Measure?
Journal of Banking and Finance
Financial Markets 2016 Equity market integration, dynamic correlation, principal components, international diversification benefits
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum
forthcoming in Journal of Risk and Insurance
Household Finance 2016 Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension
Florian Hett, Alexander Schmidt Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis
accepted for publication in the Journal of Financial Economics
Financial Institutions, Transparency Lab 2016 Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline
Sascha Baghestanian, Paul Gortner, Baptiste Massenot Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis
forthcoming in Experimental Economics
Corporate Finance 2016 compensation, liquidity, experimental asset markets, bubbles
Christian Eufinger, Andrej Gill Incentive-Based Capital Requirements
forthcoming in Management Science
Corporate Finance, Transparency Lab 2016 Basel III, capital regulation, compensation, leverage, risk
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 Institutions, Systemic Risk Lab 2016
Michael Kosfeld, Ulrich Schüwer Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
forthcoming in Review of Finance
Household Finance 2016 consumer education,financial literacy, bounded rationality, competition, regulation
Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide Competition Between Equity Markets: A Review of the Consolidation Versus Fragmentation Debate
forthcoming in the Journal of Economic Surveys
Financial Markets 2016 Competition, Fragmentation, Market Structure, Liquidity, Price Discovery
Holger Kraft, Thomas Seiferling, Frank Thomas Seifried Optimal Consumption and Investment with Epstein-Zin Recursive Utility
Finance and Stochastics
Financial Markets 2017 consumption-portfolio choice, asset pricing, stochastic differential utility, incomplete markets, fixed point approach, FBSDE
Emanuel Bayer, Bernd Skiera, Kapil Tuli Do Disclosures of Customer Metrics Lower Investors’ and Analysts’ Uncertainty, But Hurt Firm Performance?
forthcoming in Journal of Marketing Research
Corporate Finance 2016
Shafik Hebous, Alfons Weichenrieder Toward a Mutualization of European Unemployment Insurance? On Limiting the Downsides of a Fiscal Transfer System for the Eurozone
CESifo Economic Studies
Macro Finance 2016 EMU, Eurozone, European unemployment insurance, fiscal transfers
Mohamed Aldegwy, Matthias Thiemann Von mikro- zu makroprudenzieller Regulierung
Springer
Macro Finance 2016 Banking Regulation, Systemic Risk, Formalism, Equilibrium Thinking, Discourse, Citation Network Analysis
Brigitte Haar Freedom of Contract and Financial Stability
European Business Organization Law Review
Systemic Risk Lab, Corporate Finance 2016
Michael Donadelli, Patrick Grüning Labor Market Dynamics, Endogenous Growth and Asset Prices
Economics Letters
Financial Markets 2016 http://www.sciencedirect.com/science/article/pii/S0165176516300933
Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner Consumption Habits and Humps
forthcoming in Economic Theory
Household Finance 2016 Consumption hump, life-cycle utility maximization, habit formation, impatience
Vilen Lipatov, Alfons Weichenrieder A Decentralization Theorem of Taxation
CESifo Economic Studies
Macro Finance 2016 fiscal federalism, taxing rights, decentralization theorem
Brigitte Haar Investor Protection Through Model Case Procedures – Implementing Collective Goals and Individual Rights Under the 2012 Amendment to the German Capital Markets Model Case Act (KapMuG)
European Business Organization Law Review
Corporate Finance 2014 collective litigation, investor protection, test cases, German Capital Markets Model Case Act (KapMuG)
Andrej Gill, Nikolai Visnjic Performance Benefits of Tight Control
The Journal of Private Equity
Corporate Finance, Transparency Lab 2015 private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance
Adrian Buss, Bernard Dumas, Raman Uppal, Grigory Vilkov The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis
Journal of Monetary Economics
Financial Markets 2016 Tobin tax, borrowing constraints, short-sale constraints, stock market volatility, incomplete markets, differences of opinion
Jens-Hinrich Binder To Ring-Fence or Not, and How? Strategic Questions for Post-Crisis Banking Reform in Europe
CH Beck (forthcoming)
Financial Institutions 2016
Jens-Hinrich Binder Komplexitätsbewältigung durch Verwaltungsverfahren?
Zeitschrift für das gesamte Handels- und Wirtschaftsrecht
Financial Institutions 2015
Alexander Ludwig On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium
Journal of Monetary Economics, Vol 77, pp. 72-98
Macro Finance 2016 Progressive Taxation, Education Subsidy, Transitional Dynamics
Douglas Cumming, Uwe Walz, Jochen Christian Werth Entrepreneurial Spawning: Experience, Education, and Exit
Financial Review
Corporate Finance 2016 Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit
Monica Billio, Lorenzo Frattarolo, Loriana Pelizzon A Time Varying Performance Evaluation of Hedge Fund Strategies through Aggregation
Bankers, Markets and Investors
Financial Institutions 2014 Extra performances, Hedge funds, Markov switching models, Financial crises
Tobias Tröger A Political Economy Perspective on Common Supervision in the Eurozone
Cambridge University Press
Financial Institutions 2015
Gabriele Camera, Alessandro Gioffré A Tractable Analysis of Contagious Equilibria
Journal of Mathematical Economics
Macro Finance 2015 Cooperation, Social norms, Grim trigger, Random matching
Moritz Christian Weber, Christine Zulehner Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?
Journal of the European Economic Association
Corporate Finance 2014
Jan Pieter Krahnen, Laura Moretti Bail-In Clauses
Cambridge University Press
Financial Institutions 2015
Loriana Pelizzon, Domenico Sartore Deciphering the Libor and Euribor Spreads during the Subprime Crisis
North American Journal of Economics and Finance
Financial Institutions 2013 Subprime crisis, Collateral, Liquidity, Unconventional monetary policy
Klaus Gugler, Michael Weichselbaumer, Christine Zulehner Competition in the Economic Crisis: Analysis of Procurement Auctions
European Economic Review
Corporate Finance 2015 Construction procurement, First-price auctions, Private values, Economic crisis, Government stimulus
Franz Hackl, Michael Kummer, Rudolf Winter-Ebmer, Christine Zulehner Market Structure and Market Performance in E-Commerce
European Economic Review
Corporate Finance 2014 Retailing, Product life cycle, Market structure, Market performance, Markup, Price dispersion
Helmut Mahringer, Christine Zulehner Child-Care Costs and Mothers’ Employment Rates: An Empirical Analysis for Austria
Review of Economics of the Household
Corporate Finance 2013 Child-care, Labour supply, Bivariate sample selection, Matched survey and administrative data
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner The Distribution of the Gender Pay Gap in Austria: Evidence from Matched Employer-Employee Data and Tax Records
Journal for Labour Market Resarch
Corporate Finance 2013 gender wage differentials, quantile regressions, decomposition, matched employer-employee data
René Böheim, Klemens Himpele, Helmut Mahringer, Christine Zulehner The Gender Wage Gap in Austria: Eppur si muove!
Empirica
Corporate Finance 2013 Gender wage differentials, Wage inequality, Decomposition, Matched employer-employee data
Ester Faia, Isabel Schnabel The road from micro-prudential to macro-prudential regulation
Cambridge University Press
Macro Finance 2015
Kosmas Kaprinis, Katja Langenbucher Private Enforcement of Investor Protection – is Private Law up for the Challenge? A Glance at the United Kingdom
Vittorio Klostermann
Household Finance 2014
Giuliano Curatola, Michael Donadelli, Patrick Grüning Matching the BRIC equity premium: A structural approach
Emerging Markets Review
Financial Markets 2015 BRIC countries, Equity risk premium, Long-run risk, Persistence
Giuliano Curatola Loss aversion, habit formation and the term structures of equity and interest rates
Journal of Economic Dynamics and Control
Financial Markets, Macro Finance 2015 Loss-aversion, Habit formation, Yield curve, Dividend strips, General equilibrium
Tobias Tröger How Special Are They? Targeting Systemic Risk by Regulating Shadow Banks
Cambridge University Press
Financial Institutions 2016 shadow banking, regulatory arbitrage, prudential supervision
Dirk Hackbarth, Rainer Haselmann, David Schoenherr Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act
Review of Financial Studies
Financial Institutions 2015 financial distress, law and finance, shareholder recovery, stock returns
Markus Behn, Rainer Haselmann, Paul Wachtel Pro-Cyclical Capital Regulation and Lending
The Journal of Finance
Financial Institutions 2016 capital regulation, credit crunch, financial crisis, pro-cyclicality
Silvia Bressan, Noemi Pace, Loriana Pelizzon Health status and portfolio choice: Is their relationship economically relevant?
International Review of Financial Analysis
Household Finance 2014 Household portfolios, Health status
Axel Börsch-Supan, Klaus Härtl, Alexander Ludwig Aging in Europe: Reforms, International Diversification, and Behavioral Reactions
American Economic Review Papers and Proceedings
Macro Finance 2014
Alexander Ludwig, Alexander Zimper Biased Bayesian learning with an application to the risk-free rate puzzle
Journal of Economic Dynamics and Control
Macro Finance 2014 Ambiguity, Non-additive probability measures, Bayesian learning, Truncated normal distribution, Risk-free rate puzzle
Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla Optimal life cycle portfolio choice with variable annuities offering liquidity and investment downside protection
Insurance: Mathematics and Economics
Household Finance 2015 dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income
Tobias Tröger Corporate Groups – A German’s European Perspective
Mohr Siebeck
Corporate Finance 2015 Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interesterest, Minority Shareholder Protection, Creditor Protection
Christine Moorman, Simone Wies Going Public: How Stock Market Participation Changes Firm Innovation Behavior
Journal of Marketing Research
Financial Markets 2015 Innovation, breakthrough innovation, stock market impact, IPO, marketing-finance interface, consumer packaged goods
Guido Friebel, Matthias Heinz Media slant against foreign owners: Downsizing
Journal of Public Economics
Corporate Finance 2014 Media economics, Globalization, Economic xenophobia, Multi-national enterprises, Foreign direct investment
Michael Haliassos Keeping Households out of Financial Trouble
Cambridge University Press
Household Finance 2015
Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen Risk aversion and religion
Journal of Risk and Uncertainty
Household Finance 2013
Tobias Tröger Vertragsrechtliche Fragen negativer Zinsen auf Einlagen
Neue Juristische Wochenschrift
Financial Institutions 2015
Guglielmo Maria Caporale, Michael Donadelli, Alessia Varani International Capital Markets Structure, Preferences and Puzzles: A US-China World
Journal of International Financial Markets, Institutions and Money
Financial Markets 2015 Macro-anomalies, Financial autarky, Complete markets, Long-run innovations, Home bias
Brigitte Haar European Financial Regulation – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration
Oxford University Press
Financial Institutions, Systemic Risk Lab 2015 Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism
Katja Langenbucher Household Finance and the Law – a Case Study on Economic Transplants
Cambridge University Press
Household Finance 2015
Martin Götz, Luc Laeven, Ross Levine Does the Geographic Expansion of Bank Assets Reduce Risk?
Journal of Financial Economics
Financial Institutions 2016 Banking, Bank Regulation, Financial Stability, Risk, Hedging, Business Cycles, Industrial Structuree
Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide The State of Play in European Over-the-Counter Equities Trading
Journal of Trading
Financial Markets 2015
Peter Gomber, Benedikt Jaeger MiFID: Eine systematische Analyse der Zielerreichung
Zeitschrift für Bankrecht und Bankwirtschaft
Financial Markets 2014
Max Groneck, Alexander Ludwig, Alexander Zimper A Life-Cycle Model with Ambiguous Survival Beliefs
Journal of Economic Theory
Household Finance, Macro Finance 2016 Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
Alfons Weichenrieder, Jochen Zimmer Euro Membership and Fiscal Reaction Functions
International Tax and Public Finance
Macro Finance 2014 debt sustainability, fiscal reaction function, euro area
Gabriele Camera, Alessandro Gioffré Game-Theoretic Foundations of Monetary Equilibrium
Journal of Monetary Economics
Macro Finance 2014 Social norms, repeated games, cooperation, payment systems
Zeno Adams, Roland Füss, Reint Gropp Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach
Journal of Financial and Quantitative Analysis
Systemic Risk Lab, Financial Institutions 2014 Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds
Holger Kraft, Frank Thomas Seifried Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility
Journal of Economic Theory
Financial Markets 2014 stochastic differential utility, recursive utility, convergence, backward stochastic differential equation
Nicole Branger, Holger Kraft, Christoph Meinerding Partial Information about Contagion Risk, Self-Exciting Processes and Portfolio Optimization
Journal of Economic Dynamics and Control
Systemic Risk Lab, Financial Markets, Transparency Lab 2014 Asset Allocation, Contagion, Nonlinear Filtering, Hidden State, Self-exciting Processes
Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini Household Debt and Social Interactions
Review of Financial Studies
Household Finance 2014 household finance, household debt, social interactions, mortgages, consumer credit, informal loans
Marcel Bluhm, Jan Pieter Krahnen Systemic Risk in an Interconnected Banking System with Endogenous Asset Markets
Journal of Financial Stability
Systemic Risk Lab, Macro Finance 2014 systemic risk, systemic risk charge, macroprudential supervision, Shapley value, financial network
Ignazio Angeloni, Ester Faia, Roland Winkler Exit Strategies
European Economic Review
Macro Finance 2014 exit strategies, debt consolidation, ?fiscal policy, ?fiscal multipliers, monetary policy, bank runs
Yacine Aït-Sahalia, Roger J. A. Laeven, Loriana Pelizzon Mutual Excitation in Eurozone Sovereign CDS
Journal of Econometrics
Systemic Risk Lab, Financial Markets, Macro Finance 2014 CDS, Sovereign risk, Systemic risk, Jumps, Feedback, Hawkes processes, Mutually exciting processes, Impulse-response
Iñaki Aldasoro, Ignazio Angeloni Input-Output-Based Measures of Systemic Importance
Quantitative Finance
Systemic Risk Lab, Macro Finance 2015 banks, input-output, systemic risk, too-interconnected-to-fail, networks, interbank markets
Dirk Bursian, Markus Roth Optimal Policy and Taylor Rule Cross-Checking Under Parameter Uncertainty
The B.E. Journal of Macroeconomics
Macro Finance 2014 Optimal monetary policy, parameter uncertainty, Taylor rule
Fabio Castiglionesi, Fabio Feriozzi, Gyongyi Loranth, Loriana Pelizzon Liquidity Coinsurance and Bank Capital
Journal of Money Credit and Banking
Financial Institutions 2014 Bank Capital, Interbank Markets, Liquidity Coinsurance
Elia Berdin, Helmut Gründl The Effects of a Low Interest Rate Environment on Life Insurers
The Geneva Papers on Risk and Insurance: Issues and Practice
Financial Institutions 2015 Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II
Ignazio Angeloni, Marco Lo Duca, Ester Faia Monetary Policy and Risk Taking
Journal of Economic Dynamics and Control
Macro Finance 2015 bank runs, risk taking, monetary policy
Dirk Bursian, Sven Fürth Trust Me! I am a European Central Banker
Journal of Money, Credit and Banking
Macro Finance, Systemic Risk Lab 2015 Central Banking, European Central Bank, Financial Crisis, Fiscal Crisis, Trust
Tobias Tröger The Single Supervisory Mechanism – Panacea or Quack Banking Regulation?
European Business Organization Law Review
Financial Institutions 2014 prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA)
Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation
Journal of Pension Economics & Finance
Household Finance, Macro Finance 2017 population aging, human capital, welfare, pension reform, retirement age, open economy
Sascha Baghestanian, Todd B. Walker Anchoring in Experimental Asset Markets
Journal of Economic Behavior and Organization
Financial Markets 2015 Experimental Asset Markets, Anchoring, Bubbles
Helmut Gründl, Tobias Niedrig The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II
The Geneva Papers on Risk and Insurance: Issues and Practice
Financial Institutions 2015 Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness
Tobias Niedrig Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation
Journal of Insurance Issues
Financial Institutions 2015 Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness
Carlo Favero, Francesco Giavazzi, Andreas Müller The Output Effect of Fiscal Consolidation Plans
Journal of International Economics
Macro Finance 2015 fiscal adjustment, confidence, investment
Dirk Bursian, Alfons Weichenrieder, Jochen Zimmer Trust in Government and Fiscal Adjustments
International Tax and Public Finance
Macro Finance, Systemic Risk Lab 2015 trust, debt sustainability, fiscal reaction function, euro area, EU
Daniel Harenberg, Alexander Ludwig Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk
International Tax and Public Finance
Household Finance, Macro Finance 2015 social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out
Tobias Tröger Regulatory Influence on Market Conditions in the Banking Union
European Business Organization Law Review
Financial Institutions 2015 banking union, macro-prudential supervision, real estate lending, bail-in, market discipline
Nicole Branger, Christian Schlag, Lue Wu "Nobody is Perfect": Asset Pricing and Long-Run Survival When Heterogeneous Investors Exhibit Different Kinds of Filtering Errors
Journal of Economic Dynamics and Control
Financial Markets 2015 General Equilibrium, Asset Allocation, Learning, Different Beliefs, Over-Confidence
Nicole Branger, Holger Kraft, Christoph Meinerding The Dynamics of Crises and the Equity Premium
Review of Financial Studies
Systemic Risk Lab, Financial Markets 2016 General Equilibrium, Asset Pricing, Recursive Preferences, Long-Run Risk, Disaster Models
Anne-Caroline Hüser Too Interconnected to Fail: A Survey of the Interbank Networks Literature
Journal of Network Theory in Finance
Macro Finance 2015 Interbank networks, systemic risk, contagion, banking, macro-prudential policy
Marius Ascheberg, Nicole Branger, Holger Kraft, Frank Thomas Seifried When Do Jumps Matter for Portfolio Optimization?
Quantitative Finance
Financial Markets 2016 Optimal investment, jumps, stochastic volatility, welfare loss
Loriana Pelizzon, Marti Subrahmanyam, Davide Tomio, Jun Uno Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina?
Journal of Financial Economics
Systemic Risk Lab, Financial Markets 2016 Liquidity, Credit Risk, Euro-zone Government Bonds, Financial Crisis, MTS Bond Market
Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen Life Insurance Demand under Health Shock Risk
forthcoming in Journal of Risk and Insurance
Household Finance 2016 Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk
Baptiste Massenot, Stéphane Straub Informal Sector and Economic Growth: The Credit Supply Channel
Economic Inquiry
Macro Finance 2016
Andreas Hackethal Financial Advice
E. Faia, A. Hackethal, M. Haliassos, K. Langenbucher (Eds.), Financial Regulation: A Transatlantic Perspective (Cambridge University Press), pp. 245-270
Household Finance 2015