SAFE Working Paper Series

Nr.Forscher/innenTitelPubliziertPublikationsreiheBereichJahrKeywordsForscher/innenCreation DateTypeBereichBereich
418Ioannis Asimakopoulos, Tobias TrögerReform of the CMDI Framework – Driving Off With the Breaks On
SAFE Working Paper No. 418
May 2024 Working Papers Financial Intermediation, Law and Finance 1714514400SAFE Working Paper
417Thiago Fauvrelle, Max Riedel,
Mathias Skrutkowski
Collateral Pledgeability and Asset Manager Portfolio Choices During Redemption Waves
SAFE Working Paper No. 417
Apr 2024 Working Papers Financial Intermediation 1711922400SAFE Working Paper
416Olga Balakina,
Claes Bäckman,
Anastasiia Parakhoniak
Beyond Connectivity: Stock Market Participation in a Network
SAFE Working Paper No. 416
Mar 2023 Working Papers Household Finance 1677625200SAFE Working Paper
415Monica Billio, Aoife Fitzpatrick,
Carmelo Latino,
Loriana Pelizzon
Unpacking the ESG Ratings: Does One Size Fit All?
SAFE Working Paper No. 415
Feb 2024 Working Papers Financial Markets 1706742000SAFE Working Paper
414Peter Andre,
Teodora Boneva, Felix Chopra, Armin Falk
Misperceived Social Norms and Willingness to Act Against Climate Change
SAFE Working Paper No. 414
Feb 2024 Working Papers Household Finance, 1706742000SAFE Working Paper
413Errikos MelissinosReal Term Premia in Consumption-Based Models
SAFE Working Paper No. 413
Jan 2024 Working Papers 1704063600SAFE Working Paper
412Max Grossmann, Andreas Hackethal,
Marten Laudi, Thomas Pauls
Conform to the Norm. Peer Information and Sustainable Investments
SAFE Working Paper No. 412
Dec 2023 Working Papers Household Finance 1701385200SAFE Working Paper
411Peter Andre,
Marc Kaufmann, Botond Köszegi
Understanding Markets with Socially Responsible Consumers
SAFE Working Paper No. 411
Dec 2023 Working Papers Household Finance, 1701385200SAFE Working Paper
410Carmelo LatinoSurfing the Green Wave: What’s in a “Green” Name Change?
SAFE Working Paper No. 410
Dec 2023 Working Papers Financial Markets 1701385200SAFE Working Paper
409Kevin Bauer, Yan Chen, Florian Hett,
Michael Kosfeld
Group Identity and Belief Formation: A Decomposition of Political Polarization
SAFE Working Paper No. 409
Dec 2023 Working Papers Household Finance, 1701385200SAFE Working Paper
408Robert F. Dittmar, Christian Schlag,
Julian Thimme
Non-Substitutable Consumption Growth Risk
SAFE Working Paper No. 408
Dec 2023 Working Papers Financial Markets 1701385200SAFE Working Paper
407Michele Costola, Matteo Iacopini, Casper WichersBayesian SAR Model with Stochastic Volatility and Multiple Time-Varying Weights
SAFE Working Paper No. 407
Nov 2023 Working Papers Financial Markets 1698793200SAFE Working Paper
406Peter Andre,
Philipp Schirmer,
Johannes Wohlfart
Mental Models of the Stock Market
SAFE Working Paper No. 406
Nov 2023 Working Papers Household Finance, Financial Markets, 1698793200SAFE Working Paper
405Peter AndreShallow Meritocracy
SAFE Working Paper No. 405
Oct 2023 Working Papers Household Finance, 1696111200SAFE Working Paper
404Christian Alemán-Pericón, Christopher Busch,
Alexander Ludwig,
Raül Santaeulàlia-Llopis
Stage-Based Identification of Policy Effects
SAFE Working Paper No. 404
Oct 2023 Working Papers Macro Finance 1696111200SAFE Working Paper
403Monica Billio, Roberto Casarin, Michele CostolaLearning from Experts: Energy Efficiency in Residential Buildings
SAFE Working Paper No. 403
Oct 2023 Working Papers Financial Markets 1696111200SAFE Working Paper
402Julian Detemple, Michael KosfeldFairness and Inequality in Institution Formation
SAFE Working Paper No. 402
Sep 2023 Working Papers Household Finance, 1693519200SAFE Working Paper
401Kevin Bauer, Oliver Hinz,
Michael Kosfeld,
Lena Liebich
Decoding GPT’s Hidden ‘Rationality’ of Cooperation
SAFE Working Paper No. 401
Sep 2023 Working Papers Household Finance, 1693519200SAFE Working Paper
400Andreas Hackethal,
Philip Schnorpfeil, Michael Weber
Households’ Response to the Wealth Effects of Inflation
SAFE Working Paper No. 400
Sep 2023 Working Papers Household Finance 1693519200SAFE Working Paper
399Raimond Maurer,
Sehrish Usman
Dynamics of Life Course Family Transitions in Germany: Exploring Patterns, Process and Relationships
SAFE Working Paper No. 399
Sep 2023 Working Papers Household Finance 1693519200SAFE Working Paper
398Pantelis Karapanagiotis,
Marius Liebald
Entity Matching with Similarity Encoding: A Supervised Learning Recommendation Framework for Linking (Big) Data
SAFE Working Paper No. 398
Aug 2023 Working Papers Law and Finance, 1690840800SAFE Working Paper
397Matteo Bagnara, Milad GoodarziClustering-Based Sector Investing
SAFE Working Paper No. 397
Aug 2023 Working Papers Financial Markets 1690840800SAFE Working Paper
396Nils Grevenbrock, Alexander Ludwig,
Nawid Siassi
Homeownership Rates, Housing Policies, and Co-Residence Decisions
SAFE Working Paper No. 396
Jul 2023 Working Papers Macro Finance 1688162400SAFE Working Paper
395Ruggero Jappelli,
Loriana Pelizzon,
Marti Subrahmanyam
Quantitative Easing, the Repo Market, and the Term Structure of Interest Rates
SAFE Working Paper No. 395
Jul 2023 Working Papers Financial Markets 1688162400SAFE Working Paper
394Kevin Bauer, Oliver Hinz,
Moritz von Zahn
Please Take Over: XAI, Delegation of Authority, and Domain Knowledge
SAFE Working Paper No. 394
Jul 2023 Working Papers Financial Intermediation, 1688162400SAFE Working Paper
393Michael Kosfeld,
Zahra Sharafi
The Preference Survey Module: Evidence on Social Preferences from Tehran
SAFE Working Paper No. 393
Jul 2023 Working Papers Household Finance, 1688162400SAFE Working Paper
392Christian MückeBank Dividend Restrictions and Banks’ Institutional Investors
SAFE Working Paper No. 392
Jul 2023 Working Papers Financial Markets 1688162400SAFE Working Paper
391Carmelo Latino,
Loriana Pelizzon,
Max Riedel
How to Green the European Auto ABS Market? A Literature Survey
SAFE Working Paper No. 391
Jun 2023 Working Papers Financial Markets 1685570400SAFE Working Paper
390Kamelia Kosekova, Angela Maddaloni, Melina Papoutsi, Fabiano SchivardiFirm-Bank Relationships: A Cross-Country Comparison
SAFE Working Paper No. 390
Jun 2023 Working Papers Financial Markets 1685570400SAFE Working Paper
389Stefan Goldbach, Philipp Harms, Axel Jochem,
Volker Nitsch, Alfons J. Weichenrieder
Retained Earnings and Foreign Portfolio Ownership: Implications for the Current Account Debate
SAFE Working Paper No. 389
May 2023 Working Papers Macro Finance 1682892000SAFE Working Paper
388Gill Segal, Ivan ShaliastovichUncertainty, Risk, and Capital Growth
SAFE Working Paper No. 388
May 2023 Working Papers Financial Markets 1682892000SAFE Working Paper
387Michele Costola, Katia VozianPricing Climate Transition Risk: Evidence from European Corporate CDS
SAFE Working Paper No. 387
May 2023 Working Papers Financial Markets 1682892000SAFE Working Paper
386Alperen Afşin Gözlügöl, Wolf-Georg RingeNet-Zero Transition and Divestments of Carbon-Intensive Assets
SAFE Working Paper No. 386
May 2023 Working Papers Law and Finance 1682892000SAFE Working Paper
385Angela MaddaloniLiquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds
SAFE Working Paper No. 385
Mar 2023 Working Papers Financial Intermediation 1677625200SAFE Working Paper
384Julian Greth,
Alperen Afşin Gözlügöl, Tobias Tröger
The Oscillating Domains of Public and Private Markets
SAFE Working Paper No. 384
Mar 2023 Working Papers Law and Finance 1677625200SAFE Working Paper
383Satyajit Dutt, Jan Wedigo RadermacherAge, Wealth, and the MPC in Europe - A Supervised Machine Learning Approach
SAFE Working Paper No. 383
Feb 2023 Working Papers Household Finance 1675206000SAFE Working Paper
382Jan Wedigo RadermacherMamma Mia! Revealing Hidden Heterogeneity by PCA-Biplot - MPC Puzzle for Italy’s Elderly Poor
SAFE Working Paper No. 382
Feb 2023 Working Papers Household Finance 1675206000SAFE Working Paper
381Olga Goldfayn-Frank, Nathanael VellekoopThe Role of Personality Traits in Household Loan Expectations and Borrowing Constraints
SAFE Working Paper No. 381
Jan 2023 Working Papers Financial Intermediation, Household Finance 1672527600SAFE Working Paper
380Alexander Hillert,
Alexandra Niessen-Ruenzi, Stefan Ruenzi
Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior
SAFE Working Paper No. 380
Feb 2023 Working Papers Financial Markets, 1675206000SAFE Working Paper
379Irene Mecatti, Tobias TrögerWho Should Hold Bail-Inable Debt and How can Regulators Police Holding Restrictions Effectively?
SAFE Working Paper No. 379
Jan 2023 Working Papers Law and Finance 1672527600SAFE Working Paper
378Sabine Bernard, Benjamin Loos, Martin WeberHow Speculative Asset Characteristics Shape Retail Investors’ Selling Behavior
SAFE Working Paper No. 378
Jan 2023 Working Papers Household Finance 1672527600SAFE Working Paper
377Konstantin EgorovOptimal Policy under Dollar Pricing
SAFE Working Paper No. 377
Jan 2023 Working Papers Macro Finance 1672527600SAFE Working Paper
376Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig,
Carolin Nerlich
Climate Change Mitigation: How Effective is Green Quantitative Easing?
SAFE Working Paper No. 376
Dec 2022 Working Papers Macro Finance 1669849200SAFE Working Paper
375Abigail Hurwitz, Olivia S. Mitchell,
Orly Sade
Testing Methods to Enhance Longevity Awareness
SAFE Working Paper No. 375
Dec 2022 Working Papers Household Finance 1669849200SAFE Working Paper
374Franco Fiordelisi, Giulia Fusi, Angela Maddaloni, David Marqués-IbáñezPandemic Lending: Micro and Macro Effects of Model-Based Regulation
SAFE Working Paper No. 374
Dec 2022 Working Papers Financial Intermediation 1669849200SAFE Working Paper
373Andreas Hackethal,
Tobin Hanspal, Emily Kormanyos
Do Gamblers Invest in Lottery Stocks?
SAFE Working Paper No. 373
Dec 2022 Working Papers Household Finance 1669849200SAFE Working Paper
372Alessandro Pollastri, Paulo Rodrigues, Christian Schlag,
Norman Seeger
A Jumping Index of Jumping Stocks? An MCMC Analysis of Continuous-Time Models for Individual Stocks
SAFE Working Paper No. 372
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
371Mariano Massimiliano Croce, Tatyana Marchuk, Christian SchlagThe Leading Premium
SAFE Working Paper No. 371
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
370Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz,
Michael Nofer
The Effects of Discontinuing Machine Learning Decision Support
SAFE Working Paper No. 370
Dec 2022 Working Papers Financial Intermediation, 1669849200SAFE Working Paper
369Katja LangenbucherConsumer Credit in The Age of AI – Beyond Anti-Discrimination Law
SAFE Working Paper No. 369
Dec 2022 Working Papers Law and Finance 1669849200SAFE Working Paper
368Vanya Horneff, Raimond Maurer,
Olivia S. Mitchell
How Would 401(k) ‘Rothification’ Alter Saving, Retirement Security, and Inequality?
SAFE Working Paper No. 368
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
367Micha Bender, Benjamin Clapham, Peter Gomber,
Jens Lausen
Drivers and Effects of Stock Market Fragmentation - Insights on SME Stocks
SAFE Working Paper No. 367
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
366Satchit Sagade, Stefan Scharnowski, Christian WestheideBroker Colocation and the Execution Costs of Customer and Proprietary Orders
SAFE Working Paper No. 366
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
365Caroline Fohlin,
Zhikun Lu, Nan Zhou
Short Sale Bans May Improve Market Quality During Crises: New Evidence from the 2020 Covid Crash
SAFE Working Paper No. 365
Dec 2022 Working Papers Financial Markets, 1669849200SAFE Working Paper
364Rachel NamOpen Banking and Customer Data Sharing: Implications for FinTech Borrowers
SAFE Working Paper No. 364
Dec 2022 Working Papers Financial Markets 1669849200SAFE Working Paper
363Kevin Bauer, Oliver Hinz,
Johanna Jagow, Maximilian Speicher, Moritz von Zahn
The Smart Green Nudge: Reducing Product Returns through Enriched Digital Footprints & Causal Machine Learning
SAFE Working Paper No. 363
Oct 2022 Working Papers Financial Intermediation, 1664575200SAFE Working Paper
362Tabea Bucher-Koenen, Andreas Hackethal,
Johannes Kasinger, Christine Laudenbach
Disparities in Financial Literacy, Pension Planning, and Saving Behavior
SAFE Working Paper No. 362
Oct 2022 Working Papers Household Finance 1664575200SAFE Working Paper
361Ata Can Bertay, José Gabo Carreño Bustos, Harry Huizinga, Burak Uras, Nathanael VellekoopTechnological Change and the Finance Wage Premium
SAFE Working Paper No. 361
Oct 2022 Working Papers Macro Finance 1664575200SAFE Working Paper
360Alfons J. WeichenriederA Note on the Role of Monetary Policy When Natural Gas Supply Is Inelastic
SAFE Working Paper No. 360
Sep 2022 Working Papers Macro Finance 1661983200SAFE Working Paper
359Spencer Yongwook Kwon, Yueran Ma, Niklas Kaspar Zimmermann100 Years of Rising Corporate Concentration
SAFE Working Paper No. 359
Sep 2022 Macro Finance 1661983200SAFE Working Paper
358Matteo Bagnara, Ruggero JappelliLiquidity Derivatives
SAFE Working Paper No. 358
Sep 2022 Working Papers Financial Markets 1661983200SAFE Working Paper
357Huynh Sang Truong, Uwe WalzSpillovers of PE Investments
SAFE Working Paper No. 357
Sep 2022 Working Papers Financial Intermediation 1661983200SAFE Working Paper
356Markus EytingWhy do we Discriminate? The Role of Motivated Reasoning
SAFE Working Paper No. 356
Sep 2022 Working Papers Household Finance, 1661983200SAFE Working Paper
355Stephan Jank, Emanuel Moench, Michael SchneiderSafe Asset Shortage and Collateral Reuse
SAFE Working Paper No. 355
Jul 2022 Working Papers Financial Markets 1656626400SAFE Working Paper
354Sebastian SteuerCommon Ownership and the (Non-)Transparency of Institutional Shareholdings: An EU-US Comparison
SAFE Working Paper No. 354
Jul 2022 Working Papers Law and Finance 1656626400SAFE Working Paper
353Olga Balakina,
Claes Bäckman,
Andreas Hackethal,
Tobin Hanspal, Dominique Lammer
Personal Recommendations and Portfolio Quality
SAFE Working Paper No. 353
Jul 2022 Working Papers Household Finance 1656626400SAFE Working Paper
352Monica Billio, Michele Costola, Loriana Pelizzon,
Max Riedel
Creditworthiness and buildings’ energy efficiency in the Italian mortgage market
SAFE Working Paper No. 352
Jun 2022 Working Papers Financial Markets 1654034400SAFE Working Paper
351Markus Dertwinkel-Kalt, Johannes Kasinger, Dmitrij SchneiderSkewness Preferences: Evidence from Online Poker
SAFE Working Paper No. 351
Jun 2022 Working Papers Financial Intermediation 1654034400SAFE Working Paper
350Ruggero Jappelli,
Konrad Lucke,
Loriana Pelizzon
Price and Liquidity Discovery in European Sovereign Bonds and Futures
SAFE Working Paper No. 350
Apr 2022 Working Papers Financial Markets 1648764000SAFE Working Paper
349Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino,
Loriana Pelizzon
Sustainable Finance: A journey toward ESG and climate risk
SAFE Working Paper No. 349
Apr 2022 Working Papers Financial Markets 1648764000SAFE Working Paper
348Fabian Nemeczek, Jan Wedigo RadermacherPersonality-Augmented MPC: Linking Survey and Transaction Data to Explain MPC Heterogeneity by Big Five Personality Traits
SAFE Working Paper No. 348
Apr 2022 Working Papers Household Finance 1648764000SAFE Working Paper
347Andrej Gill,
Florian Hett,
Johannes Tischer
Time Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments
SAFE Working Paper No. 347
Apr 2022 Working Papers Household Finance, 1648764000SAFE Working Paper
346Roman Inderst, Marcus OppSocially Optimal Sustainability Standards with Non-Consequentialist ("Warm Glow") Investors
SAFE Working Paper No. 346
Mar 2022 Working Papers Financial Intermediation, Law and Finance, Household Finance 1646089200SAFE Working Paper
345Florian Heider,
Roman Inderst
A Corporate Finance Perspective on Environmental Policy
SAFE Working Paper No. 345
Mar 2022 Working Papers Financial Intermediation, Law and Finance, Household Finance 1646089200SAFE Working Paper
344Steffen Eibelshäuser, Fabian SmetakFrequent Batch Auctions and Informed Trading
SAFE Working Paper No. 344
Mar 2022 Working Papers Household Finance, Financial Markets 1646089200SAFE Working Paper
343Alessandro Di Nola, Leo Kaas,
Haomin Wang
Rescue Policies for Small Businesses in the COVID-19 Recession
SAFE Working Paper No. 343
Mar 2022 Working Papers Macro Finance 1646089200SAFE Working Paper
342Alperen Afşin Gözlügöl, Wolf-Georg RingePrivate Companies: The Missing Link on The Path to Net Zero
SAFE Working Paper No. 342
Mar 2022 Working Papers Law and Finance 1646089200SAFE Working Paper
341Sandra EckertThe Limits of Joint-Institutional Frameworks for Sectoral Governance in EU-Swiss Bilateral Relations: Lessons for Future Relations with the UK
SAFE Working Paper No. 341
Feb 2022 Working Papers Financial Intermediation 1643670000SAFE Working Paper
340Anastasia Kotovskaia, Tobias TrögerNational Interests and Supranational Resolution in the European Banking Union
SAFE Working Paper No. 340
Feb 2022 Working Papers Financial Intermediation, Law and Finance, Financial Markets 1643670000SAFE Working Paper
339Sandra Eckert,
Vincent R. Lindner,
Andreas Nölke
Political Science Research on the Reasons for the (non) Adoption and (non) Implementation of EMU Reform Proposals: The State of the Art
SAFE Working Paper No. 339
Jan 2022 Working Papers Macro Finance 1640991600SAFE Working Paper
338Elsa MassocFifty Shades of Hatred and Discontent - Varieties of Anti-finance Discourses on the European Twitter (France, Germany, Italy, Spain and the UK)
SAFE Working Paper No. 338
Jan 2022 Working Papers Law and Finance 1640991600SAFE Working Paper
337Maximilian Lubda, Elsa MassocSocial Media, Polarization and Democracy: A Multi-Methods Analysis of Polarized Users’ Interactions on Reddit’s r/WallStreetBets
SAFE Working Paper No. 337
Jan 2022 Working Papers Law and Finance 1640991600SAFE Working Paper
336Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Pivotality
SAFE Working Paper No. 336
Jan 2022 Working Papers Household Finance, 1640991600SAFE Working Paper
335Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Intergenerational Responsibility
SAFE Working Paper No. 335
Jan 2022 Working Papers Household Finance, 1640991600SAFE Working Paper
334Ilya Dergunov, Christoph Meinerding,
Christian Schlag
Extreme Inflation and Time-Varying Expected Consumption Growth
SAFE Working Paper No. 334
Jan 2022 Working Papers Financial Markets 1640991600SAFE Working Paper
333Vincent R. LindnerSolidarity without Conditionality. Comparing the EU Covid-19 Safety Nets SURE, Pandemic Crisis Support, and European Guarantee Fund
SAFE Working Paper No. 333
Jan 2022 Working Papers Macro Finance 1640991600SAFE Working Paper
332Gyozo Gyöngyösi, Judit Rariga, Emil VernerThe Anatomy of Consumption in a Household Foreign Currency Debt Crisis
SAFE Working Paper No. 332
Dec 2021 Working Papers Household Finance 1638313200SAFE Working Paper
331Ruggero Jappelli,
Loriana Pelizzon,
Alberto Plazzi
The Core, the Periphery, and the Disaster: Corporate-Sovereign Nexus in COVID-19 Times
SAFE Working Paper No. 331
Dec 2021 Working Papers Financial Markets 1638313200SAFE Working Paper
330Jan Krzyzanowski, Uwe WalzBank Regulation, Lending and Patenting: Evidence from the EBA Capital Exercise
SAFE Working Paper No. 330
Dec 2021 Working Papers Financial Intermediation 1638313200SAFE Working Paper
329Jana Eisenkopf, Steffen Juranek, Uwe WalzResponsible Investment and Stock Market Shocks: Short-Term Insurance and Persistent Outperformance Post-Crisis?
SAFE Working Paper No. 329
Dec 2021 Working Papers Financial Intermediation 1638313200SAFE Working Paper
328Hoang Ha Nguyen Thi, Alfons J. WeichenriederC and S Corporation Banks: Did Trump’s Tax Reform Lead to Differential Effects?
SAFE Working Paper No. 328
Dec 2021 Working Papers Macro Finance 1638313200SAFE Working Paper
327 Fincap Team, Jan Pieter Krahnen,
Loriana Pelizzon,
Christian Westheide
Non-Standard Errors
SAFE Working Paper No. 327
Nov 2021 Working Papers Financial Intermediation, Financial Markets 1635721200SAFE Working Paper
326Wenhui Li, Peter Ockenfels,
Christian Wilde
The Effect of Ambiguity on Price Formation and Trading Behavior in Financial Markets
SAFE Working Paper No. 326
Nov 2021 Working Papers Financial Markets, 1635721200SAFE Working Paper
325Alperen Afşin GözlügölThe Clash of ‘E’ and ‘S’ of ESG: Just Transition on the Path to Net Zero and the Implications for Sustainable Corporate Governance and Finance
SAFE Working Paper No. 325
Nov 2021 Working Papers Law and Finance 1635721200SAFE Working Paper
324Massimiliano Caporin, Michele CostolaTime-Varying Granger Causality Tests for Applications in Global Crude Oil Markets: A Study on the DCC-MGARCH Hong Test
SAFE Working Paper No. 324
Oct 2021 Working Papers Financial Markets 1633039200SAFE Working Paper
323Alexandre Corhay, Thilo Kind, Howard Kung, Gonzalo MoralesDiscount Rates, Debt Maturity, and the Fiscal Theory
SAFE Working Paper No. 323
Oct 2021 Working Papers Macro Finance 1633039200SAFE Working Paper
322Gianluca Anese, Marco Corazza, Michele Costola, Loriana PelizzonImpact of Public News Sentiment on Stock Market Index Return and Volatility
SAFE Working Paper No. 322
Oct 2021 Working Papers Financial Markets 1633039200SAFE Working Paper
321Ignazio Angeloni, Johannes Kasinger, Chantawit TantasithThe Geography of Banks in the United States (1990-2020)
SAFE Working Paper No. 321
Sep 2021 Working Papers Financial Intermediation 1630447200SAFE Working Paper
320Sebastian Steuer,
Tobias Tröger
The Role of Disclosure in Green Finance
SAFE Working Paper No. 320
Aug 2021 Working Papers Law and Finance 1627768800SAFE Working Paper
319Erik Theissen,
Christian Westheide
Call of Duty: Designated Market Maker Participation in Call Auctions
SAFE Working Paper No. 319
Aug 2021 Working Papers Financial Markets 1627768800SAFE Working Paper
318Kevin Bauer, Michael Kosfeld,
Ferdinand von Siemens
Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods
SAFE Working Paper No. 318
Jan 2021 Working Papers Financial Intermediation, 1609455600SAFE Working Paper
317Volker Flögel, Christian Schlag,
Claudia Zunft
Momentum-Managed Equity Factors
SAFE Working Paper No. 317
Jul 2021 Working Papers Financial Markets 1625090400SAFE Working Paper
316Christian Mücke,
Loriana Pelizzon,
Vincenzo Pezone, Anjan Thakor
The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments
SAFE Working Paper No. 316
Jul 2021 Working Papers Financial Markets 1625090400SAFE Working Paper
315Kevin Bauer, Oliver Hinz,
Moritz von Zahn
Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing
SAFE Working Paper No. 315
Jun 2021 Working Papers Financial Intermediation, 1622498400SAFE Working Paper
314Farshid Abdi, Mila Getmansky Sherman, Emily Kormanyos, Loriana Pelizzon,
Zorka Simon
The President Reacts to News Channel of Government Communication
SAFE Working Paper No. 314
May 2021 Working Papers Financial Markets 1619820000SAFE Working Paper
313Kevin Bauer, Andrej Gill Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies
SAFE Working Paper No. 313
Apr 2021 Working Papers Financial Intermediation, 1617228000SAFE Working Paper
312Can Gao, Ian MartinVolatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment
SAFE Working Paper No. 312
Jan 2021 Working Papers Financial Markets 1609455600SAFE Working Paper
311Wenhui Li, Christian WildeSeparating the Effects of Beliefs and Attitudes on Pricing under Ambiguity
SAFE Working Paper No. 311
Mar 2021 Working Papers Financial Markets, 1614553200SAFE Working Paper
310Loriana Pelizzon,
Aleksandra Rzeźnik, Kathleen Weiss Hanley
Investor Reliance on ESG Ratings and Stock Price Performance
SAFE Working Paper No. 310
Mar 2021 Working Papers Financial Markets 1614553200SAFE Working Paper
309Tabea Bucher-Koenen, Andreas Hackethal,
Johannes Koenen, Christine Laudenbach
Gender Differences in Financial Advice
SAFE Working Paper No. 309
Feb 2021 Working Papers Household Finance 1612134000SAFE Working Paper
308Thomas PaulsThe Impact of Temporal Framing on the Marginal Propensity to Consume
SAFE Working Paper No. 308
Feb 2021 Working Papers Household Finance 1612134000SAFE Working Paper
307Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit ZafarBiases in Information Selection and Processing: Survey Evidence from the Pandemic
SAFE Working Paper No. 307
Feb 2021 Working Papers Law and Finance 1612134000SAFE Working Paper
306Aljoscha Janssen, Johannes KasingerObfuscation and Rational Inattention in Digitalized Markets
SAFE Working Paper No. 306
Feb 2021 Working Papers Financial Intermediation, Financial Markets 1612134000SAFE Working Paper
305Sabine Bernard, Benjamin Loos, Martin WeberThe Disposition Effect in Boom and Bust Markets
SAFE Working Paper No. 305
Feb 2021 Working Papers Household Finance 1612134000SAFE Working Paper
304Monica Billio, Mila Getmansky Sherman, Andrew Lo, Loriana Pelizzon,
Abalfazl Zareei
Global Realignment in Financial Market Dynamics
SAFE Working Paper No. 304
Feb 2021 Working Papers Financial Markets 1612134000SAFE Working Paper
303Andreas Hackethal,
Ankit Kalda, Benjamin Loos, Alessandro Previtero
Smart (Phone) Investing? A Within Investor-Time Analysis of New Technologies and Trading Behavior
SAFE Working Paper No. 303
Feb 2021 Working Papers Household Finance 1612134000SAFE Working Paper
302Tim Alexander Kroencke, Maik Schmeling,
Andreas Schrimpf
The FOMC Risk Shift
SAFE Working Paper No. 302
Jan 2021 Working Papers Financial Markets 1609455600SAFE Working Paper
301Di Bu, Tobin Hanspal, Yin Liao, Yong LiuRisk Taking, Preferences, and Beliefs: Evidence from Wuhan
SAFE Working Paper No. 301
Mar 2020 Working Papers Household Finance 1583017200SAFE Working Paper
300Dennis Gram,
Pantelis Karapanagiotis,
Jan Krzyzanowski, Marius Liebald, Uwe Walz
An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data
SAFE Working Paper No. 300
Jan 2021 Working Papers Financial Intermediation, 1609455600SAFE Working Paper
299Ferdinand von SiemensMotivated Beliefs and the Elderly’s Compliance with COVID-19 Measures
SAFE Working Paper No. 299
Jan 2021 Working Papers Law and Finance, 1609455600SAFE Working Paper
298Emanuel Moench, Loriana Pelizzon,
Michael Schneider, Calebe de Roure
OTC Discount
SAFE Working Paper No. 298
Dec 2020 Working Papers Financial Markets, 1606777200SAFE Working Paper
297Dimitrios Kostopoulos, Steffen Meyer, Charline UhrAmbiguity and Investor Behavior
SAFE Working Paper No. 297
Nov 2020 Working Papers Household Finance 1604185200SAFE Working Paper
296Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo WixSupranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital?
SAFE Working Paper No. 296
Nov 2020 Working Papers Financial Intermediation 1604185200SAFE Working Paper
295Besart Avdiu, Alfons J. WeichenriederFinancing Costs and the Efficiency of Public-Private Partnerships
SAFE Working Paper No. 295
Nov 2020 Working Papers Macro Finance 1604185200SAFE Working Paper
294Christian Alemán-Pericón, Christopher Busch,
Alexander Ludwig,
Raül Santaeulàlia-Llopis
Evaluating the Effectiveness of Policies Against a Pandemic
SAFE Working Paper No. 294
Oct 2020 Working Papers Macro Finance 1601503200SAFE Working Paper
293Christoph Hambel, Holger Kraft,
André Meyer-Wehmann
When Should Retirees Tap Their Home Equity?
SAFE Working Paper No. 293
Oct 2020 Working Papers Household Finance 1601503200SAFE Working Paper
292Andrea ModenaRecapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking
SAFE Working Paper No. 292
Oct 2020 Working Papers Financial Markets 1601503200SAFE Working Paper
291Loriana Pelizzon,
Satchit Sagade, Katia Vozian
Resiliency: Cross-Venue Dynamics with Hawkes Processes
SAFE Working Paper No. 291
Oct 2020 Working Papers Financial Markets 1601503200SAFE Working Paper
290Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig,
Irina Popova
The Long-Term Distributional and Welfare Effects of Covid-19 School Closures
SAFE Working Paper No. 290
Sep 2020 Working Papers Macro Finance 1598911200SAFE Working Paper
289Christian Schlag,
Julian Thimme
Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models
SAFE Working Paper No. 289
Sep 2020 Working Papers Financial Markets 1598911200SAFE Working Paper
288Michele Costola, Oliver Hinz,
Michael Nofer, Loriana Pelizzon
Machine Learning Sentiment Analysis, COVID-19 News and Stock Market Reactions
SAFE Working Paper No. 288
Sep 2020 Working Papers Financial Markets 1598911200SAFE Working Paper
287Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz,
Michael Kosfeld,
Nicolas Winfried Pfeuffer
The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence
SAFE Working Paper No. 287
Sep 2020 Working Papers Financial Intermediation, 1598911200SAFE Working Paper
286Andreas Hackethal,
Michael Kirchler, Christine Laudenbach,
Michael Razen, Annika Weber
On the Role of Monetary Incentives in Risk Preference Elicitation Experiments
SAFE Working Paper No. 286
Aug 2020 Working Papers Household Finance 1596232800SAFE Working Paper
285Elena Carletti, Tommaso Oliviero, Marco Pagano, Loriana Pelizzon,
Marti Subrahmanyam
The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy
SAFE Working Paper No. 285
Jul 2020 Working Papers Financial Markets 1593554400SAFE Working Paper
284Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino,
Loriana Pelizzon
Inside the ESG Ratings: (Dis)agreement and Performance
SAFE Working Paper No. 284
Jun 2020 Working Papers Financial Markets 1590962400SAFE Working Paper
283Jannis Bischof,
Christian Laux, Christian Leuz
Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges
SAFE Working Paper No. 283
Jul 2020 Working Papers Financial Intermediation 1593554400SAFE Working Paper
282Daniel Munevar, Grygoriy PustovitBack to the Future: A Sovereign Debt Standstill Mechanism IMF Article VIII, Section 2 (b)
SAFE Working Paper No. 282
Jun 2020 Working Papers Macro Finance 1590962400SAFE Working Paper
281Kevin BauerHow did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities
SAFE Working Paper No. 281
Jun 2020 Working Papers Financial Intermediation 1590962400SAFE Working Paper
280Konstantin Bräuer, Andreas Hackethal,
Tobin Hanspal
Consuming Dividends
SAFE Working Paper No. 280
May 2020 Working Papers Household Finance 1588284000SAFE Working Paper
279Tobin Hanspal, Annika Weber, Johannes WohlfartExposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
SAFE Working Paper No. 279
May 2020 Working Papers Household Finance 1588284000SAFE Working Paper
278Sandra EckertEU Agencies in Banking and Energy Between Institutional and Policy Centralisation
SAFE Working Paper No. 278
May 2020 Working Papers Financial Intermediation 1588284000SAFE Working Paper
277Andreas Hackethal,
Tobin Hanspal, Dominique Lammer, Kevin Rink
The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments
SAFE Working Paper No. 277
May 2020 Working Papers Household Finance 1588284000SAFE Working Paper
276Massimiliano Caporin, Loriana Pelizzon,
Alberto Plazzi
Does Monetary Policy Impact Sovereign Credit Risk Comovement?
SAFE Working Paper No. 276
May 2020 Working Papers Financial Markets, Macro Finance 1588284000SAFE Working Paper
275Loriana Pelizzon,
Max Riedel,
Zorka Simon, Marti Subrahmanyam
Collateral Eligibility of Corporate Debt in the Eurosystem
SAFE Working Paper No. 275
Apr 2020 Working Papers Financial Markets, Macro Finance, 1585692000SAFE Working Paper
274Christopher Busch,
Alexander Ludwig
Higher-Order Income Risk over the Business Cycle: A Parametric Approach
SAFE Working Paper No. 274
Mar 2020 Working Papers Macro Finance 1583017200SAFE Working Paper
273Di Bu, Tobin Hanspal, Yin Liao, Yong LiuCultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing
SAFE Working Paper No. 273
Mar 2020 Working Papers Household Finance 1583017200SAFE Working Paper
272Christine Laudenbach,
Benjamin Loos, Jenny Pirschel, Johannes Wohlfart
The Trading Response of Individual Investors to Local Bankruptcies
SAFE Working Paper No. 272
Mar 2020 Working Papers Household Finance 1583017200SAFE Working Paper
271Pietro Dindo, Andrea Modena, Loriana PelizzonRisk Pooling, Intermediation Efficiency, and the Business Cycle
SAFE Working Paper No. 271
Mar 2020 Working Papers Financial Markets, Macro Finance 1583017200SAFE Working Paper
270Mario Bellia, Kim Christensen, Aleksey Kolokolov, Loriana Pelizzon,
Roberto Renò
Do Designated Market Makers Provide Liquidity During Extreme Price Movements?
SAFE Working Paper No. 270
Mar 2020 Working Papers Financial Markets, 1583017200SAFE Working Paper
269Ester Faia, Maximilian Mayer, Vincenzo PezoneThe Value of Firm Networks: A Natural Experiment on Board Connections
SAFE Working Paper No. 269
Mar 2020 Working Papers Law and Finance 1583017200SAFE Working Paper
268Marie Lalanne, Lorenzo Maria LevatiThe Impact of Job Referrals on Employment Outcomes in Top Corporate Positions
SAFE Working Paper No. 268
Mar 2020 Working Papers Financial Intermediation 1583017200SAFE Working Paper
267Wataru Kureishi, Hannah Paule-Paludkiewicz,
Hitoshi Tsujiyama, Midori Wakabayashi
Time Preferences over the Life Cycle
SAFE Working Paper No. 267
Mar 2020 Working Papers Household Finance 1583017200SAFE Working Paper
266Benjamin Bluhm, Jannic CuturaEconometrics at Scale: Spark Up Big Data in Economics
SAFE Working Paper No. 266
Feb 2020 Working Papers Financial Intermediation 1580511600SAFE Working Paper
265Christian Schlag,
Julian Thimme, Rüdiger Weber
Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution
SAFE Working Paper No. 265
Jan 2020 Working Papers Financial Markets 1577833200SAFE Working Paper
264Hengjie Ai, Jun E. Li, Kai Li, Christian SchlagThe Collateralizability Premium
SAFE Working Paper No. 264
Oct 2019 Working Papers Financial Markets 1569880800SAFE Working Paper
263Vanya Horneff, Daniel Liebler, Raimond Maurer,
Olivia S. Mitchell
Money-Back Guarantees in Individual Retirement Accounts: Still a Good Deal?
SAFE Working Paper No. 263
Oct 2019 Working Papers Household Finance 1569880800SAFE Working Paper
262Andrea Bedin, Monica Billio, Michele Costola, Loriana PelizzonCredit Scoring in SME Asset-Backed Securities: An Italian Case Study
SAFE Working Paper No. 262
Oct 2019 Working Papers Financial Markets, 1569880800SAFE Working Paper
261Monica Billio, Michele Costola, Loriana Pelizzon,
Max Riedel
Buildings' Energy Efficiency and the Probability of Mortgage Default: The Dutch Case
SAFE Working Paper No. 261
Oct 2019 Working Papers Financial Markets, 1569880800SAFE Working Paper
260Matthias Thiemann,
Tobias Tröger
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
SAFE Working Paper No. 260
Oct 2019 Working Papers Financial Intermediation 1569880800SAFE Working Paper
259Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen ErenSpillovers of Funding Dry-ups
SAFE Working Paper No. 259
Sep 2019 Working Papers Financial Intermediation 1567288800SAFE Working Paper
258Anderson Grajales-Olarte, Burak Uras, Nathanael VellekoopRigid Wages and Contracts: Time- versus State-Dependent Wages in the Netherlands
SAFE Working Paper No. 258
Sep 2019 Working Papers Macro Finance 1567288800SAFE Working Paper
257Baptiste Massenot, Giang NghiemDepressed Demand
SAFE Working Paper No. 257
Aug 2019 Working Papers Macro Finance 1564610400SAFE Working Paper
256Christian Schlag,
Kailin Zeng
Horizontal Industry Relationships and Return Predictability
SAFE Working Paper No. 256
Aug 2019 Working Papers Financial Markets 1564610400SAFE Working Paper
255Silvia Dalla Fontana, Marco Holz auf der Heide, Loriana Pelizzon,
Martin Scheicher
The Anatomy of the Euro Area Interest Rate Swap Market
SAFE Working Paper No. 255
Aug 2019 Working Papers Financial Markets, 1564610400SAFE Working Paper
254Martin GötzFinancing Conditions and Toxic Emissions
SAFE Working Paper No. 254
Jun 2019 Working Papers Law and Finance 1559340000SAFE Working Paper
253Thomas Johann, Talis Putnins, Satchit Sagade, Christian WestheideQuasi-Dark Trading: The Effects of Banning Dark Pools in a World of Many Alternatives
SAFE Working Paper No. 253
Jan 2019 Working Papers Financial Markets 1546297200SAFE Working Paper
252Nicole Branger,
Patrick Konermann, Christian Schlag
Optimists and Pessimists in (In)Complete Markets
SAFE Working Paper No. 252
Jun 2019 Working Papers Financial Markets 1559340000SAFE Working Paper
251Wenhui Li, Christian WildeBelief Formation and Belief Updating under Ambiguity: Evidence from Experiments
SAFE Working Paper No. 251
Jun 2019 Working Papers Financial Markets, 1559340000SAFE Working Paper
250Nathanael Vellekoop, Mirko WiederholtInflation Expectations and Choices of Households
SAFE Working Paper No. 250
May 2019 Working Papers Household Finance 1556661600SAFE Working Paper
249Yuri Pettinicchi, Nathanael VellekoopJob Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data
SAFE Working Paper No. 249
Mar 2019 Working Papers Household Finance 1551394800SAFE Working Paper
248Jasmin Gider, Peter Gomber,
Simon N. M. Schmickler, Christian Westheide
High-Frequency Trading and Price Informativeness
SAFE Working Paper No. 248
Mar 2019 Working Papers Financial Markets 1551394800SAFE Working Paper
247Mario Bellia, Loriana Pelizzon,
Marti Subrahmanyam,
Jun Uno,
Darya Yuferova
Market Liquidity and Competition Among Designated Market Makers
SAFE Working Paper No. 247
Mar 2019 Working Papers Financial Markets, 1551394800SAFE Working Paper
246Reint Gropp, Felix Noth, Ulrich SchüwerWhat Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk
SAFE Working Paper No. 246
Mar 2019 Working Papers Financial Intermediation 1551394800SAFE Working Paper
245Andreas Hackethal,
Steffen Meyer, Charline Uhr
Smoking Hot Portfolios? Overtrading from Self-Control Failure
SAFE Working Paper No. 245
Mar 2019 Working Papers Household Finance 1551394800SAFE Working Paper
244Mauro Bernardi, Michele CostolaHigh-Dimensional Sparse Financial Networks through a Regularised Regression Model
SAFE Working Paper No. 244
Feb 2019 Working Papers 1548975600SAFE Working Paper
243Nicoletta Berardi, Marie Lalanne, Paul SeabrightProfessional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America
SAFE Working Paper No. 243
Feb 2019 Working Papers Law and Finance 1548975600SAFE Working Paper
242Ester Faia, Vincenzo PezoneThe Heterogeneous Cost of Wage Rigidity: Evidence and Theory
SAFE Working Paper No. 242
Jan 2019 Working Papers Macro Finance 1546297200SAFE Working Paper
241Martin GötzFinancial Constraints and Corporate Environmental Responsibility
SAFE Working Paper No. 241
Sep 2019 Working Papers Law and Finance 1567288800SAFE Working Paper
240Irina Gemmo, Helmut Gründl,
Martin Götz
Life Insurance and Demographic Change: An Empirical Analysis of Surrender Decisions Based on Panel Data
SAFE Working Paper No. 240
Jan 2019 Working Papers Household Finance 1546297200SAFE Working Paper
239Paul Gortner, Baptiste MassenotLeverage and Bubbles: Experimental Evidence
SAFE Working Paper No. 239
Dec 2018 Working Papers Macro Finance, 1543618800SAFE Working Paper
238Joost Driessen, Theo E. Nijman, Zorka SimonA Simple Approach to Estimate Long-Term Interest Rates
SAFE Working Paper No. 238
Dec 2018 Working Papers Financial Markets, 1543618800SAFE Working Paper
237Nathanael VellekoopExplaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments?
SAFE Working Paper No. 237
Nov 2018 Working Papers Household Finance 1541026800SAFE Working Paper
236Aleksey Kolokolov, Giulia Livieri, Davide PirinoStatistical Inferences for Price Staleness
SAFE Working Paper No. 236
Nov 2018 Working Papers Financial Markets 1541026800SAFE Working Paper
235Mila Getmansky Sherman, Christian Kubitza, Loriana PelizzonLoss Sharing in Central Clearinghouses: Winners and Losers
SAFE Working Paper No. 235
Dec 2018 Working Papers 1543618800SAFE Working Paper
234Alejandro Bernales, Nicolas Garrido, Satchit Sagade, Marcela Valenzuela, Christian WestheideTrader Competition in Fragmented Markets: Liquidity Supply versus Picking-off Risk
SAFE Working Paper No. 234
Oct 2018 Working Papers Financial Markets 1538344800SAFE Working Paper
233Baptiste Massenot, Yuri PettinicchiCan Households See into the Future? Survey Evidence from the Netherlands
SAFE Working Paper No. 233
Jul 2018 Working Papers Macro Finance 1530396000SAFE Working Paper
232Jannic CuturaDebt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline?
SAFE Working Paper No. 232
Sep 2018 Working Papers Financial Intermediation 1535752800SAFE Working Paper
231Benjamin Clapham, Peter Gomber,
Jens Lausen, Sven Panz
Liquidity Provider Incentives in Fragmented Securities Markets
SAFE Working Paper No. 231
Jul 2018 Working Papers Financial Markets 1530396000SAFE Working Paper
230Yalin Gündüz, Giorgio Ottonello, Loriana Pelizzon,
Michael Schneider, Marti Subrahmanyam
Lighting up the Dark: Liquidity in the German Corporate Bond Market
SAFE Working Paper No. 230
Sep 2018 Working Papers Financial Markets, 1535752800SAFE Working Paper
229Daniel HarenbergAsset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk
SAFE Working Paper No. 229
Sep 2018 Working Papers Macro Finance 1535752800SAFE Working Paper
228Roberto PanzicaIdiosyncratic Volatility Puzzle: The Role of Assets' Interconnections
SAFE Working Paper No. 228
Aug 2018 Working Papers Financial Markets, 1533074400SAFE Working Paper
227Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon,
Ernst Schaumburg, Darya Yuferova
Recovery from Fast Crashes: Role of Mutual Funds
SAFE Working Paper No. 227
Jul 2018 Working Papers Financial Markets, 1530396000SAFE Working Paper
226Loriana Pelizzon,
Marti Subrahmanyam,
Davide Tomio
Central Bank-Driven Mispricing
SAFE Working Paper No. 226
Aug 2018 Working Papers Financial Markets, Macro Finance, 1533074400SAFE Working Paper
225Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana PelizzonNetworks in Risk Spillovers: A Multivariate GARCH Perspective
SAFE Working Paper No. 225
Aug 2018 Working Papers Financial Intermediation, 1533074400SAFE Working Paper
224Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon,
Kathleen Weiss Hanley
Portfolio Similarity and Asset Liquidation in the Insurance Industry
SAFE Working Paper No. 224
Jul 2018 Working Papers Financial Intermediation, 1530396000SAFE Working Paper
223Florian DeuflhardQuantifying Inertia in Retail Deposit Markets
SAFE Working Paper No. 223
Mar 2018 Working Papers Household Finance 1519858800SAFE Working Paper
222Vanessa Endrejat, Matthias ThiemannReviving the Shadow Banking Chain in Europe: Regulatory Agency, Technical Complexity and the Dynamics of Co-Habitation
SAFE Working Paper No. 222
Jun 2018 Working Papers Financial Intermediation 1527804000SAFE Working Paper
221Axel Börsch-Supan, Duarte Nuno Leite, Alexander LudwigEndogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms
SAFE Working Paper No. 221
Apr 2018 Working Papers Macro Finance 1522533600SAFE Working Paper
220Yangming Bao, Martin GötzLocal Peer Effects and Corporate Investment
SAFE Working Paper No. 220
Jul 2018 Working Papers Law and Finance 1530396000SAFE Working Paper
219Andreas Hackethal,
Christine Laudenbach,
Steffen Meyer, Annika Weber
Client Involvement in Expert Advice: Antibiotics in Finance?
SAFE Working Paper No. 219
Jul 2018 Working Papers Household Finance 1530396000SAFE Working Paper
218Florian Hoffmann, Roman Inderst, Marcus OppOnly Time will Tell: A Theory of Deferred Compensation
SAFE Working Paper No. 218
Aug 2018 Working Papers Law and Finance 1533074400SAFE Working Paper
217Maddalena Davoli, Jia HouFinancial Literacy and Socialist Education: Lessons from the German Reunification
SAFE Working Paper No. 217
Aug 2018 Working Papers Household Finance 1533074400SAFE Working Paper
216Stefano Colonnello, Giuliano Curatola, Alessandro GioffréPricing Sin Stocks: Ethical Preference vs. Risk Aversion
SAFE Working Paper No. 216
Jul 2018 Working Papers Financial Markets 1530396000SAFE Working Paper
215Zsuzsa R. Huszar, Zorka SimonThe Pricing Implications of Oligopolistic Securities Lending Market: A Beneficial Owner Perspective
SAFE Working Paper No. 215
Jun 2018 Working Papers 1527804000SAFE Working Paper
214Edin Ibrocevic, Matthias ThiemannAll Economic Ideas are Equal, but Some are more Equal than Others: A Differentiated Perspective on Macroprudential Ideas and their Implementation
SAFE Working Paper No. 214
Jun 2018 Working Papers Financial Intermediation, 1527804000SAFE Working Paper
213Klaus Gugler, Michael Weichselbaumer, Christine ZulehnerEffects of Government Spending on Employment: Evidence from Winners and Runners-up in Procurement Auctions
SAFE Working Paper No. 213
May 2018 Working Papers Macro Finance 1525125600SAFE Working Paper
212Henning HesseIncentive Effects from Write-down CoCo Bonds: An Empirical Analysis
SAFE Working Paper No. 212
May 2018 Working Papers Macro Finance 1525125600SAFE Working Paper
211Thomas MoskBargaining with a Bank
SAFE Working Paper No. 211
Jan 2018 Working Papers Financial Intermediation 1514761200SAFE Working Paper
210Darien Huang, Christian Schlag,
Ivan Shaliastovich, Julian Thimme
Volatility-of-Volatility Risk
SAFE Working Paper No. 210
May 2018 Working Papers Financial Markets 1525125600SAFE Working Paper
209Eren Gürer, Alfons J. WeichenriederPro-rich Inflation in Europe: Implications for the Measurement of Inequality
SAFE Working Paper No. 209
May 2018 Working Papers Macro Finance 1525125600SAFE Working Paper
208Roberto Casarin, Michele Costola, Erdem YenerdagFinancial Bridges and Network Communities
SAFE Working Paper No. 208
Sep 2018 Working Papers 1535752800SAFE Working Paper
207Claes Bäckman,
Tobin Hanspal
Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement
SAFE Working Paper No. 207
Apr 2018 Working Papers Household Finance 1522533600SAFE Working Paper
206Loriana Pelizzon,
Anjan Thakor, Calebe de Roure
P2P Lending versus Banks: Cream Skimming or Bottom Fishing?
SAFE Working Paper No. 206
May 2018 Working Papers Household Finance, 1525125600SAFE Working Paper
205Horst Entorf, Jia HouFinancial Education for the Disadvantaged? A Review
SAFE Working Paper No. 205
Apr 2018 Working Papers Household Finance 1522533600SAFE Working Paper
204Loriana Pelizzon,
Matteo Sottocornola
The Impact of Monetary Policy Interventions on the Insurance Industry
SAFE Working Paper No. 204
Apr 2018 Working Papers Financial Markets, Macro Finance, 1522533600SAFE Working Paper
203Florian Hett,
Felix Schmidt
Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback
SAFE Working Paper No. 203
Apr 2018 Working Papers Household Finance, 1522533600SAFE Working Paper
202Tobias TrögerGermany's Reluctance to Regulate Related Party Transactions
SAFE Working Paper No. 202
Feb 2018 Working Papers Law and Finance 1517439600SAFE Working Paper
201Dirk Krueger, Alexander LudwigOptimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
SAFE Working Paper No. 201
Feb 2018 Working Papers Macro Finance 1517439600SAFE Working Paper
200Nils Grevenbrock, Max Groneck, Alexander Ludwig,
Alexander Zimper
Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs
SAFE Working Paper No. 200
Feb 2018 Working Papers Macro Finance 1517439600SAFE Working Paper
199Tobias TrögerRegulation of Crowdfunding in Germany
SAFE Working Paper No. 199
Feb 2018 Working Papers Law and Finance 1517439600SAFE Working Paper
198Henning Hesse, Boris Hofmann, James WeberThe Macroeconomic Effects of Asset Purchases Revisited
SAFE Working Paper No. 198
Feb 2018 Working Papers Macro Finance 1517439600SAFE Working Paper
197Benjamin Clapham, Peter Gomber,
Martin Haferkorn, Paul Jentsch, Sven Panz
Circuit Breakers – A Survey among International Trading Venues
SAFE Working Paper No. 197
Feb 2018 Working Papers Financial Markets 1517439600SAFE Working Paper
196Benjamin Clapham, Peter Gomber,
Sven Panz
Coordination of Circuit Breakers? Volume Migration and Volatility Spillover in Fragmented Markets
SAFE Working Paper No. 196
Feb 2018 Working Papers Financial Markets 1517439600SAFE Working Paper
195Benjamin Clapham, Peter Gomber,
Martin Haferkorn, Sven Panz
Managing Excess Volatility: Design and Effectiveness of Circuit Breakers
SAFE Working Paper No. 195
Feb 2018 Working Papers Financial Markets 1517439600SAFE Working Paper
194Baptiste MassenotPain of Paying in a Business Cycle Model
SAFE Working Paper No. 194
Dec 2018 Working Papers Macro Finance 1543618800SAFE Working Paper
193Mario Bellia, Giulio Girardi, Roberto Panzica, Loriana Pelizzon,
Tuomas A. Peltonen
The Demand for Central Clearing: To Clear or Not to Clear, That is the Question
SAFE Working Paper No. 193
Jun 2018 Working Papers 1527804000SAFE Working Paper
192Vincenzo PezoneThe Real Effects of Judicial Enforcement
SAFE Working Paper No. 192
Oct 2018 Working Papers Law and Finance 1538344800SAFE Working Paper
191Julia Hirsch, Uwe WalzFinancial Constraints, Newly Founded Firms and the Financial Crisis
SAFE Working Paper No. 191
Dec 2017 Working Papers Law and Finance 1512082800SAFE Working Paper
190Vanya Horneff, Raimond Maurer,
Olivia S. Mitchell
How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior
SAFE Working Paper No. 190
Jun 2017 Working Papers Household Finance 1496268000SAFE Working Paper
189Carlo WixThe Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity
SAFE Working Paper No. 189
Nov 2017 Working Papers Financial Intermediation 1509490800SAFE Working Paper
188Michael Donadelli, Patrick Grüning, Marcus Jüppner, Renatas KizysGlobal Temperature, R&D Expenditure, and Growth
SAFE Working Paper No. 188
Nov 2017 Working Papers Financial Markets 1509490800SAFE Working Paper
187Baptiste Massenot, Yuri PettinicchiCan Firms See into the Future? Survey Evidence from Germany
SAFE Working Paper No. 187
Nov 2017 Working Papers Macro Finance 1509490800SAFE Working Paper
186Nicole Branger,
Paulo Rodrigues, Christian Schlag
Level and Slope of Volatility Smiles in Long-Run Risk Models
SAFE Working Paper No. 186
Nov 2017 Working Papers Financial Markets, 1509490800SAFE Working Paper
185Patrick GrüningHeterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics
SAFE Working Paper No. 185
Oct 2017 Working Papers Financial Markets 1506808800SAFE Working Paper
184Tobias TrögerRemarks on the German Regulation of Crowdfunding
SAFE Working Paper No. 184
Oct 2017 Working Papers Financial Intermediation 1506808800SAFE Working Paper
183Joost Driessen, Theo E. Nijman, Zorka SimonThe Missing Piece of the Puzzle: Liquidity Premiums in Inflation-Indexed Markets
SAFE Working Paper No. 183
Sep 2017 Working Papers Financial Markets 1504216800SAFE Working Paper
182Mario Bellia, Loriana Pelizzon,
Marti Subrahmanyam,
Jun Uno,
Darya Yuferova
Coming Early to the Party
SAFE Working Paper No. 182
Sep 2017 Working Papers Financial Markets, 1504216800SAFE Working Paper
181Holger Kraft,
Farina Weiss
Consumption-Portfolio Choice with Preferences for Cash
SAFE Working Paper No. 181
Jul 2018 Working Papers Household Finance 1530396000SAFE Working Paper
180Tobias TrögerWhy MREL Won't Help Much
SAFE Working Paper No. 180
Aug 2017 Working Papers Financial Intermediation 1501538400SAFE Working Paper
179Tobias TrögerToo Complex to Work - A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime
SAFE Working Paper No. 179
Aug 2017 Working Papers Financial Intermediation 1501538400SAFE Working Paper
178Matthias GoldmannUnited in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union
SAFE Working Paper No. 178
Jan 2018 Working Papers Financial Intermediation, Macro Finance 1514761200SAFE Working Paper
177Michael Donadelli, Marcus Jüppner, Max Riedel,
Christian Schlag
Temperature Shocks and Welfare Costs
SAFE Working Paper No. 177
Aug 2017 Working Papers Financial Markets 1501538400SAFE Working Paper
176Giuliano Curatola, Ilya DergunovInternational Capital Markets with Time-Varying Preferences
SAFE Working Paper No. 176
Aug 2017 Working Papers Household Finance, Financial Markets 1501538400SAFE Working Paper
175Reint Gropp, Deyan RadevInternational Banking Conglomerates and the Transmission of Lending Shocks Across Borders
SAFE Working Paper No. 175
Aug 2017 Working Papers Financial Intermediation 1501538400SAFE Working Paper
174Reint Gropp, Deyan RadevSocial Centralization, Bank Integration and the Transmission of Lending Shocks
SAFE Working Paper No. 174
Aug 2017 Working Papers Financial Intermediation 1501538400SAFE Working Paper
173Christel Merlin Kuate Kamga, Christian WildeLiquidity Premia in CDS Markets
SAFE Working Paper No. 173
Aug 2017 Working Papers Financial Intermediation, Financial Markets 1501538400SAFE Working Paper
172Massimiliano Caporin, Michele Costola, Shawkat Hammoudeh, Ahmed KhalifaSystemic Risk for Financial Institutions of Major Petroleum-Based Economies: The Role of Oil
SAFE Working Paper No. 172
Nov 2017 Working Papers Financial Intermediation, Financial Markets, 1509490800SAFE Working Paper
171Michael Donadelli, Patrick GrüningInnovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare
SAFE Working Paper No. 171
Apr 2017 Working Papers Financial Markets 1490997600SAFE Working Paper
170Raimond Maurer,
Olivia S. Mitchell
Older People’s Willingness to Delay Social Security Claiming
SAFE Working Paper No. 170
Sep 2016 Working Papers Household Finance 1472680800SAFE Working Paper
169Max Groneck, Alexander Ludwig,
Alexander Zimper
Who Saves More, the Naive or the Sophisticated Agent?
SAFE Working Paper No. 169
Mar 2017 Working Papers Household Finance, Macro Finance 1488322800SAFE Working Paper
168Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul SeabrightWomen Form Social Networks More Selectively and Less Opportunistically Than Men
SAFE Working Paper No. 168
Mar 2017 Working Papers Law and Finance, 1488322800SAFE Working Paper
167Felix Noth, Ulrich SchüwerNatural Disaster and Bank Stability: Evidence from the U.S. Financial System
SAFE Working Paper No. 167
Apr 2017 Working Papers Financial Intermediation, 1490997600SAFE Working Paper
166Monica Billio, Massimiliano Caporin, Roberto Panzica, Loriana PelizzonThe Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification
SAFE Working Paper No. 166
Dec 2016 Working Papers Financial Markets, 1480546800SAFE Working Paper
165Giovanni Bonaccolto, Massimiliano Caporin, Roberto PanzicaEstimation and Model-Based Combination of Causality Networks
SAFE Working Paper No. 165
Jan 2017 Working Papers Financial Markets 1483225200SAFE Working Paper
164Raimond Maurer,
Olivia S. Mitchell,
Ralph Rogalla,
Tatjana Schimetschek
Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence
SAFE Working Paper No. 164
Jan 2017 Working Papers Household Finance 1483225200SAFE Working Paper
163Giuliano Curatola, Michael Donadelli, Patrick GrüningTechnology Trade with Asymmetric Tax Regimes and Heterogeneous Labor Markets: Implications for Macro Quantities and Asset Prices
SAFE Working Paper No. 163
Oct 2017 Working Papers Financial Markets 1506808800SAFE Working Paper
162Gabriele Camera, Alessandro GioffréAsymmetric Social Norms
SAFE Working Paper No. 162
Jan 2017 Working Papers Macro Finance 1483225200SAFE Working Paper
161Tobin HanspalThe Effect of Personal Financing Disruptions on Entrepreneurship
SAFE Working Paper No. 161
Dec 2016 Working Papers Law and Finance, Household Finance 1480546800SAFE Working Paper
160Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia FantiniCEO Investment of Deferred Compensation Plans and Firm Performance
SAFE Working Paper No. 160
Dec 2016 Working Papers Law and Finance 1480546800SAFE Working Paper
159Monica Billio, Michael Donadelli, Antonio Paradiso, Max RiedelWhich Market Integration Measure?
SAFE Working Paper No. 159
Dec 2016 Working Papers Financial Markets 1480546800SAFE Working Paper
158Michael Donadelli, Renatas Kizys, Max RiedelGlobally Dangerous Diseases: Bad News for Main Street, Good News for Wall Street?
SAFE Working Paper No. 158
Dec 2016 Working Papers Financial Markets 1480546800SAFE Working Paper
157Sophie Ahlswede, Steffen Meyer, Linda UrbanDoes feedback on personal investment success help?
SAFE Working Paper No. 157
Dec 2016 Working Papers Household Finance 1480546800SAFE Working Paper
156Reint Gropp, Thomas Mosk, Steven Ongena, Carlo WixBank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment
SAFE Working Paper No. 156
Nov 2016 Working Papers Financial Intermediation 1477954800SAFE Working Paper
155Vahid SaadiMortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act
SAFE Working Paper No. 155
Nov 2016 Working Papers Financial Intermediation 1477954800SAFE Working Paper
154Brigitte HaarShareholder Wealth vs. Stakeholder interests? Evidence from Code Compliance under the German Corporate Governance Code
SAFE Working Paper No. 154
Nov 2016 Working Papers Law and Finance 1477954800SAFE Working Paper
153Julia Hirsch, Uwe WalzThe Financing Dynamics of Newly Founded Firms
SAFE Working Paper No. 153
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
152Viral Acharya, Tim Eisert, Christian Eufinger, Christian HirschWhatever it Takes: The Real Effects of Unconventional Monetary Policy
SAFE Working Paper No. 152
Jan 2016 Working Papers Financial Intermediation, 1451602800SAFE Working Paper
151Fabrizio Lillo, Loriana Pelizzon,
Michael Schneider
How Has Sovereign Bond Market Liquidity Changed? - An Illiquidity Spillover Analysis
SAFE Working Paper No. 151
Jan 2016 Working Papers Financial Markets, 1451602800SAFE Working Paper
150Vanya Horneff, Raimond Maurer,
Olivia S. Mitchell
Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities
SAFE Working Paper No. 150
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
149Massimiliano Caporin, Aleksey Kolokolov, Roberto RenòSystemic Co-Jumps
SAFE Working Paper No. 149
Jan 2016 Working Papers Financial Markets, 1451602800SAFE Working Paper
148Petr Jakubik, Sven-Thorsten JakuschOn the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data
SAFE Working Paper No. 148
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
147Andreas Hackethal,
Sven-Thorsten Jakusch, Steffen Meyer
Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach
SAFE Working Paper No. 147
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
146Andreas Hackethal,
Sven-Thorsten Jakusch, Steffen Meyer
Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)
SAFE Working Paper No. 146
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
145Raphael Abiry, Christian Geppert, Alexander LudwigSecular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results
SAFE Working Paper No. 145
Jan 2016 Working Papers Macro Finance 1451602800SAFE Working Paper
144Mario Bellia, Loriana Pelizzon,
Marti Subrahmanyam,
Jun Uno,
Darya Yuferova
High Frequency Traders without Trading: Price Discovery and Liquidity Provision in the Pre-Opening Period
SAFE Working Paper No. 144
Jan 2016 Working Papers Financial Markets, 1451602800SAFE Working Paper
143Peter Gomber,
Satchit Sagade, Erik Theissen,
Moritz Christian Weber, Christian Westheide
Spoilt for Choice: Order Routing Decisions in Fragmented Equity Markets
SAFE Working Paper No. 143
Jan 2016 Working Papers Financial Markets, 1451602800SAFE Working Paper
142Nathanael VellekoopThe Impact of Long-Run Macroeconomic Experiences on Personality
SAFE Working Paper No. 142
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
141Brigitte HaarFreedom of Contract and Financial Stability Through the Lens of the Legal Theory of Finance
SAFE Working Paper No. 141
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
140Reint Gropp, Rasa Karapandza,
Julian Opferkuch
The Forward-Looking Disclosures of Corporate Managers: Theory and Evidence
SAFE Working Paper No. 140
Jan 2016 Working Papers Financial Intermediation 1451602800SAFE Working Paper
139Holger Kraft,
Claus Munk, Farina Weiss
Predictors and Portfolios Over the Life Cycle
SAFE Working Paper No. 139
Jan 2016 Working Papers Household Finance 1451602800SAFE Working Paper
138Mohamed Al Degwy, Matthias ThiemannHow Economics Got it Wrong: Formalism, Equilibrium Modelling and Pseudo-Optimization in Banking Regulatory Studies
SAFE Working Paper No. 138
Jan 2016 Working Papers Macro Finance 1451602800SAFE Working Paper
137Elia Berdin, Christoffer Kok, Cosimo PancaroA Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers
SAFE Working Paper No. 137
Jan 2016 Working Papers Financial Intermediation 1451602800SAFE Working Paper
136Mohamed Al Degwy, Edin Ibrocevic, Matthias ThiemannUnderstanding the Shift from Micro to Macro-Prudential Thinking: A Discursive Network Analysis
SAFE Working Paper No. 136
Jan 2016 Working Papers Macro Finance 1451602800SAFE Working Paper
135Douglas Cumming,
Jochen Christian Werth, Yelin Zhang
Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks
SAFE Working Paper No. 135
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
134Markus Kröll, Devesh RustagiReputation, Honesty, and Cheating in Informal Milk Markets in India
SAFE Working Paper No. 134
Jan 2016 Working Papers Law and Finance, 1451602800SAFE Working Paper
133Markus Behn, Rainer Haselmann,
Thomas Kick, Vikrant Vig
The Political Economy of Bank Bailouts
SAFE Working Paper No. 133
Jan 2016 Working Papers Financial Intermediation, Law and Finance 1451602800SAFE Working Paper
132Rainer Haselmann,
David Schoenherr, Vikrant Vig
Rent-Seeking in Elite Networks
SAFE Working Paper No. 132
Jan 2016 Working Papers Financial Intermediation, Law and Finance 1451602800SAFE Working Paper
131Nicole Branger,
Patrick Grüning, Christian Schlag
Commodities, Financialization, and Heterogeneous Agents
SAFE Working Paper No. 131
Jan 2016 Working Papers Financial Markets 1451602800SAFE Working Paper
130Giuliano CuratolaOptimal Consumption and Portfolio Choice with Loss Aversion
SAFE Working Paper No. 130
Jan 2016 Working Papers Financial Markets 1451602800SAFE Working Paper
129Giuliano Curatola, Michael Donadelli, Patrick Grüning, Christoph MeinerdingInvestment-Specific Shocks, Business Cycles, and Asset Prices
SAFE Working Paper No. 129
Jan 2016 Working Papers Financial Markets 1451602800SAFE Working Paper
128Giuliano CuratolaPreference Evolution and the Dynamics of Capital Markets
SAFE Working Paper No. 128
Jan 2016 Working Papers Macro Finance 1451602800SAFE Working Paper
127Helmut Elsinger, Philipp Schmidt-Dengler, Christine ZulehnerCompetition in Treasury Auctions
SAFE Working Paper No. 127
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
126Carsten Bienz,
Karin Thorburn, Uwe Walz
Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers
SAFE Working Paper No. 126
Jan 2016 Working Papers Financial Intermediation 1451602800SAFE Working Paper
125Tobias Tröger,
Uwe Walz
Does Say on Pay Matter? Evidence from Germany
SAFE Working Paper No. 125
Jan 2016 Working Papers Law and Finance, 1451602800SAFE Working Paper
124Adrian Buss, Bernard Dumas, Raman Uppal, Grigory VilkovThe Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis
SAFE Working Paper No. 124
Jan 2016 Working Papers Financial Markets 1451602800SAFE Working Paper
123Marie Lalanne, Paul SeabrightThe Old Boy Network: The Impact of Professional Networks on Remuneration in Top Executive Jobs
SAFE Working Paper No. 123
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
122Douglas Cumming,
Uwe Walz,
Jochen Christian Werth
Entrepreneurial Spawning: Experience, Education, and Exit
SAFE Working Paper No. 122
Jan 2016 Working Papers Law and Finance 1451602800SAFE Working Paper
121Elia Berdin, Matteo SottocornolaInsurance Activities and Systemic Risk
SAFE Working Paper No. 121
Jan 2015 Working Papers Financial Intermediation, 1420066800SAFE Working Paper
120Matthias Heinz, Heiner SchumacherSignaling Cooperation
SAFE Working Paper No. 120
Jan 2015 Working Papers Law and Finance 1420066800SAFE Working Paper
119Michael Brennan, Holger KraftLeaning Against the Wind: Debt Financing in the Face of Adversity
SAFE Working Paper No. 119
Jan 2015 Working Papers Financial Markets 1420066800SAFE Working Paper
118Michael Donadelli, Antonio Paradiso, Max RiedelA Quasi Real-Time Leading Indicator for the EU Industrial Production
SAFE Working Paper No. 118
Jan 2015 Working Papers Financial Markets 1420066800SAFE Working Paper
117Marcel BluhmInterbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks
SAFE Working Paper No. 117
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
116Charles GottliebOn the Distributive Effects of Inflation
SAFE Working Paper No. 116
Jan 2015 Working Papers Household Finance 1420066800SAFE Working Paper
115Andreas Fagereng, Charles Gottlieb, Luigi GuisoAsset Market Participation and Portfolio Choice Over the Life-Cycle
SAFE Working Paper No. 115
Jan 2015 Working Papers Household Finance 1420066800SAFE Working Paper
114Kevin Bauer, Nicole Branger,
Christian Schlag,
Lue Wu
"Nobody is Perfect": Asset Pricing and Long-Run Survival When Heterogeneous Investors Exhibit Different Kinds of Filtering Errors
SAFE Working Paper No. 114
Jan 2015 Working Papers Financial Markets 1420066800SAFE Working Paper
113Bettina Brüggemann, Jinhyuk YooAggregate and Distributional Effects of Increasing Taxes on Top Income Earners
SAFE Working Paper No. 113
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
112Shafik Hebous, Alfons J. WeichenriederOn Deficits and Symmetries in a Fiscal Capacity
SAFE Working Paper No. 112
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
111Alfons J. Weichenrieder,
Fangying Xu
Are Tax Havens Good? Implications of the Crackdown on Secrecy
SAFE Working Paper No. 111
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
110Dirk Krueger, Philipp Krüger, Alexander LudwigOn the Optimal Provision of Social Insurance
SAFE Working Paper No. 110
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
109Tobias TrögerRegulatory Influence on Market Conditions in the Banking Union
SAFE Working Paper No. 109
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
108Sascha Baghestanian, Paul Gortner, Baptiste MassenotCompensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis
SAFE Working Paper No. 108
Jan 2015 Working Papers Law and Finance, 1420066800SAFE Working Paper
107Daniel Powell, Marc Steffen RappNon-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany
SAFE Working Paper No. 107
Jan 2015 Working Papers Law and Finance 1420066800SAFE Working Paper
106Baptiste Massenot, Stéphane StraubInformal Sector and Economic Development: The Credit Supply Channel
SAFE Working Paper No. 106
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
105Vilen Lipatov, Alfons J. WeichenriederA Decentralization Theorem of Taxation
SAFE Working Paper No. 105
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
104Sascha Baghestanian, Baptiste MassenotCredit Cycles: Experimental Evidence
SAFE Working Paper No. 104
Jan 2015 Working Papers Macro Finance, 1420066800SAFE Working Paper
103Massimiliano Caporin, Loriana Pelizzon,
Francesco Ravazzolo, Roberto Rigobon
Measuring Sovereign Contagion in Europe
SAFE Working Paper No. 103
Jan 2015 Working Papers Financial Markets, 1420066800SAFE Working Paper
102Iñaki Aldasoro, Iván AlvesMultiplex Interbank Networks and Systemic Importance: An Application to European Data
SAFE Working Paper No. 102
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
101Marcel GruppOn the Impact of Leveraged Buyouts on Bank Systemic Risk
SAFE Working Paper No. 101
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
100Marcel GruppTaking the Lead: When Non-Banks Arrange Syndicated Loans
SAFE Working Paper No. 100
Jan 2015 Working Papers Law and Finance 1420066800SAFE Working Paper
99Marcel Grupp, Christian Rauch, Marc Umber, Uwe WalzThe Influence of Leveraged Buyouts on Target Firms’ Competitors
SAFE Working Paper No. 99
Jan 2015 Working Papers Law and Finance 1420066800SAFE Working Paper
98Helmut Gründl,
Tobias Niedrig
The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II
SAFE Working Paper No. 98
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
97Tobias NiedrigOptimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation
SAFE Working Paper No. 97
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
96Jens-Hinrich BinderBanking Union and the Governance of Credit Institutions - A Legal Perspective
SAFE Working Paper No. 96
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
95Loriana Pelizzon,
Marti Subrahmanyam,
Davide Tomio, Jun Uno
Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina?
SAFE Working Paper No. 95
Jan 2015 Working Papers Financial Markets, 1420066800SAFE Working Paper
94Claudia Lambert, Felix Noth, Ulrich SchüwerHow Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina
SAFE Working Paper No. 94
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
93Shafik Hebous, Tom ZimmermannRevisiting the Narrative Approach of Estimating Tax Multipliers
SAFE Working Paper No. 93
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
92Christoph Hambel, Holger KraftOptimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change
SAFE Working Paper No. 92
Jan 2015 Working Papers Macro Finance, 1420066800SAFE Working Paper
91Anne-Caroline HüserToo Interconnected to Fail: A Survey of the Interbank Networks Literature
SAFE Working Paper No. 91
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
90Pinar TopalFiscal Stimulus and Labor Market Flexibility
SAFE Working Paper No. 90
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
89Julia Braun, Alfons J. WeichenriederDoes Exchange of Information between Tax Authorities Influence Multinationals’ Use of Tax Havens?
SAFE Working Paper No. 89
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
88Ester Faia, Beatrice Weder di MauroCross-Border Resolution of Global Banks
SAFE Working Paper No. 88
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
87Iñaki Aldasoro, Domenico Delli Gatti, Ester FaiaBank Networks: Contagion, Systemic Risk and Prudential Policy
SAFE Working Paper No. 87
Jan 2015 Working Papers Macro Finance 1420066800SAFE Working Paper
86Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri PettinicchiFinancial Education, Literacy and Investment Attitudes
SAFE Working Paper No. 86
Jan 2015 Working Papers Household Finance 1420066800SAFE Working Paper
85Holger Kraft,
Claus Munk, Sebastian Wagner
Housing Habits and Their Implications for Life-Cycle Consumption and Investment
SAFE Working Paper No. 85
Jan 2015 Working Papers Household Finance 1420066800SAFE Working Paper
84Raimond 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
SAFE Working Paper No. 84
Jan 2015 Working Papers Household Finance 1420066800SAFE Working Paper
83Patrick GrüningInternational Endogenous Growth, Macro Anomalies, and Asset Prices
SAFE Working Paper No. 83
Jan 2015 Working Papers Financial Markets 1420066800SAFE Working Paper
82Axel Börsch-Supan, Alexander Ludwig,
Edgar Vogel
Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation
SAFE Working Paper No. 82
Jan 2015 Working Papers Household Finance, Macro Finance 1420066800SAFE Working Paper
81Jens-Hinrich BinderResolution Planning and Structural Bank Reform within the Banking Union
SAFE Working Paper No. 81
Jan 2015 Working Papers Financial Intermediation 1420066800SAFE Working Paper
80Enrique G. Mendoza, Linda L. Tesar, Jing ZhangSaving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies
SAFE Working Paper No. 80
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
79Òscar Jordà, Alan M. TaylorThe Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
SAFE Working Paper No. 79
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
78Harris Dellas, Dirk NiepeltAusterity
SAFE Working Paper No. 78
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
77Benjamin Born, Gernot J. Müller, Johannes PfeiferDoes Austerity Pay Off?
SAFE Working Paper No. 77
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
76Alberto Alesina, Carlo Ambrogio Favero, Francesco Giavazzi, Andreas MüllerThe Output Effect of Fiscal Consolidation Plans
SAFE Working Paper No. 76
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
75Markus Behn, Rainer Haselmann,
Vikrant Vig
The Limits of Model-Based Regulation
SAFE Working Paper No. 75
Jan 2014 Working Papers Financial Intermediation 1388530800SAFE Working Paper
74Nicole Branger,
Patrick Konermann, Christoph Meinerding,
Christian Schlag
Equilibrium Asset Pricing in Directed Networks
SAFE Working Paper No. 74
Jan 2014 Working Papers Financial Markets, 1388530800SAFE Working Paper
73Max Groneck, Alexander Ludwig,
Alexander Zimper
A Life-Cycle Model with Ambiguous Survival Beliefs
SAFE Working Paper No. 73
Jan 2014 Working Papers Household Finance, Macro Finance 1388530800SAFE Working Paper
72Alexander Ludwig,
Matthias Schön
Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods
SAFE Working Paper No. 72
Jan 2014 Working Papers Household Finance, Macro Finance 1388530800SAFE Working Paper
71Daniel Harenberg,
Alexander Ludwig
Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk
SAFE Working Paper No. 71
Jan 2014 Working Papers Household Finance, Macro Finance 1388530800SAFE Working Paper
70Deyan RadevAssessing Systemic Fragility – A Probabilistic Perspective
SAFE Working Paper No. 70
Jan 2014 Working Papers Financial Intermediation 1388530800SAFE Working Paper
69Nina Biljanovska, Spyridon PalligkinisControl Thyself: Self-Control Failure and Household Wealth
SAFE Working Paper No. 69
Jan 2014 Working Papers Household Finance, Macro Finance 1388530800SAFE Working Paper
68Tobias TrögerHow Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking
SAFE Working Paper No. 68
Jan 2014 Working Papers Financial Intermediation 1388530800SAFE Working Paper
67Sascha Baghestanian, Paul Gortner, Joël van der WeelePeer Effects and Risk Sharing in Experimental Asset Markets
SAFE Working Paper No. 67
Jan 2014 Working Papers Household Finance, Financial Markets, 1388530800SAFE Working Paper
66Tobias TrögerCorporate Groups
SAFE Working Paper No. 66
Jan 2014 Working Papers Law and Finance 1388530800SAFE Working Paper
65Elia Berdin, Helmut GründlThe Effects of a Low Interest Rate Environment on Life Insurers
SAFE Working Paper No. 65
Jan 2014 Working Papers Financial Intermediation 1388530800SAFE Working Paper
64Daniel HerboldA Repeated Principal-Agent Model with On-the-Job Search
SAFE Working Paper No. 64
Jan 2014 Working Papers Law and Finance 1388530800SAFE Working Paper
63Nicola Fuchs-Schündeln, Michael HaliassosDoes Product Familiarity Matter for Participation?
SAFE Working Paper No. 63
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
62Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre GuettlerFinancial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract
SAFE Working Paper No. 62
Jan 2014 Working Papers Financial Intermediation, 1388530800SAFE Working Paper
61Iñaki Aldasoro, Mike SeiferlingVertical Fiscal Imbalances and the Accumulation of Government Debt
SAFE Working Paper No. 61
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
60Stefano Colonnello, Giuliano Curatola, Ngoc Giang HoangDirect and Indirect Risk-Taking Incentives of Inside Debt
SAFE Working Paper No. 60
Jan 2014 Working Papers Law and Finance 1388530800SAFE Working Paper
59Daniel Harenberg,
Alexander Ludwig
Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security
SAFE Working Paper No. 59
Jan 2014 Working Papers Household Finance, Macro Finance 1388530800SAFE Working Paper
58Michael Haliassos, Thomas Jansson, Yigitcan KarabulutIncompatible European Partners? Cultural Predispositions and Household Financial Behavior
SAFE Working Paper No. 58
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
57Brigitte HaarFinancial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration
SAFE Working Paper No. 57
Jan 2014 Working Papers Financial Intermediation, 1388530800SAFE Working Paper
56Giuliano Curatola, Michael Donadelli, Alessandro Gioffré,
Patrick Grüning
Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries
SAFE Working Paper No. 56
Jan 2014 Working Papers Financial Markets 1388530800SAFE Working Paper
55Jan Pieter Krahnen,
Peter Ockenfels,
Christian Wilde
Measuring Ambiguity Aversion: A Systematic Experimental Approach
SAFE Working Paper No. 55
Jan 2014 Working Papers Financial Intermediation, Financial Markets, 1388530800SAFE Working Paper
54Sascha Baghestanian, Todd B. WalkerAnchoring in Experimental Asset Markets
SAFE Working Paper No. 54
Jan 2014 Working Papers Financial Markets, 1388530800SAFE Working Paper
53Holger Kraft,
Claus Munk, Frank Thomas Seifried, Mogens Steffensen
Consumption and Wage Humps in a Life-Cycle Model with Education
SAFE Working Paper No. 53
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
52Holger Kraft,
Thomas Seiferling, Frank Thomas Seifried
Optimal Consumption and Investment with Epstein-Zin Recursive Utility
SAFE Working Paper No. 52
Jan 2014 Working Papers Financial Markets 1388530800SAFE Working Paper
51Yacine Aït-Sahalia, Roger J. A. Laeven, Loriana PelizzonMutual Excitation in Eurozone Sovereign CDS
SAFE Working Paper No. 51
Jan 2014 Working Papers Financial Markets, Macro Finance, 1388530800SAFE Working Paper
50Ignazio Angeloni, Ester Faia, Roland C. WinklerExit Strategies
SAFE Working Paper No. 50
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
49Stefania Bortolotti, Gabriele Camera, Marco CasariAn Experiment on Retail Payments Systems
SAFE Working Paper No. 49
Jan 2014 Working Papers Macro Finance 1388530800SAFE Working Paper
48Marcel Bluhm, Jan Pieter KrahnenSystemic Risk in an Interconnected Banking System with Endogenous Asset Markets
SAFE Working Paper No. 48
Jan 2014 Working Papers Macro Finance, 1388530800SAFE Working Paper
47Michael Kosfeld,
Ulrich Schüwer
Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education
SAFE Working Paper No. 47
Jan 2014 Working Papers Household Finance, 1388530800SAFE Working Paper
46Marcel Bluhm, Ester Faia, Jan Pieter KrahnenMonetary Policy Implementation in an Interbank Network: Effects on Systemic Risk
SAFE Working Paper No. 46
Jan 2014 Working Papers Macro Finance, 1388530800SAFE Working Paper
45Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana PelizzonLiquidity Coinsurance and Bank Capital
SAFE Working Paper No. 45
Jan 2014 Working Papers Financial Intermediation, 1388530800SAFE Working Paper
44Lorenz SchendelCritical Illness Insurance in Life Cycle Portfolio Problems
SAFE Working Paper No. 44
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
43Lorenz SchendelConsumption-Investment Problems with Stochastic Mortality Risk
SAFE Working Paper No. 43
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
42Reint Gropp, John Krainer, Elizabeth LadermanDid Consumers Want Less Debt? Consumer Credit Demand versus Supply in the Wake of the 2008-2009 Financial Crisis
SAFE Working Paper No. 42
Jan 2014 Working Papers Financial Intermediation, 1388530800SAFE Working Paper
41Adrian Buss, Raman Uppal, Grigory VilkovAsset Prices in General Equilibrium with Recursive Utility and Illiquidity Induced by Transactions Costs
SAFE Working Paper No. 41
Jan 2014 Working Papers Financial Markets 1388530800SAFE Working Paper
40Christoph Hambel, Holger Kraft,
Lorenz Schendel, Mogens Steffensen
Life Insurance Demand under Health Shock Risk
SAFE Working Paper No. 40
Jan 2014 Working Papers Household Finance 1388530800SAFE Working Paper
39H. Evren Damar, Reint Gropp, Adi MordelBanks’ Financial Distress, Lending Supply and Consumption Expenditure
SAFE Working Paper No. 39
Jan 2014 Working Papers Financial Intermediation 1388530800SAFE Working Paper
38Claudia Lambert, Felix Noth, Ulrich SchüwerHow do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act
SAFE Working Paper No. 38
Jan 2013 Working Papers Financial Intermediation 1356994800SAFE Working Paper
37Deyan RadevSystemic Risk and Sovereign Debt in the Euro Area
SAFE Working Paper No. 37
Jan 2013 Working Papers Financial Intermediation, 1356994800SAFE Working Paper
36Florian Hett,
Alexander Schmidt
Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis
SAFE Working Paper No. 36
Jan 2013 Working Papers Financial Intermediation, 1356994800SAFE Working Paper
35Peter Gomber,
Satchit Sagade, Erik Theissen,
Moritz Christian Weber, Christian Westheide
Competition Between Equity Markets: A Review of the Consolidation Versus Fragmentation Debate
SAFE Working Paper No. 35
Jan 2013 Working Papers Financial Markets 1356994800SAFE Working Paper
34Nicole Branger,
Patrick Grüning, Holger Kraft,
Christoph Meinerding,
Christian Schlag
Asset Pricing Under Uncertainty About Shock Propagation
SAFE Working Paper No. 34
Jan 2013 Working Papers Financial Markets 1356994800SAFE Working Paper
33Gabriele Camera, YiLi ChienTwo Monetary Models with Alternating Markets
SAFE Working Paper No. 33
Jan 2013 Working Papers Macro Finance 1356994800SAFE Working Paper
32Gabriele Camera, Alessandro GioffréGame-Theoretic Foundations of Monetary Equilibrium
SAFE Working Paper No. 32
Jan 2013 Working Papers Macro Finance 1356994800SAFE Working Paper
31Dirk Bursian, Sven FürthTrust Me! I am a European Central Banker
SAFE Working Paper No. 31
Jan 2013 Working Papers Macro Finance, 1356994800SAFE Working Paper
30Dirk Bursian, Markus RothOptimal Policy and Taylor Rule Cross-Checking Under Parameter Uncertainty
SAFE Working Paper No. 30
Jan 2013 Working Papers Macro Finance 1356994800SAFE Working Paper
29Iñaki Aldasoro, Ignazio AngeloniInput-Output-Based Measures of Systemic Importance
SAFE Working Paper No. 29
Jan 2013 Working Papers Macro Finance,