SAFE Publications
| Author/s | Title | Program Area | Type | Published | Keywords |
|---|---|---|---|---|---|
| Alejandro Bernales, Nicolas Garrido, Satchit Sagade, Marcela Valenzuela, Christian Westheide | Trader Competition in Fragmented Markets: Liquidity Supply versus Picking-off Risk forthcoming in Journal of Financial and Quantitative Analysis | Financial Markets | Published Paper | 2022 | Fragmentation, Competition, Liquidity, Price Efficiency |
| Stephan Jank, Emanuel Moench, Michael Schneider | Safe Asset Shortage and Collateral Reuse SAFE Working Paper No. 355 | Financial Markets | SAFE Working Paper | 2022 | |
| Sebastian Steuer | Common Ownership and the (Non-)Transparency of Institutional Shareholdings: An EU-US Comparison SAFE Working Paper No. 354 | Law and Finance | SAFE Working Paper | 2022 | |
| Raimond Maurer, Hans-Peter Schwintowski | Die Generationenrente ab Geburt: Vorschlag für eine Altersarmut vermeidende ergänzende kapitalgedeckte Alterssicherung White Paper No. 90 | Household Finance | Policy Paper | 2022 | Generationenrente, kapitalgedeckte Alterssicherung |
| Olga Balakina, Claes Bäckman, Andreas Hackethal, Tobin Hanspal, Dominique Lammer | Good Peers, Good Apples? Peer Effects in Portfolio Quality SAFE Working Paper No. 353 | Household Finance | SAFE Working Paper | 2022 | Household nance, investment decisions, investment behavior, peer eects, social networks |
| Anastasia Kotovskaia, Nicola Meier | BigTech Cryptocurrencies – European regulatory solutions in sight Policy Letter No. 97 | Law and Finance | Policy Paper | 2022 | Cryptocurrencies, Big Techs, MiCA, DMA, DSA, European Commision |
| Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel | Creditworthiness and buildings’ energy efficiency in the Italian mortgage market SAFE Working Paper No. 352 | Financial Markets | SAFE Working Paper | 2022 | |
| Andreas Nölke | The weaponization of global payment infrastructures: A strategic dilemma White Paper No. 89 | Financial Markets, Policy Center | Policy Paper | 2022 | Ukraine, Russia, Sanctions, SWIFT |
| Ulrike M. Malmendier, Vincenzo Pezone | Managerial Duties and Managerial Biases forthcoming in Management Science | Law and Finance | Published Paper | 2022 | |
| Markus Dertwinkel-Kalt, Johannes Kasinger, Dmitrij Schneider | Skewness Preferences: Evidence from Online Poker SAFE Working Paper No. 351 | Financial Intermediation | SAFE Working Paper | 2022 | Online Poker; Risk Attitudes; Risk Preferences; Choice under Risk |
| Massimiliano Caporin, Michele Costola | Time-Varying Granger Causality Tests for Applications in Global Crude Oil Markets: A Study on the DCC-MGARCH Hong Test Energy Economics | Financial Markets | Published Paper | 2022 | Granger Causality, Hong test, DCC-GARCH, Oil market, COVID-19 |
| Ruggero Jappelli, Konrad Lucke, Loriana Pelizzon | Price and Liquidity Discovery in European Sovereign Bonds and Futures SAFE Working Paper No. 350 | Financial Markets | SAFE Working Paper | 2022 | Fixed Income, Limits to Arbitrage, Market Liquidity |
| Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | Spillovers of Funding Dry-ups Journal of International Economics | Financial Intermediation | Published Paper | 2022 | Funding dry-ups Spillovers Money market funds Corporate deposits Dollar funding Banks |
| Dennis Gram, Pantelis Karapanagiotis, Marius Liebald, Uwe Walz | Design and Implementation of a Historical German Firm-level Financial Database forthcoming in Journal of Data and Information Quality | Financial Intermediation, Data Center | Published Paper | 2022 | informational systems, database design, database models, economic history, financial data, cliometrics, |
| Sebastian Steuer, Tobias Tröger | The Role of Disclosure in Green Finance Journal of Financial Regulation | Law and Finance | Published Paper | 2022 | |
| Rainer Haselmann, Jan Pieter Krahnen, Tobias Tröger, Mark Wahrenburg | Institutional Protection Schemes: What are their differences, strengths, weaknesses, and track records? White Paper No. 88 | Financial Intermediation | Policy Paper | 2022 | IPS, deposit guarantee scheme, savings banks |
| Fabian Nemeczek, Jan Wedigo Radermacher | Personality-Augmented MPC: Linking Survey and Transaction Data to Explain MPC Heterogeneity by Big Five Personality Traits SAFE Working Paper No. 348 | Household Finance | SAFE Working Paper | 2022 | Marginal Propensity to Consume, Big Five Personality, Survey Data, Transaction Data |
| Heiko Jacobs, Christine Laudenbach, Sebastian Müller, Philipp Schreiber, Martin Weber | Die genial einfache Vermögensstrategie - so gelingt die finanzielle Unabhängigkeit Campus Verlag | Household Finance | Published Paper | 2020 | Vermögen, Kapitalanlage, Financial Investment |
| Emily C. Haisley, Christine Laudenbach, Martin Weber | The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite Management Science | Household Finance | Published Paper | 2013 | risk taking, asset allocation, risk perception |
| Christine Laudenbach, Martin Weber | Sometimes Less is More - the Influence of Information Aggregation on Investment Decisions Journal of Economic Behavior & Organization | Household Finance | Published Paper | 2013 | risk-return, information aggregation, investment decisions |
| Christian Ehm, Christine Laudenbach, Martin Weber | Volatility Inadaptability: Investors Care About Risk, but Cannot Cope with Volatility Review of Finance | Household Finance | Published Paper | 2014 | volatility, risk attitude, experimental finance, behavioral asset pricing |
| Christine Laudenbach, Ulrike M. Malmendier, Alexandra Niessen-Ruenzi | Emotional Tagging and Belief Formation: The Long-Lasting Effects of Experiencing Communism AEA Papers and Proceedings | Household Finance | Published Paper | 2019 | Household Finance, Emotional Tagging, Communism |
| Andrej Gill, Florian Hett, Johannes Tischer | Time Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments SAFE Working Paper No. 347 | Household Finance, Experiment Center | SAFE Working Paper | 2022 | Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement |
| Alfons J. Weichenrieder | Russia Today – The Russian Invasion of Ukraine and Russia’s Public Finances Policy Letter No. 96 | Macro Finance | Policy Paper | 2022 | Ukraine, Russia, Invasion, Public Finance, Energy Embargo |
| Roman Inderst, Marcus Opp | Socially Optimal Sustainability Standards with Non-Consequentialist ("Warm Glow") Investors SAFE Working Paper No. 346 | Financial Intermediation, Law and Finance, Household Finance | SAFE Working Paper | 2022 | Sustainability; ESG; green financing; labelling; |
| Florian Heider, Roman Inderst | A Corporate Finance Perspective on Environmental Policy SAFE Working Paper No. 345 | Financial Intermediation, Law and Finance, Household Finance | SAFE Working Paper | 2022 | |
| Steffen Eibelshäuser, Fabian Smetak | Frequent Batch Auctions and Informed Trading SAFE Working Paper No. 344 | Household Finance, Financial Markets | SAFE Working Paper | 2022 | |
| Alessandro Di Nola, Leo Kaas, Haomin Wang | Rescue Policies for Small Businesses in the COVID-19 Recession SAFE Working Paper No. 343 | Macro Finance | SAFE Working Paper | 2022 | |
| Alperen Afsin Gözlügöl, Wolf-Georg Ringe | Private Companies: The Missing Link on The Path to Net Zero SAFE Working Paper No. 342 | Law and Finance | SAFE Working Paper | 2022 | private companies, net zero transition, sustainability disclosures, brown-spinning, climate change, private equity |
| Ignazio Angeloni, Christopher Daase, Nicole Deitelhoff, Matthias Goldmann, Jan Pieter Krahnen, Stefan Kroll, Carl-Georg Luft, Andreas Nölke, Anton Peez, Loriana Pelizzon | Designing a rational sanctioning strategy Policy Letter No. 95 | Financial Markets | Policy Paper | 2022 | SWIFT, Russian Sanctions |
| Sandra Eckert | The 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 | Financial Intermediation | SAFE Working Paper | 2022 | |
| Tobias Tröger | Capital and Liquidity Requirements for European Banks forthcoming in Oxford EU Financial Regulation (Oxford University Press) | Law and Finance | Published Paper | 2022 | |
| Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart | The Trading Response of Individual Investors to Local Bankruptcies Journal of Financial Economics | Household Finance | Published Paper | 2021 | Individual investors, risk-taking, trading, experiences |
| Markus Kröll, Devesh Rustagi | Measuring Honesty and Explaining Adulteration in Naturally Occurring Markets forthcoming in Journal of Development Economics | Law and Finance, Experiment Center | Published Paper | 2022 | Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India |
| Alexander Hillert, Heiko Jacobs, Sebastian Müller | Media Makes Momentum Review of Financial Studies | Data Center | Published Paper | 2014 | |
| Alexander Hillert, Heiko Jacobs | Alphabetic Bias, Investor Recognition, and Trading Behavior Review of Finance | Data Center | Published Paper | 2015 | |
| Maug Ernst, Alexander Hillert, Stefan Obernberger | Stock Repurchases and Liquidity Journal of Financial Economics | Data Center | Published Paper | 2016 | |
| Alexander Hillert, Heiko Jacobs, Sebastian Müller | Journalist Disagreement Journal of Financial Markets | Data Center | Published Paper | 2018 | |
| Anastasia Kotovskaia, Tobias Tröger | National Interests and Supranational Resolution in the European Banking Union SAFE Working Paper No. 340 | Financial Intermediation | SAFE Working Paper | 2022 | SRB, SRF, bank resolution, banking union, bail-in, ESM, national interest, political economy, bureaucrats’ incentives |
| Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre Guettler | Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract Journal of Financial and Quantitative Analysis | Financial Intermediation, Systemic Risk Lab | Published Paper | 2019 | |
| Roman Inderst, Stefan Thomas | Nachhaltigkeit und Wettbewerb: Zu einer Reform des Wettbewerbsrechts für die Erreichung von Nachhaltigkeitszielen Policy Letter No. 94 | Law and Finance | Policy Paper | 2022 | Nachhaltigkeit, ESG, Wettbewerbsrecht |
| Maximilian Lubda, Elsa Massoc | Social Media, Polarization and Democracy: A Multi-Methods Analysis of Polarized Users’ Interactions on Reddit’s r/WallStreetBets SAFE Working Paper No. 337 | Law and Finance | SAFE Working Paper | 2022 | social media, polarization, democracy, investment forum |
| Victor Klockmann, Marie Claire Villeval, Alicia von Schenk | Artificial Intelligence, Ethics, and Intergenerational Responsibility SAFE Working Paper No. 335 | Household Finance, Experiment Center | SAFE Working Paper | 2021 | |
| Matthias Goldmann | Contesting Austerity in the 1970s and 1980s - When Human Rights Went Missing Contingency in International Law: On the Possibility of Different Legal Histories | Financial Intermediation, Macro Finance | Published Paper | 2021 | |
| Matthias Goldmann, Ingo Venzke, Armin von Bogdandy | Gemeinwohl im Völkerrecht. Eine Theorie internationaler öffentlicher Gewalt Normative Ordnungen (Suhrkamp) | Financial Intermediation, Law and Finance, Macro Finance | Published Paper | 2021 | |
| Matthias Goldmann | Finanzverfassung und kommunaler Finanzausgleich. Zum Begriff der Finanzkraftreihenfolge bei interkommunalen Umlagen Die Öffentliche Verwaltung | Financial Intermediation, Law and Finance | Published Paper | 2021 | |
| Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit Zafar | Biases in Information Selection and Processing: Survey Evidence from the Pandemic forthcoming in The Review of Economics and Statistics | Law and Finance | Published Paper | 2022 | Belief updating, confirmatory biases, endogenous informa- tion acquisition, media polarization, source dependence, COVID-19 |
| Ilya Dergunov, Christoph Meinerding, Christian Schlag | Extreme Inflation and Time-Varying Expected Consumption Growth forthcoming in Management Science | Financial Markets | Published Paper | 2022 | |
| Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon | Sustainable Finance: A journey toward ESG and climate risk SAFE Working Paper No. 349 | Financial Markets | SAFE Working Paper | 2022 | Environmental, social, and governance factors (ESG); credit risk; debt cost; equity cost; sovereign bonds; portfolio management |
| Pietro Dindo, Andrea Modena, Loriana Pelizzon | Risk Pooling, Intermediation Efficiency, and the Business Cycle forthcoming in Journal of Economic Dynamics & Control | Financial Markets, Macro Finance | Published Paper | 2022 | Amplification, business cycle, efficiency, dampening, restricted market participation, risk pooling |
| Alperen Afsin Gözlügöl | Controlling Tunnelling Through Lending Arrangements: The Disciplining Effect of Lending Arrangements on Value-Diversion, Its Limits and Implications European Business Law Review | Law and Finance | Published Paper | 2022 | |
| Alperen Afsin Gözlügöl | Blinded by Fairness: Why We Need (Strong) Procedural Safeguards in Screening Self-Dealing and Obtaining A Fair Price Is Not the Answer forthcoming in European Business Organization Law Review | Law and Finance | Published Paper | 2022 | |
| Alperen Afsin Gözlügöl | Related Party Transactions by Directors/Managers in Public Companies: A Data-Supported Analysis Journal of Corporate Law Studies | Law and Finance | Published Paper | 2021 | |
| Alperen Afsin Gözlügöl | The Political Economy of the Related Party Transactions Regulation in the Shareholders’ Rights Directive II Yearbook of European Law (Oxford University Press) | Law and Finance | Published Paper | 2020 | |
| Raimond Maurer | Chancen und Risiken der kapitalgedeckten Alterssicherung Vermögensbildungspolitik (Springer) | Household Finance | Published Paper | 2021 | |
| Ilya Dergunov, Christoph Meinerding, Christian Schlag | Extreme Inflation and Time-Varying Expected Consumption Growth SAFE Working Paper No. 334 | Financial Markets | SAFE Working Paper | 2022 | |
| Sandra 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 | Macro Finance | SAFE Working Paper | 2022 | |
| Andreas Nölke | For a Plurality of Economic and Social Models! Against a Monolithic Euro State! Key Controversies in European Integration (Bloomsbury Publishing) | Macro Finance | Published Paper | 2021 | |
| Andreas Nölke | In Search of Institutional Complementarities: Comparative Capitalism and Economic Policy Reform Journal of Economic Policy Reform | Macro Finance | Published Paper | 2021 | |
| Andreas Nölke | The Deformation of the Core by Dependency Relations: The Case of Germany in Europe Dependent Capitalisms in Contemporary Latin America and Europe. International Political Economy Series (Springer) | Macro Finance | Published Paper | 2021 | |
| Sandra Eckert | The European Green Deal and the EU’s Regulatory Power in Times of Crisis The JCMS Annual Review of the European Union in 2020 | Macro Finance | Published Paper | 2021 | |
| Vincent R. Lindner | Solidarity without Conditionality. Comparing the EU Covid-19 Safety Nets SURE, Pandemic Crisis Support, and European Guarantee Fund SAFE Working Paper No. 333 | Macro Finance | SAFE Working Paper | 2022 | |
| Benedikt Happ, Tobias Tröger | Beschlussmängelrecht nach dem MoPeG: Bestandsaufnahme, Kritik und Fortentwicklung Zeitschrift für Wirtschaftsrecht | Law and Finance | Published Paper | 2021 | |
| Rainer Haselmann, Tobias Tröger | When and How to Unwind COVID-Support Measures to the Banking System? Financial Stability amidst the Pandemic Crisis: On Top of the Wave | Law and Finance | Published Paper | 2021 | Covid-19, Forbearance, Bank Capitalization, Bank Resolution, Supervisory Relief Measures, Financial Stability |
| Tobias Tröger | Personelle Reichweite aktienrechtlicher Stimmverbote bei Aktionärsgruppen mit einheitlicher Interessenausrichtung Festschrift für Barbara Grunewald | Law and Finance | Published Paper | 2021 | |
| Benedikt Happ, Tobias Tröger | Unzulängliche Institutionenbildung im Beschlussmängelrecht der Personengesellschaft Neue Zeitschrift für Gesellschaftsrecht | Law and Finance | Published Paper | 2021 | |
| Victor Klockmann, Marie Claire Villeval, Alicia von Schenk | Artificial Intelligence, Ethics, and Diffused Pivotality SAFE Working Paper No. 336 | Household Finance, Experiment Center | SAFE Working Paper | 2021 | Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment |
| Gyozo Gyöngyösi, Judit Rariga, Emil Verner | The Anatomy of Consumption in a Household Foreign Currency Debt Crisis SAFE Working Paper No. 332 | Household Finance | SAFE Working Paper | 2021 | |
| Nina Biljanovska, Spyridon Palligkinis | Control Thyself: Self-Control Failure and Household Wealth Journal of Banking & Finance | Household Finance, Macro Finance | Published Paper | 2018 | Self-Control, Household Wealth, Household Finance |
| Alexander Ludwig, Matthias Schön | Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods Computational Economics (Springer) | Household Finance, Macro Finance | Published Paper | 2018 | Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation |
| Shafik Hebous, Tom Zimmermann | Revisiting the Narrative Approach of Estimating Tax Multipliers The Scandinavian Journal of Economics | Macro Finance | Published Paper | 2018 | Narrative Approach, Fiscal Stabilization, Tax Multiplier, Weak Instruments |
| Ruggero Jappelli, Loriana Pelizzon, Alberto Plazzi | The Core, the Periphery, and the Disaster: Corporate-Sovereign Nexus in COVID-19 Times SAFE Working Paper No. 331 | Financial Markets | SAFE Working Paper | 2021 | |
| Iñaki Aldasoro, Iván Alves | Multiplex Interbank Networks and Systemic Importance: An Application to European Data Journal of Financial Stability | Macro Finance | Published Paper | 2018 | interbank networks, systemic importance, multiplex networks |
| Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek | Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence Journal of Risk and Insurance | Household Finance | Published Paper | 2021 | Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security |
| Giovanni Bonaccolto, Massimiliano Caporin, Roberto Panzica | Estimation and Model-Based Combination of Causality Networks Journal of Empirical Finance | Financial Markets | Published Paper | 2019 | Granger causality, quantile causality, multi-layer network, network combination |
| Michael Donadelli, Patrick Grüning | Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare The North American Journal of Economics and Finance | Financial Markets | Published Paper | 2021 | Endogenous growth, Asset pricing, Government, Fiscal policy, Heterogeneous innovation |
| Andreas Barth, Deyan Radev | Integration Culture of Global Banks and the Transmission of Lending Shocks Journal of Banking & Finance | Financial Intermediation | Published Paper | 2022 | |
| Tobias Tröger | Why MREL Won’t Help Much: Minimum Requirements for Bail-In Capital as an Insufficient Remedy for Defunct Private Sector Involvement Under the European Bank Resolution Framework Journal of Banking Regulation | Financial Intermediation | Published Paper | 2019 | MREL, TLAC, G-SIB, bail-in, bank resolution |
| Baptiste Massenot, Yuri Pettinicchi | Can Firms See into the Future? Survey Evidence from Germany Journal of Economic Behavior & Organization | Macro Finance | Published Paper | 2018 | Expectation formation; Expectation error; Learning; Extrapolation; Experience |
| Michael Donadelli, Patrick Grüning, Marcus Jüppner, Renatas Kizys | Global Temperature, R&D Expenditure, and Growth Energy Economics | Financial Markets | Published Paper | 2021 | Global Temperature, R&D, Welfare Costs |
| Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior How Persistent Low Returns Will Shape Saving and Retirement (University Press Scholarship Online) | Household Finance | Published Paper | 2018 | dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax |
| Tobias Tröger | Regulation of Crowdfunding in Germany Legal Aspects of Crowdfunding. In: Ius Comparatum - Global Studies in Comparative Law (Springer) | Law and Finance | Published Paper | 2021 | crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation |
| Dirk Krueger, Alexander Ludwig, Sergio Villalvazo | Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk Journal of Public Economics | Macro Finance | Published Paper | 2021 | Idiosyncratic riskTaxation of capitalOverlapping generationsPrecautionary savingPecuniary externalities |
| Luca Enriques, Tobias Tröger | Germany’s Reluctance to Regulate Related Party Transactions: An Industrial Organization Perspective The Law and Finance of Related Party Transactions (Cambridge University Press) | Law and Finance | Published Paper | 2019 | related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law |
| Florian Hoffmann, Roman Inderst, Marcus Opp | Only Time will Tell: A Theory of Deferred Compensation The Review of Economic Studies | Law and Finance | Published Paper | 2021 | Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle |
| Andreas Hackethal, Steffen Meyer, Charline Uhr | Smoking Hot Portfolios? Overtrading from Self-Control Failure Journal of Empirical Finance | Household Finance | Published Paper | 2021 | self-control; portfolio allocation; individual investor; trading behavior |
| Matthias Thiemann, Tobias Tröger | Detecting Tail Risks to Preclude Regulatory Arbitrage Accounting, Economics, and Law: A Convivium | Financial Intermediation | Published Paper | 2020 | shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation |
| Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr | Ambiguity About Volatility and Investor Behavior forthcoming in Journal of Financial Economics | Household Finance | Published Paper | 2022 | |
| Tobias Tröger | Bewertung des Vorschlags der BaFin für eine Richtlinie für nachhaltige Investmentvermögen Policy Letter No. 93 | Law and Finance | Policy Paper | 2021 | Sustainable Finance, Regulierung, Nachhaltigkeit, Offenlegungspflichten, BaFin |
| Jan Krzyzanowski, Uwe Walz | Bank Regulation, Lending and Patenting: Evidence from the EBA Capital Exercise SAFE Working Paper No. 330 | Financial Intermediation | SAFE Working Paper | 2021 | financing, bank lending, patents |
| Jana Eisenkopf, Steffen Juranek, Uwe Walz | Responsible Investment and Stock Market Shocks: Short-Term Insurance and Persistent Outperformance Post-Crisis? SAFE Working Paper No. 329 | Financial Intermediation | SAFE Working Paper | 2021 | Responsible investment, ESG, stock market crisis, persistence |
| Benjamin Clapham, Peter Gomber, Michael Siering | Popular News Are Relevant News! How Investor Attention Affects Algorithmic Decision-Making and Decision Support in Financial Markets Information Systems Frontiers | Financial Markets | Published Paper | 2021 | |
| Micha Bender, Benjamin Clapham, Peter Gomber, Jascha-Alexander Koch | To Bundle or Not to Bundle? A Review of Soft Commissions and Research Unbundling Financial Analysts Journal | Financial Markets | Published Paper | 2021 | |
| Micha Bender, Tino Cestonaro, Peter Gomber, Jascha-Alexander Koch | Research Unbundling and COVID-19: Will Europe's Capital Markets Recovery Package Help? Journal of Investing | Financial Markets | Published Paper | 2021 | |
| Hoang Ha Nguyen Thi, Alfons J. Weichenrieder | C and S Corporation Banks: Did Trump’s Tax Reform Lead to Differential Effects? SAFE Working Paper No. 328 | Macro Finance | SAFE Working Paper | 2021 | Tax Cuts and Jobs Act, corporate taxation, S corporations, C corporations, banks |
| Otmar Issing | Central Banks – independent or almighty? Policy Letter No. 92 | Macro Finance | Policy Paper | 2021 | Central banks |
| Fincap Team, Jan Pieter Krahnen, Loriana Pelizzon, Christian Westheide | Non-Standard Errors SAFE Working Paper No. 327 | Financial Intermediation, Financial Markets | SAFE Working Paper | 2021 | non-standard errors, multi-analyst approach, liquidity |
| Wenhui Li, Peter Ockenfels, Christian Wilde | The Effect of Ambiguity on Price Formation and Trading Behavior in Financial Markets SAFE Working Paper No. 326 | Financial Markets | SAFE Working Paper | 2021 | ambiguity, financial market, market price, volatility, trading activity, bid- ask spread, market-based measure of ambiguity, laboratory experiment |
| Alperen Afsin Gözlügöl | The 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 | Law and Finance | SAFE Working Paper | 2021 | climate change, sustainability, ESG, employees, workforce, net zero transition, corporate governance, institutional investors, green finance |
| Gyozo Gyöngyösi, Emil Verner | Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis American Economic Review | Household Finance | Published Paper | 2020 | |
| Gyozo Gyöngyösi, Emil Verner | Financial Crisis, Creditor-Debtor Conflict, and Populism forthcoming in Journal of Finance | Household Finance | Published Paper | 2022 | |
| Andreas Hackethal, Tobin Hanspal, Dominique Lammer, Kevin Rink | The Characteristics and Portfolio Behavior of Bitcoin Investors: Evidence from Indirect Cryptocurrency Investments forthcoming in Review of Finance | Household Finance | Published Paper | 2022 | Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior |
| Monica Billio, Bertrand B. Maillet, Loriana Pelizzon | A Meta-Measure of Performance Related to Both Investors and Investments Characteristics forthcoming in Annals of Operations Research | Financial Markets | Published Paper | 2022 | |
| Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon | Networks in Risk Spillovers: A Multivariate GARCH Perspective forthcoming in Econometrics and Statistics | Financial Intermediation, Systemic Risk Lab | Published Paper | 2022 | spatial GARCH; network; risk spillover; nancial spillover |
| Katja Langenbucher, Loriana Pelizzon | Short Selling – On Ethics, Politics, and Culture Zeitschrift für Bankrecht und Bankwirtschaft | Financial Markets | Published Paper | 2021 | |
| Jan Pieter Krahnen, Jörg Rocholl, Marcel Thum | A primer on green finance: From wishful thinking to marginal impact White Paper No. 87 | Financial Markets | Policy Paper | 2021 | Green Finance, Climate Change, Sustainability, Taxonomy, ESG |
| Massimiliano Caporin, Michele Costola | Time-Varying Granger Causality Tests for Applications in Global Crude Oil Markets: A Study on the DCC-MGARCH Hong Test SAFE Working Paper No. 324 | Financial Markets | SAFE Working Paper | 2021 | Granger Causality, Hong test, DCC-GARCH, Oil market, COVID-19 |
| Alexandre Corhay, Thilo Kind, Howard Kung, Gonzalo Morales | Discount Rates, Debt Maturity, and the Fiscal Theory SAFE Working Paper No. 323 | Macro Finance | SAFE Working Paper | 2021 | Term structure of interest rates, Fiscal theory of the price level, Bond risk premia, Government debt, DSGE models, Nonlinear solution methods |
| Gianluca Anese, Marco Corazza, Michele Costola, Loriana Pelizzon | Impact of Public News Sentiment on Stock Market Index Return and Volatility SAFE Working Paper No. 322 | Financial Markets | SAFE Working Paper | 2021 | Public financial news, Stock market, NLP, Dictionary, LSTM neural net- works, Investor sentiment, S&P 500 |
| Dmitry Kuvshinov, Niklas Kaspar Zimmermann | The Big Bang: Stock Market Capitalization in the Long Run forthcoming in Journal of Financial Economics | Macro Finance | Published Paper | 2022 | Stock market capitalizationEquity issuanceCorporate profitsWealth-to-income ratiosLong-run trends |
| Prioritäten für die Bundestagswahl 2021 im Finanzbereich Policy Letter No. 91 | Financial Markets | Policy Paper | 2021 | Klimawandel, Green Finance, Digitalisierung, Finanzstabilität, Bankenunion, Kapitalmarktunion, Altersversorgung | |
| Dennis 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 In Proceedings of the ICTeSSH 2021 conference | Financial Intermediation, Data Center | Thirdparty Related Work | 2021 | |
| Ignazio Angeloni, Johannes Kasinger, Chantawit Tantasith | The Geography of Banks in the United States (1990-2020) SAFE Working Paper No. 321 | Financial Intermediation | SAFE Working Paper | 2021 | |
| Sebastian Steuer, Tobias Tröger | The Role of Disclosure in Green Finance SAFE Working Paper No. 320 | Law and Finance | SAFE Working Paper | 2021 | |
| Erik Theissen, Christian Westheide | Call of Duty: Designated Market Maker Participation in Call Auctions SAFE Working Paper No. 319 | Financial Markets | SAFE Working Paper | 2021 | |
| Michele Costola, Matteo Iacopini, Carlo R.M.A. Santagiustina | On the “Mementum” of Meme Stocks Economics Letters | Financial Markets | Published Paper | 2021 | Meme stocksSocial mediaSocial tradingCointegrationRegime switching |
| Kevin 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 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2021 | |
| Volker Flögel, Christian Schlag, Claudia Zunft | Momentum-Managed Equity Factors SAFE Working Paper No. 317 | Financial Markets | SAFE Working Paper | 2021 | factor timing, time series momentum, anomalies |
| Rainer Haselmann, Tobias Tröger | What are the main differences between the practice of supervising large banks in the UK and in the euro area, and what are the main risks of regulatory divergence? White Paper No. 86 | Law and Finance | Policy Paper | 2021 | Bank Supervision, Economic Governance, Banking Union, Brexit |
| Christian 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 | Financial Markets | SAFE Working Paper | 2021 | Bank Bailout, TARP, Capital Purchase Program, Dividend Pay- ments, Board Appointments, Bank Recapitalization |
| Barbara Kaschützke, Raimond Maurer | Staatliche Sicherung und Eigenvorsorge in der Sozialen Marktwirtschaft der Bundesrepublik Deutschland Policy Letter No. 90 | Household Finance | Policy Paper | 2021 | Soziale Marktwirtschaft, staatliche Sozialversicherung, private Vermögensbildung, demographischer Wandel |
| Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel | Buildings' Energy Efficiency and the Probability of Mortgage Default: The Dutch Case forthcoming in Journal of Real Estate Finance and Economics | Financial Markets, Systemic Risk Lab | Published Paper | 2022 | Mortgages, Energy Eciency, Credit Risk |
| Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon | Inside the ESG Ratings: (Dis)agreement and Performance Corporate Social Responsibility and Environmental Management, Special Issue on Environmental, Social, Governance: Implications for Businesses and Effects for Stakeholders | Financial Markets | Published Paper | 2021 | |
| Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova | Recovery from Fast Crashes: Role of Mutual Funds forthcoming in Journal of Financial Markets | Financial Markets, Systemic Risk Lab, Data Center | Published Paper | 2022 | Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital |
| Farshid Abdi, Mila Getmansky Sherman, Emily Kormanyos, Loriana Pelizzon, Zorka Simon | The President Reacts to News Channel of Government Communication SAFE Working Paper No. 314 | Financial Markets | SAFE Working Paper | 2021 | Market efficiency, Social media, Twitter, High-frequency event study, Machine learning, ETFs. |
| Thomas Huertas | Reset required: The euro area crisis management and deposit insurance framework White Paper No. 85 | Financial Intermediation | Policy Paper | 2021 | Deposit Insurance, Crisis Management, BRRD, Resolution |
| Mahendrarajah Nimalendran, Khaladdin Rzayev, Satchit Sagade | High-Frequency Trading (HFT) in the Stock Market and the Costs of Option Market Making | Financial Markets | Thirdparty Working Paper | 2021 | |
| Kevin Bauer, Andrej Gill | Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies SAFE Working Paper No. 313 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2021 | Algorithmic transparency, algorithmic decision support, human–machine interaction |
| Johannes Kasinger, Lukas Nöh, Alfons J. Weichenrieder | Zinsänderungsrisiken und langfristige Zinsbindung vor dem Hintergrund der hessischen Zinsswaps Perspektiven der Wirtschaftspolitik | Macro Finance | Published Paper | 2019 | |
| Kunka Petkova, Alfons J. Weichenrieder | The Relevance of Depreciation Allowances as a Fiscal Policy Instrument: A Hybrid Approach to CCCTB? Empirica | Macro Finance | Published Paper | 2020 | |
| Elsa Massoc | Fifty 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 | Law and Finance | SAFE Working Paper | 2022 | finance, opinion, social media, discourse analysis |
| Theresa Kreft | Bankenstrukturreformen in Deutschland und dem Vereinigten Königreich Schriften zum Unternehmens- und Kapitalmarktrecht 68 (Mohr Siebeck) | Law and Finance | Published Paper | 2019 | |
| Kevin Bauer, Oliver Hinz, Christof Weinhardt, Wil van der Aalst | Expl(AI)n It to Me – Explainable AI and Information Systems Research Business & Information Systems Engineering | Financial Intermediation, Experiment Center | Published Paper | 2021 | |
| Can Gao, Ian Martin | Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment Journal of Finance | Financial Markets | Published Paper | 2021 | bubbles, Option prices, sentiment, valuation ratios, volatility |
| Can Gao, Ian Martin | Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment SAFE Working Paper No. 312 | Financial Markets | SAFE Working Paper | 2021 | bubbles, Option prices, sentiment, valuation ratios, volatility |
| Patrick Blank, Ann-Katrin Kaufhold, Jan Pieter Krahnen, Katja Langenbucher | BaFin (in)dependence – A reform proposal White Paper No. 82 | Law and Finance, Financial Markets | Policy Paper | 2021 | Capital markets, supervision, Wirecard |
| Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal | Consuming Dividends forthcoming in Review of Financial Studies | Household Finance | Published Paper | 2022 | Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor |
| Andreas Nölke | Capitalist Diversity in Europe The Routledge Handbook of Critical European Studies (Routledge Taylor & Francis Group) | Macro Finance | Published Paper | 2021 | |
| Vincent R. Lindner | Conflict or Cooperation? Explaining the European Commission’s and Social Partners’ Preferences for Low-Level Social Dialogue forthcoming in The Role of Social Partners in Managing Europe’s Great Recession Crisis Corporatism or Corporatism in Crisis? (Routledge Taylor & Francis Group) | Macro Finance | Published Paper | 2021 | |
| Kardelen Günaydin, Daniel Mertens | Politisiertes Sparen und die Europäische Zentralbank. Zur Politischen Ökonomie der Geldpolitischen Debatte in Deutschland | Macro Finance | Published Paper | 2020 | |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Cognitive Processes SAFE Working Paper No. 315 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2021 | XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency |
| Elsa Massoc | When Do Banks Do What Governments Tell Them to Do? A Comparative Study of Greek Bonds’ Management in France and Germany at the Onset of the Euro-Crisis' New Political Economy | Financial Intermediation | Published Paper | 2020 | |
| Johannes Kasinger, Jan Pieter Krahnen, Steven Ongena, Loriana Pelizzon, Maik Schmeling, Mark Wahrenburg | Non-performing Loans - New risks and policies? White Paper No. 84 | Financial Markets | Policy Paper | 2021 | Covid-19, Non-performing Loans, Bank Resolution, Secondary Loan Markets, BRRD |
| Rainer Haselmann, Tobias Tröger | When and how to unwind COVID-support measures to the banking system? White Paper No. 83 | Law and Finance | Policy Paper | 2021 | Covid-19, Forbearance, Bank Capitalization, Bank Resolution, Supervisory Relief Measures, Financial Stability |
| Loriana Pelizzon, Aleksandra Rzeźnik, Kathleen Weiss Hanley | Investor Reliance on ESG Ratings and Stock Price Performance SAFE Working Paper No. 310 | Financial Markets | SAFE Working Paper | 2021 | Corporate Social Responsibility, ESG Rating Agencies, Sustainable Invest- ments, Socially responsible investing, ESG, Portfolio choice |
| Tim Alexander Kroencke, Maik Schmeling, Andreas Schrimpf | The FOMC Risk Shift Journal of Monetary Economics | Financial Markets | Published Paper | 2021 | |
| Christoph Hambel, Holger Kraft, Eduardo S. Schwartz | Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change European Economic Review | Macro Finance, Systemic Risk Lab | Published Paper | 2020 | |
| Tabea Bucher-Koenen, Andreas Hackethal, Johannes Koenen, Christine Laudenbach | Gender Differences in Financial Advice SAFE Working Paper No. 309 | Household Finance | SAFE Working Paper | 2021 | credence goods, financial aptitude, consumer protection, financial literacy, discrimination |
| Thomas Pauls | The Impact of Temporal Framing on the Marginal Propensity to Consume SAFE Working Paper No. 308 | Household Finance | SAFE Working Paper | 2021 | |
| Samuel Rönnqvist, Satchit Sagade, Katia Vozian, Pontus Wistbacka | Predicting Stock Price and Spread Movements from News Proceedings of the 54th Hawaii International Conference on System Sciences, p. 1593 | Financial Markets, Systemic Risk Lab, Data Center | Thirdparty Working Paper | 2021 | |
| Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit Zafar | Biases in Information Selection and Processing: Survey Evidence from the Pandemic SAFE Working Paper No. 307 | Law and Finance | SAFE Working Paper | 2021 | Belief updating, confirmatory biases, endogenous informa- tion acquisition, media polarization, source dependence, COVID-19 |
| Aljoscha Janssen, Johannes Kasinger | Obfuscation and Rational Inattention in Digitalized Markets SAFE Working Paper No. 306 | Financial Intermediation, Financial Markets | SAFE Working Paper | 2021 | Rational Inattention, Obfuscation, Price Competition, Digitalized Markets |
| Kevin Bauer, Oliver Hinz, Patrick Weber | KI in der Finanzbranche: Im Spannungsfeld zwischen technologischer Innovation und regulatorischer Anforderung White Paper No. 80 | Financial Intermediation | Policy Paper | 2021 | Künstliche Intelligenz, Regulatorik, Finanzbranche, eXplainable Artificial Intelligence, Machine Learning |
| Sabine Bernard, Benjamin Loos, Martin Weber | The Disposition Effect in Boom and Bust Markets SAFE Working Paper No. 305 | Household Finance | SAFE Working Paper | 2021 | Disposition Effect, Financial Market Cycles, Household Finance, Retail Investor |
| Monica Billio, Mila Getmansky Sherman, Andrew Lo, Loriana Pelizzon, Abalfazl Zareei | Global Realignment in Financial Market Dynamics SAFE Working Paper No. 304 | Financial Markets | SAFE Working Paper | 2021 | Network theory; Centrality; High Frequency Data; ETFs; Financial Crises; Covid-19; International Finance |
| Andreas 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 | Household Finance | SAFE Working Paper | 2021 | fintech, investor behavior, financial risk-taking, lottery-type assets, investment biases, trend chasing, spillover effects |
| Stephanie Collet, Caroline Fohlin | From Liberalism to Fascism and Back Again: Law, Politics and the Evolution of Corporate Governance in Germany (1850-1950) The Emergence of Corporate Governance - People, Power and Performance (Routledge Taylor & Francis Group) | Law and Finance, Data Center | Published Paper | 2021 | |
| Di Bu, Tobin Hanspal, Yin Liao, Yong Liu | Risk Taking, Preferences, and Beliefs: Evidence from Wuhan SAFE Working Paper No. 301 | Household Finance | SAFE Working Paper | 2020 | |
| Dennis 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 | Financial Intermediation, Data Center | SAFE Working Paper | 2021 | |
| Ferdinand von Siemens | Motivated Beliefs and the Elderly’s Compliance with COVID-19 Measures SAFE Working Paper No. 299 | Law and Finance, Experiment Center | SAFE Working Paper | 2021 | motivated beliefs; compliance behavior; age; health; COVID-19 |
| Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam | Corona and banking - A financial crisis in slow motion? An evaluation of the policy options White Paper No. 79 | Financial Markets | Policy Paper | 2021 | Bank Capitalization, Financial Crisis, Covid-19, Non-performing Loans, Asset Management Companies, Forbearance |
| Di Bu, Tobin Hanspal, Yin Liao, Yong Liu | Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing forthcoming in Journal of Financial and Quantitative Analysis | Household Finance | Published Paper | 2022 | Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China |
| Thomas Mosk | Captured by financial institutions? New academic insights for European policymakers White Paper No. 77 | Financial Markets | Policy Paper | 2020 | Regulatory Capture, Lobbying, Transparency, Quid-pro-quo Mechanism |
| Sandra Eckert, Vincent R. Lindner, Andreas Nölke | EMU reform proposals and their (non) implementation: An overview White Paper No. 78 | Macro Finance | Policy Paper | 2020 | Economic and Monetary Union; Banking Union; Capital Markets Union; Financial Integration; Economic Governance; Fiscal Solidarity; Eurozone; Policy Analysis |
| Emanuel Moench, Loriana Pelizzon, Michael Schneider, Calebe de Roure | OTC Discount SAFE Working Paper No. 298 | Financial Markets, Systemic Risk Lab, Data Center | SAFE Working Paper | 2020 | Market Microstructure, Hybrid Markets, Venue Choice, Interdealer Brokerage, Fixed-Income, OTC Markets, Search Frictions, Information Frictions |
| Andreas Hackethal, Annika Weber | Fiscal Policies and Household Consumption during the COVID-19 Pandemic: A Review of Early Evidence White Paper No. 76 | Household Finance | Policy Paper | 2020 | Household Consumption, Fiscal Policies, Covid-19, Fiscal Stimulus Program |
| Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr | Ambiguity and Investor Behavior SAFE Working Paper No. 297 | Household Finance | SAFE Working Paper | 2020 | ambiguity, uncertainty, individual investor, trading behavior |
| Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo Wix | Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital? SAFE Working Paper No. 296 | Financial Intermediation | SAFE Working Paper | 2020 | |
| Andreas Hackethal, Raimond Maurer | Beitragsgarantien in der kapitalgedeckten Altersversorgung: Ein Reformvorschlag in Zeiten des Niedrigzinsniveaus White Paper No. 75 | Household Finance | Policy Paper | 2020 | Private Altersvorsorge, Beitragsgarantien, Riester-Rente, Niedrigzinsen |
| Besart Avdiu, Alfons J. Weichenrieder | Financing Costs and the Efficiency of Public-Private Partnerships SAFE Working Paper No. 295 | Macro Finance | SAFE Working Paper | 2020 | Public-Private Partnerships, Infrastructure, Financing Costs, Default. |
| Eren Gürer, Alfons J. Weichenrieder | Inflation, Inflationsmessung und Zentralbankpolitik Policy Letter No. 89 | Macro Finance | Policy Paper | 2020 | Inflation, Zentralbankpolitik, Inflationsmessung, Geldpolitik, EZB |
| Jan Pieter Krahnen, Katja Langenbucher, Christian Leuz, Loriana Pelizzon | What are the wider supervisory implications of the Wirecard case? White Paper No. 74 | Financial Markets | Policy Paper | 2020 | Wirecard, Supervisory Achitecture, Auditing, Internal Controls, Market Oversight , Investor Protection, Market Integrity |
| Thomas Huertas | Plug the gap: Make resolution ready for corona White Paper No. 73 | Law and Finance | Policy Paper | 2020 | Resolution, Covid-19, Banking Crisis |
| Christoph Hambel, Holger Kraft, André Meyer-Wehmann | When Should Retirees Tap Their Home Equity? SAFE Working Paper No. 293 | Household Finance | SAFE Working Paper | 2020 | reverse mortgage, consumption-portfolio decisions, optimal stopping, biometric risks, financial disasters |
| Christian Alemán, Christopher Busch, Alexander Ludwig, Raül Santaeulàlia-Llopis | Evaluating the Effectiveness of Policies Against a Pandemic SAFE Working Paper No. 294 | Macro Finance | SAFE Working Paper | 2020 | https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3714697 |
| Andrea Modena | Recapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking SAFE Working Paper No. 292 | Financial Markets | SAFE Working Paper | 2020 | Banks, bailout, general equilibrium, financial frictions, recapitalization, welfare. |
| Loriana Pelizzon, Satchit Sagade, Katia Vozian | Resiliency: Cross-Venue Dynamics with Hawkes Processes SAFE Working Paper No. 291 | Financial Markets | SAFE Working Paper | 2020 | liquidity, resiliency, fragmentation, competition, high-frequency data, Hawkes processes |
| Nicole Branger, Patrick Konermann, Christoph Meinerding, Christian Schlag | Equilibrium Asset Pricing in Directed Networks Review of Finance | Financial Markets, Systemic Risk Lab | Published Paper | 2021 | Dynamic Networks, Mutually Exciting Processes, Asset Pricing, General Equilibrium, Recursive Preferences |
| Christian Schlag, Michael Semenischev, Julian Thimme | Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models Management Science | Financial Markets | Published Paper | 2021 | Asset pricing, cross-section of stock returns, predictability |
| Nicola 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 | Macro Finance | SAFE Working Paper | 2020 | Covid-19, school closures, inequality, intergenerational persistence |
| Christian Schlag, Michael Semenischev, Julian Thimme | Predictability and the Cross-Section of Expected Returns: A Challenge for Asset Pricing Models SAFE Working Paper No. 289 | Financial Markets | SAFE Working Paper | 2020 | Asset pricing, cross-section of stock returns, predictability |
| Michele Costola, Oliver Hinz, Michael Nofer, Loriana Pelizzon | Machine Learning Sentiment Analysis, COVID-19 News and Stock Market Reactions SAFE Working Paper No. 288 | Financial Markets | SAFE Working Paper | 2020 | COVID-19 news, Sentiment Analysis, Stock Markets |
| Monica Billio, Mila Getmansky Sherman, Loriana Pelizzon | Non-Parametric Analysis of Hedge Fund Returns: New Insights from High Frequency Data Journal of Alternative Investments | Financial Markets | Published Paper | 2009 | Hedge Funds, Risk Management, High frequency data |
| Benjamin 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 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2020 | Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning |
| Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen, Annika Weber | On the (Ir)Relevance of Monetary Incentives in Risk Preference Elicitation Experiments SAFE Working Paper No. 286 | Household Finance | SAFE Working Paper | 2020 | Risk Preferences, Incentives, Experimental Economics, Risk Aversion |
| Wenhui Li, Christian Wilde | Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity SAFE Working Paper No. 311 | Financial Markets | SAFE Working Paper | 2021 | ambiguity, belief estimation, belief effect, ambiguity premium, laboratory experiments |
| Matthias Thiemann, Mario Tümmler | Beyond Moral Hazard Arguments: The Role of National Deposit Insurance Schemes for Member States’ Preferences on EDIS White Paper No. 72 | Financial Intermediation | Policy Paper | 2020 | Banking Union, Deposit Insurance, EDIS |
| Elena Carletti, Tommaso Oliviero, Marco Pagano, Loriana Pelizzon, Marti Subrahmanyam | The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy The Review of Corporate Finance Studies | Financial Markets | Published Paper | 2020 | COVID-19, pandemics, losses, distress, equity, recapitalization. |
| Elena 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 | Financial Markets | SAFE Working Paper | 2020 | COVID-19, pandemics, losses, distress, equity, recapitalization. |
| Monica Billio, Michele Costola, Iva Hristova, Carmelo Latino, Loriana Pelizzon | Inside the ESG Ratings: (Dis)agreement and Performance SAFE Working Paper No. 284 | Financial Markets | SAFE Working Paper | 2020 | |
| Philipp Lamprecht, Alfons J. Weichenrieder | Der Verlustrücktrag als Mittel der Konjunkturpolitik – Ausweitung des Verlustrücktrags auch auf die Gewerbesteuer erforderlich White Paper No. 71 | Law and Finance | Policy Paper | 2020 | Verlustrücktrag, Corona-Steuerhilfegesetz, Gewerbesteuer, Konjunkturpolitik |
| Vanessa Endrejat, Matthias Thiemann | When Brussels meets shadow banking- technical complexity, regulatory agency and the reconstruction of the shadow banking chain Competition & Change | Financial Intermediation, Systemic Risk Lab | Published Paper | 2020 | |
| Jan Pieter Krahnen, Katja Langenbucher | The Wirecard lessons: A reform proposal for the supervision of securities markets in Europe Policy Letter No. 88 | Financial Markets | Policy Paper | 2020 | Wirecard, securities markets, market supervision |
| Moritz Schularick, Sascha Steffen, Tobias Tröger | Bank capital and the European recovery from the COVID-19 crisis White Paper No. 69 | Law and Finance, Macro Finance | Policy Paper | 2020 | bank capital, financial stablity, COVID-19 |
| Daniel Munevar, Grygoriy Pustovit | Back to the Future: A Sovereign Debt Standstill Mechanism IMF Article VIII, Section 2 (b) SAFE Working Paper No. 282 | Macro Finance | SAFE Working Paper | 2020 | sovereign debt standstill, sovereign debt restructuring, sovereign debt litigation, holdout litigation, vulture creditors |
| Kevin Bauer | How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities SAFE Working Paper No. 281 | Financial Intermediation | SAFE Working Paper | 2020 | social identity, relative performance feedback, discrimination, outgroup derogation |
| Calogero Brancatelli, Andreas Hackethal, Roman Inderst, Sebastian Schuler | Erkenntnisse aus sechs Wellen des Haushaltsbarometers: Sind "Konsumschecks" das richtige Mittel in der Corona-Krise? Policy Letter No. 87 | Household Finance | Policy Paper | 2020 | Helicoptergeld, Haushaltskrisenbarometer, Mehrwertsteuersenkung, Kinderbonus |
| Tobin Hanspal, Annika Weber, Johannes Wohlfart | Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations SAFE Working Paper No. 279 | Household Finance | SAFE Working Paper | 2020 | Coronavirus, Stockholding, Wealth shocks, Expectation formation, Inequality. |
| Helmut Gründl, Fabian Regele | Pandemic Insurance through Pandemic Partnership Bonds: A Fully Funded Insurance Solution in a Public Private Partnership Policy Letter No. 86 | Financial Markets | Policy Paper | 2020 | Covid-19-Crisis, catastrophe bond, public private partnership, pandemic insurance |
| Otmar Issing | Encompassing monetary policy strategy review White Paper No. 68 | Money and Finance | Policy Paper | 2020 | monetary policy, ECB, price stability, two-pillar system, strategy review |
| Sandra Eckert | EU Agencies in Banking and Energy Between Institutional and Policy Centralisation SAFE Working Paper No. 278 | Financial Intermediation | SAFE Working Paper | 2020 | agency, banking, centralisation, energy, fiduciary, electricity, policy |
| Andreas 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 | Household Finance | SAFE Working Paper | 2020 | Bitcoin, Cryptocurrencies, Structured retail products, Retail investors, Household finance, Investor behavior |
| Dimitrios Kostopoulos, Steffen Meyer, Charline Uhr | Google Search Volume and Individual Investor Trading Journal of Financial Markets | Household Finance | Published Paper | 2020 | Individual investorTrading behaviorInvestor sentiment |
| Massimiliano Caporin, Loriana Pelizzon, Alberto Plazzi | Does Monetary Policy Impact Sovereign Credit Risk Comovement? SAFE Working Paper No. 276 | Financial Markets, Macro Finance | SAFE Working Paper | 2020 | |
| Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities Journal of Banking and Finance | Household Finance | Published Paper | 2020 | Life cycle savingHousehold financeAnnuityLongevity risk401(k) planRetirement |
| Gbenga Ibikunle, Khaladdin Rzayev | COVID-19: Venue Selection Effects and Implications for Market Quality | Financial Markets, Systemic Risk Lab | Thirdparty Working Paper | 2020 | |
| Jan Pieter Krahnen, Loriana Pelizzon | Priorities for the CMU agenda Policy Letter No. 85 | Financial Markets | Policy Paper | 2020 | CMU, High-Level-Forum, Interim Report |
| Loriana Pelizzon, Max Riedel, Zorka Simon, Marti Subrahmanyam | Collateral Eligibility of Corporate Debt in the Eurosystem SAFE Working Paper No. 275 | Financial Markets, Macro Finance, Systemic Risk Lab | SAFE Working Paper | 2020 | |
| Elsa Massoc | Politics of Banking in Europe: Global Banks and Domestic Institutional Legacies E-International Relations | Financial Intermediation | Published Paper | 2020 | |
| Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam | Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund Policy Letter No. 84 | Financial Markets | Policy Paper | 2020 | Coronavirus, Risk sharing, Financial stability, Policy measures in the EU, Equity fund |
| Marcel Thum, Alfons J. Weichenrieder | Corona-Bonds und ihre Alternativen Policy Letter No. 83 | Macro Finance | Policy Paper | 2020 | Corona Bonds, Corona-Krise, Transferzahlungen |
| Matej Avbelj, Antonia Baraggia, Jürgen Bast, Bojan Bugarič, Emanuel Castellarin, Francesco Costamagna, Anuscheh Faraha, Matthias Goldmann, Anna-Katharina Mangold, Mario Savino, Alexander Thiele, Annamaria Viterbo | The Case for Corona Bonds Policy Letter No. 82 | Law and Finance | Policy Paper | 2020 | Corona Bonds, Coronavirus |
| Christopher Busch, Alexander Ludwig, Raül Santaeulàlia-Llopis | Emerging Evidence of a Silver Lining: A Ridge Walk to Avoid an Economic Catastrophe in Italy and Spain White Paper No. 67 | Macro Finance | Policy Paper | 2020 | Coronavirus, pandemic economics, lockdown costs |
| Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam | Corona and Financial Stability 3.0: Try equity -risk sharing for companies, large and small Policy Letter No. 81 | Financial Markets | Policy Paper | 2020 | Coronavirus, Financial stability, Risk sharing, Policy measures in the EU |
| Di Bu, Tobin Hanspal, Yin Liao, Yong Liu | Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing SAFE Working Paper No. 273 | Household Finance | SAFE Working Paper | 2020 | Financial literacy, online borrowing, Consumer credit, Self-control, FinTech, China |
| Leo Kaas | Capital in the Corona Crisis Policy Letter No. 80 | Macro Finance | Policy Paper | 2020 | corona crisis, capital liquidations, emergency loans |
| Christine Laudenbach, Benjamin Loos, Jenny Pirschel, Johannes Wohlfart | The Trading Response of Individual Investors to Local Bankruptcies SAFE Working Paper No. 272 | Household Finance | SAFE Working Paper | 2020 | Individual investors, risk-taking, trading, experiences |
| Pietro Dindo, Andrea Modena, Loriana Pelizzon | Risk Pooling, Intermediation Efficiency, and the Business Cycle SAFE Working Paper No. 271 | Financial Markets, Macro Finance | SAFE Working Paper | 2020 | Amplification, business cycle, efficiency, dampening, restricted market participation, risk pooling |
| Arnoud Boot, Elena Carletti, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Marti Subrahmanyam | Corona and Financial Stability 2.0: Act jointly now, but also think about tomorrow Policy Letter No. 79 | Financial Markets | Policy Paper | 2020 | coronavirus, financial stability, systemic risk, strategies |
| Klaus Adam, Thiess Büttner, Joachim Hennrichs, Jan Pieter Krahnen, Jörg Rocholl | Zur Reform der Einlagensicherung: Elemente einer anreizkompatiblen Europäischen Rückversicherung White Paper No. 66 | Financial Markets | Policy Paper | 2020 | Einlagensicherung, EDIS, Bankenunion |
| Arnoud Boot, Elena Carletti, Rainer Haselmann, Hans-Helmut Kotz, Jan Pieter Krahnen, Loriana Pelizzon, Stephen Schaefer, Marti Subrahmanyam | The Coronavirus and Financial Stability Policy Letter No. 78 | Financial Markets | Policy Paper | 2020 | coronavirus, financial stability, banking, strategies |
| Marie Lalanne, Lorenzo Maria Levati | The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions SAFE Working Paper No. 268 | Financial Intermediation | SAFE Working Paper | 2020 | Referrals, Job Match Quality, Social Networks, Board of Directors |
| Ester Faia, Maximilian Mayer, Vincenzo Pezone | The Value of Firm Networks: A Natural Experiment on Board Connections SAFE Working Paper No. 269 | Law and Finance | SAFE Working Paper | 2020 | |
| Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi | Time Preferences over the Life Cycle SAFE Working Paper No. 267 | Household Finance | SAFE Working Paper | 2020 | Time Preferences; Preference Stability; Age; Discount Rates |
| Aleksey Kolokolov, Giulia Livieri, Davide Pirino | Statistical Inferences for Price Staleness Journal of Econometrics | Financial Markets | Published Paper | 2020 | staleness, idle time, liquidity, zero returns, stable convergence |
| Christian Schlag, Julian Thimme, Rüdiger Weber | Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution Journal of Financial Economics | Financial Markets | Published Paper | 2021 | Preference for early resolution of uncertainty, implied volatility, cross-section of expected stock returns, asset pricing |
| Hengjie Ai, Jun E. Li, Kai Li, Christian Schlag | The Collateralizability Premium Review of Financial Studies | Financial Markets | Published Paper | 2020 | |
| Benjamin Bluhm, Jannic Cutura | Econometrics at Scale: Spark Up Big Data in Economics SAFE Working Paper No. 266 | Financial Intermediation | SAFE Working Paper | 2020 | Econometrics, Distributed Computing, Apache Spark |
| Raimond Maurer, Olivia S. Mitchell | Older Peoples' Willingness to Delay Social Security Claiming Journal of Pension Economics and Finance | Household Finance | Published Paper | 2020 | Annuity; labor supply; lump sum; retirement age; social security |
| Christian Schlag, Julian Thimme, Rüdiger Weber | Implied Volatility Duration: A Measure for the Timing of Uncertainty Resolution SAFE Working Paper No. 265 | Financial Markets | SAFE Working Paper | 2020 | Preference for early resolution of uncertainty, implied volatility, cross-section of expected stock returns, asset pricing |
| Ignazio Angeloni | Time to address the shortcomings of the banking union Policy Letter No. 77 | Policy Center, Money and Finance | Policy Paper | 2020 | ECB, Banking Union, Cross-border Banking, Banking Supervision, Banking Resolution |
| Tatiana Farina, Jan Pieter Krahnen, Loriana Pelizzon, Mark Wahrenburg | What are the main factors for the subdued profitability of significant banks in the Banking Union, and is the ECB’s supervisory response conclusive and exhaustive? White Paper No. 65 | Financial Markets | Policy Paper | 2019 | Bank Profitability, Supervisory Guidance, Banking Union, Financial regulation |
| Panagiotis Anagnostidis, Patrice Fontaine | Liquidity Commonality and High Frequency Trading: Evidence from the French Stock Market International Review of Financial Analysis | Systemic Risk Lab | Thirdparty Related Work | 2020 | |
| Jan Friedrich | The Effect of Academic Literature on Accounting Regulation: Evidence from Leases in Germany Accounting History Review | Financial Intermediation | Published Paper | 2019 | |
| Vanya Horneff, Raimond Maurer, Olivia S. Mitchell | How will Persistent Low Expected Returns Shape Household Economic Behavior? Journal of Pension Economics & Finance | Household Finance | Published Paper | 2019 | |
| Hengjie Ai, Jun E. Li, Kai Li, Christian Schlag | The Collateralizability Premium SAFE Working Paper No. 264 | Financial Markets | SAFE Working Paper | 2019 | |
| Andrea Bedin, Monica Billio, Michele Costola, Loriana Pelizzon | Credit Scoring in SME Asset-Backed Securities: An Italian Case Study SAFE Working Paper No. 262 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2019 | credit scoring; probability of default; small and medium enterprises; assetbacked securities |
| Monica Billio, Michele Costola, Loriana Pelizzon, Max Riedel | Buildings' Energy Efficiency and the Probability of Mortgage Default: The Dutch Case SAFE Working Paper No. 261 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2019 | Mortgages, Energy Eciency, Credit Risk |
| Andrea Bedin, Monica Billio, Michele Costola, Loriana Pelizzon | Credit Scoring in SME Asset-Backed Securities: An Italian Case Study Journal of Risk and Financial Management | Systemic Risk Lab | Published Paper | 2019 | credit scoring; probability of default; small and medium enterprises; asset-backed securities |
| Matthias 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 | Financial Intermediation | SAFE Working Paper | 2019 | shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation |
| Maik Schmeling | What is Libra? Understanding Facebook´s Currency Policy Letter No. 76 | Financial Markets | Policy Paper | 2019 | Libra, cryptocurrency, currency board |
| Stine Louise Daetz, Marti Subrahmanyam, Dragon Yongjun Tang, Sarah Qian Wang | Can Central Banks Boost Corporate Investment? Evidence from the ECB Liquidity Injections | Financial Markets, Macro Finance | Thirdparty Related Work | 2019 | |
| Thomas Huertas | Completing Banking Union White Paper No. 63 | Financial Intermediation | Policy Paper | 2019 | Banking Union, EDIS, EDIC |
| Anderson Grajales-Olarte, Burak Uras, Nathanael Vellekoop | Rigid Wages and Contracts: Time- versus State-Dependent Wages in the Netherlands SAFE Working Paper No. 258 | Macro Finance | SAFE Working Paper | 2019 | Wage rigidity, microdata, time dependency, state dependency, flexible-hour contracts |
| Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré | Pricing Sin Stocks: Ethical Preference vs. Risk Aversion European Economic Review | Financial Markets | Published Paper | 2019 | |
| Jannis Bischof, Christian Laux, Christian Leuz | Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges forthcoming in Journal of Financial Economics | Financial Intermediation | Published Paper | 2022 | Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting |
| Matthias Goldmann | Foreign Investment, Sovereign Debt, and Human Rights Sovereign Debt and Human Rights (Oxford University Press) | Financial Intermediation | Published Paper | 2018 | Foreign direct investment, regulatory power, expropriation, socio-economic rights, linkages |
| Burkard Eberlein, Sandra Eckert | Private Authority in Tackling Cross-border Issues. The Hidden Path of Integrating European Energy Markets Journal of European Integration | Financial Intermediation | Published Paper | 2020 | |
| Sandra Eckert | Supranational Authorities and Private Actors as Drivers of Single Market Integration? The State of the Union in Electricity and Banking Journal of European Integration | Financial Intermediation | Published Paper | 2022 | |
| Erik Theissen, Christian Westheide | Call of Duty: Designated Market Maker Participation in Call Auctions Journal of Financial Markets | Financial Markets | Published Paper | 2020 | |
| Christian Schlag, Kailin Zeng | Horizontal Industry Relationships and Return Predictability Journal of Empirical Finance | Financial Markets | Published Paper | 2019 | Connected industries, information flow, return predictability |
| Darien Huang, Christian Schlag, Ivan Shaliastovich, Julian Thimme | Volatility-of-Volatility Risk Journal of Financial and Quantitative Analysis | Financial Markets | Published Paper | 2019 | |
| Nicole Branger, Patrick Konermann, Christian Schlag | Optimists and Pessimists in (In)Complete Markets Journal of Financial and Quantitative Analysis | Financial Markets | Published Paper | 2020 | |
| Ludger Schuknecht | Fiscal-Financial Vulnerabilities White Paper No. 62 | Macro Finance | Policy Paper | 2019 | fiscal financial vulnerabilities, fiscal variables, public finance |
| Christian Schlag, Kailin Zeng | Horizontal Industry Relationships and Return Predictability SAFE Working Paper No. 256 | Financial Markets | SAFE Working Paper | 2019 | Connected industries, information flow, return predictability |
| Reinhard H. Schmidt | Deutsche Bank and its Strategy Change: What it Means for the German Financial System Policy Letter No. 75 | Financial Intermediation | Policy Paper | 2019 | German financial system, corporate governance, German banks |
| Katja Langenbucher | Interdisziplinäre Forschung im Unternehmensrecht – Auf dem Weg zu einer Cognitive Corporate Governance? Zeitschrift für Unternehmens- und Gesellschaftsrecht | Law and Finance | Published Paper | 2019 | |
| Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | Spillovers of Funding Dry-ups SAFE Working Paper No. 259 | Financial Intermediation | SAFE Working Paper | 2019 | |
| Bertram Schefold | Der Neo-Fisher-Effekt: Die historische Alternative zur Nullzinspolitik Policy Letter No. 74 | Macro Finance | Policy Paper | 2019 | Inflation, Geldpolitik, Europäische Zentralbank, Zinsen |
| Tina Koziol | Fire-Sale Externalities in the South African Banking Sector | Financial Markets | Thirdparty Working Paper | 2019 | |
| Konstantin Bräuer, Andreas Hackethal, Tobin Hanspal | Consuming Dividends SAFE Working Paper No. 280 | Household Finance | SAFE Working Paper | 2020 | Consumption, Stock market wealth, Dividends, Excess sensitivity, Self-control, Household finance, Retail investor |
| Martin Götz | Financing Conditions and Toxic Emissions SAFE Working Paper No. 254 | Law and Finance | SAFE Working Paper | 2019 | |
| Reinhard H. Schmidt | On the Change of the German Financial System White Paper No. 61 | Financial Intermediation | Policy Paper | 2019 | German financial system, corporate governance, German banks |
| Reinhard H. Schmidt | Diversity in Finance: An Overview White Paper No. 60 | Financial Intermediation | Policy Paper | 2019 | diversity, finance, banking systems, financial systems |
| Thomas Johann, Talis Putnins, Satchit Sagade, Christian Westheide | Quasi-Dark Trading: The Effects of Banning Dark Pools in a World of Many Alternatives SAFE Working Paper No. 253 | Financial Markets | SAFE Working Paper | 2019 | |
| Silvia 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 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2019 | OTC derivatives, network analysis, interest rate risk, banking, risk management, hedging |
| Wenhui Li, Christian Wilde | Belief Formation and Belief Updating under Ambiguity: Evidence from Experiments SAFE Working Paper No. 251 | Financial Markets, Experiment Center | SAFE Working Paper | 2019 | ambiguity, learning strategy, belief updates, non-Bayesian updates, pessimism, laboratory experiments |
| Volker Brühl, Jan Pieter Krahnen | An open banking platform for Germany - a future-oriented alternative to a merger of Deutsche Bank / Commerzbank Policy Letter No. 73 | Financial Intermediation | Policy Paper | 2019 | Open Banking Platform Germany, Banking Union, Merger, Deutsche Bank, Commerzbank |
| Nicole Branger, Patrick Konermann, Christian Schlag | Optimists and Pessimists in (In)Complete Markets SAFE Working Paper No. 252 | Financial Markets | SAFE Working Paper | 2019 | |
| Puriya Abbassi, Michael Schmidt | Financial Stability Effect of Yield-Oriented Investment Behaviour | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | Portfolio allocation, fixed income, yield reversals, financial stress, financial stability |
| Tobias Tröger, Uwe Walz | Does Say on Pay Matter? Evidence from Germany European Company and Financial Law Review | Law and Finance, Transparency Lab | Published Paper | 2019 | Say-on-pay, corporate governance, management compensation |
| Sascha Baghestanian, Paul Gortner, Joël van der Weele | Peer Effects and Risk Sharing in Experimental Asset Markets European Economic Review | Household Finance, Financial Markets, Experiment Center | Published Paper | 2019 | peer effects, laboratory experiments, risk taking, asset markets |
| Yuri Pettinicchi, Nathanael Vellekoop | Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data SAFE Working Paper No. 249 | Household Finance | SAFE Working Paper | 2019 | Subjective expectations; Durable consumption; Household saving |
| Panagiotis Anagnostidis, Patrice Fontaine, Christos Varsakelis | Are High-Frequency Traders Informed? Economic Modelling | Systemic Risk Lab | Thirdparty Related Work | 2020 | |
| Panagiotis Anagnostidis, Patrice Fontaine | Liquidity Provision, Commonality and High Frequency Trading | Systemic Risk Lab | Thirdparty Working Paper | 2018 | |
| Margherita Borella, Mariacristina De Nardi, Fang Yang | The Lost Ones: The Opportunities and Outcomes of Non-College-Educated Americans born in the 1960s | Macro Finance | Thirdparty Working Paper | 2019 | |
| Martin Götz, Tobias Tröger, Mark Wahrenburg | The Next SSM Term: Supervisory Challenges Ahead White Paper No. 59 | Financial Intermediation | Policy Paper | 2019 | SSM, Banking Union, ECB supervision |
| Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Jun Uno, Darya Yuferova | Market Liquidity and Competition Among Designated Market Makers SAFE Working Paper No. 247 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2019 | esignated Market Makers (DMMs), Liquidity Provision |
| Rainer Haselmann, Jan Pieter Krahnen, Mark Wahrenburg | Evaluierung gesamt- und finanzwirtschaftlicher Effekte der Reformen europäischer Finanzmarktregulierung im deutschen Finanzsektor seit der Finanzkrise Policy Report No.2 | Financial Intermediation | Policy Paper | 2019 | Regulierung, Banken, Kreditinstitute |
| Volker Brühl, Jan Pieter Krahnen | Eine Open Banking Plattform für Deutschland – eine zukunftsorientierte Alternative zu einer Fusion Deutsche Bank/Commerzbank Policy Letter No. 72 | Financial Intermediation | Policy Paper | 2019 | Open Banking Platform Germany, Bankenunion, Fusion, Deutsche Bank, Commerzbank |
| Andreas Hackethal, Steffen Meyer, Charline Uhr | Smoking Hot Portfolios? Overtrading from Self-Control Failure SAFE Working Paper No. 245 | Household Finance | SAFE Working Paper | 2019 | self-control; portfolio allocation; individual investor; trading behavior |
| Tim Eisert, Christian Eufinger | Interbank Networks and Backdoor Bailouts: Benefiting from Other Banks’ Government Guarantees Management Science | Law and Finance, Systemic Risk Lab | Published Paper | 2019 | bailout, cycle flows, cyclical liabilities, interbank network, leverage |
| Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova | Recovery from Fast Crashes: Role of Mutual Funds | Financial Markets, Systemic Risk Lab, Data Center | Thirdparty Related Work | 2018 | Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital |
| Mauro Bernardi, Michele Costola | High-Dimensional Sparse Financial Networks through a Regularised Regression Model SAFE Working Paper No. 244 | Systemic Risk Lab | SAFE Working Paper | 2019 | VAR estimation, Financial Networks, Bayesian inference, Sparsity, Spike-and-Slab prior, Stochastic Search Variable Selection, Expectation-Maximisation |
| Nicole Branger, Christian Schlag, Ivan Shaliastovich, Dongho Song | Macroeconomic Bond Risks and the Zero Lower Bound | Financial Markets, Macro Finance | Thirdparty Related Work | 2016 | Macro-Finance Term Structure Models, Zero Lower Bound, Shadow Rates, Shadow Risk Premia |
| Roberto Casarin, Michele Costola | Structural Changes in Large Economic Datasets: A Nonparametric Homogeneity Test Economics Letters | Systemic Risk Lab | Published Paper | 2019 | |
| Massimiliano Caporin, Michele Costola | Asymmetry and Leverage in GARCH Models: A News Impact Curve Perspective Applied Economics | Systemic Risk Lab | Published Paper | 2019 | |
| Matthias Max Nagel, Matthias Thiemann | Shifting Frames of the Expert Debate: Quantitative Easing, International Macro-Finance and the Potential Impact of Post-Keynesian Scholarship | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | |
| Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | Whatever it Takes: The Real Effects of Unconventional Monetary Policy Review of Financial Studies | Financial Intermediation, Data Center | Published Paper | 2019 | |
| Zhiwu Hong, LinLin Niu | An Arbitrage-Free Yield Net Model with Application to the Euro Debt Crisis | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | |
| Tina Koziol, Jesper Riedler, Joeri Schasfoort | Euro Area Quantitative Easing in a Portfolio Balance Model with Heterogeneous Agents and Assets | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | |
| LinLin Niu | Sparse-Group Independent Component Analysis with Application to Yield Curve Prediction Computational Statistics & Data Analysis | Macro Finance | Thirdparty Related Work | 2019 | |
| Christopher Busch, Alexander Ludwig | Higher-Order Income Risk over the Business Cycle: A Parametric Approach SAFE Working Paper No. 274 | Macro Finance | SAFE Working Paper | 2020 | Labor Income Risk, Business Cycle, GMM Estimation, Skewness, Persistent and Transitory Income Shocks, Risk Attitudes, Life-Cycle Model |
| Ester Faia, Vincenzo Pezone | The Heterogeneous Cost of Wage Rigidity: Evidence and Theory SAFE Working Paper No. 242 | Money and Finance | SAFE Working Paper | 2019 | |
| Alexander Bick, Bettina Brüggemann, Nicola Fuchs-Schündeln, Hannah Paule-Paludkiewicz | Long-term Changes in Married Couples’ Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s | Macro Finance | Thirdparty Working Paper | 2018 | |
| Allan Davids, Co-Pierre Georg | The Cape of Good Homes: Exchange Rate Depreciations, Foreign Demand and House Prices | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | foreign housing demand, exchange rates, house prices |
| Martin Götz | Financial Constraints and Corporate Environmental Responsibility SAFE Working Paper No. 241 | Law and Finance | SAFE Working Paper | 2019 | |
| Mucai Lin, LinLin Niu | Echo over the Great Wall: Spillover Effects of QE Announcements on Chinese Yield Curve | Financial Markets, Macro Finance | Thirdparty Working Paper | 2019 | |
| Jan Pieter Krahnen | Target Balances and Financial Crises Policy Letter No. 71 | Financial Markets | Policy Paper | 2019 | Target 2, payment system, central banks, Eurosystem |
| Viral Acharya | Foreign Fund Flows and Asset Prices: Evidence from the Indian Stock Market | Financial Markets | Thirdparty Related Work | 2016 | |
| Kunka Petkova, Alfons J. Weichenrieder | Grunderwerbsteuer: Eine Steuer für das 21. Jahrhundert? White Paper No. 58 | Macro Finance | Policy Paper | 2019 | Grunderwerbsteuer, Reformvorschläge, Freibetrag, Steuergestaltung, Share Deals |
| Paul Gortner, Baptiste Massenot | Leverage and Bubbles: Experimental Evidence SAFE Working Paper No. 239 | Macro Finance, Experiment Center | SAFE Working Paper | 2018 | |
| LinLin Niu, Loriana Pelizzon, Marti Subrahmanyam, Reiko Tobe, Davide Tomio, Jun Uno | Scarcity and Spotlight Effects on Liquidity and Yield: Quantitative Easing in Japan | Financial Markets, Macro Finance, Systemic Risk Lab | Thirdparty Working Paper | 2018 | |
| Holger Kraft, Claus Munk, Farina Weiss | Predictors and Portfolios Over the Life Cycle Journal of Banking and Finance | Household Finance | Published Paper | 2019 | Return predictability, human capital, housing, investments, welfare |
| Joost Driessen, Theo E. Nijman, Zorka Simon | Much Ado About Nothing: A Study of Differential Pricing and Liquidity of Short and Long Term Bonds SAFE Working Paper No. 238 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2018 | Sovereign Bonds, Term Structure of Interest Rates, Segmentation, Liquidity, Flight-to-safety, Credit Risk, Unconventional Monetary Policy |
| Nathanael Vellekoop | Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? SAFE Working Paper No. 237 | Household Finance | SAFE Working Paper | 2018 | consumption, consumption commitments, paycheck frequency, liquidity |
| Mario Bellia, Kim Christensen, Aleksey Kolokolov, Loriana Pelizzon, Roberto Renò | High-Frequency Trading During Flash Crashes: Walk of Fame or Hall of Shame? SAFE Working Paper No. 270 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2020 | |
| Julia Hirsch, Uwe Walz | The Financing Dynamics of Newly Founded Firms Journal of Banking and Finance | Law and Finance | Published Paper | 2019 | financing decisions, life-cycle, firm growth, newly founded firms |
| Irina 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 | Household Finance | SAFE Working Paper | 2019 | |
| Daniel Harenberg, Alexander Ludwig | Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security International Economic Review | Household Finance, Macro Finance | Published Paper | 2019 | social security, idiosyncratic risk, aggregate risk, welfare |
| Jasmin Gider, Peter Gomber, Simon N. M. Schmickler, Christian Westheide | High-Frequency Trading and Price Informativeness SAFE Working Paper No. 248 | Financial Markets | SAFE Working Paper | 2019 | High-Frequency Trading, Price Efficiency, Information Acquisition, Information Production |
| Mila Getmansky Sherman, Christian Kubitza, Loriana Pelizzon | Loss Sharing in Central Clearinghouses: Winners and Losers SAFE Working Paper No. 235 | Systemic Risk Lab | SAFE Working Paper | 2018 | Central Clearing, Counterparty Risk, Systematic Risk, OTC markets, Derivatives, Loss Sharing, Collateral, Margin |
| Nicoletta Berardi, Marie Lalanne, Paul Seabright | Professional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America SAFE Working Paper No. 243 | Law and Finance | SAFE Working Paper | 2019 | |
| Alejandro Bernales, Nicolas Garrido, Satchit Sagade, Marcela Valenzuela, Christian Westheide | Trader Competition in Fragmented Markets: Liquidity Supply versus Picking-off Risk SAFE Working Paper No. 234 | Financial Markets | SAFE Working Paper | 2018 | Fragmentation, Competition, Liquidity, Price Efficiency |
| Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell | Money-Back Guarantees in Individual Retirement Accounts: Still a Good Deal? SAFE Working Paper No. 263 | Household Finance | SAFE Working Paper | 2019 | individual retirement account, investment guarantee, longevity risk, retirement income, life cycle model |
| Tabea Bucher-Koenen, Andreas Hackethal, Johannes Kasinger, Christine Laudenbach | Wie viel Rente wirst du bekommen? – Pilotstudie zur Einführung einer Renteninformationsplattform in Deutschland | Household Finance | Policy Paper | 2018 | |
| Holger Kraft, Farina Weiss | Consumption-Portfolio Choice with Preferences for Cash Journal of Economic Dynamics and Control | Household Finance | Published Paper | 2019 | consumption-portfolio choice, money in the utility function, stock demand, stochastic control |
| Tim Alexander Kroencke, Maik Schmeling, Andreas Schrimpf | The FOMC Risk Shift SAFE Working Paper No. 302 | Financial Markets | SAFE Working Paper | 2021 | Monetary Policy Surprises; Equity Premium; Fund Flows; Portfolio Rebalanc- ing; Price Pressures |
| Jannic Cutura | Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? SAFE Working Paper No. 232 | Financial Intermediation | SAFE Working Paper | 2018 | |
| Benjamin Clapham, Peter Gomber, Jens Lausen, Sven Panz | Liquidity Provider Incentives in Fragmented Securities Markets SAFE Working Paper No. 231 | Financial Markets | SAFE Working Paper | 2018 | Liquidity, Trading Volume, Market Fragmentation, Liquidity Provider Incentives, Transaction Costs |
| Yalin 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 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2018 | Corporate Bonds, WpHG, Liquidity, Transparency, OTC markets |
| Daniel Harenberg | Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk SAFE Working Paper No. 229 | Macro Finance | SAFE Working Paper | 2018 | equity premium; idiosyncratic risk; aggregate risk; lifecycle |
| Roberto Panzica | Idiosyncratic Volatility Puzzle: The Role of Assets' Interconnections SAFE Working Paper No. 228 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2018 | Idiosyncratic volatility puzzle; Networks; Expected Returns; Granger Causality |
| Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | Portfolio Similarity and Asset Liquidation in the Insurance Industry Journal of Financial Economics | Financial Markets, Systemic Risk Lab | Published Paper | 2021 | Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI |
| Mila Getmansky Sherman, Ravi Jagannathan, Loriana Pelizzon, Ernst Schaumburg, Darya Yuferova | Recovery from Fast Crashes: Role of Mutual Funds SAFE Working Paper No. 227 | Financial Markets, Systemic Risk Lab, Data Center | SAFE Working Paper | 2018 | Liquidity Provision; Market Fragility; Flash Crash; Slow-Moving Capital |
| Vanessa Endrejat, Matthias Thiemann | Reviving the Shadow Banking Chain in Europe: Regulatory Agency, Technical Complexity and the Dynamics of Co-Habitation SAFE Working Paper No. 222 | Financial Intermediation | SAFE Working Paper | 2018 | |
| Jan Pieter Krahnen | Über Scheinriesen: Was TARGET-Salden tatsächlich bedeuten Eine finanzökonomische Überprüfung White Paper No. 56 | Financial Markets | Policy Paper | 2018 | TARGET-Salden, TARGET2, europäischer Zahlungsverkehr, Zentralbankensystem, Eurosystem |
| Axel Börsch-Supan, Duarte Nuno Leite, Alexander Ludwig | Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms SAFE Working Paper No. 221 | Macro Finance | SAFE Working Paper | 2018 | Population aging, pension reform, social security, life-cycle behavior, labor supply, retirement age, welfare |
| Florian Hoffmann, Roman Inderst, Marcus Opp | Only Time will Tell: A Theory of Deferred Compensation SAFE Working Paper No. 218 | Law and Finance | SAFE Working Paper | 2018 | Compensation design, duration of pay, moral hazard, persistence, principal- agent models, informativeness principle |
| Andreas Hackethal, Christine Laudenbach, Steffen Meyer, Annika Weber | Client Involvement in Expert Advice: Antibiotics in Finance? SAFE Working Paper No. 219 | Household Finance | SAFE Working Paper | 2018 | Financial Advice, Individual Investors, Client Involvement |
| Florian Deuflhard | Quantifying Inertia in Retail Deposit Markets SAFE Working Paper No. 223 | Household Finance | SAFE Working Paper | 2018 | |
| Andrej Gill, Florian Hett, Johannes Tischer | Measuring Time Inconsistency Using Financial Transaction Data White Paper No. 55 | Household Finance, Experiment Center | Policy Paper | 2018 | financial transaction data, financial decision-making, time inconsistency, present bias |
| Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré | Pricing Sin Stocks: Ethical Preference vs. Risk Aversion SAFE Working Paper No. 216 | Financial Markets | SAFE Working Paper | 2018 | Asset Pricing, General Equilibrium, Sin Stocks |
| Reint Gropp, Felix Noth, Ulrich Schüwer | What Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk SAFE Working Paper No. 246 | Financial Intermediation | SAFE Working Paper | 2019 | banking, geographic expansion, deregulation, locally non-diversiable risk, catastrophic risk |
| Peter Gomber, Ilya Gvozdevskiy | Dark Trading under MiFID II Regulation of the EU Financial Markets: MiFID II and MiFIR (Oxford University Press) | Financial Markets | Published Paper | 2017 | |
| Loriana Pelizzon, Anjan Thakor, Calebe de Roure | P2P Lenders versus Banks: Cream Skimming or Bottom Fishing? The Review of Corporate Finance Studies | Household Finance | Published Paper | 2022 | |
| Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies | Can Advertising Investments Counter the Negative Impact of Shareholder Complaints on Firm Value? Journal of Marketing | Household Finance | Published Paper | 2019 | |
| Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini | CEO Investment of Deferred Compensation Plans and Firm Performance Journal of Business Finance & Accounting | Law and Finance | Published Paper | 2019 | Inside Debt, Executive Compensation, Corporate Distress |
| Stefano Colonnello, Giuliano Curatola, Alessandro Gioffré | Pricing Sin Stocks: Ethical Preference vs. Risk Aversion European Economic Review | Financial Markets | Published Paper | 2019 | |
| Yangming Bao, Martin Götz | Local Peer Effects and Corporate Investment SAFE Working Paper No. 220 | Law and Finance | SAFE Working Paper | 2018 | Investments, Peer Firm Effects, Agglomeration, Corporate Income Tax |
| Baptiste Massenot, Giang Nghiem | Depressed Demand SAFE Working Paper No. 257 | Macro Finance | SAFE Working Paper | 2019 | |
| Rainer Haselmann, Mark Wahrenburg | How Demanding and Consistent is the 2018 Stress Test Design in Comparison to Previous Exercises? White Paper No. 54 | Financial Intermediation | Policy Paper | 2018 | stress test, European banks, Banking union, |
| Massimiliano Caporin, Aleksey Kolokolov, Roberto Renò | Systemic Co-Jumps Journal of Financial Economics | Financial Markets, Systemic Risk Lab | Published Paper | 2017 | Jumps; Return predictability; Systemic events; Variance risk premium |
| Edin Ibrocevic, Matthias Thiemann | All 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 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2018 | macroprudential regulation, ideational shift, systemic risk, topic modelling, central bank policy |
| Jan Friedrich, Matthias Thiemann | A New Governance Architecture for European Financial Markets? Towards a European Supervision of CCPs White Paper No. 53 | Financial Intermediation | Policy Paper | 2018 | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage, Brexit |
| Marcel Bluhm | Persistent Liquidity Shocks and Interbank Funding Journal of Financial Stability | Financial Intermediation, Systemic Risk Lab | Published Paper | 2018 | Financial fragility, Interbank market, Liquidity, Maturity, Network |
| Otmar Issing | Stabiles Geld – eine Illusion? Alternative Währungssysteme – Hayeks Fundamentalkritik – Unabhängigkeit der Notenbanken White Paper No. 52 | Macro Finance | Policy Paper | 2018 | Geldpolitik, Zentralbanken, Unabhängigkeit, Währungswettbewerb, Kryptowährungen, Hayek |
| Aleksey Kolokolov, Giulia Livieri, Davide Pirino | Statistical Inferences for Price Staleness SAFE Working Paper No. 236 | Financial Markets | SAFE Working Paper | 2018 | staleness, idle time, liquidity, zero returns, stable convergence |
| Jan Friedrich, Christian Resch, Matthias Thiemann | If you do it, do it right – The need for a Common European Supervisory Architecture for CCPs Policy Letter No. 70 | Financial Intermediation | Policy Paper | 2018 | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage |
| Jannis Bischof, Christian Laux, Christian Leuz | Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges SAFE Working Paper No. 283 | Financial Intermediation | SAFE Working Paper | 2020 | Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting |
| Thomas Mosk | Bargaining with a Bank SAFE Working Paper No. 211 | Financial Intermediation | SAFE Working Paper | 2018 | Credit lines, Contract terms, Bargaining, Screening |
| Darien Huang, Christian Schlag, Ivan Shaliastovich, Julian Thimme | Volatility-of-Volatility Risk SAFE Working Paper No. 210 | Financial Markets | SAFE Working Paper | 2018 | volatility of volatility, hedging errors, risk premiums |
| Claudia Lambert, Felix Noth, Ulrich Schüwer | How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina Review of Finance | Financial Intermediation | Published Paper | 2019 | catastrophic events, bank regulation, capital ratios, natural experiment |
| Jan Friedrich, Matthias Thiemann | Drawing the Line: The Political Economy of Off-Balance Sheet-Financing | Financial Intermediation | Published Paper | 2016 | |
| Zsuzsa R. Huszar, Zorka Simon | The Pricing Implications of Oligopolistic Securities Lending Market: A Beneficial Owner Perspective SAFE Working Paper No. 215 | Systemic Risk Lab | SAFE Working Paper | 2018 | |
| Eren Gürer, Alfons J. Weichenrieder | Pro-rich Inflation in Europe: Implications for the Measurement of Inequality SAFE Working Paper No. 209 | Macro Finance | SAFE Working Paper | 2018 | Inequality, Gini, EU countries, income dependent inflation |
| Fabian Ochsenfeld | The Relational Nature of Employment Dualization: Evidence from Subcontracting Establishments European Sociological Review | Law and Finance | Published Paper | 2018 | |
| Vasso Ioannidou, Jose Liberti, Thomas Mosk, Jason Sturgess | Intended and Unintended Consequences of Government Credit Guarantee Programs Finance and Investment: The European Case (Oxford University Press) | Financial Intermediation | Published Paper | 2018 | |
| Nikolaus Fink, Philipp Schmidt-Dengler, Konrad Stahl, Christine Zulehner | Registered Cartels in Austria: An Overview European Journal of Law and Economics | Law and Finance | Published Paper | 2017 | Collusion, Cartels, Legal cartels, Contracts |
| Klaus Gugler, Michael Weichselbaumer, Christine Zulehner | Effects of Government Spending on Employment: Evidence from Winners and Runners-up in Procurement Auctions SAFE Working Paper No. 213 | Macro Finance | SAFE Working Paper | 2018 | labor demand, labor hoarding, construction procurement, first-price auctions, recent economic crisis, regression discontinuity design |
| Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner | Competition in Treasury Auctions American Economic Journal: Microeconomics | Law and Finance | Published Paper | 2019 | treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format |
| Michael Donadelli, Antonio Paradiso, Max Riedel | A Quasi Real-Time Leading Indicator for the EU Industrial Production The Manchester School | Financial Markets | Published Paper | 2019 | Leading indicator, EU industrial production, Granger causality, Turning points, Forward-looking Taylor rule |
| Jan Friedrich, Matthias Thiemann | Why the Initial Regulation of Financial Innovations is Decisive − Regulatory Arbitrage and Off-Balance-Sheet Leasing in Germany Policy Letter No. 69 | Financial Markets | Policy Paper | 2018 | financial innovations, regulation, regulatory arbitrage, leasing |
| Claes Bäckman, Tobin Hanspal | Participation and Losses in Multi-Level Marketing: Evidence from an FTC Settlement SAFE Working Paper No. 207 | Household Finance | SAFE Working Paper | 2018 | Intermediated work; Multi-level marketing; Gig-economy; Entrepreneurship; Con- sumer financial protection |
| Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment Review of Financial Studies | Financial Intermediation | Published Paper | 2019 | Bank capital ratios, Bank regulation, Credit supply |
| Michael Brennan, Holger Kraft | Leaning Against the Wind: Debt Financing in the Face of Adversity Financial Management | Financial Markets | Published Paper | 2018 | Capital structure, financing policy, managerial incentives |
| Horst Entorf, Jia Hou | Financial Education for the Disadvantaged? A Review SAFE Working Paper No. 205 | Household Finance | SAFE Working Paper | 2018 | Education, Financial Literacy, Inequality, Program Evaluation |
| Tobias Tröger | Too Complex to Work – A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime Journal of Financial Regulation | Financial Intermediation | Published Paper | 2018 | |
| Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon | Measuring Sovereign Contagion in Europe Journal of Financial Stability | Financial Markets, Systemic Risk Lab | Published Paper | 2018 | |
| Stephanie Collet, Kim Oosterlinck | Le Concept de Dettes Odieuses Revue d´économie Financière | Data Center | Published Paper | 2019 | |
| Florian Hett, Felix Schmidt | Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback SAFE Working Paper No. 203 | Household Finance, Experiment Center | SAFE Working Paper | 2018 | heterogeneity, competitiveness; contest; rank feedback, relative performance evaluation |
| Stephanie Collet, Kim Oosterlinck | Denouncing Odious Debts Journal of Business Ethics | Financial Markets, Data Center | Published Paper | 2018 | Ethics, Odious debt, Repudiation, Financial history, Sovereign debt, Russia |
| Nicole Branger, Paulo Rodrigues, Christian Schlag | Level and Slope of Volatility Smiles in Long-Run Risk Models SAFE Working Paper No. 186 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2017 | Asset pricing, Epstein-Zin preferences, jump risk, stochastic volatility, level and slope of implied volatility smile |
| Matthias Goldmann, Grygoriy Pustovit | Governing Cryptocurrencies through Forward Guidance? Policy Letter No. 68 | Financial Markets | Policy Paper | 2018 | cryptocurrencies, blockchain, distributed ledger technology, regulation, forward guidance |
| Tobias Tröger | Germany's Reluctance to Regulate Related Party Transactions SAFE Working Paper No. 202 | Law and Finance | SAFE Working Paper | 2018 | related party transactions, Germany Inc., industrial organization, tunneling, private benefits of control, capital maintenance, group law |
| Dirk Krueger, Alexander Ludwig | Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk SAFE Working Paper No. 201 | Macro Finance | SAFE Working Paper | 2018 | Idiosyncratic Risk, Taxation of Capital, Overlapping Generations, Precautionary Saving, Pecuniary Externality |
| Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander Zimper | Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs SAFE Working Paper No. 200 | Macro Finance | SAFE Working Paper | 2018 | Subjective Survival Beliefs, Probability Weighting Function, Conrmatory Bias, Cognition, Optimism, Pessimism |
| Massimiliano Caporin, Luca Corazzini, Michele Costola | Measuring the Behavioural Component of the S&P 500 and its Relationship to Financial Stress and Aggregated Earnings Surprises British Journal of Management | Financial Markets, Systemic Risk Lab | Published Paper | 2019 | |
| Tobias Tröger | Regulation of Crowdfunding in Germany SAFE Working Paper No. 199 | Law and Finance | SAFE Working Paper | 2018 | crowdfunding, crowdsponsoring, crowdlending, crowdinvesting, contract law, conflict of laws, banking regulation, securities regulation |
| Benjamin Clapham, Peter Gomber, Martin Haferkorn, Paul Jentsch, Sven Panz | Circuit Breakers – A Survey among International Trading Venues SAFE Working Paper No. 197 | Financial Markets | SAFE Working Paper | 2018 | |
| Johannes Kasinger, Loriana Pelizzon | Financial Stability in the EU: A Case for Micro Data Transparency Policy Letter No. 67 | Financial Markets, Systemic Risk Lab | Policy Paper | 2018 | micro data transparency, financial stability, financial market data |
| Brigitte Haar | Too-big-to-fail im Spannungsfeld von Wettbewerb und Regulierung Festschrift für Theodor Baums zum siebzigsten Geburtstag (Mohr Siebeck) | Financial Intermediation | Published Paper | 2017 | |
| Reinhard H. Schmidt | Passt das deutsche Dreisäulensystem in eine zunehmend harmonisierte Bankenstruktur für Europa? Policy Letter No. 65 | Financial Intermediation | Policy Paper | 2018 | Drei-Säulen-System, Bankensektor, Finanzkrise |
| Martin Haferkorn | High-Frequency Trading and its Role in Fragmented Markets Journal of Information Technology | Financial Markets | Published Paper | 2017 | Eelectronic market hypothesis, High-frequency trading, Market efficiency, Regulation, Securities trading |
| Markus Gangl | Lohnbildung und Lohnverteilung Arbeitsmarktsoziologie: Probleme, Theorien, empirische Befunde (Springer) | Law and Finance | Published Paper | 2018 | |
| Iñaki Aldasoro, Domenico Delli Gatti, Ester Faia | Bank Networks: Contagion, Systemic Risk and Prudential Policy Journal of Economic Behavior and Organization | Macro Finance | Published Paper | 2017 | Banking networks; Systemic risk; Contagion, Fire sales, Prudential regulation |
| Iñaki Aldasoro, Ester Faia | Systemic Loops and Liquidity Regulation Journal of Financial Stability | Macro Finance | Published Paper | 2016 | Bank runs, Liquidity scarcity, Interconnections, Contagion, Phase-in |
| Baptiste Massenot | Pain of Paying in a Business Cycle Model SAFE Working Paper No. 194 | Macro Finance | SAFE Working Paper | 2018 | |
| Otmar Issing | Deutschland und Europa Policy Letter No. 66 | Macro Finance | Policy Paper | 2018 | Europäische Währungsunion, Fiskalunion, ESM, Europäischer Währungsfonds |
| Mario 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 | Systemic Risk Lab | SAFE Working Paper | 2018 | Credit Default Swap (CDS), Central Counterparty Clearing House (CCP), European Market Infrastructure Regulation (EMIR), Sovereign |
| Steffen Andersen, Tobin Hanspal, Kasper Meisner Nielsen | Once Bitten, Twice Shy: The Power of Personal Experiences in Risk Taking Journal of Financial Economics | Household Finance | Published Paper | 2019 | Experiences, Risk taking, Financial crisis, Household finance |
| Patrick Grüning | Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics Finance Research Letters | Financial Markets | Published Paper | 2018 | Heterogeneous innovation; Technology spillover; Endogenous growth; Creative destruction; International finance |
| Massimiliano Caporin, Michele Costola, Gregory Jannin, Bertrand B. Maillet | On the (Ab)use of Omega? Journal of Empirical Finance | Systemic Risk Lab | Published Paper | 2018 | Performance measure Omega Return distribution Risk Stochastic dominance |
| Benjamin Clapham, Peter Gomber, Martin Haferkorn, Paul Jentsch, Sven Panz | Ensuring Market Integrity and Stability: Circuit Breakers on International Trading Venues Journal of Trading | Financial Markets | Published Paper | 2017 | |
| Loriana Pelizzon, Anjan Thakor, Calebe de Roure | P2P Lending versus Banks: Cream Skimming or Bottom Fishing? SAFE Working Paper No. 206 | Household Finance, Systemic Risk Lab | SAFE Working Paper | 2018 | |
| Loriana Pelizzon, Matteo Sottocornola | The Impact of Monetary Policy Interventions on the Insurance Industry SAFE Working Paper No. 204 | Financial Markets, Macro Finance, Systemic Risk Lab | SAFE Working Paper | 2018 | Event study, monetary policy surprise, unconventional monetary policy, conventional monetary policy, insurance industry |
| Alfons J. Weichenrieder | Digitalization and Taxation: Beware Ad hoc Measures Policy Letter No. 64 | Macro Finance | Policy Paper | 2018 | Digitalization, taxation |
| Matthias Goldmann | Monetary Policy and Prudential Supervision – From Functional Separation to a Holistic Approach? Policy Letter No. 63 | Macro Finance | Policy Paper | 2018 | Monetary policy, financial stability, financial supervision |
| Fabrizio Lillo, Loriana Pelizzon, Michael Schneider | Modelling Illiquidity Spillovers with Hawkes Processes: An Application to the Sovereign Bond Market Quantitative Finance | Financial Markets, Systemic Risk Lab | Published Paper | 2018 | Liquidity, Jump detection, Hawkes processes, Government bonds, MTS bond market |
| Nathanael Vellekoop, Mirko Wiederholt | Inflation Expectations and Choices of Households SAFE Working Paper No. 250 | Household Finance | SAFE Working Paper | 2019 | |
| Luca Enriques, Tobias Tröger | The Law and Finance of Related Party Transactions Cambridge University Press | Law and Finance | Published Paper | 2019 | |
| Vincenzo Pezone | The Real Effects of Judicial Enforcement SAFE Working Paper No. 192 | Law and Finance | SAFE Working Paper | 2018 | |
| Julia Hirsch, Uwe Walz | Financial Constraints, Newly Founded Firms and the Financial Crisis SAFE Working Paper No. 191 | Law and Finance | SAFE Working Paper | 2017 | financial constraints, financial crisis, financing decisions, investment decisions, newly founded firms |
| Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Five Years after the Liikanen Report: What Have We Learned? White Paper No. 50 | Financial Intermediation | Policy Paper | 2017 | Financial stability, banking separation, prohibition of proprietary trading, banking and treasury functions, bail-in, MREL, TLAC |
| Monica Billio, Michele Costola, Roberto Panzica, Loriana Pelizzon | Systemic Risk and Financial Interconnectedness: Network Measures and the Impact of the Indirect Effect Systemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier) | Financial Intermediation, Systemic Risk Lab | Published Paper | 2016 | systemic measures, connectedness measures, financial network, financial institutions, hedge funds, loss measures, quantile regressions, CoVaR, global network measures, local network measures, loss prediction, Settore SECS-P/05 - Econometria |
| Elia Berdin, Matteo Sottocornola | Systemic Risk in Insurance: Towards a new Approach Policy Letter No. 62 | Financial Markets | Policy Paper | 2017 | systemic risk, macroprudential franework, insurance, financial stability |
| Mark Wahrenburg | Provisioning Policies for Non-Performing Loans: How to Best Ensure a "Clean Balance Sheet"? White Paper No. 51 | Financial Intermediation | Policy Paper | 2017 | IFRS 9, provisioning rules, EU banks |
| Vanya 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 | Household Finance | SAFE Working Paper | 2017 | dynamic portfolio choice; 401(k) plan; saving; Social Security claiming age; retirement income; minimum distribution requirements; tax |
| Carlo Wix | The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity SAFE Working Paper No. 189 | Financial Intermediation | SAFE Working Paper | 2017 | Financial Crises, Bank Lending, Real Effects, Firm Investment, Wage Rigidity, Labor Hoarding |
| Michael Donadelli, Patrick Grüning, Marcus Jüppner, Renatas Kizys | Global Temperature, R&D Expenditure, and Growth SAFE Working Paper No. 188 | Financial Markets | SAFE Working Paper | 2017 | Global Temperature, R&D, Welfare Costs |
| Kunka Petkova, Alfons J. Weichenrieder | Reformpläne bei der Grunderwerbsteuer Policy Letter No. 61 | Macro Finance | Policy Paper | 2017 | Grunderwerbsteuer, Reformvorschläge, Freibetrag, Steuergestaltung, Share Deals |
| Baptiste Massenot, Yuri Pettinicchi | Can Firms See into the Future? Survey Evidence from Germany SAFE Working Paper No. 187 | Macro Finance | SAFE Working Paper | 2017 | Expectation formation; Expectation error; Learning; Extrapolation; Experience |
| Mila 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 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2018 | Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI |
| Baptiste Massenot, Yuri Pettinicchi | Can Households See into the Future? Survey Evidence from the Netherlands SAFE Working Paper No. 233 | Macro Finance | SAFE Working Paper | 2018 | |
| Maddalena Davoli, Jia Hou | Financial Literacy and Socialist Education: Lessons from the German Reunification SAFE Working Paper No. 217 | Household Finance | SAFE Working Paper | 2018 | financial literacy determinants, socialist education, German reunification, DiD |
| Jens Gal, Helmut Gründl | The Recalibration of the European System of Financial Supervision in Regard of the Insurance Sector: From Dreary to Dreamy or Vice Versa? Policy Letter No. 60 | Financial Intermediation, Household Finance | Policy Paper | 2017 | European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision |
| Nicole Branger, Paulo Rodrigues, Christian Schlag | Level and Slope of Volatility Smiles in Long-Run Risk Models Journal of Economic Dynamics and Control | Financial Markets, Systemic Risk Lab | Published Paper | 2018 | Asset pricing, Epstein-Zin preferences, jump risk, stochastic volatility, level and slope of implied volatility smile |
| Juan Pablo Bohoslavsky, Matthias Goldmann | Sovereign Debt Sustainability as a Principle of Public International Law: An Incremental Approach to Sovereign Debt Restructuring Yale Journal of International Law | Financial Intermediation | Published Paper | 2016 | sovereign debt restructuring, international law, collective action clauses, debt sustainability, legal principles, holdout creditors, holdout litigation |
| Matthias Goldmann, Silvia Steininger | A Discourse Theoretical Approach to Sovereign Debt Restructuring: Towards a Democratic Financial Order German Law Journal | Financial Intermediation | Published Paper | 2016 | democracy, finance, role of law, discourse theory, Habermas, sovereign debt, cleavages |
| Matthias Goldmann, Ingo Venzke, Armin von Bogdandy | From Public International to International Public Law: Translating World Public Opinion into International Public Authority European Journal of International Law | Financial Intermediation | Published Paper | 2017 | international organizations, global governance, world public opinion, public authority, soft law |
| Matthias Goldmann | International Investment Law and Financial Regulation: Towards a Deliberative Approach International Investment Law and the Global Financial Architecture (Edward Elgar) | Financial Intermediation | Published Paper | 2017 | international investment law, financial regulation, deliberation, monetary policy, sovereign debt |
| Patrick Grüning | Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics SAFE Working Paper No. 185 | Financial Markets | SAFE Working Paper | 2017 | Heterogeneous innovation, Technology spillover, Endogenous growth, Creative destruction, International finance |
| Tobias Tröger | Remarks on the German Regulation of Crowdfunding SAFE Working Paper No. 184 | Financial Intermediation | SAFE Working Paper | 2017 | crowdinvesting, crowdfunding, fintech, financial stability, market infrastructure, investor protection |
| Florian Hett, Johannes Kasinger | Undermined Market Discipline: The Role of Bank Rescues and Bailout Expectations Policy Letter No. 59 | Financial Intermediation, Experiment Center | Policy Paper | 2017 | bailout, market discipline, financial institutions, financial crisis, banks |
| Fabian Ochsenfeld | Mercantilist Dualization: The Introduction of the Euro, Redistribution of Industry Rents, and Wage Inequality in Germany, 1993–2008 Socio-Economic Review | Macro Finance | Published Paper | 2018 | distribution, manufacturing, causal mechanisms, political economy, Germany, Europe |
| Katja Langenbucher, Lara Milione, Andreas Roth, Tobias Tröger | EU Mapping 2017: Systematic Overview on Economic and Financial Legislation White Paper No. 49 | Law and Finance | Policy Paper | 2017 | EU economic and financial services legislation |
| Joost Driessen, Theo E. Nijman, Zorka Simon | The Missing Piece of the Puzzle: Liquidity Premiums in Inflation-Indexed Markets SAFE Working Paper No. 183 | Financial Markets | SAFE Working Paper | 2017 | Liquidity premium, liquidity risk, TIPS, inflation swaps, TIPS–Treasury puzzle |
| Benjamin Clapham, Peter Gomber, Sven Panz | Coordination of Circuit Breakers? Volume Migration and Volatility Spillover in Fragmented Markets SAFE Working Paper No. 196 | Financial Markets | SAFE Working Paper | 2018 | Circuit Breaker, Volatility Interruption, Market Fragmentation, High-Frequency Trading, Stock Market, Regulation, Liquidity |
| Benjamin Clapham, Peter Gomber, Martin Haferkorn, Sven Panz | Managing Excess Volatility: Design and Effectiveness of Circuit Breakers SAFE Working Paper No. 195 | Financial Markets | SAFE Working Paper | 2018 | Circuit Breaker, Volatility Interruption, Volatility, Liquidity, Market Design |
| Alexander Bick, Nicola Fuchs-Schündeln | Quantifying the Disincentive Effects of Joint Taxation on Married Women’s Labor Supply American Economic Review: Papers & Proceedings | Macro Finance | Published Paper | 2017 | Tax Law, Fiscal Policies, Behavior of Economic Agents, Household |
| Mario Bellia, Loriana Pelizzon, Marti Subrahmanyam, Jun Uno, Darya Yuferova | Coming Early to the Party SAFE Working Paper No. 182 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2017 | High-Frequency Traders (HFTs), Proprietary Trading, Opening Auction, Liquidity Provision, Price Discovery |
| Henning Hesse, Boris Hofmann, James Weber | The Macroeconomic Effects of Asset Purchases Revisited SAFE Working Paper No. 198 | Macro Finance | SAFE Working Paper | 2018 | unconventional monetary policy, asset purchases, monetary transmission |
| Henning Hesse | Incentive Effects from Write-down CoCo Bonds: An Empirical Analysis SAFE Working Paper No. 212 | Macro Finance | SAFE Working Paper | 2018 | CoCo bonds, contingent capital, endogenous risk, capital structure, incentives, monitoring |
| Jan Friedrich, Matthias Thiemann | Much Ado about Nothing? Macro-Prudential Ideas and the Post-Crisis Regulation of Shadow Banking Kölner Zeitschrift für Soziologie und Sozialpsychologie | Financial Intermediation | Published Paper | 2018 | financial regulation, shadow banking, epistemic authority, private risk-management |
| Jan Friedrich, Matthias Thiemann | Capital Markets Union: The Need for Common Laws and Common Supervision DIW-Vierteljahreshefte zur Wirtschaftsforschung | Financial Intermediation | Published Paper | 2017 | Capital Markets Union, clearing, regulatory competition, regulatory arbitrage, supervision |
| Roberto Casarin, Michele Costola, Erdem Yenerdag | Financial Bridges and Network Communities SAFE Working Paper No. 208 | Systemic Risk Lab | SAFE Working Paper | 2018 | Systemic Risk; Financial Institutions; Network Communities; Financial Crises |
| Loriana Pelizzon, Marti Subrahmanyam, Davide Tomio, Jun Uno | Central Bank-Driven Mispricing SAFE Working Paper No. 226 | Financial Markets, Macro Finance, Systemic Risk Lab | SAFE Working Paper | 2018 | Central Bank Interventions, Liquidity, Sovereign Bonds, Futures Contracts, Arbitrage |
| Viral Acharya, Diane Pierret, Sascha Steffen | Lender of Last Resort, Buyer of Last Resort, and a Fear of Fire Sales in the Sovereign Bond Market | Financial Markets, Macro Finance | Thirdparty Working Paper | 2018 | |
| Holger Kraft, Claus Munk, Sebastian Wagner | Housing Habits and Their Implications for Life-Cycle Consumption and Investment Review of Finance | Household Finance | Published Paper | 2018 | Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital |
| Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon | Networks in Risk Spillovers: A Multivariate GARCH Perspective SAFE Working Paper No. 225 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2018 | spatial GARCH; network; risk spillover; nancial spillover |
| Holger Kraft, Farina Weiss | Consumption-Portfolio Choice with Preferences for Cash SAFE Working Paper No. 181 | Household Finance | SAFE Working Paper | 2018 | consumption-portfolio choice, money in the utility function, stock demand, stochastic control |
| Hans-Helmut Kotz, Reinhard H. Schmidt | Corporate Governance of Banks – A German Alternative to the “Standard Model” White Paper No. 45 | Financial Intermediation | Policy Paper | 2017 | corporate governance, German banks, German banking system |
| Reinhard H. Schmidt | Microfinance – Once and Today White Paper No. 48 | Financial Intermediation | Policy Paper | 2017 | Microfinance, German savings banks, German cooperative banks, Inclusive Finance |
| Tobias Tröger | Why MREL Won't Help Much SAFE Working Paper No. 180 | Financial Intermediation | SAFE Working Paper | 2017 | MREL, TLAC, G-SIB, bail-in, bank resolution |
| Tobias Tröger | Too Complex to Work - A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime SAFE Working Paper No. 179 | Financial Intermediation | SAFE Working Paper | 2017 | bail-in, private sector involvement, precautionary recapitalization, cross-border insolvency, market discipline |
| Matthias Goldmann | Karlsruhe Refers the QE Case to Luxembourg: Summer of Love Policy Letter No. 58 | Macro Finance | Policy Paper | 2017 | ECB, Quantitative Easing, OMT, Monetary Policy, ECJ, BVerfG |
| Matthias Goldmann | United in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union SAFE Working Paper No. 178 | Financial Intermediation, Macro Finance | SAFE Working Paper | 2018 | Banking Union, Monetary Policy, Financial Stability, Single Supervisory Mechanism, Democratic Legitimacy |
| Michael Donadelli, Marcus Jüppner, Max Riedel, Christian Schlag | Temperature Shocks and Welfare Costs Journal of Economic Dynamics and Control | Financial Markets | Published Paper | 2017 | Temperature shocks, long-run growth, asset prices, welfare costs, adaptation |
| Michael Donadelli, Marcus Jüppner, Max Riedel, Christian Schlag | Temperature Shocks and Welfare Costs SAFE Working Paper No. 177 | Financial Markets | SAFE Working Paper | 2017 | Temperature shocks, long-run growth, asset prices, welfare costs, adaptation |
| Giuliano Curatola, Ilya Dergunov | International Capital Markets with Time-Varying Preferences SAFE Working Paper No. 176 | Household Finance, Financial Markets | SAFE Working Paper | 2017 | Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice |
| Reint Gropp, Deyan Radev | International Banking Conglomerates and the Transmission of Lending Shocks Across Borders SAFE Working Paper No. 175 | Financial Intermediation | SAFE Working Paper | 2017 | Commercial banks, global banks, wholesale shocks, solvency shocks, transmission, internal capital markets |
| Reint Gropp, Deyan Radev | Social Centralization, Bank Integration and the Transmission of Lending Shocks SAFE Working Paper No. 174 | Financial Intermediation | SAFE Working Paper | 2017 | Global banks, social centralization, bank integration, shocks, transmission |
| Holger Kraft, Eduardo S. Schwartz, Farina Weiss | Growth Options and Firm Valuation European Financial Management | Financial Markets | Published Paper | 2018 | Firm valuation, Real options, Volatility, R&D expenses |
| Martin Götz | Competition and Bank Stability Journal of Financial Intermediation | Financial Intermediation | Published Paper | 2018 | Risk, Stability, Competition, Contestability, Entry, Lending |
| Christel Merlin Kuate Kamga, Christian Wilde | Liquidity Premia in CDS Markets SAFE Working Paper No. 173 | Financial Intermediation, Financial Markets | SAFE Working Paper | 2017 | CDS, liquidity |
| Raimond Maurer, Olivia S. Mitchell | Incentivizing Older People to Delay Social Security Claiming Policy Letter No. 57 | Household Finance | Policy Paper | 2017 | pensions, German retirement system, social security claiming |
| Tobias Tröger | How Not To Do Banking Law in the 21st Century Policy Letter No. 56 | Financial Intermediation | Policy Paper | 2017 | Banking Union, ECB, EGC, Landeskreditbank Baden-Württemberg, NCAs, SSM |
| Giuliano Curatola | Portfolio Choice and Asset Prices when Preferences are Interdependent Journal of Economic Behavior & Organization | Macro Finance | Published Paper | 2017 | Asset pricing; General equilibrium; heterogeneous investors; interdependent preferences; portfolio choice |
| Massimiliano Caporin, Michele Costola, Shawkat Hammoudeh, Ahmed Khalifa | Systemic Risk for Financial Institutions of Major Petroleum-Based Economies: The Role of Oil SAFE Working Paper No. 172 | Financial Intermediation, Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2017 | Systemic Risk, Risk Measurement, VaR, ΔCoVaR, Oil, Financial Institutions, Petroleum-based Economies |
| Andreas Hubener, Raimond Maurer, Olivia S. Mitchell | How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios Review of Financial Studies | Household Finance | Published Paper | 2016 | |
| Giuliano Curatola | Optimal Portfolio Choice with Loss Aversion Over Consumption Quarterly Review of Economics and Finance | Financial Markets | Published Paper | 2017 | Loss-aversion, Habit-formation, Consumption–portfolio choice |
| Stefano Colonnello, Giuliano Curatola, Ngoc Giang Hoang | Direct and Indirect Risk-Taking Incentives of Inside Debt Journal of Corporate Finance | Law and Finance | Published Paper | 2017 | Inside Debt, Credit Spreads, Risk-Taking |
| Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer | Structural Reforms in Banking: The Role of Trading Journal of Financial Regulation | Financial Intermediation | Published Paper | 2017 | banking, structural reforms, prohibition of proprietary trading, banking separation |
| Michael Donadelli, Patrick Grüning | Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare SAFE Working Paper No. 171 | Financial Markets | SAFE Working Paper | 2017 | Endogenous growth, Asset pricing, Government, Fiscal policy, Heterogeneous innovation |
| Raimond Maurer, Olivia S. Mitchell | Older People’s Willingness to Delay Social Security Claiming SAFE Working Paper No. 170 | Household Finance | SAFE Working Paper | 2016 | |
| Max Groneck, Alexander Ludwig, Alexander Zimper | Who Saves More, the Naive or the Sophisticated Agent? SAFE Working Paper No. 169 | Household Finance, Macro Finance | SAFE Working Paper | 2017 | Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency |
| Martin Götz, Tobias Tröger | Fines for Misconduct in the Banking Sector – What is the Situation in the EU? White Paper No. 47 | Financial Intermediation | Policy Paper | 2017 | financial stability, banking supervision, banking regulation, bank sanctions, monetary penalties |
| Guido Friebel, Marie Lalanne, Bernard Richter, Peter Schwardmann, Paul Seabright | Women Form Social Networks More Selectively and Less Opportunistically Than Men SAFE Working Paper No. 168 | Law and Finance, Transparency Lab | SAFE Working Paper | 2017 | Social Networks, Gender Differences, Trust Game |
| Patrick Grüning | International Endogenous Growth, Macro Anomalies, and Asset Prices Journal of Economic Dynamics and Control | Financial Markets | Published Paper | 2017 | Innovation, Technology spillover, Endogenous growth, Long-run risk, International finance |
| Gabriele Camera, Alessandro Gioffré | Asymmetric Social Norms Economics Letters | Money and Finance | Published Paper | 2017 | cooperation, repeated games, social dilemmas |
| Franklin Allen, Jan Pieter Krahnen, Holger Lüthen, Hélène Rey | Financial Resilience Revisited: Why Consistency in Regulation is now Paramount – Across Sectors and Regions, and Over Time Policy Letter No. 55 | Financial Intermediation, Financial Markets | Policy Paper | 2017 | financial resilience, financial markets regulation, banking regulation |
| Felix Noth, Ulrich Schüwer | Natural Disaster and Bank Stability: Evidence from the U.S. Financial System SAFE Working Paper No. 167 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2017 | natural disasters, bank stability, non-performing assets, bank performance |
| Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Taking Bail-in Seriously - The Looming Risks for Banking Policy in the Rescue of Monte dei Paschi di Siena Policy Letter No. 54 | Financial Intermediation | Policy Paper | 2017 | BRRD, banking resolution, banking supervision, SRM, financial stability, systemic risk |
| Monica Billio, Massimiliano Caporin, Roberto Panzica, Loriana Pelizzon | The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification SAFE Working Paper No. 166 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2016 | CAPM, volatility, network, interconnections, systematic risk |
| Rainer Haselmann, David Schoenherr, Vikrant Vig | Rent-Seeking in Elite Networks Journal of Political Economy | Financial Intermediation, Law and Finance | Published Paper | 2018 | - |
| Jan Pieter Krahnen, Christian Wilde | Skin-in-the-Game in ABS Transactions: A Critical Review of Policy Options White Paper No. 46 | Financial Markets | Policy Paper | 2017 | Structured finance, ABS, STS (simple, transparent, and standardized securitizations), regulation, retention, Dodd-Frank Act |
| Giovanni Bonaccolto, Massimiliano Caporin, Roberto Panzica | Estimation and Model-Based Combination of Causality Networks SAFE Working Paper No. 165 | Financial Markets | SAFE Working Paper | 2017 | Granger causality, quantile causality, multi-layer network, network combination |
| Raimond 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 | Household Finance | SAFE Working Paper | 2017 | Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security |
| Monica Billio, Loriana Pelizzon | Systemic Risk Tomography Systemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier) | Systemic Risk Lab | Published Paper | 2016 | |
| Gabriele Camera, Alessandro Gioffré | Asymmetric Social Norms SAFE Working Paper No. 162 | Money and Finance | SAFE Working Paper | 2017 | cooperation, repeated games, social dilemmas |
| Giuliano Curatola, Michael Donadelli, Patrick Grüning | Technology Trade with Asymmetric Tax Regimes and Heterogeneous Labor Markets: Implications for Macro Quantities and Asset Prices SAFE Working Paper No. 163 | Financial Markets | SAFE Working Paper | 2017 | Technology Adoption, R&D Investment, Asymmetric Tax Regimes, Asset Prices |
| Michael Donadelli, Renatas Kizys, Max Riedel | Dangerous Infectious Diseases: Bad News for Main Street, Good News for Wall Street? Journal of Financial Markets | Financial Markets | Published Paper | 2017 | WHO alerts, investor sentiment, pharmaceutical industry, trading strategies |
| Günter Franke, Jan Pieter Krahnen | SME Funding Without Banks? On the Interplay of Banks and Markets White Paper No. 44 | Financial Intermediation, Financial Markets | Policy Paper | 2017 | SME, funding, capital markets, lending instruments, banks |
| Martin Götz, Luc Laeven, Ross Levine | Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of US Banks Review of Financial Studies | Financial Intermediation | Published Paper | 2013 | |
| Tobin Hanspal | The Effect of Personal Financing Disruptions on Entrepreneurship SAFE Working Paper No. 161 | Law and Finance, Household Finance | SAFE Working Paper | 2016 | Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults |
| Domenico Rocco Cambrea, Stefano Colonnello, Giuliano Curatola, Giulia Fantini | CEO Investment of Deferred Compensation Plans and Firm Performance SAFE Working Paper No. 160 | Law and Finance | SAFE Working Paper | 2016 | Inside Debt, Executive Compensation, Corporate Distress |
| Brigitte Haar | "Comply or Explain" im Spannungsfeld von Law and Finance 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann) | Law and Finance | Published Paper | 2014 | |
| Monica Billio, Michael Donadelli, Antonio Paradiso, Max Riedel | Which Market Integration Measure? Journal of Banking and Finance | Financial Markets | Published Paper | 2016 | Equity market integration, dynamic correlation, principal components, international diversification benefits |
| Monica Billio, Michael Donadelli, Antonio Paradiso, Max Riedel | Which Market Integration Measure? SAFE Working Paper No. 159 | Financial Markets | SAFE Working Paper | 2016 | Equity market integration, dynamic correlation, principal components, international diversification benefits |
| Michael Donadelli, Renatas Kizys, Max Riedel | Globally Dangerous Diseases: Bad News for Main Street, Good News for Wall Street? SAFE Working Paper No. 158 | Financial Markets | SAFE Working Paper | 2016 | WHO alerts, investor sentiment, pharmaceutical industry, trading strategies |
| Sophie Ahlswede, Steffen Meyer, Linda Urban | Does feedback on personal investment success help? SAFE Working Paper No. 157 | Household Finance | SAFE Working Paper | 2016 | household finance, field study, individual investors, reporting, investment mistakes, regulation |
| 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 Journal of Risk and Insurance | Household Finance | Published Paper | 2018 | Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension |
| Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment SAFE Working Paper No. 156 | Financial Intermediation | SAFE Working Paper | 2016 | Bank capital ratios, Bank regulation, Credit supply |
| Vahid Saadi | Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act SAFE Working Paper No. 155 | Financial Intermediation | SAFE Working Paper | 2016 | The Community Reinvestment Act, Mortgage supply, House prices, Homeownership |
| Brigitte Haar | Shareholder Wealth vs. Stakeholder interests? Evidence from Code Compliance under the German Corporate Governance Code SAFE Working Paper No. 154 | Law and Finance | SAFE Working Paper | 2016 | corporate governance codes, soft law, stakeholder, shareholder wealth, market enforcement, German corporate governance, supervisory board, incentive pay, severance pay caps, age limits |
| Rainer Haselmann, Mark Wahrenburg | Banks' Internal Rating Models - Time for a Change? The System of Floors as Proposed by the Basel Committee White Paper No. 43 | Financial Intermediation | Policy Paper | 2016 | Internal rating models, floors, banking regulation, BCBS |
| Julia Hirsch, Uwe Walz | The Financing Dynamics of Newly Founded Firms SAFE Working Paper No. 153 | Law and Finance | SAFE Working Paper | 2016 | financing decisions, life-cycle, firm growth, newly founded firms |
| Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | Whatever it Takes: The Real Effects of Unconventional Monetary Policy SAFE Working Paper No. 152 | Financial Intermediation, Data Center | SAFE Working Paper | 2016 | Unconventional Monetary Policy, Real Effects, Zombie Lending |
| Florian Hett, Alexander Schmidt | Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis Journal of Financial Economics | Financial Intermediation, Transparency Lab, Experiment Center | Published Paper | 2017 | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline |
| Fabrizio Lillo, Loriana Pelizzon, Michael Schneider | How Has Sovereign Bond Market Liquidity Changed? - An Illiquidity Spillover Analysis SAFE Working Paper No. 151 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2016 | Liquidity, jump detection, Hawkes processes, government bonds, MTS bond market, Quantitative Easing. |
| Massimiliano Caporin, Aleksey Kolokolov, Roberto Renò | Systemic Co-Jumps SAFE Working Paper No. 149 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2016 | Jumps, Return predictability, Systemic events, Variance Risk Premium |
| Vanya 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 | Household Finance | SAFE Working Paper | 2016 | dynamic portfolio choice, longevity risk, variable annuity, retirement income |
| Otmar Issing | Central Banks – From Overburdening to Decline? White Paper No. 42 | Macro Finance | Policy Paper | 2016 | Central Banking, ECB, Monetary Policy |
| Petr Jakubik, Sven-Thorsten Jakusch | On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data SAFE Working Paper No. 148 | Household Finance | SAFE Working Paper | 2016 | Utility Functions, Model Selection, Parameter Elicitation |
| Andreas 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 | Household Finance | SAFE Working Paper | 2016 | Utility Theory, Maximum Likelihood, Individual Investors |
| Andreas 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 | Household Finance | SAFE Working Paper | 2016 | Prospect Theory, Parameter Elicitation, Investors Heterogeneity |
| Sascha Baghestanian, Paul Gortner, Baptiste Massenot | Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis Experimental Economics | Law and Finance, Experiment Center | Published Paper | 2017 | compensation, liquidity, experimental asset markets, bubbles |
| Raphael Abiry, Christian Geppert, Alexander Ludwig | Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results SAFE Working Paper No. 145 | Macro Finance | SAFE Working Paper | 2016 | secular stagnation; demographic change; overlapping generations; natural rate; equity premium; growth; welfare; human capital |
| Mario 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 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2016 | High-Frequency Traders (HFTs), Pre-Opening, Opening Call Auction, Price Discovery, Liquidity provision. |
| Christian Eufinger, Andrej Gill | Incentive-Based Capital Requirements Management Science | Law and Finance, Transparency Lab, Experiment Center | Published Paper | 2017 | Basel III, capital regulation, compensation, leverage, risk |
| Peter 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 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2016 | Dark Trading, Fragmentation, Anonymity, Immediacy |
| Tomaso Aste, Loriana Pelizzon, Nicolas Perony, Paolo Tasca | Banking Beyond Banks and Money. A Guide to Banking Services in the Twenty-First Century Banking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century (Springer) | Financial Intermediation, Systemic Risk Lab | Published Paper | 2016 | |
| Michael Kosfeld, Ulrich Schüwer | Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education Review of Finance | Household Finance, Experiment Center | Published Paper | 2017 | consumer education,financial literacy, bounded rationality, competition, regulation |
| Jan Pieter Krahnen, Loriana Pelizzon | "Predatory" Margins and the Regulation and Supervision of Central Counterparty Clearing Houses (CCPs) White Paper No. 41 | Financial Markets, Systemic Risk Lab | Policy Paper | 2016 | central counterparties, CCP, derivatives, financial market regulation, financial market supervision |
| Alexander Ludwig | Das Deutsche Rentensystem: Thesen zur derzeitigen Diskussion um „Umkehr“-Reformen White Paper No. 40 | Household Finance | Policy Paper | 2016 | German pension system, reform, retirement age |
| Nathanael Vellekoop | The Impact of Long-Run Macroeconomic Experiences on Personality SAFE Working Paper No. 142 | Household Finance | SAFE Working Paper | 2016 | Personality traits, Big Five, Locus of control, labor market, unemployment |
| Brigitte Haar | Freedom of Contract and Financial Stability Through the Lens of the Legal Theory of Finance SAFE Working Paper No. 141 | Law and Finance | SAFE Working Paper | 2016 | law and finance, financial stability, financial contracts, structured finance, asset-backed securities, pari passu clauses, collective action clauses, otc derivatives markets, central counter parties, Basel III, Coco bonds, trust law, China |
| Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, Christian Westheide | Competition Between Equity Markets: A Review of the Consolidation Versus Fragmentation Debate Journal of Economic Surveys | Financial Markets | Published Paper | 2017 | Competition, Fragmentation, Market Structure, Liquidity, Price Discovery |
| Günter Franke, Thomas Mosk, Eberhard Schnebel | Fair Retail Banking: How to Prevent Mis-Selling by Banks White Paper No. 39 | Law and Finance | Policy Paper | 2016 | Retail Banking, Mis-selling, MiFID II |
| Helmut Siekmann | Kurzkommentar zum Volksentscheid im Vereinigten Königreich am 23. Juni 2016 Policy Letter No. 53 | Macro Finance | Policy Paper | 2016 | Brexit, Europäische Union, Vereinigtes Königreich |
| Reint Gropp, Rasa Karapandza, Julian Opferkuch | The Forward-Looking Disclosures of Corporate Managers: Theory and Evidence SAFE Working Paper No. 140 | Financial Intermediation | SAFE Working Paper | 2016 | Repeated Games; Asymmetric Information; Firms; Reputation |
| Holger Kraft, Thomas Seiferling, Frank Thomas Seifried | Optimal Consumption and Investment with Epstein-Zin Recursive Utility Finance and Stochastics | Financial Markets | Published Paper | 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? Journal of Marketing Research | Law and Finance | Published Paper | 2017 | disclosure, customer metrics, accounting, financial reporting, marketing–finance interface |
| Shafik Hebous, Alfons J. 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 | Published Paper | 2016 | EMU, Eurozone, European unemployment insurance, fiscal transfers |
| Mohamed Aldegwy, Matthias Thiemann | Von mikro- zu makroprudenzieller Regulierung Die Innenwelt der Ökonomie: Wissen, Macht und Performativität in der Wirtschaftswissenschaft (Springer) | Macro Finance | Published Paper | 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 | Law and Finance, Systemic Risk Lab | Published Paper | 2016 | |
| Alfons J. Weichenrieder | Panama & Co: Implikationen für die Steuerpolitik Policy Letter No. 52 | Macro Finance | Policy Paper | 2016 | Steuerhinterziehung, Steuervermeidung, Steueroasen, Briefkastenfirmen, Panama Papers |
| Holger Kraft, Claus Munk, Farina Weiss | Predictors and Portfolios Over the Life Cycle SAFE Working Paper No. 139 | Household Finance | SAFE Working Paper | 2016 | Return predictability, human capital, housing, investments, welfare |
| Michael Donadelli, Patrick Grüning | Labor Market Dynamics, Endogenous Growth and Asset Prices Economics Letters | Financial Markets | Published Paper | 2016 | http://www.sciencedirect.com/science/article/pii/S0165176516300933 |
| Mohamed Aldegwy, Matthias Thiemann | How Economics Got it Wrong: Formalism, Equilibrium Modelling and Pseudo-Optimization in Banking Regulatory Studies SAFE Working Paper No. 138 | Macro Finance | SAFE Working Paper | 2016 | Sociology of Finance, Optimal Regulation, Dynamic and Reliable Regulation, Banking Regulation, Financial Crisis |
| Alexander Ludwig | Demographischer Wandel: Kapitalrenditen, Löhne und Verteilungswirkungen White Paper No. 38 | Macro Finance | Policy Paper | 2016 | Demographischer Wandel, Migration, säkulare Stagnation, Kapitalrenditen, Ungleichheit |
| Elia Berdin, Christoffer Kok, Cosimo Pancaro | A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers SAFE Working Paper No. 137 | Financial Intermediation | SAFE Working Paper | 2016 | Financial Stability, Insurance, Interest Rate Risk, Stress Test |
| Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner | Consumption Habits and Humps Economic Theory | Household Finance | Published Paper | 2017 | Consumption hump, life-cycle utility maximization, habit formation, impatience |
| Mohamed Aldegwy, Edin Ibrocevic, Matthias Thiemann | Understanding the Shift from Micro to Macro-Prudential Thinking: A Discursive Network Analysis SAFE Working Paper No. 136 | Macro Finance | SAFE Working Paper | 2016 | Banking Regulation, Systemic Risk, Formalism, Equilibrium Thinking, Discourse, Citation Network Analysis |
| Douglas Cumming, Jochen Christian Werth, Yelin Zhang | Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks SAFE Working Paper No. 135 | Law and Finance | SAFE Working Paper | 2016 | Entrepreneurship, Entrepreneurial Finance, Governance, Technology Park, Incubator, Board of Directors, Venture Capital, Angel |
| Günter Beck, Hans-Helmut Kotz | Euro Area Shadow Banking Activities in a Low-Interest-Rate Environment: A Flow-of-Funds Perspective White Paper No. 37 | Financial Intermediation, Macro Finance | Policy Paper | 2016 | Non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation, low interest rate environment |
| Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Lost in Translation? ECB’s Monetary Impulses and Financial Intermediaries’ Responses White Paper No. 36 | Financial Intermediation, Macro Finance | Policy Paper | 2016 | Non-bank financial intermediation, interest-rate channel, credit channel, risk-taking channel of monetary policy, market-based financial intermediation, monetary transmission mechanism, waterbed effect |
| Vilen Lipatov, Alfons J. Weichenrieder | A Decentralization Theorem of Taxation CESifo Economic Studies | Macro Finance | Published Paper | 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 | Law and Finance | Published Paper | 2014 | collective litigation, investor protection, test cases, German Capital Markets Model Case Act (KapMuG) |
| Markus Kröll, Devesh Rustagi | Reputation, Honesty, and Cheating in Informal Milk Markets in India SAFE Working Paper No. 134 | Law and Finance, Experiment Center | SAFE Working Paper | 2016 | Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India |
| Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig | The Political Economy of Bank Bailouts SAFE Working Paper No. 133 | Financial Intermediation, Law and Finance | SAFE Working Paper | 2016 | political economy, bailouts, state-owned enterprises, elections |
| Rainer Haselmann, David Schoenherr, Vikrant Vig | Rent-Seeking in Elite Networks SAFE Working Paper No. 132 | Financial Intermediation, Law and Finance | SAFE Working Paper | 2016 | - |
| Andrej Gill, Nikolai Visnjic | Performance Benefits of Tight Control The Journal of Private Equity | Law and Finance, Transparency Lab, Experiment Center | Published Paper | 2015 | private equity, leveraged buyouts, active shareholders, ownership concentration, corporate governance |
| Marcel Fratzscher, Reint Gropp, Hans-Helmut Kotz, Jan Pieter Krahnen, Christian Odendahl, Beatrice Weder di Mauro, Guntram B. Wolff | Mere criticism of the ECB is no solution Policy Letter No. 51 | Macro Finance | Policy Paper | 2016 | eurozone, crisis, monetary policy |
| Nicole Branger, Patrick Grüning, Christian Schlag | Commodities, Financialization, and Heterogeneous Agents SAFE Working Paper No. 131 | Financial Markets | SAFE Working Paper | 2016 | Commodities, General Equilibrium, Heterogeneous Preferences, Financial Markets |
| Martin Götz, Tobias Tröger | Should the Marketing of Subordinated Debt be Restricted/Different in One Way or the Other? What to do in the Case of Mis-selling? White Paper No. 35 | Financial Intermediation | Policy Paper | 2016 | Bail-in, BRRD, subordinated debt, EU market regulation |
| Peter Gomber | The German Equity Trading Landscape White Paper No. 34 | Financial Markets | Policy Paper | 2016 | MiFID II, MiFIR, equity trading, electronic trading, cash equity markets |
| Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer | Structural Reforms in Banking: The Role of Trading White Paper No. 33 | Financial Intermediation, Financial Markets | Policy Paper | 2016 | proprietary trading, banking separation proposals, bank risk |
| Patrick Behr, Reinhard H. Schmidt | The German Banking System: Characteristics and Challenges White Paper No. 32 | Financial Intermediation | Policy Paper | 2015 | banks, government, regulation |
| 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 | Published Paper | 2016 | Tobin tax, borrowing constraints, short-sale constraints, stock market volatility, incomplete markets, differences of opinion |
| Giuliano Curatola | Optimal Consumption and Portfolio Choice with Loss Aversion SAFE Working Paper No. 130 | Financial Markets | SAFE Working Paper | 2016 | Loss-aversion, Habit-formation, Consumption-portfolio choice |
| Giuliano Curatola, Michael Donadelli, Patrick Grüning, Christoph Meinerding | Investment-Specific Shocks, Business Cycles, and Asset Prices SAFE Working Paper No. 129 | Financial Markets | SAFE Working Paper | 2016 | General Equilibrium Asset Pricing, Production Economy, Long-Run Risk, Investment-Specific Shocks, Nominal Rigidities |
| Giuliano Curatola | Preference Evolution and the Dynamics of Capital Markets SAFE Working Paper No. 128 | Macro Finance | SAFE Working Paper | 2016 | Asset pricing, general equilibrium, heterogeneous investors, interdependent preferences, portfolio choice |
| Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner | Competition in Treasury Auctions SAFE Working Paper No. 127 | Law and Finance | SAFE Working Paper | 2016 | treasury auctions, multi-unit auctions, independent private values, competition, bidder surplus, auction format |
| Carsten Bienz, Karin Thorburn, Uwe Walz | Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers SAFE Working Paper No. 126 | Financial Intermediation | SAFE Working Paper | 2016 | Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth |
| Jens-Hinrich Binder | To Ring-Fence or Not, and How? Strategic Questions for Post-Crisis Banking Reform in Europe forthcoming in European Banking Regulation (CH Beck) | Financial Intermediation | Published Paper | 2018 | EU banking regulation, Liikanen Report, ring-fencing, structural bank reform, Vickers Commission, Volcker Rule |
| Jens-Hinrich Binder | Komplexitätsbewältigung durch Verwaltungsverfahren? Zeitschrift für das gesamte Handels- und Wirtschaftsrecht | Financial Intermediation | Published Paper | 2015 | |
| 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 | Published Paper | 2016 | Progressive Taxation, Education Subsidy, Transitional Dynamics | |
| Tobias Tröger, Uwe Walz | Does Say on Pay Matter? Evidence from Germany SAFE Working Paper No. 125 | Law and Finance, Transparency Lab | SAFE Working Paper | 2016 | Say-on-pay, corporate governance, management compensation |
| Adrian Buss, Bernard Dumas, Raman Uppal, Grigory Vilkov | The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis SAFE Working Paper No. 124 | Financial Markets | SAFE Working Paper | 2016 | Tobin tax, borrowing constraints, short-sale constraints, stock market volatility, incomplete markets, differences of opinion |
| Marie Lalanne, Paul Seabright | The Old Boy Network: The Impact of Professional Networks on Remuneration in Top Executive Jobs SAFE Working Paper No. 123 | Law and Finance | SAFE Working Paper | 2016 | professional networks, gender wage gap, executive compensation, placebo technique |
| Douglas Cumming, Uwe Walz, Jochen Christian Werth | Entrepreneurial Spawning: Experience, Education, and Exit SAFE Working Paper No. 122 | Law and Finance | SAFE Working Paper | 2016 | Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit |
| Douglas Cumming, Uwe Walz, Jochen Christian Werth | Entrepreneurial Spawning: Experience, Education, and Exit Financial Review | Law and Finance | Published Paper | 2016 | Venture governance, entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit |
| Elia Berdin, Matteo Sottocornola | Insurance Activities and Systemic Risk SAFE Working Paper No. 121 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2015 | Systemic Risk, Insurance Activities, Systemically Important Financial Institutions |
| Bijan Kaffenberger, Mark Wahrenburg | Fragmentation in the European Retail Deposit Market and Implications for Loan Availability in European Member States White Paper No. 31 | Household Finance | Policy Paper | 2015 | household finance, deposits, European market fragmentation |
| Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek | The Potential Effect of Offering Lump Sums as Retirement Payments Policy Letter No. 50 | Household Finance | Policy Paper | 2015 | Social Security solvency, Pension system |
| Günther Gebhardt | Impairments of Greek Government Bonds under IAS 39 and IFRS 9: A Case Study White Paper No. 30 | Financial Markets | Policy Paper | 2015 | government bonds, IFRS 9, credit losses |
| Helmut Gründl | Solvency II ante portas: Nutzen und Risiken der neuen Versicherungsregulierung Policy Letter No. 49 | Financial Intermediation | Policy Paper | 2015 | Versicherungen, Regulierung |
| Helmut Gründl | Solvency II at the Gates: Benefits and Risks of the New Insurance Regulation Policy Letter No. 48 | Financial Intermediation | Policy Paper | 2015 | Insurance, Regulation |
| Matthias Heinz, Heiner Schumacher | Signaling Cooperation SAFE Working Paper No. 120 | Law and Finance | SAFE Working Paper | 2015 | Signaling, Public Goods, Labor Markets, Extracurricular Activities |
| Michael Brennan, Holger Kraft | Leaning Against the Wind: Debt Financing in the Face of Adversity SAFE Working Paper No. 119 | Financial Markets | SAFE Working Paper | 2015 | Capital structure, financing policy, managerial incentives |
| Michael Donadelli, Antonio Paradiso, Max Riedel | A Quasi Real-Time Leading Indicator for the EU Industrial Production SAFE Working Paper No. 118 | Financial Markets | SAFE Working Paper | 2015 | Leading indicator, EU industrial production, Granger causality, Turning points, Forward-looking Taylor rule |
| Dirk Krueger, Philipp Krüger, Alexander Ludwig | On the Optimal Provision of Social Insurance SAFE Working Paper No. 110 | Macro Finance | SAFE Working Paper | 2015 | Progressive Taxation, Education Subsidy, Transitional Dynamics |
| Marcel Bluhm | Interbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks SAFE Working Paper No. 117 | Financial Intermediation | SAFE Working Paper | 2015 | Financial fragility, interbank market, liquidity, maturity, network model |
| Andreas Fagereng, Charles Gottlieb, Luigi Guiso | Asset Market Participation and Portfolio Choice Over the Life-Cycle SAFE Working Paper No. 115 | Household Finance | SAFE Working Paper | 2015 | - |
| Charles Gottlieb | On the Distributive Effects of Inflation SAFE Working Paper No. 116 | Household Finance | SAFE Working Paper | 2015 | Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation |
| Ester Faia, Andreas Hackethal, Michael Haliassos, Katja Langenbucher | Financial Regulation: A Transatlantic Perspective Cambridge University Press | Household Finance, Macro Finance | Published Paper | 2015 | banking union, microprudential regulation, macroprudential regulation, investor protection, borrower protection |
| Monica Billio, Lorenzo Frattarolo, Loriana Pelizzon | A Time Varying Performance Evaluation of Hedge Fund Strategies through Aggregation Bankers, Markets and Investors | Financial Intermediation, Systemic Risk Lab | Published Paper | 2014 | Extra performances, Hedge funds, Markov switching models, Financial crises |
| Tobias Tröger | A Political Economy Perspective on Common Supervision in the Eurozone Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Financial Intermediation | Published Paper | 2015 | |
| Gabriele Camera, Alessandro Gioffré | A Tractable Analysis of Contagious Equilibria Journal of Mathematical Economics | Macro Finance | Published Paper | 2015 | Cooperation, Social norms, Grim trigger, Random matching |
| Andrea Weber, Moritz Christian Weber, Andrea Weber, Christine Zulehner | Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail? Journal of the European Economic Association | Law and Finance | Published Paper | 2014 | |
| Jan Pieter Krahnen, Laura Moretti | Bail-In Clauses Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Financial Intermediation | Published Paper | 2015 | |
| Baptiste Massenot, Stéphane Straub | Informal Sector and Economic Development: The Credit Supply Channel SAFE Working Paper No. 106 | Macro Finance | SAFE Working Paper | 2015 | - |
| Loriana Pelizzon, Domenico Sartore | Deciphering the Libor and Euribor Spreads during the Subprime Crisis North American Journal of Economics and Finance | Financial Intermediation, Systemic Risk Lab | Published Paper | 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 | Law and Finance | Published Paper | 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 | Financial Markets | Published Paper | 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 | Law and Finance | Published Paper | 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 Research | Law and Finance | Published Paper | 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 | Law and Finance | Published Paper | 2013 | Gender wage differentials, Wage inequality, Decomposition, Matched employer-employee data |
| Ester Faia, Isabel Schnabel | The road from micro-prudential to macro-prudential regulation Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Macro Finance | Published Paper | 2015 | |
| Alfons J. Weichenrieder | Greece: Threatening Recovery Policy Letter No. 37 | Macro Finance | Policy Paper | 2015 | Financial Assistance, Conditionality |
| Holger Kraft, Claus Munk, Sebastian Wagner | Housing Habits and Their Implications for Life-Cycle Consumption and Investment SAFE Working Paper No. 85 | Household Finance | SAFE Working Paper | 2015 | Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital |
| Kosmas Kaprinis, Katja Langenbucher | Private Enforcement of Investor Protection – Is Private Law up for the Challenge? A Glance at the United Kingdom 100 Jahre Rechtswissenschaft in Frankfurt (Vittorio Klostermann) | Household Finance | Published Paper | 2014 | |
| Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri Pettinicchi | Financial Education, Literacy and Investment Attitudes SAFE Working Paper No. 86 | Household Finance | SAFE Working Paper | 2015 | Financial education, Financial literacy, Planning, Investment attitudes |
| Iñaki Aldasoro, Domenico Delli Gatti, Ester Faia | Bank Networks: Contagion, Systemic Risk and Prudential Policy SAFE Working Paper No. 87 | Macro Finance | SAFE Working Paper | 2015 | banking networks, centrality metrics, systemic risk |
| Ester Faia, Beatrice Weder di Mauro | Cross-Border Resolution of Global Banks SAFE Working Paper No. 88 | Macro Finance | SAFE Working Paper | 2015 | single point of entry, multiple point of entry, strategic interaction of regulators, financial spillover, financial retrenchment |
| Julia Braun, Alfons J. Weichenrieder | Does Exchange of Information between Tax Authorities Influence Multinationals’ Use of Tax Havens? SAFE Working Paper No. 89 | Macro Finance | SAFE Working Paper | 2015 | Tax havens, tax information exchange agreements, location decisions, international taxation |
| Pinar Topal | Fiscal Stimulus and Labor Market Flexibility SAFE Working Paper No. 90 | Macro Finance | SAFE Working Paper | 2015 | fiscal policy, labour economics, labour market policies, threshold vector auto-regressive models, panel VAR, non-linear VAR, impulse analysis |
| Giuliano Curatola, Michael Donadelli, Patrick Grüning | Matching the BRIC equity premium: A structural approach Emerging Markets Review | Financial Markets | Published Paper | 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 | Published Paper | 2015 | Loss-aversion, Habit formation, Yield curve, Dividend strips, General equilibrium |
| Tobias Tröger | How Special Are They? Targeting Systemic Risk by Regulating Shadow Banks Reshaping Markets Economic Governance, the Global Financial Crisis and Liberal Utopia (Cambridge University Press) | Financial Intermediation | Published Paper | 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 Intermediation | Published Paper | 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 Intermediation | Published Paper | 2016 | capital regulation, credit crunch, financial crisis, pro-cyclicality |
| Christoph Hambel, Holger Kraft, Eduardo S. Schwartz | Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change SAFE Working Paper No. 92 | Macro Finance, Systemic Risk Lab | SAFE Working Paper | 2015 | Climate change economics, Carbon abatement, GDP growth |
| Shafik Hebous, Tom Zimmermann | Revisiting the Narrative Approach of Estimating Tax Multipliers SAFE Working Paper No. 93 | Macro Finance | SAFE Working Paper | 2015 | Narrative Approach, Fiscal Stabilization, Tax Multiplier, Weak Instruments |
| Claudia Lambert, Felix Noth, Ulrich Schüwer | How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina SAFE Working Paper No. 94 | Financial Intermediation | SAFE Working Paper | 2015 | catastrophic events, bank regulation, capital ratios, natural experiment |
| Silvia Bressan, Noemi Pace, Loriana Pelizzon | Health Status and Portfolio Choice: Is Their Relationship Economically Relevant? International Review of Financial Analysis | Household Finance, Systemic Risk Lab | Published Paper | 2014 | Household portfolios, Health status |
| Loriana Pelizzon, Marti Subrahmanyam, Davide Tomio, Jun Uno | Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina? SAFE Working Paper No. 95 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2015 | Liquidity, Credit Risk, Euro-zone Government Bonds, Financial Crisis, MTS Bond Market |
| Jens-Hinrich Binder | Banking Union and the Governance of Credit Institutions - A Legal Perspective SAFE Working Paper No. 96 | Financial Intermediation | SAFE Working Paper | 2015 | Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance |
| Axel Börsch-Supan, Alexander Ludwig | Aging in Europe: Reforms, International Diversification, and Behavioral Reactions American Economic Review Papers and Proceedings | Macro Finance | Published Paper | 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 | Published Paper | 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 | Published Paper | 2015 | dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income |
| Helmut Siekmann | The Legal Framework for the European System of Central Banks White Paper No. 26 | Macro Finance | Policy Paper | 2015 | economic and monetary union, euro, monetary policy, economic policy |
| Tobias Tröger | Corporate Groups – A German’s European Perspective German and Nordic Perspectives on Company Law and Capital Markets Law (Mohr Siebeck) | Law and Finance | Published Paper | 2015 | Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interesterest, Minority Shareholder Protection, Creditor Protection |
| Marcel Grupp, Christian Rauch, Marc Umber, Uwe Walz | The Influence of Leveraged Buyouts on Target Firms’ Competitors SAFE Working Paper No. 99 | Law and Finance | SAFE Working Paper | 2015 | Product Market Competition, Peers, LBOs, Restructuring |
| Alfons J. Weichenrieder | Stellungnahme zu den Plänen einer Erbschaftsteuerreform Policy Letter No. 39 | Macro Finance | Policy Paper | 2015 | Steuerpolitik, Erbschaftsteuer, Schenkungsteuer |
| Marcel Grupp | Taking the Lead: When Non-Banks Arrange Syndicated Loans SAFE Working Paper No. 100 | Law and Finance | SAFE Working Paper | 2015 | Non-bank lead arrangers, syndicated loans, spread premium |
| Marcel Grupp | On the Impact of Leveraged Buyouts on Bank Systemic Risk SAFE Working Paper No. 101 | Financial Intermediation | SAFE Working Paper | 2015 | Leveraged buyouts, syndicated loans, systemic risk |
| Christine Moorman, Simone Wies | Going Public: How Stock Market Participation Changes Firm Innovation Behavior Journal of Marketing Research | Financial Markets | Published Paper | 2015 | Innovation, breakthrough innovation, stock market impact, IPO, marketing-finance interface, consumer packaged goods |
| Iñaki Aldasoro, Iván Alves | Multiplex Interbank Networks and Systemic Importance: An Application to European Data SAFE Working Paper No. 102 | Macro Finance | SAFE Working Paper | 2015 | interbank networks, systemic importance, multiplex networks |
| Guido Friebel, Matthias Heinz | Media Slant Against Foreign Owners: Downsizing Journal of Public Economics | Law and Finance | Published Paper | 2014 | Media economics, Globalization, Economic xenophobia, Multi-national enterprises, Foreign direct investment |
| Volker Brühl, Helmut Gründl, Andreas Hackethal, Hans-Helmut Kotz, Jan Pieter Krahnen, Tobias Tröger | Comments on the EU Commission’s Capital Markets Union Project White Paper No. 27 | Financial Markets | Policy Paper | 2015 | Capital Markets Union, functional finance approach, level playing field, financial services |
| Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo, Roberto Rigobon | Measuring Sovereign Contagion in Europe SAFE Working Paper No. 103 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2015 | Sovereign Risk, Contagion, Disintegration |
| Sascha Baghestanian, Baptiste Massenot | Credit Cycles: Experimental Evidence SAFE Working Paper No. 104 | Macro Finance, Experiment Center | SAFE Working Paper | 2015 | - |
| Vilen Lipatov, Alfons J. Weichenrieder | A Decentralization Theorem of Taxation SAFE Working Paper No. 105 | Macro Finance | SAFE Working Paper | 2015 | fiscal federalism, taxing rights, decentralization theorem |
| Michael Haliassos | Keeping Households out of Financial Trouble Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Household Finance | Published Paper | 2015 | |
| Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen | Risk Aversion and Religion Journal of Risk and Uncertainty | Household Finance | Published Paper | 2013 | |
| Daniel Powell, Marc Steffen Rapp | Non-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany SAFE Working Paper No. 107 | Law and Finance | SAFE Working Paper | 2015 | Corporate Governance, Executive Remuneration, Say on Pay, Annual General Meeting, Germany |
| Sascha Baghestanian, Paul Gortner, Baptiste Massenot | Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis SAFE Working Paper No. 108 | Law and Finance, Experiment Center | SAFE Working Paper | 2015 | compensation, liquidity, experimental asset markets, bubbles |
| Tobias Tröger | Vertragsrechtliche Fragen negativer Zinsen auf Einlagen Neue Juristische Wochenschrift | Financial Intermediation | Published Paper | 2015 | |
| Tobias Tröger | Negative Zinsen auf Einlagen – Juristische Hindernisse und ihre wettbewerbspolitischen Auswirkungen Policy Letter No. 40 | Law and Finance | Policy Paper | 2015 | Niedrigzinsumfeld, Einlageverträge, negativer Zins |
| Jan Pieter Krahnen | Drei Thesen zur Griechenlandkrise Policy Letter No. 41 | Macro Finance | Policy Paper | 2015 | Währungsunion, Fiskalunion, Politische Union |
| Jan Pieter Krahnen | Three Theses on the Greek Crisis Policy Letter No. 42 | Macro Finance | Policy Paper | 2015 | Monetary Union, Fiscal Union, Political Union |
| Reinhard H. Schmidt | Escalating Crisis in the Eurozone: The Case for Conditional Debt Relief for Greece Policy Letter No. 43 | Macro Finance | Policy Paper | 2015 | Greek crisis, structural reforms, debt sustainability |
| Alfons J. Weichenrieder | Ein ESM Programm ist nicht zu rechtfertigen Policy Letter No. 44 | Macro Finance | Policy Paper | 2015 | Vertrag über die Arbeitsweise der EU (AEUV), ESM, Währungsunion |
| 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 | Published Paper | 2015 | Macro-anomalies, Financial autarky, Complete markets, Long-run innovations, Home bias |
| Alfons J. Weichenrieder, Fangying Xu | Are Tax Havens Good? Implications of the Crackdown on Secrecy SAFE Working Paper No. 111 | Macro Finance | SAFE Working Paper | 2015 | Tax haven, secrecy, tax information exchange, China, India |
| Shafik Hebous, Alfons J. Weichenrieder | Towards a Fiscal Union? On the Acceptability of a Fiscal Transfer System in the Eurozone White Paper No. 28 | Macro Finance | Policy Paper | 2015 | EMU, Eurozone, European unemployment insurance, fiscal transfers |
| Bettina Brüggemann, Jinhyuk Yoo | Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners SAFE Working Paper No. 113 | Macro Finance | SAFE Working Paper | 2015 | Top Income Taxation, Heterogeneous Agents, Incomplete Markets, Income and Wealth Inequality |
| Helmut Gründl, Tobias Niedrig | The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II Policy Letter No. 45 | Financial Intermediation | Policy Paper | 2015 | Life insurance companies, Coco bonds, Solvency II |
| Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Euro Area Macro-Financial Stability: A Flow-of-Funds Perspective White Paper No. 29 | Financial Intermediation, Macro Finance | Policy Paper | 2015 | Bank and non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation |
| Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Did Emergency Liquidity Assistance (ELA) of the ECB Delay the Bankruptcy of Greek Banks? Policy Letter No. 46 | Financial Intermediation, Macro Finance | Policy Paper | 2015 | emergency liquidity assistance (ELA), economic and monetary union, banking supervision, Greece |
| Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Waren die ELA-Notkredite der EZB für griechische Banken eine Konkursverschleppung? Policy Letter No. 47 | Financial Intermediation, Macro Finance | Policy Paper | 2015 | emergency liquidity assistance (ELA), Währungsunion, Bankenaufsicht, Griechenland |
| Andreas Hackethal | Financial Advice Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Household Finance | Published Paper | 2015 | |
| Helmut Siekmann | Zur Offenlegung der Bezüge von Sparkassenführungskräften im Internet White Paper No. 12 | Law and Finance | Policy Paper | 2014 | Bezüge im Bankensektor, Transparenz, Corporate Governance |
| Douglas J. Elliott, Christian Rauch | Lessons from the Implementation of the Volcker Rule for Banking Structural Reform in the European Union White Paper No. 13 | Financial Intermediation | Policy Paper | 2014 | banking separation proposals, proprietary trading ban, Dodd-Frank Act |
| Reint Gropp | How Important Are Hedge Funds in a Crisis? Policy Letter No. 23 | Financial Intermediation | Policy Paper | 2014 | systemic risk analysis, statistical risk measurement, spillover effects |
| Ester Faia | Frontiers of Sustainable Finance in Europe: The Social Impact Bond Policy Letter No. 24 | Financial Intermediation | Policy Paper | 2014 | social impact bonds, risk premia, incentives for investment |
| Michael Haliassos | The Fiscal Crisis as a Crisis in Trust Policy Letter No. 25 | Household Finance | Policy Paper | 2014 | fiscal crisis, household liquidity, economic reforms, Greece |
| Peter Gomber, Benedikt Thomas Jaeger | MiFID: Eine systematische Analyse der Zielerreichung White Paper No. 14 | Financial Markets | Policy Paper | 2014 | MiFID, Wettbewerb, Integration, Transparenz, Integrität |
| Helmut Siekmann | Europa und die Instabilität des Rechts Press Article, 2014 | Macro Finance | Policy Paper | 2014 | Europarecht, Rechtsdurchsetzung, EZB |
| Andreas Hubener, Raimond Maurer, Olivia S. Mitchell | Family Status, Social Security Claiming Options, and Life Cycle Portfolios Policy Letter No. 26 | Household Finance | Policy Paper | 2014 | life-cycle models, household savings, investment decisions |
| Cornelia Woll | Curtailing Capture through the European Banking Union: A Note of Caution Policy Letter No. 27 | Financial Intermediation | Policy Paper | 2014 | public-private relations, capture, collective action, social relations |
| Alfons J. Weichenrieder | Im Schatten der Lowflation Policy Letter No. 28 | Macro Finance | Policy Paper | 2014 | Deflation, Zentralbanken, Quantitative Lockerung |
| Otmar Issing | Monetary Policy and Balance Sheet Adjustment White Paper No. 15 | Macro Finance | Policy Paper | 2014 | recession, monetary policy, balance sheet adjustment |
| Otmar Issing | Forward Guidance: A New Challenge for Central Banks White Paper No. 16 | Macro Finance | Policy Paper | 2014 | central bank communication, monetary policy, forward guidance |
| Raimond Maurer | Den Ruhestand optimal finanzieren Press Article, 2014 | Household Finance | Policy Paper | 2014 | Alterssicherung, USA, Deutschland |
| Hermann Remsperger | Der makroprudenzielle Komplex: der Prozess, das Schloss, das Urteil White Paper No. 17 | Macro Finance | Policy Paper | 2014 | makroprudenzielle Regulierung, Finanzstabilität, Europäische Zentralbank |
| Marcel Gellings, Kai Jungbluth, Katja Langenbucher | EU Mapping: Systematic Overview on Economic and Financial Legislation White Paper No. 18 | Law and Finance | Policy Paper | 2014 | EU economic and financial services legislation |
| Andreas Hackethal, Thomas Schäfer | Anlegerschutz braucht mehr Eigenverantwortung Press Article, 2014 | Household Finance | Policy Paper | 2014 | Anlegerschutz, Bankberatung, Finanzbildung |
| Reint Gropp | Taxes, Banks and Financial Stability White Paper No. 6 | Financial Intermediation | Policy Paper | 2013 | taxes, financial institutions, tax incidence, financial stability, tax revenues, bank incentives |
| Helmut Gründl | Stellungnahme zum Entwurf eines Gesetzes zur Absicherung stabiler und fairer Leistungen für Lebensversicherte Policy Letter No. 29 | Financial Intermediation | Policy Paper | 2014 | Lebensversicherungen, Solvency II, Bewertungsreserven, Niedrigzinsphase |
| Jan Pieter Krahnen | On the European Commission’s Proposal for a Structural Reform of Banking Press Article, 2014 | Financial Intermediation | Policy Paper | 2014 | proprietary trading, banking separation proposals, Liikanen Commission |
| Tobias Tröger | Corporate Groups SAFE Working Paper No. 66 | Law and Finance | SAFE Working Paper | 2014 | Corporate Groups, Related Party Transactions, Tunneling, Corporate Governance, E.U. Corporate Law, Shareholder Rights Directive, Group Interest, Minority Shareholder Protection, Creditor Protection |
| Sascha Baghestanian, Paul Gortner, Joël van der Weele | Peer Effects and Risk Sharing in Experimental Asset Markets SAFE Working Paper No. 67 | Household Finance, Financial Markets, Experiment Center | SAFE Working Paper | 2014 | peer effects, laboratory experiments, risk taking, asset markets |
| Tobias Tröger | How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking SAFE Working Paper No. 68 | Financial Intermediation | SAFE Working Paper | 2014 | shadow banking, regulatory arbitrage, prudential supervision |
| Nina Biljanovska, Spyridon Palligkinis | Control Thyself: Self-Control Failure and Household Wealth SAFE Working Paper No. 69 | Household Finance, Macro Finance | SAFE Working Paper | 2014 | Self-Control, Household Wealth, Household Finance |
| Deyan Radev | Assessing Systemic Fragility – A Probabilistic Perspective SAFE Working Paper No. 70 | Financial Intermediation | SAFE Working Paper | 2014 | Banking Stability, Financial Distress, Tail Risk, Contagion |
| Alexander Ludwig, Matthias Schön | Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods SAFE Working Paper No. 72 | Household Finance, Macro Finance | SAFE Working Paper | 2014 | Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation |
| Max Groneck, Alexander Ludwig, Alexander Zimper | A Life-Cycle Model with Ambiguous Survival Beliefs SAFE Working Paper No. 73 | Household Finance, Macro Finance | SAFE Working Paper | 2014 | Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles |
| Günter Franke, Jan Pieter Krahnen, Thomas von Lüpke | Effective Resolution of Banks: Problems and Solutions White Paper No. 19 | Financial Intermediation | Policy Paper | 2014 | Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism (SRM), Bail-in |
| Peter Gomber, Frank Nassauer | Neuordnung der Finanzmärkte in Europa durch MiFID II/MiFIR White Paper No. 20 | Financial Markets | Policy Paper | 2014 | MiFID II, MiFIR, Derivatehandel, Hochfrequenzhandel |
| Michael Haliassos | National Strategic Framework for Research and Innovation 2014 - 2020 White Paper No. 21 | Macro Finance | Policy Paper | 2014 | Greece, growth, innovation |
| Jan Pieter Krahnen | Keine Institutionenkonkurrenz auf nationaler Ebene schaffen: das „doppelte AIDA“-Modell Policy Letter No. 30 | Macro Finance | Policy Paper | 2014 | Bankenaufsicht, Bankenabwicklung, Bundesbank, Bafin |
| Martin Götz | Stellungnahme zum Entwurf eines Gesetzes zur Umsetzung der Richtlinie 2014/59/EU (BRRD-Umsetzungsgesetz) Policy Letter No. 31 | Financial Intermediation | Policy Paper | 2014 | Bankenabwicklung, Restrukturierung, Bail-in, SoFFin |
| Shafik Hebous, Alfons J. Weichenrieder | What Do We Know about the Tax Planning of German-Based Multinational Firms? White Paper No. 22 | Macro Finance | Policy Paper | 2014 | taxation, foreign direct investment, multinational firms |
| Viral Acharya, Sascha Steffen | Making Sense of the Comprehensive Assessment Policy Letter No. 32 | Financial Intermediation | Policy Paper | 2014 | Asset Quality Review, Single Supervisy Mechanism, European Central Bankor |
| Sascha Steffen | Robustness, Validity, and Significance of the ECB’s Asset Quality Review and Stress Test Exercise White Paper No. 23 | Financial Intermediation | Policy Paper | 2014 | Stress Test, Comprehensive Assessment, Asset Quality Review, European Central Bank, European Banking Authority, Single Supervisory Mechanism |
| Nicole Branger, Patrick Konermann, Christoph Meinerding, Christian Schlag | Equilibrium Asset Pricing in Directed Networks SAFE Working Paper No. 74 | Financial Markets, Systemic Risk Lab | SAFE Working Paper | 2014 | Dynamic Networks, Mutually Exciting Processes, Asset Pricing, General Equilibrium, Recursive Preferences |
| Magdalena Ignatowski, Josef Korte | Resolution Threats and Bank Discipline – What Europe Can Learn for the Single Resolution Mechanism from U.S. Experience Policy Letter No. 33 | Financial Intermediation | Policy Paper | 2014 | risk-taking, bank resolution regimes, USA, Europe |
| Craig Lewis, Christian Schlag | What Does U.S. Money Market Mutual Fund Reform Portend for the European Union? White Paper No. 24 | Financial Markets | Policy Paper | 2014 | money market funds, liquidity runs, floating net asset value (FNAV) |
| Markus Behn, Rainer Haselmann, Vikrant Vig | The Limits of Model-Based Regulation SAFE Working Paper No. 75 | Financial Intermediation | SAFE Working Paper | 2014 | capital regulation, internal ratings, Basel regulation |
| Iñaki Aldasoro, Ester Faia | The Fiscal Compact and Government Debt: One Law, Multiple Statistics Policy Letter No. 22 | Macro Finance | Policy Paper | 2014 | government debt, statistics, Fiscal Compact |
| Jan Pieter Krahnen | Bail-In jetzt richtig umsetzen Policy Letter No. 34 | Financial Intermediation | Policy Paper | 2014 | total loss absorbing capacity (TLAC), nachrangiges Fremdkapital, too big to fail, bail-in |
| Jan Pieter Krahnen | Implementing Bail-In Properly Policy Letter No. 35 | Financial Intermediation | Policy Paper | 2014 | total loss absorbing capacity (TLAC), too big to fail, bail-in |
| Alfons J. Weichenrieder | PPPs: Umgehung von Defizitregeln oder höhere Effizienz im Staatssektor? Policy Letter No. 36 | Macro Finance | Policy Paper | 2014 | Schuldenbremse, Defizitregeln, Private Public Partnership (PPP) |
| Benjamin Born, Gernot J. Müller, Johannes Pfeifer | Does Austerity Pay Off? SAFE Working Paper No. 77 | Macro Finance | SAFE Working Paper | 2014 | Fiscal policy, austerity, sovereign risk, yield spreads, confidence, panel VAR, local projections, fiscal stress |
| Harris Dellas, Dirk Niepelt | Austerity SAFE Working Paper No. 78 | Macro Finance | SAFE Working Paper | 2014 | Austerity, credit rationing, default, incomplete information, investment, growth, pooling equilibrium, separating equilibrium |
| Òscar Jordà, Alan M. Taylor | The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy SAFE Working Paper No. 79 | Macro Finance | SAFE Working Paper | 2014 | fiscal multipliers, booms, slumps, output fluctuations, allocation bias, matching, Rubin Causal Model, average treatment effect, propensity score, inverse probability weighting, regression adjustment, local projection, identification |
| Enrique G. Mendoza, Linda L. Tesar, Jing Zhang | Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies SAFE Working Paper No. 80 | Macro Finance | SAFE Working Paper | 2014 | European debt crisis, tax competition, capacity utilization, fiscal austerity |
| Jens-Hinrich Binder | Resolution Planning and Structural Bank Reform within the Banking Union SAFE Working Paper No. 81 | Financial Intermediation | SAFE Working Paper | 2015 | Bank Resolution, Resolution Planning, Living Wills, Structural Bank Reform, Banking Union |
| Patrick Grüning | International Endogenous Growth, Macro Anomalies, and Asset Prices SAFE Working Paper No. 83 | Financial Markets | SAFE Working Paper | 2015 | Innovation, Product Market Competition, Endogenous Growth, Long-run Risk, International Finance |
| Alfons J. Weichenrieder | Austerity and Growth – Concepts for Europe SAFE Policy Letter Collection No. 1, 2015 | Macro Finance | Policy Paper | 2015 | Fiscal Consolidation, Sovereign Debt, Growth |
| Matthias Thiemann | The Regulation of Repo Markets: Incorporating Public Interest through a Stronger Role of Civil Society White Paper No. 25 | Financial Markets | Policy Paper | 2015 | Repo Markets, Shadow Banking, Non-governmental Organizations |
| Otmar Issing | Die letzte Waffe - Helicopter Money? Press Article, 2015 | Macro Finance | Policy Paper | 2015 | Quantitative Easing, European Central Bank, Geldpolitik |
| 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 SAFE Working Paper No. 84 | Household Finance | SAFE Working Paper | 2015 | Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension |
| Volker Wieland, Maik Wolters | Zwei Makrooekonomen gewinnen den Nobelpreis Policy Letter No. 04, 2012 | Macro Finance | Policy Paper | 2012 | makroökonomische Konjunkturforschung, vektorautoregressive Modelle, monetäre Makroökonomik |
| Volker Wieland, Maik Wolters | Macroeconomic Model Comparisons and Forecast Competition Policy Letter No. 03, 2012 | Macro Finance | Policy Paper | 2012 | macroeconomic models, financial models, forecasting |
| Helmut Siekmann, Volker Wieland | Schlechte Erfahrungen Policy Letter No. 02, 2012 | Financial Intermediation | Policy Paper | 2012 | Finanztransaktionssteuer, Bankenaufsicht |
| Helmut Siekmann, Patrick Tuschl | Constitutional Ruling on Court of Auditors’ Review of Banks Policy Letter No. 01, 2012 | Law and Finance | Policy Paper | 2012 | fiscal responsibility, control by Court of Auditors |
| Helmut Gründl | Stellungnahme zum Gesetzentwurf der Bundesregierung: Finanzkonglomerate-Aufsichtsgesetz Policy Letter No. 7 | Financial Intermediation | Policy Paper | 2013 | Finanzkonglomerate; Eigenmittelanforderungen; Aufsichtsbehörde; BaFin; Bundesbank |
| Athanasios Orphanides | What Happened in Cyprus Policy Letter No. 6 | Macro Finance | Policy Paper | 2013 | financial crisis, troika, Cyprus |
| Hans-Joachim Böcking, Marius Gros, Daniel Worret | Stellungnahme zu aktuellen Formulierungsvorschlägen für Änderungen am Deutschen Corporate Governance Kodex Policy Letter No. 5 | Law and Finance | Policy Paper | 2013 | Deutscher Corporate Governance Kodex, Financial Expert, Prüfungsausschuss, Vorstandsvergütung, Aufsichtsratsvergütung |
| Jan Pieter Krahnen, Thomas Mayer | Managementvergütung im Bankensektor Policy Letter No. 4 | Law and Finance | Policy Paper | 2013 | Boni, Bail-in Anleihen, Liikanen-Kommission |
| Andreas Hackethal, Jan Pieter Krahnen | Kommentierung des “Entwurf eines Gesetzes zur Abschirmung von Risiken und zur Planung der Sanierung and Abwicklung von Kreditinstituten und Finanzgruppen” Policy Letter No. 3 | Financial Intermediation | Policy Paper | 2013 | Handelsgeschäft, Einlagengeschäft, Risiko |
| Helmut Gründl | Beteiligung der Versicherungsnehmer an den Bewertungsreserven in der Lebensversicherung Policy Letter No. 2 | Financial Intermediation | Policy Paper | 2013 | Lebensversicherungen, Garantiezins, Bewertungsreserven |
| Michael Haliassos | Salary Cuts and Competitiveness Policy Letter No. 1 | Macro Finance | Policy Paper | 2013 | Greek economic crisis, productivity, structural reforms |
| Theodor Baums | Die gerichtliche Kontrolle von Beschlüssen der Gläubigerversammlung White Paper No. 7, 2008 | Law and Finance | Policy Paper | 2008 | Gläubigerversammlung |
| Theodor Baums | Zur monistischen Verfassung der deutschen Aktiengesellschaft. Überlegungen de lege ferenda White Paper No. 6, 2008 | Law and Finance | Policy Paper | 2008 | Corporate Governance, Unternehmensverfassung |
| Theodor Baums, Florian Drinhausen | Zur Anfechtung von Hauptversammlungsbeschlüssen - rechtspolitische Vorschläge White Paper No. 5, 2008 | Law and Finance | Policy Paper | 2008 | Anfechtungsklage |
| Katrin Assenmacher-Wesche, Stefan Gerlach | Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy and Asset Prices White Paper No. 4, 2008 | Macro Finance | Policy Paper | 2008 | asset prices, monetary policy, panel VAR |
| Jan Pieter Krahnen | Stellungnahme zum Referentenentwurf "Risikobegrenzungsgesetz" White Paper No. 2, 2008 | Law and Finance | Policy Paper | 2008 | Corporate Governance, Finanzinnovationen |
| Theodor Baums | Europäische Modellgesetze im Gesellschaftsrecht White Paper No. 1, 2008 | Law and Finance | Policy Paper | 2008 | Modellgesellschaftsgesetze |
| Theodor Baums | Zur Deregulierung des Depotstimmrechts White Paper No. 2, 2007 | Law and Finance | Policy Paper | 2007 | Depotstimmrecht |
| Theodor Baums | The Law of Corporate Finance in Europe - an Essay White Paper No. 1, 2007 | Law and Finance | Policy Paper | 2007 | corporate finance |
| Jan Pieter Krahnen, Theodor Weimer | Die Auswirkungen von Regulierung auf Bankverhalten und Wettbewerb Policy Letter No. 12 | Financial Intermediation | Policy Paper | 2013 | Bail-in Anleihen, Banken, Regulierung, Liikanen-Kommission |
| Roman Beck, Wolfgang König, Immanuel Pahlke, Martin Wolf | Mindfully Resisting the Bandwagon – IT Implementation and Its Consequences in the Financial Crisis Policy Letter No. 10 | Financial Markets | Policy Paper | 2013 | IT innovations, financial services |
| Jens Gal, Helmut Gründl | Own Risk and Solvency Assessment Within the Solvency II Framework and its Interplay with the Quantitative Solvency Capital Requirements Policy Letter No. 11 | Financial Intermediation | Policy Paper | 2013 | Insurance, Solvency II, Own Risk and Solvency Assessment |
| Helmut Siekmann, Volker Wieland | The European Central Bank’s Outright Monetary Transactions and the Federal Constitutional Court of Germany White Paper No. 4 | Macro Finance | Policy Paper | 2013 | ECB, OMT, monetary policy, fiscal policy |
| Dilek Bülbül, Reinhard H. Schmidt, Ulrich Schüwer | Savings Banks and Cooperative Banks in Europe White Paper No. 5 | Financial Intermediation | Policy Paper | 2013 | national systems of local banks, bank competition, performance indicators |
| Elke König | Gesprächsreihe zu Strukturreformen im europäischen Bankensektor: Wiederherstellung privater Haftung und die zukünftige Rolle der Aufsicht Policy Letter No. 13 | Financial Intermediation | Policy Paper | 2013 | Bail-in Anleihen, Banken, Aufsicht, Liikanen-Kommission |
| Otmar Issing | Challenges for Monetary Policy White Paper No. 7 | Macro Finance | Policy Paper | 2013 | ECB, OMT, central banking |
| Jan Pieter Krahnen | Rettung durch Regulierung? Eckpunkte des Liikanen-Berichts White Paper No. 8 | Financial Intermediation | Policy Paper | 2013 | Liikanen-Kommission, Bail-in, Trennbanken, Bankenunion |
| Tobias Tröger | Der einheitliche Abwicklungsmechanismus – Europäisches Allheilmittel oder weiße Salbe? Policy Letter No. 14 | Financial Intermediation | Policy Paper | 2013 | Bankenunion, SRM, Abwicklungsinstrumente, Bail-in |
| Hans-Joachim Böcking, Marius Gros, Daniel Worret | Commentary on ESMA Guidelines on Enforcement of Financial Information Policy Letter No. 15 | Law and Finance | Policy Paper | 2013 | Enforcement, ESMA, financial reporting quality, restatements |
| Jan Pieter Krahnen | Rescue by Regulation? Key Points of the Liikanen Report White Paper No. 9 | Financial Intermediation | Policy Paper | 2013 | Liikanen Commission, Bail-in, Banking Separation, Banking Union |
| Jan Pieter Krahnen | Designing the Funding Side of the Single Resolution Mechanism (SRM): A Proposal for a Layered Scheme with Limited joint Liability White Paper No. 10 | Financial Intermediation | Policy Paper | 2013 | Banking Union, Single Resolution Mechanism |
| Jan Pieter Krahnen | A Big Bang for Banking in Europe Policy Letter No. 16 | Financial Intermediation | Policy Paper | 2013 | comprehensive assessment, banking supervision, euro area |
| Peter Gomber, Martin Haferkorn, Kai Zimmermann | Securities Transaction Tax in France: Impact on Market Quality and Inter-Market Price Coordination White Paper No. 11 | Financial Intermediation | Policy Paper | 2014 | financial transaction tax, market fragmentation, speculative trading, market quality |
| Jan Pieter Krahnen | Finanzmärkte: Mut zu radikaler Ordnungspolitik Policy Letter No. 17 | Financial Intermediation | Policy Paper | 2013 | Finanzkrise, Bankenunion, Regulierung, Ordnungspolitik |
| Ester Faia | Surveillance of peer to peer payment systems and peer to peer lending platforms Policy Letter No. 18 | Financial Intermediation | Policy Paper | 2014 | financial innovation, peer to peer payment systems, Bitcoin, regulation |
| Ester Faia | Politically Acceptable Debt Restructuring in the Euro Zone: Is it Really Better than the Redemption Fund? Policy Letter No. 19 | Macro Finance | Policy Paper | 2014 | public debt, debt restructuring |
| Alfons J. Weichenrieder | Energiewende, Butterberge und das Kiwi-in-Grönland-Problem Policy Letter No. 20 | Macro Finance | Policy Paper | 2014 | Erneuerbare-Energien-Gesetz, Energiewende, Steuergelder |
| Otmar Issing, Jan Pieter Krahnen | Transcript of a Hearing before Members of the House of Lords (UK) in Frankfurt on Genuine Economic and Monetary Union and its Implication for the UK Policy Letter No. 21 | Macro Finance | Policy Paper | 2014 | Monetary Union, European Central Bank, Outright Monetary Transactions, UK |
| Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Recommendations by the Issing Commission – Memo for the G-20 November 2011 Summit in Cannes White Paper No. 04, 2012 | Financial Intermediation | Policy Paper | 2012 | shadow banking, systemic risk analysis, regulatory arbitrage |
| Peter Gomber | High-Frequency-Trading: Zwischen Nutzeffekten und Risiken Press Article No. 8, 2011 | Financial Markets | Policy Paper | 2011 | Wertpapiermärkte, High Frequency Trading, Regulierung |
| Helmut Siekmann | Stellungnahme zum Entwurf eines Zweiten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes White Paper No. 03, 2012 | Financial Intermediation | Policy Paper | 2012 | Finanzmarktrecht, BaFin, FMSA |
| Reinhard H. Schmidt | Ein Plädoyer für Banken-Vielfalt Press Article No. 5, 2011 | Financial Intermediation | Policy Paper | 2011 | Drei-Säulen-System, Bankensektor, Finanzkrise |
| Alfons J. Weichenrieder | Das Prinzip der Selbstbindung Press Article No. 3, 2011 | Macro Finance | Policy Paper | 2011 | Schuldenbremse, Haushaltspolitik, Staatsverschuldung |
| Volker Wieland | Next Hike End of 2014: FOMC Matches Historical Responses to Member’s Forecasts and Risks Repeating Earlier Mistakes White Paper No. 02, 2012 | Macro Finance | Policy Paper | 2012 | federal funds rate, interest rates, inflation forecasts |
| Stefan Gerlach | Europas Staaten brauchen Stresstests Press Article No. 2, 2011 | Macro Finance | Policy Paper | 2011 | Stabilitäts- und Wachstumspakt, Fiskalpolitik |
| Theodor Baums, Roland Schmidtbleicher | Neues Schuldverschreibungsrecht und Altanleihen White Paper No. 01, 2012 | Law and Finance | Policy Paper | 2012 | Collective Action Clauses, Anleihen, Umstrukturierung |
| Stefan Gerlach | Notenbanker müssen zunehmend Finanzmarkterfahrung haben Press Article No. 1, 2011 | Macro Finance | Policy Paper | 2011 | Ernennungspraxis von Zentralbankern, Finanzfachkenntnis, moderne Notenbanker |
| Hans-Joachim Böcking, Marius Gros, Christoph Wallek, Daniel Worret | Das Grünbuch der EU-Kommission „Weiteres Vorgehen im Bereich der Abschlussprüfung: Lehren aus der Krise“ – Eine Auswertung der Stellungnahmen des Konsultationsprozesses White Paper No. 12, 2011 | Law and Finance | Policy Paper | 2011 | Abschlussprüfung, Finanzkrise, EU Grünbuch, Konsultationsprozess |
| Günter Franke, Jan Pieter Krahnen | Ein staatliches Hospital für kranke Banken Press Article No. 2, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Bankenhospital |
| Volker Wieland | Dem Druck standhalten Press Article No. 3, 2009 | Macro Finance | Policy Paper | 2009 | Geldpolitik, EZB |
| Hans-Joachim Böcking, Marius Gros, Christoph Wallek, Daniel Worret | Analysis of the EU Consultation on the Green Paper “Audit Policy: Lessons from the Crisis” White Paper No. 11, 2011 | Law and Finance | Policy Paper | 2011 | Audit Policy, Financial Crisis, EU Green Paper, Consultation Process |
| Stefan Gerlach | Can Monetary Policy Really be Used to Stabilise Asset Prices? Policy Letter No. 1, 2008 | Macro Finance | Policy Paper | 2008 | monetary policy, asset prices |
| Volker Wieland | Eurozone Stimulus: A Myth, Some Facts, and Estimates Policy Letter No. 2, 2009 | Macro Finance | Policy Paper | 2009 | fiscal stimulus packages |
| Theodor Baums, Florian Drinhausen, Astrid Keinath | Anfechtungsklagen und Freigabeverfahren. Eine empirische Studie White Paper No. 10, 2011 | Law and Finance | Policy Paper | 2011 | Aktionärsrechte, Berufskläger, Anlegerschutz |
| Volker Wieland | "Neue" Regeln für die Notenbanken? Policy Letter No. 1, 2009 | Macro Finance | Policy Paper | 2009 | Geldpolitik, Taylor-Regel |
| Helmut Siekmann | Law and Economics of the Monetary Union White Paper No. 9, 2011 | Macro Finance | Policy Paper | 2011 | Euro, sovereign debt crisis, legal foundations |
| Helmut Siekmann | Das neue System der Europäischen Finanzmarktaufsicht White Paper No. 8, 2011 | Financial Intermediation | Policy Paper | 2011 | Regulierung, Finanzaufsicht, Systemrisiken |
| Hans-Helmut Kotz, Jan Pieter Krahnen, Christian Leuz, Helmut Siekmann | Eurobonds zur Bewältigung der europäischen Krise? Wegweisung zu einer modernen Entwicklungsunion White Paper No. 7, 2011 | Macro Finance | Policy Paper | 2011 | Eurobonds, Staatsschuldenkrise, Europäische Union |
| Hans-Joachim Böcking, Marius Gros | Comment on the European Commission's Green Paper "Audit Policy: Lessons from the Crisis" Policy Letter No. 16, 2010 | Law and Finance | Policy Paper | 2010 | audit quality, expectation gap, regulation |
| Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | On a Fundamental Reorganisation of the Landesbanks and Savings Banks Sector in Germany White Paper No. 2, 2011 | Financial Intermediation | Policy Paper | 2011 | Landesbanks and savings banks sector; public law financial system |
| Stefan Gerlach | Strengthening the Institutional Underpinnings of the Euro Policy Letter No. 14, 2010 | Macro Finance | Policy Paper | 2010 | Stability and Growth Pact, fiscal policy, public debt |
| Theodor Baums | Unternehmen und Ethik Policy Letter No. 13, 2010 | Law and Finance | Policy Paper | 2010 | Rechtsnormen, ethische Normen, Wirtschaftsverfassung |
| Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | Streitschrift für eine grundlegende Neuordnung des Sparkassen- und Landesbankensektors in Deutschland White Paper No. 1, 2011 | Financial Intermediation | Policy Paper | 2011 | Sparkassen- und Landesbankensektor, öffentlich rechtlicher Finanzsektor |
| Hermann Remsperger | Basel III: Unvollendet, aber nicht allein Policy Letter No. 12, 2010 | Financial Intermediation | Policy Paper | 2010 | Basel III, Eigenkapital, Finanzkrise, Insolvenzordnung |
| Stefan Gerlach, Peter Tillmann | Inflation Targeting Matters in Asia Policy Letter No. 11, 2010 | Macro Finance | Policy Paper | 2010 | inflation targeting |
| Stefan Gerlach, Peter Tillmann | Inflation Targeting: In Asien besonders erfolgreich Policy Letter No. 10, 2010 | Macro Finance | Policy Paper | 2010 | inflation targeting |
| Stefan Gerlach | Makroprudentielle Politik zur Stabilisierung der Finanzmärkte Policy Letter No. 9, 2010 | Macro Finance | Policy Paper | 2010 | makroprudentielle Instrumente, Regulierung |
| Volker Wieland | Liquidity Management and the Reform of the International Monetary System White Paper No. 4, 2011 | Macro Finance | Policy Paper | 2011 | international monetary system, reserve currencies, liquidity |
| Björn Arndt, Peter Gomber, Marco Lutat, Tim Uhle | High Frequency Trading White Paper No. 3, 2011 | Financial Markets | Policy Paper | 2011 | algorithmic trading, high-frequency trading, regulation |
| Theodor Baums | Report of the Reflection Group on the Future of EU Company Law White Paper No. 5, 2011 | Law and Finance | Policy Paper | 2011 | EU-harmonization, corporate governance, regulation, cross-border mobility |
| Michael Haliassos, Dimitri Vayanos | Getting Greece Back on Track: How? White Paper No. 6, 2011 | Macro Finance | Policy Paper | 2011 | financial crisis, structural reforms, productivity |
| Stefan Gerlach | A Credible Stability and Growth Pact: Raising the Bar for Budgetary Transparency Policy Letter No. 5, 2010 | Macro Finance | Policy Paper | 2010 | public debt, ECB |
| Volker Wieland | How to be a good European... Policy Letter No. 4, 2010 | Macro Finance | Policy Paper | 2010 | Schuldenkrise |
| Stefan Gerlach | G20 and Macroprudential Policy Policy Letter No. 3, 2010 | Macro Finance | Policy Paper | 2010 | At the upcoming G20 meetings the issue what can be done to avoid a repetition of the current deep financial crisis will again be debated. Much attention and criticism will be directed to central banks. That is unavoidable: central banks must never again p |
| Stefan Gerlach | EU Economic Governance White Paper No. 26, 2010 | Macro Finance | Policy Paper | 2010 | Stability and Growth Pact, Excessive Imbalance Procedure, national fiscal frameworks |
| Volker Wieland | The Fiscal Stimulus Debate "Bone-Headed" and "Neanderthal"? Policy Letter No. 3, 2009 | Macro Finance | Policy Paper | 2009 | fiscal policy, new Keynesian macroeconomic models |
| Stefan Gerlach, Emilie Yoo | Zur Stärkung der Deutschen Bundesbank Policy Letter No. 1, 2010 | Macro Finance | Policy Paper | 2010 | Die zum Ende April 2010 frei werdenden zwei Vorstandsposten in der Deutschen Bundesbank haben bereits Anfang des Jahres eine lebhafte Debatte über mögliche Kandidaten ausgelöst. Die Diskussion über eine weitaus wesentlichere Frage, nämlich welche fachlich |
| Peter Gomber, Markus Gsell, Marco Lutat | Competition Among Electronic Markets and Market Quality White Paper No. 25, 2010 | Financial Markets | Policy Paper | 2010 | MiFID, market fragmentation,liquidity |
| Theodor Baums | Low Balling, Creeping In und deutsches Übernahmerecht White Paper No. 24, 2010 | Law and Finance | Policy Paper | 2010 | feindliche Übernahme, Hauptversammlungsmehrheit, Meldepflichten |
| Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Recommendations by the Issing Commission - Memo for the G-20 Summit in Seoul White Paper No. 23, 2010 | Financial Intermediation | Policy Paper | 2010 | Basel III, systemic risk, liquidity support |
| Peter Gomber, Axel Pierron | MiFID - Spirit and Reality of a European Financial Markets Directive White Paper No. 22, 2010 | Financial Markets | Policy Paper | 2010 | MiFID, regulation, securities trading |
| Stefan Gerlach | Asset Prices and Monetary Policy: Some Skeptical Observations White Paper No. 9, 2009 | Macro Finance | Policy Paper | 2009 | monetary policy, macroecomomic fluctuations, regulation |
| Jan Pieter Krahnen, Helmut Siekmann | Stellungnahme zum "Restrukturierungsgesetz" White Paper No. 20, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Restruktuierung, Abwicklung |
| Stefan Gerlach, Alexander Schulz, Guntram B. Wolff | Banking and Sovereign Risk in the Euro Area White Paper No. 19, 2010 | Macro Finance | Policy Paper | 2010 | sovereign bond markets, banking, liquidity, EMU |
| Theodor Baums | Managerhaftung und Verjährungsfrist White Paper No. 17, 2010 | Law and Finance | Policy Paper | 2010 | Organhaftungsregeln, Verjährungsfristen |
| Helmut Siekmann | Die Finanzmarktaufsicht in der Krise White Paper No. 16, 2010 | Financial Intermediation | Policy Paper | 2010 | Finanzmarktaufsicht, Ratingagenturen, Abwicklung |
| Helmut Siekmann | Ursachen, Auswirkungen und Lehren der Finanzkrise: Eine systematische Bestandsaufnahme White Paper No. 15, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Finanzaufsicht |
| Otmar Issing, Jan Pieter Krahnen | Criteria for a Workable Approach Towards Bank Levies and Bank Restructuring White Paper No. 14, 2010 | Financial Intermediation | Policy Paper | 2010 | systemic risk, bank resolution |
| Stefan Gerlach | The Greek Sovereign Debt Crisis and ECB Policy White Paper No. 12, 2010 | Macro Finance | Policy Paper | 2010 | public debt, ECB |
| Stefan Gerlach | Are the Golden Years of Central Banking Over? Monetary Policy after the Crisis White Paper No. 10, 2010 | Macro Finance | Policy Paper | 2010 | monetary policy, public debt, central banks |
| Theodor Baums | Risiko und Risikosteuerung im Aktienrecht White Paper No. 9, 2010 | Law and Finance | Policy Paper | 2010 | Risikomanagement, Vorstandspflichten |
| Günter Franke, Jan Pieter Krahnen | Die Rolle von Anreizen für die Zukunfts der Kreditverbriefung White Paper No. 5, 2009 | Financial Intermediation | Policy Paper | 2009 | Kreditverbriefung, Agency Theorie, Vergütungssysteme |
| Stefan Gerlach | The Risk of Deflation White Paper No. 4, 2009 | Macro Finance | Policy Paper | 2009 | deflation, monetary policy, fiscal policy |
| Stefan Gerlach | Future Development of Global Imbalances White Paper No. 4, 2010 | Macro Finance | Policy Paper | 2010 | current account balances, international monetary system, G20 |
| Jan Pieter Krahnen, Helmut Siekmann | Rescue Strategy Without Moral Hazard – An Attempt to Provide a Master Plan for Avoiding Banking Crises White Paper No. 3, 2010 | Financial Intermediation | Policy Paper | 2010 | systemic risk, banking hospital |
| Jan Pieter Krahnen, Helmut Siekmann | Rettungsstrategie ohne Moral Hazard – Versuch eines Gesamtkonzepts zur Bankkrisenvermeidung White Paper No. 2, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Bankenhospital |
| Theodor Baums | Die Unabhängigkeit des Vergütungsberaters White Paper No. 1, 2010 | Law and Finance | Policy Paper | 2010 | Corporate Governance-Kodex, Vergütungsberater |
| Stefan Gerlach | Defining and Measuring Systemic Risk White Paper No. 8, 2009 | Financial Intermediation | Policy Paper | 2009 | systemic risk, statistical risk measurement |
| Helmut Siekmann | Stabilisierung der WestLB AG durch Garantien des Landes NRW White Paper No. 7, 2009 | Financial Intermediation | Policy Paper | 2009 | Landesbanken |
| Helmut Siekmann | Die Neuordnung der Finanzmarktaufsicht White Paper No. 6, 2009 | Financial Intermediation | Policy Paper | 2009 | Finanzmärkte, Rechtsordnung |
| Gregor Bachmann, Theodor Baums, Mathias Habersack, Martin Henssler, Marcus Lutter, Hartmut Oetker, Peter Ulmer | Entwurf einer Regelung zur Mitbestimmungsvereinbarung und zur Größe des mitbestimmten Aufsichtsrats White Paper No. 3, 2009 | Law and Finance | Policy Paper | 2009 | Mitbestimmungsrecht |
| Helmut Siekmann | Die Schaffung von Einrichtungen der Finanzaufsicht auf EU-Ebene White Paper No. 2, 2009 | Financial Intermediation | Policy Paper | 2009 | Gemeinschaftsagenturen, Finanzmarktaufsicht |
| Theodor Baums | Anschleichen an Übernahmeziele mittels Cash Settled Equity Derivaten - ein Regelungsvorschlag |