Financial Intermediation
The Financial Intermediation department focuses on the role of intermediaries in the capital market, in particular banks and insurance companies, but also little or non-regulated market participants ("shadow banks") and their "off-balance-sheet" activities. Research focuses on the supervision and regulation of banks (e.g., liquidity regulation), the role of banks in the transmission of monetary policy into the real economy (e.g., the willingness to take risks at low-interest rates), the importance of safe investments in banking, or the consequences of digitalization and the green transformation for the business models of financial intermediaries.
In early March 2023, the failure of the U.S. Silicon Valley Bank brought back memories of the 2008 financial market crisis. SAFE Director and Department Director of Financial Intermediation at SAFE, Florian Heider, calls the bankruptcy “a wake-up call for Europe's banking regulation.” However, he emphasized that European financial market stability has improved significantly over the past fifteen years.
In SAFE Policy Letter No. 98, SAFE researchers proposed regulatory changes to minimize risks posed by bank runs which was also base of the SAFE-CEPR Web Seminar on 3 April.
Publications
| Author/s | Title | Program Area | Type | Published | Keywords |
|---|---|---|---|---|---|
| Reint Gropp, Andre Guettler | Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition Journal of Banking & Finance | Financial Intermediation, Transparency Lab | Published Paper | 2018 | soft information, discretionary lending, relationship lending, competition |
| Rainer Haselmann, Vikrant Vig | The Limits of Model-Based Regulation | Financial Intermediation | Published Paper | 2022 | capital regulation, internal ratings, Basel regulation |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing forthcoming in Information Systems Research | Financial Intermediation, Experiment Center | Published Paper | 2023 | XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency |
| Giuliano Curatola | Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? Journal of Financial Stability | Financial Intermediation | Published Paper | 2021 | |
| Jens-Hinrich Binder | Banking Union and the Governance of Credit Institutions - A Legal Perspective European Business Organization Law Review | Financial Intermediation, Law and Finance | Published Paper | 2015 | Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance |
| Aljoscha Janssen, Johannes Kasinger | Obfuscation and Rational Inattention forthcoming in The Journal of Industrial Economics | Financial Intermediation, Financial Markets | Published Paper | 2023 | Rational Inattention, Obfuscation, Price Competition, Digitalized Markets |
| Deyan Radev | Assessing Systemic Fragility – A Probabilistic Perspective Journal of Risk | Financial Intermediation | Published Paper | 2022 | Banking Stability, Financial Distress, Tail Risk, Contagion |
| Claudia Lambert, Felix Noth, Ulrich Schüwer | How do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act Journal of Financial Intermediation | Financial Intermediation | Published Paper | 2017 | financial crisis, deposit insurance, bank regulation |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Please Take Over: XAI, Delegation of Authority, and Domain Knowledge SAFE Working Paper No. 394 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2023 | |
| Felix Noth, Ulrich Schüwer | Natural Disaster and Bank Stability: Evidence from the U.S. Financial System Journal of Environmental Economics and Management | Financial Intermediation, Systemic Risk Lab | Published Paper | 2023 | natural disasters, bank stability, non-performing assets, bank performance |
| Florian Heider, Jan Pieter Krahnen, Loriana Pelizzon, Jonas Schlegel, Tobias Tröger | European lessons from Silicon Valley Bank resolution: A plea for a comprehensive demand deposit protection scheme (CDDPS) Policy Letter No. 98 | Financial Intermediation, Financial Markets | Policy Paper | 2023 | European Deposit protection scheme |
| Angela Maddaloni | Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds SAFE Working Paper No. 385 | Financial Intermediation | SAFE Working Paper | 2023 | |
| Fincap Team | Non-Standard Errors forthcoming in Journal of Finance | Financial Intermediation, Financial Markets | Published Paper | 2023 | non-standard errors, multi-analyst approach, liquidity |
| Anastasia Kotovskaia, Tobias Tröger | National Interests and Supranational Resolution in the European Banking Union European Business Law Review | Financial Intermediation, Law and Finance, Financial Markets | Published Paper | 2023 | SRB, SRF, bank resolution, banking union, bail-in, ESM, national interest, political economy, bureaucrats’ incentives |
| Carsten Bienz, Karin Thorburn, Uwe Walz | Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers Journal of Financial Intermediation | Financial Intermediation | Published Paper | 2023 | Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth |
| Bernd Freisleben, Oliver Hinz, Katharina Keller, Anja Klein, Bernd Simon, Artur Sterz | A Multi-Stakeholder Modeling Framework for the Techno-Economic Analysis of Telecommunication Networks IEEE Communications Magazine | Financial Intermediation | Published Paper | 2023 | |
| Riccardo Calcagno, Florian Heider | Stock-Based Pay, Liquidity, and the Role of Market Making Journal of Economic Theory | Financial Intermediation | Published Paper | 2021 | |
| Florian Heider, Farzad Saidi, Glenn Schepens | Banks and Negative Interest Rates Annual Review of Financial Economics | Financial Intermediation | Published Paper | 2021 | |
| Bruno Biais, Florian Heider, Marie Hoerova | Variation Margins, Fire Sales, and Information-constrained Optimality Review of Economic Studies | Financial Intermediation | Published Paper | 2021 | |
| Florian Heider, Farzad Saidi, Glenn Schepens | Life Below Zero: Bank Lending Under Negative Policy Rates Review of Financial Studies | Financial Intermediation | Published Paper | 2019 | |
| Carlos Garcia-de-Andoain, Florian Heider, Simone Manganelli | Lending-of-Last-Resort is as Lending-of-Last-Resort Does: Central Bank Liquidity Provision and Interbank Market Functioning in the Euro Area Journal of Financial Intermediation | Financial Intermediation | Published Paper | 2016 | |
| Bruno Biais, Florian Heider, Marie Hoerova | Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins Journal of Finance | Financial Intermediation | Published Paper | 2016 | |
| Florian Heider, Alexander Ljungqvist | As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes Journal of Financial Economics | Financial Intermediation | Published Paper | 2015 | |
| Florian Heider, Marie Hoerova, Cornelia Holthausen | Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk Journal of Financial Economics | Financial Intermediation | Published Paper | 2015 | |
| Franco Fiordelisi, Giulia Fusi, Angela Maddaloni, David Marqués-Ibáñez | Pandemic Lending: Micro and Macro Effects of Model-Based Regulation SAFE Working Paper No. 374 | Financial Intermediation | SAFE Working Paper | 2022 | |
| Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Nofer | The Effects of Discontinuing Machine Learning Decision Support SAFE Working Paper No. 370 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2022 | |
| Jana Eisenkopf, Steffen Juranek, Uwe Walz | Responsible Investment and Stock Market Shocks: Short-Term Insurance and Persistent Outperformance Post-Crisis? British Journal of Management | Financial Intermediation | Published Paper | 2023 | Responsible investment, ESG, stock market crisis, persistence |
| Huynh Sang Truong, Uwe Walz | Spillovers of PE Investments SAFE Working Paper No. 357 | Financial Intermediation | SAFE Working Paper | 2022 | LBO spillovers, peer effects, IV approach |
| Sandra Eckert | European Administrative Networks, Private Networks and Agencies: Coexisting, Cooperating or Competing? Journal of European Public Policy | Financial Intermediation | 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 |
| 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 Journal of Data and Information Quality | Financial Intermediation, Data Center | Published Paper | 2022 | informational systems, database design, database models, economic history, financial data, cliometrics, |
| 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 |
| 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 | |
| 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 | |
| Anastasia Kotovskaia, Tobias Tröger | National Interests and Supranational Resolution in the European Banking Union SAFE Working Paper No. 340 | Financial Intermediation, Law and Finance, Financial Markets | SAFE Working Paper | 2022 | SRB, SRF, bank resolution, banking union, bail-in, ESM, national interest, political economy, bureaucrats’ incentives |
| Kevin Bauer, Oliver Hinz, Johanna Jagow, Cristina Mihale-Wilson, Maximilian Speicher, Moritz von Zahn | The Smart Green Nudge: Reducing Product Returns through Enriched Digital Footprints & Causal Machine Learning SAFE Working Paper No. 363 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2022 | |
| 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 | |
| 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 | |
| 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 |
| 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 |
| 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 |
| Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon | Networks in Risk Spillovers: A Multivariate GARCH Perspective Econometrics and Statistics | Financial Intermediation, Systemic Risk Lab | Published Paper | 2023 | spatial GARCH; network; risk spillover; nancial spillover |
| Alexandre Corhay, Thilo Kind, Howard Kung, Gonzalo Morales | Discount Rates, Debt Maturity, and the Fiscal Theory Journal of Finance | Financial Intermediation | Published Paper | 2023 | Term structure of interest rates, Fiscal theory of the price level, Bond risk premia, Government debt, DSGE models, Nonlinear solution methods |
| 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 | Published Paper | 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 | |
| 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 | |
| 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 |
| 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 |
| 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 | |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing 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 | |
| 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 |
| 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 | |
| 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 | |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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 |
| Elsa Massoc | Politics of Banking in Europe: Global Banks and Domestic Institutional Legacies E-International Relations | Financial Intermediation | Published Paper | 2020 | |
| 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 |
| 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 |
| Jan Friedrich | The Effect of Academic Literature on Accounting Regulation: Evidence from Leases in Germany Accounting History Review | Financial Intermediation | Published Paper | 2019 | |
| 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 |
| Thomas Huertas | Completing Banking Union White Paper No. 63 | Financial Intermediation | Policy Paper | 2019 | Banking Union, EDIS, EDIC |
| Jannis Bischof, Christian Laux, Christian Leuz | Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis 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 | |
| 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 |
| Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | Spillovers of Funding Dry-ups SAFE Working Paper No. 259 | Financial Intermediation | 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 |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 | |
| 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 | |
| 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 |
| 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, |
| 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 |
| Olga Goldfayn-Frank, Nathanael Vellekoop | The Role of Personality Traits in Household Loan Expectations and Borrowing Constraints SAFE Working Paper No. 381 | Financial Intermediation, Household Finance | SAFE Working Paper | 2023 | |
| 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 |
| 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 |
| 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 | |
| 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 | |
| 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 |
| 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 | |
| Stephanie Collet, Kim Oosterlinck | Le Concept de Dettes Odieuses Revue d´économie Financière | Financial Intermediation, Data Center | Published Paper | 2019 | |
| 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 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Rainer Haselmann, David Schoenherr, Vikrant Vig | Rent-Seeking in Elite Networks Journal of Political Economy | Financial Intermediation, Law and Finance | Published Paper | 2018 | - |
| 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 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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 |
| 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 |
| 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 | - |
| 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 |
| 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 |
| 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 | 2023 | 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 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| Jan Pieter Krahnen, Laura Moretti | Bail-In Clauses Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Financial Intermediation | Published 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Tobias Tröger | Vertragsrechtliche Fragen negativer Zinsen auf Einlagen Neue Juristische Wochenschrift | Financial Intermediation | Published Paper | 2015 | |
| 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 |
| 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 |
| 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 |
| 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 | 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Helmut Siekmann, Volker Wieland | Schlechte Erfahrungen Policy Letter No. 02, 2012 | Financial Intermediation | Policy Paper | 2012 | Finanztransaktionssteuer, Bankenaufsicht |
| Helmut Gründl | Stellungnahme zum Gesetzentwurf der Bundesregierung: Finanzkonglomerate-Aufsichtsgesetz Policy Letter No. 7 | Financial Intermediation | Policy Paper | 2013 | Finanzkonglomerate; Eigenmittelanforderungen; Aufsichtsbehörde; BaFin; Bundesbank |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Günter Franke, Jan Pieter Krahnen | Ein staatliches Hospital für kranke Banken Press Article No. 2, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Bankenhospital |
| Helmut Siekmann | Das neue System der Europäischen Finanzmarktaufsicht White Paper No. 8, 2011 | Financial Intermediation | Policy Paper | 2011 | Regulierung, Finanzaufsicht, Systemrisiken |
| 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 |
| 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 |
| 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 |
| Jan Pieter Krahnen, Helmut Siekmann | Stellungnahme zum "Restrukturierungsgesetz" White Paper No. 20, 2010 | Financial Intermediation | Policy Paper | 2010 | Systemisches Risiko, Restruktuierung, Abwicklung |
| 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 |
| 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 |
| 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 |
| 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 |
| Helmut Siekmann | Die Schaffung von Einrichtungen der Finanzaufsicht auf EU-Ebene White Paper No. 2, 2009 | Financial Intermediation | Policy Paper | 2009 | Gemeinschaftsagenturen, Finanzmarktaufsicht |
| Jan Pieter Krahnen | Kluge Finanzarchitektur zur Begrenzung des systemischen Risikos Policy Letter No. 20, 2011 | Financial Intermediation | Policy Paper | 2011 | systemisches Risiko, too-big-to-fail, Regulierung |
| Volker Wieland | Stellungnahme zum Antrag der SPD-Fraktion auf Einführung einer Finanztransaktionssteuer in Europa Policy Letter No. 19, 2011 | Financial Intermediation | Policy Paper | 2011 | Finanztransaktionssteuer, Finanzinnovationen, Finanzspekulation |
| Helmut Gründl, Hato Schmeiser | Long-Term Guarantees and the Countercyclical Premium Under Solvency II Policy Letter No. 15, 2011 | Financial Intermediation | Policy Paper | 2011 | insurance supervision, capital requirements, Solvency II |
| Reinhard H. Schmidt | Ratingagenturen entmachten - aber wie? Policy Letter No. 8, 2011 | Financial Intermediation | Policy Paper | 2011 | Ratingagenturen, Marktmacht |
| Jan Pieter Krahnen | "Politiker wollen die Wahrheit nicht hören" Policy Letter No. 7, 2011 | Financial Intermediation | Policy Paper | 2011 | Ratingagenturen, Schuldenkrise |
| Jan Pieter Krahnen | The Bail-In Puzzle Policy Letter No. 6, 2011 | Financial Intermediation | Policy Paper | 2011 | debt restructuring, financial stability, bank bonds |
| Helmut Siekmann | Die Bankenabgabe in Deutschland Policy Letter No. 3, 2011 | Financial Intermediation | Policy Paper | 2011 | Bankenabgabe, Systemisches Risiko, Restrukturierungsgesetz |
| Jan Pieter Krahnen | Europataugliche Einlagensicherung: Vorschlag für eine dreistufige Einlagensicherung mit begrenzter europäischer Haftung Policy Letter No. 16, 2012 | Financial Intermediation | Policy Paper | 2012 | Bankenunion, Einlagensicherung, Bankinsolvenzen |
| Jan Pieter Krahnen | Comment on the European Parliament Draft Report on the Proposal for a Recovery and Resolution Directive Policy Letter No. 14, 2012 | Financial Intermediation | Policy Paper | 2012 | bail-in bonds, bank resolution, Liikanen Report |
| Reint Gropp, Christian Gruendl, Andre Guettler | Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition SAFE Working Paper No. 19 | Financial Intermediation, Transparency Lab | SAFE Working Paper | 2013 | soft information, discretionary lending, relationship lending, competition |
| Stefano Corradin, Reint Gropp, Harry Huizinga, Luc Laeven | Who Invests in Home Equity to Exempt Wealth from Bankruptcy? SAFE Working Paper No. 21 | Financial Intermediation, Transparency Lab | SAFE Working Paper | 2013 | Homestead exemptions, Personal bankruptcy, Portfolio allocation, Home ownership |
| Holger Kraft, Alexander Schmidt | Systemic Risk in the Financial Sector: What Can We Learn from Option Markets? SAFE Working Paper No. 25 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2013 | Systemic risk, Value-at-risk, Equity options, Implied volatility |
| Florian Hett, Alexander Schmidt | Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis SAFE Working Paper No. 36 | Financial Intermediation, Transparency Lab, Experiment Center | SAFE Working Paper | 2013 | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline |
| Deyan Radev | Systemic Risk and Sovereign Debt in the Euro Area SAFE Working Paper No. 37 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2013 | Sovereign debt, Sovereign default, Financial distress, Systemic risk, Contagion, Banking stability, Tail risk |
| Claudia Lambert, Felix Noth, Ulrich Schüwer | How do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act SAFE Working Paper No. 38 | Financial Intermediation | SAFE Working Paper | 2013 | financial crisis, deposit insurance, bank regulation |
| H. Evren Damar, Reint Gropp, Adi Mordel | Banks’ Financial Distress, Lending Supply and Consumption Expenditure SAFE Working Paper No. 39 | Financial Intermediation | SAFE Working Paper | 2014 | credit supply, banking, financial crisis, consumption expenditure, liquid assets, consumption smoothing |
| Reint Gropp, John Krainer, Elizabeth Laderman | Did Consumers Want Less Debt? Consumer Credit Demand versus Supply in the Wake of the 2008-2009 Financial Crisis SAFE Working Paper No. 42 | Financial Intermediation, Transparency Lab | SAFE Working Paper | 2014 | credit supply, deleveraging, households, financial crisis |
| Jan Pieter Krahnen, Peter Ockenfels, Christian Wilde | Measuring Ambiguity Aversion: A Systematic Experimental Approach SAFE Working Paper No. 55 | Financial Intermediation, Financial Markets, Transparency Lab, Experiment Center | SAFE Working Paper | 2014 | ambiguity, valuation discount, experimental economics |
| Brigitte Haar | European Financial Regulation – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration The Oxford Handbook of Financial Regulation (Oxford University Press) | Financial Intermediation, Systemic Risk Lab | Published Paper | 2014 | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism |
| Brigitte Haar | Financial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration SAFE Working Paper No. 57 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2014 | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism |
| Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre Guettler | Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract SAFE Working Paper No. 62 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2014 | Loan officer, incentives, monitoring, screening, loan origination |
| Michael Kemmer, Jan Pieter Krahnen | Zukunft der Universalbanken Policy Letter No. 9 | Financial Intermediation | Policy Paper | 2013 | Trennbanken, Restrukturierung, Abwicklung, Liikanen-Kommission |
| Jan Pieter Krahnen | Deposit Insurance Suitable for Europe: Proposal for a Three-Stage Deposit Guarantee Scheme with Limited European Liability Policy Letter No. 8 | Financial Intermediation | Policy Paper | 2013 | banking union; deposit insurance; bank risk |
| Brigitte Haar | Civil Liability of Credit Rating Agencies after CRA 3 – Regulatory All-or-Nothing Approaches Between Immunity and Over-Deterrence White Paper No. 1 | Financial Intermediation | Policy Paper | 2013 | Rating Agencies, regulation, contractual liability, CRA3 |
| Helmut Siekmann | Stellungnahme zum Entwurf eines Dritten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes White Paper No. 14, 2012 | Financial Intermediation | Policy Paper | 2012 | Finanzmarktstabilisierungsgesetz, Restrukturierungsfond, systemisches Risiko |
| Günter Franke, Jan Pieter Krahnen | Marktkräfte und Finanzstabilität: Desiderate und Anreizwirkungen eines institutionellen Rahmens für Bankenrestrukturierung White Paper No. 13, 2012 | Financial Intermediation | Policy Paper | 2012 | Ankeranleihen, Bail-in, systemisches Risiko, Bankenrestrukturierung |
| Peter Gomber, Thorsten Gommel | Neuausrichtung des OTC-Derivate-Marktes als Chance begreifen White Paper No. 11, 2012 | Financial Intermediation | Policy Paper | 2012 | EMIR, OTC-Derivate, CDS |
| Reinhard H. Schmidt | Aktuelle Finanzmarktpolitik: Wo bleibt die Nachhaltigkeit? White Paper No. 10, 2012 | Financial Intermediation | Policy Paper | 2012 | Finanzkrise, Finanzmarktpolitik, Regulierung, Nachhaltigkeit |
| Richard Herring, Reinhard H. Schmidt | "The Economic Rationale for Financial Regulation” Reconsidered White Paper No. 05, 2012 | Financial Intermediation | Policy Paper | 2012 | regulation, supervision, systemic risk |
| Jan Pieter Krahnen | Risiko muss wieder kosten Press Article No. 9, 2011 | Financial Intermediation | Policy Paper | 2011 | Anleihemärkte, systemisches Risiko, Bankeninsolvenz |
| Zeno Adams, Roland Füss, Reint Gropp | Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach SAFE Working Paper No. 20 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2013 | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds |
| Tobias Tröger | The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? SAFE Working Paper No. 27 | Financial Intermediation | SAFE Working Paper | 2013 | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) |
| Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon | Liquidity Coinsurance and Bank Capital SAFE Working Paper No. 45 | Financial Intermediation, Systemic Risk Lab | SAFE Working Paper | 2014 | Bank Capital, Interbank Markets, Liquidity Coinsurance |
| Helmut Gründl, Tobias Niedrig | The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II SAFE Working Paper No. 98 | Financial Intermediation | SAFE Working Paper | 2015 | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness |
| Martin Götz, Luc Laeven, Ross Levine | Does the Geographic Expansion of Bank Assets Reduce Risk? Journal of Financial Economics | Financial Intermediation | Published Paper | 2016 | Banking, Bank Regulation, Financial Stability, Risk, Hedging, Business Cycles, Industrial Structuree |
| Elia Berdin, Helmut Gründl | The Effects of a Low Interest Rate Environment on Life Insurers SAFE Working Paper No. 65 | Financial Intermediation | SAFE Working Paper | 2014 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II |
| Tobias Niedrig | Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation SAFE Working Paper No. 97 | Financial Intermediation | SAFE Working Paper | 2015 | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness |
| Tobias Tröger | Regulatory Influence on Market Conditions in the Banking Union SAFE Working Paper No. 109 | Financial Intermediation | SAFE Working Paper | 2015 | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline |
| Zeno Adams, Roland Füss, Reint Gropp | Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach Journal of Financial and Quantitative Analysis | Financial Intermediation, Systemic Risk Lab | Published Paper | 2014 | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds |
| Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon | Liquidity Coinsurance and Bank Capital Journal of Money, Credit and Banking | Financial Intermediation, Systemic Risk Lab | Published Paper | 2014 | Bank Capital, Interbank Markets, Liquidity Coinsurance |
| Elia Berdin, Helmut Gründl | The Effects of a Low Interest Rate Environment on Life Insurers The Geneva Papers on Risk and Insurance: Issues and Practice | Financial Intermediation | Published Paper | 2015 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II |
| Tobias Tröger | The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? European Business Organization Law Review | Financial Intermediation | Published Paper | 2014 | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) |
| Helmut Gründl, Tobias Niedrig | The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II The Geneva Papers on Risk and Insurance: Issues and Practice | Financial Intermediation | Published Paper | 2015 | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness |
| Tobias Niedrig | Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation Journal of Insurance Issues | Financial Intermediation | Published Paper | 2015 | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness |
| Tobias Tröger | Regulatory Influence on Market Conditions in the Banking Union European Business Organization Law Review | Financial Intermediation | Published Paper | 2015 | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline |
Ongoing Research Projects
| Publication Count | ||||||
|---|---|---|---|---|---|---|
| Financial Intermediation, Law and Finance, Financial Markets | From Machine Learning to Machine Teaching – Making Machines AND Humans Smarter (ML2MT) | Cara Maria Damm, Hendrik Drachsler, Oliver Hinz, Kristian Kersting, Loriana Pelizzon, Gernot Rohde, Yee Lee Shing, Sebastian Steuer, Tobias Tröger, Josephine Ann Uhlig | 2023 | 178101 | 1 | |
| Financial Intermediation | Crises, Anti-Finance Opinions and Populisms in Europe | Elsa Massoc, Tobias Tröger | 2020 | Crises, Public opinion, Finance, Policymaking, Populism | 123103 | 1 |
| Financial Intermediation, Experiment Center | Digitalization of the Financial System | Kevin Bauer, Oliver Hinz | 2020 | Digital economics; Artificial intelligence; Human machine interaction; Algorithmic Unfairness; Hybrid human-machine behavior; Algorithms; Machine Learning, Decision Making; | 123101 | 1 |
| Financial Intermediation, Experiment Center | Mirror, Mirror in the Wall: Algorithmic Assessments and Self-Fulfilling Prophecies | Kevin Bauer, Andrej Gill | 2020 | 1 | ||
| Financial Intermediation | Banking on States – The Divergent European Trajectories of Finance after the Crisis | Elsa Massoc | 2019 | Banks, states, regulation, post-crisis, institutions | 123102 | 1 |
| Financial Intermediation, Experiment Center | In or Out? In-Group Bias in Diverse Social Environments | Kevin Bauer, Florian Hett | 2018 | Overlapping group affiliations; Pro-social behavior; Ingroup bias; Diversity management | 1 |
Current Research Team
In this Section:
