Financial Intermediation
The department Financial Intermediation examines the role of intermediary institutions on the capital markets, in particular banks and insurance companies, but also little or unregulated market participants such as hedge funds and what is called "shadow banks". Selected research topics are the real economic effects of banking regulation, the trade-off between stability and competition, and the consequences of digitization for the business models of financial intermediaries.
Publications
| 2021 | Expl(AI)n It to Me – Explainable AI and Information Systems ResearchBusiness & Information Systems Engineering | Kevin Bauer, Oliver Hinz, Christof Weinhardt, Wil van der Aalst | Financial Intermediation, Experiment Center | 2021 | |
| 2020 | 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'forthcoming in New Political Economy | Elsa Massoc | Financial Intermediation | 2020 | |
| 2021 | The Reinvention of Development Banking in the European Union: Industrial Policy in the Single Market and the Emergence of a FieldOxford University Press | Daniel Mertens, Matthias Thiemann, Peter Volberding | Financial Intermediation | 2021 | |
| 2020 | Portfolio Similarity and Asset Liquidation in the Insurance Industryforthcoming in Journal of Financial Economics | Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | Financial Intermediation, Systemic Risk Lab | Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI | 2020 |
| 2020 | When Brussels meets shadow banking- technical complexity, regulatory agency and the reconstruction of the shadow banking chainCompetition & Change | Vanessa Endrejat, Matthias Thiemann | Financial Intermediation, Systemic Risk Lab | 2020 | |
| 2020 | Politics of Banking in Europe: Global Banks and Domestic Institutional Legacies E-International Relations | Elsa Massoc | Financial Intermediation | 2020 | |
| 2019 | The Effect of Academic Literature on Accounting Regulation: Evidence from Leases in GermanyAccounting History Review | Jan Friedrich | Financial Intermediation | 2019 | |
| 2021 | Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challengesforthcoming in Journal of Financial Economics | Jannis Bischof, Christian Laux, Christian Leuz | Financial Intermediation | Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting | 2021 |
| 2018 | Foreign Investment, Sovereign Debt, and Human RightsSovereign Debt and Human Rights (Oxford University Press) | Matthias Goldmann | Financial Intermediation | Foreign direct investment, regulatory power, expropriation, socio-economic rights, linkages | 2018 |
| 2020 | Private Authority in Tackling Cross-border Issues. The Hidden Path of Integrating European Energy MarketsJournal of European Integration | Burkard Eberlein, Sandra Eckert | Financial Intermediation | 2020 | |
| 2019 | Whatever it Takes: The Real Effects of Unconventional Monetary PolicyReview of Financial Studies | Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | Financial Intermediation, Data Center | 2019 | |
| 2018 | Persistent Liquidity Shocks and Interbank FundingJournal of Financial Stability | Marcel Bluhm | Financial Intermediation, Systemic Risk Lab | Financial fragility, Interbank market, Liquidity, Maturity, Network | 2018 |
| 2019 | How Do Banks React to Catastrophic Events? Evidence from Hurricane KatrinaReview of Finance | Claudia Lambert, Felix Noth, Ulrich Schüwer | Financial Intermediation | catastrophic events, bank regulation, capital ratios, natural experiment | 2019 |
| 2016 | Drawing the Line: The Political Economy of Off-Balance Sheet-Financing | Jan Friedrich, Matthias Thiemann | Financial Intermediation | 2016 | |
| 2018 | Intended and Unintended Consequences of Government Credit Guarantee ProgramsFinance and Investment: The European Case (Oxford University Press) | Vasso Ioannidou, Jose Liberti, Thomas Mosk, Jason Sturgess | Financial Intermediation | 2018 | |
| 2019 | Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural ExperimentReview of Financial Studies | Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | Financial Intermediation | Bank capital ratios, Bank regulation, Credit supply | 2019 |
| 2018 | Too Complex to Work – A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution RegimeJournal of Financial Regulation | Tobias Tröger | Financial Intermediation | 2018 | |
| 2017 | Too-big-to-fail im Spannungsfeld von Wettbewerb und RegulierungFestschrift für Theodor Baums zum siebzigsten Geburtstag (Mohr Siebeck) | Brigitte Haar | Financial Intermediation | 2017 | |
| 2016 | Systemic Risk and Financial Interconnectedness: Network Measures and the Impact of the Indirect EffectSystemic Risk Tomography: Signals, Measurement and Transmission Channels (ISTE Press - Elsevier) | Monica Billio, Michele Costola, Roberto Panzica, Loriana Pelizzon | Financial Intermediation, Systemic Risk Lab | systemic measures, connectedness measures, financial network, financial institutions, hedge funds, loss measures, quantile regressions, CoVaR, global network measures, local network measures, loss prediction, Settore SECS-P/05 - Econometria | 2016 |
| 2016 | Sovereign Debt Sustainability as a Principle of Public International Law: An Incremental Approach to Sovereign Debt RestructuringYale Journal of International Law | Juan Pablo Bohoslavsky, Matthias Goldmann | Financial Intermediation | sovereign debt restructuring, international law, collective action clauses, debt sustainability, legal principles, holdout creditors, holdout litigation | 2016 |
| 2016 | A Discourse Theoretical Approach to Sovereign Debt Restructuring: Towards a Democratic Financial OrderGerman Law Journal | Matthias Goldmann, Silvia Steininger | Financial Intermediation | democracy, finance, role of law, discourse theory, Habermas, sovereign debt, cleavages | 2016 |
| 2017 | From Public International to International Public Law: Translating World Public Opinion into International Public AuthorityEuropean Journal of International Law | Matthias Goldmann, Ingo Venzke, Armin von Bogdandy | Financial Intermediation | international organizations, global governance, world public opinion, public authority, soft law | 2017 |
| 2017 | International Investment Law and Financial Regulation: Towards a Deliberative ApproachInternational Investment Law and the Global Financial Architecture (Edward Elgar) | Matthias Goldmann | Financial Intermediation | international investment law, financial regulation, deliberation, monetary policy, sovereign debt | 2017 |
| 2018 | Much Ado about Nothing? Macro-Prudential Ideas and the Post-Crisis Regulation of Shadow BankingKölner Zeitschrift für Soziologie und Sozialpsychologie | Jan Friedrich, Matthias Thiemann | Financial Intermediation | financial regulation, shadow banking, epistemic authority, private risk-management | 2018 |
| 2017 | Capital Markets Union: The Need for Common Laws and Common SupervisionDIW-Vierteljahreshefte zur Wirtschaftsforschung | Jan Friedrich, Matthias Thiemann | Financial Intermediation | Capital Markets Union, clearing, regulatory competition, regulatory arbitrage, supervision | 2017 |
| 2018 | Competition and Bank StabilityJournal of Financial Intermediation | Martin Götz | Financial Intermediation | Risk, Stability, Competition, Contestability, Entry, Lending | 2018 |
| 2017 | Structural Reforms in Banking: The Role of TradingJournal of Financial Regulation | Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer | Financial Intermediation | banking, structural reforms, prohibition of proprietary trading, banking separation | 2017 |
| 2018 | Rent-Seeking in Elite NetworksJournal of Political Economy | Rainer Haselmann, David Schoenherr, Vikrant Vig | Financial Intermediation, Law and Finance | - | 2018 |
| 2013 | Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of US BanksReview of Financial Studies | Martin Götz, Luc Laeven, Ross Levine | Financial Intermediation | 2013 | |
| 2017 | Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial CrisisJournal of Financial Economics | Florian Hett, Alexander Schmidt | Financial Intermediation, Transparency Lab, Experiment Center | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline | 2017 |
| 2016 | Banking Beyond Banks and Money. A Guide to Banking Services in the Twenty-First CenturyBanking Beyond Banks and Money: A Guide to Banking Services in the Twenty-First Century (Springer) | Tomaso Aste, Loriana Pelizzon, Nicolas Perony, Paolo Tasca | Financial Intermediation, Systemic Risk Lab | 2016 | |
| 2018 | To Ring-Fence or Not, and How? Strategic Questions for Post-Crisis Banking Reform in Europeforthcoming in European Banking Regulation (CH Beck) | Jens-Hinrich Binder | Financial Intermediation | EU banking regulation, Liikanen Report, ring-fencing, structural bank reform, Vickers Commission, Volcker Rule | 2018 |
| 2015 | Komplexitätsbewältigung durch Verwaltungsverfahren?Zeitschrift für das gesamte Handels- und Wirtschaftsrecht | Jens-Hinrich Binder | Financial Intermediation | 2015 | |
| 2014 | A Time Varying Performance Evaluation of Hedge Fund Strategies through AggregationBankers, Markets and Investors | Monica Billio, Lorenzo Frattarolo, Loriana Pelizzon | Financial Intermediation, Systemic Risk Lab | Extra performances, Hedge funds, Markov switching models, Financial crises | 2014 |
| 2015 | A Political Economy Perspective on Common Supervision in the Eurozone Financial Regulation: A Transatlantic Perspective (Cambridge University Press) | Tobias Tröger | Financial Intermediation | 2015 | |
| 2015 | Bail-In ClausesFinancial Regulation: A Transatlantic Perspective (Cambridge University Press) | Jan Pieter Krahnen, Laura Moretti | Financial Intermediation | 2015 | |
| 2013 | Deciphering the Libor and Euribor Spreads during the Subprime CrisisNorth American Journal of Economics and Finance | Loriana Pelizzon, Domenico Sartore | Financial Intermediation, Systemic Risk Lab | Subprime crisis, Collateral, Liquidity, Unconventional monetary policy | 2013 |
| 2016 | How Special Are They? Targeting Systemic Risk by Regulating Shadow BanksReshaping Markets Economic Governance, the Global Financial Crisis and Liberal Utopia (Cambridge University Press) | Tobias Tröger | Financial Intermediation | shadow banking, regulatory arbitrage, prudential supervision | 2016 |
| 2015 | Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform ActReview of Financial Studies | Dirk Hackbarth, Rainer Haselmann, David Schoenherr | Financial Intermediation | financial distress, law and finance, shareholder recovery, stock returns | 2015 |
| 2016 | Pro-Cyclical Capital Regulation and LendingThe Journal of Finance | Markus Behn, Rainer Haselmann, Paul Wachtel | Financial Intermediation | capital regulation, credit crunch, financial crisis, pro-cyclicality | 2016 |
| 2015 | Vertragsrechtliche Fragen negativer Zinsen auf EinlagenNeue Juristische Wochenschrift | Tobias Tröger | Financial Intermediation | 2015 | |
| 2014 | European Financial Regulation – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market IntegrationThe Oxford Handbook of Financial Regulation (Oxford University Press) | Brigitte Haar | Financial Intermediation, Systemic Risk Lab | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism | 2014 |
| 2016 | Does the Geographic Expansion of Bank Assets Reduce Risk?Journal of Financial Economics | Martin Götz, Luc Laeven, Ross Levine | Financial Intermediation | Banking, Bank Regulation, Financial Stability, Risk, Hedging, Business Cycles, Industrial Structuree | 2016 |
| 2014 | Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk ApproachJournal of Financial and Quantitative Analysis | Zeno Adams, Roland Füss, Reint Gropp | Financial Intermediation, Systemic Risk Lab | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds | 2014 |
| 2014 | Liquidity Coinsurance and Bank CapitalJournal of Money, Credit and Banking | Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon | Financial Intermediation, Systemic Risk Lab | Bank Capital, Interbank Markets, Liquidity Coinsurance | 2014 |
| 2015 | The Effects of a Low Interest Rate Environment on Life InsurersThe Geneva Papers on Risk and Insurance: Issues and Practice | Elia Berdin, Helmut Gründl | Financial Intermediation | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II | 2015 |
| 2014 | The Single Supervisory Mechanism – Panacea or Quack Banking Regulation?European Business Organization Law Review | Tobias Tröger | Financial Intermediation | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) | 2014 |
| 2015 | The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency IIThe Geneva Papers on Risk and Insurance: Issues and Practice | Helmut Gründl, Tobias Niedrig | Financial Intermediation | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness | 2015 |
| 2015 | Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency RegulationJournal of Insurance Issues | Tobias Niedrig | Financial Intermediation | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness | 2015 |
| 2015 | Regulatory Influence on Market Conditions in the Banking UnionEuropean Business Organization Law Review | Tobias Tröger | Financial Intermediation | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline | 2015 |
Working Papers
Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition | Reint Gropp, Christian Gruendl, Andre Guettler | 19 | Financial Intermediation, Transparency Lab | 2013 | soft information, discretionary lending, relationship lending, competition | Jan 2013 |
Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach | Zeno Adams, Roland Füss, Reint Gropp | 20 | Financial Intermediation, Systemic Risk Lab | 2013 | Risk spillovers, state-dependent sensitivity value-at-risk (SDSVaR), quantile regression, financial institutions, hedge funds | Jan 2013 |
Who Invests in Home Equity to Exempt Wealth from Bankruptcy? | Stefano Corradin, Reint Gropp, Harry Huizinga, Luc Laeven | 21 | Financial Intermediation, Transparency Lab | 2013 | Homestead exemptions, Personal bankruptcy, Portfolio allocation, Home ownership | Jan 2013 |
Systemic Risk in the Financial Sector: What Can We Learn from Option Markets? | Holger Kraft, Alexander Schmidt | 25 | Financial Intermediation, Systemic Risk Lab | 2013 | Systemic risk, Value-at-risk, Equity options, Implied volatility | Jan 2013 |
The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? | Tobias Tröger | 27 | Financial Intermediation | 2013 | prudential supervision, banking union, regulatory capture, political economy of bureaucracy, Single Supervisory Mechanism (SSM), European Central Bank (ECB), European Banking Authority (EBA) | Jan 2013 |
Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis | Florian Hett, Alexander Schmidt | 36 | Financial Intermediation, Transparency Lab, Experiment Center | 2013 | Bailout, Implicit Guarantees, Too-Big-To-Fail, Market Discipline | Jan 2013 |
Systemic Risk and Sovereign Debt in the Euro Area | Deyan Radev | 37 | Financial Intermediation, Systemic Risk Lab | 2013 | Sovereign debt, Sovereign default, Financial distress, Systemic risk, Contagion, Banking stability, Tail risk | Jan 2013 |
How do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act | Claudia Lambert, Felix Noth, Ulrich Schüwer | 38 | Financial Intermediation | 2013 | financial crisis, deposit insurance, bank regulation | Jan 2013 |
Banks’ Financial Distress, Lending Supply and Consumption Expenditure | H. Evren Damar, Reint Gropp, Adi Mordel | 39 | Financial Intermediation | 2014 | credit supply, banking, financial crisis, consumption expenditure, liquid assets, consumption smoothing | Jan 2014 |
Did Consumers Want Less Debt? Consumer Credit Demand versus Supply in the Wake of the 2008-2009 Financial Crisis | Reint Gropp, John Krainer, Elizabeth Laderman | 42 | Financial Intermediation, Transparency Lab | 2014 | credit supply, deleveraging, households, financial crisis | Jan 2014 |
Liquidity Coinsurance and Bank Capital | Fabio Castiglionesi, Fabio Feriozzi, Gyöngyi Lóránth, Loriana Pelizzon | 45 | Financial Intermediation, Systemic Risk Lab | 2014 | Bank Capital, Interbank Markets, Liquidity Coinsurance | Jan 2014 |
Measuring Ambiguity Aversion: A Systematic Experimental Approach | Jan Pieter Krahnen, Peter Ockenfels, Christian Wilde | 55 | Financial Intermediation, Financial Markets, Transparency Lab, Experiment Center | 2014 | ambiguity, valuation discount, experimental economics | Jan 2014 |
Financial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration | Brigitte Haar | 57 | Financial Intermediation, Systemic Risk Lab | 2014 | Financial regulation, systemic risk, microprudential supervision, European Banking Authority, macroprudential supervision, European Systemic Risk Board, European Banking Union, Single Supervisory Mechanism | Jan 2014 |
Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract | Patrick Behr, Alejandro H. Drexler, Reint Gropp, Andre Guettler | 62 | Financial Intermediation, Systemic Risk Lab | 2014 | Loan officer, incentives, monitoring, screening, loan origination | Jan 2014 |
The Effects of a Low Interest Rate Environment on Life Insurers | Elia Berdin, Helmut Gründl | 65 | Financial Intermediation | 2014 | Life Insurers, Interest Rate Guarantees, Risk Assessment, Solvency II | Jan 2014 |
How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking | Tobias Tröger | 68 | Financial Intermediation | 2014 | shadow banking, regulatory arbitrage, prudential supervision | Jan 2014 |
Assessing Systemic Fragility – A Probabilistic Perspective | Deyan Radev | 70 | Financial Intermediation | 2014 | Banking Stability, Financial Distress, Tail Risk, Contagion | Jan 2014 |
The Limits of Model-Based Regulation | Markus Behn, Rainer Haselmann, Vikrant Vig | 75 | Financial Intermediation | 2014 | capital regulation, internal ratings, Basel regulation | Jan 2014 |
Resolution Planning and Structural Bank Reform within the Banking Union | Jens-Hinrich Binder | 81 | Financial Intermediation | 2015 | Bank Resolution, Resolution Planning, Living Wills, Structural Bank Reform, Banking Union | Jan 2015 |
How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina | Claudia Lambert, Felix Noth, Ulrich Schüwer | 94 | Financial Intermediation | 2015 | catastrophic events, bank regulation, capital ratios, natural experiment | Jan 2015 |
Banking Union and the Governance of Credit Institutions - A Legal Perspective | Jens-Hinrich Binder | 96 | Financial Intermediation | 2015 | Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism, Banking Regulation, Bank Corporate Governance | Jan 2015 |
Optimal Asset Allocation for Interconnected Life Insurers in the Low Interest Rate Environment Under Solvency Regulation | Tobias Niedrig | 97 | Financial Intermediation | 2015 | Basel III, Solvency II, Life Insurance, Interest Rate Guarantees, Asset Allocation, Contagion, Interconnectedness | Jan 2015 |
On the Impact of Leveraged Buyouts on Bank Systemic Risk | Marcel Grupp | 101 | Financial Intermediation | 2015 | Leveraged buyouts, syndicated loans, systemic risk | Jan 2015 |
Regulatory Influence on Market Conditions in the Banking Union | Tobias Tröger | 109 | Financial Intermediation | 2015 | banking union, macro-prudential supervision, real estate lending, bail-in, market discipline | Jan 2015 |
Interbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks | Marcel Bluhm | 117 | Financial Intermediation | 2015 | Financial fragility, interbank market, liquidity, maturity, network model | Jan 2015 |
Insurance Activities and Systemic Risk | Elia Berdin, Matteo Sottocornola | 121 | Financial Intermediation, Systemic Risk Lab | 2015 | Systemic Risk, Insurance Activities, Systemically Important Financial Institutions | Jan 2015 |
Fund Ownership, Wealth, and Risk-Taking: Evidence on Private Equity Managers | Carsten Bienz, Karin Thorburn, Uwe Walz | 126 | Financial Intermediation | 2016 | Private equity, leveraged buyouts, incentives, coinvestment, risk taking, wealth | Jan 2016 |
Rent-Seeking in Elite Networks | Rainer Haselmann, David Schoenherr, Vikrant Vig | 132 | Financial Intermediation, Law and Finance | 2016 | - | Jan 2016 |
The Political Economy of Bank Bailouts | Markus Behn, Rainer Haselmann, Thomas Kick, Vikrant Vig | 133 | Financial Intermediation, Law and Finance | 2016 | political economy, bailouts, state-owned enterprises, elections | Jan 2016 |
A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers | Elia Berdin, Christoffer Kok, Cosimo Pancaro | 137 | Financial Intermediation | 2016 | Financial Stability, Insurance, Interest Rate Risk, Stress Test | Jan 2016 |
The Forward-Looking Disclosures of Corporate Managers: Theory and Evidence | Reint Gropp, Rasa Karapandza, Julian Opferkuch | 140 | Financial Intermediation | 2016 | Repeated Games; Asymmetric Information; Firms; Reputation | Jan 2016 |
The Effects of Contingent Convertible (CoCo) Bonds on Insurers’ Capital Requirements under Solvency II | Helmut Gründl, Tobias Niedrig | 98 | Financial Intermediation | 2015 | Contingent Convertible Capital, CoCo Bond, Basel III, Solvency II, Life Insurance, Interconnectedness | Jan 2015 |
Whatever it Takes: The Real Effects of Unconventional Monetary Policy | Viral Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch | 152 | Financial Intermediation, Data Center | 2016 | Unconventional Monetary Policy, Real Effects, Zombie Lending | Jan 2016 |
Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act | Vahid Saadi | 155 | Financial Intermediation | 2016 | The Community Reinvestment Act, Mortgage supply, House prices, Homeownership | Nov 2016 |
Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment | Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix | 156 | Financial Intermediation | 2016 | Bank capital ratios, Bank regulation, Credit supply | Nov 2016 |
Natural Disaster and Bank Stability: Evidence from the U.S. Financial System | Felix Noth, Ulrich Schüwer | 167 | Financial Intermediation, Systemic Risk Lab | 2017 | natural disasters, bank stability, non-performing assets, bank performance | Apr 2017 |
Systemic Risk for Financial Institutions of Major Petroleum-Based Economies: The Role of Oil | Massimiliano Caporin, Michele Costola, Shawkat Hammoudeh, Ahmed Khalifa | 172 | Financial Intermediation, Financial Markets, Systemic Risk Lab | 2017 | Systemic Risk, Risk Measurement, VaR, ΔCoVaR, Oil, Financial Institutions, Petroleum-based Economies | Nov 2017 |
Liquidity Premia in CDS Markets | Christel Merlin Kuate Kamga, Christian Wilde | 173 | Financial Intermediation, Financial Markets | 2017 | CDS, liquidity | Aug 2017 |
International Banking Conglomerates and the Transmission of Lending Shocks Across Borders | Reint Gropp, Deyan Radev | 175 | Financial Intermediation | 2017 | Commercial banks, global banks, wholesale shocks, solvency shocks, transmission, internal capital markets | Aug 2017 |
Social Centralization, Bank Integration and the Transmission of Lending Shocks | Reint Gropp, Deyan Radev | 174 | Financial Intermediation | 2017 | Global banks, social centralization, bank integration, shocks, transmission | Aug 2017 |
United in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union | Matthias Goldmann | 178 | Financial Intermediation, Macro Finance | 2018 | Banking Union, Monetary Policy, Financial Stability, Single Supervisory Mechanism, Democratic Legitimacy | Jan 2018 |
Why MREL Won't Help Much | Tobias Tröger | 180 | Financial Intermediation | 2017 | MREL, TLAC, G-SIB, bail-in, bank resolution | Aug 2017 |
Too Complex to Work: A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime | Tobias Tröger | 179 | Financial Intermediation | 2017 | bail-in, private sector involvement, precautionary recapitalization, cross-border insolvency, market discipline | Aug 2017 |
Remarks on the German Regulation of Crowdfunding | Tobias Tröger | 184 | Financial Intermediation | 2017 | crowdinvesting, crowdfunding, fintech, financial stability, market infrastructure, investor protection | Oct 2017 |
The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity | Carlo Wix | 189 | Financial Intermediation | 2017 | Financial Crises, Bank Lending, Real Effects, Firm Investment, Wage Rigidity, Labor Hoarding | Nov 2017 |
Bargaining with a Bank | Thomas Mosk | 211 | Financial Intermediation | 2018 | Credit lines, Contract terms, Bargaining, Screening | Jan 2018 |
All Economic Ideas are Equal, but Some are more Equal than Others: A Differentiated Perspective on Macroprudential Ideas and their Implementation | Edin Ibrocevic, Matthias Thiemann | 214 | Financial Intermediation, Systemic Risk Lab | 2018 | macroprudential regulation, ideational shift, systemic risk, topic modelling, central bank policy | Jun 2018 |
Reviving the Shadow Banking Chain in Europe: Regulatory Agency, Technical Complexity and the Dynamics of Co-Habitation | Vanessa Endrejat, Matthias Thiemann | 222 | Financial Intermediation | 2018 | Jun 2018 | |
Portfolio Similarity and Asset Liquidation in the Insurance Industry | Mila Getmansky Sherman, Giulio Girardi, Stanislava Nikolova, Loriana Pelizzon, Kathleen Weiss Hanley | 224 | Financial Intermediation, Systemic Risk Lab | 2018 | Interconnectedness, Asset Liquidation, Similarity, Financial Stability, Insurance Com- panies, SIFI | Jul 2018 |
Networks in Risk Spillovers: A Multivariate GARCH Perspective | Monica Billio, Massimiliano Caporin, Lorenzo Frattarolo, Loriana Pelizzon | 225 | Financial Intermediation, Systemic Risk Lab | 2018 | spatial GARCH; network; risk spillover; nancial spillover | Aug 2018 |
Debt Holder Monitoring and Implicit Guarantees: Did the BRRD Improve Market Discipline? | Jannic Cutura | 232 | Financial Intermediation | 2018 | Sep 2018 | |
What Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk | Reint Gropp, Felix Noth, Ulrich Schüwer | 246 | Financial Intermediation | 2019 | banking, geographic expansion, deregulation, locally non-diversiable risk, catastrophic risk | Mar 2019 |
Spillovers of Funding Dry-ups | Iñaki Aldasoro, Florian Balke, Andreas Barth, Egemen Eren | 259 | Financial Intermediation | 2019 | Sep 2019 | |
The Case for a Normatively Charged Approach to Regulating Shadow Banking - Multipolar Regulatory Dialogues as a Means to Detect Tail Risks and Preclude Regulatory Arbitrage | Matthias Thiemann, Tobias Tröger | 260 | Financial Intermediation | 2019 | shadow banking, regulatory arbitrage, principles-based regulation, credit funds, prudential supervision, non-bank financial intermediation | Oct 2019 |
Econometrics at Scale: Spark Up Big Data in Economics | Benjamin Bluhm, Jannic Cutura | 266 | Financial Intermediation | 2020 | Econometrics, Distributed Computing, Apache Spark | Feb 2020 |
The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions | Marie Lalanne, Lorenzo Maria Levati | 268 | Financial Intermediation | 2020 | Referrals, Job Match Quality, Social Networks, Board of Directors | Mar 2020 |
EU Agencies in Banking and Energy Between Institutional and Policy Centralisation | Sandra Eckert | 278 | Financial Intermediation | 2020 | agency, banking, centralisation, energy, fiduciary, electricity, policy | May 2020 |
How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities | Kevin Bauer | 281 | Financial Intermediation | 2020 | social identity, relative performance feedback, discrimination, outgroup derogation | Jun 2020 |
Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges | Jannis Bischof, Christian Laux, Christian Leuz | 283 | Financial Intermediation | 2020 | Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting | Jul 2020 |
The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence | Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Kosfeld, Nicolas Winfried Pfeuffer | 287 | Financial Intermediation, Experiment Center | 2020 | Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning | Sep 2020 |
Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital? | Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo Wix | 296 | Financial Intermediation | 2020 | Nov 2020 | |
An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data | Dennis Gram, Pantelis Karapanagiotis, Jan Krzyzanowski, Marius Liebald, Uwe Walz | 300 | Financial Intermediation, Data Center | 2021 | Jan 2021 | |
Obfuscation and Rational Inattention in Digitalized Markets | Aljoscha Janssen, Johannes Kasinger | 306 | Financial Intermediation, Financial Markets | 2021 | Rational Inattention, Obfuscation, Price Competition, Digitalized Markets | Feb 2021 |
Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies | Kevin Bauer, Andrej Gill | 313 | Financial Intermediation, Experiment Center | 2021 | Algorithmic transparency, algorithmic decision support, human–machine interaction | Apr 2021 |
Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods | Kevin Bauer, Michael Kosfeld, Ferdinand von Siemens | 318 | Financial Intermediation, Experiment Center | 2021 | incentives, intrinsic motivation, self-selection, public service | Jul 2021 |
The Geography of Banks in the United States (1990-2020) | Ignazio Angeloni, Johannes Kasinger, Chantawit Tantasith | 321 | Financial Intermediation | 2021 | Sep 2021 |
Policy Papers
| Apr 2021 | Reset required: The euro area crisis management and deposit insurance framework | Thomas Huertas | Financial Intermediation | Deposit Insurance, Crisis Management, BRRD, Resolution | Apr 2021 |
| Feb 2021 | KI in der Finanzbranche: Im Spannungsfeld zwischen technologischer Innovation und regulatorischer Anforderung | Kevin Bauer, Oliver Hinz, Patrick Weber | Financial Intermediation | Künstliche Intelligenz, Regulatorik, Finanzbranche, eXplainable Artificial Intelligence, Machine Learning | Feb 2021 |
| Aug 2020 | Beyond Moral Hazard Arguments: The Role of National Deposit Insurance Schemes for Member States’ Preferences on EDIS | Matthias Thiemann, Mario Tümmler | Financial Intermediation | Banking Union, Deposit Insurance, EDIS | Aug 2020 |
| Sep 2019 | Completing Banking Union | Thomas Huertas | Financial Intermediation | Banking Union, EDIS, EDIC | Sep 2019 |
| Jul 2019 | Deutsche Bank and its Strategy Change: What it Means for the German Financial System | Reinhard H. Schmidt | Financial Intermediation | German financial system, corporate governance, German banks | Jul 2019 |
| Jul 2019 | On the Change of the German Financial System | Reinhard H. Schmidt | Financial Intermediation | German financial system, corporate governance, German banks | Jul 2019 |
| Jun 2019 | Diversity in Finance: An Overview | Reinhard H. Schmidt | Financial Intermediation | diversity, finance, banking systems, financial systems | Jun 2019 |
| May 2019 | An open banking platform for Germany - a future-oriented alternative to a merger of Deutsche Bank / Commerzbank | Volker Brühl, Jan Pieter Krahnen | Financial Intermediation | Open Banking Platform Germany, Banking Union, Merger, Deutsche Bank, Commerzbank | May 2019 |
| Mar 2019 | The Next SSM Term: Supervisory Challenges Ahead | Martin Götz, Tobias Tröger, Mark Wahrenburg | Financial Intermediation | SSM, Banking Union, ECB supervision | Mar 2019 |
| Mar 2019 | Evaluierung gesamt- und finanzwirtschaftlicher Effekte der Reformen europäischer Finanzmarktregulierung im deutschen Finanzsektor seit der Finanzkrise | Financial Intermediation | Regulierung, Banken, Kreditinstitute | Mar 2019 | |
| Mar 2019 | Eine Open Banking Plattform für Deutschland – eine zukunftsorientierte Alternative zu einer Fusion Deutsche Bank/Commerzbank | Volker Brühl, Jan Pieter Krahnen | Financial Intermediation | Open Banking Platform Germany, Bankenunion, Fusion, Deutsche Bank, Commerzbank | Mar 2019 |
| Jun 2018 | How Demanding and Consistent is the 2018 Stress Test Design in Comparison to Previous Exercises? | Rainer Haselmann, Mark Wahrenburg | Financial Intermediation | stress test, European banks, Banking union, | Jun 2018 |
| Jun 2018 | A New Governance Architecture for European Financial Markets? Towards a European Supervision of CCPs | Jan Friedrich, Matthias Thiemann | Financial Intermediation | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage, Brexit | Jun 2018 |
| May 2018 | If you do it, do it right – The need for a Common European Supervisory Architecture for CCPs | Jan Friedrich, Christian Resch, Matthias Thiemann | Financial Intermediation | Central Counterparties, European Supervisory Architecture, Capital Markets Union, regulatory arbitrage, EMIR, supervisory arbitrage | May 2018 |
| Feb 2018 | Passt das deutsche Dreisäulensystem in eine zunehmend harmonisierte Bankenstruktur für Europa? | Reinhard H. Schmidt | Financial Intermediation | Drei-Säulen-System, Bankensektor, Finanzkrise | Feb 2018 |
| Dec 2017 | Five Years after the Liikanen Report: What Have We Learned? | Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Financial Intermediation | Financial stability, banking separation, prohibition of proprietary trading, banking and treasury functions, bail-in, MREL, TLAC | Dec 2017 |
| Nov 2017 | Provisioning Policies for Non-Performing Loans: How to Best Ensure a "Clean Balance Sheet"? | Mark Wahrenburg | Financial Intermediation | IFRS 9, provisioning rules, EU banks | Nov 2017 |
| Nov 2017 | The Recalibration of the European System of Financial Supervision in Regard of the Insurance Sector: From Dreary to Dreamy or Vice Versa? | Jens Gal, Helmut Gründl | Financial Intermediation, Household Finance | European Insurance Union, European Supervisory Authorities, EIOPA, European Insurance and Occupational Pensions Authority, Insurance Supervision | Nov 2017 |
| Sep 2017 | Undermined Market Discipline: The Role of Bank Rescues and Bailout Expectations | Florian Hett, Johannes Kasinger | Financial Intermediation, Experiment Center | bailout, market discipline, financial institutions, financial crisis, banks | Sep 2017 |
| Aug 2017 | Corporate Governance of Banks – A German Alternative to the “Standard Model” | Hans-Helmut Kotz, Reinhard H. Schmidt | Financial Intermediation | corporate governance, German banks, German banking system | Aug 2017 |
| Aug 2017 | Microfinance – Once and Today | Reinhard H. Schmidt | Financial Intermediation | Microfinance, German savings banks, German cooperative banks, Inclusive Finance | Aug 2017 |
| Jun 2017 | How Not To Do Banking Law in the 21st Century | Tobias Tröger | Financial Intermediation | Banking Union, ECB, EGC, Landeskreditbank Baden-Württemberg, NCAs, SSM | Jun 2017 |
| Mar 2017 | Fines for Misconduct in the Banking Sector – What is the Situation in the EU? | Martin Götz, Tobias Tröger | Financial Intermediation | financial stability, banking supervision, banking regulation, bank sanctions, monetary penalties | Mar 2017 |
| Mar 2017 | Financial Resilience Revisited: Why Consistency in Regulation is now Paramount – Across Sectors and Regions, and Over Time | Franklin Allen, Jan Pieter Krahnen, Holger Lüthen, Hélène Rey | Financial Intermediation, Financial Markets | financial resilience, financial markets regulation, banking regulation | Mar 2017 |
| Feb 2017 | Taking Bail-in Seriously - The Looming Risks for Banking Policy in the Rescue of Monte dei Paschi di Siena | Martin Götz, Jan Pieter Krahnen, Tobias Tröger | Financial Intermediation | BRRD, banking resolution, banking supervision, SRM, financial stability, systemic risk | Feb 2017 |
| Jan 2017 | SME Funding Without Banks? On the Interplay of Banks and Markets | Günter Franke, Jan Pieter Krahnen | Financial Intermediation, Financial Markets | SME, funding, capital markets, lending instruments, banks | Jan 2017 |
| Nov 2016 | Banks' Internal Rating Models - Time for a Change? The System of Floors as Proposed by the Basel Committee | Rainer Haselmann, Mark Wahrenburg | Financial Intermediation | Internal rating models, floors, banking regulation, BCBS | Nov 2016 |
| Apr 2016 | Euro Area Shadow Banking Activities in a Low-Interest-Rate Environment: A Flow-of-Funds Perspective | Günter Beck, Hans-Helmut Kotz | Financial Intermediation, Macro Finance | Non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation, low interest rate environment | Apr 2016 |
| Apr 2016 | Lost in Translation? ECB’s Monetary Impulses and Financial Intermediaries’ Responses | Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Financial Intermediation, Macro Finance | Non-bank financial intermediation, interest-rate channel, credit channel, risk-taking channel of monetary policy, market-based financial intermediation, monetary transmission mechanism, waterbed effect | Apr 2016 |
| Mar 2016 | Should the Marketing of Subordinated Debt be Restricted/Different in One Way or the Other? What to do in the Case of Mis-selling? | Martin Götz, Tobias Tröger | Financial Intermediation | Bail-in, BRRD, subordinated debt, EU market regulation | Mar 2016 |
| Nov 2016 | Structural Reforms in Banking: The Role of Trading | Jan Pieter Krahnen, Felix Noth, Ulrich Schüwer | Financial Intermediation, Financial Markets | proprietary trading, banking separation proposals, bank risk | Nov 2016 |
| Dec 2015 | The German Banking System: Characteristics and Challenges | Patrick Behr, Reinhard H. Schmidt | Financial Intermediation | banks, government, regulation | Dec 2015 |
| Nov 2015 | Solvency II ante portas: Nutzen und Risiken der neuen Versicherungsregulierung | Helmut Gründl | Financial Intermediation | Versicherungen, Regulierung | Nov 2015 |
| Nov 2015 | Solvency II at the Gates: Benefits and Risks of the New Insurance Regulation | Helmut Gründl | Financial Intermediation | Insurance, Regulation | Nov 2015 |
| Aug 2015 | The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements under Solvency II | Helmut Gründl, Tobias Niedrig | Financial Intermediation | Life insurance companies, Coco bonds, Solvency II | Aug 2015 |
| Sep 2015 | Euro Area Macro-Financial Stability: A Flow-of-Funds Perspective | Günter Beck, Hans-Helmut Kotz, Natalia Zabelina | Financial Intermediation, Macro Finance | Bank and non-bank financial intermediation, shadow banking, financial stability, systemic risk, financial regulation | Sep 2015 |
| Sep 2015 | Did Emergency Liquidity Assistance (ELA) of the ECB Delay the Bankruptcy of Greek Banks? | Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Financial Intermediation, Macro Finance | emergency liquidity assistance (ELA), economic and monetary union, banking supervision, Greece | Sep 2015 |
| Sep 2015 | Waren die ELA-Notkredite der EZB für griechische Banken eine Konkursverschleppung? | Martin Götz, Rainer Haselmann, Jan Pieter Krahnen, Sascha Steffen | Financial Intermediation, Macro Finance | emergency liquidity assistance (ELA), Währungsunion, Bankenaufsicht, Griechenland | Sep 2015 |
| Apr 2014 | Lessons from the Implementation of the Volcker Rule for Banking Structural Reform in the European Union | Douglas J. Elliott, Christian Rauch | Financial Intermediation | banking separation proposals, proprietary trading ban, Dodd-Frank Act | Apr 2014 |
| Apr 2014 | How Important Are Hedge Funds in a Crisis? | Reint Gropp | Financial Intermediation | systemic risk analysis, statistical risk measurement, spillover effects | Apr 2014 |
| May 2014 | Frontiers of Sustainable Finance in Europe: The Social Impact Bond | Ester Faia | Financial Intermediation | social impact bonds, risk premia, incentives for investment | May 2014 |
| Jun 2014 | Curtailing Capture through the European Banking Union: A Note of Caution | Cornelia Woll | Financial Intermediation | public-private relations, capture, collective action, social relations | Jun 2014 |
| Aug 2013 | Taxes, Banks and Financial Stability | Reint Gropp | Financial Intermediation | taxes, financial institutions, tax incidence, financial stability, tax revenues, bank incentives | Aug 2013 |
| Jun 2014 | Stellungnahme zum Entwurf eines Gesetzes zur Absicherung stabiler und fairer Leistungen für Lebensversicherte | Helmut Gründl | Financial Intermediation | Lebensversicherungen, Solvency II, Bewertungsreserven, Niedrigzinsphase | Jun 2014 |
| Jan 2014 | On the European Commission’s Proposal for a Structural Reform of Banking | Jan Pieter Krahnen | Financial Intermediation | proprietary trading, banking separation proposals, Liikanen Commission | Jan 2014 |
| Sep 2014 | Effective Resolution of Banks: Problems and Solutions | Günter Franke, Jan Pieter Krahnen, Thomas von Lüpke | Financial Intermediation | Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism (SRM), Bail-in | Sep 2014 |
| Oct 2014 | Stellungnahme zum Entwurf eines Gesetzes zur Umsetzung der Richtlinie 2014/59/EU (BRRD-Umsetzungsgesetz) | Martin Götz | Financial Intermediation | Bankenabwicklung, Restrukturierung, Bail-in, SoFFin | Oct 2014 |
| Oct 2014 | Making Sense of the Comprehensive Assessment | Viral Acharya, Sascha Steffen | Financial Intermediation | Asset Quality Review, Single Supervisy Mechanism, European Central Bankor | Oct 2014 |
| Nov 2014 | Robustness, Validity, and Significance of the ECB’s Asset Quality Review and Stress Test Exercise | Sascha Steffen | Financial Intermediation | Stress Test, Comprehensive Assessment, Asset Quality Review, European Central Bank, European Banking Authority, Single Supervisory Mechanism | Nov 2014 |
| Nov 2014 | Resolution Threats and Bank Discipline – What Europe Can Learn for the Single Resolution Mechanism from U.S. Experience | Magdalena Ignatowski, Josef Korte | Financial Intermediation | risk-taking, bank resolution regimes, USA, Europe | Nov 2014 |
| Nov 2014 | Bail-In jetzt richtig umsetzen | Jan Pieter Krahnen | Financial Intermediation | total loss absorbing capacity (TLAC), nachrangiges Fremdkapital, too big to fail, bail-in | Nov 2014 |
| Nov 2014 | Implementing Bail-In Properly | Jan Pieter Krahnen | Financial Intermediation | total loss absorbing capacity (TLAC), too big to fail, bail-in | Nov 2014 |
| Feb 2012 | Schlechte Erfahrungen | Helmut Siekmann, Volker Wieland | Financial Intermediation | Finanztransaktionssteuer, Bankenaufsicht | Feb 2012 |
| Apr 2013 | Stellungnahme zum Gesetzentwurf der Bundesregierung: Finanzkonglomerate-Aufsichtsgesetz | Helmut Gründl | Financial Intermediation | Finanzkonglomerate; Eigenmittelanforderungen; Aufsichtsbehörde; BaFin; Bundesbank | Apr 2013 |
| Feb 2013 | Kommentierung des “Entwurf eines Gesetzes zur Abschirmung von Risiken und zur Planung der Sanierung and Abwicklung von Kreditinstituten und Finanzgruppen” | Andreas Hackethal, Jan Pieter Krahnen | Financial Intermediation | Handelsgeschäft, Einlagengeschäft, Risiko | Feb 2013 |
| Feb 2013 | Beteiligung der Versicherungsnehmer an den Bewertungsreserven in der Lebensversicherung | Helmut Gründl | Financial Intermediation | Lebensversicherungen, Garantiezins, Bewertungsreserven | Feb 2013 |
| Jun 2013 | Die Auswirkungen von Regulierung auf Bankverhalten und Wettbewerb | Jan Pieter Krahnen, Theodor Weimer | Financial Intermediation | Bail-in Anleihen, Banken, Regulierung, Liikanen-Kommission | Jun 2013 |
| May 2013 | Own Risk and Solvency Assessment Within the Solvency II Framework and its Interplay with the Quantitative Solvency Capital Requirements | Jens Gal, Helmut Gründl | Financial Intermediation | Insurance, Solvency II, Own Risk and Solvency Assessment | May 2013 |
| Aug 2013 | Savings Banks and Cooperative Banks in Europe | Dilek Bülbül, Reinhard H. Schmidt, Ulrich Schüwer | Financial Intermediation | national systems of local banks, bank competition, performance indicators | Aug 2013 |
| Sep 2013 | Gesprächsreihe zu Strukturreformen im europäischen Bankensektor: Wiederherstellung privater Haftung und die zukünftige Rolle der Aufsicht | Elke König | Financial Intermediation | Bail-in Anleihen, Banken, Aufsicht, Liikanen-Kommission | Sep 2013 |
| Oct 2013 | Rettung durch Regulierung? Eckpunkte des Liikanen-Berichts | Jan Pieter Krahnen | Financial Intermediation | Liikanen-Kommission, Bail-in, Trennbanken, Bankenunion | Oct 2013 |
| Sep 2013 | Der einheitliche Abwicklungsmechanismus – Europäisches Allheilmittel oder weiße Salbe? | Tobias Tröger | Financial Intermediation | Bankenunion, SRM, Abwicklungsinstrumente, Bail-in | Sep 2013 |
| Oct 2013 | Rescue by Regulation? Key Points of the Liikanen Report | Jan Pieter Krahnen | Financial Intermediation | Liikanen Commission, Bail-in, Banking Separation, Banking Union | Oct 2013 |
| Dec 2013 | Designing the Funding Side of the Single Resolution Mechanism (SRM): A Proposal for a Layered Scheme with Limited joint Liability | Jan Pieter Krahnen | Financial Intermediation | Banking Union, Single Resolution Mechanism | Dec 2013 |
| Dec 2013 | A Big Bang for Banking in Europe | Jan Pieter Krahnen | Financial Intermediation | comprehensive assessment, banking supervision, euro area | Dec 2013 |
| Jan 2014 | Securities Transaction Tax in France: Impact on Market Quality and Inter-Market Price Coordination | Peter Gomber, Martin Haferkorn, Kai Zimmermann | Financial Intermediation | financial transaction tax, market fragmentation, speculative trading, market quality | Jan 2014 |
| Dec 2013 | Finanzmärkte: Mut zu radikaler Ordnungspolitik | Jan Pieter Krahnen | Financial Intermediation | Finanzkrise, Bankenunion, Regulierung, Ordnungspolitik | Dec 2013 |
| Feb 2014 | Surveillance of peer to peer payment systems and peer to peer lending platforms | Ester Faia | Financial Intermediation | financial innovation, peer to peer payment systems, Bitcoin, regulation | Feb 2014 |
| Feb 2012 | Recommendations by the Issing Commission – Memo for the G-20 November 2011 Summit in Cannes | Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Financial Intermediation | shadow banking, systemic risk analysis, regulatory arbitrage | Feb 2012 |
| Feb 2012 | Stellungnahme zum Entwurf eines Zweiten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes | Helmut Siekmann | Financial Intermediation | Finanzmarktrecht, BaFin, FMSA | Feb 2012 |
| May 2011 | Ein Plädoyer für Banken-Vielfalt | Reinhard H. Schmidt | Financial Intermediation | Drei-Säulen-System, Bankensektor, Finanzkrise | May 2011 |
| Feb 2010 | Ein staatliches Hospital für kranke Banken | Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Systemisches Risiko, Bankenhospital | Feb 2010 |
| Sep 2011 | Das neue System der Europäischen Finanzmarktaufsicht | Helmut Siekmann | Financial Intermediation | Regulierung, Finanzaufsicht, Systemrisiken | Sep 2011 |
| Mar 2011 | On a Fundamental Reorganisation of the Landesbanks and Savings Banks Sector in Germany | Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | Financial Intermediation | Landesbanks and savings banks sector; public law financial system | Mar 2011 |
| Feb 2011 | Streitschrift für eine grundlegende Neuordnung des Sparkassen- und Landesbankensektors in Deutschland | Heinz Hilgert, Jan Pieter Krahnen, Günther Merl, Helmut Siekmann | Financial Intermediation | Sparkassen- und Landesbankensektor, öffentlich rechtlicher Finanzsektor | Feb 2011 |
| Oct 2010 | Basel III: Unvollendet, aber nicht allein | Hermann Remsperger | Financial Intermediation | Basel III, Eigenkapital, Finanzkrise, Insolvenzordnung | Oct 2010 |
| Nov 2010 | Recommendations by the Issing Commission - Memo for the G-20 Summit in Seoul | Otmar Issing, Jan Pieter Krahnen, Klaus Regling, William White | Financial Intermediation | Basel III, systemic risk, liquidity support | Nov 2010 |
| Oct 2010 | Stellungnahme zum "Restrukturierungsgesetz" | Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Restruktuierung, Abwicklung | Oct 2010 |
| Aug 2010 | Die Finanzmarktaufsicht in der Krise | Helmut Siekmann | Financial Intermediation | Finanzmarktaufsicht, Ratingagenturen, Abwicklung | Aug 2010 |
| Jul 2010 | Ursachen, Auswirkungen und Lehren der Finanzkrise: Eine systematische Bestandsaufnahme | Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Finanzaufsicht | Jul 2010 |
| Jun 2010 | Criteria for a Workable Approach Towards Bank Levies and Bank Restructuring | Otmar Issing, Jan Pieter Krahnen | Financial Intermediation | systemic risk, bank resolution | Jun 2010 |
| Apr 2009 | Die Rolle von Anreizen für die Zukunfts der Kreditverbriefung | Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Kreditverbriefung, Agency Theorie, Vergütungssysteme | Apr 2009 |
| Feb 2010 | Rescue Strategy Without Moral Hazard – An Attempt to Provide a Master Plan for Avoiding Banking Crises | Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | systemic risk, banking hospital | Feb 2010 |
| Feb 2010 | Rettungsstrategie ohne Moral Hazard – Versuch eines Gesamtkonzepts zur Bankkrisenvermeidung | Jan Pieter Krahnen, Helmut Siekmann | Financial Intermediation | Systemisches Risiko, Bankenhospital | Feb 2010 |
| Nov 2009 | Defining and Measuring Systemic Risk | Stefan Gerlach | Financial Intermediation | systemic risk, statistical risk measurement | Nov 2009 |
| Oct 2009 | Stabilisierung der WestLB AG durch Garantien des Landes NRW | Helmut Siekmann | Financial Intermediation | Landesbanken | Oct 2009 |
| Oct 2009 | Die Neuordnung der Finanzmarktaufsicht | Helmut Siekmann | Financial Intermediation | Finanzmärkte, Rechtsordnung | Oct 2009 |
| Apr 2009 | Die Schaffung von Einrichtungen der Finanzaufsicht auf EU-Ebene | Helmut Siekmann | Financial Intermediation | Gemeinschaftsagenturen, Finanzmarktaufsicht | Apr 2009 |
| Dec 2011 | Kluge Finanzarchitektur zur Begrenzung des systemischen Risikos | Jan Pieter Krahnen | Financial Intermediation | systemisches Risiko, too-big-to-fail, Regulierung | Dec 2011 |
| Nov 2011 | Stellungnahme zum Antrag der SPD-Fraktion auf Einführung einer Finanztransaktionssteuer in Europa | Volker Wieland | Financial Intermediation | Finanztransaktionssteuer, Finanzinnovationen, Finanzspekulation | Nov 2011 |
| Nov 2011 | Long-Term Guarantees and the Countercyclical Premium Under Solvency II | Helmut Gründl, Hato Schmeiser | Financial Intermediation | insurance supervision, capital requirements, Solvency II | Nov 2011 |
| Jul 2011 | Ratingagenturen entmachten - aber wie? | Reinhard H. Schmidt | Financial Intermediation | Ratingagenturen, Marktmacht | Jul 2011 |
| Jul 2011 | "Politiker wollen die Wahrheit nicht hören" | Jan Pieter Krahnen | Financial Intermediation | Ratingagenturen, Schuldenkrise | Jul 2011 |
| Jul 2011 | The Bail-In Puzzle | Jan Pieter Krahnen | Financial Intermediation | debt restructuring, financial stability, bank bonds | Jul 2011 |
| Apr 2011 | Die Bankenabgabe in Deutschland | Helmut Siekmann | Financial Intermediation | Bankenabgabe, Systemisches Risiko, Restrukturierungsgesetz | Apr 2011 |
| Dec 2012 | Europataugliche Einlagensicherung: Vorschlag für eine dreistufige Einlagensicherung mit begrenzter europäischer Haftung | Jan Pieter Krahnen | Financial Intermediation | Bankenunion, Einlagensicherung, Bankinsolvenzen | Dec 2012 |
| Nov 2012 | Comment on the European Parliament Draft Report on the Proposal for a Recovery and Resolution Directive | Jan Pieter Krahnen | Financial Intermediation | bail-in bonds, bank resolution, Liikanen Report | Nov 2012 |
| Apr 2013 | Zukunft der Universalbanken | Michael Kemmer, Jan Pieter Krahnen | Financial Intermediation | Trennbanken, Restrukturierung, Abwicklung, Liikanen-Kommission | Apr 2013 |
| Apr 2013 | Deposit Insurance Suitable for Europe: Proposal for a Three-Stage Deposit Guarantee Scheme with Limited European Liability | Jan Pieter Krahnen | Financial Intermediation | banking union; deposit insurance; bank risk | Apr 2013 |
| Feb 2013 | Civil Liability of Credit Rating Agencies after CRA 3 – Regulatory All-or-Nothing Approaches Between Immunity and Over-Deterrence | Brigitte Haar | Financial Intermediation | Rating Agencies, regulation, contractual liability, CRA3 | Feb 2013 |
| Nov 2012 | Stellungnahme zum Entwurf eines Dritten Gesetzes zur Umsetzung eines Maßnahmenpakets zur Stabilisierung des Finanzmarktes | Helmut Siekmann | Financial Intermediation | Finanzmarktstabilisierungsgesetz, Restrukturierungsfond, systemisches Risiko | Nov 2012 |
| Oct 2012 | Marktkräfte und Finanzstabilität: Desiderate und Anreizwirkungen eines institutionellen Rahmens für Bankenrestrukturierung | Günter Franke, Jan Pieter Krahnen | Financial Intermediation | Ankeranleihen, Bail-in, systemisches Risiko, Bankenrestrukturierung | Oct 2012 |
| Sep 2012 | Neuausrichtung des OTC-Derivate-Marktes als Chance begreifen | Peter Gomber, Thorsten Gommel | Financial Intermediation | EMIR, OTC-Derivate, CDS | Sep 2012 |
| Jul 2012 | Aktuelle Finanzmarktpolitik: Wo bleibt die Nachhaltigkeit? | Reinhard H. Schmidt | Financial Intermediation | Finanzkrise, Finanzmarktpolitik, Regulierung, Nachhaltigkeit | Jul 2012 |
| Apr 2012 | "The Economic Rationale for Financial Regulation” Reconsidered | Richard Herring, Reinhard H. Schmidt | Financial Intermediation | regulation, supervision, systemic risk | Apr 2012 |
| Sep 2011 | Risiko muss wieder kosten | Jan Pieter Krahnen | Financial Intermediation | Anleihemärkte, systemisches Risiko, Bankeninsolvenz | Sep 2011 |
Ongoing Research Projects
| Publication Count | ||||||
|---|---|---|---|---|---|---|
| Financial Intermediation | The Capital Purchase Program and Board Appointment | Christian Mücke, Loriana Pelizzon, Vincenzo Pezone, Anjan Thakor | 2020 | Bail Out, Board Appointments, TARP, Capital Ratio | 123104 | 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 | Asset Concentration Risk and Insurance Solvency Regulation | Helmut Gründl, Fabian Regele | 2019 | Asset Concentration Risk, Name Concentration Risk, Sector Concentration Risk, Systematic Risk, Idiosyncratic Risk, Insurance Regulation, Solvency II, Global Insurance Capital Standards (ICS) | 21134 | 1 |
| Financial Intermediation | Networks and Corporate Governance | Marie Lalanne, Eirini Tatsi | 2019 | Social Networks, Job Referrals, Gender, Boards of Directors, Executives, Corporate Governance | 21231 | 1 |
| Financial Intermediation | How do Startups Grow? | Zhuoer Qiu, Bernd Skiera, Simone Wies | 2019 | Startup Growth, New Ventures, Organizational Competences, Marketing Competence, Growth Pattern, Venture Capital, Human Capital, Startup Performance, Startup Survival | 21233 | 1 |
| Financial Intermediation | Financial Regulation: What the Finance Industry Wants and How It Gets It | Renée Adams, Thomas Mosk | 2019 | 21900 | 1 | |
| Financial Intermediation | Arbitraging Regulatory Bank Capital: Evidence from a Quasi-Natural Experiment | Reint Gropp, Thomas Mosk, Steven Ongena, Ines Simac, Carlo Wix | 2019 | 21900 | 1 | |
| Financial Intermediation, Law and Finance | Foundations of Law and Finance | Rainer Haselmann, Casimiro Antonio Nigro, Tobias Tröger | 2018 | 21291 | 1 | |
| Financial Intermediation | The Rise of Promotional / Development Banks in Contemporary Europe: Potentials and Pitfalls | Daniel Mertens, Matthias Thiemann | 2018 | market failure, industrial policy, promotional banks | 21132 | 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 | |
| Financial Intermediation | The Transformation of Public Interests in Sovereign Debt Disputes – An Empirical Analysis | Matthias Goldmann, Grygoriy Pustovit, Seo Young Shin | 2018 | Sovereign debt, holdout litigation, empirical legal studies, comparative law, public interest | 21138 | 1 |
| Financial Intermediation | A New Approach to Analyze the Retail Banking Market and its Development | Gabriela Alves Werb, Daniel Blaseg, Elham Maleki, Daniel M. Ringel, Bernd Skiera, | 2017 | Financial Markets, Fintech, Market Definition, Market Analysis, Market Structure, Market Evolution, Competition, Market Visualization | 21129 | 1 |
| Financial Intermediation, Macro Finance | Stability through Deliberation: Finance and Public Law | Matthias Goldmann, Grygoriy Pustovit | 2016 | 21193 | 1 | |
| Financial Intermediation, Household Finance | Social Networks and Informal Lines of Credit | Olga Goldfayn, Nathanael Vellekoop | 2016 | Personality; Household consumption and Savings | 21650 | 1 |
| Financial Intermediation, Experiment Center | Financial Interactions in the Presence of Ambiguity | Wenhui Li, Peter Ockenfels, Christian Wilde | 2016 | 21650 | 1 | |
| Financial Intermediation, Experiment Center | Banking Structure and Dynamics of Small and Medium Sized Enterprises | Douglas Cumming, Christian Eufinger, Andrej Gill, David Heller, Jan Krzyzanowski, Uwe Walz | 2016 | 21640 | 1 |
Current Research Team
In this Section: