Forschungsschwerpunkte

On the risk commonality of US tech firms: Relevance and determinants” (with Peter Grundke and Kai Rohde), Technological Forecasting and Social Change (forthcoming)

“Banks of a Feather: The Informational Advantage of Being Alike” (with Peter Bednarek, Alison Schulz and Natalja von Westerhagen), Journal of Money, Credit and Banking (forthcoming)

“The Real Effects of Distressed Bank Mergers” (with Erik Theissen and Christian Schmidt, University of Mannheim), Journal of Corporate Finance 2024, Vol. 89

“Investment Incentives of Rent Control and Gentrification – Evidence from German Micro Data” (with Vera Baye), Real Estate Economics 2024, Vol. 52

“Identifying the Depreciation Rate of Durables from Marginal Spending Responses” (with Jin Cao, Chao Cui, Martin B. Holm, and Shulong Kang), Journal of Money, Credit and Banking (forthcoming)

“Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates?” (with Jin Cao, Tomas Gomez Traub, Susana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovana, Jasuo Terajima), Journal of Financial Stability 2023, Vol 65

“Financial Globalization and Bank Lending: The Limits of Domestic Monetary Policy” (with Jin Cao), Journal of Financial and Quantitative Analysis 2022, Vol 57

“Bank Bailout and Economic Growth: Evidence from Cross-Country Cross-Industry Data” (with Lisardo Erman and Daniel te Kaat), Journal of Financial Stability 2022, Vol. 60

 “To Whom Do Banks Channel Central Bank Funds?” (with Peter Bednarek, Daniel te Kaat and Natalja von Westernhagen, Journal of Banking and Finance 2021, Vol. 128

“The Interaction between Macroprudential and Monetary Policies: The cases of Norway and Sweden” (with Jin Cao, Anna Gorecka, Ragnar Juelsrud and Xin Zhang), Review of International Economics 2020, Vol. 29: 87-116

“Cross-border Capital Flows and Bank Risk Taking” (with Daniel te Kaat) Journal of Banking and Finance 2020, Vol. 117

“Marketplace Lending and Securitization: Alarming Parallels” (with Peter Grundke and Bernd Hartmann) in Zeitschrift für Bankrecht und Bankwirtschaft 2018 (in German), Vol. 321

“Are Banks More Likely to Issue Equity When They Are Less Capitalized?” (with Francesco Vallascas), Journal of Financial and Quantitative Analysis 2016, Vol 51 (5): 1575-1609

“Bank Mergers and Deposit Rate Rigidity”, Journal of Financial Services Research 2015, Vol. 47 (1): 27-56

“The Tragedy of Commons and Inflation Bias in the Euro Area” (with Sven Steinkamp and Frank Westermann), Open Economies Review 2014, Vol 25 (1): 71-91

 “The Duration of Bank Retail Interest Rates” (with Ben R. Craig), International Journal of the Economics of Business 2014, Vol 21 (2): 191-207

“Deposit Market Competition, Wholesale Funding, and Bank Risk” (with Ben R. Craig), Journal of Banking and Finance 2013, Vol 37 (9): 3695-3732

 “The Competitive Advantage of Incumbents: Evidence from Newly Liberalized Banking Industries” (with Jürgen von Hagen), Journal of Institutional and Theoretical Economics 2011, Vol 167 (4): 578-607

“Does Interbank Borrowing Reduce Bank Risk?” (with Jürgen von Hagen), Journal of Money, Credit and Banking 2009, Vol. 41 (2-3): 491-506

“Bank Mergers and the Dynamics of Deposit Interest Rates” (with Ben R. Craig), Journal of Financial Services Research 2009, Vol. 36 (2-3): 111-133

“Do Foreign-owned Banks Affect Banking System Liquidity Risk?”, Journal of Comparative Economics 2009, Vol. 37 (4): 647-657

“How Small Are the Banking Sectors in Central and Eastern European Countries Really?” (with Jürgen von Hagen), Journal of Financial Regulation and Compliance 2009, Vol. 17 (2): 96-118

“Risk Effects of Bank Specialization in Central and Eastern European Countries” (with Jürgen von Hagen), European Review of Finance and Economics 2004, Vol 3(3)

“Bank Mergers and the Dynamics of Deposit Rates” (with Ben R. Craig) in Evanoff D. (ed.), Proceedings of the 44th Federal Reserve Bank of Chicago Conference on Bank Structure and Competition

“How Large Banks’ Capital Strength Affect Smaller Banks’ Market Values?” (with Francesco Vallascas and Jacky Q. Zhang, Durham University)

“International Financial Integration and Funding Risks” (with Luis Catao, International Monetary Fund and Daniel te Kaat, University of Osnabrueck) IMF Working Paper 17/224

 “Evaluating Interest Rate Adjustment Costs: A Structural Approach” (with Ben R. Craig, Federal Reserve Bank of Cleveland) mimeo, 2018

„Volatile Lending and Bank Wholesale Funding” (with Ben R. Craig, Federal Reserve Bank of Cleveland) Federal Reserve Bank of Cleveland Working Paper, 14/17

“Fundamentals Matter: Idiosyncratic Shocks and Interbank Relations” (with Peter Bednarek, Deutsche Bundesbank and Natalja von Westerhagen, Deustche Bundesbank) Deutsche Bundesbank Discussion Paper 44/2015

„International Risk-Taking Channel” (with Valentina Bruno, American University; Washington DC and Jin Cao, Norges Bank)

“The Nobel Peace Prize Trade Shock, Bank Lending and the Real Economy” (with Jin Cao, Ragnar Julsrud and Karolis Liaudinskas

Financial Management Association 2018 European Conference: Best Paper Award for “Fundamentals Matter: Idiosyncratic Shocks and Interbank Relations” (with Peter Bednarek, Deutsche Bundesbank and Natalja von Westerhagen, Deutsche Bundesbank)

2021-2024: VW Foundation research grant (EUR 645.000) for the project “Marketplace Lending: a Brave New World”
                      (with Peter Grundke, Karsten Müller and Frank Teuteberg)

2017-2019: FIRM (Frankfurt Institute for Risk Management and Regulation) research grant (EUR 72.000) for the project
                       „Bank bail outs and Economic Growth”

2015-2018: German Science Foundation (Deutsche Forschungsgemeinschaft) research grant (EUR 192.000) for the project: “Bank Equity Issues:
                       Determinants, Costs, Systemic and Macroeconomic Effects”. The project is part of the DFG Priority Program “Financial Market
                       Imperfections and Macroeconomic Performance”

2009-2012: German Science Foundation (Deutsche Forschungsgemeinschaft) research grant (EUR 120.000) for the project: „Market Structure and
                       Pricing Policy: an Empirical Examination of the Banking Industry“

2006: German Science Foundation (Deutsche Forschungsgemeinschaft) research grant for the project „Bank Mergers and Deposit Interest Rate
            Dynamics“

2020                            ASSA Meetings, San Diego (AFA Poster Session and IBEFA Winter Meetings)

2019                            FIRM (Gesellschaft für Risikomanagement und Regulierung e.V.) Annual Conference, Trinity College Dublin

2018                            Cologne University, Deutsche Bundesbank, Wuerzburg University

2017                            Bank of England, Bank for International Settlements (BIS, Basel), University of Münster, CEBRA Annual Meeting at Bank of Canada,
                                      German Finance Association Annual Meeting at University of Ulm

2016                            IWH Halle, Dusseldorf University, German Finance Association Meetings in Bonn

2015                            American Social Science Associations (ASSA) Annual Meetings (IBEFA) in Boston, European Economic Association Meetings in
                                      Mannheim

2014                            Central Bank of Finland, Central Bank of Ireland, Norges Bank, Bundesbank-DIW Conference “Achieving Sustainable Financial
                                      Stability”, Deutsche Gesellschaft für Finanzwirtschaft Annual Meetings, University of Bonn, IWH Halle

2013                            49^th Bank Structure Conference, Federal Reserve Bank of Chicago; Financial Intermediation Research Society (FIRS), Dubrovnik;
                                      Konstanz Seminar on Monetary Theory and Monetary Policy; 2^nd Workshop on Financial Intermediation (University of Mainz); Leeds   
                                      University Business School

2012:                          Far-Eastern Meeting of the Econometric Society, Delhi; Mid-West Macroeconomics Meeting, Boulder; German Economic Association
                                     Annual Meeting

2011:                          Federal Reserve Bank of Cleveland, European Business School

2010:                          Federal Reserve Bank of New York “Money and Payments Workshop”; German Finance Association Annual Meeting, Hamburg; 2^nd
                                     Financial Stability Conference, Tilburg; VHB Annual Meeting, Bremen; DIME Conference on Financial Constraints, Nizza; University
                                     of  Münster; ASSA (North American Winter Meeting of the Econometric Society), Atlanta

2009:                          Ces-Ifo Conference on Banking and Institutions, Munich; German Finance Association Annual Meeting; Frankfurt; Federal Reserve
                                     Bank of Boston; Federal Reserve Bank of Cleveland; Financial Intermediation Research Society Meeting, Prague; European Banking
                                     Symposium, Maastricht

2008:                           44^th Bank Structure Conference, Federal Reserve Bank of Chicago; De Nederlandsche Bank Annual Research Conference,
                                      Amsterdam; German Economic Association Annual Meeting, Graz; Finlawmetrics Workshop, Milan

2007:                           20^th Australasian Banking and Finance Conference, Sydney; FDIC-Chicago Fed Conference on Mergers and Acquisitions of Financial
                                      Institutions, Washington DC; European Economic Association Annual Meeting, Budapest; European Meeting of the Econometric
                                      Society, Budapest; European Banking Symposium, Maastricht

2006:                           German Economic Association Annual Meeting, Bayreuth; Federal Reserve Bank of Cleveland; University of Augsburg Research
                                      Seminar;

2005:                           CFS-ECB Network Conference on "Capital Markets and Financial Integration in Europe", Wien; German Economic Association
                                      Annual Meeting, Bonn

2004:                           German Economic Association Annual Meeting, Dresden; Far Eastern Meeting of the Econometric Society, Seoul; Deutsche
                                      Bundesbank Research Seminar; Peking University Research Seminar; XII Tor Vergata Conference, Rom

Journal of Financial and Quantitative Analysis, American Economic Journal: Macroeconomics, Journal of Money, Credit and Banking, Review of Finance, European Economic Review, Journal of Industrial Economics, Scandinavian Journal of Economics, Journal of Banking and Finance, Journal of Economic Surveys, Journal of Financial Stability, Journal of Financial Services Research, Economics of Transition