Research Interests
Empirical Banking
International Finance
Monetary Policy
Climate Finance
Publications
Real Effects of Exchange Rate Depreciation: The Roles of Bank Loan Supply and Interbank Markets (with Thorsten Beck, Peter Bednarek and Natalja von Westernhagen), Journal of Money, Credit and Banking, forthcoming
For a summary, see this VoxEU column
This FIRM Newsletter summarizes our paper in German
The Börsenzeitung also covered our paper
Global Factors in Non-core Bank Funding and Exchange Rate Flexibility (with Luís A.V. Catao and Jan Ditzen), Journal of Money, Credit and Banking, forthcoming
Portfolio Flows and Household Portfolios (with Dominik Boddin, Chang Ma and Alessandro Rebucci), European Economic Review, 2025, Vol. 72, article 104904
Reproducibility in Management Science (Authors: Milos Fisar, Ben Greiner, Christoph Huber, Elena Katok, Ali I. Ozkes and the Management Science Reproducibility Collaboration. Note: Member of the Management Science Reproducibility Collaboration), Management Science, 2024, Vol. 70(3), pp. 1343-1356
Bank Bailouts and Economic Growth: Evidence from Cross-Country, Cross-Industry Data (with Valeriya Dinger and Lisardo Erman), Journal of Financial Stability, 2022, Vol. 60, article 100984
Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms (with Peter Bednarek, Chang Ma and Alessandro Rebucci), Review of Financial Studies, 2021, Vol. 34(10), pp. 5077-5134
Cross-Border Debt Flows and Credit Allocation: Firm-Level Evidence from the Euro Area , Journal of Money, Credit and Banking, 2021, Vol. 53(7), pp. 1797-1818.
Capital Account Liberalization and the Composition of Bank Liabilities (with Luís A.V. Catao), Journal of International Money and Finance, 2021, Vol. 116, article 102434
To Whom Do Banks Channel Central Bank Funds? (with Peter Bednarek, Valeriya Dinger and Natalja von Westernhagen), Journal of Banking and Finance, 2021, Vol. 128, article 106082
Cross-Border Capital Flows and Bank Risk-Taking (with Valeriya Dinger), Journal of Banking and Finance, 2020, Vol. 117, article 105842
Inequality and Growth: Industry-Level Evidence (with Lisardo Erman), Journal of Economic Growth, 2019, Vol. 24(3), pp. 283-308
Book Chapters and Other Publications
Quantitative Easing and Portfolio Rebalancing: A Survey of the Empirical Literature (with Tom Hudepohl), in: N. Apergis (editor), Encyclopedia of Monetary Policy, Financial Markets and Banking, 2025, Vol. 1 Elsevier, Academic Press, pp. 66-68
Nationaal Toezicht op de Financiële Sector Belangrijk Voor De Transmissie van Monetair Beleid (with Kasper Roszbach, English translation: National Financial Sector Supervision is Important for the Transmission of Monetary Policy), in: K. Bernoth, V. Sterk and T. Willems (editors), KVS Preadviezen (a Dutch policy-oriented publication), Amsterdam, 2023
Working Papers
A Housing Portfolio Channel of QE Transmission (with Dominik Boddin, Chang Ma and Alessandro Rebucci), Revise & Resubmit at the Journal of Money, Credit and Banking
Cross-Border Bank Flows, Regional Household Credit Booms and Bank Risk-Taking (with Dominik Boddin and Kasper Roszbach), Reject & Resubmit at the American Economic Journal: Macroeconomics
For a summary, see this Norges Bank column
Greening thy Neighbor: How the US Inflation Reduction Act Drives Climate Finance Globally (with Alexander Raabe and Yuanjie Tian), Revise & Resubmit at the Review of Corporate Finance Studies
Parts of this research entered the ADB’s Asia-Pacific Climate Report
This blog describes the implications of our research for Asia: Asian Development Blog
Financing Nature: Investment Funds and Biodiversity Risks (with Alexander Raabe)
Parts of this research entered the ADB’s Asian Economic Integration Report
Work in Progress
Quantitative Easing, Banks, and Non-Banks (with Alessandro Rebucci, Horacio Sapriza and Alex Sclip)
Did Targeting Financial Constraints During COVID-19 Make Sense? (with Dominik Boddin, Francesco D'Acunto and Michael Weber)