Karsten Müller
PhD Candidate, University of Warwick


The University of Warwick
Warwick Business School
Coventry, CV4 7AL
United Kingdom
I am currently a visiting PhD student in Finance at the University of Chicago's Booth School of Business. Starting in July, I will spend three months at the Bank of England's Macroprudential Strategy and Support Division.


"The Structure of Credit Markets"
[SSRN]  [Slides]

Summary: I present a novel database on sectoral credit for 105 countries from 1940 through 2014. The business model of financial institutions has shifted from manufacturing credit to household credit over the past 70 years, both in advanced and emerging economies.

"Bank Branching Deregulation and the Syndicated Loan Market" (with Jan Keil)

Summary: Allowing banks to build branching networks across state borders in the US has decreased the credit supply for syndicated loans, which suggests that geographical risk diversification is a major rationale for loan syndication.


"Busy Bankruptcy Courts and the Cost of Credit"

"Do Firms Pledge Their Pledgeable Assets?" (with Jan Keil)
[New version coming soon] [Old version]