Papers

A. Principal Publications

McGowan, Danny, Nguyen, Huyen, and Klaus Schaeck (forthcoming) Deposit competition and mortgage securitization. Journal of Money, Credit, and Banking.

Danisewicz, Piotr, Lee, Chun Hei (Jonathan), and Klaus Schaeck (2022) Private deposit insurance, deposit flows, bank lending, and moral hazard. Journal of Financial Intermediation, Vol. 52, 100967 .

Danisewicz, Piotr, Danny McGowan, Enrico Onali, and Klaus Schaeck (2021) Debtholder monitoring incentives and bank earnings opacity.  Journal of Financial and Quantitative Analysis, Vol. 56, pp. 1408-1445. 

Danisewicz, Piotr, Danny McGowan, Enrico Onali, and Klaus Schaeck (2018) Debt priority structure, market discipline and bank conduct. Review of Financial Studies, Vol. 31, pp. 4493–4555.

Bruno, Brunella, Enrico Onali, and Klaus Schaeck (2018) Market reaction to bank liquidity regulation. Journal of Financial and Quantitative Analysis, Vol. 53, pp. 899-935.

Danisewicz, Piotr, Danny McGowan, Enrico Onali, and Klaus Schaeck (2018) The real effects of banking supervision: Evidence from enforcement actions. Journal of Financial Intermediation, Vol. 35, Part A, pp. 86-101.

Berger, Allen, Christa H. S. Bouwman, Thomas Kick, and Klaus Schaeck (2016) Bank liquidity creation and risk taking during distress. Journal of Financial Intermediation, Vol. 26, pp. 115-141.

Calderon, Cesar, and Klaus Schaeck (2016) The effects of government interventions in the financial sector on banking competition and the evolution of zombie banks. Journal of Financial and Quantitative Analysis, Vol. 51, pp. 1391-1436.

Berger, Allen, Thomas Kick, and Klaus Schaeck (2014) Executive board composition and bank risk taking. Journal of Corporate Finance, Vol. 28, pp. 48-65.

Schaeck, Klaus, Martin Cihak, Andrea Maechler, and Stephanie Stolz (2012) Who disciplines bank managers? Review of Finance, Vol. 16: pp. 197-243. 

Berger, Allen, and Klaus Schaeck (2011) Small and medium-sized enterprises, bank relationship strength, and the use of venture capital. Journal of Money, Credit, and Banking, Vol. 43, pp. 461-490.

Schaeck, Klaus, Martin Cihak, and Simon Wolfe (2009) Are competitive banking systems more stable? Journal of Money, Credit, and Banking, Vol. 41, pp. 711-734.

B. Other Publications

Molyneux, Phil., Tim Zhou, and Klaus Schaeck (2014) ‘Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions. Journal of International Money and Finance, Vol. 49, Part B, pp. 258–282.

Schaeck, Klaus, and Martin Cihak (2014) Competition, efficiency, and stability in banking. Financial Management , Vol. 43, pp. 215–241.

Berger, Allen, Michael Koetter, Thomas Kick, and Klaus Schaeck (2013) Does it pay to have friends? Social ties and executive appointments in banking. Journal of Banking and Finance, Vol. 37, pp. 2087-2105.

Schaeck, Klaus and Martin Cihak (2012) Banking competition and capital ratios. European Financial Management, Vol. 18, p 18, 836–866.

Cihak, Martin, and Klaus Schaeck (2010) How well do aggregate prudential ratios identify banking problems? Journal of Financial Stability, Vol. 6, pp. 130-144.

Mercieca, Steve, Klaus Schaeck, and Simon Wolfe (2009) Bank market structure, competition, and SME financing relationships in European Regions. Journal of Financial Services Research, Vol. 36, pp. 137-155

Alegria, Carlos, and Klaus Schaeck (2008) On measuring concentration in banking systems. Finance Research Letters, Vol. 5, pp. 59-67.

Schaeck, Klaus (2008) Bank Liability Structure, FDIC Loss, and Time to Failure: A Quantile Regression Approach. Journal of Financial Services Research, Vol. 33, pp. 163-179.

Mercieca, Steve, Klaus Schaeck, and Simon Wolfe (2007) Small European Banks: Benefits from Diversification, Journal of Banking and Finance, Vol. 31, pp. 1975-1998.

C. Working Papers

Schaeck, Klaus, Larissa Fuchs, Huyen Nguyen, and Trang Nguyen (2023) Climate stress tests, bank lending, and the transition to the carbon-neutral economy. Mimeo.

Schaeck, Klaus, Piotr Danisewicz, Min Park, and Yitao Zheng (2024) Global bank lending during political conflicts: Evidence from the agriculture industry. Mimeo.

D. Forever Young 

Schaeck, Klaus, Consuelo Silva Buston, and Wolf Wagner (2014) The two faces of interbank correlation. European Banking Center Discussion Paper No. 2013-015, CentER Discussion Paper Series No. 2013-077.

Kick, Thomas, Enrico Onali, Benedikt Ruprecht, and Klaus Schaeck (2014)  How does the Eurozone crisis affect securities portfolios? Mimeo.

E. Other Output 

Schaeck, Klaus, Huyen Nguyen, and Thomas Kick (2023) Interest rate risk regulation and bank lending: A regression discontinuity approach. SSRN Electronic Journal.