Thomas Krause


I am a Research Economist at Danmarks Nationalbank and Research Affiliate at Halle Institute for Economic Research.

Research Interests

BankingReal Estate FinancePolitical Economy of FinanceFinance and Inequality

Contact 

Thomas KrauseDanmarks NationalbankLangelinie Allee 47DK-2100 KøbenhavnMail: thk@nationalbanken.dk

Publications

Completing the European Banking Union: Capital Cost Consequences for Credit Providers and Corporate Borrowers (with Michael Koetter, Eleonora Sfrappini and Lena Tonzer), 2022, European Economic Review 148.

Drivers of Systemic Risk: Do National and European Perspectives Differ? (with Claudia M. Buch and Lena Tonzer), 2019, Journal of International Money and Finance 91: 160-176.

Delay determinants of European Banking Union implementation (with Michael Koetter and Lena Tonzer), 2019, European Journal of Political Economy 58: 1-20.

The Role of Complexity for Bank Risk during the Financial Crisis: Evidence from a Novel Dataset (with Talina Sondershaus and Lena Tonzer), 2017, Economics Letters 150C: 118-121.

Working Papers

Black Political Representation, Regulatory Credit Access, and Mortgage Lending, 2024. 

Presentations: EWMES (2022, Berlin), EEA (2022, Milan), GEA meeting (2021, Berlin), 1st POLFIN workshop (London, 2020), UEA (Amsterdam, 2019), CFIC (Chicago, 2019), EFA (Warsaw, 2018), AEA (Philadelphia, 2018)

Do Women Political Leaders Enhance Government Financial Conditions? Evidence from U.S. Cities (with Iftekhar Hasan and Yaxuan Qi), 2024.

Presentations: WEAI (2022), AEA (2022), EEA-ESEM (2021), VfS (2021), EFA (Helsinki, 2020), IIPF (Reykjavík, 2020)

How Do EU Banks’ Funding Costs Respond to the CRD IV? An Assessment Based on the Banking Union Directives Database (with Eleonora Sfrappini, Lena Tonzer and Cristina Zgherea), 2024.

Banking market deregulation and mortality inequality (with Iftekhar Hasan, Stefano Manfredonia and Felix Noth), 2023.

Lender-specific mortgage supply shocks and macroeconomic performance in the United States (with Franziska Bremus and Felix Noth), 2021.
Presentations: Riksbank (Stockholm, 2019); NHH (Bergen, 2017); CEF (New York, 2017); IBEFA (San Diego, 2017); RES (Bristol, 2017); IAAE (Milano, 2016); SMYE (Lisboa, 2016)

Income Tax Changes and Household Indebtedness along the Income Distribution (with Mathias Klein), 2021.

Presentations: IIPF (2021), SEHO (Venice, 2020) 


Work in progress

The Effects of Housing Credit Policies: New Evidence from U.S. counties (with Mathias Klein), 2023.
Presentations: CEF (2023)

Female Political Leaders and Entrepreneurship (with Merih Sevilir), 2023.
Presentations: NBER SI (2023), IBEO (2023)

Policy Work

Inequality and Savings (with Henrik Yde Andersen, Alina Bartscher and Andreas Kuchler). Danmarks Nationalbank Economic Memo No. 11, 2022.

Market concentration and the Danish rental market (with Per Andersen and Denis Gorea). Danmarks Nationalbank Economic Memo, No. 5, 2022.

What’s slowing down the European Banking Union? (with Simon Grothe, Michael Koetter and Lena Tonzer). LSE Business Review, 08.10.2019.

Transposition frictions, Banking Union, and integrated financial markets in Europe (with Michael Koetter and Lena Tonzer). G20Insights, Policy Brief, 29.04.2017.

Other Work

Staggered completion of the European Banking Union: Transposition dates of the BRRD (with Michael Koetter, Eleonora Sfrappini and Lena Tonzer). IWH Technical Reports 01/2021 (2021).

Teaching