Articles (peer-reviewed)
"Responses of Swiss interest rates and stock prices to ECB policy surprises" (with Diego M. Hager), Swiss Journal of Economics and Statistics 159 (2023), article number 13.
“Shock and awe? Bond yield responses to domestic monetary policy in a small-open economy” (with Marc-Antoine Ramelet), Economics Letters 231 (2023), 111308.
"Stock market evidence on the international transmission channels of US monetary policy surprises" (with Tim D. Maurer), Journal of International Money and Finance 136 (2023), 102866.
"China's anti-corruption campaign and stock returns of luxury goods firms", Financial Markets and Portfolio Management 36 (2022), 159-177
"Central bank reserves and bank lending spreads" (with Lucas M. Fuhrer & Dan Wunderli), Applied Economics Letters 28 (2021), 1301-1305.
"Covered bonds, loan growth and bank funding: the Swiss experience since 1932" (with Jonas Meuli & Thomas Nellen), International Finance 24 (2021), 77-94.
"Carry trade and forward premium puzzle from the perspective of a safe-haven currency" (with David R. Haab) , Review of International Economics 28 (2020), 376-394.
"What Goliaths and Davids among Swiss firms tells about expected returns on Swiss asset markets" (with David R. Haab), Swiss Journal of Economics and Statistics (2019), article number 16.
"Bond market evidence of time variation in exposures to global risk factors and the role of US monetary policy", 2018, Journal of International Money and Finance 83, 44-54.
"Firm size, economic risks and the cross-section of international stock returns" (with Victoria Atanasov), 2017, North American Journal of Economics and Finance 39, 110-126.
"Is there a too-big-to-fail discount in excess returns on German banks' stocks?", 2016, International Finance 19(3), 292-310. DOI: 10.1111/infi.12097.
Figure 3 is not correct. My fault. Here is the right one.
"Semi-parametric estimates of Taylor rules for a small, open economy - Evidence from Switzerland" (with Nikolay Markov) German Economic Review 17(4), 478-490.
Press coverage: Handelszeitung (29 October 2017).
"Exchange rate returns and external adjustment: Evidence from Switzerland" (with Christian Grisse), 2016, Open Economies Review 27(2), 317-339.
"On financial risk and the safe haven characteristics of Swiss franc exchange rates" (with Christian Grisse), 2015, Journal of Empirical Finance 32, 153-164.
Press coverage: Blick (19 April 2013), Finanz und Wirtschaft (19 April 2013 & 20 April 2013).
"Foreign Currency Returns and Systematic Risks" (with Victoria Atanasov (formerly Galsband)), 2015, Journal of Financial and Quantitative Analysis 50, 231-250.
Web appendix with additional results
"Currency excess returns and global downside market risk" (joint with Victoria Atanasov (formerly Galsband)), 2014, Journal of International Money and Finance 47, 268-285.
"What news drive variation in Swiss and US bond and stock excess returns?", 2014, Swiss Journal of Economics and Statistics 150(2), 89-118.
"Developed markets' business cycle dynamics and time variation in emerging markets' asset returns", 2014, Journal of Banking and Finance 42, 76-82.
"The impact of (global) business cycle risk on the German and British stock markets: Evidence from the first age of globalization", 2013, Review of Financial Economics 22, 118-124.
"Momentum in stock market returns: Implications for risk premia on foreign currencies", 2013, Applied Financial Economics 23:7, 551-560.
"Securitization of Mortgage Debt, Domestic Lending and International Risk Sharing" (with Mathias Hoffmann, University of Zurich), 2012, Canadian Journal of Economics 45(2), 493-508.
"About the soundness of the US-cay indicator for predicting international banking crises", 2011, North American Journal of Economics and Finance 22, 237-256. (DOI: 10.1016/j.najef.2011.02.004)
"Cashflow news, the value premium and an asset pricing view on European stock market integration", 2010, Journal of International Money and Finance 29, 1406-1423.
“International evidence for return predictability and its implications for the long-run covariation of the G7 stock markets”, 2010, German Economic Review 11, 527-544.
"Securitization, collateral constraints and consumption risk sharing in the euro area", 2010, Economics Letters 106, 197-199.
“Idiosyncratic consumption risk and predictability of the carry trade Premium: Euro-Area evidence”, 2010, Financial Markets and Portfolio Management 24, 49-65.