Research

 Published and forthcoming articles

Please find the paper here.

Kicking the can down the road: government interventions in the European banking sector

Co-authored with Viral Acharya, Lea Borchert and Sascha Steffen 

Review of Financial Studies, 2021, 34(9), 4090 - 4131.

Please find the paper here.

The Janus face of bank geographic complexity

Co-authored with Iñaki Aldasoro and Bryan Hardy

Journal of Banking and Finance, 2022, 134, 106040.

Please find the paper here.

Why Did Bank Stocks Crash during COVID-19?

Co-authored with Viral Acharya, Robert Engle and Sascha Steffen

forthcoming, Review of Financial Studies

Working Papers

Please find the paper here (direct) or here (SSRN). 

Clear(ed) decision:  The effect of central clearing on firms’ financing decision

Co-authored with Frederick Zadow
Please find the paper here.

Contingent Credit Under Stress

Co-authored with Viral Acharya and Sascha Steffen

Prepared for the Annual Review of Financial Economics, Vol. 16, 2024

Please find the paper here.

Bank opacity - patterns and implications

Co-authored with Stefan Avdjiev

CEPR Discussion Paper No. 17024

Please find the paper here.

Interbank risk assessment - A simulation approach 

Co-authored with Thomas Siemsen and Johannes Vilsmeier

Bundesbank Discussion Paper No. 23/2020.

Please find the paper here.

Shadow Always Touches the Feet: Implications of Bank Credit Lines to Non-Bank Financial Intermediaries

Co-authored with Viral Acharya, Manasa Gopal and Sascha Steffen

Work in progress

Regulatory Heterogeneity and Credit Allocation

Single authored
Draft available upon request.

Nonlinear Bank Capital Regulation

Co-authored with Karl Schulz
Draft available upon request.