Policy and Media

Market risk premia

• Monthly worldwide market risk premia using the implied cost of capital methodology: http://www.market-risk-premia.com/market-risk-premia.html

• Schätzung erwarteter Marktrisikoprämien mittels impliziter Kapitalkosten (with Robert Heigemoser, Christoph Kaserer, Daniel Kittlaus and Timo Willershausen), Corporate Finance, Nr. 07-08, 158-165, 2017.

FinTech

• • Bloomberg: Own an Android Phone? You Might Not Get That Loans, May 2018, (https://www.bloomberg.com/view/articles/2018-05-04/algorithms-and-data-could-determine-creditworthiness)

  • Wired: Your Smartphone Choice Could Determine If You’ll Get A Loan, May 2018, (https://www.wired.com/story/your-smartphone-could-decide-whether-youll-get-a-loan/)

  • Voxeu: Digital Footprints and Credit Scoring (https://voxeu.org/article/digital-footprints-and-credit-scoring)

Contingent Capital

• • Financial Times: Europe’s coco bonds risk turning into coco pops, March 2014,
    (http://www.ft.com/cms/s/0/2c4ea5fc-a9e0-11e3-8bd6-00144feab7de.html)

  • Sueddeutsche Zeitung (in German): Coco-Bonds von deutschen Banken, March 2014,
    (http://www.sueddeutsche.de/h5y38v/1907357/Coco-Bonds-von-deutschen-Banken.html)

  • Risk.net: CoCo-Bonds können Krisen verschärfen, November 2014, (https://www.risknet.de/en/topics/risknews/coco-bonds-koennen-krisen-verschaerfen/ad5b13185eb455d839551d87a945c677/)

  • Der Tagesspiegel (in German): Vorsicht vor Bankanleihen, February 2016, (http://www.tagesspiegel.de/wirtschaft/plaene-der-eu-zur-bankenrettung-vorsicht-vor-bankanleihen-kunden-muessen-bei-schieflage-bluten/12917418.html)
    

Regulation

• • FIRM Yearbook 2013: A scrapping scheme for banks’ balance sheets – How to deleverage the financial sector in an alternative way
    (http://www.frankfurt-main-finance.de/fileadmin/user_upload/media/firm/FIRM_Jahrbuch_2013.pdf)

  • Wirtschaftswunder (in German): Trennbankensystem – Von den Versicherungen lernen
    (http://neuewirtschaftswunder.de/2012/09/17/tobias-berg-von-den-versicherungen-lernen/)

  • A Certification Model for Regulatory Arbitrage: Will Regulatory Arbitrage persist under Basel III? (with Bernhard Gehra and Michael Kunisch), published in the Journal of Fixed Income, Fall 2011, 39-56.

  • YouTube: Bank leverage and Capital regulation: https://www.youtube.com/watch?v=gRQzi8BJkao