Discussion papers

Project C03: Discussion papers

Financial Constraints and the Micro Origins of Aggregate Equity Shocks in Capital Markets¹
675/2025, C03, Tobias König
Assortative Matching, Interbank Markets, and Monetary Policy²
642/2025, C03, Christian Bittner, Rustam Jamilov, Farzad Saidi
May Tax Evasion Help Control Public Debt?³
623/2025, C03, Rosella Levaggi, Francesco Menoncin, Andrea Modena
Coordinating Dividend Taxes and Capital Regulation⁴
622/2025, C03, Salvatore Federico, Andrea Modena, Luca Regis
Too-Many-To-Fail and the Design of Bailout Regimes⁵
613/2024, C03, Wolf Wagner, Jing Zeng
International Policy Coordination in a Multisectoral Model of Trade and Health Policy⁶
612/2024, C03, Viral V. Acharya, Zhengyang Jiang, Robert J. Richmond, Ernst-Ludwig von Thadden
Short-Time Work Extensions⁷
606/2024, A03, C03, Christina Brinkmann, Simon Jäger, Moritz Kuhn, Farzad Saidi, Stefanie Wolter
Optimal Banking Arrangements: Liquidity Creation without Financial Fragility⁸
605/2024, C03, Maxi Guennewig, Yuliyan Mitkov
Insurers Monitor Shocks to Collateral: Micro Evidence from Mortgage-backed Securities⁹
590/2024, C03, Thiemo Fetzer, Benjamin Guin, Felipe Netto, Farzad Saidi
Two Centuries of Systemic Bank Runs¹⁰
589/2024, C03, Rustam Jamilov, Tobias König, Karsten Müller, Farzad Saidi
Strategic Communication Among Banks¹¹
587/2024, C03, Christian Bittner, Falko Fecht, Melissa Pala, Farzad Saidi
Army of Mortgagors: Long-Run Evidence on Credit Externalities and the Housing Market¹²
586/2024, A03, C03, Tobias Herbst, Moritz Kuhn, Farzad Saidi
Credit Supply, Firms, and Earnings Inequality¹³
558/2024, C03, Christian Moser, Farzad Saidi, Benjamin Wirth, Stefanie Wolter
Mixing QE and Interest Rate Policies at the Effective Lower Bound: Micro Evidence from the Euro Area¹⁴
552/2024, C03, Christian Bittner, Alexander Rodnyansky, Farzad Saidi, Yannick Timmer
Tracing Banks’ Credit Allocation to Their Profits¹⁵
551/2024, C03, Anne Duquerroy, Adrien Matray, Farzad Saidi
Blockchain Congestion Facilitates Currency Competition¹⁶
549/2024, C03, Maxi Guennewig
Fiscal Policy and the Balance Sheet of the Private Sector¹⁷
544/2024, C03, Hans Gersbach, Jean-Charles Rochet, Ernst-Ludwig von Thadden
Smart Banks¹⁸
540/2024, C03, Alkis Georgiadis-Harris, Maxi Guennewig, Yuliyan Mitkov
Supply Chain Frictions¹⁹
528/2024, C03, Ying-Ju Chen, Zhengqing Gui, Ernst-Ludwig von Thadden, Xiaojian Zhao
Broken Relationships: De-Risking by Correspondent Banks and International Trade²⁰
478/2023, C03, Lea Borchert, Ralph De Haas, Karolin Kirschenmann, Alison Schultz
Bank Resolution, Deposit Insurance, and Fragility²¹
477/2023, C03, Alkis Georgiadis-Harris, Maxi Guennewig
Implicit and Explicit Deposit Insurance and Depositor Behavior²²
476/2023, C03, Sümeyra Atmaca, Karolin Kirschenmann, Steven Ongena, Koen Schoors
Capital Risk, Fiscal Policy, and the Distribution of Wealth²³
454/2023, C03, Andrea Modena, Luca Regis. Published in Mathematics and Financial Economics 18 (2024), 101007
Dynamic Tax Evasion and Capital Misallocation in General Equilibrium²⁴
453/2023, C03, Francesco Menoncin, Andrea Modena, Luca Regis
Kicking the Can Down the Road: Government Interventions in the European Banking Sector²⁵
446/2023, C03, Viral V. Acharya, Lea Borchert, Maximilian Jager, Sascha Steffen.
Clear(ed) Decision: The Effect of Central Clearing on Firms Financing Decision²⁶
445/2023, C03, Maximilian Jager, Frederick Zadow
Differentiation in Risk Profiles²⁷
444/2023, C03, Christina Brinkmann
Less Bank Regulation, More Non-Bank Lending²⁸
418/2023, C03, Mary Chen, Seung Jung Lee, Daniel Neuhann, Farzad Saidi
Inefficient Bank Recapitalization, Bailout and Post-Crisis Recoveries²⁹
415/2023, C03, Andrea Modena
Dynamic Contracting with Many Agents³⁰
412/2023, C03, Bruno Biais, Hans Gersbach, Jean-Charles Rochet, Ernst-Ludwig von Thadden, Stéphane Villeneuva. First version: April 2023
Value for Money and Selection: How Pricing Affects Airbnb Ratings³¹
411/2023, C03, Christoph Carnehl, Maximilian Schaefer, André Stenzel, Kevin Ducbao Tran
Dynamic Tax Evasion and Growth with Heterogeneous Agents³²
393/2023, C03, Francesco Menoncin, Andrea Modena
Liquidity Regulation and Bank Risk Taking on the Horizon³³
389/2023, C03, Joshua Bosshardt, Ali Kakhbod, Farzad Saidi
Currency Competition with Firms³⁴
378/2022, C03, Maxi Guennewig
Responsible Investment and Responsible Consumption³⁵
330/2022, C03, Hendrik Hakenes, Eva Schliephake
Strategic Pricing and Ratings³⁶
303/2021, B04, C03, Anton Sobolev, Konrad Stahl, André Stenzel, Christoph Wolf
Optimal Retail Contracts with Return Policies³⁷
292/2021, C03, Ying-Ju Chen, Zhengqing Gui, Ernst-Ludwig von Thadden, Xiaojian Zhao
Market Depth, Leverage, and Speculative Bubbles³⁸
275/2021, C03, Zeno Enders, Hendrik Hakenes, Published in: Journal of the European Economic Association, Volume 19, Issue 5, October 2021, Pages 2577-2621
Unequal and Unstable: Income Inequality and Bank Risk³⁹
261/2021, C03, C04, Yuliyan Mitkov, Ulrich Schüwer
Divided We Fall - International Health and Trade Coordination During a Pandemic⁴⁰
248/2020, C03, Viral Acharya, Zhengyang Jiang, Robert J. Richmond, Ernst-Ludwig von Thadden. Published in Covid Economics 60 (2020), 1-56
Debt Maturity and Innovation⁴¹
191/2020, C03, Yuliyan Mitkov
A Simple, Non-Recursive Model of the Spread of COVID-19 with Applications to Policy⁴²
171/2020, C03, Ernst-Ludwig von Thadden. Published in Covid Economics 10 (2020), 24-48
The Role of Social Networks in Bank Lending⁴³
162/2020, C03, C04, Oliver Rehbein, Simon Rother. First version: March 2020
Pricing for the Stars - Dynamic Pricing in the Presence of Rating Systems⁴⁴
143/2020, C03, André Stenzel, Christoph Wolf, Peter Schmidt. First version: January 2020. Published in Proceedings of the 21st ACM Conference on Economics and Computation (EC'20): 273-274, 2020
Can You Trust the Blockchain? The (Limited) Power of Peer-to-Peer Networks for Information Provision⁴⁵
138/2019, C03, Benedikt Franke, Qi Gao, André Stenzel
The Deposit Base - Multibanking and Bank Stability⁴⁶
108/2019, C03, Hendrik Hakenes, Eva Schliephake
Allocating Losses: Bail-Ins, Bailouts and Bank Regulation⁴⁷
091/2019, C03, Todd Keister, Yuliyan Mitkov. First version: May 2019
Inequality and Financial Fragility⁴⁸
090/2019, C03, Yuliyan Mitkov
Opacity, Liquidity and Disclosure Policies⁴⁹
065/2018, C03, André Stenzel, Wolf Wagner. Published in Journal of Business Finance and Accounting 49 (5-6), 658-689
Incentive-Compatibility, Limited Liability and Costly Liquidation in Financial Contracting⁵⁰
064/2018, C03, Zhengqing Gui, Ernst-Ludwig von Thadden, Xiaojian Zhao. Published in Games and Economic Behavior, 118: 412-433, 2019
Model-Based Evaluation of Cooling-off Policies⁵¹
061/2018, C03, Christian Michel, André Stenzel. First version: December 2018. Published in Games and Economic Behavior, 129: 270-293, 2021
Creditor Rights, Information Sharing, and Borrower Behavior: Theory and Evidence⁵²
046/2018, C03, John H. Boyd, Hendrik Hakenes, Amanda Heitz

Project C03: Discussion papers

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