Refereed journal publications
Risk Targeting and Policy Illusions – Evidence from the Announcement of the Volcker Rule,
with Jussi Keppo, Management Science, Vol. 64, January 2018, download here
Catharsis – The Real Effects of Bank Insolvency and Resolution, Journal of Financial Stability, Vol. 16, February 2015 (also available as Deutsche Bundesbank Discussion Paper No 21/2013), download here
Wishful Thinking or Effective Threat? Tightening Bank Resolution Regimes and Bank
Risk-Taking, with Magdalena Ignatowski, Journal of Financial Stability, Vol. 15, December 2014 (also available as ECB Working Paper Series No 1659), download here
Other publications
A Sovereign Subsidy – Zero Risk Weights and Sovereign Risk Spillovers, with Sascha Steffen, in: The SSM at 1, joint publication of SUERF and Deutsche Bundesbank, 2016, download here
Between Capture and Discretion – The Determinants of Distressed Bank Treatment and
Expected Government Support, with Magdalena Ignatowski and Charlotte Werger, ECB Working
Paper Series No 1835, download here
Why Closing Failed Banks Helps the Real Economy, Safe Bank, Vol. 55(2)
A “Sovereign Subsidy” – Zero Risk Weights and Sovereign Risk Spillovers, with Sascha Steffen,
VoxEU, September 2014, link
The Volcker Rule and Banks’ Risk-taking, with Jussi Keppo, VoxEU, September 2014, link
Resolution Threats and Bank Discipline, with Magdalena Ignatowski, VoxEU, May 2014, link
Working papers
The Zero Risk Fallacy? Banks’ Sovereign Exposure and Sovereign Risk Spillovers, with Karolin Kirschenmann and Sascha Steffen, ZEW Working Paper, download here
