SSRN Research Center SAFE Working Paper Series

1.

Too Interconnected to Fail: A Survey of the Interbank Networks Literature

SAFE Working Paper No. 91

Number of pages: 47 Posted: 13 Mar 2015 Last Revised: 11 Nov 2016

Working Paper Series

Anne-Caroline Hüser

Bank of England

Downloads 945

2.

The Single Supervisory Mechanism – Panacea or Quack Banking Regulation?

European Business Organization Law Review, Forthcoming, SAFE Working Paper No. 27

Number of pages: 48 Posted: 18 Aug 2013 Last Revised: 11 Nov 2016

Accepted Paper Series

Tobias H. Troeger

Goethe University Frankfurt - Research Center SAFE

Downloads 840

3.

Does Exchange of Information between Tax Authorities Influence Multinationals’ Use of Tax Havens?

SAFE Working Paper No. 89

Number of pages: 43 Posted: 05 Mar 2015

Working Paper Series

Julia Braun and Alfons J. Weichenrieder

Vienna University of Economics and Business - Department of Economics and Goethe University Frankfurt - Department of Applied Econometrics and International Economic Policy

There are 3 versions of this paper

Downloads 832

4.

Resolution Planning and Structural Bank Reform within the Banking Union

"European Banking Union. Prospects and challenges" (Juan Castaneda, Giannoula Karamichailidou, David Mayes, Geoffrey Wood, eds.), Routledge: 2015, SAFE Working Paper No. 81

Number of pages: 35 Posted: 20 Dec 2014 Last Revised: 11 Nov 2016

Accepted Paper Series

Jens-Hinrich Binder

Eberhard-Karls-University - Faculty of Law

Downloads 628

5.

Financial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration

The Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds. Eilís Ferran, Niamh Moloney, and Jennifer Payne), Forthcoming, SAFE Working Paper No. 57,

Number of pages: 52 Posted: 28 Jun 2014

Accepted Paper Series

Brigitte Haar

Goethe University Frankfurt - Research Center SAFE

Downloads 539

6.

Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment

SAFE Working Paper No. 156

Number of pages: 86 Posted: 01 Dec 2016 Last Revised: 22 Jan 2018

Working Paper Series

Reint Gropp, Thomas C. Mosk, Steven Ongena and Carlo Wix

Halle Institute for Economic Research, Goethe University Frankfurt - Research Center SAFE, University of Zurich - Department of Banking and Finance and Goethe University Frankfurt - Research Center SAFE

There are 2 versions of this paper

Downloads 527

7.

The Dynamics of Crises and the Equity Premium

SAFE Working Paper No. 11

Number of pages: 48 Posted: 02 Jul 2010 Last Revised: 20 May 2015

Working Paper Series

Nicole Branger, Holger Kraft and Christoph Meinerding

University of Muenster - Finance Center Muenster, Goethe University Frankfurt and Deutsche Bundesbank

Downloads 481

8.

The Effects of Contingent Convertible (CoCo) Bonds on Insurers' Capital Requirements Under Solvency II

SAFE Working Paper No. 98

Number of pages: 37 Posted: 12 Apr 2015

Working Paper Series

Tobias Niedrig and Helmut Gründl

Goethe University Frankfurt, Chair for Insurance and Regulation and Goethe University Frankfurt - Department of Finance

There are 2 versions of this paper

Downloads 471

9.

Rent-Seeking in Elite Networks

Forthcoming in Journal of Political Economy, SAFE Working Paper No. 132

Number of pages: 55 Posted: 03 Feb 2017 Last Revised: 10 Feb 2017

Working Paper Series

Rainer F. H. Haselmann, David Schoenherr and Vikrant Vig

Goethe University Frankfurt - Research Center SAFE, Princeton University, Bendheim Center for Finance and London Business School

Downloads 444

10.

Sovereign Credit Risk, Liquidity, and ECB Intervention: Deus Ex Machina?

SAFE Working Paper No. 95

Number of pages: 66 Posted: 01 Apr 2015

Working Paper Series

Loriana Pelizzon, Marti G. Subrahmanyam, Davide Tomio and Jun Uno

Goethe University Frankfurt - Faculty of Economics and Business Administration, New York University - Stern School of Business, Darden School of Business and Waseda University

Downloads 442

11.

Corporate Groups

German and Nordic Perspectives on Corporate and Capital Market Law 157-200 (Holger Fleischer, Jesper Lau Hansen & Wolf Georg Ringe eds., 2015), SAFE Working Paper No. 66

Number of pages: 44 Posted: 23 Sep 2014 Last Revised: 31 May 2016

Accepted Paper Series

Tobias H. Troeger

Goethe University Frankfurt - Research Center SAFE

Downloads 435

12.

Endogenous Banks' Networks, Cascades and Systemic Risk

SAFE Working Paper No. 12

Number of pages: 76 Posted: 20 Mar 2013 Last Revised: 04 Jul 2014

Working Paper Series

Marcel Bluhm, Ester Faia and Jan Pieter Krahnen

Wang Yanan Institute for Studies in Economics, Goethe University Frankfurt and Faculty of Economics and Business Administration

Downloads 414

13.

Too Complex to Work: A Critical Assessment of the Bail-In Tool Under the European Bank Recovery and Resolution Regime

Journal of Financial Regulation, Vol. 4, Issue 1 , SAFE Working Paper No. 179, European Banking Institute Working Paper No. 12

Number of pages: 41 Posted: 23 Aug 2017 Last Revised: 07 Feb 2018

Accepted Paper Series

Tobias H. Troeger

Goethe University Frankfurt - Research Center SAFE

Downloads 403

14.

The Limits of Model-Based Regulation

SAFE Working Paper No. 75

Number of pages: 52 Posted: 13 Nov 2014 Last Revised: 01 Dec 2014

Working Paper Series

Markus Behn, Rainer F. H. Haselmann and Vikrant Vig

European Central Bank (ECB), Goethe University Frankfurt - Research Center SAFE and London Business School

There are 2 versions of this paper

Downloads 376

15.

Equilibrium Asset Pricing in Directed Networks

SAFE Working Paper No. 74, Finance Down Under 2016 Building on the Best from the Cellars of Finance

Number of pages: 73 Posted: 11 Nov 2014 Last Revised: 29 Oct 2018

Working Paper Series

Nicole Branger, Patrick Konermann, Christoph Meinerding and Christian Schlag

University of Muenster - Finance Center Muenster, BI Norwegian Business School, Deutsche Bundesbank and Goethe University Frankfurt - Research Center SAFE

Downloads 372

16.

Option-Implied Information and Predictability of Extreme Returns

SAFE Working Paper No. 5

Number of pages: 40 Posted: 01 Feb 2013

Working Paper Series

Grigory Vilkov and Yan Xiao

Frankfurt School of Finance & Management and Goethe University Frankfurt

There are 2 versions of this paper

Downloads 361

17.

Competition Between Equity Markets: A Review of the Consolidation Versus Fragmentation Debate

SAFE Working Paper No. 35, Forthcoming in the Journal of Economic Surveys

Number of pages: 32 Posted: 03 Dec 2013 Last Revised: 28 Aug 2016

Working Paper Series

Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber and Christian Westheide

Goethe University Frankfurt Faculty of Economics and Business Administration, Goethe University Frankfurt - Department of Finance, University of Mannheim - Finance Area, Goethe University Frankfurt Faculty of Economics and Business Administration and University of Mannheim - Finance Area

There are 2 versions of this paper

Downloads 352

18.

Does Say on Pay Matter? Evidence from Germany

SAFE Working Paper No. 125

Number of pages: 36 Posted: 29 Jan 2016 Last Revised: 25 Jun 2018

Working Paper Series

Tobias H. Troeger and Uwe Walz

Goethe University Frankfurt - Research Center SAFE and Goethe University Frankfurt - Institute of Economics

Downloads 346

19.

Banking Union and the Governance of Credit Institutions - A Legal Perspective

SAFE Working Paper No. 96/2015

Number of pages: 30 Posted: 09 Apr 2015 Last Revised: 10 Apr 2015

Working Paper Series

Jens-Hinrich Binder

Eberhard-Karls-University - Faculty of Law

Downloads 345

20.

Bank Rescues and Bailout Expectations: The Erosion of Market Discipline During the Financial Crisis

SAFE Working Paper No. 36

Number of pages: 46 Posted: 10 Dec 2013 Last Revised: 31 Oct 2016

Working Paper Series

Florian Hett and Alexander Schmidt

Goethe University Frankfurt - Department of Management and Applied Microeconomics and Deutsche Bundesbank

Downloads 344

21.

Peer Effects and Risk Sharing in Experimental Asset Markets

SAFE Working Paper No. 67

Number of pages: 40 Posted: 03 Oct 2014 Last Revised: 02 Feb 2015

Working Paper Series

Sascha Baghestanian, Paul Gortner and Joel J. van der Weele

Goethe University, Goethe University Frankfurt - Research Center SAFE and University of Amsterdam - Center for Experimental Economics and political Decision making (CREED)

Downloads 327

22.

Systemic Risk in an Interconnected Banking System with Endogenous Asset Markets

SAFE Working Paper No. 48

Number of pages: 50 Posted: 08 Apr 2014

Working Paper Series

Marcel Bluhm and Jan Pieter Krahnen

Wang Yanan Institute for Studies in Economics and Faculty of Economics and Business Administration

Downloads 326

23.

P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?

SAFE Working Paper No. 206, Michael J. Brennan Irish Finance Working Paper Series Research Paper No. 18-13

Number of pages: 67 Posted: 08 May 2018 Last Revised: 28 Nov 2018

Working Paper Series

Calebe de Roure, Loriana Pelizzon and Anjan V. Thakor

Reserve Bank of Australia, Goethe University Frankfurt - Faculty of Economics and Business Administration and Washington University, Saint Louis - John M. Olin School of Business

Downloads 321

24.

Measuring Ambiguity Aversion: A Systematic Experimental Approach

SAFE Working Paper No. 55

Number of pages: 42 Posted: 22 Jun 2014

Working Paper Series

Jan Pieter Krahnen, Peter Ockenfels and Christian Wilde

Faculty of Economics and Business Administration, Goethe University Frankfurt - Institute of Economics and Goethe University Frankfurt - Department of Finance

Downloads 319

25.

Partial Information about Contagion Risk, Self-Exciting Processes and Portfolio Optimization

SAFE Working Paper No. 28

Number of pages: 42 Posted: 02 Jul 2010 Last Revised: 27 Aug 2013

Working Paper Series

Nicole Branger, Holger Kraft and Christoph Meinerding

University of Muenster - Finance Center Muenster, Goethe University Frankfurt and Deutsche Bundesbank

Downloads 319

26.

Pro-Rich Inflation in Europe: Implications for the Measurement of Inequality

SAFE Working Paper No. 209

Number of pages: 44 Posted: 24 May 2018

Working Paper Series

Alfons J. Weichenrieder and Eren Gürer

Goethe University Frankfurt - Department of Applied Econometrics and International Economic Policy and Goethe University Frankfurt - Department of Applied Econometrics and International Economic Policy

There are 2 versions of this paper

Downloads 318

27.

An Optimist Gets the Job Done? Financial Advisers’ Sophistication and Stock Return Expectations

SAFE Working Paper

Number of pages: 48 Posted: 21 Dec 2012 Last Revised: 29 Jun 2017

Working Paper Series

Markku Kaustia, Antti Lehtoranta and Vesa Puttonen

Aalto University School of Business, Bank of Finland and Aalto University - School of Business

There are 2 versions of this paper

Downloads 315

28.

Stock Ownership and Political Behavior: Evidence from Demutualizations

SAFE Working Paper No. 2

Number of pages: 50 Posted: 01 Feb 2013 Last Revised: 12 Dec 2013

Working Paper Series

Markku Kaustia, Samuli Knüpfer and Sami Torstila

Aalto University School of Business, BI Norwegian Business School and Aalto University

Downloads 297

29.

Incentive Effects from Write-down CoCo Bonds: An Empirical Analysis

SAFE Working Paper No. 212

Number of pages: 42 Posted: 19 Jun 2016 Last Revised: 04 Jun 2018

Working Paper Series

Henning Hesse

Goethe University Frankfurt

Downloads 295

30.

How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking

Reshaping Markets. Economic Governance and Liberal Utopia 185-207 (Bertram Lomfeld, Alessandro Somma & Peer Zumbansen (eds.), Cambridge: Cambridge University Press, 2016), SAFE Working Paper No. 68

Number of pages: 22 Posted: 06 Oct 2014 Last Revised: 31 May 2016

Accepted Paper Series

Tobias H. Troeger

Goethe University Frankfurt - Research Center SAFE

Downloads 287

31.

Why MREL Won't Help Much

Journal of Banking Regulation Vol. 19, 2018, Forthcoming, SAFE Working Paper No. 180, European Banking Institute Working Paper No. 13

Number of pages: 30 Posted: 23 Aug 2017 Last Revised: 02 May 2018

Accepted Paper Series

Tobias H. Troeger

Goethe University Frankfurt - Research Center SAFE

Downloads 284

32.

Optimal Consumption and Investment with Epstein-Zin Recursive Utility

SAFE Working Paper No. 52

Number of pages: 43 Posted: 04 Jun 2014 Last Revised: 06 Jul 2016

Working Paper Series

Holger Kraft, Thomas Seiferling and Frank Thomas Seifried

Goethe University Frankfurt, University of Kaiserslautern - Department of Mathematics and University of Trier

There are 2 versions of this paper

Downloads 275

33.

How Do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act

Journal of Financial Intermediation, Forthcoming, SAFE Working Paper No. 38, DIW Berlin Discussion Paper No. 1347

Number of pages: 57 Posted: 19 Dec 2013 Last Revised: 08 Oct 2015

Accepted Paper Series

Claudia Lambert, Felix Noth and Ulrich Schüwer

European Central Bank (ECB), University of Magdeburg and University of Bonn - Institute for Financial Economics and Statistics

Downloads 271

34.

Systemic Co-Jumps

SAFE Working Paper No. 149

Number of pages: 49 Posted: 15 Oct 2016

Working Paper Series

Massimiliano Caporin, Aleksey Kolokolov and Roberto Renò

University of Padua - Department of Statistical Sciences, University of Manchester - Manchester Business School and University of Verona - Department of Economics

Downloads 271

35.

Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries

SAFE Working Paper No. 56

Number of pages: 42 Posted: 27 Jun 2014 Last Revised: 25 Feb 2015

Working Paper Series

Giuliano Curatola, Michael Donadelli, Alessandro Gioffré and Patrick Grüning

Goethe University Frankfurt - Research Center SAFE, Goethe University Frankfurt - Research Center SAFE, University of Florence - Department of Economics and Management and Bank of Lithuania - Center of Excellence for Finance and Economic Research (CEFER)

Downloads 267

36.

Mutual Excitation in Eurozone Sovereign CDS

SAFE Working Paper No. 51

Number of pages: 36 Posted: 19 May 2014 Last Revised: 02 Jun 2014

Working Paper Series

Yacine Ait-Sahalia, Roger J. A. Laeven and Loriana Pelizzon

Princeton University - Department of Economics, University of Amsterdam - Department of Quantitative Economics (KE) and Goethe University Frankfurt - Faculty of Economics and Business Administration

Downloads 266

37.

Spillover Effects among Financial Institutions: A State-Dependent Sensitivity Value-at-Risk Approach

SAFE Working Paper No. 20

Number of pages: 49 Posted: 22 May 2013

Working Paper Series

Zeno Adams, Roland Füss and Reint Gropp

University of St. Gallen - School of Finance, University of St. Gallen - School of Finance and Halle Institute for Economic Research

Downloads 255

38.

Monetary Policy and Risk Taking

SAFE Working Paper No. 8

Number of pages: 41 Posted: 09 Mar 2013

Working Paper Series

Ignazio Angeloni, Ester Faia and Marco Lo Duca

Italian Finance Ministry - International Financial Relations, Goethe University Frankfurt and European Central Bank (ECB)

Downloads 254

39.

Non-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany

SAFE Working Paper No. 107

Number of pages: 38 Posted: 02 Jun 2015 Last Revised: 03 Jun 2015

Working Paper Series

Daniel Powell and Marc Steffen Rapp

University of Marburg - School of Business & Economics and University of Marburg - School of Business & Economics

Downloads 250

40.

Asset Pricing Under Uncertainty About Shock Propagation

SAFE Working Paper No. 34

Number of pages: 67 Posted: 28 Nov 2013 Last Revised: 25 Mar 2014

Working Paper Series

Nicole Branger, Patrick Grüning, Holger Kraft, Christoph Meinerding and Christian Schlag

University of Muenster - Finance Center Muenster, Bank of Lithuania - Center of Excellence for Finance and Economic Research (CEFER), Goethe University Frankfurt, Deutsche Bundesbank and Goethe University Frankfurt - Research Center SAFE

Downloads 249

41.

Monetary Policy Implementation in an Interbank Network: Effects on Systemic Risk

SAFE Working Paper No. 46

Number of pages: 43 Posted: 29 Mar 2014 Last Revised: 19 Nov 2016

Working Paper Series

Marcel Bluhm, Ester Faia and Jan Pieter Krahnen

Wang Yanan Institute for Studies in Economics, Goethe University Frankfurt and Faculty of Economics and Business Administration

Downloads 243

42.

The Effects of a Low Interest Rate Environment on Life Insurers

SAFE Working Paper No. 65

Number of pages: 60 Posted: 01 Nov 2014 Last Revised: 24 Feb 2018

Working Paper Series

Elia Berdin and Helmut Gründl

Generali & International Center for Insurance Regulation and Goethe University Frankfurt - Department of Finance

There are 3 versions of this paper

Downloads 241

43.

Liquidity Coinsurance and Bank Capital

SAFE Working Paper No. 45

Number of pages: 48 Posted: 13 Mar 2014

Working Paper Series

Fabio Castiglionesi, Fabio Feriozzi, Gyongyi Loranth and Loriana Pelizzon

Tilburg University - Department of Finance, IE Business School, IE University, University of Vienna and Goethe University Frankfurt - Faculty of Economics and Business Administration

Downloads 240

44.

Low-Latency Trading and Price Discovery: Evidence from the Tokyo Stock Exchange in the Pre-Opening and Opening Periods

SAFE Working Paper No. 144

Number of pages: 90 Posted: 21 Sep 2016 Last Revised: 07 Jun 2017

Working Paper Series

Mario Bellia, Loriana Pelizzon, Marti G. Subrahmanyam, Jun Uno and Darya Yuferova

European Commission Joint Research Center - JRC-Ispra, European Commision, Goethe University Frankfurt - Faculty of Economics and Business Administration, New York University - Stern School of Business, Waseda University and Norwegian School of Economics (NHH) - Department of Finance

Downloads 237

45.

How Do Banks React to Catastrophic Events? Evidence from Hurricane Katrina

SAFE Working Paper No. 94

Number of pages: 69 Posted: 28 Mar 2015 Last Revised: 14 Nov 2017

Working Paper Series

Ulrich Schüwer, Claudia Lambert and Felix Noth

University of Bonn - Institute for Financial Economics and Statistics, European Central Bank (ECB) and University of Magdeburg

Downloads 234

46.

The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification

SAFE Working Paper No. 166

Number of pages: 63 Posted: 13 Feb 2017

Working Paper Series

Monica Billio, Massimiliano Caporin, Roberto Panzica and Loriana Pelizzon

Ca Foscari University of Venice - Dipartimento di Economia, University of Padua - Department of Statistical Sciences, Goethe University Frankfurt - Research Center SAFE and Goethe University Frankfurt - Faculty of Economics and Business Administration

Downloads 234

47.