Philipp Schnabl

New York University (NYU) - Department of Finance

Assistant Professor of Finance

Stern School of Business

44 West 4th Street

New York, NY 10012-1126

United States

http://pages.stern.nyu.edu/~sternfin/pschnabl/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

17

DOWNLOADS
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Top 4,342

in Total Papers Downloads

7,613

CITATIONS
Rank 2,035

SSRN RANKINGS

Top 2,035

in Total Papers Citations

275

Scholarly Papers (17)

1.
Downloads 1,444 ( 9,514)
Citation 74

Securitization Without Risk Transfer

AFA 2010 Atlanta Meetings Paper
Number of pages: 51 Posted: 22 Mar 2009 Last Revised: 25 Feb 2012
Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 1,306 (10,967)
Citation 74

Abstract:

Asset-backed commercial paper (ABCP), shadow banking, regulatory arbitrage, bank capital, conduits, Structured investment vehicle

Securitization Without Risk Transfer

NBER Working Paper No. w15730
Number of pages: 59 Posted: 10 Feb 2010
Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 127 (185,296)
Citation 74

Abstract:

Securitization Without Risk Transfer

CEPR Discussion Paper No. DP8769
Number of pages: 54 Posted: 20 Jan 2012
Viral V. Acharya, Philipp Schnabl and Gustavo Suarez
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 11 (508,332)
Citation 74

Abstract:

asset-backed commercial paper (ABCP), bank capital, conduits, regulatory arbitrage, shadow banking, structured investment vehicle (SIV)

2.

How Safe are Money Market Funds?

Quarterly Journal of Economics, Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 25 Feb 2011 Last Revised: 13 Mar 2013
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 1,101 (14,185)
Citation 8

Abstract:

Risk-Taking Incentives, Money Market Funds, Financial Conglomerates

3.
Downloads 1,001 ( 16,921)

The Deposits Channel of Monetary Policy

Number of pages: 73 Posted: 11 Dec 2014 Last Revised: 31 Mar 2017
Itamar Drechsler, Alexi Savov and Philipp Schnabl
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 977 (17,216)

Abstract:

Monetary policy, deposits, market power, bank lending, liquidity

The Deposits Channel of Monetary Policy

NBER Working Paper No. w22152
Number of pages: 69 Posted: 11 Apr 2016
Itamar Drechsler, Alexi Savov and Philipp Schnabl
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 24 (433,454)

Abstract:

A Model of Monetary Policy and Risk Premia

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 07 Nov 2013 Last Revised: 05 Jan 2017
Itamar Drechsler, Alexi Savov and Philipp Schnabl
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 833 (21,924)

Abstract:

Monetary policy, leverage, risk premia, reaching for yield

A Model of Monetary Policy and Risk Premia

NBER Working Paper No. w20141
Number of pages: 64 Posted: 19 May 2014
Itamar Drechsler, Alexi Savov and Philipp Schnabl
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 19 (462,239)

Abstract:

The International Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market

Journal of Finance, Forthcoming, NYU Working Paper No. FIN-08-008
Number of pages: 46 Posted: 09 Mar 2009 Last Revised: 05 Sep 2011
Philipp Schnabl
New York University (NYU) - Department of Finance
Downloads 656 (30,705)
Citation 24

Abstract:

Bank Liquidity Shocks, Credit Supply Shocks, Foreign-owned Banks, Bank Lending Channel, Emerging Markets, Financial Contagion

Financial Globalization and the Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market

Number of pages: 44 Posted: 09 Mar 2011
Philipp Schnabl
New York University (NYU) - Department of Finance
Downloads 175 (141,089)
Citation 24

Abstract:

Keywords: Bank Liquidity Shocks, Credit Supply Shocks, Foreign-owned Banks, Bank Lending Channel, Emerging Markets, Financial Contagion

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009

Number of pages: 39 Posted: 17 Nov 2009 Last Revised: 19 Nov 2009
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 628 (32,591)
Citation 29

Abstract:

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009

NBER Working Paper No. w15538
Number of pages: 40 Posted: 24 Nov 2009
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 57 (309,583)
Citation 29

Abstract:

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Journal of Finance, Forthcoming
Number of pages: 69 Posted: 19 Jun 2011 Last Revised: 01 Oct 2015
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 521 (41,719)
Citation 39

Abstract:

Financial Crises, Sovereign Debt, Credit Default Swaps

A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk

NBER Working Paper No. w17136
Number of pages: 59 Posted: 20 Jun 2011
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 32 (394,126)
Citation 39

Abstract:

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

NYU Working Paper No. 2451/31331
Number of pages: 59 Posted: 26 Jun 2013
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 23 (439,134)
Citation 39

Abstract:

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

CEPR Discussion Paper No. DP8679
Number of pages: 62 Posted: 22 Dec 2011
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 9 (519,335)
Citation 39

Abstract:

credit default swaps, deleveraging, financial crises, forbearance, growth, sovereign debt

Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09

Economic Review, International Monetary Fund, Forthcoming
Number of pages: 61 Posted: 08 Apr 2010 Last Revised: 21 Apr 2010
Viral V. Acharya and Philipp Schnabl
New York University - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
Downloads 230 (108,418)
Citation 35

Abstract:

Financial crisis, financial fragility, maturity mismatch, capital requirements, tail risk

Do Global Banks Spread Global Imbalances? Asset-Backed Commercial Paper During the Financial Crisis of 2007–09

IMF Economic Review, Vol. 58, No. 1, pp. 37-73, 2010
Number of pages: 37 Posted: 18 Oct 2010
Viral V. Acharya and Philipp Schnabl
New York University - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
Downloads 29 (407,780)
Citation 35

Abstract:

Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09

NBER Working Paper No. w16079
Number of pages: 62 Posted: 14 Jun 2010
Viral V. Acharya and Philipp Schnabl
New York University - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
Downloads 28 (412,545)
Citation 35

Abstract:

9.
Downloads 274 ( 90,599)
Citation 25

Efficient Recapitalization

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 06 Oct 2009 Last Revised: 09 Aug 2012
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 176 (140,380)
Citation 25

Abstract:

Efficient Recapitalization

NBER Working Paper No. w14929
Number of pages: 56 Posted: 03 May 2009
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 67 (284,441)
Citation 25

Abstract:

Efficient Recapitalization

NYU Working Paper No. 2451/28301
Number of pages: 61 Posted: 10 Sep 2013
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 26 (422,708)
Citation 25

Abstract:

Efficient Recapitalization

CEPR Discussion Paper No. DP7516
Number of pages: 63 Posted: 17 Nov 2009
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 5 (540,024)
Citation 25

Abstract:

bailout, capital, financial crisis, moral hazard

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

Number of pages: 48 Posted: 15 Mar 2011 Last Revised: 10 Jun 2013
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 72 (273,079)
Citation 15

Abstract:

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

NYU Working Paper No. FIN-11-008
Number of pages: 49 Posted: 06 Nov 2011
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 33 (389,916)
Citation 15

Abstract:

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

NBER Working Paper No. w16975
Number of pages: 41 Posted: 25 Apr 2011
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 12 (502,599)
Citation 15

Abstract:

11.

A Tale of Two Overhangs: The Nexus of Financial Sector and Sovereign Credit Risks

Financial Stability Review, No. 16, April 2012
Number of pages: 6 Posted: 29 Apr 2012
Viral V. Acharya, Itamar Drechsler and Philipp Schnabl
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 108 (161,460)
Citation 4

Abstract:

Sovereign Debt, Financial Crisis, Bailouts, Debt Overhang, Credit Default Swaps

12.

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Number of pages: 64 Posted: 17 May 2012 Last Revised: 17 May 2013
Viral V. Archarya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 56 (302,733)
Citation 1

Abstract:

financial sector bailouts, sovereign credit risk

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds

NYU Working Paper No. 2451/31335
Number of pages: 58 Posted: 26 Jun 2013
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 27 (417,496)
Citation 7

Abstract:

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds

NBER Working Paper No. w17321
Number of pages: 59 Posted: 29 Aug 2011
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 16 (479,422)
Citation 7

Abstract:

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

NBER Working Paper No. w16727
Number of pages: 55 Posted: 31 Jan 2011
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 11 (508,332)
Citation 1

Abstract:

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

CEPR Discussion Paper No. DP8216
Number of pages: 57 Posted: 31 Jan 2011
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 3 (550,332)
Citation 1

Abstract:

bailouts, crises, debt overhang, recapitalization

15.

Dissecting the Effect of Credit Supply on Trade

NYU Working Paper No. 2451/31297
Number of pages: 49 Posted: 26 Jun 2013
New York University (NYU) - Department of Finance, London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) and Columbia Business School - Finance and Economics
Downloads 8 (446,531)
Citation 12

Abstract:

16.

Banking on Deposits: Maturity Transformation Without Interest Rate Risk

Number of pages: 63 Posted: 22 Mar 2017 Last Revised: 25 Jun 2017
Itamar Drechsler, Alexi Savov and Philipp Schnabl
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 0 (190,506)

Abstract:

Banks, maturity transformation, deposits, interest rate risk

17.

Specialization in Bank Lending: Evidence from Exporting Firms

NBER Working Paper No. w21800
Number of pages: 48 Posted: 14 Dec 2015
Daniel Paravisini, Veronica Rappoport and Philipp Schnabl
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) and New York University (NYU) - Department of Finance
Downloads 0 (515,945)

Abstract: