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Martin Schmitz

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 32,090

SSRN RANKINGS

Top 32,090

in Total Papers Downloads

3,943

TOTAL CITATIONS
Rank 4,807

SSRN RANKINGS

Top 4,807

in Total Papers Citations

117

Scholarly Papers (28)

1.
Downloads 405 (180,542)
Citation 4

The Geography of Capital Allocation in the Euro Area

Number of pages: 61 Posted: 06 Apr 2023 Last Revised: 16 Feb 2024
European Central Bank (ECB), Stanford University, Stanford Graduate School of Business, Stanford Graduate School of Business, European Central Bank (ECB) and Columbia University - Columbia Business School, Economics
Downloads 267 (282,555)

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Nationality, Residency, Euro Area, Euro

The Geography of Capital Allocation in the Euro Area

ECB Working Paper No. 2024/3007
Number of pages: 91 Posted: 19 Dec 2024
European Central Bank (ECB), Stanford University, Stanford Graduate School of Business, Stanford Graduate School of Business, European Central Bank (ECB) and Columbia University - Columbia Business School, Economics
Downloads 97 (710,325)
Citation 1

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Capital Markets Union, financial integration, home bias

The Geography of Capital Allocation in the Euro Area

NBER Working Paper No. w32275
Number of pages: 87 Posted: 01 Apr 2024
European Central Bank (ECB), Stanford University, Stanford Graduate School of Business, Stanford Graduate School of Business, European Central Bank (ECB) and Columbia University - Columbia Business School, Economics
Downloads 41 (1,196,631)
Citation 3

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Cross-Border Currency Exposures. New Evidence Based on an Enhanced and Updated Dataset

IMF Working Paper No. 19/299
Number of pages: 44 Posted: 01 Apr 2020
Trinity College (Dublin), International Monetary Fund (IMF), International Monetary Fund (IMF) and European Central Bank (ECB)
Downloads 161 (463,831)

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Foreign currency exposure, External sector, Exchange rate policy, Financial crises, Economic integration, WP, domestic currency, post-crisis, investment position, emerge economy, actual data

Cross-Border Currency Exposures: New Evidence Based on an Enhanced and Updated Dataset

ECB Working Paper No. 20202417
Number of pages: 69 Posted: 27 May 2020
Trinity College (Dublin), International Monetary Fund (IMF), International Monetary Fund (IMF) and European Central Bank (ECB)
Downloads 156 (477,098)
Citation 1

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currency composition, foreign currency exposures, international investment position

3.

The Implications of Globalisation for the ECB Monetary Policy Strategy

ECB Occasional Paper No. 2021263
Number of pages: 93 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
European Central Bank (ECB), Central Bank of Ireland, Banque de France, European Central Bank (ECB), European Central Bank (ECB), Center for Excellence in Finance and Economic Research, Banque de France, Banco de España, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Národná banka Slovenska, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, Banque de France, Deutsche Bundesbank, European Central Bank (ECB), Bank of Finland, Banco de España, European Central Bank (ECB), Bank of Finland - Institute for Economies in Transition (BOFIT), Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank, Bank of Greece, European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Vienna School of International Studies, European Central Bank (ECB), Österreichische Nationalbank, Banque de FranceUniversity of Montreal - Department of Economics, De Nederlandsche Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Banque de France
Downloads 288 (263,338)

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Globalisation, inflation, monetary policy strategy, productivity, r*

4.
Downloads 276 (276,257)
Citation 27

Real Exchange Rate Misalignments in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1162
Number of pages: 70 Posted: 22 Feb 2018
Michael Fidora, Claire Giordano and Martin Schmitz
European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 198 (384,249)
Citation 27

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Real effective exchange rate, equilibrium exchange rate, monetary union, regulation

Real Exchange Rate Misalignments in the Euro Area

ECB Working Paper No. 2108
Number of pages: 56 Posted: 10 Nov 2017
Michael Fidora, Claire Giordano and Martin Schmitz
European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 78 (826,467)

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Real Effective Exchange Rate, Equilibrium Exchange Rate, Monetary Union, Regulation

5.

Foreign Institutional Investors, Monetary Policy, and Reaching for Yield

Number of pages: 76 Posted: 15 Feb 2022
Ahmed Ahmed, Boris Hofmann and Martin Schmitz
University of Chicago, Bank for International Settlements (BIS) - Monetary and Economic Department and European Central Bank (ECB)
Downloads 233 (327,463)

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FX hedging channel, pension funds, life insurance, corporate issuance, credit spreads

International Capital Flows at the Security Level - Evidence from the ECB's Asset Purchase Programme

IMF Working Paper No. 20/46
Number of pages: 47 Posted: 20 Apr 2020
Katharina Bergant, Michael Fidora and Martin Schmitz
International Monetary Fund (IMF) - Research Department, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 104 (674,237)
Citation 2

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Financial and Monetary Sector, Financial crises, Debt securities, Mutual funds, Economic policy, International investment patterns, capital flows, sovereign debt, investorheterogeneity, quantitative easing, WP, PSPP, euro area, debt security, rebalance, MFIs

International Capital Flows at the Security Level: Evidence from the ECB's Asset Purchase Programme

ECB Working Paper No. 2388
Number of pages: 44 Posted: 07 Apr 2020
Michael Fidora, Martin Schmitz and Katharina Bergant
European Central Bank (ECB), European Central Bank (ECB) and International Monetary Fund (IMF) - Research Department
Downloads 96 (715,783)
Citation 4

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capital flows, international investment patterns, investor heterogeneity, quantitative easing, sovereign debt

7.

The Eurosystem's Asset Purchase Programme and Target Balances

ECB Occasional Paper No. 196
Number of pages: 49 Posted: 21 Sep 2017
Morgan Stanley, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 192 (395,523)
Citation 9

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TARGET2, financial structure, asset purchase programme, excess liquidity, balance of payments

8.

Revisting the Effective Exchange Rates of the Euro

ECB Occasional Paper No. 134
Number of pages: 39 Posted: 07 Jul 2012
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), affiliation not provided to SSRN and European Central Bank (ECB)
Downloads 176 (428,796)
Citation 7

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competitiveness, effective exchange rate (EER), harmonised competitiveness indicator (HCI), nominal effective exchange rate (NEER), real effective exchange rate (REER), trade weights

Distance(s) and the Volatility of International Trade(s)

ECB Working Paper No. 2252 (2019); ISBN 978-92-899-3514-2
Number of pages: 44 Posted: 26 Mar 2019
Arnaud Mehl, Martin Schmitz and Cédric Tille
European Central Bank (ECB), European Central Bank (ECB) and Graduate Institute of International and Development Studies (HEI)
Downloads 104 (674,237)
Citation 2

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distance, gravity, volatility, international trade, international finance, Great Trade Collapse

Distance(S) and the Volatility of International Trade(S)

Number of pages: 52 Posted: 14 May 2022
Arnaud Mehl, Martin Schmitz and Cédric Tille
European Central Bank (ECB), European Central Bank (ECB) and Graduate Institute of International and Development Studies (HEI)
Downloads 65 (929,821)

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Distance, gravity, volatility, international trade, international finance, Great Trade Collapse, Covid-19 pandemic

Distance(S) and the Volatility of International Trade(S)

CEPR Discussion Paper No. DP13630
Number of pages: 45 Posted: 01 Apr 2019
Arnaud Mehl, Martin Schmitz and Cédric Tille
European Central Bank (ECB), European Central Bank (ECB) and Graduate Institute of International and Development Studies (HEI)
Downloads 2 (1,657,086)
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distance, Gravity, Great Trade Collapse, international finance, International trade, volatility

10.

America First? A US-centric View of Global Capital Flows

ECB Working Paper No. 2238 (2019); ISBN 978-92-899-3500-5
Number of pages: 36 Posted: 14 Feb 2019
Peter McQuade and Martin Schmitz
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 162 (461,984)
Citation 7

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international capital flows, US financial system, VIX, US dollar exchange rate, monetary policy spillovers

11.

Brexit, What Brexit? Euro Area Portfolio Exposures to the United Kingdom Since the Brexit Referendum

ECB Working Paper No. 2022/2734
Number of pages: 42 Posted: 28 Sep 2022
Daniel Carvalho and Martin Schmitz
Bank of Portugal and European Central Bank (ECB)
Downloads 155 (480,208)

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bilateral portfolio holdings, cross-border investment, investment funds, sovereign debt

12.

The Great Moderation in International Capital Flows: A Global Phenomenon?

ECB Working Paper No. 1952
Number of pages: 45 Posted: 17 Sep 2016
Peter McQuade and Martin Schmitz
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 122 (588,531)
Citation 12

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International capital flows, global financial crisis, external imbalances, monetary policy, macroprudential policy

13.

Cross-Border Banking in the EU Since the Crisis: What is Driving the Great Retrenchment?

ECB Working Paper No. 2130, ISBN: 978-92-899-3135-6
Number of pages: 31 Posted: 28 Feb 2018
Lorenz Emter, Martin Schmitz and Marcel Tirpak
Central Bank of Ireland, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 121 (592,433)
Citation 6

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cross-border banking, international capital flows, deleveraging, financial integration, prudential policies, regulation, bank levy

14.

The Impact of Global Value Chains on the Euro Area Economy

ECB Occasional Paper No. 221 (2019); ISBN 978-92-899-3686-6
Number of pages: 121 Posted: 03 May 2019
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Latvia, European Central Bank (ECB), Board of Governors of the Federal Reserve System, European Central Bank (ECB), European Central Bank (ECB), World Bank, OECD, Goethe University Frankfurt, European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Union - European Commission, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, Frontier Economics and Oesterreichische Nationalbank (OeNB)
Downloads 113 (626,371)
Citation 3

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international trade, global value chains, vertical specialisation, international interlinkages, euro area

15.

Dominant Currency Pricing in International Trade of Services

ECB Working Paper No. 2024/2932
Number of pages: 43 Posted: 26 Apr 2024
João Amador, Arnaud Mehl, Martin Schmitz and Joana Garcia
Bank of Portugal, European Central Bank (ECB), European Central Bank (ECB) and Bank of Portugal
Downloads 112 (630,858)

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dominant currency paradigm, international trade, services

16.

Channels of International Risk-Sharing: Capital Gains versus Income Flows

ECB Working Paper No. 938
Number of pages: 45 Posted: 05 Nov 2008
Thierry Bracke and Martin Schmitz
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 112 (630,858)

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International risk sharing, International portfolio diversification, Consumption smoothing, Cross-border investment, Valuation effects

17.

Shifts in the Portfolio Holdings of Euro Area Investors in the Midst of COVID-19: Looking-Through Investment Funds

ECB Working Paper No. 2021/2526
Number of pages: 38 Posted: 05 Mar 2021
Daniel Carvalho and Martin Schmitz
Bank of Portugal and European Central Bank (ECB)
Downloads 110 (640,165)
Citation 10

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18.

Taking Gravity Online: The Role of Virtual Proximity In International Finance

ECB Working Paper No. 1879
Number of pages: 27 Posted: 08 Feb 2016
Christiane Hellmanzik and Martin Schmitz
University of Hamburg and European Central Bank (ECB)
Downloads 105 (664,543)
Citation 13

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international capital flows, portfolio investment, cultural proximity, hyperlinks

19.

Virtual Proximity and Audiovisual Services Trade

ECB Working Paper No. 1826
Number of pages: 35 Posted: 10 Jul 2015
Christiane Hellmanzik and Martin Schmitz
University of Hamburg and European Central Bank (ECB)
Downloads 96 (709,832)
Citation 5

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International trade; audiovisual services; cultural proximity; hyperlinks; internet

20.

Euro Area Monetary Policy and Target Balances: A Trilogy

ECB Working Paper No. 2022/2750
Number of pages: 37 Posted: 16 Nov 2022
Jens Eisenschmidt, Danielle Kedan and Martin Schmitz
Morgan Stanley, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 84 (777,583)

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asset purchase programme, balance of payments, excess liquidity, TARGET2

21.

Determinants of Currency Choice in Cross-Border Bank Loans

ECB Working Paper No. 2024/2918
Number of pages: 20 Posted: 19 Mar 2024
European Central Bank (ECB), European Central Bank (ECB), Bank for International Settlements (BIS) and European Central Bank (ECB)
Downloads 78 (816,709)

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cross-border banking, currency denomination, dominant currency paradigm, gravity

22.

Intangible Assets of Multinational Enterprises in Ireland and Their Impact on Euro Area Activity

ECB Occasional Paper No. 2024/350
Number of pages: 42 Posted: 11 Jun 2024
European Central Bank (ECB), Central Bank of Ireland, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Systemic Risk Board
Downloads 66 (907,769)
Citation 2

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intangible capital, macroeconomic impact of globalisation, multinational firms

23.

Financial Markets and International Risk Sharing in Emerging Market Economies

ECB Working Paper No. 1451
Number of pages: 25 Posted: 27 Jul 2012
Martin Schmitz
European Central Bank (ECB)
Downloads 63 (933,592)

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International risk sharing, capital gains, cross-border investment, financial globalisation, emerging market economies

24.

Determinants of currency choice in cross-border bank loans∗

Number of pages: 19 Posted: 23 Sep 2025
European Central Bank (ECB), European Central Bank (ECB), Bank for International Settlements (BIS) and European Central Bank (ECB)
Downloads 62 (942,565)

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dominant currency paradigm, currency denomination, cross-border banking, gravity

25.

Financial Remoteness and the Net External Position

ECB Working Paper No. 1330
Number of pages: 35 Posted: 25 Apr 2011
Martin Schmitz
European Central Bank (ECB)
Downloads 48 (1,086,013)

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net foreign assets, cross-border investment, distance, proximity

26.

Reducing Large Net Foreign Liabilities

ECB Working Paper No. 2074
Number of pages: 37 Posted: 14 Jun 2017
Michael Fidora, Martin Schmitz and Céline Tcheng
European Central Bank (ECB), European Central Bank (ECB) and Banque de France
Downloads 42 (1,157,785)
Citation 3

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Net Foreign Assets, External Imbalances, Stock Imbalances, External Adjustment, Valuation Effects

27.

Distance(S) and the Volatility of International Trade(S)

Number of pages: 62 Posted: 01 Mar 2023
Arnaud Mehl, Martin Schmitz and Cédric Tille
European Central Bank (ECB), European Central Bank (ECB) and Graduate Institute of International and Development Studies (HEI)
Downloads 23 (1,411,822)

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Distance, Volatility, International Trade, International Finance, Great Trade Collapse

28.

Asset Elasticities and Currency Risk Transfer

NBER Working Paper No. w34275
Number of pages: 49 Posted: 23 Sep 2025
Board of Governors of the Federal Reserve System, Goethe University Frankfurt, Brown University, Arizona State University (ASU), Deutsche Bundesbank and European Central Bank (ECB)
Downloads 11 (1,534,404)
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