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Sven Klingler

Frankfurt School of Finance and Management

Adickesallee 32-34

Frankfurt am Main, 60322

Germany

BI Norwegian Business School

Assistant Professor

Nydalsveien 37

Oslo, 0442

Norway

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 17,999

SSRN RANKINGS

Top 17,999

in Total Papers Downloads

6,837

TOTAL CITATIONS
Rank 10,495

SSRN RANKINGS

Top 10,495

in Total Papers Citations

95

Scholarly Papers (15)

1.

Pension Liquidity Risk *

Number of pages: 112 Posted: 25 Jun 2023 Last Revised: 29 May 2026
University of Southern California - Marshall School of Business, Frankfurt School of Finance and Management, University of Basel - Faculty of Business and Economics and De Nederlandsche Bank
Downloads 1,180 (45,910)

Abstract:

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Pension funds, fixed income, interest rate swaps, liability hedging, liquidity risk, margin calls, price impact. JEL: E43, G12, G18

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 28 Jul 2016 Last Revised: 21 Feb 2018
Sven Klingler and Suresh M. Sundaresan
Frankfurt School of Finance and Management and Columbia University - Columbia Business School, Finance
Downloads 790 (77,346)
Citation 8

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Pension funds, liability-driven investment, swap spreads, pension protection act, swap rates, limits of arbitrage

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

BIS Working Paper No. 705
Number of pages: 64 Posted: 19 Feb 2018
Sven Klingler and Suresh M. Sundaresan
Frankfurt School of Finance and Management and Columbia University - Columbia Business School, Finance
Downloads 193 (397,774)
Citation 53

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duration, swap spreads, balance sheet constraints, funding status of pension plans, defined benefits, repo, LIBOR

3.

Diminishing Treasury Convenience Premiums: Effects of Dealers' Excess Demand in Auctions

Number of pages: 62 Posted: 10 Mar 2022
Sven Klingler and Suresh M. Sundaresan
Frankfurt School of Finance and Management and Columbia University - Columbia Business School, Finance
Downloads 552 (124,422)
Citation 7

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Convenience premium, Treasury auctions, tender-cover ratios, primary dealers, risk-free rates, OIS, VIX

4.

Life After LIBOR

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 06 Jun 2019 Last Revised: 21 Oct 2020
Sven Klingler and Olav Syrstad
Frankfurt School of Finance and Management and BI Norwegian Business School
Downloads 537 (128,762)
Citation 2

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Benchmark Rates, Financial Regulation, Libor, Repo Rates, Collateral

5.

The SOFR Discount *

Number of pages: 78 Posted: 12 Jul 2022 Last Revised: 07 Jun 2024
Sven Klingler and Olav Syrstad
Frankfurt School of Finance and Management and BI Norwegian Business School
Downloads 490 (145,936)

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Benchmark rates, floating rates, financial regulation, LIBOR, SOFR JEL: E43, G12, G18, G29

6.
Downloads 487 (148,395)
Citation 4

Pension Liquidity Risk

Swiss Finance Institute Research Paper No. 24-16
Number of pages: 75 Posted: 17 Feb 2024
University of Southern California, Frankfurt School of Finance and Management, University of Basel - Faculty of Business and Economics and De Nederlandsche Bank
Downloads 389 (192,085)
Citation 4

Abstract:

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Pension funds, fixed income, interest rate swaps, liability hedging, liquidity risk, margin calls, price impact

Pension Liquidity Risk

De Nederlandsche Bank Working Paper No. 801
Number of pages: 76 Posted: 09 Feb 2024 Last Revised: 29 Feb 2024
University of Southern California, Frankfurt School of Finance and Management, University of Basel - Faculty of Business and Economics and De Nederlandsche Bank
Downloads 98 (705,092)

Abstract:

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Pension funds, fixed income, interest rate swaps, liability hedging, liquidity risk, margin calls, price impact

7.

Corporate Pension Risk Transfers

Number of pages: 65 Posted: 21 Jun 2022 Last Revised: 21 Dec 2022
Frankfurt School of Finance and Management, Columbia University - Columbia Business School, Finance and Goldman Sachs Group, Inc. - Goldman Sachs Asset Management
Downloads 472 (154,228)

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Pension funds, defined benefits, de-risking strategies, pension protection act, life insurance

8.

Safe-Haven CDS Premiums

Number of pages: 82 Posted: 12 Dec 2014 Last Revised: 26 Jan 2018
Sven Klingler and David Lando
Frankfurt School of Finance and Management and Copenhagen Business School - Department of Finance
Downloads 456 (157,846)
Citation 9

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CDS premiums, Capital charges, CVA, CDS-bond basis

9.

High Funding Risk, Low Return

Number of pages: 62 Posted: 11 Nov 2016 Last Revised: 11 May 2021
Sven Klingler
Frankfurt School of Finance and Management
Downloads 433 (167,463)

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Funding Risk, Hedge Funds, Interbank Risk, Libor, Liquidity

10.

Active Loan Trading

Number of pages: 59 Posted: 07 Jul 2017 Last Revised: 24 Dec 2019
Johns Hopkins University - Carey Business School, Frankfurt School of Finance and Management, Copenhagen Business School and Copenhagen Business School - Department of Finance
Downloads 368 (202,609)
Citation 11

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Active management, Collateralized loan obligations (CLOs), Market efficiency, Structured finance, Syndicated loans

11.

CLO Trading of Brown Loans

Number of pages: 56 Posted: 01 Feb 2023 Last Revised: 09 Sep 2025
Catholic University of Eichstaett-Ingolstadt, Karlsruhe Institute of Technology, Frankfurt School of Finance and Management and Lund University School of Economics and Management
Downloads 306 (249,561)
Citation 1

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climate change, private markets, leveraged loans, institutional investors, shadow banks, non-banks, CLOs, Paris Agreement

Disclosing the Undisclosed: Commercial Paper as Hidden Liquidity Buffer

Number of pages: 65 Posted: 10 Mar 2022
Sven Klingler and Olav Syrstad
Frankfurt School of Finance and Management and BI Norwegian Business School
Downloads 232 (327,972)

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Commercial paper, balance sheet management, disclosure, cash management, window dressing

Cash is Not King: Evidence from the Commercial Paper Market

CEPR Discussion Paper No. DP16043
Number of pages: 70 Posted: 14 May 2021
Sven Klingler, Olav Syrstad and Guillaume Vuillemey
Frankfurt School of Finance and Management, BI Norwegian Business School and HEC Paris
Downloads 10 (1,606,395)

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13.

Benchmark Interest Rates in the SOFR Era

Number of pages: 47 Posted: 30 Jun 2025
Matthias Fleckenstein, Sven Klingler and Olav Syrstad
University of Delaware, Frankfurt School of Finance and Management and BI Norwegian Business School
Downloads 191 (418,025)

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Derivatives markets, alternative reference rates, SOFR, swap spreads, repo rates, Treasury markets

14.

The Last Days of LIBOR

Number of pages: 40 Posted: 24 Jun 2025
Sven Klingler, Olav Syrstad and Matthias Fleckenstein
Frankfurt School of Finance and Management, BI Norwegian Business School and University of Delaware
Downloads 107 (664,543)

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Derivatives markets, alternative reference rates, resilience

15.

The On-the-Run Discount

Number of pages: 64 Posted: 12 Jun 2026
Zhuolu Gao and Sven Klingler
Frankfurt School of Finance & Management and Frankfurt School of Finance and Management
Downloads 33

Abstract:

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Convenience Premiums, Government Debt, Liquidity, Primary Dealers, Treasury Auctions, Treasuries