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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

  • Frankfurt School of Finance and Management

  • BI Norwegian Business School

SCHOLARLY PAPERS

15

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Top 17,999

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6,837

TOTAL CITATIONS
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SSRN RANKINGS

Top 10,495

in Total Papers Citations

95

Scholarly Papers (15)

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1.

Pension Liquidity Risk *

Number of pages: 112 Posted: 25 Jun 2023 Last Revised: 29 May 2026
Kristy A.E. Jansen, Sven Klingler, Angelo Ranaldo and Patty Duijm
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)

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

2.

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

Downloads 983 (58,487)
Citation 61

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.

Pension Liquidity Risk

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
Kristy Jansen, Sven Klingler, Angelo Ranaldo and Patty Duijm
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

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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
Kristy Jansen, Sven Klingler, Angelo Ranaldo and Patty Duijm
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)

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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
Sven Klingler, Suresh M. Sundaresan and Michael A Moran
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
Frank J. Fabozzi, Sven Klingler, Pia Mølgaard and Mads Stenbo Nielsen
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
Kathrin Hackenberg, Viktoria Klaus, Sven Klingler and Talina Sondershaus
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

12.

Disclosing the Undisclosed: Commercial Paper as Hidden Liquidity Buffer

Downloads 242 (316,532)

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

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