Ralf Meisenzahl

Federal Reserve Bank of Chicago

230 South LaSalle Street

Chicago, IL 60604

United States

http://www.ralfmeisenzahl.com

SCHOLARLY PAPERS

31

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in Total Papers Downloads

6,641

SSRN CITATIONS
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SSRN RANKINGS

Top 2,383

in Total Papers Citations

609

CROSSREF CITATIONS

134

Scholarly Papers (31)

1.

Bank Monitoring: Evidence from Syndicated Loans

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 75 Posted: 30 Aug 2016 Last Revised: 20 Nov 2020
Matthew Gustafson, Ivan Ivanov and Ralf Meisenzahl
Pennsylvania State University - Smeal College of Business, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago
Downloads 1,612 (21,437)
Citation 66

Abstract:

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Bank Lending, Bank Monitoring, Syndicated Loans

The Rise of Shadow Banking: Evidence from Capital Regulation

Number of pages: 88 Posted: 20 Apr 2018 Last Revised: 29 Feb 2020
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 594 (84,906)
Citation 28

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Shadow Banks; Risk-Based Capital Regulation; Basel III; Interactions Between Banks and NonBanks; Trading by Banks; Distressed Debt

The Rise of Shadow Banking: Evidence from Capital Regulation

FEDS Working Paper No. 2018-39
Number of pages: 56 Posted: 28 Jun 2018 Last Revised: 29 Apr 2020
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 210 (267,851)
Citation 2

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The Rise of Shadow Banking: Evidence from Capital Regulation

CEPR Discussion Paper No. DP12913
Number of pages: 91 Posted: 24 May 2018 Last Revised: 16 Jun 2020
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 1 (1,178,360)
Citation 1
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Basel III, Distressed debt, Interactions between banks and nonbanks, Risk-based capital regulation, Shadow banks, Trading by banks

3.

The Unreliability of Credit-to-GDP Ratio Gaps in Real-Time: Implications for Countercyclical Capital Buffers

International Journal of Central Banking. Vol. 7, No. 4. pp. 261-298., FEDS Working Paper No. 2011-37
Number of pages: 33 Posted: 08 Nov 2011 Last Revised: 23 Apr 2014
Rochelle M. Edge and Ralf Meisenzahl
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 438 (124,663)
Citation 56

Abstract:

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Countercyclical capital buffers, macroprudential policy, Basel III, trend-cycle decomposition, real-time data

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

Number of pages: 74 Posted: 18 Oct 2014 Last Revised: 08 Feb 2016
Efraim Benmelech, Ralf Meisenzahl and Rodney Ramcharan
Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business
Downloads 379 (145,833)
Citation 3

Abstract:

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liquidity, crises, credit

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

NBER Working Paper No. w22148
Number of pages: 75 Posted: 11 Apr 2016 Last Revised: 09 Jul 2023
Efraim Benmelech, Ralf Meisenzahl and Rodney Ramcharan
Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business
Downloads 48 (743,894)
Citation 38

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5.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 70 Posted: 29 Oct 2019
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 417 (131,972)
Citation 9

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Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register

FEDS Working Paper No. 2015-001, http://dx.doi.org/10.17016/FEDS.2015.001
Number of pages: 68 Posted: 14 Feb 2015
Rustom M. Irani and Ralf Meisenzahl
University of Illinois at Urbana-Champaign - Department of Finance and Federal Reserve Bank of Chicago
Downloads 187 (297,926)
Citation 2

Abstract:

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Bank Risk Management, Financial Crisis, Loan Sales, Wholesale Funding

Loan Sales and Bank Liquidity Management: Evidence from a U.S. Credit Register

Number of pages: 72 Posted: 26 Nov 2014 Last Revised: 29 Jan 2019
Rustom M. Irani and Ralf Meisenzahl
University of Illinois at Urbana-Champaign - Department of Finance and Federal Reserve Bank of Chicago
Downloads 166 (331,246)
Citation 38

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Wholesale Funding; Liquidity Management; Syndicated Loan; Trading by Banks

7.
Downloads 351 (160,041)
Citation 39

Pipeline Risk in Leveraged Loan Syndication

FEDS Working Paper No. 2017-048
Number of pages: 76 Posted: 26 Apr 2017
Max Bruche, Frederic Malherbe and Ralf Meisenzahl
Humboldt University of Berlin, University College London - Department of Economics and Federal Reserve Bank of Chicago
Downloads 349 (159,848)

Abstract:

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Debt Overhang, Lead Arranger Share, Leveraged Loans, Pipeline Risk, Syndicated Loans

Pipeline Risk in Leveraged Loan Syndication

CEPR Discussion Paper No. DP11956
Number of pages: 79 Posted: 21 Apr 2017
Max Bruche, Frederic Malherbe and Ralf Meisenzahl
Humboldt University of Berlin, University College London - Department of Economics and Federal Reserve Bank of Chicago
Downloads 2 (1,169,066)
Citation 38
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Debt overhang, lead arranger share, leveraged loans, pipeline risk, syndicated loans

Ownership Concentration and Performance of Deteriorating Syndicated Loans

Swedish House of Finance Research Paper No. 21-16
Number of pages: 44 Posted: 18 Aug 2021 Last Revised: 30 Aug 2023
Mariassunta Giannetti and Ralf Meisenzahl
Stockholm School of Economics and Federal Reserve Bank of Chicago
Downloads 234 (241,725)

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Creditor Concentration, Credit Quality, Leveraged Lending

Ownership Concentration and Performance of Deteriorating Syndicated Loans

FRB of Chicago Working Paper No. WP-2021-10
Number of pages: 37 Posted: 18 Aug 2021
Mariassunta Giannetti and Ralf Meisenzahl
Stockholm School of Economics and Federal Reserve Bank of Chicago
Downloads 77 (583,043)

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Ownership Concentration and Performance of Deteriorating Syndicated Loans

CEPR Discussion Paper No. DP16452
Number of pages: 39 Posted: 22 Sep 2021
Mariassunta Giannetti and Ralf Meisenzahl
Stockholm School of Economics and Federal Reserve Bank of Chicago
Downloads 0
Citation 2
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Credit Quality, Debtor Concentration, Leveraged Lending

9.

State Capacity and Public Goods: Institutional Change, Human Capital, and Growth in Early Modern Germany

FEDS Working Paper No. 2016-028
Number of pages: 81 Posted: 11 Apr 2016
Jeremiah Dittmar and Ralf Meisenzahl
London School of Economics & Political Science (LSE) and Federal Reserve Bank of Chicago
Downloads 305 (185,817)
Citation 4

Abstract:

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Education, Growth, Human Capital, Institutions, Persistence, State Capacity

10.

Credit Line Use and Availability in the Financial Crisis: The Importance of Hedging

FEDS Working Paper No. 2012-27
Number of pages: 51 Posted: 09 May 2012
Jose M. Berrospide, Ralf Meisenzahl and Briana Sullivan
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and affiliation not provided to SSRN
Downloads 299 (189,823)
Citation 6

Abstract:

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Credit lines, financial crisis, liquidity management, hedging

11.

How Climate Change Shapes Bank Lending: Evidence from Portfolio Reallocation

FRB of Chicago Working Paper No. 2023-12
Number of pages: 39 Posted: 31 Mar 2023
Ralf Meisenzahl
Federal Reserve Bank of Chicago
Downloads 290 (197,385)

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Climate Change, Bank Lending, Portfolio Reallocation, Bank Risk Management

12.

The Real Effects of Credit Line Drawdowns

FEDS Working Paper No. 2015-007, http://dx.doi.org/10.17016/FEDS.2015.007
Number of pages: 54 Posted: 21 Feb 2015
Jose M. Berrospide and Ralf Meisenzahl
Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 232 (244,696)
Citation 2

Abstract:

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Credit Lines, Financial Crisis, Investment, Liquidity Management

13.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

FRB of Chicago Working Paper No. 2022-27
Number of pages: 70 Posted: 22 Jun 2022
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 138 (385,419)

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Nonbank Intermediaries; Banks; Monetary Policy Transmission; Household and Corporate Loans; Credit and Risk-Taking Channel

Verifying the State of Financing Constraints: Evidence from US Business Credit Contracts

FEDS Working Paper No. 2011-04
Number of pages: 56 Posted: 15 Nov 2011
Ralf Meisenzahl
Federal Reserve Bank of Chicago
Downloads 73 (601,555)
Citation 6

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Micro foundations of financing constraints, credit contracts, small business financing

Verifying the State of Financing Constraints: Evidence from US Business Credit Contracts

Number of pages: 53 Posted: 24 Dec 2010 Last Revised: 23 Apr 2014
Ralf Meisenzahl
Federal Reserve Bank of Chicago
Downloads 60 (669,088)

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Financing Frictions, Micro Foundations, Credit Contracts

15.

Nonbank lenders as global shock absorbers: evidence from US monetary policy spillovers

Bank of England Working Paper No. 1012
Number of pages: 50 Posted: 03 Apr 2023
David Elliott, Ralf Meisenzahl and José-Luis Peydró
Bank of England, Federal Reserve Bank of Chicago and Imperial College London
Downloads 122 (423,706)

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Nonbank lending, international monetary policy spillovers, global financial cycle, banks, US dollar funding for non-US firms

16.

The Rate and Direction of Invention in the British Industrial Revolution: Incentives and Institutions

NBER Working Paper No. w16993
Number of pages: 50 Posted: 02 May 2011 Last Revised: 08 Jun 2023
Ralf Meisenzahl and Joel Mokyr
Federal Reserve Bank of Chicago and Northwestern University - Department of Economics
Downloads 122 (423,706)
Citation 11

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17.
Downloads 95 (506,461)
Citation 3

The Dollar and Corporate Borrowing Costs

International Finance Discussion Paper No. 1312
Number of pages: 64 Posted: 14 Jun 2021
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 53 (710,763)

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The Dollar and Corporate Borrowing Costs

CESifo Working Paper No. 8376
Number of pages: 62 Posted: 23 Jun 2020
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 42 (786,860)
Citation 1

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loan pricing, syndicated loans, dollar, institutional investors, risk taking

The Dollar and Corporate Borrowing Costs

CEPR Discussion Paper No. DP14892
Number of pages: 63 Posted: 16 Jun 2020
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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Citation 3
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Dollar, institutional investors, Loan pricing, Risk Taking, syndicated loans

Crisis Liquidity Facilities with Nonbank Counterparties: Lessons from the Term Asset-Backed Securities Loan Facility

FRB of Chicago Working Paper No. 2022-11
Number of pages: 65 Posted: 26 Apr 2022
Ralf Meisenzahl and Karen M. Pence
Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System
Downloads 48 (743,894)

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Nonbank Financial Institutions, Securitization, Lender of Last Resort, Term Asset-Backed Securities Loan Facility, TALF

Crisis Liquidity Facilities with Nonbank Counterparties: Lessons from the Term Asset-Backed Securities Loan Facility

FEDS Working Paper No. 2022-21
Number of pages: 44 Posted: 27 Apr 2022
Ralf Meisenzahl and Karen M. Pence
Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System
Downloads 26 (924,467)

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Non-Bank Financial Institutions, Securitization, Lender of Last Resort, Term Asset-Backed Securities Loan Facility, TALF

19.

What Do Lead Banks Learn from Leveraged Loan Investors?

FRB of Chicago Working Paper No. 2023-44
Number of pages: 57 Posted: 19 Dec 2023 Last Revised: 04 Mar 2024
Max Bruche, Ralf Meisenzahl and David Xiaoyu Xu
Humboldt University of Berlin, Federal Reserve Bank of Chicago and Southern Methodist University (SMU) - Edwin L. Cox School of Businessaffiliation not provided to SSRN
Downloads 44 (753,506)

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syndicated loans, leveraged loans, underwriting

20.

The Research University, Invention, and Industry: Evidence from German History

FRB of Chicago Working Paper No. 2022-24
Number of pages: 75 Posted: 22 Jun 2022
Jeremiah Dittmar and Ralf Meisenzahl
London School of Economics & Political Science (LSE) and Federal Reserve Bank of Chicago
Downloads 39 (789,296)
Citation 1

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industrialization, invention, universities, cities

21.

Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers

FRB of Chicago Working Paper No. 2023-29
Number of pages: 52 Posted: 29 Aug 2023
David Elliott, Ralf Meisenzahl and José-Luis Peydró
Bank of England, Federal Reserve Bank of Chicago and Imperial College London
Downloads 34 (827,996)

Abstract:

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Nonbank lending; International monetary policy spillovers; Global financial cycle; Banks; US dollar funding for non-US firms

22.

The Research University, Invention, and Industry: Evidence from German History

CEPR Discussion Paper No. DP17383
Number of pages: 77 Posted: 23 Jun 2022
Jeremiah Dittmar and Ralf Meisenzahl
London School of Economics and Federal Reserve Bank of Chicago
Downloads 0 (1,138,292)
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cities, Industrialization, Invention, Universities

23.

How the Federal Reserve's Central Bank Swap Lines have Supported U.S. Corporate Borrowers in the Leveraged Loan Market

FEDS Notes No. 2020-11-12-2
Posted: 02 Dec 2020
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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24.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence Since the 1990s

CEPR Discussion Paper No. DP14989
Number of pages: 73 Posted: 28 Jul 2020 Last Revised: 22 Sep 2021
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 0 (1,138,292)
Citation 3
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banks, Credit and Risk-Taking Channel, Household and Corporate Loans, monetary policy transmission, Nonbank Intermediaries

25.

The U.S. Syndicated Term Loan Market: Who Holds What and When?

FEDS Notes No. 2019-11-25
Posted: 19 Dec 2019 Last Revised: 16 Sep 2020
Seung Jung Lee, Dan Li, Ralf Meisenzahl and Martin Sicilian
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Stanford University

Abstract:

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26.

Household Debt-to-Income Ratios in the Enhanced Financial Accounts

FEDS Notes No. 2018-01-11 https://doi.org/10.17016/2380-7172.2138
Posted: 06 Jun 2018
Michael Ahn, Michael Batty and Ralf Meisenzahl
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago

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27.

Auto Financing during and after the Great Recession

FEDS Notes No. 2017-06-22-2 https://doi.org/10.17016/2380-7172.2015
Posted: 15 Oct 2017
Ralf Meisenzahl
Federal Reserve Bank of Chicago

Abstract:

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28.

State Capacity and Public Goods: Institutional Change, Human Capital, and Growth in Historic Germany

CEPR Discussion Paper No. DP12037
Number of pages: 44 Posted: 15 May 2017
Jeremiah Dittmar and Ralf Meisenzahl
London School of Economics and Federal Reserve Bank of Chicago
Downloads 0 (1,138,292)
Citation 1
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education, growth, Human Capital, institutions, Political Economy, Public Goods, State Capacity

29.

Funding Agreement-Backed Securities in the Enhanced Financial Accounts

FEDS Notes No. 2016-08-05-2 http://dx.doi.org/10.17016/2380-7172.1823
Posted: 22 Oct 2016
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and Board of Governors of the Federal Reserve System

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30.

Off-Balance Sheet Items of Depository Institutions in the Enhanced Financial Accounts

FEDS Notes No. 2015-08-28-2 https://doi.org/10.17016/2380-7172.1579
Posted: 24 Oct 2015
Ralf Meisenzahl
Federal Reserve Bank of Chicago

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