Ralf Meisenzahl

Federal Reserve Bank of Chicago

230 South LaSalle Street

Chicago, IL 60604

United States

http://www.ralfmeisenzahl.com

  • Federal Reserve Bank of Chicago

SCHOLARLY PAPERS

33

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7,929

TOTAL CITATIONS
Rank 2,129

SSRN RANKINGS

Top 2,129

in Total Papers Citations

343

Scholarly Papers (33)

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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 1,706 (22,664)
Citation 68

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Bank Lending, Bank Monitoring, Syndicated Loans

2.

The Rise of Shadow Banking: Evidence from Capital Regulation

Downloads 847 (62,587)
Citation 31

The Rise of Shadow Banking: Evidence from Capital Regulation

Number of pages: 88 Posted: 20 Apr 2018 Last Revised: 29 Feb 2020
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
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 625 (91,642)
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
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
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 220 (297,631)
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
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
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 2 (1,386,507)
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.

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 521 (116,900)

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

4.

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
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 507 (120,858)
Citation 10

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5.

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 485 (127,491)
Citation 61

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

6.

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

Downloads 457 (136,953)
Citation 48

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 396 (160,024)
Citation 3

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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 61 (782,706)
Citation 45

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7.

Ownership Concentration and Performance of Deteriorating Syndicated Loans

Downloads 400 (159,776)
Citation 4

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 292 (223,605)

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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 106 (557,748)

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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 2 (1,386,507)
Citation 4
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Credit Quality, Debtor Concentration, Leveraged Lending

8.

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

Downloads 397 (161,142)
Citation 40

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 204 (320,171)
Citation 2

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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 193 (337,293)
Citation 38

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

9.

Pipeline Risk in Leveraged Loan Syndication

Downloads 364 (177,575)
Citation 38

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 361 (177,524)

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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 3 (1,379,641)
Citation 38
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Debt overhang, lead arranger share, leveraged loans, pipeline risk, syndicated loans

10.

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 341 (190,694)
Citation 4

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

11.

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 320 (204,253)
Citation 6

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Credit lines, financial crisis, liquidity management, hedging

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 256 (257,834)
Citation 2

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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
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 222 (296,517)

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

14.

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

Downloads 146 (431,302)
Citation 8

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 78 (681,935)
Citation 8

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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 68 (737,918)

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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 143 (438,655)

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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 137 (453,915)
Citation 11

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17.

What Do Lead Banks Learn from Leveraged Loan Investors?

FRB of Chicago Working Paper No. 2023-44
Number of pages: 68 Posted: 19 Dec 2023 Last Revised: 17 Sep 2024
Max Bruche, Ralf Meisenzahl and David X Xu
Humboldt University of Berlin, Federal Reserve Bank of Chicago and Southern Methodist University (SMU) - Finance Department
Downloads 135 (459,451)

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syndicated loans, leveraged loans, underwriting

18.

The Dollar and Corporate Borrowing Costs

Downloads 133 (465,016)
Citation 4

The Dollar and Corporate Borrowing Costs

International Finance Discussion Paper No. 1312
Number of pages: 64 Posted: 14 Jun 2021
Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 80 (671,720)

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The Dollar and Corporate Borrowing Costs

CESifo Working Paper No. 8376
Number of pages: 62 Posted: 23 Jun 2020
Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 52 (849,141)
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
Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 1 (1,395,342)
Citation 3
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Dollar, institutional investors, Loan pricing, Risk Taking, syndicated loans

19.

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

Downloads 122 (497,746)

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 86 (642,835)

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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 36 (998,419)

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

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 110 (538,294)
Citation 1

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industrialization, invention, universities, cities

21.

Life Insurers' Exposure to Commercial Real Estate

Economic Perspectives, No. 5, 2024
Number of pages: 21 Posted: 29 Aug 2024
Jordan E. Brown, Ralf Meisenzahl and Andy Polacek
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago
Downloads 64 (749,378)

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Financial economics, Urban, rural, regional, and transportation economics, Insurance, insurance companies, actuarial studies, Nonagricultural and nonresidential real estate markets

22.

The Dollar Channel of Monetary Policy Transmission

Downloads 62 (761,879)

The Dollar Channel of Monetary Policy Transmission

FRB of Chicago Working Paper No. 2025-06
Number of pages: 53 Posted: 24 Mar 2025
Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 40 (957,010)

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loan pricing, monetary policy spillovers, dollar, institutional investors, risk taking

The Dollar Channel of Monetary Policy Transmission

CESifo Working Paper No. 11777
Number of pages: 54 Posted: 02 Apr 2025
Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
Federal Reserve Bank of Chicago, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 22 (1,167,005)

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loan pricing, monetary policy spillovers, dollar, institutional investors, risk taking

23.

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 50 (847,045)
Citation 3

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

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
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 2 (1,327,274)
Citation 3
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banks, Credit and Risk-Taking Channel, Household and Corporate Loans, monetary policy transmission, Nonbank Intermediaries

25.

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 2 (1,327,274)
Citation 1
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education, growth, Human Capital, institutions, Political Economy, Public Goods, State Capacity

26.

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 (1,342,233)
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cities, Industrialization, Invention, Universities

27.

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
Annie McCrone, Ralf Meisenzahl, Friederike Niepmann and Tim Schmidt-Eisenlohr
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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28.

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

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29.

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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30.

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

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31.

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
Stephane Verani, Maria G. Perozek, Borghan Narajabad, Ralf Meisenzahl and Nathan Foley-Fisher
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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32.

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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