Sascha Steffen

Frankfurt School of Finance & Management

Adickesallee

32-34

Frankfurt, 60322

Germany

http://www.sascha-steffen.de

SCHOLARLY PAPERS

32

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CITATIONS
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336

Scholarly Papers (32)

1.
Downloads 1,397 ( 12,822)
Citation 37

Syndication, Interconnectedness, and Systemic Risk

Number of pages: 50 Posted: 19 Nov 2009 Last Revised: 18 Dec 2017
Washington University in St. Louis, ZEW – Leibniz Centre for European Economic Research, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 1,129 (17,466)
Citation 41

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Interconnectedness, networks, syndicated loans, systemic risk

Syndication, Interconnectedness, and Systemic Risk

NYU Working Paper No. 2451/31373
Number of pages: 50 Posted: 16 Dec 2011
Jian Cai, Anthony Saunders and Sascha Steffen
Washington University in St. Louis, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 268 (111,822)

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2.

A Zero-Risk Weight Channel of Sovereign Risk Spillovers

Number of pages: 49 Posted: 13 Feb 2014 Last Revised: 18 Jun 2019
Karolin Kirschenmann, Josef Korte and Sascha Steffen
Centre for European Economic Research (ZEW), Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 1,109 (18,286)
Citation 12

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sovereign debt, sovereign risk, spillovers, bank risk, CDS, zero risk weight exemption

Falling Short of Expectations? Stress-Testing the European Banking System

Number of pages: 25 Posted: 23 Dec 2013
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 802 (28,793)
Citation 26

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AQR, stress tests, banking union, bail-out

Falling Short of Expectations? Stress-Testing the European Banking System

CEPS Policy Brief No. 315
Number of pages: 21 Posted: 21 Jan 2014
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 199 (150,444)

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ECB, Asset Quality Review, AQR, European banks, European Banking System

4.

The 'Greatest' Carry Trade Ever? Understanding Eurozone Bank Risks

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 29 Apr 2013 Last Revised: 30 Sep 2015
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 949 (23,014)

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Sovereign debt crisis, banking crisis, risk-shifting, regulatory arbitrage, home bias

5.
Downloads 928 ( 23,767)
Citation 9

Covenant Violations and Dynamic Loan Contracting

Journal of Corporate Finance, Forthcoming, AFA 2013 San Diego Meetings Paper, NYU Working Paper No. FIN-11-042
Number of pages: 74 Posted: 20 Nov 2011 Last Revised: 24 May 2017
Goethe University Frankfurt - Department of Finance, Deutsche Bundesbank - Research Centre, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 775 (30,168)
Citation 9

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Control Rights, Covenant Violation, Dynamic Loan Contracting, Stigma

Covenant Violations, Loan Contracting, and Default Risk of Bank Borrowers

NYU Working Paper No. 2451/31417
Number of pages: 42 Posted: 26 Jun 2013
New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management, Goethe University Frankfurt - Department of Finance and affiliation not provided to SSRN
Downloads 153 (190,375)

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6.

The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

Journal of Finance, Forthcoming
Number of pages: 49 Posted: 02 Nov 2012 Last Revised: 03 Apr 2015
Tobias Berg, Anthony Saunders and Sascha Steffen
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 859 (26,580)
Citation 34

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Options and syndicated loans, fees, asymmetric information

7.

Analyzing Systemic Risk of the European Banking Sector

Handbook on Systemic Risk, J.P. Fouque and J. Langsam, eds., Cambridge University Press, Forthcoming
Number of pages: 37 Posted: 23 Sep 2012
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 765 (31,230)
Citation 5

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Banks, Systemic risk, Europe

What Do a Million Observations Have to Say About Loan Defaults? Opening the Black Box of Relationships

Number of pages: 40 Posted: 17 Mar 2010 Last Revised: 30 Jan 2017
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 595 (43,204)
Citation 28

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Bank lending, relationship specific information, discretion, loan defaults, monitoring, screening

On the Importance of Prior Relationships in Bank Loans to Retail Customers

ECB Working Paper No. 1395
Number of pages: 73 Posted: 21 Nov 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 165 (178,448)
Citation 1

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retail banking, relationships, default rates, monitoring, screening

9.
Downloads 718 ( 34,055)
Citation 11

Government Guarantees and Bank Risk Taking Incentives

AFA 2012 Chicago Meetings Paper
Number of pages: 52 Posted: 15 Mar 2011 Last Revised: 12 Feb 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 416 (67,899)
Citation 6

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Government Guarantees, Exits, Risk Taking, Franchise Value, Financial Crisis, Loans

Government Guarantees and Bank Risk Taking Incentives

CESifo Working Paper Series No. 4706
Number of pages: 53 Posted: 16 Apr 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 163 (180,322)

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government guarantees, exits, risk taking, franchise value, financial crisis, loans

Government Guarantees and Bank Risk Taking Incentives

ESMT Working Paper No. 14-02
Number of pages: 56 Posted: 13 Feb 2014
Goethe University Frankfurt - Department of Finance, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 139 (206,081)
Citation 12

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Government guarantees, exits, risk taking, franchise value, financial crisis, loans

10.

The Wolves of Wall Street: Managerial Attributes and Bank Business Models

Number of pages: 58 Posted: 08 Oct 2015 Last Revised: 30 Aug 2018
University of Edinburgh - Business School, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and University of Leeds - Division of Accounting and Finance
Downloads 698 (35,378)
Citation 2

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Banks, managerial style, corporate governance, risk

11.

A Capital Structure Channel of Monetary Policy

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 67 Posted: 19 Jun 2017 Last Revised: 11 Dec 2018
ESMT European School of Management and Technology, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 661 (38,061)
Citation 1

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debt capital structure, bond debt, unconventional monetary policy, CSPP, real effects

12.

The Costs of Being Private: Evidence from the Loan Market

Review of Financial Studies, Forthcoming
Number of pages: 57 Posted: 01 Feb 2009 Last Revised: 30 May 2011
Anthony Saunders and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 649 (38,942)
Citation 64

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Banks, Syndicated loans, Costs of being private

Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects

Number of pages: 52 Posted: 02 May 2009 Last Revised: 15 Jun 2010
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 571 (45,619)

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Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects

FDIC Working Paper No. 2011-05
Number of pages: 54 Posted: 10 Jan 2012
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 55 (373,232)
Citation 156

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Global Retail Lending in the Aftermath of the Us Financial Crisis: Distinguishing between Supply and Demand Effects

NBER Working Paper No. w16967
Number of pages: 53 Posted: 25 Apr 2011 Last Revised: 14 Jun 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 21 (526,745)

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14.

Lender of Last Resort, Buyer of Last Resort, and a Fear of Fire Sales in the Sovereign Bond Market

ZEW - Centre for European Economic Research Discussion Paper No. 16-019, Swiss Finance Institute Research Paper No. 18-35
Number of pages: 69 Posted: 12 Apr 2016 Last Revised: 09 Oct 2018
Viral V. Acharya, Diane Pierret and Sascha Steffen
New York University - Leonard N. Stern School of Business, HEC - University of Lausanne and Frankfurt School of Finance & Management
Downloads 585 (44,821)
Citation 1

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Bank-sovereign nexus, ECB, financial stability, unconventional monetary policy

Mind the Gap: The Difference between U.S. and European Loan Rates

Number of pages: 55 Posted: 30 Nov 2013 Last Revised: 04 Sep 2017
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 465 (59,268)
Citation 4

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Loans, corporate debt, fees, market integration, globalization

Mind the Gap: The Difference between U.S. and European Loan Rates

ZEW - Centre for European Economic Research Discussion Paper No. 16-018
Number of pages: 50 Posted: 12 Apr 2016
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Copenhagen Business School
Downloads 42 (420,059)
Citation 3

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Loans, corporate debt, fees, market integration, globalization

16.

'Brexit' and the Contraction of Syndicated Lending

Number of pages: 54 Posted: 23 Nov 2016 Last Revised: 20 Jun 2019
Frankfurt School of Finance & Management, New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and Frankfurt School of Finance & Management
Downloads 485 (56,985)
Citation 3

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Brexit, Syndicated Loans, Competition, Financial Centers

17.

Bank Capital, Competition and Loan Spreads

Number of pages: 27 Posted: 14 Feb 2012 Last Revised: 15 Feb 2012
Markus Fischer, Julian A. Mattes and Sascha Steffen
Goethe University Frankfurt - Department of Finance, Goethe University Frankfurt - Department of Finance and Frankfurt School of Finance & Management
Downloads 365 (79,944)
Citation 6

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capital ratio, competition, information asymmetry, loan spreads

18.

Robustness, Validity and Significance of the ECB's Asset Quality Review and Stress Test Exercise

Number of pages: 42 Posted: 02 Nov 2014
Sascha Steffen
Frankfurt School of Finance & Management
Downloads 302 (98,857)
Citation 6

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SSM, Banking Union, ECB, stress test

19.

Do Information Rents in Loan Spreads Persist over the Business Cycles?

Journal of Financial Services Research, Forthcoming
Number of pages: 29 Posted: 03 Mar 2008 Last Revised: 08 Feb 2012
Julian A. Mattes, Sascha Steffen and Mark Wahrenburg
Goethe University Frankfurt - Department of Finance, Frankfurt School of Finance & Management and Faculty of Economics and Business Administration
Downloads 266 (113,211)
Citation 5

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Syndicated loans, Hold-up, Lending relationships, Business cycle

20.

Rules Versus Discretion in Bank Lending Decisions

Number of pages: 43 Posted: 20 Mar 2011
Manju Puri, Jörg Rocholl and Sascha Steffen
Duke University - Fuqua School of Business, ESMT European School of Management and Technology and Frankfurt School of Finance & Management
Downloads 236 (128,003)
Citation 10

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Bank lending, discretion, soft information, default rates

21.

Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?

Number of pages: 54 Posted: 16 Nov 2015 Last Revised: 15 May 2019
New York University - Leonard N. Stern School of Business, Deutsche Bundesbank - Research Centre, Frankfurt School of Finance & Management and Goethe University Frankfurt - House of Finance
Downloads 223 (135,304)
Citation 9

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Central Bank Liquidity, Unconventional Monetary Policy, Monetary Policy Transmission, Corporate Deposits, Financial Crisis, Banking Crisis, Loans, Real Effects

22.

Kicking the Can Down the Road: Government Interventions in the European Banking Sector

Number of pages: 69 Posted: 14 Oct 2018
Viral V. Acharya, Sascha Steffen and Lea Steinruecke
New York University - Leonard N. Stern School of Business, Frankfurt School of Finance & Management and ZEW – Leibniz Centre for European Economic Research
Downloads 162 (181,002)

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regulatory forbearance; evergreening; zombie lending; sovereign debt crisis; bank recapitalization; fiscal constraints; political economy

23.

Are Risky Banks Rationed by Corporate Depositors?

Number of pages: 55 Posted: 21 Feb 2017 Last Revised: 25 Apr 2019
Goethe University Frankfurt, Deutsche Bundesbank - Research Centre, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 158 (184,967)
Citation 1

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Auctions, Corporate Deposits, Rationing

24.

Diversification or Specialization? An Analysis of Distance and Collaboration in Loan Syndication Networks

Number of pages: 47 Posted: 25 Feb 2017
Washington University in St. Louis, ZEW – Leibniz Centre for European Economic Research, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 149 (194,270)
Citation 3

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Syndicated loans, Networks, Bank competition, Specialization, Screening

25.

Loan Syndication Structures and Price Collusion

Number of pages: 50 Posted: 09 Oct 2018
Washington University in St. Louis, ZEW – Leibniz Centre for European Economic Research, New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 124 (224,723)

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Syndicated Loans, Loan Syndication Structure, Loan Pricing, Price Collusion

26.

Similar Investors

Number of pages: 50 Posted: 09 Oct 2018 Last Revised: 28 Apr 2019
Co-Pierre Georg, Diane Pierret and Sascha Steffen
Deutsche Bundesbank, HEC - University of Lausanne and Frankfurt School of Finance & Management
Downloads 67 (333,185)

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institutional investors, liquidity risk, wholesale funding

27.

The Zero Risk Fallacy? Banks' Sovereign Exposure and Sovereign Risk Spillovers

ZEW - Centre for European Economic Research Discussion Paper No. 17-069
Number of pages: 62 Posted: 21 Dec 2017
Karolin Kirschenmann, Josef Korte and Sascha Steffen
Centre for European Economic Research (ZEW), Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 38 (427,269)
Citation 5

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Sovereign debt, sovereign risk, bank risk, CDS, contagion, zero risk weight, Basel III, CRD, EBA capital exercise

28.

Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?

CFS Working Paper, No. 620, 2019
Number of pages: 60 Posted: 07 May 2019 Last Revised: 21 May 2019
Government of India - Reserve Bank of India, Deutsche Bundesbank - Research Centre, Frankfurt School of Finance & Management and Goethe University Frankfurt - House of Finance
Downloads 28 (471,410)

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central bank liquidity, monetary policy transmission, corporate deposits, financial crisis, lender of last resort, banking crisis, loans, real effects

29.

Feasibility Check: Transition to a New Regime for Bank Sovereign Exposure?

Number of pages: 46 Posted: 01 May 2018
Yannik Schneider and Sascha Steffen
University of Mannheim and Frankfurt School of Finance & Management
Downloads 22 (503,939)

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sovereign bonds, banks, safe assets, regulation

30.

The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks

NBER Working Paper No. w19039
Number of pages: 66 Posted: 11 May 2013 Last Revised: 16 May 2013
Viral V. Acharya and Sascha Steffen
New York University - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 12 (562,373)
Citation 174

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31.

The Total Costs of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

ZEW - Centre for European Economic Research Discussion Paper No. 17
Number of pages: 51 Posted: 14 Sep 2018
Tobias Berg, Anthony Saunders and Sascha Steffen
Frankfurt School of Finance & Management, New York University (NYU) - Leonard N. Stern School of Business and Frankfurt School of Finance & Management
Downloads 8 (587,106)
Citation 32

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32.

Exit Strategies of Buyout Investments - An Empirical Analysis

EFA 2008 Athens Meetings Paper, https://doi.org/10.3905/JAI.2010.12.4.058
Posted: 22 May 2019
Sascha Steffen, Daniel Schmidt and Franziska Szabó
Frankfurt School of Finance & Management, University of Frankfurt, CEPRES Center of Private Equity Research and affiliation not provided to SSRN

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Leveraged Buyouts, Private Equity, Exits, Business cycle