Falko Fecht

Frankfurt School of Finance & Management

Professor for Financial Economics

Sonnemannstraße 9-11

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

28

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3,682

CITATIONS
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Top 8,403

in Total Papers Citations

54

Scholarly Papers (28)

Is Proprietary Trading Detrimental to Retail Investors?

Number of pages: 58 Posted: 12 Mar 2011 Last Revised: 03 Jan 2017
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Rotterdam School of Management, Erasmus University (RSM)
Downloads 619 (31,865)
Citation 1

Abstract:

Conflict of interests, universal banks, proprietary trading, retail investment, retail banking

Is Proprietary Trading Detrimental to Retail Investors?

Bundesbank Discussion Paper No. 42/2013
Number of pages: 40 Posted: 21 Jun 2016
Frankfurt School of Finance & Management, Goethe University Frankfurt - Faculty of Economics and Business Administration and Rotterdam School of Management, Erasmus University (RSM)
Downloads 13 (479,677)
Citation 1

Abstract:

conflict of interests, universal banks, proprietary trading, retail investment, retail banking

Financial Integration, Specialization, and Systemic Risk

Number of pages: 25 Posted: 06 Mar 2007
Falko Fecht, H. P. Gruner and Philipp Hartmann
Frankfurt School of Finance & Management, University of Mannheim - Department of Economics and European Central Bank (ECB)
Downloads 322 (72,247)
Citation 5

Abstract:

Financial integration, interbank market, specialization, financial contagion

Financial Integration, Specialization and Systemic Risk

ECB Working Paper No. 1425
Number of pages: 49 Posted: 21 Feb 2012
Frankfurt School of Finance & Management, University of Mannheim and European Central Bank (ECB)
Downloads 107 (203,071)
Citation 5

Abstract:

financial integration, specialization, interbank market, financial contagion

Financial Integration, Specialization and Systemic Risk

Bundesbank Series 1 Discussion Paper No. 2008,23
Number of pages: 56 Posted: 08 Jun 2016
Frankfurt School of Finance & Management, University of Manheim and European Central Bank (ECB)
Downloads 3 (533,349)
Citation 5

Abstract:

Financial integration, specialization, interbank market, financial contagion

Financial Integration, Specialization, and Systemic Risk

CEPR Discussion Paper No. DP8854
Number of pages: 47 Posted: 01 Mar 2012
Falko Fecht, H. P. Gruner and Philipp Hartmann
Frankfurt School of Finance & Management, University of Mannheim - Department of Economics and European Central Bank (ECB)
Downloads 1 (549,308)
Citation 5

Abstract:

financial contagion, Financial integration, interbank market, risk sharing, specialization

Money Market Derivatives and the Allocation of Liquidity Risk in the Banking Sector

EFA 2006 Zurich Meetings
Number of pages: 30 Posted: 12 Jun 2006
Hendrik Hakenes and Falko Fecht
Finance Group and Frankfurt School of Finance & Management
Downloads 288 (81,898)

Abstract:

Liquidity, money market derivatives, lines of credit, forward contracts, options

Money Market Derivatives and the Allocation of Liquidity Risk in the Banking Sector

Bundesbank Series 2 Discussion Paper No. 2006,12
Number of pages: 52 Posted: 08 Jun 2016
Falko Fecht and Hendrik Hakenes
Frankfurt School of Finance & Management and Finance Group
Downloads 3 (533,349)

Abstract:

Liquidity, money market derivatives, lines of credit, forward contracts, options

The Price of Liquidity: Bank Characteristics and Market Conditions

Swiss Finance Institute Research Paper No. 10-20
Number of pages: 54 Posted: 16 Jun 2010
Falko Fecht, Kjell G. Nyborg and Jörg Rocholl
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 208 (115,298)
Citation 8

Abstract:

banks, liquidity, money markets, repos, short squeezing, financial health

The Price of Liquidity: Bank Characteristics and Market Conditions

Number of pages: 51 Posted: 12 Apr 2010
Falko Fecht, Jörg Rocholl and Kjell G. Nyborg
Frankfurt School of Finance & Management, ESMT European School of Management and Technology and University of Zurich - Department of Banking and Finance
Downloads 42 (342,369)
Citation 8

Abstract:

banks, liquidity, money markets, repos, short squeezing, financial health

The Price of Liquidity: Bank Characteristics and Market Conditions

Bundesbank Series 1 Discussion Paper No. 2008,30
Number of pages: 72 Posted: 08 Jun 2016
Falko Fecht, Kjell G. Nyborg and Jörg Rocholl
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 8 (507,556)
Citation 8

Abstract:

liquidity, banking, squeezes, money markets, repo auctions

The Price of Liquidity: Bank Characteristics and Market Conditions

CEPR Discussion Paper No. DP7794
Number of pages: 54 Posted: 19 May 2010
Falko Fecht, Kjell G. Nyborg and Jörg Rocholl
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 2 (539,862)
Citation 8

Abstract:

banks, financial health, liquidity, money markets, repos, short squeezing

5.
Downloads 244 ( 98,491)
Citation 10

On the Stability of Different Financial Systems

Deutsche Bundesbank Economic Research Centre Working Paper No. 10/03
Number of pages: 56 Posted: 28 May 2003
Falko Fecht
Frankfurt School of Finance & Management
Downloads 243 (98,423)
Citation 10

Abstract:

Comparing financial systems, liquidity crises, financial fragility, bank runs, financial contagion

On the Stability of Different Financial Systems

Bundesbank Series 1 Discussion Paper No. 2003,10
Number of pages: 56 Posted: 08 Jun 2016
Falko Fecht
Frankfurt School of Finance & Management
Downloads 1 (549,308)
Citation 10

Abstract:

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

Number of pages: 60 Posted: 26 Feb 2015
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston, Frankfurt School of Finance & Management and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 170 (139,433)

Abstract:

Interbank liquidity, financial crises, monetary policy, credit supply, credit rationing, information asymmetry, euro area, financial globalization

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

Bundesbank Discussion Paper No. 45/2014
Number of pages: 54 Posted: 21 Jun 2016
Deutsche Bundesbank, Frankfurt School of Finance & Management, Federal Reserve Banks - Federal Reserve Bank of Boston and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 15 (468,113)

Abstract:

interbank liquidity, financial crises, monetary policy, credit supply, credit rationing, information asymmetry, euro area, financial globalization

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

CEPR Discussion Paper No. DP10479
Posted: 09 Mar 2015
Deutsche Bundesbank, Federal Reserve Banks - Federal Reserve Bank of Boston, Frankfurt School of Finance & Management and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 0

Abstract:

credit rationing, credit supply, euro area, financial crises, financial globalization, information asymmetry, interbank liquidity, monetary policy

Limits to International Banking Consolidation

Number of pages: 44 Posted: 28 Feb 2007
Falko Fecht and H. P. Gruner
Frankfurt School of Finance & Management and University of Mannheim - Department of Economics
Downloads 168 (140,919)

Abstract:

Bank Mergers, Financial Integration, Liquidity Transformation, Liquidity Crisis, Risk Sharing

Limits to International Banking Consolidation

Bundesbank Series 2 Discussion Paper No. 2006,11
Number of pages: 44 Posted: 08 Jun 2016
Falko Fecht and Hans Peter Grüner
Frankfurt School of Finance & Management and University of Manheim
Downloads 6 (518,048)

Abstract:

Bank Mergers, Financial Integration, Liquidity Transformation, Liquidity Crisis, Risk Sharing

8.
Downloads 174 (136,523)
Citation 5

Financial Intermediaries, Markets, and Growth

FRB of Kansas City Working Paper No. 04-02
Number of pages: 49 Posted: 05 Aug 2004
Frankfurt School of Finance & Management, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of New York - Research and Statistics
Downloads 173 (137,237)
Citation 5

Abstract:

Financial Intermediaries, Financial Markets, Risk-Sharing, Growth

Financial Intermediaries, Markets and Growth

Bundesbank Series 1 Discussion Paper No. 2005,03
Number of pages: 60 Posted: 08 Jun 2016
Frankfurt School of Finance & Management, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of New York - Research and Statistics
Downloads 1 (549,308)
Citation 5

Abstract:

Financial Intermediaries, Risk Sharing, Finance and Growth, Comparing Financial Systems

Optimal Lender of Last Resort Policy in Different Financial Systems

Number of pages: 30 Posted: 24 Jun 2004
Falko Fecht and Marcel Tyrell
Frankfurt School of Finance & Management and University of Frankfurt
Downloads 167 (141,653)
Citation 1

Abstract:

Comparing Financial Systems, Lender of Last Resort, Liquidity Crises, Financial Contagion

Optimal Lender of Last Resort Policy in Different Financial Systems

Bundesbank Series 1 Discussion Paper No. 2004,39
Number of pages: 49 Posted: 08 Jun 2016
Falko Fecht and Marcel Tyrell
Frankfurt School of Finance & Management and Goethe University Frankfurt - Department of Finance
Downloads 3 (533,349)
Citation 1

Abstract:

Financial Crises, Lender of Last Resort, Comparing Financial Systems

The Dark and the Bright Side of Liquidity Risks: Evidence from Open-End Real Estate Funds in Germany

Deutsche Bundesbank Discussion Paper Series 2, Banking and Financial Studies, 10/2009
Number of pages: 52 Posted: 19 Oct 2009
Falko Fecht and Michael Wedow
Frankfurt School of Finance & Management and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 87 (233,962)

Abstract:

liquidity crisis, runs, strategic complementarities

The Dark and the Bright Side of Liquidity Risks: Evidence from Open-End Real Estate Funds in Germany

Number of pages: 38 Posted: 18 Mar 2010
Falko Fecht and Michael Wedow
Frankfurt School of Finance & Management and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 50 (317,425)

Abstract:

Liquidity Crisis, Runs, Strategic Complementarities

The Dark and the Bright Side of Liquidity Risks: Evidence from Open-End Real Estate Funds in Germany

Bundesbank Series 2 Discussion Paper No. 2009,10
Number of pages: 52 Posted: 08 Jun 2016
Falko Fecht and Michael Wedow
Frankfurt School of Finance & Management and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 6 (518,048)

Abstract:

Liquidity crisis, runs, strategic complementarities

11.

Corporate Transparency and Bond Liquidity

University of St.Gallen, School of Finance Working Paper No. 2014/4
Number of pages: 50 Posted: 10 Mar 2014
Falko Fecht, Roland Füss and Philipp B. Rindler
Frankfurt School of Finance & Management, University of St. Gallen - School of Finance and EBS Universität für Wirtschaft und Recht - EBS Business School
Downloads 138 (146,955)
Citation 1

Abstract:

Corporate Bonds, Liquidity, Transparency, Information Quality, Financial Crises

The Role of Interbank Relationships and Liquidity Needs

Journal of Banking and Finance, Vol. 53, 2015
Number of pages: 43 Posted: 17 Mar 2012 Last Revised: 07 Aug 2015
Federal Reserve Bank of Cleveland, Frankfurt School of Finance & Management and VU University Amsterdam - Faculty of Economics and Business Administration
Downloads 105 (205,857)

Abstract:

interbank markets, liquidity, relationship lending, networks

The Role of Interbank Relationships and Liquidity Needs

FRB of Cleveland Working Paper No. 14-21
Number of pages: 42 Posted: 19 Oct 2014 Last Revised: 10 Jan 2015
Federal Reserve Bank of Cleveland, Frankfurt School of Finance & Management and VU University Amsterdam - Faculty of Economics and Business Administration
Downloads 20 (439,792)

Abstract:

Interbank markets, liquidity, relationship lending, networks

The Role of Interbank Relationships and Liquidity Needs

Bundesbank Discussion Paper No. 54/2013
Number of pages: 44 Posted: 21 Jun 2016
Federal Reserve Bank of Cleveland, Frankfurt School of Finance & Management and affiliation not provided to SSRN
Downloads 4 (528,234)

Abstract:

Interbank markets, liquidity, relationship lending, networks

13.

Banking, Markets, and Efficiency

FRB of New York Research Paper Staff Report No. 210
Number of pages: 34 Posted: 08 Jun 2005
Antoine Martin and Falko Fecht
Federal Reserve Bank of New York - Research and Statistics and Frankfurt School of Finance & Management
Downloads 118 (185,694)

Abstract:

financial intermediaries, risk sharing, banking competition

Collateral, Central Bank Repos, and Systemic Arbitrage

Swiss Finance Institute Research Paper No. 16-66
Number of pages: 58 Posted: 18 Nov 2016
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance, ESMT European School of Management and Technology and University of Zurich
Downloads 112 (196,372)

Abstract:

Collateral, repo, systemic arbitrage, central bank, collateral policy, banks, liquidity, interbank market, financial stability, financial fragmentation

Collateral, Central Bank Repos, and Systemic Arbitrage

CEPR Discussion Paper No. DP11663
Number of pages: 59 Posted: 29 Nov 2016
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance, ESMT European School of Management and Technology and University of Zurich
Downloads 0

Abstract:

banks, central bank, Collateral, collateral policy, financial fragmentation, financial stability, interbank market, liquidity, repo, systemic arbitrage

Substitution between Net and Gross Settlement Systems: A Concern for Financial Stability?

FRB of Cleveland Policy Discussion Paper No. 11-32
Number of pages: 46 Posted: 13 Dec 2011
Ben R. Craig and Falko Fecht
Federal Reserve Bank of Cleveland and Frankfurt School of Finance & Management
Downloads 66 (275,954)

Abstract:

Payment system, financial stability, interbank market, financial contagion

Substitution between Net and Gross Settlement Systems: A Concern for Financial Stability?

Bundesbank Series 1 Discussion Paper No. 2011,16
Number of pages: 60 Posted: 08 Jun 2016
Ben R. Craig and Falko Fecht
Federal Reserve Bank of Cleveland and Frankfurt School of Finance & Management
Downloads 4 (528,234)

Abstract:

Payment System, financial stability, interbank market, financial contagion

16.

The Price of Liquidity: The Effects of Market Conditions and Bank Characteristics

ECB Working Paper No. 1376
Number of pages: 54 Posted: 02 Sep 2011
Falko Fecht, Kjell G. Nyborg and Jörg Rocholl
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 60 (268,360)
Citation 8

Abstract:

Banks, liquidity, money markets, repos, imbalance

The Eurosystem Money Market Auctions: A Banking Perspective

FRB of Cleveland Working Paper No. 05-06R
Number of pages: 36 Posted: 31 Oct 2007
Ben R. Craig and Falko Fecht
Federal Reserve Bank of Cleveland and Frankfurt School of Finance & Management
Downloads 54 (305,978)
Citation 2

Abstract:

money market auctions, liquidity management, interbank market

The Eurosystem Money Market Auctions: A Banking Perspective

Bundesbank Series 2 Discussion Paper No. 2005,10
Number of pages: 48 Posted: 08 Jun 2016
Nikolaus Bartzsch, Ben R. Craig and Falko Fecht
Deutsche Bundesbank, Federal Reserve Bank of Cleveland and Frankfurt School of Finance & Management
Downloads 3 (533,349)
Citation 2

Abstract:

Money Market Auctions, Liquidity Management, Interbank Market

18.
Downloads 52 (306,811)

Banks, Markets, and Efficiency

Number of pages: 35 Posted: 25 Jan 2005
Falko Fecht and Antoine Martin
Frankfurt School of Finance & Management and Federal Reserve Bank of New York - Research and Statistics
Downloads 49 (320,442)

Abstract:

Banking competition, deposit contracts, efficiency, risk sharing

Banks, Markets, and Efficiency

Bundesbank Series 2 Discussion Paper No. 2005,04
Number of pages: 48 Posted: 08 Jun 2016
Falko Fecht and Antoine Martin
Frankfurt School of Finance & Management and Federal Reserve Bank of New York - Research and Statistics
Downloads 3 (533,349)

Abstract:

Financial Intermediaries, Risk Sharing, Banking Competition, Comparing Financial Systems

19.

Strains on Money Market Makers and Money Market Tensions

Number of pages: 25 Posted: 03 Nov 2014
Falko Fecht, Stefan Reitz and Patrick Weber
Frankfurt School of Finance & Management, University of Kiel and Frankfurt School of Finance & Management
Downloads 32 (312,363)

Abstract:

Funding liquidity risk and money market liquidity, Liquidity constraints, Money market makers, Liquidity spirals \\

20.
Downloads 30 (378,126)
Citation 5

Financial Integration and Systemic Risk

CEPR Discussion Paper No. 5253
Number of pages: 27 Posted: 27 Oct 2005
Falko Fecht and H. P. Gruner
Frankfurt School of Finance & Management and University of Mannheim - Department of Economics
Downloads 24 (417,484)
Citation 5

Abstract:

Interbank market, risk sharing, financial contagion, financial integration

Financial Integration and Systemic Risk

Bundesbank Series 2 Discussion Paper No. 2005,11
Number of pages: 40 Posted: 08 Jun 2016
Falko Fecht and Hans Peter Grüner
Frankfurt School of Finance & Management and University of Manheim
Downloads 6 (518,048)
Citation 5

Abstract:

Interbank Market, Risk Sharing, Financial Contagion, Financial Integration

Relationship Lending in the Interbank Market and the Price of Liquidity

Bundesbank Discussion Paper No. 22/2012
Number of pages: 68 Posted: 21 Jun 2016
Falk Bräuning and Falko Fecht
Federal Reserve Banks - Federal Reserve Bank of Boston and Frankfurt School of Finance & Management
Downloads 11 (490,978)

Abstract:

Interbank Market, Relationship Lending, Liquidity Crisis, Central Counterpart, Financial Contagion

Relationship Lending in the Interbank Market and the Price of Liquidity

FRB of Boston Working Paper No. 16-7
Number of pages: 43 Posted: 23 Aug 2016
Falk Bräuning and Falko Fecht
Federal Reserve Banks - Federal Reserve Bank of Boston and Frankfurt School of Finance & Management
Downloads 9 (502,089)

Abstract:

interbank market, relationship lending, financial crisis, central counterparty, financial contagion

22.
Downloads 6 (495,182)
Citation 2

Welfare Effects of Financial Integration

Bundesbank Series 2 Discussion Paper No. 2007,11
Number of pages: 56 Posted: 08 Jun 2016
Frankfurt School of Finance & Management, University of Manheim and European Central Bank (ECB)
Downloads 4 (528,234)
Citation 1

Abstract:

Financial integration, interbank market, cross border lending, financial contagion

Welfare Effects of Financial Integration

CEPR Discussion Paper No. DP6311
Number of pages: 38 Posted: 23 May 2008
Falko Fecht, H. P. Gruner and Philipp Hartmann
Frankfurt School of Finance & Management, University of Mannheim - Department of Economics and European Central Bank (ECB)
Downloads 2 (539,862)
Citation 2

Abstract:

cross border lending, financial contagion, financial integration, interbank market

23.

How Stressed are Banks in the Interbank Market?

Bundesbank Discussion Paper No. 40/2013
Number of pages: 30 Posted: 21 Jun 2016
Puriya Abbassi, Falko Fecht and Patrick Weber
Deutsche Bundesbank, Frankfurt School of Finance & Management and Frankfurt School of Finance & Management
Downloads 0 (499,683)

Abstract:

banks, liquidity, LOLR facility, repos, money markets, frictions

24.

How Central is Central Counterparty Clearing? A Deep Dive into a European Repo Market During the Crisis

Bundesbank Discussion Paper No. 14/2016
Number of pages: 38 Posted: 21 Jun 2016
André Ebner, Falko Fecht and Alexander Schulz
Deutsche Bundesbank, Frankfurt School of Finance & Management and Deutsche Bundesbank
Downloads 0 (312,363)

Abstract:

repo, central counterparty, market microstructure, financial crisis

25.

The Intraday Interest Rate: What's that?

Bundesbank Discussion Paper No. 24/2015
Number of pages: 45 Posted: 21 Jun 2016
Puriya Abbassi, Falko Fecht and Johannes Tischer
Deutsche Bundesbank, Frankfurt School of Finance & Management and University of Mainz
Downloads 0 (480,992)

Abstract:

intraday interest rate, central counterparty, overnight repos, central bank intervention, financial crisis

26.

Banks, Markets, and Financial Stability

Bundesbank Discussion Paper No. 31/2014
Number of pages: 33 Posted: 21 Jun 2016
Armin Eder, Falko Fecht and Thilo Pausch
Helvetia Versicherungen, Frankfurt School of Finance & Management and Deutsche Bundesbank
Downloads 0 (465,868)

Abstract:

liquidity risk, financial crises, contagion, asset price bubbles

27.

Open-End Real Estate Funds in Germany: Genesis and Crisis

Bundesbank Series 2 Discussion Paper No. 2007,04
Number of pages: 44 Posted: 08 Jun 2016
Justus-Liebig-University Giessen, Frankfurt School of Finance & Management and Zeppelin University
Downloads 0 (450,567)
Citation 3

Abstract:

Open-End Funds, Liquidity Transformation, Liquidity Crisis, Risk Sharing

28.

The Marketability of Bank Assets and Managerial Rents: Implications for Financial Stability

Bundesbank Series 2 Discussion Paper No. 2007,12
Number of pages: 36 Posted: 08 Jun 2016
Falko Fecht and Wolf Wagner
Frankfurt School of Finance & Management and Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)
Downloads 0 (470,947)
Citation 3

Abstract:

Marketability, Incentives, Financial Innovations, Financial Stability

Other Papers (1)

Total Downloads: 20    Citations: 8
1.

The Price of Liquidity: Bank Characteristics and Market Conditions

EFA 2008 Athens Meetings Paper
Number of pages: 49 Posted: 03 Mar 2008
Falko Fecht, Kjell G. Nyborg and Jörg Rocholl
Frankfurt School of Finance & Management, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 0 (92,070)
Citation 8

Abstract:

Liquidity, Banking, Short Squeezes, Money Markets, Repo Auctions