Falko Fecht

Deutsche Bundesbank

Head of Research

Wilhelm-Epstein-Str. 14

Frankfurt/Main, 60431

Germany

http://https://www.bundesbank.de/en/falko-fecht

Frankfurt School of Finance & Management

Professor for Financial Economics

Adickesallee 32-34

Frankfurt am Main, 60322

Germany

  • Deutsche Bundesbank

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    • Tel: +4969956632312

  • Frankfurt School of Finance & Management

SCHOLARLY PAPERS

42

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9,200

SSRN CITATIONS
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SSRN RANKINGS

Top 2,690

in Total Papers Citations

493

CROSSREF CITATIONS

195

Scholarly Papers (42)

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1.

Is Proprietary Trading Detrimental to Retail Investors?

Downloads 1,113 (38,182)
Citation 17

Is Proprietary Trading Detrimental to Retail Investors?

Number of pages: 58 Posted: 12 Mar 2011 Last Revised: 15 Aug 2017
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Deutsche Bundesbank, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 887 (51,734)
Citation 2

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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
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Deutsche Bundesbank, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 149 (374,957)
Citation 37

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

Is Proprietary Trading Detrimental to Retail Investors?

Journal of Finance, Forthcoming
Number of pages: 58 Posted: 18 Mar 2012 Last Revised: 18 Aug 2017
Falko Fecht, Andreas Hackethal and Yigitcan Karabulut
Deutsche Bundesbank, Goethe University Frankfurt - Faculty of Economics and Business Administration and Frankfurt School of Finance & Management
Downloads 77 (602,627)
Citation 2

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

2.

Financial Integration, Specialization, and Systemic Risk

Downloads 613 (85,145)
Citation 16

Financial Integration, Specialization, and Systemic Risk

Number of pages: 25 Posted: 06 Mar 2007
Falko Fecht, H. P. Gruner and Philipp Hartmann
Deutsche Bundesbank, University of Mannheim - Department of Economics and European Central Bank (ECB)
Downloads 388 (146,453)
Citation 8

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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
Falko Fecht, Hans Peter Gruener and Philipp Hartmann
Deutsche Bundesbank, University of Mannheim and European Central Bank (ECB)
Downloads 166 (342,164)

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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
Falko Fecht, Hans Grüner and Philipp Hartmann
Deutsche Bundesbank, University of Manheim and European Central Bank (ECB)
Downloads 58 (702,066)

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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
Deutsche Bundesbank, University of Mannheim - Department of Economics and European Central Bank (ECB)
Downloads 1 (1,235,537)
Citation 2
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financial contagion, Financial integration, interbank market, risk sharing, specialization

3.

Collateral, Central Bank Repos, and Systemic Arbitrage

Downloads 584 (90,595)
Citation 8

Collateral, Central Bank Repos, and Systemic Arbitrage

Swiss Finance Institute Research Paper No. 16-66
Number of pages: 58 Posted: 18 Nov 2016
Falko Fecht, Kjell G. Nyborg, Jörg Rocholl and Jiri Woschitz
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance, ESMT European School of Management and Technology and BI Norwegian Business School
Downloads 584 (89,460)
Citation 9

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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
Falko Fecht, Kjell G. Nyborg, Jörg Rocholl and Jiri Woschitz
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance, ESMT European School of Management and Technology and BI Norwegian Business School
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Citation 2
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banks, central bank, Collateral, collateral policy, financial fragmentation, financial stability, interbank market, liquidity, repo, systemic arbitrage

4.

Cross-Border Interbank Liquidity, Crises, and Monetary Policy

Downloads 471 (117,982)
Citation 21

Cross-Border Interbank Liquidity, Crises, and Monetary Policy

Journal of International Economics, Vol. 139, November 2022, 103657
Number of pages: 53 Posted: 26 Feb 2015 Last Revised: 10 Jan 2023
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 346 (166,246)
Citation 15

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international liquidity, financial crises, cross-border lending, monetary policy, banks.

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
Puriya Abbassi, Falko Fecht, Falk Bräuning and José-Luis Peydró
Deutsche Bundesbank, Deutsche Bundesbank, Federal Reserve Bank of Boston and Imperial College London
Downloads 124 (433,933)
Citation 10

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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
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 1 (1,235,537)
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credit rationing, credit supply, euro area, financial crises, financial globalization, information asymmetry, interbank liquidity, monetary policy

5.

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

Downloads 366 (157,676)

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
University of Bonn - Economic Science Area and Deutsche Bundesbank
Downloads 330 (175,024)

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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
Deutsche Bundesbank and University of Bonn - Economic Science Area
Downloads 36 (857,414)

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

6.

The Price of Liquidity: Bank Characteristics and Market Conditions

Downloads 365 (158,125)
Citation 4

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
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 249 (234,372)
Citation 4

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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
Deutsche Bundesbank, ESMT European School of Management and Technology and University of Zurich - Department of Banking and Finance
Downloads 61 (684,762)
Citation 3

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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
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 53 (732,520)

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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
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 2 (1,222,049)
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banks, financial health, liquidity, money markets, repos, short squeezing

7.

Contagious Zombies

Downloads 332 (175,231)
Citation 1

Contagious Zombies

Number of pages: 71 Posted: 19 Apr 2021 Last Revised: 19 Jan 2023
Christian Bittner, Falko Fecht and Co-Pierre Georg
Deutsche Bundesbank, Deutsche Bundesbank and EDHEC Business School
Downloads 278 (209,723)

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unconventional monetary policy, zombie lending, trade credit

Contagious Zombies

Deutsche Bundesbank Discussion Paper No. 15/2021
Number of pages: 1 Posted: 03 Jun 2021
Christian Bittner, Falko Fecht and Co-Pierre Georg
Deutsche Bundesbank, Deutsche Bundesbank and EDHEC Business School
Downloads 54 (726,346)
Citation 1

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8.

On the Stability of Different Financial Systems

Downloads 310 (188,314)
Citation 6

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
Deutsche Bundesbank
Downloads 280 (208,213)
Citation 5

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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
Deutsche Bundesbank
Downloads 30 (911,024)
Citation 1

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9.

Financial Intermediaries, Markets, and Growth

Downloads 302 (193,733)
Citation 7

Financial Intermediaries, Markets, and Growth

FRB of Kansas City Working Paper No. 04-02
Number of pages: 49 Posted: 05 Aug 2004
Falko Fecht, Kevin X. D. Huang, Kevin X. D. Huang and Antoine Martin
Deutsche Bundesbank, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and Swiss National Bank
Downloads 262 (222,800)
Citation 6

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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
Falko Fecht, Kevin X. D. Huang, Kevin X. D. Huang and Antoine Martin
Deutsche Bundesbank, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and Swiss National Bank
Downloads 29 (920,356)

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

Financial Intermediaries, Markets, and Growth

FRB of Philadelphia Working Paper No. 04-24
Number of pages: 53 Posted: 14 Jun 2021
Falko Fecht, Kevin X. D. Huang and Kevin X. D. Huang
Deutsche Bundesbank and Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics
Downloads 11 (1,117,094)
Citation 1

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10.

The Fire-Sale Channels of Universal Banks in the European Sovereign Debt Crisis

Downloads 276 (212,717)
Citation 3

The Fire-Sale Channels of Universal Banks in the European Sovereign Debt Crisis

Number of pages: 60 Posted: 25 Jul 2018 Last Revised: 25 Nov 2018
Giulio Bagattini, Falko Fecht and Patrick Weber
Frankfurt School of Finance & Management, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 114 (463,035)
Citation 4

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Financial Conglomerates, Universal Banks, Fire Sales, Sovereign Debt Crises, Liquidity Provision, Liquidity Insurance

The Fire-sale Channels of Universal Banks in the European Sovereign Debt Crisis

Deutsche Bundesbank Discussion Paper No. 43/2019
Number of pages: 64 Posted: 20 Dec 2019
Giulio Bagattini, Falko Fecht and Patrick Weber
Frankfurt School of Finance & Management, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 96 (524,312)

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fire sales,sovereign bonds,own account trading,bankaffiliated mutual funds,conflict of interest

The Fire-Sale Channels of Universal Banks in the European Sovereign Debt Crisis

Number of pages: 54 Posted: 24 May 2018
Giulio Bagattini, Falko Fecht and Patrick Weber
Frankfurt School of Finance & Management, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 66 (657,204)

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Mutual funds, conflict of interest, sovereign debt, fire-sale contagion

11.

The Role of Interbank Relationships and Liquidity Needs

Downloads 270 (217,412)
Citation 11

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
Ben R. Craig, Falko Fecht, Gunseli Tumer-Alkan and Gunseli Tumer-Alkan
Federal Reserve Bank of Cleveland, Deutsche Bundesbank and VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics
Downloads 173 (329,889)
Citation 2

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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
Ben R. Craig, Falko Fecht, Gunseli Tumer-Alkan and Gunseli Tumer-Alkan
Federal Reserve Bank of Cleveland, Deutsche Bundesbank and VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics
Downloads 50 (752,439)
Citation 1

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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
Ben R. Craig, Falko Fecht, Gunseli Tumer-Alkan and Gunseli Tumer-Alkan
Federal Reserve Bank of Cleveland, Deutsche Bundesbank and VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics
Downloads 47 (772,701)
Citation 3

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Interbank markets, liquidity, relationship lending, networks

12.

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

Downloads 265 (221,551)
Citation 9

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
Deutsche Bundesbank and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 123 (436,659)
Citation 1

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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
Deutsche Bundesbank and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 89 (551,177)
Citation 9

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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
Deutsche Bundesbank and European Central Bank (ECB) - Directorate Financial Stability and Supervision
Downloads 53 (732,520)
Citation 1

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Liquidity crisis, runs, strategic complementarities

13.

Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds

Downloads 264 (222,375)
Citation 3

Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 38 Posted: 14 Oct 2020
Giulio Bagattini, Falko Fecht and Angela Maddaloni
Frankfurt School of Finance & Management, Deutsche Bundesbank and European Central Bank (ECB)
Downloads 132 (413,229)
Citation 1

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Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds

ECB Working Paper No. 2023/2799
Number of pages: 45 Posted: 23 Mar 2023
Giulio Bagattini, Falko Fecht and Angela Maddaloni
Frankfurt School of Finance & Management, Deutsche Bundesbank and European Central Bank (ECB)
Downloads 67 (651,942)

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bank affiliation, mutual funds, redemptions

Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds

SAFE Working Paper No. 385
Number of pages: 49 Posted: 22 Mar 2023
Giulio Bagattini, Falko Fecht and Angela Maddaloni
Frankfurt School of Finance & Management, Deutsche Bundesbank and European Central Bank (ECB)
Downloads 65 (662,578)

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Mutual funds, Bank affiliation, Redemptions

14.

Optimal Lender of Last Resort Policy in Different Financial Systems

Downloads 250 (234,666)
Citation 1

Optimal Lender of Last Resort Policy in Different Financial Systems

Number of pages: 30 Posted: 24 Jun 2004
Falko Fecht and Marcel Tyrell
Deutsche Bundesbank and University of Frankfurt
Downloads 220 (264,498)
Citation 1

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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
Deutsche Bundesbank and Goethe University Frankfurt - Department of Finance
Downloads 30 (911,024)
Citation 2

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Financial Crises, Lender of Last Resort, Comparing Financial Systems

15.

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
Deutsche Bundesbank, Swiss Finance Institute and EBS Universität für Wirtschaft und Recht - EBS Business School
Downloads 248 (236,471)
Citation 1

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

16.

Limits to International Banking Consolidation

Downloads 240 (244,310)

Limits to International Banking Consolidation

Number of pages: 44 Posted: 28 Feb 2007
Falko Fecht and H. P. Gruner
Deutsche Bundesbank and University of Mannheim - Department of Economics
Downloads 208 (278,683)
Citation 1

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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 Grüner
Deutsche Bundesbank and University of Manheim
Downloads 32 (892,624)

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

17.

Financial Fragility in Open-ended Mutual Funds: The Role of Liquidity Management Tools

Downloads 225 (259,919)
Citation 3

Financial Fragility in Open-ended Mutual Funds: The Role of Liquidity Management Tools

Number of pages: 46 Posted: 05 Dec 2022
Peter G. Dunne, Lorenz Emter, Falko Fecht, Raffaele Giuliana and Oana Peia
Central Bank of Ireland, Central Bank of Ireland, Deutsche Bundesbank, Central Bank of Ireland and University College Dublin (UCD)
Downloads 157 (358,909)

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liquidity management tools, investment funds, COVID-19, financial fragility

Financial Fragility in Open-Ended Mutual Funds: The Role of Liquidity Management Tools

ESRB: Working Paper Series 2023/140
Number of pages: 47 Posted: 02 Mar 2023
Peter G. Dunne, Lorenz Emter, Falko Fecht, Raffaele Giuliana and Oana Peia
Central Bank of Ireland, European Central Bank (ECB), Deutsche Bundesbank, Central Bank of Ireland and University College Dublin (UCD)
Downloads 68 (646,668)

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COVID-19, investment funds, liquidity management tools, financial fragility

18.

Information Transmission between Banks and the Market for Corporate Control

Downloads 208 (279,644)
Citation 1

Information Transmission between Banks and the Market for Corporate Control

Deutsche Bundesbank Discussion Paper No. 29/2022
Number of pages: 1 Posted: 27 Aug 2022
Christian Bittner, Falko Fecht, Melissa Pala and Farzad Saidi
Deutsche Bundesbank, Deutsche Bundesbank, DHBW Karlsruhe and University of Bonn
Downloads 55 (720,060)
Citation 1

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bank networks, trading, information spillovers, mergers and acquisitions, syndicated lending

Strategic Communication among Banks

Number of pages: 60 Posted: 22 Dec 2021 Last Revised: 08 Mar 2024
Christian Bittner, Falko Fecht, Melissa Pala and Farzad Saidi
Deutsche Bundesbank, Deutsche Bundesbank, DHBW Karlsruhe and University of Bonn
Downloads 153 (366,714)
Citation 1

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bank networks, trading, information transmission, mergers and acquisitions, syndicated lending

19.

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
Christina E. Bannier, Falko Fecht and Marcel Tyrell
Justus-Liebig-University Giessen, Deutsche Bundesbank and Zeppelin University
Downloads 189 (305,178)

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

20.

Relationship Lending in the Interbank Market and the Price of Liquidity

Downloads 185 (310,982)
Citation 43

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 Bank of Boston and Deutsche Bundesbank
Downloads 105 (492,402)
Citation 2

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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 Bank of Boston and Deutsche Bundesbank
Downloads 80 (589,257)
Citation 10

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

21.

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, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 174 (328,533)

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repo, central counterparty, market microstructure, financial crisis

22.

Liquidity Support in Financial Institutions

Number of pages: 63 Posted: 29 Jul 2020 Last Revised: 30 Nov 2023
Falko Fecht, Egemen Genc, Yigitcan Karabulut and Patrick Weber
Deutsche Bundesbank, University of Illinois at Chicago, Frankfurt School of Finance & Management and Deutsche Bundesbank
Downloads 172 (331,881)
Citation 1

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Bank-Affiliated Mutual Funds, Internal Capital Markets, Liquidity Provision, Financial Fragility, Fund Flows

23.

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

Downloads 170 (335,391)

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 Deutsche Bundesbank
Downloads 124 (433,933)

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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 Deutsche Bundesbank
Downloads 46 (779,853)

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Payment System, financial stability, interbank market, financial contagion

24.

Fear, Deposit Insurance Schemes, and Deposit Reallocation in the German Banking System

Downloads 161 (351,367)
Citation 8

Fear, Deposit Insurance Schemes, and Deposit Reallocation in the German Banking System

Number of pages: 33 Posted: 12 Jun 2018
Falko Fecht, Stefan Thum and Patrick Weber
Deutsche Bundesbank, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 100 (510,063)
Citation 9

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Depositor expectations, Google, Deposit insurance, Competition for depositors, Bank runs

Fear, Deposit Insurance Schemes, and Deposit Reallocation in the German Banking System

Deutsche Bundesbank Discussion Paper No. 12/2019
Number of pages: 37 Posted: 13 Apr 2019
Falko Fecht, Stefan Thum and Patrick Weber
Deutsche Bundesbank, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 61 (684,762)

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Depositor expectations, Google, Deposit insurance, Competition for depositors, Bank runs

25.

Banking, Markets, and Efficiency

Number of pages: 34 Posted: 08 Jun 2005
Antoine Martin and Falko Fecht
Swiss National Bank and Deutsche Bundesbank
Downloads 150 (372,589)

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financial intermediaries, risk sharing, banking competition

26.

Managerial Overconfidence and Access to Funding: Do Banks Help Managers to Avoid Investment Mistakes?

Number of pages: 49 Posted: 18 Feb 2021
Falko Fecht and Regina Opaleva
Deutsche Bundesbank and Frankfurt School of Finance & Management
Downloads 124 (432,304)

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financial advice, overconfidence, SME finance

27.

Banks’ Equity Stakes in Firms: A Blessing or Curse in Credit Markets?

Number of pages: 47 Posted: 28 Sep 2021
Falko Fecht, José-Luis Peydró, Gunseli Tumer-Alkan, Gunseli Tumer-Alkan and Yuejuan Yu
Deutsche Bundesbank, Imperial College London, VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics and Shandong University
Downloads 119 (445,963)

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Universal banks; Credit supply; Bank equity holdings; Debt overhang; Evergreening.

28.

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
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 117 (451,700)
Citation 3

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Banks, liquidity, money markets, repos, imbalance

29.

Strains on Money Market Makers and Money Market Liquidity

Number of pages: 50 Posted: 03 Nov 2014 Last Revised: 01 Jun 2018
Falko Fecht, Stefan Reitz and Patrick Weber
Deutsche Bundesbank, University of Kiel and Frankfurt School of Finance & Management
Downloads 112 (466,822)

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

30.

The Eurosystem Money Market Auctions: A Banking Perspective

Downloads 110 (472,965)
Citation 2

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 Deutsche Bundesbank
Downloads 75 (611,898)
Citation 2

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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 Deutsche Bundesbank
Downloads 35 (865,869)

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Money Market Auctions, Liquidity Management, Interbank Market

31.

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, Deutsche Bundesbank and Johannes Gutenberg University Mainz
Downloads 103 (495,907)

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

32.

Banks, Markets, and Efficiency

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Banks, Markets, and Efficiency

Number of pages: 35 Posted: 25 Jan 2005
Falko Fecht and Antoine Martin
Deutsche Bundesbank and Swiss National Bank
Downloads 75 (611,898)

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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
Deutsche Bundesbank and Swiss National Bank
Downloads 27 (939,881)

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

33.

The Markets in Financial Instruments Directive and Sensitivity of Investors’ Portfolio Allocation to Analyst Recommendations

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 52 Posted: 26 Oct 2021
Falko Fecht, Patrick Weber and Huiting XU
Deutsche Bundesbank, Deutsche Bundesbank and Frankfurt School of Finance & Management
Downloads 99 (509,405)
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34.

International Financial Integration, Crises, and Monetary Policy: Evidence from the Euro Area Interbank Crises

FRB of Boston Working Paper No. 17-6
Number of pages: 48 Posted: 07 Sep 2017
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 75 (603,213)

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financial integration, financial crises, cross-border lending, monetary policy, euro area sovereign crisis, liquidity

35.

Welfare Effects of Financial Integration

Downloads 74 (607,732)
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Welfare Effects of Financial Integration

Bundesbank Series 2 Discussion Paper No. 2007,11
Number of pages: 56 Posted: 08 Jun 2016
Falko Fecht, Hans Grüner and Philipp Hartmann
Deutsche Bundesbank, University of Manheim and European Central Bank (ECB)
Downloads 72 (626,469)
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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
Deutsche Bundesbank, University of Mannheim - Department of Economics and European Central Bank (ECB)
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cross border lending, financial contagion, financial integration, interbank market

36.

Are Some Banks Structurally Prone to Borrow from the Euro Area's Overnight Lender-of-The-Last-Resort Facility?

Number of pages: 51 Posted: 12 Jun 2018
Falko Fecht and Patrick Weber
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 59 (682,958)

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Lender-of-the-last-Resort lending, Structural bank characteristics, Predicting distress for a single bank, Monetary policy implementation

37.

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, Deutsche Bundesbank and Frankfurt School of Finance & Management
Downloads 57 (693,800)

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

38.

Financial Integration and Systemic Risk

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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 Grüner
Deutsche Bundesbank and University of Manheim
Downloads 33 (883,739)

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Interbank Market, Risk Sharing, Financial Contagion, Financial Integration

Financial Integration and Systemic Risk

CEPR Discussion Paper No. 5253
Number of pages: 27 Posted: 27 Oct 2005
Falko Fecht and H. P. Gruner
Deutsche Bundesbank and University of Mannheim - Department of Economics
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Interbank market, risk sharing, financial contagion, financial integration

39.

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, Deutsche Bundesbank and Deutsche Bundesbank
Downloads 49 (741,997)

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liquidity risk, financial crises, contagion, asset price bubbles

40.

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
Deutsche Bundesbank and Erasmus University Rotterdam (EUR)
Downloads 40 (803,950)

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Marketability, Incentives, Financial Innovations, Financial Stability

41.

Banks' Equity Stakes in Firms: A Blessing or Curse in Credit Markets?

CEPR Discussion Paper No. DP16594
Number of pages: 50 Posted: 09 Nov 2021
Falko Fecht, José-Luis Peydró, Gunseli Tumer-Alkan, Gunseli Tumer-Alkan and Yuejuan Yu
Deutsche Bundesbank, Imperial College London, VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics and Shandong University
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Bank equity holdings, credit supply, Debt overhang, evergreening, Universal banks

42.

A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation

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A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation

CEPR Discussion Paper No. DP16880
Number of pages: 53 Posted: 04 Feb 2022
Falko Fecht, Roman Inderst and Sebastian Pfeil
Deutsche Bundesbank, Goethe University Frankfurt and University of Groningen
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Debt overhang, deposit insurance, integration, Interbank lending, risk shifting

A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation

Posted: 20 Apr 2018
Falko Fecht, Roman Inderst and Sebastian Pfeil
Deutsche Bundesbank, Goethe University Frankfurt and University of Groningen

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Interbank Lending, Risk Shifting, Debt Overhang, Integration

Other Papers (1)

Total Downloads: 51
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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
Deutsche Bundesbank, University of Zurich - Department of Banking and Finance and ESMT European School of Management and Technology
Downloads 51

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