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

Kirschenmann, Karolin - 2018

European banks are exposed to a substantial amount of risky sovereign debt. The “missing bank capital” resulting from the zero-risk weight exemption for European banks for European sovereign debt amplifies the co-movement between sovereign CDS spreads and facilitates cross-border...

Persistent link: https://www.econbiz.de/10012931492

A zero-risk weight channel of sovereign risk spillovers

Kirschenmann, Karolin; Korte, Josef; Steffen, Sascha - In: Journal of financial stability 51 (2020), pp. 1-15

Persistent link: https://www.econbiz.de/10012431750

The risk of financial crises : Is there a role for income inequality?

Kirschenmann, Karolin; Malinen, Tuomas; Nyberg, Henri - In: Journal of international money and finance 68 (2016), pp. 161-180

Persistent link: https://www.econbiz.de/10011711808

Wie ist das EU-Konzept zur Bankenunion zu bewerten?

Lautenschläger, Sabine; Gstädtner, Thomas; Steffen, Sascha - In: Ifo Schnelldienst 66 (2013) 01, pp. 03-13

Mit den Beschlüssen zur europäischen Regulierung im Dezember 2012 hat die EU einen Schritt in Richtung Bankenunion gemacht. Nach Ansicht von Sabine Lautenschläger, Deutsche Bundesbank, braucht Europa Zeit, um eine europäische Bankenaufsicht und einen europäischen Abwicklungsmechanismus auf...

Persistent link: https://www.econbiz.de/10010877400

Wie ist das EU-Konzept zur Bankenunion zu bewerten?

Lautenschläger, Sabine; Gstädtner, Thomas; Steffen, Sascha - In: ifo Schnelldienst 66 (2013) 01, pp. 3-13

Persistent link: https://www.econbiz.de/10011693438

Feasibility check : transition to a new regime for bank sovereign exposures? : study

Schneider, Yannik M.; Steffen, Sascha - Europäisches Parlament / IPOL - Generaldirektion … - 2017

Persistent link: https://www.econbiz.de/10011889493

Does the lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019

We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...

Persistent link: https://www.econbiz.de/10012155137

Syndication, interconnectedness, and systemic risk

Cai, Jian; Eidam, Frederik; Saunders, Anthony; Steffen, … - In: Journal of financial stability 34 (2018), pp. 105-120

Persistent link: https://www.econbiz.de/10012156794

Does lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - In: Essays in empirical finance, (pp. 1-66). 2016

Persistent link: https://www.econbiz.de/10011710548

Lender of last resort versus buyer of last resort : evidence from the European sovereign debt crisis

Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2018

We document the mechanism through which the risk of fire sales in the sovereign bond market contributed to the effectiveness of two major central bank interventions designed to restore financial stability during the European sovereign debt crisis. As a lender of last resort via the long-term...

Persistent link: https://www.econbiz.de/10011899821