We study how banks react to policy announcements during the representative policy cycle of consultation and policy publication. We use unique data covering the population of all mortgage transactions in the UK complemented with regulatory risk assessments of banks and their supervisory...

Diese Dissertation besteht aus vier unabhängigen Aufsätzen über die Finanzentscheidungen von Haushalten. Die ersten drei Aufsätze untersuchen die Beziehungen zwischen Haushalten und Banken. Der erste Aufsatz untersucht die Determinanten und die aggregierten Implikation von...

We exploit a unique data set that features both un-intermediated mortgage requests and independent offers from multiple banks for each request. We show that households typically are not prudent risk managers but prioritize the minimization of current mortgage payments over the risk of possible...

We study retail deposit withdrawals from European commercial banks which incurred investment losses in the wake of the U.S. subprime crisis. We document a strong propensity of households to withdraw deposits from distressed banks, especially when a bank receives a public bailout. However, the...