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Dr Rainer Frey

Research Interests

  • Multinational banks in the financial crisis: Leveraging, deleveraging and intra-bank flows of parents, branches and subsidiaries,
  • Foreign direct investment,
  • Central bank policy with focus on welfare implications of the design of a currency union and attractiveness of exchange rate regimes.

Refereed Articles

  • Frey, R. and C. Kerl (2015). Multinational banks in the crisis: Foreign affiliate lending as a mirror of funding pressure and competition on the internal capital market, in: Journal of Banking & Finance, Vol. 50, pp. 52-68.
  • Umber, M. P., M. H. Grote and R. Frey (2014). Same as it ever was? Europe's national borders and the market for corporate control, in: Journal of International Money and Finance, Vol. 40, pp. 109-127.
  • Frey, R. and K. Hussinger (2011). European Market Integration Through Technology Driven M&As, in: Applied Economics, 43:17, 2143-2153.
  • Frey, R. (2009). The Design of an Asymmetric Currency Union with Shock Persistence and Spillovers: Short Term versus Medium Term, in: European Journal of Political Economy, Vol. 25, p. 85-97.
  • Frey, R. (2006). Coordinated or Uncoordinated Monetary Policy under a Regime of Flexible Exchange Rates?: The Power in Decision Making, in: Journal of Economic Integration, Vol. 21, p. 211-233.
  • Frey, R. (2005). Welfare Implications of the Design of a Currency Union in Case of Member Countries of Different Sizes, in: Kredit und Kapital, Vol. 38, p. 177-206.

Working Papers and Other Publications

  • Frey, R., U. Grosch and A. Lipponer (2014). Fallstricke bei der Bestimmung von Vermögensverlusten deutscher Anleger im Ausland, in: Wirtschaftsdienst, Vol. 94, No. 11, pp. 806-812.
  • Frey, R. (2013). Auslandsforderungen deutscher Bankkonzerne in der Finanzkrise: Ein vielschichtiger Bilanzabbau in zwei Phasen. DIW Vierteljahrsheft 3/2013.
  • Düwel, C. and R. Frey (2012). Competition for internal funds within multinational banks: Foreign affiliate lending in the crisis. Discussion Paper, No. 19/2012, Economic Research Centre, Deutsche Bundesbank.
  • Düwel, C., R. Frey and A. Lipponer (2011). Cross-border bank lending, risk aversion and the financial crisis. Discussion Paper, No 29/2011, Economic Research Centre, Deutsche Bundesbank.
  • Frey, R. (2010). The discontinuous integration of Western Europe’s heterogeneous market for corporate control from 1995 to 2007. Discussion Paper, No 14/2010, Economic Research Centre, Deutsche Bundesbank.
  • Umber, M. P., M. H. Grote. and R. Frey (2010). Europe Integrates Less Than You Think: Evidence from the Market for Corporate Control in Europe and the US. Frankfurt School – Working Paper Series, No 150.
  • Frey, R. and K. Hussinger (2006). The Role of Technology in M&As: A Firm-Level Comparison of Cross-Border and Domestic Deals. Discussion Paper, No. 45/2006, Economic Research Centre, Deutsche Bundesbank.
  • Frey, R. (2005). China's growing importance for German investment: China – the global player (Focus). CESifo forum - München, Vol. 6, No. 3, p. 49-54.
  • Frey, R. (2004). Welfare Implications of the Design of a Currency Union in Case of Member Countries of Different Sizes and Output Persistence. Discussion Paper, No. 15/2004, Economic Research Centre, Deutsche Bundesbank.
  • Frey, R. (1999). Der Informationsgehalt des Geldmengenziels der Deutschen Bundesbank - Ergebnisse einer Umfrage aus dem Jahre 1998, Thünen-Series of Applied Economic Theory, Working Paper No. 22, Rostock.

Books

  • Frey, R. (2004). Flexible Exchange Rates, Fixed Exchange Rates, or a Currency Union? A Welfare Analysis under Different Shock Scenarios, Aachen (D), Shaker Publisher.Books

Additional information

Contact

Dr Rainer Frey

Dr Rainer Frey

+49 69 9566-2456

Address

Deutsche Bundesbank

Central Office, Directorate General Economics

Wilhelm-Epstein-Straße 14
60431 Frankfurt am Main