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Dr Thomas Kick

Research Interests

  • Banking structure, regulation, and bank bailouts
  • Financial stability and stress testing
  • Competition and efficiency in banking markets
  • Corporate governance in banking
  • Empirical banking and financial intermediation

Refereed Publications

  • Kick, T., I. Nehring and A. Schertler (2017), Do all new brooms sweep clean? Evidence for outside bank appointments, Journal of Banking and Finance, Vol. 84, pp. 135-151.
  • Kick, T., M. Koetter and T. Poghosyan (2016), Bank Recapitalization, Regulators and Repayment (2016)‎, Journal of Money, Credit and Banking, Vol. 48(7), pp. 1467-1494.
  • Berger, A., C. Bouwman, T. Kick and K. Schaeck, Bank risk taking and liquidity creation following regulatory interventions and capital support (2016), Journal of Financial Intermediation, Vol. 26, pp. 115-141.
  • Bornemann, S., T. Kick, A. Pfingsten and A. Schertler, Earnings baths by CEOs during turnovers: Empirical evidence from German savings banks, Journal of Banking and Finance (2015), Vol. 53, pp. 188-201.
  • Busch, R. and T. Kick, Income Structure and Bank Business Models: Evidence on Performance and Stability from the German Banking Industry, Schmalenbach Business Review (2015), Vol. 67, pp. 226-253.
  • Kick, T. and E. Prieto, Bank Risk and Competition: Evidence from Regional Banking Markets, Review of Finance (2014), Vol. 19(3), pp. 1185-1222.
  • Berger, A., T. Kick and K. Schaeck (2014), Executive board composition and bank risk taking, Journal of Corporate Finance, Vol. 28, pp. 48-65.
  • Bornemann, S., S. Homölle, C. Hubensack, T. Kick and A. Pfingsten (2014), Visible Reserves in Banks - Determinants of Initial Creation, Usage, and Contribution to Bank Stability, Journal of Business Finance and Accounting (2014), Vol. 41(5) & (6), pp. 507-544.
  • Düllmann, K. and T. Kick (2014), Stress testing German banks against a global credit crunch, Financial Markets and Portfolio Management, Vol. 28, pp. 337-361.
  • Jahn, N. and T. Kick (2014), Early Warning Indicators for the German Banking System: A Macroprudential Analysis, Credit and Capital Markets, Vol. 47(1), 5-47.
  • Berger, A., T. Kick, M. Koetter, and K. Schaeck (2013), Does it pay to have friends? Social ties and ex-ecutive appointments in banking, Journal of Banking and Finance, Vol. 37, pp. 2087-2105.
  • Bornemann, S., T. Kick, C. Memmel and A. Pfingsten (2012), Are banks using hidden reserves to beat earnings benchmarks? Evidence from Germany, Journal of Banking and Finance, Vol. 36, pp. 2403–2415.
  • De Graeve, F., T. Kick and M. Koetter (2008), Monetary policy and financial (in)stability: An integrated micro-macro approach, Journal of Financial Stability, Vol.4(3), 205-231.
  • Kick, T. and M. Koetter (2007), Slippery Slopes of Stress: Ordered Failure Events in German Banking, Journal of Financial Stability, Vol.3(2), 132-148.

Other Working Papers and Publications

  • Kick, T., E. Onali, B. Ruprecht and K. Schaeck (2014), Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios, European Central Bank Working Paper Series No 1662.
  • Kick, T., M. Koetter and T. Poghosyan (2010), Recovery Determinants of Distressed Banks: Regulators, Market Discipline, or the Environment? IMF Working Paper, No 10/27.
  • Beck, T., H. Hesse, T. Kick and N. von Westernhagen (2009), Bank ownership and stability: Evidence from Germany. vox - Research-based policy analysis and commentary from leading economists.
  • Harbrecht, W. und T. Kick (2006), Basel II: Auswirkungen auf Kreditzinsen - Eine Modellrechnung für kleine und mittlere Unternehmen, Controlling, Heft 4/5, April/Mai 2006.

Awards

  • CICF 2017: Best Paper Award
  • Southern Finance Association 2016: Best Financial Institutions and Markets Paper Award
  • University of Rostock „5. Rostocker Dienstleistungstagung“ 2016: Best Paper Award
  • 11th Annual London Business Research Conference 2016: Best Paper Award
  • CEPR Research Grant 2015
  • Midwest Finance Association 2014: Outstanding Paper Award in Financial Institutions and Regulation
  • Westfälische Wilhelms-Universität Münster: „Dissertationspreis 2012“
  • Deutsche Gesellschaft für Finanzwirtschaft (DGF) 2012: Outstanding Paper Award
  • Carefin Research Grant 2010"

Ad-hoc Refereeing

  • ECB Working Paper Series
  • Financial Markets and Portfolio Management
  • International Finance
  • Journal of Banking and Finance
  • Journal of Business Economics
  • Journal of Financial Stability
  • Journal of Money, Credit, and Banking
  • Review of Finance
  • The Economics of Transition

Presentations

  • 2017: Midwest Finance Association Conference (Chicago): The Real Effects of Bank Distress/ Professional Ties and Bank Merger Outcomes/ Changes in the Cost of Bank Equity and the Supply of Bank Credit/ How does the Eurozone crisis affect securities portfolios?
  • 2016: Lecture (Univ. Nuremberg): Banking Supervision; Paris Financial Management Conference (Paris): Professional Ties and Bank Merger Outcomes; Southern Finance Association Annual Meeting (Sandestin): The Political Economy of Bank Bailouts/ Outside Directorships and Career Outcomes; Financial Management Association Conference (Las Vegas): The Political Economy of Bank Bailouts/ The Danger of Aggressive Credit Growth in Banking/ Changes in the Cost of Bank Equity and the Supply of Bank Credit/ Professional Ties and Bank Merger Outcomes; German Finance Association Annual Meeting (Bonn): Discussion; EBA Policy Research Workshop (London): Changes in the Cost of Bank Equity and the Supply of Bank Credit; Frankfurt School of Finance & Management (Frankfurt am Main): Panelist at the conference on “Gesamtbanksteuerung”.
  • 2015: Lecture (Univ. Nuremberg): Banking Supervision; Southern Finance Association Annual Meeting (Captiva Island): Supervising the Supervisor/ The Winner’s Curse/ Professional Ties and Age Structure in Bank Mergers; European Finance Association Annual Meeting (Vienna): The Political Economy of Bank Bailouts; Verein für Socialpolitik (Münster): The Political Economy of Bank Bailouts; IBEFA Annual Conference (Honolulu): The Political Economy of Bank Bailouts; IBEFA Day-Ahead Conference (Federal Reserve Bank of San Francisco): The Political Economy of Bank Bailouts; Midwest Finance Association Conference (Chicago): Bank rescues, risk taking, and rent seeking.
  • 2014: Seminar in Finance (Univ. Geneva): The Political Economy of Bank Bailouts; Lecture (Univ. Nuremberg): Banking Supervision; Lecture "Ringvorlesung" (Univ. Bayreuth): Stress Tests at the Deutsche Bundesbank; Southern Finance Association Annual Meeting (Key West): Competitive Distortions of Bank Bailouts; Lecture (Univ. Bonn): Stress Testing at Central Banks; Deutsche Bundesbank/esmt/DIW Berlin/CENTER conference on "Achieving Sustainable Financial Stability" (Berlin): Bailout expectations, bank competition, risk taking; 13th International Conference on Credit Risk Evaluation (Venice): The Political Economy of Bank Bailouts; BCBS Research Task Force/China Banking Regulatory Commission (Beijing): Workshop "Systemically important financial institutions: a research agenda"; European Winter Finance Summit (Zermatt): The Political Economy of Bank Bailouts; 17th Swiss Society for Financial Market Research Conference (Zurich): The Winner's Curse - On the Danger of Aggressive Credit Growth in Banking; Research Seminar "Contract Theory and Banking" (Univ. Zurich): The Political Economy of Bank Bailouts; SUERF Colloquium (Bocconi): The Winner's Curse - On the Danger of Aggressive Credit Growth in Banking.
  • 2013: Banque de France/Toulouse School of Economics (Paris): Conference "Bank liquidity, regulation, and transparency"; Bank of Sri Lanka (Colombo): Seminar on "financial System Stability"; Forschungsinstitut für Genossenschaftswesen (Nuremberg): Symposium "Regionalbanken und Bankenregulierung"; EBA Research Workshop (London): Visible Reserves in Banks; FMA Annual Meeting (Chicago): Bank Risk Taking and Competition, Stress Testing German Banks against a Global Credit Crunch; Verein für Socialpolitik (Düsseldorf): Bank Risk Taking and Competition; EEA Congress 2013 (Gothenburg): The Danger of Aggressive Credit Growth in Banking; Institut für Kreditwesen (Münster): Banken-Workshop; BIS Financial Stability Institute (Basel): Stress Testing in Europe; Eastern Finance Association (St. Pete Beach): Bank Risk Taking and Competition.
  • 2012: Bank of Thailand (Bangkok): Seminar on Macroprudential Supervision and Stress Testing; FSI-ASBA Regional Seminar (Montevideo): Supervision of Systemically Important Banks (SIBs) and Stress Testing; De Nederlandsche Bank Conference "Corporate Governance of Financial Institutions" (Amsterdam): Taking a Bath while Receiving the Baton - An Empirical Analysis of CEO Behavior during Turnovers in Banks; German Finance Association (DGF) Meeting 2012 (Hannover): Executive board composition and bank risk taking; Verein für Socialpolitik (Göttingen): Supervising the Supervisor: On the Concept and Performance of Regulatory Risk Assessment; GSEFM Summer Institute (Eltville): Selected Bundesbank Discussion Papers; IFABS 2012 Conference (Valencia): Supervising the Supervisor: On the Concept and Performance of Regulatory Risk Assessment; Institut für Kreditwesen (Münster): Banken-Workshop; BCBS, CEPR and JFI Workshop 2012 (Basel): Determinants of Banking System Stability: A Macro-Prudential Analysis; University of Applied Sciences (Amberg-Weiden): Applied Stress Tests at the Deutsche Bundesbank: Credit, Market, and Liquidity Risk; Technical Central Bank Cooperation with the Bank of Thailand (Frankfurt am Main): Stress testing at the Deutsche Bundesbank; ESE Seminar on Risk Models in Banks (Frankfurt am Main): Applied Stress Tests at the Deutsche Bundesbank; Eastern Finance Association (Boston): Taking a Bath while Receiving the Baton - An Empirical Analysis of CEO Behavior during Turnovers in Banks; 15th Swiss Society for Financial Market Research Conference (Zurich): Supervising the Supervisors - On the Concept and Performance of Regulatory Risk Assessment; Tilburg University – EBCCEPR 5th Swiss Winter Conference on Financial Intermediation (Lenzerheide): Executive Board Composition and Risk Taking; Midwest Finance Association (New Orleans): Taking a Bath while Receiving the Baton - An Empirical Analysis of CEO Behavior during Turnovers in Banks.
  • 2011: 12th Symposium on Finance, Banking, and Insurance (Karlsruhe): Bank risk taking and liquidity creation following regulatory interventions and capital support; Bangor Business School (Wales): Seminar on executive board composition and bank risk taking; Central Bank, Chinese Taipei (Taiwan): SEACEN-Deutsche Bundesbank Course on Bank Stress Testing; German Finance Association (DGF) Meeting 2011 (Regensburg): Bank recapitalization, regulators, and repayment; Verein für Socialpolitik (Frankfurt am Main): Social Networks and Career Outcomes; Deutsche Bundesbank (Frankfurt am Main): International Central Bank Seminar on Financial Stability; Goethe University/House of Finance/Deutsche Bundesbank (Eltville): Central Banking Workshop; Bank Indonesia (Bali): Advanced Course on Banking Supervision and Financial Stability: Bank Rating and Stress Testing; University of Münster (Münster): Seminar on „Stress Testing German Banks Against a Global Credit Crunch"; Banco de México/Basel Committee on Banking Supervision (Mexico City): Workshop on „Challenges for regulators in the new financial landscape".
  • 2010: Office of the Comptroller of the Currency/RTF Group on Transmission Channels (Washington): Workshop on „Models and tools for macroprudential supervision"; XII. zeb/ITE-Forum (Frankfurt am Main): Stresstestanforderungen an deutsche Bankinstitute; University of Münster (Münster): Seminar on "The importance of qualitative risk assessment in banking supervision before and during the crisis"; 13th Annual DNB Research Conference (Amsterdam): Recovery determinants of distressed banks; FMA Annual Meeting (New York): Bank risk taking and liquidity creation during distress/ Recovery determinants of distressed banks; Research Task Force Group on Transmission Channels (Ottawa): Models and tools for macroprudential supervision; Freiburg Institute for Advanced Studies (Freiburg): Information, Liquidity and Trust in Incomplete Financial Markets; German Finance Association, German Finance Association (DGF) Meeting 2010 (Hamburg): Bank risk taking and liquidity creation during distress; Deutsche Bundesbank, European Banking Center and European Business School (Frankfurt am Main): Conference on liquidity and liquidity risks; European Finance Association Annual Meeting (Frankfurt am Main): Bank risk taking and liquidity creation during distress; Institut für Kreditwesen (Münster): Banken-Workshop; Bank Negara Malaysia (Kuala Lumpur): 3st SEACEN - Deutsche Bundesbank; Intermediate Course on Banking Supervision and Financial Stability: Stress Testing; Royal Economic Society 2010 Conference (Surrey): Bank liquidity creation and risk taking during distress; Deutsche Bundesbank (Frankfurt am Main): International Central Banking Workshop; Deutsche Bundesbank (Frankfurt am Main): International Central Banking Seminar; Bangor Business School (Wales): Seminar on bank liquidity creation, regulatory intervention, and market discipline during distress; CEBS Stresstesting Task Force (London): The German Experience from the EU-wide Stress Testing Exercise.
  • 2009: XVIII International Tor Vergata Conference (Rom): Global Institutions for Global Markets; Finlawmetrics (Bocconi): Conference on Reshaping Central Banking, Regulation and Supervision; Federal Deposit Insurance Corporation (Washington): Research Seminar; International Monetary Fund (Washington): Seminar on Financial Stability; Verein für Socialpolitik (Magdeburg): Bank ownership and stability; Deutsche Bundesbank/IWF (Berlin): 3rd Stress Testing Expert Forum: Advanced Techniques in Stress Testing; Deutsche Bundesbank (Frankfurt am Main): International Central Banking Seminar; Institut für Kreditwesen (Münster): Banken-Workshop; Bangko Sentral ng Pilipinas (Manila): 1st SEACEN - Deutsche Bundesbank Advanced Course on Banking Supervision and Financial Stability.
  • 2008: Kiel Institute for the World Economy (Frankfurt am Main): Seminar on Macroeconomic Stresstests for the German Banking System; Risk Magazine (London): Seminar on Stress Testing; Deutsche Bundesbank (Frankfurt am Main): Seminar on Financial Stability; Institut für Kreditwesen (Münster): Banken-Workshop; Deutsche Bundesbank (Frankfurt am Main): Seminar on Financial Stability; Deutsche Bundesbank (Frankfurt am Main): Workshop on Stress Testing the R.K. Banking System; Financial Stability Institute, BIZ (Basel): Seminar on Dealing with Problem Bank Situations; Basel Committee on Banking Supervision/De Nederlandsche Bank (Amsterdam): Workshop on Stress Testing of Credit Risk Portfolios: The Link Between Macro and Micro; National Bank of Kazakhstan (Almaty): Workshop on Early Warning Systems and Stress Testing.
  • 2007: Central Bank of Egypt (Cairo): Seminar on Stress Testing and Risk Management Practices; Deutsche Bundesbank (Frankfurt am Main): Seminar on Modeling and Forecasting; Central Bank of Kenya (Nairobi): Seminar on Financial Stability; Bank of Thailand (Bangkok): Seminar on Financial Stability; Basel Committee on Banking Supervision/Federal Deposit Insurance Corporation (Arlington): Workshop on Banking, Risk and Regulation.

Discussion Papers

Additional information

Contact

Dr Thomas Kick

Dr Thomas Kick

+49 69 9566-8194

Address

Deutsche Bundesbank

Central Office, Directorate General Banking and Financial Supervision

Wilhelm-Epstein-Straße 14
60431 Frankfurt am Main