Mitarbeiter

Dr. Stefan Reitz

• Deutsche Bundesbank
• Central Office, Economics Department
• Wilhelm Epstein Str. 14
• D-60431 Frankfurt am Main
•  
• +49 69 9566-4988
• Stefan Reitz

Research Interests

• International finance
• Nonlinear dynamics and econometrics

Refereed journals

• Bauer, C., P. De Grauwe and S. Reitz (2009), Exchange Rate Dynamics in Target Zones – A Heterogeneous Expectations Framework, Journal of Economic Dynamics & Control 33, 329 – 344.
• Reitz, S. and U. Slopek (2009), Nonlinear Oil Price Dynamics – A Tale of Heterogeneous Speculators?, German Economic Review, forthcoming.
• Reitz, S. and M. P. Taylor (2009), Nonlinear Impact of Central Bank Intervention – Empirical Evidence from Yen/US-Dollar Exchange Rates, International Journal of Finance and Economics, forthcoming.
• Reitz, S. and M. P. Taylor (2008), The Coordination Channel of Foreign Exchange Intervention: A Nonlinear Microstructural Analysis, European Economic Review 52 (1), 55 – 76.
• Reitz, S. and F. Westerhoff (2007), Commodity price cycles and heterogeneous speculators: A STAR-GARCH model, Empirical Economics 33, 231 – 244.
• Reitz, S. (2006), On the Predictive Content of Technical Analysis, North American Journal of Economics and Finance 17 (2),121 – 137.
• Reitz, S., F. Westerhoff and C. Wieland (2006), Target Zone Interventions and Coordination of Expectations, Journal of Optimization Theory and Applications 128, 453 – 467, 2006.
• Bohl, M. and S. Reitz (2006), Do Feedback Traders Act on Germany’s Neuer Markt?, Quarterly Journal of Business and Economics 44, 3 – 14.
• Reitz, S. and U. Slopek (2005), Macroeconomic Effects of Tariffs: Insights from a New Open Economy Macroeconomics Model, Swiss Journal of Economics and Statistics 141, 285 – 31.
• Reitz, S. (2005), Central Bank Intervention and Exchange Rate Expectations - Evidence from the DM/Dollar Forward Exchange Market, Open Economies Review 16, 33 – 50.
• Reitz, S. and G. Stadtmann (2005), Consensus among FX Forecasters?, Applied Financial Economics Letters 1, 223 – 228, 2005.
• Ahrens, R. and S. Reitz (2005), Chartist Prediction in the Foreign Exchange Market - Evidence from the Daily Dollar/DM Exchange Rate,  Journal of Evolutionary Economics 15, 65 – 82.
• Reitz, S. and F. Westerhoff (2005), Commodity price dynamics and the nonlinear market impact of technical traders: Empirical evidence for the U.S. corn market, Physica A – Statistical Mechanics and its Applications 349, 641 – 648.
• Reitz, S. and U. Slopek (2003), Macroeconomic Effects of Throwing Sand in the Wheels of Foreign Exchange Markets, Review of Economics 54, 187 – 213.
• Reitz, S. and F. Westerhoff (2003), Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists, Studies in Nonlinear Dynamics & Econometrics. 7: No. 4/3.

Not refereed journals

• Jochem, A. and S. Reitz (2008), Wechselkurse und Wirtschaftswachstum – ein nichtlinearer Zusammenhang?, Wirtschaftsdienst, S. 481 – 483.
• Reitz, S. and U. Slopek (2007), Zum Zusammenhang zwischen Currency Futures und Wechselkursentwicklung, Zeitschrift für das ges. Kreditwesen, S. 228 – 230.
• Reitz, S. and D. Stremmel (2003), Der Weltgipfel 2002 - War in Johannesburg tatsächlich mehr zu erwarten?, WiSt. Wirtschaftswissenschaftliches Studium 8-9/2003.
• Bodenbender, O. and S. Reitz (2003), Zur Bedeutung des Wechselkursrisikos im internationalen Handel. Wisu – Das Wirtschaftsstudium 8/2003.
• Reitz, S. (2001), Effekte des Wechselkursrisikos und internationaler Handel. WiSt, Wirtschaftswissenschaftliches Studium 2/2001.

Selected Discussion and Working Papers

• Reitz, S. and U. Slopek (2008), Nonlinear Oil Price Dynamics – A Tale of Heterogeneous Speculators? Deutsche Bundesbank Discussion Paper 10/2008.
• Bauer, C., P. De Grauwe and S. Reitz (2007) Exchange Rate Dynamics in a Target Zone – A Heterogeneous Expectations Approach, Deutsche Bundesbank Discussion Paper 11/2007 and CES ifo Working Paper No. 2080.
• Reitz, S., M. Schmidt and M. Taylor (2007), End-User Order Flow and Exchange Rate Dynamics, Deutsche Bundesbank Discussion Paper 05/2007.

Books, Contributions to Books and Monographs

• Reitz, S. and G. Stadtmann (2005), Can Central Bank Intervention Stabilize Exchange Rates by Increasing Confidence in Fundamentals? in: El-Shagi, M. and G. Rübel (eds.) Beiträge zur Internationalen Ökonomie - Eine Festschrift für Jürgen Schröder, Gabler.
• Bohl, M. and S. Reitz (2004), The Influence of Positive Feedback Trading on Return Autocorrelation in: Geberl, S., H. Kaufmann, M. Menichetti, and D. Wiesner (eds.), Aktuelle Entwicklungen im Finanzdienstleistungsbereich, Physica-Verlag, Heidelberg.
• Reitz, S. (2003), Institutionelle Voraussetzungen für die Stabilität des Freihandels - Die Rolle der GATT-Prinzipien im Liberalisierungsprozess in: Reitz, S. (ed.): Theoretische und wirtschaftspolitische Aspekte der internationalen Integration. Duncker & Humblot, Berlin.
• Reitz, S. (2004), The Economics of Technical Trading on Foreign Exchange Markets, Habilitationsschrift am Fachbereich Wirtschaftswissenschaften der JLU Giessen.
• Reitz, S. (1999) Volatile Wechselkurse – Ursachen und währungspolitische Bedeutung. Dissertation am Fachbereich Wirtschaftswissenschaften der JLU Giessen, Nomos Verlag, Baden-Baden 1999.
• Lux, T. and Reitz, S. (eds.)(2005), Nonlinear Dynamics and Heterogeneous Interacting Agents. Verlag Springer, Heidelberg.
• Reitz, S. (2003), Theoretische und wirtschaftspolitische Aspekte der internationalen Integration. Verlag Duncker & Humblot, Berlin.