Mitarbeiter

Dr. Natalja v. Westernhagen

• Deutsche Bundesbank
• Central Office, Banking and Financial Supervision Department
• Wilhelm Epstein Str. 14
• D-60431 Frankfurt am Main
•  
• +49 69 9566 - 8437
• Natalja v. Westernhagen

Research Interests

• Financial stability and early warning systems
• Portfolio diversification
• International bank activities
• The impact of business cycle on bank lending
• Relationship banking

Publications:

Journal Articles

• Does Diversification Improve the Performance of German Banks? Evidence from individual Bank Loan Portfolios (with E. Hayden and D. Porath). Journal of Financial Services Research (JFSR). forthcoming.
• German Bank Lending during Emerging Market Crises: A Bank Level Analysis (with F. Heid, T. Nestmann, B. Weder di Mauro). Kredit und Kapital. forthcoming.
• Heterogeneity in Lending and Sectoral Growth: Evidence from German Bank-Level Data (with C. Buch and A. Schertler). International Economics and Economic Policy (IEEP). Vol. 3. pp. 43-72. Springer-Verlag. 2006.

Working Papers

• Creditor Concentration: An Empirical Investigation (with S. Ongena and G. Tümer-Alkan). mimeo. 2007.
• Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios (with E. Hayden and D. Porath). Discussion Paper Series 2 05/06. Deutsche Bundesbank. Frankfurt am Main. 2006.
• Heterogeneity in Lending and Sectoral Growth (with C. Buch and A. Schertler). Discussion Paper Series 2 04/06. Deutsche Bundesbank. Frankfurt am Main. 2006.
• German Bank Lending During Emerging Market Crises: A Bank Level Analysis (with F. Heid, T. Nestmann, B. Weder di Mauro). Discussion Paper Series 2 04/04. Deutsche Bundesbank. Frankfurt am Main. 2004.
• The Herstatt Crisis in Germany. in: Bank Failures in Mature Economies. Basel Committee on Banking Supervision Working Paper No. 13. Basel. 2004.
• The Role of FDI in the Transition Process of Selected CIS and Eastern European Countries. European Institute for International Relations (EIIW) Discussion Paper No. 73. Potsdam. 2000.

Books, Contributions to Books and Monographs

• The Role of Foreign Direct Investment in Transformation (with R. Doehrn). in: Lane, T. and N. Oding and P.J.J. Welfens (eds.). Real and Financial Economic Dynamics in Russia and Eastern Europe. Springer-Verlag. Heidelberg. 2003. 251-278.
• Systemic Transformation, Trade and Economic Growth: Developments, Theoretical Analysis and Empirical Results. Physica-Verlag. Heidelberg. 2002.
• Foreign Direct Investment in Selected CIS Countries - an Engine of Structural Change? (with R. Doehrn). in: Gavrilenkov, E. and P.J.J. Welfens (eds.). Russian Economy: Transformation Experience of the 1990s and Perspectives of Further Development. The Higher School of Economics. Moscow. 2000. (in Russian).
• Ost-West-Wirtschaftsintegration in Europa. in: Wirtschaftstransformation in Osteuropa. Globalisierungstendenzen und Sonderwege. Bundesinstitut fuer ostwissenschaftliche und internationale Studien (BIOst). Köln. 1999.
• Eastern EU Enlargement and the Russian Transformation Crisis (with P.J.J. Welfens). Presented at the 2nd EACES Paris Workshop: The European Union Enlargement to the East, But at What Speed? University Paris I Pantheon Sorbonne. Mimeo.1999.