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  • Ein Wald mit Birkenbäumen von unten fotografiert ©smallredgirl / Fotolia
    © smallredgirl / Fotolia
    Green Finance

    Der Klimawandel stellt auch den Finanzsektor vor große Herausforderungen. Die Bundesbank unterstützt den Wandel hin zu einer kohlenstoffarmen Wirtschaft.

    Green Finance
    Finance Flash
    Finance Flash

    Themen rund um die Aufgaben der Bundesbank leicht verständlich erklärt.

    Finance Flash
    • Übersicht Bundesbank
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        • Dr. Joachim Nagel
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      • Bremen, Niedersachsen und Sachsen-Anhalt
        • Übersicht Bremen, Niedersachsen und Sachsen-Anhalt
        • Filialen
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        • Übersicht Hamburg, Mecklenburg-Vorpommern und Schleswig-Holstein
        • Filialen
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        • Übersicht Nordrhein-Westfalen
        • Filialen
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        • Übersicht Rheinland-Pfalz und Saarland
        • Filialen
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        • Übersicht Sachsen und Thüringen
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          • Chemnitz – Kulturhauptstadt 2025
        • Präsident
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  • Digitaler Euro ©Europäische Zentralbank
    © Europäische Zentralbank
    Digitaler Euro

    Informationen zum Projekt Digitaler Euro

    Digitaler Euro
    Bits und Bargeld ©Bert Bostelmann
    © Bert Bostelmann
    Bits & Bargeld

    Mit der Veranstaltungsreihe Bits und Bargeld möchte die Bundesbank mit der Gesellschaft in Dialog treten. Besuchen Sie unsere Veranstaltungen in mehreren Städten Deutschlands.

    Bits & Bargeld
    • Übersicht Aufgaben
    • Geldpolitik
      • Übersicht Geldpolitik
      • Geldpolitische Entscheidungen
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      • Geldpolitische Tenderoperationen
        • Übersicht Geldpolitische Tenderoperationen
        • Ausstehende Tenderoperationen
        • Tenderkalender und -system
        • Haupt- und längerfristige Refinanzierungsgeschäfte sowie Feinsteuerungsoperationen
        • Fremdwährungsgeschäfte
        • Historische Tenderoperationen
      • Notenbankfähige Sicherheiten
        • Übersicht Notenbankfähige Sicherheiten
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      • Geldpolitische Wertpapierankäufe
        • Übersicht Geldpolitische Wertpapierankäufe
        • Asset Purchase Programme (APP)
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        • Wertpapierleihe im APP und PEPP (Securities Lending)
        • Transmission Protection Instrument (TPI)
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      • Mindestreserven
        • Übersicht Mindestreserven
        • Rechtliche Grundlagen
        • Zinssätze und Reservesätze
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      • Kontakt
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      • Übersicht Finanz- und Währungssystem
      • Finanz- und Währungsstabilität
        • Übersicht Finanz- und Währungsstabilität
        • Rolle der Bundesbank
        • Begriffe und Definitionen
        • Makroprudenzielle Überwachung (AFS)
        • Wohnimmobilienfinanzierungen privater Haushalte
        • Risiko- und Stabilitätsanalyse
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        • Forum für Finanzstabilität
      • Internationale Zusammenarbeit
        • Übersicht Internationale Zusammenarbeit
        • ESRB und FSC
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      • Finanzstabilitätsbericht
    • Bankenaufsicht
      • Übersicht Bankenaufsicht
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      • Rolle der Bundesbank
        • Übersicht Rolle der Bundesbank
        • Bundesbank und BaFin
        • Einheitlicher Aufsichtsmechanismus
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          • Übersicht Operative Aufgaben
          • Kapital- und Liquiditätsausstattung
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        • EBA
        • Baseler Ausschuss für Bankenaufsicht
      • Rechtsgrundlagen
        • Übersicht Rechtsgrundlagen
        • EU-Gesetzgebung
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      • Einzelaspekte
        • Übersicht Einzelaspekte
        • Aufsichtsschwerpunkte
        • Eignungsprüfung, Erlaubnisverfahren, Inhaberkontrolle
        • Eigenmittelanforderungen
          • Übersicht Eigenmittelanforderungen
          • Eigenmittel
          • Kreditrisiko
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        • Einlagensicherung
        • FinTech
        • Kredit­dienstleistungs­institute
        • Groß- und Millionenkredite
        • Liquidität
          • Übersicht Liquidität
          • Aufsichtliche Meldungen der Institute zur LCR
          • Aufsichtliche Meldungen der Institute in Bezug auf die NSFR
          • Zusätzliche Parameter für die Liquiditätsüberwachung
          • Behandlung der Zentralbankreserven in der LCR
          • Liquiditäts­verordnung
        • Leverage Ratio
        • Makroprudenzielle Maßnahmen
        • MiCAR – Markets in Crypto-Assets Regulation
        • Offenlegung
        • Risikomanagement
          • Übersicht Risikomanagement
          • BAIT / DORA
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        • Sanierung und Abwicklung
        • SREP – Supervisory Review and Evaluation Process
        • Sustainable Finance
        • Wertpapier- und Finanzdienstleistungsinstitute
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        • Fachgremien
      • Dokumentation
    • Bargeld
      • Übersicht Bargeld
      • Bargeldstrategie des Eurosystems
      • Euro-Banknoten
        • Übersicht Euro-Banknoten
        • Forschung und Entwicklung
        • Hauptmerkmale
        • 5 Euro
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      • Euro-Münzen
        • Übersicht Euro-Münzen
        • Reguläre Umlaufmünzen
        • 2-Euro-Gedenkmünzen
        • Sammlermünzen
      • Ausländische Banknoten und Münzen
      • DM-Banknoten und -Münzen
      • Beschädigtes Geld
      • Falschgeld
        • Übersicht Falschgeld
        • Falschgelderkennung
        • Schulungen
        • Leitfaden Münzen
        • Prüfgeräte
      • Abbildungsvorschriften
      • Dienstleistungsangebot
        • Übersicht Dienstleistungsangebot
        • Für Bargeldgeschäftspartner
        • Für Andere (Jedermann)
        • Für Zentralbanken
      • CashEDI
        • Übersicht CashEDI
        • Allgemeine Informationen
          • Übersicht Allgemeine Informationen
          • Datenaustausch
          • Leistungsumfang WebEDI/Filetransfer
          • ExtraNet
        • Downloads und Videoanleitungen
        • Zugang CashEDI
        • Testzentrum CashEDI
      • Bargeldrecycling
        • Übersicht Bargeldrecycling
        • Rechtliche Rahmenbedingungen
        • Vor-Ort-Kontrollen
        • Münzrollenfertiger
        • Bargeldbearbeitungssysteme
        • Meldung statistischer Daten
          • Übersicht Meldung statistischer Daten
          • Filetransfer
          • WebCRCMV
          • Vordrucke Banknotenrecycling
          • Vordrucke Münzrecycling
      • Ökologische Nachhaltigkeit
      • Veranstaltungen
    • Unbarer Zahlungsverkehr
      • Übersicht Unbarer Zahlungsverkehr
      • Digitaler Euro
        • Übersicht Digitaler Euro
        • Auf einen Blick
        • Stand der Dinge
        • FAQ – Digitaler Euro
      • TARGET
        • Übersicht TARGET
        • Die TARGET-Services
        • Gemeinsame Komponenten der TARGET-Services
        • Rechtlicher Rahmen
        • Gremienarbeit
        • Zugangsgeschützter Bereich
      • T2
      • TARGET2-Securities
      • TIPS
      • ECMS
      • Sonstige Sicherheitenstellungen
      • PSD2
      • EMZ
        • Übersicht EMZ
        • SEPA-Clearer
          • Übersicht SEPA-Clearer
          • Teilnahme
          • Entgelte und Betriebszeiten
          • SCL-Directory
        • Nationale Scheckabwicklung
          • Übersicht Nationale Scheckabwicklung
          • Teilnahme
          • Entgelte und Betriebszeiten
      • Hausbankverfahren
        • Übersicht Hausbankverfahren
        • HBV-Individual
        • HBV-SEPA
        • HBV-Echtzeit
        • HBV-IMPay
        • Betriebszeiten und Entgelte
        • Kommunikation
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      • Überwachung
        • Übersicht Überwachung
        • Business Continuity
      • TIBER-DE
      • Trigger Solution
      • Serviceangebot
        • Übersicht Serviceangebot
        • Bankleitzahlen
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        • Kundentestzentrum
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        • TIBER-DE
        • Veranstaltungen
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      • Veröffentlichungen
        • Übersicht Veröffentlichungen
        • Analyse
        • Newsletter
        • amplus
    • Themen
  • Suche Icon
    SDMX Webservice

    Für das automatisierte Herunterladen statistischer Datensätze stellt die Bundesbank ein neues Verfahren bereit. Der Webservice bietet eine Schnittstelle für programmgesteuerte Zugriffe.

    SDMX Webservice
    Blaue Binärzahlen auf einem PC-Bildschirm ©ninog / fotolia
    © ninog / fotolia
    Zeitreihen-Datenbanken

    Aktuelle statistische Daten der Bundesbank in Form von Zeitreihen (auch zum Download als CSV- oder SDMX-ML-Datei).

    Zeitreihen-Datenbanken
    • Übersicht Statistiken
    • Außenwirtschaft
      • Übersicht Außenwirtschaft
      • Zahlungsbilanz
      • Auslandsvermögen und -verschuldung
      • Direktinvestitionen
    • Banken und andere finanzielle Unternehmen
      • Übersicht Banken und andere finanzielle Unternehmen
      • Banken
        • Übersicht Banken
        • Bilanzpositionen
        • Ertragslagedaten
        • Auslandspositionen der Banken
        • Geldmengenaggregate
        • OTC-Derivatestatistik
        • Triennial Central Bank Survey
      • Investmentgesellschaften
      • Pensionseinrichtungen
      • Verbriefungszweckgesellschaften
      • Versicherungen
      • Zahlungsverkehr
    • Geld- und Kapitalmärkte
      • Übersicht Geld- und Kapitalmärkte
      • Euro-Geldmarkt
      • Wertpapierbestände
      • Wertpapieremissionen
      • Zinssätze und Renditen
        • Übersicht Zinssätze und Renditen
        • Notenbankzinssätze
        • Geldmarktsätze
        • Umlaufsrenditen
        • Kurse, Renditen der Bundeswertpapiere
        • Zinsstruktur am Rentenmarkt
        • Abzinsungszinssätze
        • Einlagen- und Kreditzinssätze
        • Euro Short-Term Rate (€STR)
        • Realzinssätze auf Bankeinlagen
        • Erwartete Realzinssätze
    • Gesamtwirtschaftliche Rechenwerke
      • Übersicht Gesamtwirtschaftliche Rechenwerke
      • Volkswirtschaftliche Gesamtrechnungen
      • Finanzierungsrechnung
      • Vermögensbilanzen
    • Indikatorensätze
      • Übersicht Indikatorensätze
      • Indikatorensystem Wohnimmobilienmarkt
      • Indikatorensystem Gewerbeimmobilienmarkt
      • Financial Soundness Indicators
      • SDDS Plus
      • Lange Zeitreihen
    • Konjunktur und Preise
      • Übersicht Konjunktur und Preise
      • Produktion
      • Auftragseingang und -bestand
      • Umsätze
      • Beschäftigung und Arbeitsmarkt
      • Tarifverdienste und Arbeitskosten
      • Harmonisierter Verbraucherpreisindex
      • Nationale Erzeuger- und Verbraucherpreise
      • Außenhandelspreise
      • Immobilien- und Bauleistungspreise
      • Wöchentlicher Aktivitätsindex
    • Nachhaltigkeit
    • Öffentliche Finanzen
      • Übersicht Öffentliche Finanzen
      • Maastricht‑Defizit und ‑Schuldenstand
      • Haushaltsentwicklung in Deutschland (VGR)
      • Haushaltsentwicklung in Deutschland (Finanzstatistik)
    • Unternehmen und private Haushalte
    • Wechselkurse
      • Übersicht Wechselkurse
      • Devisenkurse, Euro-Referenzkurse, sonstige Wechselkurse
      • Effektive Wechselkurse
    • Zeitreihen-Datenbanken
  • Schriftliches Ausfüllen einer Überweisung ©Maria Lungwitz
    © Maria Lungwitz
    Bankleitzahlen-Suche

    Suchen Sie im aktuell gültigen Verzeichnis der Bankleitzahlen.

    Bankleitzahlen-Suche
    • Übersicht Service
    • Bankdienstleistungen für Zentralbanken
    • Banken und Unternehmen
      • Übersicht Banken und Unternehmen
      • Bund Bietungs-System (BBS)
        • Übersicht Bund Bietungs-System (BBS)
        • Betriebs- und Supportzeiten
        • Dokumentation
        • Geschäftsbedingungen
        • Testumgebung
      • Collateralmanagement Access Portal (CAP)
        • Übersicht Collateralmanagement Access Portal (CAP)
        • Betriebs- und Supportzeiten
        • Geschäftsbedingungen
      • CERT-Bundesbank
      • ESM/EFSF Bietungs-System (EBS)
        • Übersicht ESM/EFSF Bietungs-System (EBS)
        • Betriebs- und Supportzeiten
        • Dokumentation
        • Geschäftsbedingungen
      • Hinterlegungs-bescheinigungen für Gläubigerversammlungen
      • Mobilisation and Administration of Credit Claims (MACCs)
        • Übersicht Mobilisation and Administration of Credit Claims (MACCs)
        • Kundeninformationen
        • Rechtliche Grundlagen
        • Grenzüberschreitende Nutzung von Kreditforderungen (ECMS)
        • Testumgebung
        • Häufig gestellte Fragen (FAQ)
      • OffenMarkt Tender Operations-System (OMTOS)
        • Übersicht OffenMarkt Tender Operations-System (OMTOS)
        • Allgemeine Informationen zu OMTOS
        • Ansprechpartner
        • Betriebs- und Supportzeiten
        • Dokumentation
        • Geschäfts­bedingungen
        • Neukundeninformation
      • Public Key Infrastructure (PKI)
        • Übersicht Public Key Infrastructure (PKI)
        • Certificate Policy (CP) und Certification Practice Statement (CPS)
        • Erläuterungen zur E-Mail-Sicherheit
    • Beschaffungen
    • Bundeswertpapiere
      • Übersicht Bundeswertpapiere
      • Einmalemissionen
      • Emissionsbedingungen
      • Emissionskalender des Bundes
      • Tenderverfahren
      • Kurse und Renditen
      • Stripping
    • NExt
    • ExtraNet
    • Finanzsanktionen
      • Übersicht Finanzsanktionen
      • Sanktionsregimes
    • Immobilienmanagement
      • Übersicht Immobilienmanagement
      • Objekte
    • Mediathek
    • Meldewesen
      • Übersicht Meldewesen
      • Außenwirtschaft
        • Übersicht Außenwirtschaft
        • Änderungen im Meldewesen
        • Auskünfte zum Meldewesen
        • Einreichungsfrist
        • Elektronische Einreichung
          • Übersicht Elektronische Einreichung
          • AMS
          • Filetransfer
          • NExt
        • FAQ & Merkblätter
        • Rechtliche Grundlagen
        • Schlüsselverzeichnisse
      • Außenwirtschaft Formular-Center
        • Übersicht Außenwirtschaft Formular-Center
        • Zahlungsmeldungen
        • Meldungen über Auslandsforderungen und ‑verbindlichkeiten
        • Meldungen über grenzüberschreitende Unternehmensbeteiligungen
      • Bankenaufsicht
        • Übersicht Bankenaufsicht
        • Europäisches Meldewesen
        • Nationales Meldewesen
        • PRISMA: Aufsichtliche Meldestrecke
        • Formate (XBRL und XML)
      • Bankenaufsicht Formular-Center
      • Bankenstatistik
        • Übersicht Bankenstatistik
        • Kundensystematik
        • Formate XML
        • ExtraNet
        • Rechtliche Grundlagen
        • Neufassung der EZB-Verordnungen
      • Bankenstatistik Formular-Center
      • Bankenstatistik Rundschreiben
      • Finanzstabilität
        • Übersicht Finanzstabilität
        • Formate (XML)
        • Sonstige rechtliche Grundlagen
    • Mitarbeiter/-innen der Bundesbank
    • Newsletter
    • Schlichtungsstelle
    • Schule und Bildung
      • Übersicht Schule und Bildung
      • Unterrichtsmaterialien
        • Übersicht Unterrichtsmaterialien
        • Sekundarstufe II
        • Sekundarstufe I
        • Primarstufe
        • Grafiken für den Unterricht
      • Erklärfilme
      • Interaktive Angebote
      • Vortragsveranstaltungen und Lehrerfortbildung
    • Termine
  • Journalisten bei einer Pressekonferenz ©Frank Rumpenhorst
    © Frank Rumpenhorst
    Presse

    Im Pressebereich finden Sie Pressemitteilungen, Reden, Gastbeiträge und Interviews von Mitgliedern des Vorstands der Deutschen Bundesbank sowie weiteres Pressematerial. Für Journalistinnen und Journalisten steht ein zugangsgeschützter Pressebereich zur Verfügung.

    Presse
    • Übersicht Presse
    • Pressenotizen
      • Übersicht Pressenotizen
      • Bundeswertpapiere
      • Europäische Zentralbank
      • EFSF/ESM
    • Reden
    • Interviews
    • Gastbeiträge
    • Stellungnahmen
    • Pressematerial
      • Übersicht Pressematerial
      • Bildarchiv
      • Footage
      • Logo
      • 60 Jahre
    • Pressetermine
    • Pressekontakt
    • Vorstandskalender
  • Das Buch „Geld und Geldpolitik“ ©Nils Thies
    © Nils Thies
    Schülerbuch „Geld und Geldpolitik“

    Das Schülerbuch für die Sekundarstufe II informiert über grundlegende Zusammenhänge und aktuelle Entwicklungen rund um Geld, Währung und Zentralbank.

    Schülerbuch „Geld und Geldpolitik“
    • Übersicht Publikationen
    • Berichte und Studien
    • Europäische Zentralbank
    • Forschung
    • Schule und Bildung
    • Statistiken
    • Übersicht Karriere
    • Jobbörse
    • Arbeitgeber Bundesbank
      • Übersicht Arbeitgeber Bundesbank
      • Jobstorys
      • Vielfalt, Gleichstellung & Inklusion
      • Bundesweite Standorte
    • Fachrichtungen
      • Übersicht Fachrichtungen
      • Informationstechnologie
        • Übersicht Informationstechnologie
        • Payment Systems IT
        • Journey to Cloud
          • Übersicht Journey to Cloud
          • Wir wollen in die Cloud
          • Der Weg dorthin
      • Wirtschaft und Bankwesen
      • Data Science
      • Geldbearbeitung
      • Technischer Gebäudebetrieb
    • Einstiegsoptionen
      • Übersicht Einstiegsoptionen
      • Direkteinstieg
      • Traineeprogramme
        • Übersicht Traineeprogramme
        • Traineeprogramm (Bachelor)
        • Traineeprogramm IT (Bachelor)
        • Traineeprogramm (Master)
      • Duale Studiengänge
        • Übersicht Duale Studiengänge
        • Zentralbankwesen (BWL) / HS Bundesbank
        • Betriebswirtschaft / HS Mainz
        • Business Management / OTH Regensburg
        • BWL (Bank) / DHBW Stuttgart
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  • Other Publications

    • Estimating Endogenous Liquidity Using Transaction and Order Book Information Durand P., Gündüz Y., Thomazeau I.

      2013 | in: J. Batten, P. MacKay, N. Wagner (eds.), Advances in Financial Risk Management-Corporates, Intermediaries and Portfolios, Palgrave MacMillan.

    • Credit Default Swap Markets and Credit Risk Pricing – A Comparative Study Gündüz Y.

      2008 | Ph.D. Dissertation, University of Karlsruhe.

    • Decision Patterns and Information Availability in the Beer Distribution Game Kunze J., Gündüz Y.

      2006 | Proceedings of the 24th International System Dynamics Conference, Nijmegen, Netherlands.

    • Utilizing Financial Models in Market Design: The Search for a Benchmark Model Gündüz Y., Seese D., Uhrig-Homburg M.

      2006 | in: T. Dreier, R. Studer, C. Weinhardt (eds.), Information Management and Market Engineering, Universitätsverlag Karlsruhe, pp. 165-176.

    • A System Dynamics Approach to Modelling Business-to-Business Markets – Case of Siemens Y. Gündüz, Alsan A.

      2004 | Proceedings of the 22th International System Dynamics Conference, Oxford, England.

  • Research Brief

    • The child bonus in the coronavirus pandemic: a case of redistribution rather than fiscal stimulus Research Brief | 48th edition – June 2022
      13.06.2022 Olga Goldfayn-Frank, Vivien Lewis, Nils Wehrhöfer, Ph.D.
  • Research Brief

    • How do energy prices influence inflation expectations? Research Brief | 62nd edition – November 2023
      28.11.2023 Nils Wehrhöfer, Ph.D.
    • The child bonus in the coronavirus pandemic: a case of redistribution rather than fiscal stimulus Research Brief | 48th edition – June 2022
      13.06.2022 Olga Goldfayn-Frank, Vivien Lewis, Nils Wehrhöfer, Ph.D.
    • Product carbon contents – an encompassing and market based information system von Kalckreuth, U.

      2025 | Latin American Journal of Central Banking.

    • Choosing and using payment instruments: evidence from German microdata von Kalckreuth U., Schmidt T., Stix H.

      2014 | Empirical Economics, Vol. 46(3), pp. 1019-1055.

    • Using Cash to Monitor Liquidity – Implications for Payments, Currency Demand and Withdrawal Behavior von Kalckreuth U., Schmidt T., Stix H.

      2014 | Journal of Money, Credit and Banking, Vol. 46(8), pp. 1753-1786.

    • Identifying discretionary fiscal policy with real-time data von Kalckreuth U., Wolff G.

      2011 | Journal of Money, Credit and Banking, Vol. 43(6), 1271-1285.

    • Panel estimation of state dependent adjustment when the target is unobserved von Kalckreuth U.

      2011 | Empirical Economics, Vol. 40(1), 205-235.

    • Globalisation, Accumulation and Inequality – the Case of Germany von Kalckreuth U., Ziebarth G.

      2007 | Zeitschrift für Wirtschaftspolitik, Vol. 56(29), 231-251.

    • Dependence on external finance by manufacturing sector: Examining the measure and its properties von Fürstenberg G., von Kalckreuth U.

      2007 | Economie internationale, Vol. 111(1), 55-80.

    • Financial constraints and capacity adjustment – Evidence from a large panel of survey data von Kalckreuth U.

      2006 | Economica, Vol. 73, issue 292, 691-724.

    • Dependence on external finance – an inherent industry characteristic? von Fürstenberg G., von Kalckreuth U.

      2006 | Open Economies Review, Vol. 17(4), 541-559.

    • Stable solutions to homogeneous difference-differential equations with constant coefficients: Analytical instruments and an application to monetary policy. von Kalckreuth U., Krtscha M.

      2004 | Applications of Mathematics, Vol. 49(4), 373-386.

    • Exploring the role of uncertainty for corporate investment decisions in Germany von Kalckreuth U.

      2003 | Schweizerische Zeitschrift für Volkswirtschaft und Statistik (Swiss Journal of Economics), Vol. 139(2), 173-206.

    • New findings on firm investment and monetary transmission in the Euro area Chatelain J.-B., Hernando I., Generale A., von Kalckreuth U., Vermeulen P.

      2003 | Oxford Review of Economic Policy, Vol. 19(1), 1-11.

    • Monetary transmission in the new economy: Service life of capital, transmission channels and the speed of adjustment von Kalckreuth U., Schroeder J.

      2002 | Jahrbuch für Wirtschaftswissenschaften (Review of Economics), 53, 125-141.

  • Refereed Publications

    • The Panel on Household Finances (PHF) – Microdata on Household Wealth in Germany Altmann K., Bernard R., Le Blanc J., Gabor-Toth E., Hebbat M., Kothmayr L., Le Blanc J., Schmidt T., Tzamourani P., Werner D., Zhu J.

      2020 | German Economic Review, Vol. 21(3), pp. 373-400.

    • Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area Zhu J., Adam K.

      2016 | Journal of the European Economic Association, Vol. 14(4), pp. 871-906.

    • Household saving behavior and credit constraints in the Euro area Le Blanc J., Porpiglia A., Teppa F., Zhu J., Ziegelmeyer M.

      2016 | International Journal of Central Banking, Vol. 44, pp. 15-69.

    • Bracket Creep Revisited – with and without r > g: Evidence from Germany Zhu J.

      2014 | Journal of Income Distribution, Vol. 23(3-4), pp. 106ff.

  • Refereed Publications

    • Beyond Income: Exploring the Role of Household Wealth for Subjective Well-Being in Germany Jantsch A., Le Blanc J., Schmidt T.

      2024 | Journal of Happiness Studies, Vol. 25 (101).

    • Inflation expectations in the wake of the war in Ukraine Afunts G., Cato M., Schmidt T.

      2024 | Journal of Behavioural and Experimental Economics, Vol. 113.

    • Nevertheless, they persist: Cross-Country Differences in Homeownership Behavior Huber S.J., Schmidt T.

      2022 | Journal of Housing Economics, Vol. 55, 101804.

    • The value of data privacy during the COVID-19 pandemic: a new set of survey questions Anand K., Helmschrott S., Schmidt T., Zhou S.

      2022 | Measurement Instruments for the Social Sciences, Vol. 4, 10 (2022).

    • Interviewer Effects and the Measurement of Financial Literacy Crossley T. F., Schmidt T., Tzamourani P., Winter J. K.

      2021 | Journal of the Royal Statistical Society. Series A: Statistics in Society, Vol. 184(1), pp. 150-178.

    • Fieldwork Monitoring in Practice: Insights from 17 Large-scale Social Science Surveys in Germany Meitinger K., Stadtmüller S., Silber H., Auriga R., Bergmann M., Blohm M., Blumenberg M., Christmann P., Felderer B., Frodermann C., Griese F., Gummer T., Hähnel S., Koch A., Kottwitz A., Krell K., Krieger U., Liebau E., Martin S., Müller-Kuller A., Rammstedt B., Schaurer I., Scherpenzeel A., Schmiedeberg C., Schmidt T., Schnaudt C., Zabal A.

      2020 | Survey Methods: Insights from the Field.

    • The Panel on Household Finances (PHF) – Microdata on Household Wealth in Germany Altmann K., Bernard R., Le Blanc J., Gabor-Toth E., Hebbat M., Kothmayr L., Le Blanc J., Schmidt T., Tzamourani P., Werner D., Zhu J.

      2020 | German Economic Review, Vol. 21(3), pp. 373-400.

    • Identifying income and wealth-poor households in the euro area Müller P., Schmidt T.

      2018 | Journal of Poverty, Vol. 22(2), pp. 126-155.

    • The influence of an up-front experiment on respondents' recording behaviour in payment diaries: Evidence from Germany Sieber S., Schmidt T.

      2017 | Journal of Official Statistics, Vol. 33(29), pp. 427-454.

    • Zur Finanziellen Bildung der Privaten Haushalte in Deutschland: Ergebnisse der Studie “Private Haushalte und ihre Finanzen (PHF)“ Schmidt T., Tzamourani P.

      2017 | DIW Quarterly Journal of Economic Research. Vol. 86(4), pp. 31-49.

    • Consumer cash usage: A cross-country comparison with payment diary survey data Bagnall J., Bounie D., Huynh K., Kosse A., Schmidt T., Schuh S., Stix H.

      2016 | International Journal of Central Banking, December, pp. 1-62.

    • How do households allocate their assets? Stylized facts from the Eurosystem Household Finance and Consumption survey Arrondel L., Bartiloro L., Fessler P., Lindner P., Mathä T., Rampazzi C., Savignac F., Schmidt T., Schürz M., Vermeulen P.

      2016 | International Journal of Central Banking, June, pp. 129-220.

    • Consumers' Recording Behaviour in Payment Diaries – Empirical Evidence from Germany Schmidt T.

      2014 | Survey Methods: Insights from the Field. Vol. 2014, pp. 1-16.

    • Choosing and using payment instruments: evidence from German microdata von Kalckreuth U., Schmidt T., Stix H.

      2014 | Empirical Economics, Vol. 46(3), pp. 1019-1055.

    • Using Cash to Monitor Liquidity – Implications for Payments, Currency Demand and Withdrawal Behavior von Kalckreuth U., Schmidt T., Stix H.

      2014 | Journal of Money, Credit and Banking, Vol. 46(8), pp. 1753-1786.

    • International cooperation on innovation: firm-level evidence from two European countries De Faria P., Schmidt T.

      2012 | Innovation: Management, Policy and Practice, Vol.14(3), pp. 304-324.

    • The effects of knowledge management on innovative success – an empirical analysis of German firms Cantner U., Joel K., Schmidt T.

      2011 | Research Policy, Vol.40(10), pp. 1453-1462.

    • Absorptive Capacity – One size fits all? Schmidt T.

      2010 | Managerial and Decision Economics, Vol. 31(1), pp. 1-18.

    • Liability of Foreignness as a Barrier to Knowledge Spillovers: Lost in Translation? Schmidt T., Sofka W.

      2009 | Journal of International Management, Vol. 15(4), pp. 460-474.

    • The use of knowledge management by German innovators Cantner U., Joel K., Schmidt T.

      2009 | Journal of Knowledge Management, Vol. 13(4), pp. 187-203.

    • Understanding co-operative R&D activity: evidence from four European countries Abramovsky L., Kremp E., López A., Schmidt T., Simpson H.

      2009 | Economics of Innovation and New Technology, Vol.18(3), pp. 243-265.

    • Empirical Evidence on the Success of R&D Co-operation – Happy Together? Aschhoff B., Schmidt T.

      2008 | Review of Industrial Organisation, Vol. 33(1), pp. 41-62.

    • Two for the price of one? Additionality effects of R&D subsidies: A comparison between Flanders and Germany Aerts K., Schmidt T.

      2008 | Research Policy, Vol. 37(5), pp. 806-822.

    • Innovationspotenziale in der Bewertung von IPOs Grimpe C., Schmidt T., Sofka W.

      2007 | M&A Review, Vol. 3/2007, pp. 118-123.

    • Die Nutzung der Daten des Mannheimer Innovationspanels für die Politikberatung Aschhoff B., Schmidt T.

      2007 | DIW Vierteljahreshefte zur Wirtschaftsforschung, Vol. 76(3), pp. 17-28.

  • Other Publications

    • A joint top income and wealth distribution Steiner V., Zhu J.

      2021 | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin

    • Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area Adam K., Zhu J.

      2015 | ECB working paper series. No 1853.

  • Refereed Publications

    • Estimating the country-specific effects of shocks to interest rate expectations in the Euro area Mandler M., Scharnagl M.

      2023 | Journal of Forecasting, Vol. 42(3), pp. 643-656.

    • Financial cycles across G7 economies: a view from wavelet analysis Mandler M., Scharnagl M.

      2022 | Journal of Economic Asymmetries, Vol. 26, e00277.

    • Financial Cycles in European Economies: A cross-country perspective using wavelet analysis Mandler M., Scharnagl M.

      2022 | Oxford Bulletin of Economics and Statistics (formerly: Bulletin of the Institute of Economics and Statistics), Vol. 84(3), pp. 569-593.

    • Heterogeneity in euro-area monetary policy transmission: results from a large multi-country BVAR model Mandler M., Scharnagl M., Volz U.

      2022 | Journal of Money, Credit and Banking, Vol. 54(2-3), pp. 627-649.

    • Bank loan supply shocks and alternative financing of non-financial corporations in the euro area Mandler M., Scharnagl M.

      2020 | The Manchester School, Vol. 88(S1), pp. 126-150.

    • Real and financial cycles in euro area economies: results from wavelet analysis Scharnagl M., Mandler M.

      2019 | Journal of Economics and Statistics, Vol. 239(5-6), pp. 895-916.

    • Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis? Scharnagl M., Stapf J.

      2015 | Economic Modelling, Vol. 48, pp. 248-269.

    • Should monetary policy respond to money growth? New results for the euro area Gerberding C., Scharnagl M., Seitz F.

      2010 | International Finance, Vol. 13(3), pp. 409-441.

    • How effective are automatic stabilizers? Theory and empirical evidence for Germany and other OECD countries Scharnagl M., Tödter K.-H.

      2005 | in: C. Dreger and H. Galler (eds.), Advances in macroeconometric modeling, pp. 295-310.

    • The stability of German money demand: not just a myth Scharnagl M.

      1998 | Empirical Economics, Vol. 23(3), pp. 355-370.

    • Monetäres Reinvermögen versus Geldmenge M3: eine Entgegnung Clostermann J., Scharnagl M., Seitz F.

      1997 | Kredit und Kapital, Vol. 30(1), pp. 101-115.

  • Refereed Publications

    • Would Households Understand Average Inflation Targeting? Hoffmann M., Mönch E., Pavlova L., Schultefrankenfeld G.

      2022 | Journal of Monetary Economics (incl. Issues on the Carnegie-Rochester Conference Series on Public Policy), Vol. 129(S), pp. 52-66.

    • Appropriate monetary policy and forecast disagreement at the FOMC Schultefrankenfeld G.

      2020 | Empirical Economics, Vol. 58, pp. 223-255.

    • Assessing the uncertainty in central banks’ inflation outlooks Knüppel M., Schultefrankenfeld G.

      2019 | International Journal of Forecasting, Vol. 35(4), pp. 1748-1769.

    • Interest rate assumptions and predictive accuracy of central bank forecasts Knüppel M., Schultefrankenfeld G.

      2017 | Empirical Economics, Vol. 53(1), pp. 195-215.

    • Forecast uncertainty and the Bank of England’s interest rate decisions Schultefrankenfeld G.

      2013 | Studies in Nonlinear Dynamics and Econometrics, Vol. 17(1), pp. 1-20.

    • How informative are central bank assessments of macroeconomic risks? Knüppel M., Schultefrankenfeld G.

      2012 | International Journal of Central Banking, Vol. 8(3), pp. 87-139.

  • Refereed Publications

    • Are risky banks disciplined by large corporate depositors? Imbierowicz B., Saunders A., Steffen S.

      Journal of Money, Credit and Banking, forthcoming.

    • Bank Lending and Firms' Internal Capital Markets following a Deglobalization Shock Imbierowicz B., Nagengast A., Prieto E., Vogel U.

      2025 | Journal of International Economics, Vol. 174, 104119.

    • Financial Debt Contracting and Managerial Agency Imbierowicz B., Streitz D.

      2024 | Financial Management, Vol. 53(1), pp. 99-118.

    • What Drives Startup Valuations? Imbierowicz B., Rauch C.

      2024 | Journal of Banking and Finance, Vol. 168, 107251.

    • The transmission of bank capital requirements and monetary policy to bank lending in Germany Imbierowicz B., Löffler A., Vogel U.

      2021 | Review of International Economics, Vol. 29(1), pp. 144-164.

    • Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? Acharya V. V., Imbierowicz B., Steffen S., Teichmann D.

      2020 | Journal of Financial Economics, Vol. 138(2), pp. 342-365.

    • Time-varying capital requirements and disclosure rules: Effects on capitalization and lending decisions Imbierowicz B., Kragh J., Rangvid J.

      2018 | Journal of Money, Credit and Banking, Vol. 50(4), pp. 573-602.

    • Covenant violations and dynamic loan contracting Freudenberg F., Imbierowicz B., Saunders A., Steffen S.

      2017 | Journal of Corporate Finance, Vol. 45, pp. 540-565.

    • The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis Berger A., Imbierowicz B., Rauch C.

      2016 | Journal of Money, Credit and Banking, Vol. 48(4), pp. 729-770.

    • The Relationship between Liquidity Risk and Credit Risk in Banks Imbierowicz B., Rauch C.

      2014 | Journal of Banking and Finance, Vol. 40, pp. 242-256.

    • Wealth Transfer Effects between Stockholders and Bondholders Imbierowicz B., Wahrenburg M.

      2013 | The Quarterly Review of Economics and Finance, Vol. 53, pp. 23-43.

  • Refereed publications

    • The value of data privacy during the COVID-19 pandemic: a new set of survey questions Anand K., Helmschrott S., Schmidt T., Zhou S.

      2022 | Measurement Instruments for the Social Sciences, Vol. 4, 10 (2022).

    • Are incentive effects generalizable to Germany? Evidence from nine large-scale face-to-face social surveys Pforr K., Blohm M., Blom A., Erdel B., Felderer B., Hajek K., Helmschrott S., Kleinert C., Koch A., Krieger U., Kroh M., Martin S., Saßenroth D., Schmiedeberg C., Schröder M., Trüdinger E.-M., Rammstedt B.

      2015 | Public Opinion Quarterly, 79(3), pp. 740-768.

    • The use of respondent incentives in PIAAC: The field test experiment in Germany Martin S., Helmschrott S., Rammstedt B.

      2014 | Methods, Data, Analyses (MDA), Vol. 8(2), pp. 223-242.

    • Nonresponse in PIAAC Germany Helmschrott S., Martin S.

      2014 | Methods, Data, Analyses (MDA), Vol. 8(2), pp. 243-266.

  • Refereed Publications

    • Estimation of Heterogeneous Agent Models: A Likelihood Approach Parra-Alvarez J.C., Posch O., Wang M.

      2023 | Oxford Bulletin of Economics and Statistics (formerly: Bulletin of the Institute of Economics and Statistics), Vol. 85(2), pp. 304-330.

    • Economic Theories and Macroeconomic Reality Loria F., Matthes C., Wang M.

      2022 | Journal of Monetary Economics (incl. Issues on the Carnegie-Rochester Conference Series on Public Policy), Vol. 126, pp. 105-117.

    • Choosing Prior Hyperparameters: With Applications to Time-Varying Parameter Models Amir-Ahmadi P., Matthes C., Wang M.-C.

      2020 | Journal of Business and Economic Statistics, Vol. 38(1), pp. 124-136.

    • Measurement Errors and Monetary Policy: Then and Now Amir-Ahmadi P., Matthes C., Wang M.-C.

      2017 | Journal of Economic Dynamics and Control, Vol. 79, pp. 66-78.

    • Drifts and Volatilities under Measurement Error: Assessing Monetary Policy Shocks over the Last Century Amir-Ahmadi P., Matthes C., Wang M.-C.

      2016 | Quantitative Economics, Vol. 7(2), pp. 591-611.

    • Incorporating Asymmetric Preferences into Fan Charts and Path Forecasts Demetrescu M., Wang M.-C.

      2014 | Oxford Bulletin of Economics and Statistics, Vol. 76(2), pp. 287-297.

    • What Drives Inflation in New Keynesian Models? Matthes C., Wang M.-C.

      2012 | Economics Letters, Vol. 114(3), pp. 338-342.

    • Comparing the DSGE Model with the Factor Model: An Out-of-Sample Forecasting Experiment Wang M.-C.

      2009 | Journal of Forecasting, Vol. 28(2), pp 167-182.

  • Other Working Papers and Publications

    • Real and financial cycles in EU countries: Stylised facts and modelling implications Rünstler G., Balfoussia H., Burlon L., Buss G., Comunale M., de Backer B., Dewachter H., Guarda P., Haavio M., Hindrayanto I., Iskrev N., Jaccard I., Kulikov D., Kunovac D., Lenarcic C., Lequien M., Lozej M., Mandler M., Papageorgiou D., Pedersen J., Perez-Quiros G., Rannenberg A., Rots E., Scharnagl M., Welz P.

      2018 | ECB Occasional Paper, No. 205. 

    • Datenzugang in Deutschland: Der Paradigmenwechsel hat bereits stattgefunden Bender S.

      2014 | AStA Wirtschafts- und Sozialstatistisches Archiv, Vol. 8, No. 4, 237-248 (Comments to the article of Rendtel, U. in the same issue).

    • Households’ financial portfolio choices: a comparison between France and Germany (1978-2009) Avouyi Dovi S., Borgy V., Pfister C., Scharnagl M., Sedillot F.

      2013 | in: Winkler, B., A. van Riet and P. Bull (eds.), A Flow of Funds Perspective on the Financial Crisis, Palgrave Macmillan.

    • Households’ portfolio structure in Germany: Analysis of financial accounts data 1959-2009 Ram F., Scharnagl M.

      2011 | ECB Working Paper, No. 1355.

  • Refereed Publications

    • Euro area banks' interest rate risk exposure to level, slope and curvature swings in the yield curve Foos D., Lütkebohmert E., Markovych M., Pliszka K.

      2022 | European Financial Management, Vol. 28(4), pp. 883-925.

    • Model and estimation risk in credit risk stress tests Grundke P., Pliszka K., Tuchscherer M.

      2020 | Review of Quantitative Finance and Accounting, Vol. 55, pp. 163-199. 

    • What are the real effects of financial market liquidity? Evidence on bank lending from the euro area Dombret A., Foos D., Pliszka K., Schulz A.

      2019 | Journal of International Financial Markets, Institutions & Money, Vol. 62, pp. 152-183.

    • A macroeconomic reverse stress test Grundke P., Pliszka K.

      2018 | Review of Quantitative Finance and Accounting, Vol. 50(4), pp. 1093-1130.

  • Refereed Publications

    • Time-varying return correlation, news shocks, and business cycles Metiu N., Prieto Fernandes E.

      2025 | European Economic Review, Vol. 172, 104916.

    • The Global Financial Cycle and Macroeconomic Tail Risks Beutel J., Emter L., Metiu N., Prieto Fernandez E., Schüler Y.

      2025 | Journal of International Money and Finance, Vol. 156, 103342.

    • Global financial stress and financial transmission channels Eickmeier S., Metiu N., Quast J., Tanneberger S.

      2023 | Chapter, Handbook of Financial Integration, forthcoming.

    • Anticipation effects of protectionist U.S. trade policies Metiu N.

      2021 | Journal of International Economics, Vol. 133, 103536.

    • Toothless tiger with claws? Financial stability communication, expectations, and risk-taking Beutel J., Metiu N., Stockerl V.

      2021 | Journal of Monetary Economics (incl. Issues on the Carnegie-Rochester Conference Series on Public Policy) Vol. 120, pp. 53-69.

    • The synchronization of credit cycles Meller B., Metiu N.

      2017 | Journal of Banking and Finance, Vol. 82, pp. 98-111.

    • How does the stock market respond to changes in bank lending standards? Metiu N.

      2016 | Economics Letters, Vol. 144, pp. 92-97.

    • Credit constraints and the international propagation of US financial shocks Grill M., Hilberg B., Metiu N.

      2016 | Journal of Banking and Finance, Vol. 72, pp. 67-80.

    • The evolution of economic convergence in the European Union Borsi M.T., Metiu N.

      2015 | Empirical Economics, Vol. 48(2), pp. 657-681.

    • Sovereign risk contagion in the Eurozone Metiu N.

      2012 | Economics Letters, Vol. 117, pp. 35-38.

  • Refereed Publications

    • Discussion of Rising Bank Concentration by Dean Corbae and Pablo D'Erasmo Mankart J.

      2020 | Journal of Economic Dynamics and Control, Vol. 115, 103878.

    • Comments on “Rising Bank Concentration” Mankart J.

      2020 | Journal of Economic Dynamics and Control, Vol 115, 103878.

    • Bank Capital Buffers in a Dynamic Model Mankart J., Michaelides A., Pagratis S.

      2020 | Financial Management, Vol. 49(2), pp. 473-502.

    • Household search and the aggregate labor market Mankart J., Oikonomou R.

      2017 | Review of Economic Studies, Vol. 84(4), pp. 1735-1788.

    • The rise of the added worker effect Mankart J., Oikonomou R.

      2016 | Economics Letters, Vol. 143, pp. 48-51.

    • Personal Bankruptcy Law, Debt Portfolios, and Entrepreneurship Mankart J., Rodano G.

      2015 | Journal of Monetary Economics, Vol. 76, pp. 157-172.

    • The (Un-) importance of Chapter 7 wealth exemption levels Mankart J.

      2014 | Journal of Economic Dynamics and Control, Vol. 38, pp. 1-16.

  • Refereed Publications

    • (Un)expected Monetary Policy Shocks and Term Premia Kliem M., Meyer-Gohde A.

      2022 | Journal of Applied Econometrics, Vol. 37(3), pp. 477-499.

    • Rebalancing the Euro Area: Is Wage Adjustment in Germany the Answer? Hoffmann M., Kliem M., Krause M., Moyen S., Sauer R.

      2021 | Journal of International Money and Finance, Vol. 119, 102497.

    • Monetary-fiscal policy interaction and fiscal inflation: A tale of three countries Kliem M., Kriwoluzky A., Sarferaz S.

      2016 | European Economic Review, Vol. 88, pp. 158-184.

    • On the low-frequency relationship between public deficits and inflation Kliem M., Kriwoluzky A., Sarferaz S.

      2016 | Journal of Applied Econometrics, Vol. 31(3), pp. 566-583.

    • Bayesian estimation of a dynamic stochastic general equilibrium model with asset prices Kliem M., Uhlig H.

      2016 | Quantitative Economics, Vol. 7(1), pp. 257-287.

    • Toward a Taylor rule for fiscal policy Kliem M., Kriwoluzky A.

      2014 | Review of Economic Dynamics, Vol. 17(2), pp. 294-302.

    • Reconciling narrative monetary policy disturbances with structural VAR model shocks? Kliem M., Kriwoluzky A.

      2013 | Economics Letters, Vol. 121(2), pp. 247-251.

    • Assessing Macro-Financial Linkages: A Model Comparison Exercise Gerke R., Jonsson M., Kliem M., Kolasa M., Lafourcade P., Locarno A., Makarskic K., McAdam P.

      2013 | Economic Modelling, Vol. 31(3), pp. 253-264.

  • Refereed Publications

    • The Fay-Herriot model for multiply imputed data with an application to regional wealth estimation in Germany Kreutzmann A., Marek P., Runge M., Salvati N., Schmid T.

      2022 | Journal of Applied Statistics, Vol. 49(13), pp. 3278-3299.

    • Functional Upgrading and Performance of Multinational Subsidiaries Marek P., Jindra B., Burger A., Rojec M.

      2018 | Journal of International Management, Vol. 24(2), pp. 108-122.

    • R&D collaborations and the role of proximity Marek P., Blum U., Fuhrmeister C., Titze M.

      2017 | Regional Studies, Vol. 51(12), pp. 1761-1773.

    • FDI, Human Capital and Income Convergence - Comparative Evidence for European Regions Jindra B., Marek P., Völlmecke D.

      2016 | Economic Systems, Vol. 40(2), pp. 288-307.

    • Does country context distance determine subsidiary decision-making autonomy? – Theory and evidence from European transition economies de Jong G., Jindra B., Marek P., van Dut V.

      2015 | International Business Review, Vol. 24(5), pp. 874-889.

    • The Regional Distribution of Foreign Investment in Russia. Are Russians more appealing to Multinationals as Consumers or Natural Resource Holders? Gonchar K., Marek P.

      2014 | Economics of Transition, Vol. 22(4), pp. 605-634.

    • Agglomeration and FDI in East German Knowledge-intensive Business Services Marek P.

      2012 | Economia Politica, Vol. 29(3), pp. 343-360.

    • Heterogeneous FDI in Transition Economies A Novel Approach to Assess the Developmental Impact of Backward Linkages Giroud A., Jindra B., Marek P.

      2012 | World Development, Vol. 40(11), pp. 2206-2220.

    • Regional Determinants of MNEs Location Choice in Post-transition Economies Gauselmann A., Marek P.

      2012 | Empirica, Vol. 39(4), pp. 487-511.

    • An Introduction to the IWH FDI Micro Database Gauselmann A., Günther J., Jindra B., Marek P., Stephan J.

      2011 | Schmollers Jahrbuch Journal of Applied Social Science Studies, Vol. 131(3), pp. 529-546.

  • Latest methodogical report

    • Houston, we have a problem: Can satellite information bridge the climate-related data gap? Andres Alonso-Robisco, Jose Manuel Carbo, Emily Kormanyos, Elena Triebskorn
      Technical Report 2024-02 | 690 KB, PDF
  • Refereed Publications

    • Mututal fund clienteles Fricke D., Jank S., Wilke H.

      2025 | Review of Financial Studies, forthcoming.

    • Who pays the greenium and why? A decomposition Fricke D., Meinerding C.

      2025 | Journal of International Money and Finance, Vol. 157, 103381.

    • You Can't Always Get What You Want (Where You Want It): Cross-Border Effects of the US Money Market Fund Reform Fricke D., Greppmair S., Paludkiewicz K.

      2024 | Journal of International Economics, Vol. 147, 103846.

    • Connected Funds Fricke D., Wilke H.

      2023 | Review of Financial Studies, 36(11), 4546–4587.

    • Backtesting Macroprudential Stress Tests Caccioli F., Fricke D., Ramadiah A.

      2022 | Journal of Economic Dynamics and Control, Vol. 137, 104333.

    • Vulnerable Asset Management? The Case of Mutual Funds Fricke D., Fricke C.

      2021 | Journal of Financial Stability, Vol. 5 (2), 100800.

    • Reconstructing and Stress Testing Credit Networks Ramadiah A., Caccioli F., Fricke D.

      2020 | Journal of Economic Dynamics and Control, Vol. 111, 103817.

    • Generalists and specialists in the credit market Fricke D., Roukny T.

      2020 | Journal of Banking and Finance, Vol. 112, 105335.

    • Are specialist funds “special”? Fricke D.

      2019 | Financial Management, Vol. 48(2), pp. 441-472.

    • Too Fast or Too Slow? Determining the Optimal Speed of Financial Markets Fricke D., Gerig A.

      2018 | Quantitative Finance, Vol. 18(4), pp. 519-532.

    • Has the banking system become more homogeneous? Evidence from banks’ loan portfolios Fricke D.

      2016 | Economics Letters, Vol. 142, pp. 45-48.

    • Core-Periphery Structure in the Overnight Money Market: Evidence from the e-MID Trading Platform Fricke D., Lux T.

      2015 | Computational Economics, Vol. 45(3), pp. 359-395.

    • On the Distribution of Links in the Interbank Network: Evidence from the e-MID Overnight Money Market Fricke D., Lux T.

      2015 | Empirical Economics, Vol. 49(4), pp. 1463-1495.

    • The Effects of a Financial Transaction Tax in an Artificial Financial Market Fricke D., Lux T.

      2015 | Journal of Economic Interaction and Coordination, Vol. 10(1), pp. 119-150.

    • Network Analysis of the e-MID Overnight Money Market: The Informational Value of Different Aggregation Levels for Intrinsic Dynamic Processes Finger K., Fricke D., Lux T.

      2013 | Computational Management Science, Vol. 10(2-3), pp. 187-211.

  • Refereed Publications

    • Teenage Childbearing and the Welfare State Di Nola A., Jan M., Kocharkov G., Wang H.

      2025 | Macroeconomic Dynamics, Vol. 29.

    • A Note on Contraception, Social Norms and Growth Cavalcanti T., Kocharkov G., Santos C.

      2023 | Macroeconomic Dynamics, Vol. 27(3), pp. 869 - 878.

    • Unconventional fiscal policy at work Bachmann R., Born B., Goldfayn-Frank O., Kocharkov G., Lütticke R., Weber M.

      2023 | American Economic Review Papers and Proceedings, Vol. 113, pp. 61-64.

    • Low Homeownership in Germany – A Quantitative Exploration Kaas L., Kocharkov G., Preugschat E., Siassi N.

      2021 | Journal of the European Economic Association, Vol. 19(1), pp. 128-164.

    • The Aggregate Consequences of Tax Evasion Di Nola A., Kocharkov G., Scholl A., Tkhir A.-M.

      2021 | Review of Economic Dynamics, Vol. 40, pp. 198-227.

    • Family Planning and Development: Aggregate Effects of Contraceptive Use Cavalcanti T., Kocharkov G., Santos C.

      2021 | Economic Journal, Vol. 131(634), pp. 624-657.

    • Does Homeownership Promote Wealth Accumulation? Kaas, L., Kocharkov G., Preugschat E.

      2019 | Applied Economics Letters, Vol. 26(14), pp. 1186-1191.

    • Wealth Inequality and Homeownership in Europe Kaas, L., Kocharkov G., Preugschat E.

      2019 | Annals of Economics and Statistics, Vol. 136, pp. 27-54.

    • Envelope Wages, Hidden Production and Labor Productivity Di Nola A., Kocharkov G., Vasilev A.

      2019 | B.E. Journal of Macroeconomics, Vol. 19(2), pp. 1-30.

    • Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment and Married Female Labor-Force Participation Greenwood J., Guner N., Kocharkov G., Santos C.

      2016 | American Economic Journal: Macroeconomics, Vol. 8(1), pp. 1-41.

    • Marry Your Like: Assortative Mating and Income Inequality Greenwood J., Guner N., Kocharkov G., Santos C.

      2014 | American Economic Review: Papers & Proceedings, Vol. 104(5), pp. 348-353.

  • Refereed Publications

    • Financial Integration and Business Cycle Synchronization: Evidence from U.S. States Goetz M., Gozzi J.C.

      2022 | Journal of International Economics, Vol. 135, 103561.

    • Competition and Bank Stability Goetz M.

      2018 | Journal of Financial Intermediation, Vol. 35A, pp. 57-69.

    • Does the Geographic Expansion of Banks Reduce Risk? Goetz M., Laeven L., Levine R.

      2016 | Journal of Financial Economics, Vol. 120(2), pp. 346-362.

    • Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of U.S. Banks Goetz M., Laeven L., Levine R.

      2013 | Review of Financial Studies, Vol. 26(7), pp. 1787-1823.

  • Refereed Publications

    • Does greater transparency discipline the loan loss provisioning of privately held banks? Bischof J., Foos D., Riepe J.

      2023 | Journal European Accounting Review.

    • Euro area banks' interest rate risk exposure to level, slope and curvature swings in the yield curve Foos D., Lütkebohmert E., Markovych M., Pliszka K.

      2022 | European Financial Management, Vol. 28(4), pp. 883-925.

    • What are the real effects of financial market liquidity? Evidence on bank lending from the euro area Dombret A., Foos D., Pliszka K., Schulz A.

      2019 | Journal of International Financial Markets, Institutions & Money, Vol. 62, pp. 152-183.

    • Banks’ Equity Stakes and Lending: Evidence from a Tax Reform von Beschwitz B., Foos D.

      2018 | Journal of Banking and Finance, Vol. 96, pp. 322-343.

    • Cyclicality of SME lending and government involvement in banks Behr P., Foos D., Norden L.

      2017 | Journal of Banking and Finance, Vol. 77, pp. 64-77.

    • Loan growth and riskiness of banks Foos D., Norden L., Weber M.

      2010 | Journal of Banking & Finance, Vol. 34(12), pp. 2929-2940.

  • Working Papers and other Publications

    • Do Bank Insiders Impede Equity Issuances? Goetz M., Laeven L., Levine R.

      2020 | NBER Working Papers 27442.

    • Financing Conditions and Toxic Emissions Goetz M.

      2019 | SAFE Working Paper No. 254.

    • Local Peer Effects and Corporate Investment Bao Y., Goetz M.

      2019 | SAFE Working Paper Series 220.

    • Fines for Misconduct in the Banking Sector? What Is the Situation in the EU? Goetz M., Tröger T.

      2017 | In-Depth Analysis provided in advance of the public hearing of the Chair of the Single Supervisory Mechanism on 23 March 2017 for the European Parliament's Economic and Monetary Affairs Committee.

    • Fünf Jahre nach dem Liikanen-Bericht: Was haben wir gelernt? Goetz M., Tröger T., Krahnen J. P.

      2017 | Perspektiven der Wirtschaftspolitik, Vol. 18(3), pp. 205-225.

    • Modelling illiquidity spillovers wiShould the Marketing of subordinated debt be restricted/different in one way or the other? What to do in case of misselling?th Hawkes processes: an application to the sovereign bond market Goetz M., Tröger T.

      2016 | In-Depth Analysis provided in advance of the public hearing of the Chair of the Single Supervisory Mechanism on 22 March 2016 for the European Parliament's Economic and Monetary Affairs Committee.

    • Waren die ELA-Notkredite der EZB für griechische Banken eine Konkursverschleppung? Goetz M., Haselmann R., Krahnen J. P., Steffen S.

      2015 | SAFE Policy Letter No. 47.

    • Stellungnahme zum Entwurf eines Gesetzes zur Umsetzung der Richtlinie 2014/59/EU (BRRD-Umsetzungsgesetz) der Bundesregierung vom 22.09.2014 Goetz M.

      2014 | SAFE Policy Letter No. 3.

    • 13th regulatory conference: strengthening innovative capacity in Germany
      13th regulatory conference: strengthening innovative capacity in Germany ©Sophie Glombik
      © Sophie Glombik

      We are striving to make regulation clearer, more understandable and more efficient – while continuing to safeguard the stability of the banking system, said Bundesbank President Joachim Nagel at the Bundesbank’s 13th regulatory conference in Frankfurt. At the conference, representatives from banks and securities and insurance companies joined policymakers to discuss current opportunities and challenges for the financial industry and supervisors in Germany.

      13th regulatory conference: strengthening innovative capacity in Germany
    • German banks pass stress test
      Skyline von Frankfurt am Main ©Frank Rumpenhorst
      © Frank Rumpenhorst

      Given the uncertainties in the markets at present, it is gratifying that institutions are well equipped overall, said Bundesbank Executive Board member Michael Theurer, commenting on the outcome of the latest stress test. The stress testing exercise was run by the European Banking Authority (EBA) in cooperation with the European Central Bank (ECB). It indicated that the euro area’s banking sector remains capable of enduring even under tougher economic conditions.

      German banks pass stress test
    • Joachim Nagel: Target achieved, but challenges still remain
      Joachim Nagel at the IAW Lecture in Tübingen ©Sebastian Berger
      © Sebastian Berger

      Monetary policy must be reliable, but policymakers must not overly restrict its flexibility, Bundesbank President Joachim Nagel said at the 10th Bundesbank IAW Lecture in Tübingen. In his speech, Nagel addressed the ECB’s original monetary policy strategy, which has undergone significant reviews. 

      Joachim Nagel: Target achieved, but challenges still remain
  • Discussion Papers

    • Macroprudential capital regulation and fiscal balances in the euro area Discussion paper 06/2024: Nikolay Hristov, Oliver Hülsewig, Benedikt Kolb
      19.02.2024 06/2024 | 1 MB, PDF
    • Macroprudential policy and the sovereign-bank nexus in the euro area Discussion paper 32/2021: Nikolay Hristov, Oliver Hülsewig, Benedikt Kolb
      24.09.2021 32/2021 | 1014 KB, PDF
    • Unconventional monetary policy shocks in the euro area and the sovereign-bank nexus Discussion paper 19/2020: Nikolay Hristov, Oliver Hülsewig, Johann Scharler
      02.04.2020 19/2020 | 791 KB, PDF
    • Uncertainty shocks and financial crisis indicators Discussion paper 36/2019: Nikolay Hristov, Markus Roth
      25.09.2019 36/2019 | 2 MB, PDF
    • Capital flows in the euro area and TARGET2 balances Discussion paper 24/2019: Nikolay Hristov, Oliver Hülsewig, Timo Wollmershäuser
      19.07.2019 24/2019 | 1 MB, PDF
  • Awards

    • FMA Best Paper Award 2018 (European Conference) in “Financial Institutions & Markets”

    Research Brief

    • Germany's interbank market during the 2007-08 crisis Research Brief | 8th edition – December 2016
      07.12.2016 Peter Bednarek, Valeriya Dinger, Natalja von Westernhagen
  • Discussion Papers

    • Dynamics of probabilities of default Discussion paper 32/2024: Peter Bednarek, Günter Franke
      09.08.2024 32/2024 | 1 MB, PDF
    • Effects of bank capital requirements on lending by banks and non-bank financial institutions Discussion paper 26/2023: Peter Bednarek, Olga Briukhova, Steven Ongena, Natalja von Westernhagen
      24.10.2023 26/2023 | 2 MB, PDF
    • Banks of a feather: The informational advantage of being alike Discussion paper 09/2023: Peter Bednarek, Valeriya Dinger, Alison Schultz, Natalja von Westernhagen
      27.03.2023 09/2023 | 1 MB, PDF
    • Exchange rate depreciations and local business cycles: The role of bank loan supply Discussion paper 52/2021: Thorsten Beck, Peter Bednarek, Daniel te Kaat, Natalja von Westernhagen
      27.12.2021 52/2021 | 536 KB, PDF
    • Central bank funding and credit risk-taking Discussion paper 36/2020: Peter Bednarek, Valeriya Dinger, Daniel Marcel te Kaat, Natalja von Westernhagen
      16.07.2020 36/2020 | 436 KB, PDF
    • Capital flows, real estate, and local cycles: evidence from German cities, banks, and firms Discussion paper 45/2019: Peter Bednarek, Daniel Marcel te Kaat, Chang Ma, Alessandro Rebucci
      27.12.2019 45/2019 | 1 MB, PDF
    • Fundamentals matter: idiosyncratic shocks and interbank relations Discussion paper 44/2015: Peter Bednarek, Valeriya Dinger, Natalja von Westernhagen
      15.01.2016 44/2015 | 586 KB, PDF
  • Refereed Publications

    • The value of data privacy during the COVID-19 pandemic: a new set of survey questions Anand K., Helmschrott S., Schmidt T., Zhou S.

      2022 | Measurement Instruments for the Social Sciences, Vol. 4, 10 (2022).

    • Closing the Loop in a Circular Economy: Saving Resources or Suffocating Innovations? Smulders S., Zhou S.

      2021 | European Economic Review, Vol. 139, 103857.

    • Naming and Shaming for Conservation: Evidence from the Brazilian Amazon Cisneros E., Zhou S., Börner J.

      2015 | PLoS ONE.

  • Refereed Publications

    • Gender Norms and the Gender Gap in Higher Education Huber S.J., Paule-Paludkiewicz H.

      2024 | Labour Economics, Vol. 87, 102491.

    • Time Preferences over the Life Cycle and Household Saving Puzzles Kureishi W., Paule-Paludkiewicz H., Tsujiyama H., Wakabayashi M.

      2021 | Journal of Monetary Economics (incl. Issues on the Carnegie-Rochester Conference Series on Public Policy), Vol. 124, pp. 123-139.

    • Cultural Determinants of Household Saving Behavior Fuchs-Schündeln N., Masella P., Paule-Paludkiewicz H.

      2020 | Journal of Money, Credit and Banking, Vol. 52(5), pp. 1035-1070.

    • Long-term Changes in Married Couples’ Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s Bick A., Brüggemann B., Fuchs-Schündeln N., Paule-Paludkiewicz H.

      2019 | Journal of International Economics, Vol. 118(May), pp. 44-62.

  • Working Papers and Publications

    • Anonymity, Secondary Demand, and the Velocity of Cryptocurrency Zhou S.

      2020 |

    • Closing the Loop in a Circular Economy: Saving Resources or Suffocating Innovations? Zhou S., Smulders S.

      2020 |

    • Believe It or Not: How Directed Technical Change and a Bit of Optimism Lead the Economy Towards Green Growth Smulders S., Zhou S.

      2020 |

  • Other Publications

    • Deutscher Interbankenmarkt ist sehr effizient Bednarek P., te Kaat D.

      2023 | Börsen-Zeitung Nr. 151, p. 7.

    • Exchange Rate Devaluations and Local Business Cycles: The Role of Bank Loan Supply Beck T., Bednarek P., te Kaat D., von Westernhagen N.

      2022 | VoxEU column.

  • Other Working Papers and Publications

    • Managers as Knowledge Carriers – Explaining Firms' Internationalization Success with Manager Mobility Meinen P., Parrotta P., Sala D., Yalcin E.

      2018 | CESifo Working Paper No. 7126, June 2018.

    • International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence Meinen P., Raff H.

      2018 | CESifo Working Paper No. 7099, 2018.

    • Business investment in EU countries Banbura M., Bursian D., Meinen P.

      2018 | ECB Occasional Paper No. 215, October 2018.

    • Firm Heterogeneity and Aggregate Business Services Exports: Micro Evidence from Belgium, France, Germany and Spain Ariu A., Biewen E., Blank S., Gaullier G., González M., Meinen P., Mirza D., Martín C., Tello P.

      2017 | ECB Working Paper No. 2097.

    • Assessing the Financial and Financing Conditions of Firms in Europe: the Financial Module in CompNet Ferrando A., Altomonte C., Blank S., Iudice M., Felt M.H., Meinen P., Neugebauer K., Siedschlag I.

      2015 | ECB Working Paper Series No 1836.

    • Micro-based Evidence of EU Competitiveness: the CompNet Database Lopez-Garcia P., di Mauro F. and the CompNet Task Force

      2014 | ECB Working Paper Series No 1634.

    • Goods Follow Bytes: The Impact of ICT on EU Trade Mattes A., Meinen P., Pavel F.

      2012 | DIW Discussion Paper 1182, 2012.

  • Other Working Papers and Publications

    • Effects of Bank Capital Requirement Tightenings on Inequality Eickmeier S., Kolb B., Prieto Fernandez E.

      2023 | CEPR. No. 18433.

    • The Macroeconomic Effects of Bank Capital Regulation Eickmeier S., Kolb B., Prieto Fernandez E.

      2023 | CEPR. No. 18404.

    • Effects of Bank Capital Requirement Tightenings on Inequality Eickmeier S., Kolb B., Prieto E.

      2018 | CAMA Working Paper 43/2018.

    • The Macroeconomic Effects of Bank Capital Requirement Changes: Evidence from a Narrative Approach Eickmeier S., Kolb B., Prieto E.

      2018 | CAMA Working Paper 42/2018.

    • Early Warning System for Economic and Financial Risks in Kazakhstan Bhattacharyay B., Dlugosch D., Kolb B., Lahiri K., Mukhametov I., Nerb G.

      2009 | CESifo Working Papers no 2832.

  • Refereed Publications

    • Managers as Knowledge Carriers – Explaining Firms' Internationalization Success with Manager Mobility Meinen P., Parrotta P., Sala D., Yalcin E.

      2022 | Journal of International Economics, Vol. 138, 103633.

    • Markups and Financial Shocks Meinen P., Soares A.C.

      2022 | Economic Journal, Vol. 132(647), pp. 2471-2499.

    • The Impact of US Tariffs against China on US Imports: Evidence for Trade Diversion? Cigna S., Meinen P., Schulte P., Steinhoff N.

      2022 | Economic Inquiry (formerly: Western Economic Journal), Vol. 60(1), pp. 162-173.

    • Firm Heterogeneity and Aggregate Business Services Exports: Micro Evidence from Belgium, France, Germany and Spain Ariu A., Biewen E., Blank S., Gaulier G., González M., Meinen P., Mirza D., Martín C., Tello P.

      2019 | The World Economy, Vol. 42(2), pp. 564–589.

    • To sign or not to sign? On the response of prices to financial and uncertainty shocks Meinen P., Röhe O.

      2018 | Economics Letters, Vol. 171, pp. 189-192.

    • International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence Meinen P., Raff H.

      2018 | Journal of International Economics, Vol. 115, pp. 99-114.

    • On Measuring Aggregate Uncertainty and its Impact on Investment: Cross-country Evidence from the Euro Area Meinen P., Röhe O.

      2017 | European Economic Review, Vol. 92, pp. 161-179.

    • Markup responses to Chinese imports Meinen P.

      2016 | Economics Letters, Vol. 141, pp. 122-124.

    • Sunk Costs of Exporting and the Role of Experience in International Trade Meinen P.

      2015 | Canadian Journal of Economics, Vol. 48(1), pp.335-367.

    • Export Spillovers: Opening the Black Box Choquette E., Meinen P.

      2015 | The World Economy, Vol. 38(12), pp. 1912-1946.

    • Elasticity of Substitution and Anti-Dumping Decisions Hansen J. D., Meinen P., Nielsen J. U. M.

      2014 | Review of World Economics, Vol. 150(4), pp. 787-816.

  • Refereed Publications

    • Consumption Taxation to Finance Pension Payments Ruppert K., Schön M., Stähler N.

      2024 | Economic Modelling, Vol. 130, 106570.

    • Import tariffs and transport prices Boddin D., Stähler F.

      2024 | Canadian Journal of Economics, Vol. 57(2), pp. 430-458.

    • Gauging the Effects of the German COVID-19 Fiscal Stimulus Package Hinterlang N., Moyen S., Röhe O., Stähler N.

      2023 | European Economic Review, Vol. 154(May), 104407.

    • Carbon Pricing, Border Adjustment and Climate Clubs: Options for International Cooperation Ernst A., Hinterlang N., Mahle A., Stähler N.

      2023 | Journal of International Economics, Vol. 144, pp. 103772.

    • What Drives the German Current Account? Household Savings, Capital Investments and Public Policies Ruppert K., Stähler N.

      2022 | Economic Modelling, Vol. 108, 105769.

    • Re-Allocating Taxing Rights and Minimum Tax Rates in International Profit Taxation Kempkes G., Stähler N.

      2022 | Journal of Government and Economics, Vol. 7(Autumn), 100048.

    • Using Energy and Emission Taxation to Finance Labor Tax Reductions in a Multi-Sector Economy Hinterlang N., Martin A., Röhe O., Stähler N., Strobel J.

      2022 | Energy Economics, Vol. 115, 106381.

    • Labor Tax Reductions in Europe: The Role of Property Taxation Bielecki M., Stähler N.

      2022 | Macroeconomic Dynamics, Vol. 26(2), pp. 419-451.

    • The Impact of Aging and Automation on the Macroeconomy and Inequality Stähler N.

      2021 | Journal of Macroeconomics, Vol. 67, 103278.

    • When Old Meets Young? Germany's Population Ageing and the Current Account Schön M., Stähler N.

      2020 | Economic Modelling, Vol. 89, pp. 315-336.

    • Parity Funding of Health Care Contributions in Germany: A DSGE Perspective Enders A., Groll D., Stähler N.

      2020 | GERMAN Economic Review, Vol. 21(2), pp. 217-233.

    • Budget-Neutral Labour Tax Wedge Reductions: A Simulation-Based Analysis for the Euro Area Stähler N., Attinasi M., Prammer D., Tasso M., van Parys S.

      2019 | International Journal of Central Banking, Vol. 15(4), pp. 1-54.

    • Who Benefits From Using Property Taxes To Finance A Labor Tax Wedge Reduction? Stähler N.

      2019 | Journal of Housing Economics, Vol. 46

    • Optimal Unemployment Insurance and International Risk Sharing Moyen S., Stähler N., Winkler F.

      2019 | European Economic Review, Vol. 115, pp. 144-171.

    • Thoughts on a Fiscal Union in EMU Gadatsch N., Hollmayr J., Stähler N.

      2019 | GERMAN Economic Review, Vol. 20(4), pp. 360-384.

    • Macroeconomic Effects of Increased Wage Flexibility in EMU Bursian D., Stähler N.

      2019 | Journal of Economic Policy Reform, Vol. 22(1), pp. 69-83.

    • Structural and cyclical effects of tax progression Kremer J., Stähler N.

      2016 | FinanzArchiv, Vol. 72(1), pp. 41-73.

    • A one-off wealth levy? Assessing the pros, the cons and the importance of credibility Kempkes G., Stähler N.

      2016 | Fiscal Studies, Vol. 37(3-4), pp. 821-849.

    • Fiscal policy during the crisis: A look on Germany and the Euro area with GEAR Gadatsch N., Hauzenberger K., Stähler N.

      2016 | Economic Modelling, Vol. 52, pp. 997-1016.

    • German Labor Market and Fiscal Reforms 1999 to 2008: Can They Be Blamed for Intra-Euro Area Imbalances? Gadatsch N., Stähler N., Weigert B.

      2016 | Journal of Macroeconomics, Vol. 50(December), pp. 307-324.

    • Unemployment Insurance and the Business Cycle: Should Entitlement Duration React to the Cycle? Moyen S., Stähler N.

      2014 | Macroeconomic Dynamics, Vol. 18(3), pp. 497-525.

    • Recent developments in quantitative models of sovereign default Stähler N.

      2013 | Journal of Economic Surveys, Vol. 27(4), pp. 605-633.

    • Reforming the labor market and improving competitiveness: An analysis for Spain using FiMod Schwarzmüller T., Stähler N.

      2013 | Empirica: Journal of European Economics, Vol. 4(4), pp. 437-471.

    • The debt brake: business cycle and welfare consequences of Germany's new fiscal policy rule Mayer E., Stähler N.

      2013 | Empirica: Journal of European Economics, Vol. 40(1), pp. 39-74.

    • FiMod – A DSGE model for fiscal policy simulations Stähler N., Thomas C.

      2012 | Economic Modelling, Vol. 29(2), pp. 239-261.

    • On the effects of fair trade on the welfare of the poor. Baumann F., Oschinski M., Stähler N.

      2012 | Journal of International Development, 24(S1), pp. S159-S172.

    • Long Dark Shadows or Innovative Spirits? The Effects of (Smoothing) Business Cycles on Economic Growth: A Survey of the Literature Priesmeier C., Stähler N.

      2011 | Journal of Economic Surveys, Vol. 25(5), pp. 898-912.

    • Employment protection and temporary work agencies Baumann F., Mechtel M., Stähler N.

      2011 | Labour, Vol. 25(3), pp. 308-329.

    • Taxing deficits to restrain government spending and foster capital accumulation Stähler N.

      2009 | Journal of Public Economic Theory, Vol. 11(1), pp. 159-176.

    • Firing costs, severance payments, judicial mistakes and unemployment Stähler N.

      2008 | Labour Economics, Vol. 15(6), pp. 1162-1178.

    • Unemployment and employment protection in a unionized economy with search frictions Stähler N.

      2008 | Labour, Vol. 22(2), pp. 271-289.

    • Union power as a reason for Europe not to introduce experience rating Baumann F., Stähler N.

      2008 | Journal of Institutional and Theoretical Economics, Vol. 164(3), pp. 568-585.

    • Employment protection: Its effects on different skill groups and on the incentive to become skilled Stähler N.

      2006 | Jahrbücher für Nationalökonomie und Statistik, Vol. 226(1), pp. 41-54.

    • Financing unemployment benefits: Dismissal versus employment taxes Baumann F., Stähler N.

      2006 | Labour, Vol. 20(3), pp. 433-451.

  • Other Working Papers and Publications

    • Book Review: Graham Elliott and Allan Timmermann, Economic Forecasting Knüppel M.

      2017 | Book Review, Jahrbücher für Nationalökonomie und Statistik.

    • Unternehmensgrößenklassen im ifo-Konjunkturtest: eine Burns-Mitchell-Analyse Lucke B., Knüppel M.

      2007 | in: U. Heilemann and C. Weihs (eds.), Classification and Clustering in Business Cycle Analysis, Duncker & Humbolt, Berlin.

  • Other Working Papers and Publications

    • The Environmental Multi-Sector DSGE model EMuSe: A technical documentation Hinterlang N., Martin A., Röhe O., Stähler N., Strobel J.

      2023 | Deutsche Bundesbank, Technical Paper 03/2023.

    • A model-based analysis of the German current account surplus Bursian D., Goldbach S., Jochem A., Nagengast A., Schön M., Stähler N., Vetlov I.

      2020 | Deutsche Bundesbank, Technical Paper 03/2020.

    • Coordinated Structural Reforms: Insights from Fiscal and Labour Market Reforms in Germany Röhe O., Stähler N.

      2018 | Structural Reforms – Moving the Economy Forward.

    • Privacy, Big Data, and the Public Good: Frameworks for Engagement Lane J., Stodden V., Bender S., Nissenbaum H. (ed.)

      2014 | Cambridge University Press. (book review by Fred H. Cate: The Big Data Debate, in: Science 14 November 2014, 3468(6211), 818).

    • Employment protection and unemployment: A theoretical analysis evaluating recent policy proposals Stähler N.

      2007 | Peter Lang Verlag, Frankfurt (Dissertation).

  • Refereed Publications

    • Determinants of Net Transactions in TARGET2 of European Banks based on micro-data Drott C., Goldbach S., Jochem A.

      Open Economies Review, forthcoming.

    • Cryptocurrencies and Capital Flows: Evidence from El Salvador’s Adoption of Bitcoin Goldbach S., Nitsch V.

      2024 | Applied Economics Letters.

    • Retained Earnings, Foreign Portfolio Ownership, and the German Current Account: A Firm-Level Approach Goldbach S., Harms P., Jochem A., Nitsch V., Weichenrieder A.J.

      2024 | GERMAN Economic Review, Vol. 25(2), pp. 127-145.

    • Internationalisation as a boost for many firms: Evidence from Germany Frey R., Goldbach S.

      2024 | Journal Review of World Economics/Weltwirtschaftliches Archiv.

    • The Effects of Sanctions on Russian Banks in TARGET2 Transactions Data Drott C., Goldbach S., Nitsch V.

      2024 | Journal of Economic Behavior and Organization, Vol. 219, pp. 38-51.

    • Smart or Smash? The Effect of Financial Sanctions on Trade in Goods and Services Besedes T., Goldbach S., Nitsch V.

      2024 | Review of International Economics, Vol. 32(1), pp. 223-251.

    • Capital Controls Checkup: Cases, Customs, Consequences Goldbach S., Nitsch V.

      2023 | IMF Economic Review, Vol. 71(4), 885–906.

    • Freeze! Financial Sanctions and Bank Responses Efing M., Goldbach S., Nitsch V.

      2023 | Review of Financial Studies, Vol. 36(11), 4417–4459.

    • Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments Goldbach S., Nitsch V.

      2022 | Open Economies Review, Vol. 33(4), pp. 751-774.

    • The tax-efficient use of debt in multinational corporations Goldbach S., Moen J., Schindler D., Schjelderup G., Wamser G.

      2021 | Journal of Corporate Finance, Vol. 71, 102119.

    • Cheap Talk? Financial Sanctions and Non-Financial Firms Besedeš T., Goldbach S., Nitsch V.

      2021 | European Economic Review, Vol. 134, 103688.

    • The effect of investing abroad on investment at home: On the role of technology, tax savings, and internal capital markets Nagengast A., Goldbach S., Wamser G., Steinmüller E.

      2019 | Journal of International Economics, Vol. 116, pp. 58-73.

    • You’re banned! The effect of sanctions on German cross-border financial flows Besedeš T., Goldbach S., Nitsch V.

      2017 | Economic Policy (formerly: Economic Policy: A European Forum), Vol. 32(90), pp. 263-318.

    • Extra Credit: Bank Finance and Firm Export Status in Germany Goldbach S., Nitsch V.

      2014 | The World Economy, Vol. 37(7), pp. 883-891.

  • Refereed Publications

    • Shock amplification in an interconnected financial system of banks and investment funds Covi G., Deipenbrock M., del Vecchio L., Fiedor P., Fukker G., Gehrend M., Gourdel R., Grassi A., Schilte A., Sydow M., Tente N.

      2024 | Journal of Financial Stability, Vol. 71, 101234.

    • M-PRESS-CreditRisk: Microprudential and Macroprudential Capital Requirements for Credit Risk under Systemic Stress Tente N., von Westernhagen N., Slopek U.

      2019 | Journal of Money, Credit and Banking, Vol. 54(7), pp. 1923-1961.

    • European Banking Union D: Cross-Border Resolution – Dexia Group Metrick A., Tente N., Wiggins R.

      2019 | Journal of Financial Crises, Vol. 1(3), pp. 172-188.

    • European Banking Union C: Cross-Border Resolution – Fortis Group Metrick A., Tente N., Wiggins R.

      2019 | Journal of Financial Crises, Vol. 1(3), pp. 150-171.

    • Basel III D: Swiss Finish to Basel III McNamara C., Metrick A., Tente N.

      2019 | Journal of Financial Crises, Vol. 1(4), pp. 81-90.

    • Systemic Risk Contributions: A Credit Portfolio Approach Düllmann K., Puzanova N.

      2013 | Journal of Banking and Finance, Vol. 37(4), pp. 1243-1257.

    • Approximate Value-at-Risk Calculation for Heterogeneous Loan Portfolios: Possible Enhancements of Basel II Methodology Puzanova N., Siddiqui S., Trede M.

      2009 | Journal of Financial Stability, Vol. 5(4), pp. 374-392.

    • Default Dependence among Corporate Bond Issuers: Empirical Evidence from Time Series Data Siddiqui S., Puzanova N.

      2006 | Applied Economics Letters, Vol. 1(5), pp. 297-302.

    • Default Dependence among Corporate Bond Issuers: Empirical Evidence from Time Series Data Puzanova N., Siddiqui S.

      2005 | Applied Financial Economics Letters, Vol. 1(5), pp. 297-302.

  • Refereed Publications

    • What drives inflation? Disentangling demand and supply factors Eickmeier S., Hofmann B.

      International Journal of Central Banking, forthcoming.

    • Global financial stress and financial transmission channels Eickmeier S., Metiu N., Quast J., Tanneberger S.

      2023 | Chapter, Handbook of Financial Integration, forthcoming.

    • Financial shocks and inflation dynamics Abbate A., Eickmeier S., Prieto Fernandez E.

      2023 | Macroeconomic Dynamics, Vol. 27(2), pp. 350-378.

    • Banking deregulation, macroeconomic dynamics and monetary policy Buch C., Eickmeier S., Prieto Fernandez E.

      2022 | Journal of Financial Stability, Vol. 63, 101057.

    • China's role in global inflation dynamics Eickmeier S., Kühnlenz M.

      2018 | Macroeconomic Dynamics, Vol. 22(2), pp. 225-254.

    • The changing international transmission of financial shocks: evidence from a classical time-varying FAVAR Eickmeier S., Lemke W., Marcellino M., Abbate A.

      2016 | Journal of Money, Credit and Banking, Vol. 48(4), pp. 573-601.

    • Time variation in macro-financial linkages Eickmeier S., Marcellino M., Prieto Fernandez E.

      2016 | Journal of Applied Econometrics, Vol. 31(7), pp. 1215-1233.

    • The interest rate pass-through in the euro area during the sovereign debt crisis Borstel J., Eickmeier S., Krippner L.

      2016 | Journal of International Money and Finance, Vol. 68, pp. 386-402.

    • Classical time-varying FAVAR models – Estimation, forecasting and structural analysis Eickmeier S., Lemke W., Marcellino M.

      2015 | Journal of the Royal Statistical Society - Series A, Vol. 178(3), pp. 493-533.

    • How do US credit supply shocks propagate internationally? A GVAR approach Eickmeier S., Nq T.

      2015 | European Economic Review, Vol. 74, pp. 128-145.

    • Analyzing business cycle asymmetries in a multi-level factor model Breitung J., Eickmeier S.

      2015 | Economics Letters, Vol. 127, pp. 31-34.

    • Analyzing international business and financial cycles using multi-level factor models: A comparison of alternative approaches Breitung J., Eickmeier S.

      2015 | Advances in Econometrics, Vol. 35, pp. 177-214.

    • Understanding global liquidity Eickmeier S., Gambacorta L., Hofmann B.

      2014 | European Economic Review, Vol. 68, pp. 1-18.

    • Macroeconomic factors and micro-level bank behavior Buch C. M., Eickmeier S., Prieto E.

      2014 | Journal of Money, Credit and Banking, Vol. 46(4), pp. 715-751.

    • In search for yield? Survey-based evidence on bank risk taking Buch C. M., Eickmeier S., Prieto E.

      2014 | Journal of Economic Dynamics and Control, Vol. 43, pp. 12-30.

    • The global dimension of inflation – evidence from factor-augmented Phillips curves Eickmeier S., Pijnenburg K.

      2013 | Oxford Bulletin of Economics and Statistics, Vol. 75(1), pp. 103-122.

    • Monetary policy, housing booms, and financial (im)balances Eickmeier S., Hoffmann B.

      2013 | Macroeconomic Dynamics, Vol. 17(4), pp. 830-860.

    • Testing for structural breaks in dynamic factor models Breitung J., Eickmeier S.

      2011 | Journal of Econometrics Vol. 163(1), pp. 71-84.

    • Forecasting national activity using lots of international predictors: an application to New Zealand Eickmeier S., Nq T.

      2010 | International Journal of Forecasting, Vol. 27(29), pp. 496-511.

    • Analyse der Übertragung US-amerikanischer Schocks auf Deutschland auf Basis eines FAVAR (english title: A FAVAR-based analysis of the transmission of US shocks to Germany), Jahrbücher für Nationalökonomie und Statistik Eickmeier S.

      2010 | Journal of Economics and Statistics, Vol. 230(5), pp. 571-600.

    • Macroeconomic fluctuations and bank lending: evidence for Germany and the euro area Eickmeier S., Hofmann B., Worms A.

      2009 | German Economic Review, Vol. 10(2), pp. 193-223.

    • E Comovements and heterogeneity in the euro area analyzed in a non-stationary dynamic factor model Eickmeier S.

      2009 | Journal of Applied Econometrics, Vol. 24(6), pp. 933-959.

    • How successful are dynamic factor models at forecasting output and inflation? A meta-analytic approach Eickmeier S., Ziegler C.

      2008 | Journal of Forecasting, Vol. 27(3), pp. 237-265.

    • Business cycle transmission from the US to Germany – a structural factor approach Eickmeier S.

      2007 | European Economic Review, Vol. 51(3), pp. 521-551.

    • How synchronized are new EU member states with the euro area? Evidence from a structural factor model Eickmeier S., Breitung J.

      2006 | Journal of Comparative Economics, Vol. 34, pp. 538-563.

    • Dynamic factor models Breitung J., Eickmeier S.

      2006 | Journal of the German Statistical Society, Vol. 90, pp. 27-42.

  • Other Working Papers and Publications

    • Fund Flow Externalities Under the Microscope Fricke D., Jank S., Wilke H.

      2023 | SUERF Policy Brief, No 514.

    • Fund Cross-Holdings and Financial Stability Fricke D., Wilke H.

      2021 | SUERF Policy Brief, No 112.

    • Finanztransaktionssteuer Fricke D.

      Wirtschaftsdienst, Vol. 9(91), pp. 580-581.

  • Other Working Papers and Publications

    • Banks' Equity Stakes and Lending: Evidence from a Tax Reform von Beschwitz B., Foos D.

      2016 | International Finance Discussion Papers 1183, Board of Governors of the Federal Reserve System.

  • Refereed Publications

    • Time-varying return correlation, news shocks, and business cycles Metiu N., Prieto Fernandes E.

      2025 | European Economic Review, Vol. 172, 104916.

    • Bank Lending and Firms' Internal Capital Markets following a Deglobalization Shock Imbierowicz B., Nagengast A., Prieto E., Vogel U.

      2025 | Journal of International Economics, Vol. 174, 104119.

    • The Global Financial Cycle and Macroeconomic Tail Risks Beutel J., Emter L., Metiu N., Prieto Fernandez E., Schüler Y.

      2025 | Journal of International Money and Finance, Vol. 156, 103342.

    • Financial shocks and inflation dynamics Abbate A., Eickmeier S., Prieto Fernandez E.

      2023 | Macroeconomic Dynamics, Vol. 27(2), pp. 350-378.

    • Banking deregulation, macroeconomic dynamics and monetary policy Buch C., Eickmeier S., Prieto Fernandez E.

      2022 | Journal of Financial Stability, Vol. 63, 101057.

    • Time variation in macro-financial linkages Eickmeier S., Marcellino M., Prieto Fernandez E.

      2016 | Journal of Applied Econometrics, Vol. 31(7), pp. 1215-1233.

    • Bank Risk and Competition: Evidence from Regional Banking Markets Kick T., Prieto E.

      2015 | Review of Finance, Vol. 19(3), pp. 1185-1222.

    • Do Better Capitalized Banks Lend Less? Long-Run Panel Evidence from Germany Buch C. M., Prieto E.

      2014 | International Finance, Vol. 17(1), pp. 1-23.

    • Macroeconomic factors and micro-level bank behavior Buch C. M., Eickmeier S., Prieto E.

      2014 | Journal of Money, Credit and Banking, Vol. 46(4), pp. 715-751.

    • In search for yield? Survey-based evidence on bank risk taking Buch C. M., Eickmeier S., Prieto E.

      2014 | Journal of Economic Dynamics and Control, Vol. 43, pp. 12-30.

  • Refereed Publications

    • Connectedness between G10 Currencies: Searching for the Causal Structure Bettendorf T., Heinlein R.

      2023 | International Journal of Finance and Economics, Vol. 28(4), pp. 3938-3959.

    • TARGET balances in the euro area: The case of Germany Bettendorf T., Jochem A.

      2023 | Applied Economics, Vol. 55(29), pp. 3317-3328.

    • Time-variation in the Effects of Push and Pull Factors on Portfolio Flows: Evidence from a Bayesian Dynamic Factor Model Bettendorf T., Karadimitropoulou A.

      Journal of Economic Dynamics and Control, Vol. 156, 104756.

    • Revisiting Real Exchange Rate Volatility: Non-Traded Goods and Cointegrated TFP Shocks Dogan A., Bettendorf T.

      2020 | Oxford Economic Papers New Series, Vol. 72(1), pp. 80-100.

    • German wage moderation and European imbalances: Feeding the global VAR with theory Bettendorf T., León-Ledesma M.

      2019 | Journal of Money, Credit and Banking, Vol. 51(2-3), pp. 617-653.

    • Spillover effects of credit default risk in the Euro Area and the effects on the Euro: A GVAR approach Bettendorf T.

      2019 | International Journal of Finance and Economics, Vol. 24(1), pp. 296-312.

    • Chow-Lin X N: How adding a panel dimension can improve accuracy Bettendorf T., Bursian D.

      2017 | Economics Letters, Vol. 157, pp. 5-9

    • Investigating Global Imbalances: Empirical Evidence from a GVAR Approach Bettendorf T.

      2017 | Economic Modelling, Vol. 64, pp. 201-210.

    • Idiosyncratic and international transmission of shocks in the G7: does EMU matter? Bettendorf T.

      2017 | Review of International Economics, Vol. 25(4), pp. 856-890.

    • Are there bubbles in the Sterling-dollar exchange rate? New evidence from sequential ADF tests Bettendorf T., Chen W.

      2013 | Economics Letters, Elsevier, Vol. 120(2), pp. 350-353.

  • Refereed Publications

    • Gauging the Effects of the German COVID-19 Fiscal Stimulus Package Hinterlang N., Moyen S., Röhe O., Stähler N.

      2023 | European Economic Review, Vol. 154(May), 104407.

    • Rebalancing the Euro Area: Is Wage Adjustment in Germany the Answer? Hoffmann M., Kliem M., Krause M., Moyen S., Sauer R.

      2021 | Journal of International Money and Finance, Vol. 119, 102497.

    • Optimal Unemployment Insurance and International Risk Sharing Moyen S., Stähler N., Winkler F.

      2019 | European Economic Review, Vol. 115, pp. 144-171.

    • Public debt and changing inflation targets Krause M., Moyen S.

      2016 | American Economic Journal: Macroeconomics, Vol. 8(4), pp. 142-176.

    • Capital Regulation in a Macroeconomic Model with Three Layers of Default Clerc L., Derviz A., Mendicino C., Moyen S., Nikolov K., Stracca L., Suarez J., Vardoulakis A.

      2015 | International Journal of Central Banking, Vol. 11(3), pp. 9-64.

    • Unemployment Insurance and the Business Cycle: Should Entitlement Duration React to the Cycle? Moyen S., Stähler N.

      2014 | Macroeconomic Dynamics, Vol. 18(3), pp. 497-525.

    • Monetary policy and inflationary shocks under imperfect credibility Darracq Paries M., Moyen S.

      2012 | Economics Letters, Vol. 116(3), 571–574.

    • Le modèle d'équilibre général de la » Nouvelle Synthèse « : quelles hypothèses retenir? Moyen S., Sahuc J.-G.

      2008 | Economie et Prévision, Vol. 183-184, pp. 15-34.

    • Incorporating labour market frictions into an optimising based monetary policy model Moyen S., Sahuc J.-G.

      2005 | Economic Modelling, Vol. 22(1), pp. 159-186.

  • Refereed Publications

    • Interest rate shocks, competition and bank liquidity creation Kick T.

      2022 | Financial Markets and Portfolio Management (formerly: Finanzmarkt und Portfolio Management), Vol. 36, pp. 409-441.

    • Loan supply and bank capital: A micro-macro linkage Kick T., Malinkovich S., Merkl C.

      2020 | Journal of International Money and Finance, Vol. 104, 102166.

    • Cross-border transmission of emergency liquidity Kick T., Koetter M., Storz M.

      2020 | Journal of Banking and Finance, Vol. 113, 105300.

    • The Real Effects of Bank Distress: Evidence from Bank Bailouts in Germany Bersch J., Degryse H., Kick T., Stein I.

      2020 | Journal of Corporate Finance, Vol. 60, 101521.

    • Do all new brooms sweep clean? Evidence for outside bank appointments Kick T., Nehring I., Schertler A.

      2017 | Journal of Banking and Finance, Vol. 84, pp. 135-151.

    • Bank Recapitalization, Regulatory Intervention and Repayment Kick T., Koetter M., Poghosyan T.

      2016 | Journal for Money, Credit and Banking, Vol. 48(7), pp. 1467-1494.

    • Bank liquidity creation and risk taking during distress Berger A.N., Bouwman C.H.S., Kick T., Schaeck K.

      2016 | Journal of Financial Intermediation, Vol. 2(2010,05), pp. 1-51.

    • Bank risk taking and liquidity creation following regulatory interventions and capital support Berger A., Bouwman C., Kick T., Schaeck K.

      2016 | Journal of Financial Intermediation, Vol. 26, pp. 115-141.

    • Bank Risk and Competition: Evidence from Regional Banking Markets Kick T., Prieto E.

      2015 | Review of Finance, Vol. 19(3), pp. 1185-1222.

    • Income Structure and Bank Business Models: Evidence on Performance and Stability from the German Banking Industry Busch R., Kick T.

      2015 | Schmalenbach Business Review, Vol. 67, pp. 226-253.

    • Earnings baths by CEOs during turnovers: Empirical evidence from German savings banks Bornemann S., Kick T., Pfingsten A., Schertler A.

      2015 | Journal of Banking and Finance, Vol. 53, pp. 188-201.

    • Early Warning Indicators for the German Banking System: A Macroprudential Analysis Jahn N., Kick T.

      2014 | Credit and Capital Markets, Vol. 47(1), pp. 5-47.

    • Stress testing German banks against a global credit crunch Düllmann K., Kick T.

      2014 | Financial Markets and Portfolio Management, Vol. 28, pp. 337-361.

    • Visible Reserves in Banks – Determinants of Initial Creation, Usage, and Contribution to Bank Stability Bornemann S., Homölle S., Hubensack C., Kick T., Pfingsten A.

      2014 | Journal of Business Finance and Accounting, Vol. 41(5) & (6), pp. 507-544.

    • Executive board composition and bank risk taking Berger A., Kick T., Schaeck K.

      2014 | Journal of Corporate Finance, Vol. 28, pp. 48-65.

    • Does it pay to have friends? Social ties and executive appointments in banking Berger A., Kick T., Koetter M., Schaeck K.

      2013 | Journal of Banking and Finance, Vol. 37, pp. 2087-2105.

    • Are banks using hidden reserves to beat earnings benchmarks? Bornemann S., Kick T., Memmel C., Pfingsten A.

      2012 | Journal of Banking and Finance, Vol. 36(8), pp. 2403-2415.

    • Monetary policy and financial (in)stability: An integrated micro-macro approach De Graeve F., Kick T., Koetter M.

      2008 | Journal of Financial Stability, Vol.4(3), pp. 205-231.

    • Slippery Slopes of Stress: Ordered Failure Events in German Banking. Kick T., Koetter M.

      2007 | Journal of Financial Stability, Vol. 3(2), pp. 132-148.

  • The climate data iceberg – a depth of information to integrate Doll H. C., Kormanyos E., Walter S., Alves Werb G.

    Keine deutsche Übersetzung verfügbar

  • Leveraging Large Language Models to Extract Data Citations Seltmann S., Kormanyos E., Doll H. C.

    Keine deutsche Übersetzung verfügbar

  • Time-variation in the Effects of Push and Pull Factors on Portfolio Flows: Evidence from a Bayesian Dynamic Factor Model Bettendorf T., Karadimitropoulou A.

    Keine deutsche Übersetzung verfügbar

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