Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
Subscribe to the newsletter for discussion papers
-
The joint dynamics of sovereign ratings and government bond yields Discussion paper 13/2016: Makram El-Shagi, Gregor von Schweinitz
583 KB, PDF
-
You’re banned! The effect of sanctions on German cross-border financial flows Discussion paper 12/2016: Tibor Besedeš, Stefan Goldbach, Volker Nitsch
428 KB, PDF
-
Traditional banks, shadow banks and the US credit boom – credit origination versus financing Discussion paper 11/2016: Robert Unger
2 MB, PDF
-
The rise of the added worker effect Discussion paper 10/2016: Jochen Mankart, Rigas Oikonomou
429 KB, PDF
-
Credit risk interconnectedness: what does the market really know? Discussion paper 09/2016: Puriya Abbassi, Christian Brownlees, Christina Hans, Natalia Podlich
924 KB, PDF
-
Cyclical investment behavior across financial institutions Discussion paper 08/2016: Yannick Timmer
611 KB, PDF
-
A data-driven selection of an appropriate seasonal adjustment approach Discussion paper 07/2016: Karsten Webel
1 MB, PDF
-
Does banknote quality affect counterfeit detection? Experimental evidence from Germany and the Netherlands Discussion paper 06/2016: Frank van der Horst, Martina Eschelbach, Susann Sieber, Jelle Miedema
1 MB, PDF
-
How do regional labor markets adjust to immigration? A dynamic analysis for post-war Germany Discussion paper 05/2016: Sebastian Till Braun, Henning Weber
971 KB, PDF
-
-
Heterogeneity in euro-area monetary policy transmission: results from a large multi-country BVAR model Discussion paper 03/2016: Martin Mandler, Michael Scharnagl, Ute Volz
484 KB, PDF
-
-
The effect of peer observation on consumption choices: experimental evidence Discussion paper 01/2016: Sahra Sakha, Antonia Grohmann
465 KB, PDF
-
Monetary policy and the asset risk-taking channel Discussion paper 48/2015: Angela Abbate, Dominik Thaler
1 MB, PDF
-
The great collapse in value added trade Discussion paper 47/2015: Arne J. Nagengast, Robert Stehrer
778 KB, PDF
-
Credit risk stress testing and copulas – is the Gaussian copula better than its reputation? Discussion paper 46/2015: Philipp Koziol, Carmen Schell, Meik Eckhardt
922 KB, PDF
-
Testing for Granger causality in large mixed-frequency VARs Discussion paper 45/2015: Thomas B. Götz, Alain Hecq, Stephan Smeekes
869 KB, PDF
-
Fundamentals matter: idiosyncratic shocks and interbank relations Discussion paper 44/2015: Peter Bednarek, Valeriya Dinger, Natalja von Westernhagen
586 KB, PDF
-
The influence of an up-front experiment on respondents’ recording behaviour in payment diaries: evidence from Germany Discussion paper 43/2015: Susann Sieber, Tobias Schmidt
464 KB, PDF
-
Monetary-fiscal policy interaction and fiscal inflation: a tale of three countries Discussion paper 42/2015: Martin Kliem, Alexander Kriwoluzky, Samad Sarferaz
866 KB, PDF
-
Do speculative traders anticipate or follow USD/EUR exchange rate movements? New evidence on the efficiency of the EUR currency futures market Discussion paper 41/2015: Oliver Hossfeld, Andreas Röthig
688 KB, PDF
-
Arbitraging the Basel securitization framework: evidence from German ABS investment Discussion paper 40/2015: Matthias Efing
4 MB, PDF
-
Cyclicality of SME lending and government involvement in banks Discussion paper 39/2015: Patrick Behr, Daniel Foos, Lars Norden
942 KB, PDF
-
The credit quality channel: modeling contagion in the interbank market Discussion paper 38/2015: Kilian Fink, Ulrich Krüger, Barbara Meller, Lui-Hsian Wong
3 MB, PDF
-
Bracket creep revisited – with and without r>g: evidence from Germany Discussion paper 37/2015: Junyi Zhu
3 MB, PDF
-
Asymmetric credit growth and current account imbalances in the euro area Discussion paper 36/2015: Robert Unger
875 KB, PDF
-
Identifying income and wealth-poor households in the euro area Discussion paper 35/2015: Philip Müller, Tobias Schmidt
498 KB, PDF
-
On the exposure of insurance companies to sovereign risk - portfolio investments and market forces Discussion paper 34/2015: Robert Düll, Felix König, Jana Ohls
517 KB, PDF
-
The organization of knowledge in multinational firms Discussion paper 33/2015: Anna Gumpert
765 KB, PDF
-
The winner's curse – evidence on the danger of aggressive credit growth in banking Discussion paper 32/2015: Thomas Kick, Thilo Pausch, Benedikt Ruprecht
660 KB, PDF
-
Out of sight, out of mind? On the risk of sub-custodian structures Discussion paper 31/2015: Thomas Droll, Natalia Podlich, Michael Wedow
421 KB, PDF
-
A macroeconomic reverse stress test Discussion paper 30/2015: Peter Grundke, Kamil Pliszka
649 KB, PDF
-
German labor market and fiscal reforms 1999 to 2008: can they be blamed for intra-euro area imbalances? Discussion paper 29/2015: Niklas Gadatsch, Nikolai Stähler, Benjamin Weigert
612 KB, PDF
-
Personal bankruptcy law, debt portfolios, and entrepreneurship Discussion paper 28/2015: Jochen Mankart, Giacomo Rodano
682 KB, PDF
-
Distributional consequences of asset price inflation in the euro area Discussion paper 27/2015: Klaus Adam, Panagiota Tzamourani
443 KB, PDF
-
Household search and the aggregate labor market Discussion paper 26/2015: Jochen Mankart, Rigas Oikonomou
1004 KB, PDF
-
Cutting the credit line: evidence from Germany Discussion paper 25/2015: Stefan Goldbach, Volker Nitsch
342 KB, PDF
-
The intraday interest rate – what’s that? Discussion paper 24/2015: Puriya Abbassi, Falko Fecht, Johannes Tischer
2 MB, PDF
-
Many a little makes a mickle: macro portfolio stress test for small and medium-sized German banks Discussion paper 23/2015: Ramona Busch, Philipp Koziol, Marc Mitrovic
1 MB, PDF
-
Characterizing the financial cycle: evidence from a frequency domain analysis Discussion paper 22/2015: Till Strohsal, Christian R. Proaño, Jürgen Wolters
521 KB, PDF
-
Cross-border banking and business cycles in asymmetric currency unions Discussion paper 21/2015: Lena Dräger, Christian R. Proaño
550 KB, PDF
-
The synchronization of European credit cycles Discussion paper 20/2015: Barbara Meller, Norbert Metiu
2 MB, PDF
-
Calculating trading book capital: is risk separation appropriate? Discussion paper 19/2015: Peter Raupach
1 MB, PDF
-
Multinational banks’ deleveraging in the crisis driven by pre-crisis characteristics and behavior Discussion paper 18/2015: Rainer Frey
698 KB, PDF
-
International financial market integration, asset compositions, and the falling exchange rate pass-through Discussion paper 17/2015: Almira Buzaushina, Zeno Enders, Mathias Hoffmann
615 KB, PDF
-
Banks’ net interest margin and the level of interest rates Discussion paper 16/2015: Ramona Busch, Christoph Memmel
443 KB, PDF
-
German wage moderation and European imbalances: feeding the global VAR with theory Discussion paper 15/2015: Timo Bettendorf, Miguel A. León-Ledesma
1 MB, PDF
-
Tales of transition paths: policy uncertainty and random walks Discussion paper 14/2015: Josef Hollmayr, Christian Matthes
611 KB, PDF
-
Market discipline across bank governance models – empirical evidence from German depositors Discussion paper 13/2015: Eva A. Arnold, Ingrid Größl, Philipp Koziol
665 KB, PDF
-
Lethal lapses – how a positive interest rate shock might stress German life insurers Discussion paper 12/2015: Mark Feodoria, Till Förstemann
700 KB, PDF