Publications

• The economics of supranational bank supervision, with Thorsten Beck and Wolf Wagner, Journal of Financial and Quantitative Analysis (forthcoming). 

             *VoxEU
             * Wall Street Journal

• Holding company affiliation and bank stability: Evidence from the US banking sector, ​with Radoslav Raykov, Journal of Corporate Finance (2020).
• Systemic risk and competition revisited, Journal of Banking and Finance (2019). 

• Active risk management and banking stability, Journal of Banking and Finance (2016). 

• Financial innovation and bank behavior:  Evidence from credit markets, with Lars Norden, and Wolf Wagner, Journal of Economic Dynamics and Control (2014).

Working papers and work in progress

• Asymmetric systemic risk, with Radoslav Raykov.[pdf]
• Incomplete supervisory cooperation, with Thorsten Beck and Wolf Wagner.[pdf]

           *VoxEU

• Expected bail-in costs, with Balint Horvath.[pdf] 

           A previous version circulated under  the title: "Are bail-ins credible? Determinants and real effects"

• ​ The real effects of supranational bank supervision, with Thorsten Beck and Wolf Wagner​​.
• ​The two faces of interbank correlation, with Klaus Schaeck and Wolf Wagner.
• An academic's guide to market definition in two-sided markets, with Lapo Filistrucchi.