Browsing LIF-SAFE Working Papers by Research Area "Financial Intermediation"
Now showing items 1-15 of 15
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Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges
(2020-07-08)This paper examines banks’ disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the ... -
An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data
(2021-01-22)Broad, long-term financial and economic datasets are a scarce resource, in particular in the European context. In this paper, we present an approach for an extensible, i.e. adaptable to future changes in technologies and ... -
Discount rates, debt maturity, and the fiscal theory
(2021-10-12)This paper examines how the transmission of government portfolio risk arising from maturity operations depends on the stance of monetary/fiscal policy. Accounting for risk premia in the fiscal theory allows the government ... -
Econometrics at Scale: Spark Up Big Data in Economics
(2020-02-06)This paper provides an overview of how to use “big data” for economic research. We investigate the performance and ease of use of di?erent Spark applications running on a distributed ?le system to enable the handling and ... -
EU Agencies in Banking and Energy Between Institutional and Policy Centralisation
(2020-05-28)This working paper suggests to analyse agencification as a double process of institutional and policy centralisation. To that end, it develops a categorisation of agencies that incorporates these two dimensions. More ... -
How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities
(2020-06-23)Using a novel experimental design, I test how the exposure to information about a group’s relative performance causally affects the members’ level of identification and thereby their propensity to harm affiliates of ... -
Incentives, self-selection, and coordination of motivated agents for the production of social goods
(2021-07-24)We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate ... -
Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies
(2021-04-20)We show that disclosing machine predictions to affected parties can trigger self-fulfilling prophecies. In an investment game, we experimentally vary investors’ and recipients’ access to a machine prediction about recipients’ ... -
Obfuscation and Rational Inattention in Digitalized Markets
(2021-02-05)This paper studies the behavior of competing firms in a duopoly with rational inattentive consumers. Firms play a sequential game in which they decide to obfuscate their individual prices before competing on price. ... -
Spillovers of Funding Dry-ups
(2020-08-29)We uncover a new channel for spillovers of funding dry-ups. The 2016 US money market fund (MMF) reform exogenously reduced unsecured MMF funding for some banks. We use novel data to trace those banks to a platform for ... -
Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital?
(2021-02-16)We study how higher capital requirements introduced at the supranational and implemented at the national level affect the regulatory capital of banks across countries. Using the 2011 EBA capital exercise as a quasi-natural ... -
The Case for a Normatively Charged Approach to Regulating Shadow Banking - Multipolar Regulatory Dialogues as a Means to Detect Tail Risks and Preclude Regulatory Arbitrage
(2020-02-11)This paper contributes to the debate on the adequate regulatory treatment of non-bank financial intermediation (NBFI). It proposes an avenue for regulators to keep regulatory arbitrage under control and preserve sufficient ... -
The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence
(2020-12-09)Using a novel theoretical framework and data from a comprehensive field study we conducted over a period of three years, we outline the causal effects of algorithmic discrimination on economic efficiency and social welfare ... -
The geography of banks in the United States (1990-2020)
(2021-09-20)We present new statistical indicators of the structure and performance of US banks from 1990 to today, geographically disaggregated at the level of individual counties. The constructed data set (20 indicators for some 3150 ... -
The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions
(2020-03-01)Using an original dataset on professional networks of directors sitting on the boards of large US corporations, we examine how personal relationships are used by firms to improve job match quality in the high-skill segment ...