Research
We are delighted to present our collection of research publications. Here you can find studies and papers that have been compiled within the Centre of European Transformation.
List of Publications
  • Acharya, V., Engle, R., Jager, M., Steffen, S., 2024. Why Did Bank Stocks Crash during COVID-19?, Review of Financial Studies. (forthcoming)
  • Imbierowicz, B., Saunders, A., Steffen, S., 2024. Are risky banks disciplined by large corporate depositors?, Journal of Money, Credit and Banking. (forthcoming)
  • Kirschenmann, K., Korte, J., Steffen, S., 2024. The Zero Risk Fallacy – Banks’ Sovereign Exposure and Sovereign Risk Spillovers, Journal of Financial Stability. (forthcoming)
  • Saunders, A., Spina, A., Steffen, S., Streitz, D., 2024. Corporate loan spreads and economic activity, Review of Financial Studies. (forthcoming)
List of Working Papers
  • Acharya, V., Chauhan, R., Rajan, R. and Steffen, S., 2024. Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
  • Martini, F., Sautner, Z., Steffen, S. and Theunisz, C., 2024. Climate Transition Risks of Banks.
  • Fahlenbrach, R., Rotermund, S.-D. and  Steffen, S., 2024. Navigating New Norms: The Response of LBO Financing to Post-Crisis Regulation and Market Shifts.
  • Born, B., Dalal, H., Lamersdorf, N., Steffen, S., 2024. Inflation Expectations in the Social Media Age
  • Schmidt, C., Schneider, Y., Schuster, J., Steffen, S. and  Streitz, D., 2023. Does Zombie Lending Impair Innovation?
  • Fabisik, K., Schaefer, L., and Steffen, S., 2023. Do Debt Investors Care About ESG Ratings?
  • Baron, M., Schularick, M., Zimmermann, K., 2023. Survival of the Biggest: Large Banks and Crises since 1870. (revise and resubmit)
  • Born,B., Dalal,H., Lamersdorf,N.,Steffen,S.,2023. Monetary Policy in the Age of Social Media: A Twitter-Based Inflation Analysis
  • Georg,C., Pierret,D., Steffen,S.,2023. Similar Investors.
  • Kwon, S., Ma, Y., Zimmermann, K., 2023. 100 Years of Rising Corporate Concentration, American Economic Review. (revise and resubmit)
  • Martini,F., Sautner,Z., Steffen,S., Theunisz,C.,2023. Climate Transition Risks of Banks.
List of Policy Papers

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