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Sascha Steffen Professor of Finance, Frankfurt School of Finance & Management Research Interests: Financial Intermediation, Banking, Corporate Debt Markets, Regulation of Financial Intermediaries I am an empirical researcher in the area of banking and financial intermediation. In my recent work, I analyze the implications of central bank and regulatory interventions for firms’ financing and investment opportunities. [...] > More |
New Research Initiative: Research on AI & Monetary Policy
*Frankfurt School received a grant of €2.3 million from the German Federal Ministry for Economic Affairs and Energy. Being part of the Financial Big Data Cluster (FBDC) is a great opportunity to anchor AI in research on monetary policy, financial markets and sustainable finance at Frankfurt School. The AI-based Monetary Policy project will be implemented by the Financial Intermediaries and the Real Economy (FIRE) Center and is part of the Center's "AI in Finance Initiative" to develop tools and datasets together with partners to promote data-driven research and decision making in financial markets. Project Duration: 2021-2023
*** NEW paper ***
An overview article about machine learning in central banking and how it connects to the safeFBDC project:
Kinywamaghana, A., and S. Steffen, 2021. A Note on the Use of Machine Learning in Central Banking, FIRE Research Paper.
Become part of our team!! We are hiring
*** NEW paper ***
An overview article about machine learning in central banking and how it connects to the safeFBDC project:
Kinywamaghana, A., and S. Steffen, 2021. A Note on the Use of Machine Learning in Central Banking, FIRE Research Paper.
Become part of our team!! We are hiring
- Post-docs (50% / 100%): Post-doc in economics or finance, quant. skills (machine learning)
- Research Assistants: Master students with an interest in academic research in economics and finance
Government bank bailouts in Europe *** NEW DATA ***
Kicking the can down the road: government interventions in the European banking sector *** revised version ***
Review of Financial Studies, forthcoming
Co-authored with V. Acharya, L. Borchert and M. Jager
[NBER Working Paper No. 27537] [SSRN]
We manually collect all government interventions into eurozone banks during the 2007 to 2018 period. Overall, this dataset includes more than 80 variables related to the timing, depth and scope of these interventions. All banks are already matched to Bankscope (including the identifiers). We make the data available for all researcher. The data can be downloaded here: Government Bailout Data (xls)
Review of Financial Studies, forthcoming
Co-authored with V. Acharya, L. Borchert and M. Jager
[NBER Working Paper No. 27537] [SSRN]
We manually collect all government interventions into eurozone banks during the 2007 to 2018 period. Overall, this dataset includes more than 80 variables related to the timing, depth and scope of these interventions. All banks are already matched to Bankscope (including the identifiers). We make the data available for all researcher. The data can be downloaded here: Government Bailout Data (xls)
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Upcoming talks & conferences (selected)
New working papersWhy did bank stocks crash during COVID-19?
Co-authored with V. Acharya and R. Engle [Paper on SSRN] Are risky banks rationed by corporate depositors? Co-authored with B. Imbierowicz, and A. Saunders [Paper on SSRN] Corporate loan spreads and economic activity (NEW) Co-authored with A. Saunders, A. Spina and D. Streitz [Paper on SSRN] [Presentation (April 2021)] Trends in Corporate Borrowing Annual Review of Financial Economics, 2020, forthcoming Co-authored with T. Berg and A. Saunders [Paper SSRN] |