Sascha Steffen
Professor of Finance, Frankfurt School of Finance & Management

Research Interests:
Financial Intermediation, Banking, Corporate Debt Markets, Regulation of Financial Intermediaries
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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. Spillovers from interventions to the real economy are usually mediated through the banking sector and the question is when they benefit or hurt the economy.  [...]
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Government bank bailouts in Europe *** NEW DATA ***

Kicking the can down the road: government interventions in the European banking sector    *** revised version ***
resubmitted to the Review of Financial Studies, 2020
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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New working papers

Capital Misallocation and Innovation (NEW)
Co-authored with C. Schmidt, Y. Schneider and D. Streitz
[Paper on SSRN]

What's in the Spread? The Predictive Power of Loan versus Bond Spreads (Coming Soon)
Co-authored with A. Saunders, A. Spina and D. Streitz