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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. 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. [...] > More |
Government bank bailouts in Europe
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
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)
resubmitted to the Review of Financial Studies, 2020
Co-authored with V. Acharya, L. Borchert and M. Jager
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)
COVID-19: Banks, firms and the consequences of a pandemic
- "Bank capital and the European recovery from the COVID-19 crisis" (with M. Schularick and T. Troeger). *** NEW ***
- Coronomics XXX - Firmen, Liquiditaet und Banken - Interview in Podcast (in German) von Christian Bayer (Uni Bonn) und Ruediger Bachmann (Notre Dame)
- "The risk of being a fallen angel and the corporate dash for cash in the midst of COVID" (with Viral Acharya), forthcoming in COVID Economics
prepared for the Review of Corporate Finance Studies
Download PDF Coverage FT Alphaville - "Stress Test" for Banks as Liquidity Providers in a time of COVID (with Viral Acharya), published on voxeu.org
Download PDF Coverage Financial Times
- Press Briefing: COVID-19 – Could this be the trigger for a new financial crisis? (March 2020) - A Protective Shield for Europe' Banks (with M. Schularick)
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Upcoming talks & conferences
New working papersCapital 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 |