Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
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Quantitative easing, portfolio rebalancing and credit growth: micro evidence from Germany Discussion paper 20/2018: Johannes Tischer
1 MB, PDF
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Pre-emptive sovereign debt restructuring and holdout litigation Discussion paper 21/2018: Kartik Anand, Prasanna Gai
498 KB, PDF
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International trade and retail market performance and structure: theory and empirical evidence Discussion paper 19/2018: Philipp Meinen, Horst Raff
665 KB, PDF
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Time-varying capital requirements and disclosure rules: effects on capitalization and lending decisions Discussion paper 18/2018: Björn Imbierowicz, Jonas Kragh, Jesper Rangvid
639 KB, PDF
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Offshoring and the polarisation of the demand for capital Discussion paper 17/2018: Dirk Bursian, Arne J. Nagengast
791 KB, PDF
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The international transmission of monetary policy Discussion paper 16/2018: Claudia M. Buch, Matthieu Bussiere, Linda Goldberg, Robert Hills
718 KB, PDF
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Safe but fragile: information acquisition, sponsor support and shadow bank runs Discussion paper 15/2018: Philipp J. König, David Pothier
704 KB, PDF
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The time-varying impact of systematic risk factors on corporate bond spreads Discussion paper 14/2018: Arne C. Klein, Kamil Pliszka
596 KB, PDF
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International monetary policy spillovers through the bank funding channel Discussion paper 13/2018: Peter Lindner, Axel Loeffler, Esther Segalla, Guzel Valitova, Ursula Vogel
640 KB, PDF
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Uncertainty about QE effects when an interest rate peg is anticipated Discussion paper 12/2018: Rafael Gerke, Sebastian Giesen, Daniel Kienzler
2 MB, PDF
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Fiscal regimes and the (non)stationarity of debt Discussion paper 11/2018: Josef Hollmayr
860 KB, PDF
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A note on the predictive power of survey data in nowcasting euro area GDP Discussion paper 10/2018: Jeong-Ryeol Kurz-Kim
396 KB, PDF
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Cheap talk? Financial sanctions and non-financial activity Discussion paper 09/2018: Tibor Besedeš, Stefan Goldbach, Volker Nitsch
428 KB, PDF
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A comprehensive view on risk reporting: evidence from supervisory data Discussion paper 08/2018: Puriya Abbassi, Michael Schmidt
1022 KB, PDF
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How far can we forecast? Statistical tests of the predictive content Discussion paper 07/2018: Jörg Breitung, Malte Knüppel
760 KB, PDF
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Banks’ equity stakes and lending: evidence from a tax reform Discussion paper 06/2018: Bastian von Beschwitz, Daniel Foos
789 KB, PDF
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Global liquidity and exchange market pressure in emerging market economies Discussion paper 05/2018: Oliver Hossfeld, Marcus Pramor
575 KB, PDF
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Financial cycles in euro area economies: a cross-country perspective Discussion paper 04/2018: Davor Kunovac, Martin Mandler, Michael Scharnagl
663 KB, PDF
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On the cyclical properties of Hamilton‘s regression filter Discussion paper 03/2018: Yves S. Schüler
1 MB, PDF
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Mixed frequency models with MA components Discussion paper 02/2018: Claudia Foroni, Massimiliano Marcellino, Dalibor Stevanović
1 MB, PDF
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An analysis of non-traditional activities at German savings banks – Does the type of fee and commission income matter? Discussion paper 01/2018: Matthias Köhler
912 KB, PDF
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Appropriate monetary policy and forecast disagreement at the FOMC Discussion paper 39/2017: Guido Schultefrankenfeld
585 KB, PDF
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Changes in education, wage inequality and working hours over time Discussion paper 38/2017: Thomas Davoine, Jochen Mankart
535 KB, PDF
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A stress test framework for the German residential mortgage market – methodology and application Discussion paper 37/2017: Thomas Siemsen, Johannes Vilsmeier
1 MB, PDF
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Liquidity provision as a monetary policy tool: the ECB’s non-standard measures after the financial crisis Discussion paper 36/2017: Dominic Quint, Oreste Tristani
769 KB, PDF
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Why do banks bear interest rate risk? Discussion paper 35/2017: Christoph Memmel
691 KB, PDF
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A severity function approach to scenario selection Discussion paper 34/2017: Frieder Mokinski
693 KB, PDF
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Moral suasion in regional government bond markets Discussion paper 33/2017: Jana Ohls
518 KB, PDF
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Vulnerable asset management? The case of mutual funds Discussion paper 32/2017: Christoph Fricke, Daniel Fricke
849 KB, PDF
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Bargaining power and outside options in the interbank lending market Discussion paper 31/2017: Puriya Abbassi, Falk Bräuning, Niels Schulze
2 MB, PDF
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(Un)expected monetary policy shocks and term premia Discussion paper 30/2017: Martin Kliem, Alexander Meyer-Gohde
869 KB, PDF
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Disagreement and monetary policy Discussion paper 29/2017: Elisabeth Falck, Mathias Hoffmann, Patrick Hürtgen
2 MB, PDF
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Should unconventional monetary policies become conventional? Discussion paper 28/2017: Dominic Quint, Pau Rabanal
1 MB, PDF
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Do all new brooms sweep clean? Evidence for outside bank appointments Discussion paper 27/2017: Thomas Kick, Inge Nehring, Andrea Schertler
738 KB, PDF
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An integrated shortfall measure for Basel III Discussion paper 26/2017: Ingo Torchiani, Thomas Heidorn, Christian Schmaltz
528 KB, PDF
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Euro area banks' interest rate risk exposure to level, slope and curvature swings in the yield curve Discussion paper 24/2017: Daniel Foos, Eva Lütkebohmert, Mariia Markovych, Kamil Pliszka
1 MB, PDF
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The financial market effects of the ECB’s asset purchase programs Discussion paper 23/2017: Vivien Lewis, Markus Roth
1 MB, PDF
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The optimal conduct of central bank asset purchases Discussion paper 22/2017: Matthieu Darracq Pariès, Michael Kühl
717 KB, PDF
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Interest-rate pegs, central bank asset purchases and the reversal puzzle Discussion paper 21/2017: Rafael Gerke, Sebastian Giesen, Daniel Kienzler, Jörn Tenhofen
1 MB, PDF
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The Fisher paradox: A primer Discussion paper 20/2017: Rafael Gerke, Klemens Hauzenberger
369 KB, PDF
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Banks’ trading after the Lehman crisis - The role of unconventional monetary policy Discussion paper 19/2017: Natalia Podlich, Isabel Schnabel, Johannes Tischer
392 KB, PDF
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Google data in bridge equation models for German GDP Discussion paper 18/2017: Thomas B. Götz, Thomas A. Knetsch
3 MB, PDF
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Financial crises and the dynamic linkages between stock and bond returns Discussion paper 17/2017: Sercan Eraslan, Faek Menla Ali
2 MB, PDF
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CDS and credit: Testing the small bang theory of the financial universe with micro data Discussion paper 16/2017: Yalin Gündüz, Steven Ongena, Günseli Tümer-Alkan, Yuejuan Yu
1 MB, PDF
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M-PRESS-CreditRisk: A holistic micro- and macroprudential approach to capital requirements Discussion paper 15/2017: Natalia Tente, Natalja von Westernhagen, Ulf Slopek
1 MB, PDF
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The effect of investing abroad on investment at home: On the role of technology, tax savings, and internal capital markets Discussion paper 14/2017: Stefan Goldbach, Arne J. Nagengast, Elias Steinmüller, Georg Wamser
2 MB, PDF
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Asymmetric arbitrage trading on offshore and onshore renminbi markets Discussion paper 13/2017: Sercan Eraslan
636 KB, PDF
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Chow-Lin x N: how adding a panel dimension can improve accuracy Discussion paper 12/2017: Timo Bettendorf, Dirk Bursian
373 KB, PDF
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Growth expectations, undue optimism, and short-run fluctuations Discussion paper 11/2017: Zeno Enders, Michael Kleemann, Gernot J. Müller
776 KB, PDF