Prof. Dr. Isabel Schnabel - Research


 

For recent commentaries on recent policy topics, please also see voxeu.org.

For publications of the German Council of Economic Experts, please see sachverstaedigenrat-wirtschaft.de.

Working papers:

“Asset Price Bubbles and Systemic Risk,” with Markus Brunnermeier and Simon Rother.

“Banks’ Trading after the Lehman Crisis – The Role of Unconventional Monetary Policy,” with Natalia Podlich and Johannes Tischer.

“Should banking supervision and monetary policy be separated?”, with Felix Rutkowski.

“Expecting Bail-in? Evidence from European Banks,” with Alexander Schäfer and Beatrice Weder di Mauro, CEPR Discussion Paper No. 11061 (updated version from 15 May 2017).

“Financial Integration and Economic Growth in Europe,” with Christian Seckinger, GSME/IPP Discussion Paper No. 1502, Johannes Gutenberg University Mainz; CEPR Discussion Paper No. 10805.

“Separating Trading and Banking: Consequences for Financial Stability,” with Hendrik Hakenes.

“Bubbles and Central Banks: Historical Perspectives,” with Markus Brunnermeier, GSME/IPP Discussion Paper No. 1411, Johannes Gutenberg University Mainz; CEPR Discussion Paper No. 10528.

“Regulatory Capture by Sophistication,” with Hendrik Hakenes, CEPR Discussion Paper No. 10100.

“Abolishing Public Guarantees in the Absence of Market Discipline,” with Tobias Körner, Ruhr Economic Papers No. 437.

Selected publications:

 “Financial Sector Reform After the Crisis: Has Anything Happened?”, with Alexander Schäfer and Beatrice Weder di Mauro, Review of Finance, 2016, 20(1), 77-125.

“The New Actors of Macroprudential Supervision in Germany and Europe – A Critical Evaluation,” with Elke Gurlit, Journal of Banking Law and Banking (zbb), 2015, 6, 349-362.

“Bank Bonuses and Bail-outs,“ with Hendrik Hakenes, Journal of Money, Credit, and Banking, 2014, 46(1), 259-288.

“Why Banks Are Not Too Big To Fail - Evidence from the CDS Market,” with Andreas Barth, Economic Policy, 2013, 28(74), 335-369.

“Financial Integration and Growth – Why Is Emerging Europe Different?”, with Christian Friedrich and Jeromin Zettelmeyer, Journal of International Economics, 2013, 89, 522-538.

“Capital Regulation, Bank Competition, and Financial Stability,” with Hendrik Hakenes, Economics Letters, 2011, 113, 256-258.

“Public Ownership of Banks and Economic Growth: The Impact of Country Heterogeneity,” with Tobias Körner, Economics of Transition, 2011, 19(3), 407-441.

“Competition, Risk-Shifting, and Public Bail-out Policies,” with Reint Gropp and Hendrik Hakenes, Review of Financial Studies, 2011, 24(6), 2084-2120.

“Bank Size and Risk-Taking under Basel II,” with Hendrik Hakenes, Journal of Banking and Finance, 2011, 35, 1436-1449.

“Credit Risk Transfer and Bank Competition,” with Hendrik Hakenes, Journal of Financial Intermediation, 2010, 19(3), 308-332.

“The Threat of Capital Drain: A Rationale for Regional Public Banks?”, with Hendrik Hakenes, Journal of Institutional and Theoretical Economics, 2010, 166(4), 662-689.

“Banks without Parachutes – Competitive Effects of Government Bail-out Policies,” with Hendrik Hakenes, Journal of Financial Stability, 6, 2010, 156-168.

“The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931,” Journal of International Money and Finance, 28, 2009, 1-25.

“How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?,” with Giovanni dell'Ariccia and Jeromin Zettelmeyer, Journal of Money, Credit, and Banking, 38(7), October 2006, 1689-1714.

“Liquidity and Contagion: The Crisis of 1763,” with Hyun Song Shin, Journal of the European Economic Association, 2(6), December 2004, 929-968.

“The German Twin Crisis of 1931,” Journal of Economic History, 64(3), September 2004, 822-871.

“Reply to Thomas Ferguson and Peter Temin's Comment on ‘The German Twin Crisis of 1931’,” Journal of Economic History, 64(3), September 2004, 877-878.