Details about Mathias Hoffmann

Access statistics for papers by Mathias Hoffmann.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pho64

Working Papers

2025

1. Dollar funding and housing markets: the role of non-US global banks
   ECON - Working Papers, Department of Economics - University of Zurich

2023

2. Growing like Germany: local public debt, local banks, low private investment
   ECON - Working Papers, Department of Economics - University of Zurich View citations (7)
   Also in VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association (2021) View citations (6)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (7)
   Bank of Finland Research Discussion Papers, Bank of Finland (2022)
   Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2021) View citations (7)
   CESifo Working Paper Series, CESifo (2021) View citations (6)

2021

3. 'By a Silken Thread': regional banking integration and credit reallocation during Japan’s Lost Decade
   ECON - Working Papers, Department of Economics - University of Zurich View citations (5)
   See also Journal Article ‘By a silken thread’: Regional banking integration and credit reallocation during Japan's lost decade, Journal of International Economics, Elsevier (2022) View citations (1) (2022)
4. Comparative advantage and pathways to financial development: evidence from Japan’s silk-reeling industry
   IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (1)
   Also in ECON - Working Papers, Department of Economics - University of Zurich (2021)
5. Small firms and domestic bank dependence in Europe’s Great Recession
   ECON - Working Papers, Department of Economics - University of Zurich
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (2)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2019) View citations (2)
   European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2015) View citations (9)
   See also Journal Article Small firms and domestic bank dependence in Europe's great recession, Journal of International Economics, Elsevier (2022) View citations (4) (2022)
6. Softening the Blow: U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock
   CESifo Working Paper Series, CESifo
   Also in ECON - Working Papers, Department of Economics - University of Zurich (2021)
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021)

2020

7. Non-US global banks and dollar (co-)dependence: how housing markets became internationally synchronized
   BIS Working Papers, Bank for International Settlements
   Also in ECON - Working Papers, Department of Economics - University of Zurich (2020)
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2020)

2019

8. Branch Banking and Regional Financial Markets: Evidence from Prewar Japan
   CIGS Working Paper Series, The Canon Institute for Global Studies
   Also in Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University (2019)
   CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo (2019)

2018

9. Are Banking and Capital Markets Union Complements? Evidence from Channels of Risk Sharing in the Eurozone
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
   Also in ECON - Working Papers, Department of Economics - University of Zurich (2018) View citations (10)

2017

10. Welcome to the Real Estate Derivatives Summit
    ERES, European Real Estate Society (ERES)

2016

11. A Provincial View of Global Imbalances: Regional Capital Flows in China
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    Also in ECON - Working Papers, Department of Economics - University of Zurich (2014) View citations (3)
    See also Journal Article A provincial view of global imbalances: regional capital flows in China, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2017) View citations (3) (2017)
12. Holes in the Dike: The Global Savings Glut, U.S. House Prices and the Long Shadow of Banking Deregulation
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (1)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (11)
    HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University (2015) View citations (1)
    ECON - Working Papers, Department of Economics - University of Zurich (2014) View citations (4)
    VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy, Verein für Socialpolitik / German Economic Association (2015) View citations (4)
    See also Journal Article Holes in the Dike: The Global Savings Glut, U.S. House Prices, and the Long Shadow of Banking Deregulation, Journal of the European Economic Association, European Economic Association (2020) View citations (7) (2020)

2014

13. By a Silken Thread: regional banking integration and pathways to financial development in Japan s Great Recession
    VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy, Verein für Socialpolitik / German Economic Association
    Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2012) View citations (1)
    Keio/Kyoto Joint Global COE Discussion Paper Series, Keio/Kyoto Joint Global COE Program (2012) View citations (1)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (2)
    CESifo Working Paper Series, CESifo (2013) View citations (2)

2013

14. Systematic Consumption Risk in Currency Returns
    CESifo Working Paper Series, CESifo View citations (2)
    Also in ECON - Working Papers, Department of Economics - University of Zurich (2013) View citations (2)
    See also Journal Article Systematic consumption risk in currency returns, Journal of International Money and Finance, Elsevier (2017) View citations (6) (2017)

2011

15. Emerging from the war: Gold Standard mentality, current accounts and the international business cycle 1885-1939
    ECON - Working Papers, Department of Economics - University of Zurich View citations (4)
16. The Cross-Section of Country News, Decoupling Expectations, and Global Business Cycles
    Working Papers, Hong Kong Institute for Monetary Research

2010

17. What Drives China's Current Account?
    Working Papers, Hong Kong Institute for Monetary Research
    See also Journal Article What drives China's current account?, Journal of International Money and Finance, Elsevier (2013) View citations (14) (2013)

2009

18. Consumption Risk Sharing over the Business Cycle: the Role of Small Firms' Access to Credit Markets
    CESifo Working Paper Series, CESifo View citations (1)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2008) View citations (15)
    See also Journal Article Consumption Risk Sharing over the Business Cycle: The Role of Small Firms' Access to Credit Markets, The Review of Economics and Statistics, MIT Press (2011) View citations (29) (2011)
19. Real exchange rates and real interest rate differentials: a present value interpretation
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (32)
    See also Journal Article Real exchange rates and real interest rate differentials: A present value interpretation, European Economic Review, Elsevier (2009) View citations (33) (2009)
20. Securitization of Mortgage Debt, Asset Prices and International Risk Sharing
    CESifo Working Paper Series, CESifo View citations (4)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2008) View citations (8)

2008

21. Equity Fund Ownership and the Cross-Regional Diversification of Household Risk
    Stirling Economics Discussion Papers, University of Stirling, Division of Economics
    Also in CESifo Working Paper Series, CESifo (2008)
    See also Journal Article Equity fund ownership and the cross-regional diversification of household risk, Journal of Banking & Finance, Elsevier (2010) View citations (5) (2010)
22. The Impact of the Euro on International Stability and Volatility
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (6)

2007

23. Analyzing Strongly Periodic Series in the Frequency Domain: A Comparison of Alternative Approaches with Applications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
24. Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
25. Financial Globalization, International Business Cycles, and Consumption Risk Sharing
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (6)
    See also Journal Article Financial Globalization, International Business Cycles and Consumption Risk Sharing*, Scandinavian Journal of Economics, Wiley Blackwell (2008) View citations (43) (2008)
26. Harmonic Regression Models: A Comparative Review with Applications
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (2)
27. The Consumption - Real Exchange Rate Anomaly: an Asset Pricing Perspective
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich
28. The Home Bias and Capital Income Flows between Countries and Regions
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (24)
    Technical Reports, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen (2006) View citations (23)

2006

29. A Re-examination of the link between Real Exchange Rates and Real Interest Rate Differentials
    Working Papers, Business School - Economics, University of Glasgow View citations (4)
    Also in CESifo Working Paper Series, CESifo (2003) View citations (8)
30. Balanced Growth and Empirical Proxies of the Consumption-Wealth Ratio
    Technical Reports, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen View citations (3)
31. Proprietary Income, Entrepreneurial Risk, and the Predictability of U.S. Stock Returns
    Technical Reports, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen View citations (3)
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005)
    CESifo Working Paper Series, CESifo (2006) View citations (7)

2005

32. Consumption, Wealth and Business Cycles in Germany
    CESifo Working Paper Series, CESifo View citations (57)
    See also Journal Article Consumption, wealth and business cycles in Germany, Empirical Economics, Springer (2008) View citations (36) (2008)
33. Consumption, wealth and business cycles: why is Germany different?
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (49)

2004

34. The detection of hidden periodicities: A comparison of alternative methods
    Economics Working Papers, European University Institute

2003

35. Home Bias and the Structure of International and Regional Business Cycles
    Economics Working Papers, European University Institute View citations (1)
36. Intra-and International Risk-Sharing in the Short Run and the Long Run
    CESifo Working Paper Series, CESifo View citations (7)
    See also Journal Article Intra- and international risk-sharing in the short run and the long run, European Economic Review, Elsevier (2006) View citations (67) (2006)

2001

37. International Risk-Sharing in the Short Run and in the Long Run
    Economics Working Papers, European University Institute

2000

38. A real differential view of equilibrium real exchange rates and misalignments
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (7)

1999

39. Current Accounts and the Persistence of Global and Country-Specific Shocks: Is Investment really too Volatile?
    Economics Working Papers, European University Institute View citations (3)
40. National Stochastic Trends and International Macroeconomic Fluctuations: the Role of the Current Account
    Economics Working Papers, European University Institute View citations (1)

Journal Articles

2022

1. Small firms and domestic bank dependence in Europe's great recession
   Journal of International Economics, 2022, 137, (C) View citations (4)
   See also Working Paper Small firms and domestic bank dependence in Europe’s Great Recession, ECON - Working Papers (2021) (2021)
2. ‘By a silken thread’: Regional banking integration and credit reallocation during Japan's lost decade
   Journal of International Economics, 2022, 137, (C) View citations (1)
   See also Working Paper 'By a Silken Thread': regional banking integration and credit reallocation during Japan’s Lost Decade, ECON - Working Papers (2021) View citations (5) (2021)

2020

3. Holes in the Dike: The Global Savings Glut, U.S. House Prices, and the Long Shadow of Banking Deregulation
   Journal of the European Economic Association, 2020, 18, (4), 2013-2055 View citations (7)
   See also Working Paper Holes in the Dike: The Global Savings Glut, U.S. House Prices and the Long Shadow of Banking Deregulation, CAMA Working Papers (2016) View citations (1) (2016)

2019

4. Channels of Risk Sharing in the Eurozone: What Can Banking and Capital Market Union Achieve?
   IMF Economic Review, 2019, 67, (3), 443-495 View citations (14)

2017

5. A provincial view of global imbalances: regional capital flows in China
   Review of World Economics (Weltwirtschaftliches Archiv), 2017, 153, (3), 573-599 View citations (3)
   See also Working Paper A Provincial View of Global Imbalances: Regional Capital Flows in China, CAMA Working Papers (2016) (2016)
6. Systematic consumption risk in currency returns
   Journal of International Money and Finance, 2017, 74, (C), 187-208 View citations (6)
   See also Working Paper Systematic Consumption Risk in Currency Returns, CESifo Working Paper Series (2013) View citations (2) (2013)

2014

7. The Consumption–Income Ratio, Entrepreneurial Risk, and the U.S. Stock Market
   Journal of Money, Credit and Banking, 2014, 46, (6), 1259-1292 View citations (1)

2013

8. What drives China's current account?
   Journal of International Money and Finance, 2013, 32, (C), 856-883 View citations (14)
   See also Working Paper What Drives China's Current Account?, Working Papers (2010) (2010)

2012

9. SPECIAL SECTION ON ‘ASIA'S REGIONAL BUSINESS CYCLE: IS IT FOR REAL? – GUEST EDITOR'S PREFACE’
   Pacific Economic Review, 2012, 17, (1), 104-105
10. Securitization of mortgage debt, domestic lending, and international risk sharing
    Canadian Journal of Economics, 2012, 45, (2), 493-508 View citations (7)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (2), 493-508 (2012) View citations (4)

2011

11. Consumption Risk Sharing over the Business Cycle: The Role of Small Firms' Access to Credit Markets
    The Review of Economics and Statistics, 2011, 93, (4), 1403-1416 View citations (29)
    See also Working Paper Consumption Risk Sharing over the Business Cycle: the Role of Small Firms' Access to Credit Markets, CESifo Working Paper Series (2009) View citations (1) (2009)
12. The Home Bias, Capital Income Flows and Improved Long-Term Consumption Risk Sharing between Industrialized Countries
    International Finance, 2011, 14, (3), 481-505 View citations (13)

2010

13. Equity fund ownership and the cross-regional diversification of household risk
    Journal of Banking & Finance, 2010, 34, (1), 90-102 View citations (5)
    See also Working Paper Equity Fund Ownership and the Cross-Regional Diversification of Household Risk, Stirling Economics Discussion Papers (2008) (2008)
14. The Swiss Franc Exchange Rate and Deviations from Uncovered Interest Parity: Global vs Domestic Factors
    Swiss Journal of Economics and Statistics (SJES), 2010, 146, (I), 349-371 View citations (28)

2009

15. Real exchange rates and real interest rate differentials: A present value interpretation
    European Economic Review, 2009, 53, (8), 952-970 View citations (33)
    See also Working Paper Real exchange rates and real interest rate differentials: a present value interpretation, IEW - Working Papers (2009) View citations (32) (2009)

2008

16. Consumption, wealth and business cycles in Germany
    Empirical Economics, 2008, 34, (3), 451-476 View citations (36)
    See also Working Paper Consumption, Wealth and Business Cycles in Germany, CESifo Working Paper Series (2005) View citations (57) (2005)
17. Financial Globalization, International Business Cycles and Consumption Risk Sharing*
    Scandinavian Journal of Economics, 2008, 110, (3), 447-471 View citations (43)
    See also Working Paper Financial Globalization, International Business Cycles, and Consumption Risk Sharing, IEW - Working Papers (2007) View citations (12) (2007)
18. The Lack of International Consumption Risk Sharing: Can Inflation Differentials and Trading Costs Help Explain the Puzzle?
    Open Economies Review, 2008, 19, (2), 183-201 View citations (9)

2006

19. Intra- and international risk-sharing in the short run and the long run
    European Economic Review, 2006, 50, (3), 777-806 View citations (67)
    See also Working Paper Intra-and International Risk-Sharing in the Short Run and the Long Run, CESifo Working Paper Series (2003) View citations (7) (2003)

2004

20. International capital mobility in the long run and the short run: can we still learn from saving-investment data?
    Journal of International Money and Finance, 2004, 23, (1), 113-131 View citations (21)

2003

21. International macroeconomic fluctuations and the current account
    Canadian Journal of Economics, 2003, 36, (2), 401-420 View citations (24)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2003, 36, (2), 401-420 (2003) View citations (19)

2001

22. Long run recursive VAR models and QR decompositions
    Economics Letters, 2001, 73, (1), 15-20 View citations (12)
23. The Relative Dynamics of Investment and the Current Account in the G7-Economies
    Economic Journal, 2001, 111, (471), C148-63 View citations (18)