Details about Harald Hau

Access statistics for papers by Harald Hau.

Last updated 2022-11-20. Update your information in the RePEc Author Service.

Short-id: pha313

Working Papers

2022

1. Can Time-Varying Currency Risk Hedging Explain Exchange Rates?
   CESifo Working Paper Series, CESifo
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2022)
2. Do Institutional Directors Matter?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2021

3. Does Board Overlap Promote Coordination Between Firms?
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
4. FinTech Credit and Entrepreneurial Growth
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (4)
5. The Effect of Board Overlap on Firm Behavior
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2020

6. Global Portfolio Rebalancing and Exchange Rates
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018) View citations (13)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (14)

2019

7. Bank Bonus Pay as a Risk Sharing Contract
   CESifo Working Paper Series, CESifo View citations (2)
   Also in Working Papers, HAL (2018) View citations (2)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018) View citations (2)
   HEC Research Papers Series, HEC Paris (2018) View citations (2)
8. Consumption response to minimum wages: evidence from Chinese households
   Working Paper Series, European Central Bank
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2017) View citations (1)
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2017) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (1)
9. Discriminatory Pricing of Over-the-Counter Derivatives
   IMF Working Papers, International Monetary Fund View citations (10)
   Also in ESRB Working Paper Series, European Systemic Risk Board (2017) View citations (12)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (12)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2017) View citations (16)
10. Local Capital Scarcity and Small Firm Growth: Evidence from Real Estate Booms in China
    CESifo Working Paper Series, CESifo

2018

11. Are CoCo Bonds a Good Substitute for Equity? Evidence from European Banks
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (4)
12. Asset Allocation and Monetary Policy: Evidence from the Eurozone
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (1)
    Working Papers, Hong Kong Institute for Monetary Research (2013) View citations (1)
    CESifo Working Paper Series, CESifo (2014) View citations (1)
    See also Journal Article in Journal of Financial Economics (2016)
13. Capital Scarcity and Industrial Decline: Evidence from 172 Real Estate Booms in China
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (3)
14. Using Social Network Activity Data to Identify and Target Job Seekers
    Working Papers, HAL

2017

15. Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy
    CESifo Working Paper Series, CESifo
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2016) View citations (17)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2016) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (3)
    See also Journal Article in Review of Economic Studies (2020)

2016

16. Technological Progress and Ownership Structure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2015) View citations (1)

2014

17. Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
    Also in CESifo Working Paper Series, CESifo (2014) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (5)
    See also Journal Article in Journal of International Economics (2015)
    Chapter (2014)

2013

18. Structured Debt Ratings: Evidence on Conflicts of Interest
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2013) View citations (3)
    See also Journal Article in Journal of Financial Economics (2015)

2012

19. Bank Ratings: What Determines Their Quality?
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (23)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (23)
    Working Paper Series, European Central Bank (2012) View citations (23)
    Working Papers, Bangor Business School, Prifysgol Bangor University (Cymru / Wales) (2012) View citations (24)
    See also Journal Article in Economic Policy (2013)
20. Dealer Intermediation between Markets
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (4)
    See also Journal Article in Journal of the European Economic Association (2015)
21. Real Effects of Stock Underpricing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article in Journal of Financial Economics (2013)
22. The Exchange Rate Effect of Multi-Currency Risk Arbitrage
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (2)
    See also Journal Article in Journal of International Money and Finance (2014)
23. The Role of Equity Funds in the Financial Crisis Propagation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2011) View citations (3)
    See also Journal Article in Review of Finance (2017)

2009

24. Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany
    CESifo Working Paper Series, CESifo View citations (54)

2008

25. A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
26. Global Portfolio Rebalancing Under the Microscope
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (45)
27. Home Bias at the Fund Level
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (57)
    See also Journal Article in American Economic Review (2008)

2007

28. A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2005

29. Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article in Review of Financial Studies (2010)

2004

30. Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (154)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (145)
    See also Journal Article in American Economic Review (2004)
31. Exchange rates, equity returns and capital flows
    Econometric Society 2004 North American Winter Meetings, Econometric Society
32. Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)

2003

33. Exchange Rates, Equity Prices and Capital Flows
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (35)
    See also Journal Article in Review of Financial Studies (2006)

2002

34. The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article in Journal of the European Economic Association (2006)

2000

35. Real Exchange Rate Volatility and Economic Openness: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    See also Journal Article in Journal of Money, Credit and Banking (2002)
36. The Euro as an International Currency: Explaining Puzzling First Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)

1999

37. Information and Geography: Evidence from the German Stock Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)

Journal Articles

2020

1. Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy
   Review of Economic Studies, 2020, 87, (6), 2639-2671 View citations (14)
   See also Working Paper (2017)

2019

2. How FinTech Enters China's Credit Market
   AEA Papers and Proceedings, 2019, 109, 60-64 View citations (2)

2017

3. Local Asset Price Dynamics and Monetary Policy in the Eurozone
   ifo DICE Report, 2017, 15, (01), 14-16
4. The Role of Equity Funds in the Financial Crisis Propagation
   Review of Finance, 2017, 21, (1), 77-108 View citations (17)
   See also Working Paper (2012)

2016

5. Asset allocation and monetary policy: Evidence from the eurozone
   Journal of Financial Economics, 2016, 120, (2), 309-329 View citations (33)
   See also Working Paper (2018)

2015

6. DEALER INTERMEDIATION BETWEEN MARKETS
   Journal of the European Economic Association, 2015, 13, (5), 770-804 View citations (25)
   See also Working Paper (2012)
7. Die Dosis macht das Gift – eine Analyse zum Einfluss von Bonuszahlungen auf die Profitabilität und das Risiko von Banken
   ifo Schnelldienst, 2015, 68, (03), 23-31
8. Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks
   Journal of International Economics, 2015, 96, (S1), S123-S140 View citations (18)
   See also Chapter (2014)
   Working Paper (2014)
9. Structured debt ratings: Evidence on conflicts of interest
   Journal of Financial Economics, 2015, 116, (1), 46-60 View citations (29)
   See also Working Paper (2013)

2014

10. The exchange rate effect of multi-currency risk arbitrage
    Journal of International Money and Finance, 2014, 47, (C), 304-331 View citations (5)
    See also Working Paper (2012)

2013

11. Bank ratings: what determines their quality?
    (Bank risk during the financial crisis: do business models matter?)
    Economic Policy, 2013, 28, (74), 289-333 View citations (24)
    See also Working Paper (2012)
12. Europas Bankenunion oder der Triumph der Hoffnung über die Erfahrung
    Perspektiven der Wirtschaftspolitik, 2013, 14, (3-4), 186-197 View citations (1)
    Also in Perspektiven der Wirtschaftspolitik, 2013, 14, (3-4), 186-197 (2013) View citations (1)
13. Real effects of stock underpricing
    Journal of Financial Economics, 2013, 108, (2), 392-408 View citations (34)
    See also Working Paper (2012)

2011

14. Banken unter Druck: Gibt es Auswege aus der neuen Bankenkrise?
    ifo Schnelldienst, 2011, 64, (22), 03-18
15. Global versus Local Asset Pricing: A New Test of Market Integration
    Review of Financial Studies, 2011, 24, (12), 3891-3940 View citations (24)

2010

16. Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change
    Review of Financial Studies, 2010, 23, (4), 1681-1717 View citations (46)
    See also Working Paper (2005)
17. International order flows: Explaining equity and exchange rate returns
    Journal of International Money and Finance, 2010, 29, (2), 358-386 View citations (40)

2009

18. Subprime crisis and board (in-) competence: private versus public banks in Germany
    (Corporate governance and board of directors: Performance effects of changes in board composition)
    Economic Policy, 2009, 24, (60), 701-752 View citations (54)

2008

19. Home Bias at the Fund Level
    American Economic Review, 2008, 98, (2), 333-38 View citations (57)
    See also Working Paper (2008)
20. Wie (in-)kompetent sind die Aufsichtsräte deutscher Banken?
    ifo Schnelldienst, 2008, 61, (19), 27-29 View citations (2)

2006

21. Exchange Rates, Equity Prices, and Capital Flows
    Review of Financial Studies, 2006, 19, (1), 273-317 View citations (261)
    See also Working Paper (2003)
22. The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse
    Journal of the European Economic Association, 2006, 4, (4), 862-890 View citations (87)
    See also Working Paper (2002)

2004

23. Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?
    American Economic Review, 2004, 94, (2), 126-133 View citations (153)
    See also Working Paper (2004)

2002

24. How has the euro changed the foreign exchange market?
    (The distribution of realized exchange rate volatility)
    Economic Policy, 2002, 17, (34), 149-192 View citations (32)
25. Real Exchange Rate Volatility and Economic Openness: Theory and Evidence
    Journal of Money, Credit and Banking, 2002, 34, (3), 611-30 View citations (134)
    See also Working Paper (2000)
26. The euro as an international currency: explaining puzzling first evidence from the foreign exchange markets
    Journal of International Money and Finance, 2002, 21, (3), 351-383 View citations (18)

2001

27. Geographic patterns of trading profitability in Xetra
    European Economic Review, 2001, 45, (4-6), 757-769 View citations (19)
28. Location Matters: An Examination of Trading Profits
    Journal of Finance, 2001, 56, (5), 1959-1983 View citations (222)

2000

29. Exchange rate determination: The role of factor price rigidities and nontradeables
    Journal of International Economics, 2000, 50, (2), 421-447 View citations (90)
30. Lawyers, Legislation and Social Welfare
    European Journal of Law and Economics, 2000, 9, (3), 231-254 View citations (1)

1999

31. Comment on ‘Corporate Risk Management for Multinational Corporations: Financial and Operational Hedging Policies’
    Review of Finance, 1999, 2, (2), 247-249 View citations (3)

1998

32. Competitive Entry and Endogenous Risk in the Foreign Exchange Market
    Review of Financial Studies, 1998, 11, (4), 757-87 View citations (51)
33. Privatization under political interference: Evidence from Eastern Germany
    European Economic Review, 1998, 42, (7), 1177-1201 View citations (9)

Chapters

2014

1. Incentive Pay and Bank Risk-taking: Evidence from Austrian, German, and Swiss Banks
   A chapter in NBER International Seminar on Macroeconomics 2014, 2014, pp 123-140 View citations (3)
   See also Journal Article in Journal of International Economics (2015)
   Working Paper (2014)