Details about Florian Heider

Access statistics for papers by Florian Heider.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: phe212

Working Papers

2024

1. Overly reliant on central bank funding? Consequences of exiting TLTRO
   SAFE White Paper Series, Leibniz Institute for Financial Research SAFE
2. The geopolitical case for CMU and two different pathways toward capital market integration
   SAFE White Paper Series, Leibniz Institute for Financial Research SAFE

2023

3. Do "white knights" make excessive profits in bank resolution?
   SAFE White Paper Series, Leibniz Institute for Financial Research SAFE
4. European lessons from Silicon Valley Bank resolution: A plea for a comprehensive demand deposit protection scheme (CDDPS)
   SAFE Policy Letters, Leibniz Institute for Financial Research SAFE

2022

5. A Corporate Finance Perspective on Environmental Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in EconStor Preprints, ZBW - Leibniz Information Centre for Economics (2021) View citations (1)
   SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2022) View citations (4)
6. How do banks manage liquidity? Evidence from the ECB’s tiering experiment
   Working Paper Series, European Central Bank
7. The Augmented Bank Balance-Sheet Channel of Monetary Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, Banco de Portugal, Economics and Research Department (2022) View citations (13)
   Discussion Papers, Deutsche Bundesbank (2022) View citations (13)
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2022) View citations (13)
   Working Paper Series, European Central Bank (2022) View citations (12)
8. Variation margins, fire-sales and information-constrained optimality
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   Working Paper Series, European Central Bank (2018) View citations (1)
   Post-Print, HAL (2021) View citations (1)
   See also Journal Article Variation Margins, Fire Sales, and Information-constrained Optimality, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (3) (2021)

2021

9. Banks and negative interest rates
   Working Paper Series, European Central Bank View citations (10)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
   See also Journal Article Banks and Negative Interest Rates, Annual Review of Financial Economics, Annual Reviews (2021) View citations (10) (2021)
10. Monetary Policy in a Low Interest Rate Environment: Reversal Rate and Risk-Taking
    Working Paper Series, European Central Bank View citations (5)
11. The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area
    Occasional Paper Series, European Central Bank View citations (2)

2018

12. Life below zero: Bank lending under negative policy rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
    Also in Working Paper Series, European Central Bank (2018) View citations (41)
    See also Journal Article Life below Zero: Bank Lending under Negative Policy Rates, The Review of Financial Studies, Society for Financial Studies (2019) View citations (272) (2019)

2017

13. On collateral: implications for financial stability and monetary policy
    Working Paper Series, European Central Bank View citations (13)
14. Optimal margins and equilibrium prices
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2017) View citations (1)

2016

15. Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro area
    Working Paper Series, European Central Bank View citations (89)
    See also Journal Article Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area, Journal of Financial Intermediation, Elsevier (2016) View citations (80) (2016)
16. Liquidity, Information Aggregation, and Market-Based Pay in an Efficient Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
17. Risk-sharing or risk-taking? Counterparty-risk, incentives and margins
    Post-Print, HAL View citations (56)
    Also in Working Paper Series, European Central Bank (2012) View citations (13)
    See also Journal Article Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins, Journal of Finance, American Finance Association (2016) View citations (56) (2016)
18. Stressed interbank markets: evidence from the European financial and sovereign debt crisis
    Working Paper Series, European Central Bank View citations (30)

2015

19. Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2014

20. Risk-sharing or risk-taking? An incentive theory of counterparty risk, clearing and margins
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (3)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2014) View citations (3)

2012

21. As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
22. Clearing, counterparty risk and aggregate risk
    Working Paper Series, European Central Bank View citations (58)
    Also in Post-Print, HAL (2012) View citations (54)
    See also Journal Article Clearing, Counterparty Risk, and Aggregate Risk, IMF Economic Review, Palgrave Macmillan (2012) View citations (60) (2012)
23. Loan prospecting
    Working Paper Series, European Central Bank View citations (10)
    See also Journal Article Loan Prospecting, The Review of Financial Studies, Society for Financial Studies (2012) View citations (12) (2012)

2010

24. Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (139)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (179)
    Discussion Paper, Tilburg University, Center for Economic Research (2009) View citations (194)
    Working Paper Series, European Central Bank (2009) View citations (195)
25. The benefit and cost of winner-picking: redistribution versus incentives
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (4)
    See also Journal Article The Benefit and Cost of Winner-Picking: Redistribution versus Incentives, Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen (2009) View citations (9) (2009)

2009

26. Interbank lending, credit risk premia and collateral
    Working Paper Series, European Central Bank View citations (35)
    See also Journal Article Interbank Lending, Credit-Risk Premia, and Collateral, International Journal of Central Banking, International Journal of Central Banking (2009) View citations (34) (2009)
27. The determinants of bank capital structure
    Working Paper Series, European Central Bank View citations (57)
    See also Journal Article The Determinants of Bank Capital Structure, Review of Finance, European Finance Association (2010) View citations (302) (2010)

2008

28. The Determinants of Capital Structure: Some Evidence from Banks
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research View citations (13)

2007

29. Market based compensation, price informativeness and short-term trading
    Working Paper Series, European Central Bank View citations (3)
30. The role of financial markets and innovation in productivity and growth in Europe
    Occasional Paper Series, European Central Bank View citations (61)

2004

31. Market based compensation, trading and liquidity
    DEE - Working Papers. Business Economics. WB, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

2002

32. The Benefit and Cost of Winner Picking: Redistribution Vs Incentives
    Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE) View citations (5)

2001

33. Signalling with Debt and Equity: A Unifying Approach and its Implications for the Pecking Order Hypothesis and Competitive Credit Rationing
    FMG Discussion Papers, Financial Markets Group
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (1)
    LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2000)
34. What Do Internal Capital Markets Do? Redistribution vs. Incentives
    FMG Discussion Papers, Financial Markets Group View citations (2)
    Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2001)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001)

Journal Articles

2023

1. Die Notwendigkeit einer Absicherung aller Sichteinlagen: der Fall der Silicon Valley Bank und Lehren für Europa
   Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2023, 92, (3), 51-60

2021

2. Banks and Negative Interest Rates
   Annual Review of Financial Economics, 2021, 13, (1), 201-218 View citations (10)
   See also Working Paper Banks and negative interest rates, Working Paper Series (2021) View citations (10) (2021)
3. Side effects of monetary easing in a low interest rate environment: reversal and risk-taking
   Research Bulletin, 2021, 87.2 View citations (1)
4. Stock-based pay, liquidity, and the role of market making
   Journal of Economic Theory, 2021, 197, (C)
5. Variation Margins, Fire Sales, and Information-constrained Optimality
   (Leverage, Moral Hazard, and Liquidity)
   The Review of Economic Studies, 2021, 88, (6), 2654-2686 View citations (3)
   See also Working Paper Variation margins, fire-sales and information-constrained optimality, TSE Working Papers (2022) (2022)

2019

6. Life below Zero: Bank Lending under Negative Policy Rates
   The Review of Financial Studies, 2019, 32, (10), 3728-3761 View citations (272)
   See also Working Paper Life below zero: Bank lending under negative policy rates, CEPR Discussion Papers (2018) View citations (42) (2018)

2017

7. Collateral, central clearing counterparties and regulation
   Research Bulletin, 2017, 41

2016

8. Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area
   Journal of Financial Intermediation, 2016, 28, (C), 32-47 View citations (80)
   See also Working Paper Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro area, Working Paper Series (2016) View citations (89) (2016)
9. Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins
   Journal of Finance, 2016, 71, (4), 1669-1698 View citations (56)
   See also Working Paper Risk-sharing or risk-taking? Counterparty-risk, incentives and margins, Post-Print (2016) View citations (56) (2016)

2015

10. As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes
    Journal of Financial Economics, 2015, 118, (3), 684-712 View citations (169)
    See also Chapter As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes, NBER Chapters, 2013 (2013) View citations (3) (2013)
11. Liquidity hoarding and interbank market rates: The role of counterparty risk
    Journal of Financial Economics, 2015, 118, (2), 336-354 View citations (152)

2013

12. Incentive compatible centralised clearing
    Financial Stability Review, 2013, (17), 161-168 View citations (2)

2012

13. Clearing, Counterparty Risk, and Aggregate Risk
    IMF Economic Review, 2012, 60, (2), 193-222 View citations (60)
    See also Working Paper Clearing, counterparty risk and aggregate risk, Working Paper Series (2012) View citations (58) (2012)
14. Loan Prospecting
    The Review of Financial Studies, 2012, 25, (8), 2381-2415 View citations (12)
    See also Working Paper Loan prospecting, Working Paper Series (2012) View citations (10) (2012)

2011

15. Capital Structure, Risk and Asymmetric Information
    Quarterly Journal of Finance (QJF), 2011, 01, (04), 767-809 View citations (18)

2010

16. The Determinants of Bank Capital Structure
    Review of Finance, 2010, 14, (4), 587-622 View citations (302)
    See also Working Paper The determinants of bank capital structure, Working Paper Series (2009) View citations (57) (2009)

2009

17. Interbank Lending, Credit-Risk Premia, and Collateral
    International Journal of Central Banking, 2009, 5, (4), 5-43 View citations (34)
    See also Working Paper Interbank lending, credit risk premia and collateral, Working Paper Series (2009) View citations (35) (2009)
18. The Benefit and Cost of Winner-Picking: Redistribution versus Incentives
    Journal of Institutional and Theoretical Economics (JITE), 2009, 165, (4), 622-649 View citations (9)
    See also Working Paper The benefit and cost of winner-picking: redistribution versus incentives, LIDAM Reprints CORE (2010) View citations (4) (2010)

Chapters

2017

1. An Incentive Theory of Counterparty Risk, Margins, and CCP Design
   Chapter 15 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 209-224

2013

2. As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes
   A chapter in New Perspectives on Corporate Capital Structure, 2013 View citations (3)
   See also Journal Article As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes, Elsevier (2015) View citations (169) (2015)