Details about Florian Heider

Access statistics for papers by Florian Heider.

Last updated 2023-01-02. Update your information in the RePEc Author Service.

Short-id: phe212

Working Papers

2022

1. 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 (3)
2. How do banks manage liquidity? Evidence from the ECB’s tiering experiment
   Working Paper Series, European Central Bank
3. The Augmented Bank Balance-Sheet Channel of Monetary Policy
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (12)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   Discussion Papers, Deutsche Bundesbank (2022) View citations (12)
   Working Paper Series, European Central Bank (2022) View citations (11)
   Working Papers, Banco de Portugal, Economics and Research Department (2022) View citations (12)
4. Variation margins, fire-sales and information-constrained optimality
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in Working Paper Series, European Central Bank (2018) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   Post-Print, HAL (2021) View citations (1)
   See also Journal Article in Review of Economic Studies (2021)

2021

5. Banks and negative interest rates
   Working Paper Series, European Central Bank View citations (9)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
   See also Journal Article in Annual Review of Financial Economics (2021)
6. Monetary Policy in a Low Interest Rate Environment: Reversal Rate and Risk-Taking
   Working Paper Series, European Central Bank View citations (4)
7. 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 (1)

2018

8. Life below zero: Bank lending under negative policy rates
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
   Also in Working Paper Series, European Central Bank (2018) View citations (40)
   See also Journal Article in Review of Financial Studies (2019)

2017

9. On collateral: implications for financial stability and monetary policy
   Working Paper Series, European Central Bank View citations (12)
10. 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

11. 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 (84)
    See also Journal Article in Journal of Financial Intermediation (2016)
12. Liquidity, Information Aggregation, and Market-Based Pay in an Efficient Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
13. Risk-sharing or risk-taking? Counterparty-risk, incentives and margins
    Post-Print, HAL View citations (53)
    Also in Working Paper Series, European Central Bank (2012) View citations (13)
    See also Journal Article in Journal of Finance (2016)
14. Stressed interbank markets: evidence from the European financial and sovereign debt crisis
    Working Paper Series, European Central Bank View citations (29)

2015

15. 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

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

2012

17. 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)
18. Clearing, counterparty risk and aggregate risk
    Post-Print, HAL View citations (54)
    Also in Working Paper Series, European Central Bank (2012) View citations (57)
    See also Journal Article in IMF Economic Review (2012)
19. Loan prospecting
    Working Paper Series, European Central Bank View citations (10)
    See also Journal Article in Review of Financial Studies (2012)

2010

20. 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 (138)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (178)
    Working Paper Series, European Central Bank (2009) View citations (194)
    Discussion Paper, Tilburg University, Center for Economic Research (2009) View citations (193)
21. 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 in Journal of Institutional and Theoretical Economics (JITE) (2009)

2009

22. Interbank lending, credit risk premia and collateral
    Working Paper Series, European Central Bank View citations (34)
    See also Journal Article in International Journal of Central Banking (2009)
23. The determinants of bank capital structure
    Working Paper Series, European Central Bank View citations (57)
    See also Journal Article in Review of Finance (2010)

2008

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

2007

25. Market based compensation, price informativeness and short-term trading
    Working Paper Series, European Central Bank View citations (3)
26. The role of financial markets and innovation in productivity and growth in Europe
    Occasional Paper Series, European Central Bank View citations (60)

2004

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

2002

28. 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

29. 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 LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2000)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (1)
30. What Do Internal Capital Markets Do? Redistribution vs. Incentives
    FMG Discussion Papers, Financial Markets Group View citations (3)
    Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2001) View citations (1)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001)

Journal Articles

2021

1. Banks and Negative Interest Rates
   Annual Review of Financial Economics, 2021, 13, (1), 201-218 View citations (9)
   See also Working Paper (2021)
2. Side effects of monetary easing in a low interest rate environment: reversal and risk-taking
   Research Bulletin, 2021, 87.2
3. Stock-based pay, liquidity, and the role of market making
   Journal of Economic Theory, 2021, 197, (C)
4. Variation Margins, Fire Sales, and Information-constrained Optimality
   (Leverage, Moral Hazard, and Liquidity)
   Review of Economic Studies, 2021, 88, (6), 2654-2686 View citations (2)
   See also Working Paper (2022)

2019

5. Life below Zero: Bank Lending under Negative Policy Rates
   Review of Financial Studies, 2019, 32, (10), 3728-3761 View citations (247)
   See also Working Paper (2018)

2017

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

2016

7. 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 (2016)
8. Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins
   Journal of Finance, 2016, 71, (4), 1669-1698 View citations (53)
   See also Working Paper (2016)

2015

9. 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 (156)
   See also Chapter (2013)
10. Liquidity hoarding and interbank market rates: The role of counterparty risk
    Journal of Financial Economics, 2015, 118, (2), 336-354 View citations (148)

2013

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

2012

12. Clearing, Counterparty Risk, and Aggregate Risk
    IMF Economic Review, 2012, 60, (2), 193-222 View citations (59)
    See also Working Paper (2012)
13. Loan Prospecting
    Review of Financial Studies, 2012, 25, (8), 2381-2415 View citations (12)
    See also Working Paper (2012)

2011

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

2010

15. The Determinants of Bank Capital Structure
    Review of Finance, 2010, 14, (4), 587-622 View citations (287)
    See also Working Paper (2009)

2009

16. Interbank Lending, Credit-Risk Premia, and Collateral
    International Journal of Central Banking, 2009, 5, (4), 5-43 View citations (33)
    See also Working Paper (2009)
17. 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 (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 in Journal of Financial Economics (2015)