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Details about Sascha Steffen

E-mail:
Homepage:http://www.sascha-steffen.de
Workplace:Frankfurt School of Finance and Management, (more information at EDIRC)

Access statistics for papers by Sascha Steffen.

Last updated 2025-10-09. Update your information in the RePEc Author Service.

Short-id: pst441


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Working Papers

2025

  1. Fragile Financing? How Corporate Reliance on Shadow Banking Affects their Access to Bank Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Shadow Always Touches the Feet: Implications of Bank Credit Lines to Non-Bank Financial Intermediaries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2023

  1. Climate Transition Risks of Banks
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (3)
  2. Contingent Credit Under Stress
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Kicking the Can Down the Road: Government Interventions in the European Banking Sector
    CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (8)
  4. Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)

2022

  1. Zombie Lending: Theoretical, International and Historical Perspectives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article Zombie Lending: Theoretical, International, and Historical Perspectives, Annual Review of Financial Economics, Annual Reviews (2022) Downloads View citations (36) (2022)

2021

  1. Why Did Bank Stocks Crash During COVID-19?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)

2020

  1. A Protective Shield for Europe’s Banks
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany Downloads View citations (3)
  2. Bank capital and the European recovery from the COVID-19 crisis
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany Downloads View citations (8)
  3. The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (230)

2019

  1. Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University (2015) Downloads View citations (25)

2018

  1. Lender of Last Resort versus Buyer of Last Resort – Evidence from the European Sovereign Debt Crisis
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (11)

2017

  1. The Importance of a Banking Union and Fiscal Union for a Capital Markets Union
    European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission Downloads View citations (6)

2016

  1. Capital markets union in Europe: Why other unions must lead the way
    ZEW policy briefs, ZEW - Leibniz Centre for European Economic Research Downloads View citations (3)
    See also Journal Article Capital Markets Union in Europe: Why other Unions must lead the Way, Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES) (2016) View citations (3) (2016)
  2. Lender of last resort versus buyer of last resort: The impact of the European Central Bank actions on the bank-sovereign nexus
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research Downloads View citations (6)
  3. Mind the gap: The difference between U.S. and European loan rates
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research Downloads View citations (8)
  4. The total costs of corporate borrowing in the loan market: Don't ignore the fees
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research Downloads View citations (150)
    See also Journal Article The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees, Journal of Finance, American Finance Association (2016) Downloads View citations (160) (2016)

2015

  1. Did emergency liquidity assistance (ELA) of the ECB delay the bankruptcy of Greek banks?
    SAFE Policy Letters, Leibniz Institute for Financial Research SAFE Downloads View citations (2)
  2. The Total Costs of Corporate Borrowing in the Loan Market: Don’t Ignore the Fees
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich Downloads View citations (10)
  3. Waren die ELA-Notkredite der EZB für griechische Banken eine Konkursverschleppung?
    SAFE Policy Letters, Leibniz Institute for Financial Research SAFE Downloads

2014

  1. Falling short of expectations? Stress-testing the European banking system
    CEPS Papers, Centre for European Policy Studies Downloads View citations (46)
  2. Government Guarantees and Bank Risk Taking Incentives
    CESifo Working Paper Series, CESifo Downloads View citations (18)
    Also in ESMT Research Working Papers, ESMT European School of Management and Technology (2014) Downloads View citations (16)
  3. Making sense of the comprehensive assessment
    SAFE Policy Letters, Leibniz Institute for Financial Research SAFE Downloads View citations (6)
  4. Robustness, validity, and significance of the ECB's asset quality review and stress test exercise
    SAFE White Paper Series, Leibniz Institute for Financial Research SAFE Downloads View citations (17)

2013

  1. The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (95)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (91)

    See also Journal Article The “greatest” carry trade ever? Understanding eurozone bank risks, Journal of Financial Economics, Elsevier (2015) Downloads View citations (439) (2015)

2011

  1. Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (429)
    See also Journal Article Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects, Journal of Financial Economics, Elsevier (2011) Downloads View citations (429) (2011)
  2. On the importance of prior relationships in bank loans to retail customers
    Working Paper Series, European Central Bank Downloads View citations (12)

Journal Articles

2024

  1. Die Zukunft des europäischen Finanzsystems – zwischen Risiken und mangelnder Wettbewerbsfähigkeit?
    ifo Schnelldienst, 2024, 77, (07), 03-36 Downloads

2022

  1. Zombie Lending: Theoretical, International, and Historical Perspectives
    Annual Review of Financial Economics, 2022, 14, (1), 21-38 Downloads View citations (36)
    See also Working Paper Zombie Lending: Theoretical, International and Historical Perspectives, NBER Working Papers (2022) Downloads View citations (33) (2022)

2021

  1. Trends in Corporate Borrowing
    Annual Review of Financial Economics, 2021, 13, (1), 321-340 Downloads View citations (7)

2016

  1. Capital Markets Union in Europe: Why other Unions must lead the Way
    Swiss Journal of Economics and Statistics (SJES), 2016, 152, (IV), 319-329 View citations (3)
    See also Working Paper Capital markets union in Europe: Why other unions must lead the way, ZEW policy briefs (2016) Downloads View citations (3) (2016)
  2. The Total Cost of Corporate Borrowing in the Loan Market: Don't Ignore the Fees
    Journal of Finance, 2016, 71, (3), 1357-1392 Downloads View citations (160)
    See also Working Paper The total costs of corporate borrowing in the loan market: Don't ignore the fees, ZEW Discussion Papers (2016) Downloads View citations (150) (2016)

2015

  1. The “greatest” carry trade ever? Understanding eurozone bank risks
    Journal of Financial Economics, 2015, 115, (2), 215-236 Downloads View citations (439)
    See also Working Paper The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks, CEPR Discussion Papers (2013) Downloads View citations (95) (2013)

2013

  1. Do Information Rents in Loan Spreads Persist over the Business Cycles?
    Journal of Financial Services Research, 2013, 43, (2), 175-195 Downloads View citations (8)
  2. Wie ist das EU-Konzept zur Bankenunion zu bewerten?
    ifo Schnelldienst, 2013, 66, (01), 03-13 Downloads

2012

  1. Wie wirkt sich der Wegfall staatlicher Garantien auf die Risikoübernahme von Banken aus?
    ifo Schnelldienst, 2012, 65, (18), 17-21 Downloads

2011

  1. Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
    Journal of Financial Economics, 2011, 100, (3), 556-578 Downloads View citations (429)
    See also Working Paper Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects, NBER Working Papers (2011) Downloads View citations (429) (2011)
  2. On syndicate composition, corporate structure and the certification effect of credit ratings
    Journal of Banking & Finance, 2011, 35, (2), 290-299 Downloads View citations (47)
  3. The Costs of Being Private: Evidence from the Loan Market
    The Review of Financial Studies, 2011, 24, (12), 4091-4122 Downloads View citations (143)

Books

2016

  1. The SSM at 1
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads View citations (2)
 
Page updated 2025-10-21