IWH Research Seminar

Granular Credit Risk

What is the impact of granular credit risk on banks and on the economy? We provide the first causal identification of single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an administrative matched bank-firm dataset from Norway.

IWH Research Seminar

Improving Market-Based Systemic Risk Measures

IWH Research Seminar

Managing Environmental Risk

Using novel job posting data, we construct a human capital-based measure of corporate investments in managing climate risk.

IWH Research Seminar

Risk and Employment: Banking on Snow

IWH Research Seminar

Virtual Lecture: Climate Policy, Financial Frictions, and Transition Risk

We study climate and macroprudential policies in an economy with financial frictions. Using a dynamic stochastic general equilibrium model featuring both a pollution market failure and a market failure in the financial sector, we explore transition risk – whether ambitious climate policy can lead to macroeconomic instability.

Workshops and conferences

4th IWH/INFER Workshop on Applied Economics and Economic Policy: A New Fiscal Capacity for the EU?

The Halle Institute for Economic Research (IWH) and the International Network for Economic Research (INFER) were organising a workshop on risk spillover, current challenges for sustainable fiscal policy, and evaluations of pan-European transfers.

IWH Research Seminar

When Subadditivity Becomes a Problem: Coherent Risk Measures and Optimal Futures Hedging with Background Risk

In this paper, we analyze standard futures hedging problems with and without background risk under law invariant coherent risk measures.

IWH Research Seminar

Dynamic Risk-Shifting, APR-violations, and Chapter 11: The Role of "Soft” versus "Tough” Bankruptcy Code Design

We show that there are two separate incentive effects of soft law working in opposite directions, the “NoAPR- effect” and the “Chapter 11-effect”, respectively.

IWH Research Seminar

Googling for Risk – Evidence from UK Offshore Deposits

This paper studies the link between bank risk, and the attention that retail depositors pay to it depending on deposit insurance. We propose a new measure of depositor attention, the Google search frequency for a given bank name.

Public events

IWH Policy Talk "Risk Sharing and Risk Reduction – The Challenges that Lie Ahead"

Gesprächspartner von IWH-Präsident Reint E. Gropp ist diesmal der Chef der Europäischen Bankenaufsichtsbehörde (EBA), Andrea Eria. Als Teil des Europäischen Systems der Finanzaufsicht (ESFS) ist es Aufgabe der EBA, ein wirksames und kohärentes Maß an Regulierung und Beaufsichtigung im europäischen Bankensektor zu gewährleisten. Sie soll helfen, die Finanzstabilität in der EU zu wahren und das ordnungsgemäße Funktionierens des Bankensektors zu sichern.