Publications

Our researchers make regular contributions to leading academic journals and also serve on the editorial boards of prominent publications. The House of Finance thus enriches national and international research dialog on current issues in finance, economics and law. Our institutes maintain the following working paper series:

  • CFS Working Paper Series (finance-related topics) 
  • EFL Articles (e-finance) 
  • ICIR Working Paper Series (insurance regulation) 
  • IMFS Working Paper Series (monetary and financial stability) 
  • ILF Working Paper Series (law and finance) 
  • LawFin Working Paper Series (financial regulation) 
  • SAFE Working Paper Series (finance-related topics)

A selection of our working papers can be found below.

10/01/24 | IMFS: Working Paper

The authors revisit the limited stock market participation puzzle leveraging a qualitative…

The authors revisit the limited stock market participation puzzle leveraging a qualitative research approach that is commonly used in many social sciences, but much less so in finance or…

09/25/24 | CFS: Publication

We provide empirical evidence that the pricing of green bonds tends to be highly…

We provide empirical evidence that the pricing of green bonds tends to be highly sophisticated and based on a two-tiered approach. When buying a green bond, investors do not look only at the…

09/01/24 | IMFS: Working Paper

The authors investigate the implications of monetary policy rules during the surge and…

The authors investigate the implications of monetary policy rules during the surge and subsequent decline of inflation in the euro area and compares them to the interest rate decisions of…

06/04/24 | SAFE: Working Paper

How does the design of debt repayment schedules affect household borrowing? To answer this…

How does the design of debt repayment schedules affect household borrowing? To answer this question, we exploit a Swedish policy reform that eliminated interest-only mortgages for…

05/22/24 | SAFE: Working Paper

We study how investors respond to inflation combining a customized survey experiment with…

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of historically high inflation. Investors' beliefs about the stock…

05/15/24 | SAFE: Working Paper

We educate investors with significant dividend holdings about the benefits of dividend…

We educate investors with significant dividend holdings about the benefits of dividend reinvestment and the costs of misperceiving dividends as additional, free income. The intervention…

05/08/24 | LawFin, SAFE: Working Paper

The lack of a European Deposit Insurance Scheme (EDIS) – often referred to as the ‘third…

The lack of a European Deposit Insurance Scheme (EDIS) – often referred to as the ‘third pillar’ of Banking Union – has been criticized since the inception of the EU Banking Union. The…

05/01/24 | IMFS: Working Paper

Central bank intervention in the form of quantitative easing (QE) during times of low…

Central bank intervention in the form of quantitative easing (QE) during times of low interest rates is a controversial topic. The author introduces a novel approach to study the…

04/17/24 | SAFE: Working Paper

This paper studies whether Eurosystem collateral eligibility played a role in the…

This paper studies whether Eurosystem collateral eligibility played a role in the portfolio choices of euro area asset managers during the “dash-for-cash” episode of 2020. We find that asset…

04/12/24 | CFS: Working Paper

The economic rise of China has changed the global economy. The authors explore China’s…

The economic rise of China has changed the global economy. The authors explore China’s transformation from a low-cost manufacturing hub to an increasingly innovation- and service-driven…

03/26/24 | CFS: Working Paper

We assess how sustainable finance literacy affects people’s sustainable investment…

We assess how sustainable finance literacy affects people’s sustainable investment behavior, using a pre-registered experiment. We find that an increase in sustainable finance literacy leads…

03/18/24 | SAFE: Working Paper

What are the aggregate and distributional consequences of the relationship be-tween an…

What are the aggregate and distributional consequences of the relationship be-tween an individual’s social network and financial decisions? Motivated by several well-documented facts about…