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2025

Gündüz, Yalin; Ongena, Steven; Tümer-Alkan, Günseli; Yu, Yuejuan (2025). CDS and credit: The effect of the bangs on credit insurance, lending and hedging. Journal of Empirical Finance, 81:101583.

Paolella, Marc S; Polak, Pawel; Walker, Patrick S (2025). Risk parity portfolio optimization under heavy‐tailed returns and dynamic correlations. Journal of Time Series Analysis, 46(2):353-377.

Petropoulou, Athina; Pappas, Vasileios; Ongena, Steven; Gounopoulos, Dimitrios; Fairchild, Richard (2025). The performance of FDIC-identified community banks. Journal of Financial Stability, 77:101394.

Smart Health: Ansätze zur Digitalisierung und Demokratisierung des Schweizer Gesundheitsökosystems. Edited by: Fasnacht, Daniel (2025). Wiesbaden: Springer Gabler.

Glossner, Simon; Matos, Pedro; Ramelli, Stefano; Wagner, Alexander F (2025). Do Institutional Investors Stabilize Equity Markets in Crisis Periods? Evidence from COVID-19. Management Science:Epub ahead of print.

Andrieş, Alin Marius; Ongena, Steven; Sprincean, Nicu (2025). Sectoral Credit Allocation and Systemic Risk. Journal of Financial Stability, 76:101363.

Colesanti Senni, Chiara; Schimanski, Tobias; Bingler, Julia; Ni, Jingwei; Leippold, Markus (2025). Using AI to assess corporate climate transition disclosures. Environmental Research, 7(2):021010.

Sautner, Zacharias; Yu, Jing; Zhong, Rui; Zhou, Xiaoyan (2025). The EU Taxonomy and the Syndicated Loan Market. Journal of Financial Services Research:online.

Han, Jiequn; Yang, Yucheng; E, Weinan (2025). DeepHAM: A Global Solution Method for Heterogeneous Agent Models with Aggregate Shocks. Swiss Finance Institute Research Paper 25-06, University of Zurich.

Yang, Yucheng (2025). Redistributive Inflation and Optimal Monetary Policy. Swiss Finance Institute Research Paper 25-07, University of Zurich.

Folini, Doris; Friedl, Aleksandra; Kübler, Felix; Scheidegger, Simon (2025). The Climate in Climate Economics. Review of Economic Studies, 92(1):299-338.

Berger, Allen N; Nistor, Simona; Ongena, Steven; Tsyplakov, Sergey (2025). Catch, Restrict, and Release: The Real Story of Bank Bailouts. Review of Corporate Finance Studies:cfaf001.

Payne, Jonathan L; Rebei, Adam; Yang, Yucheng (2025). Deep Learning for Search and Matching Models. Swiss Finance Institute Research Paper 25-05, University of Zurich.

Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven (2025). Quantitative easing and the functioning of the gilt repo market. The European Journal of Finance, 31(1):31-52.

von Meyerinck, Felix; Romer, Jonas; Schmid, Markus (2025). CEO turnover and director reputation. Journal of Financial Economics, 163:103971.

Huynh, Luu Duc Toan; Ongena, Steven (2025). Introduction to JEBO special issue on wars, economic sanctions, economic behaviors, and institutions. Journal of Economic Behavior & Organization, 229:106860.

Ongena, Steven; Saffar, Walid; Sun, Yuan; Wei, Lai (2025). Movables as collateral and corporate credit: Loan-level evidence from legal reforms across Europe. Journal of Banking and Finance, 170:107331.

2024

Deng, Ming; Kebe, Miha; Lucescu, Patrick; Uhl, Matthias W; Walliser, Santiago (2024). Four-Fold News Sentiment and Stock Returns. Journal of Portfolio Management:jpm.2024.1.663.

Mamatzakis, Emmanuel C; Ongena, Steven (2024). Paying your debt makes you happy: insights during the COVID-19 period. Journal of Economic Studies:Epub ahead of print.

Leippold, Markus; Wang, Qian; Yang, Min (2024). Technical patterns and news sentiment in stock markets. Journal of Finance and Data Science, 10:100145.

Monasterolo, Irene; Mandel, Antoine; Battiston, Stefano; Mazzocchetti, Andrea; Oppermann, Klaus; Coony, Jonathan; Stretton, Stephen; Stewart, Fiona; Dunz, Nepomuk (2024). The role of green financial sector initiatives in the low-carbon transition: A theory of change. Global Environmental Change, 89:102915.

Schimanski, Tobias; Ni, Jingwei; Martín, Roberto Spacey; Ranger, Nicola; Leippold, Markus (2024). ClimRetrieve: A Benchmarking Dataset for Information Retrieval from Corporate Climate Disclosures. In: The 2024 Conference on Empirical Methods in Natural Language Processing, Miami, Florida, USA, 12 November 2024 - 16 November 2024. Association for Computational Linguistics, 17509-17524.

von Liechtenstein, Michael; Puschmann, Thomas. Das globale Finanzsystem wird sich stark verändern. In: Neue Zürcher Zeitung, 20 November 2024, 19.

Sato, Misato; Gostlow, Glen; Higham, Catherine; Setzer, Joana; Venmans, Frank (2024). Impacts of climate litigation on firm value. Nature Sustainability, 7(11):1461-1468.

Leippold, Markus (2024). The Role of AI in Transforming Financial Practices. Zürich: Swiss Finance Institute.

Baader, Malte; Gächter, Simon; Lee, Kyeongtae; Sefton, Martin (2024). Social preferences and the variability of conditional cooperation. Economic Theory:Epub ahead of print.

Haq, Mamiza; Ongena, Steven; Pu, Juying; Tan, Eric K M (2024). Do banks engage in earnings management? The role of dividends and institutional factors. Journal of Banking and Finance, 168:107287.

Akyildirim, Erdinc; Yao, Shouyu; Kong, Xiaoran; Sensoy, Ahmet; Cheng, Feiyang (2024). Investor attention and idiosyncratic risk in cryptocurrency markets. The European Journal of Finance, 30(16):1932-1950.

Qi, Shusen; De Haas, Ralph; Ongena, Steven; Straetmans, Stefan; Vadasz, Tamas (2024). Move a little closer? Information sharing and the spatial clustering of bank branches. Review of Finance, 28(6):1881-1918.

Antoniou, Fabio; Delis, Manthos D; Ongena, Steven; Tsoumas, Chris (2024). Pollution Permits and Financing Costs. Journal of Money, Credit and Banking:Epub ahead of print.

Doerr, Sebastian; Kabaş, Gazi; Ongena, Steven (2024). Population Aging and Bank Risk-Taking. Journal of Financial and Quantitative Analysis, 59(7):3037-3061.

Delis, Fotis; Delis, Manthos D; Laeven, Luc; Ongena, Steven (2024). Global evidence on profit shifting within firms and across time. Journal of Accounting and Economics:Epub ahead of print.

Hilber, Christian; Zulliger, Jürg; Honegger, Lorenz. "Man sollte die Anwohner entschädigen" : Der Professor für Wirtschaftsgeografie Christian Hilber sagt, warum die Situation am hiesigen Wohnungsmarkt noch lange nicht so angespannt ist wie in Grossbritannien - warum sie es aber werden könnte. In: Neue Zürcher Zeitung, 21 October 2024, 21.

Ongena, Steven; Nistor, Simona (2024). Bank Capital Requirements: Why, How High, Increasing them, Alternatives? Zürich: Swiss Finance Institute.

Kolasa, Thea; Sautner, Zacharias (2024). Institutional Investors and the Fight Against Climate Change. Corporate Governance. An International Review:Epub ahead of print.

Durrani, Agha; Ongena, Steven; Ponte Marques, Aurea (2024). Decoding market reactions: The certification role of EU-wide stress tests. Economic Modelling, 139:106828.

Kara, Alper; Ongena, Steven; Yildiz, Yilmaz (2024). Does being a responsible bank pay off? Evidence from the COVID-19 pandemic. Journal of Financial Stability, 74:101317.

Brumm, Johannes; Xiangyu, Feng; Kotlikoff, Laurence; Kübler, Felix (2024). When Interest Rates Go Low, Should Public Debt Go High? American Economic Journal: Macroeconomics, 16(4):432-469.

Chitsiripanich, Soros. New momentum, reversal, and multivariate discrete mixtures for portfolio selection. 2024, University of Zurich, Faculty of Economics.

Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Scheidegger, Simon (2024). Can today’s and tomorrow’s world uniformly gain from carbon taxation? European Economic Review, 168:104819.

Newton, David P; Ongena, Steven; Xie, Ru; Zhao, Binru (2024). Firm ESG reputation risk and debt choice. European financial management, 30(4):2071-2094.

Iwata, Tsuyoshi; Weibel, Marc (2024). Enhancing Equity Factor Model with Publicly Reported ESG Data. Journal of Impact and ESG Investing, 5(1):122-147.

Schimanski, Tobias; Ni, Jingwei; Kraus, Mathias; Ash, Elliott; Leippold, Markus (2024). Towards Faithful and Robust LLM Specialists for Evidence-Based Question-Answering. In: The 62nd Annual Meeting of the Association for Computational Linguistics, Bangkok, Thailand, 11 August 2024 - 16 August 2024. Association for Computational Linguistics, 1913-1931.

Lau, Alexandra; Morellec, Erwan; Ongena, Steven; Sautner, Zacharias; Zukas, Tadas (2024). Climate-Related Risks - A Focus on Banks and Credit Risk. Zürich: Swiss Finance Institute.

Muccione, Veruska; Vaghefi, Saeid Ashraf; Bingler, Julia; Allen, Simon K; Kraus, Mathias; Gostlow, Glen; Wekhof, Tobias; Colesanti-Senni, Chiara; Stammbach, Dominik; Ni, Jingwei; Schimanski, Tobias; Yu, Tingyu; Wang, Qian; Huggel, Christian; Luterbacher, Juerg; Biesbroek, Robbert; Leippold, Markus (2024). Integrating artificial intelligence with expert knowledge in global environmental assessments: opportunities, challenges and the way ahead. Regional Environmental Change, 24(3):121.

Delis, Manthos D; de Greiff, Kathrin; Iosifidi, Maria; Ongena, Steven (2024). Being stranded with fossil fuel reserves? Climate policy risk and the pricing of bank loans. Financial markets, institutions & instruments, 33(3):239-265.

Amschwand, Isabelle; Maranghino-Singer, Brigitte; Savoia, Reto; Grampp, Michael; Laude, Daniel (2024). Generative künstliche Intelligenz - neue Horizonte für Verwaltungsräte. Rotkreuz: swissVR.

Kübler, Felix; Polemarchakis, Herakles (2024). Identification in general equilibrium. Journal of Mathematical Economics, 113:103017.

Coculescu, Delia; Motte, Mederic; Pham, Huyen (2024). Opinion dynamics in communities with major influencers and implicit social influence via mean-field approximation. Mathematics and Financial Economics, 18(2-3):333-377.

Hilber, Christian (2024). Restriktive Planung ist kein "Free Lunch". Immobilia, 91(8):40-41.

Can Türetken, Aysun. An Adversarial Attack Approach on Financial LLMs Driven by Embedding-Similarity Optimization. 2024, University of Zurich, Faculty of Economics.

Cantoni, Nina Erminia. Loss Aversion in the Context of Sustainability. 2024, University of Zurich, Faculty of Economics.

Farkas, Walter; Lucescu, Patrick (2024). Modeling Risk Sharing and Impact on Systemic Risk. Mathematics, 12(13):2083.

Bressan, Giacomo; Đuranović, Anja; Monasterolo, Irene; Battiston, Stefano (2024). Asset-level assessment of climate physical risk matters for adaptation finance. Nature Communications, 15:5371.

Garel, Alexandre; Romec, Arthur; Sautner, Zacharias; Wagner, Alexander (2024). Do investors care about biodiversity? Review of Finance, 28(4):1151-1186.

Puschmann, Thomas; Khmarskyi, Valentyn (2024). Green fintech: developing a research agenda. CSR, Sustainability, Ethics & Governance, 31(4):2823-2837.

Bingler, Julia Anna; Kraus, Mathias; Leippold, Markus; Webersinke, Nicolas (2024). How cheap talk in climate disclosures relates to climate initiatives, corporate emissions, and reputation risk. Journal of Banking and Finance, 164:107191.

Wolff, Vincent. The economics of financial markets with frictions: risk-taking, market liquidity, and transaction taxes. 2024, University of Zurich, Faculty of Economics.

Hens, Thorsten; Trutwin, Ester (2024). Modelling sustainable investing in the CAPM. Annals of Operations Research:Epub ahead of print.

Pasche, Cyril; Sautner, Zacharias (2024). The Value of ESG: Where and Why It Matters. Zürich: Swiss Finance Institute.

Puschmann, Thomas; Halimi, Engjull (2024). FinTech services from BigTech companies. Systems research and behavioral science:Epub ahead of print.

Danisewicz, Piotr; Ongena, Steven (2024). Fiscal transfers, local government, and entrepreneurship. Journal of Policy Analysis and Management, 43(3):818-845.

Bachmann, Kremena; Meyer, Julia; Krauss, Annette (2024). Investment motives and performance expectations of impact investors. Journal of Behavioral and Experimental Finance, 42:100911.

Basten, Christoph; Ongena, Steven (2024). Mortgage lending through a fintech web platform. The roles of competition, diversification, and automation. Journal of Banking and Finance, 163:107194.

Dreber, Anna; Holzmeister, Felix; Huber, Jürgen; Johannesson, Magnus; Leippold, Markus; Menkveld, Albert; Östberg, Per; Zeisberger, Stefan; et al (2024). Nonstandard Errors. Journal of Finance, 79(3):2339-2390.

Filippini, Massimo; Leippold, Markus; Wekhof, Tobias (2024). Sustainable finance literacy and the determinants of sustainable investing. Journal of Banking and Finance, 163:107167.

Puschmann, Thomas; von Liechtenstein, Michael (2024). Financial System 2030. Cham, Switzerland: Springer Nature.

Mettler, Alfred; Ongena, Steven; Basten, Christoph; Bürgi, Markus P.H. (2024). Updated Global Financial Regulation, Transparency, and Compliance Index (GFRTCI). Zürich: Swiss Finance Institute.

Mamatzakis, Emmanuel; Ongena, Steven; Patel, Pankaj C; Tsionas, Mike (2024). A Bayesian policy learning model of COVID-19 non-pharmaceutical interventions. Applied Economics, 56(25):2990-3010.

Iwata, Tsuyoshi; Orpiszewski, Tomasz; Thompson, Mark (2024). Betting Against ESG Sinners: Evidence From Short Selling Around the World. SSRN 4818314, University of Zurich.

Holzheu, Katharina. Financial advisors and the willingness to pay for sustainable finance products by private investors. 2024, University of Zurich, Faculty of Economics.

Krueger, Philipp; Sautner, Zacharias; Tang, Dragon Yongjun; Zhong, Rui (2024). The Effects of Mandatory ESG Disclosure Around the World. Journal of Accounting Research, 62(5):1795-1847.

Scolobig, Anna; Santos, Maria João; Willemin, Rémi; Kock, Richard; Battiston, Stefano; Petchey, Owen; Rohrer, Mario; Stoffel, Markus (2024). Learning from COVID-19: A roadmap for integrated risk assessment and management across shocks of pandemics, biodiversity loss, and climate change. Environmental Science & Policy, 155:103726.

Koch-Medina, Pablo; Munari, Cosimo (2024). Qualitative robustness of utility-based risk measures. Annals of Operations Research, 336(1-2):967-980.

Ryf, Stefan; Fasnacht, Daniel Peter; Fichter, Christian (2024). Wirtschaftliche Situation der KMU angespannter als im Vorjahr. Zürich: NZZ Verlag.

Fasnacht, Daniel; Proba, Daniel (2024). Leveraging inter-organizational agility for innovation. Strategy & leadership, 52(1):15-22.

Abedifar, Pejman; Kashizadeh, Seyed Javad; Ongena, Steven (2024). Flood, farms and credit: The role of branch banking in the era of climate change. Journal of Corporate Finance, 85:102544.

Moreno, Antonio; Ongena, Steven; Ventula Veghazy, Alexia; Wagner, Alexander F (2024). “Long GFC”? The global financial crisis, health care, and COVID‐19 deaths. Economic Inquiry, 62(2):865-891.

Wagner, Alexander (2024). Biodiversität und Finanzmärkte. Expert Focus, 4:105-110.

Colesanti Senni, Chiara; Goel, Skand; von Jagow, Adrian (2024). Economic and financial consequences of water risks: The case of hydropower. Ecological Economics, 218:108048.

Hałaj, Grzegorz; Martinez-Jaramillo, Serafin; Battiston, Stefano (2024). Financial stability through the lens of complex systems. Journal of Financial Stability, 71:101228.

Cronqvist, Henrik; Ladika, Tomislav; Pazaj, Elisa; Sautner, Zacharias (2024). Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation. Journal of Financial Economics, 154:103811.

Alessi, Lucia; Battiston, Stefano; Kvedaras, Virmantas (2024). Over with carbon? Investors’ reaction to the Paris Agreement and the US withdrawal. Journal of Financial Stability, 71:101232.

Mamonov, Mikhail; Ongena, Steven; Pestova, Anna (2024). Disasters and (Bank) Financing. Paris & London: CEPR Press.

Heeb, Florian; Kölbel, Julian; Ramelli, Stefano; Vasileva, Anna (2024). Sustainable Investing and Political Behavior. Swiss Finance Institute Research Paper 23-46, University of Zurich.

Hoepner, Andreas G F; Oikonomou, Ioannis; Sautner, Zacharias; Starks, Laura T; Zhou, Xiao Y (2024). ESG Shareholder Engagement and Downside Risk. Review of Finance, 28(2):483-510.

Puschmann, Thomas; Huang-Sui, Marine (2024). A taxonomy for decentralized finance. International Review of Financial Analysis, 92:103083.

Schimanski, Tobias; Reding, Andrin; Reding, Nico; Bingler, Julia; Kraus, Mathias; Leippold, Markus (2024). Bridging the gap in ESG measurement: Using NLP to quantify environmental, social, and governance communication. Finance Research Letters, 61:104979.

Gropp, Reint; Mosk, Thomas; Ongena, Steven; Simac, Ines; Wix, Carlo (2024). Supranational Rules, National Discretion: Increasing versus Inflating Regulatory Bank Capital? Journal of Financial and Quantitative Analysis, 59(2):830-862.

Ongena, Steven (2024). Which banks for green growth? A review and a tentative research agenda. Journal of Sustainable Finance and Accounting, 1:100001.

Coculescu, Delia; Visentin, Gabriele (2024). A default system with overspilling contagion. Frontiers of Mathematical Finance, 3(1):127-162.

Swiac, Oskar. The Role of the US Dollar in Global Monetary System. 2024, University of Zurich, Faculty of Economics.

Gandré, Pauline; Mariathasan, Mike; Merrouche, Ouarda; Ongena, Steven (2024). Unintended Consequences of the Global Derivatives Market Reform. Journal of the European Economic Association:jvae010.

Epper, Thomas F; Fehr-Duda, Helga (2024). Risk in Time: The Intertwined Nature of Risk Taking and Time Discounting. Journal of the European Economic Association, 22(1):310-354.

Andrieş, Alin Marius; Chiper, Alexandra Maria; Ongena, Steven; Sprincean, Nicu (2024). External wealth of nations and systemic risk. Journal of Financial Stability, 70:101192.

Benincasa, Emanuela; Betz, Frank; Gattini, Luca (2024). How do firms cope with losses from extreme weather events? Journal of Corporate Finance, 84:102508.

Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven (2024). Leverage ratio, risk-based capital requirements, and risk-taking in the United Kingdom. Financial markets, institutions & instruments, 33(1):31-60.

Fasnacht, Daniel; Straube, Christian (2024). Quantum computing as an enabling technology for the next business cycle. HMD Praxis der Wirtschaftsinformatik, 61(1):284-298.

Meisser, Luzius. Essays in decentralized finance. 2024, University of Zurich, Faculty of Economics.

Svaton, Michal. Essays in volatility. 2024, University of Zurich, Faculty of Economics.

Ritz Bossicard, Cornelia; Gruber-Durrer, Mirjam; Maranghino-Singer, Brigitte; Savoia, Reto; Grampp, Michael; Laude, Daniel (2024). Nachhaltigkeit im Verwaltungsrat - gekommen, um zu bleiben. Zürich: swissVR.

Hilber, Christian (2024). Economic challenges to the UK: Housing and planning. In: Portes, Jonathan; Menon, Anand. The State of the UK Economy 2024. London: King’s College London, 51-53.

Nyborg, Kjell G; Pasche, Cyril (2024). Central Banks: Money, Policies, and Impact. Zürich: Swiss Finance Institute.

Delis, Manthos; Galariotis, Emilios; Iosifidi, Maria; Ongena, Steven (2024). Corporate taxes and economic inequality: A credit channel. cepr.org: Centre for Economic Policy Research (CEPR).

Kölbel, Julian; Leippold, Markus; Rillaerts, Jordy; Wang, Qian (2024). Ask BERT: How Regulatory Disclosure of Transition and Physical Climate Risks affects the CDS Term Structure. Journal of Financial Econometrics, 22(1):30-69.

Fasnacht, Daniel. Virtuelle Konsumwelten –Trends mit Risiken: Gastkommentar. In: Neue Zürcher Zeitung, 19 January 2024, 21.

Ceccarelli, Marco; Ramelli, Stefano; Wagner, Alexander (2024). Low carbon mutual funds. Review of Finance, 28(1):45-74.

Cornelli, Giulio; Doerr, Sebastian; Gambacorta, Leonardo; Merrouche, Ouarda (2024). Regulatory Sandboxes and Fintech Funding: Evidence from the UK. Review of Finance, 28(1):203-233.

Fasnacht, Daniel (2024). Beyond the hype: sensitive data on the blockchain. cryptovalleyjournal.com: CV Publishing AG.

Von Alten, Lucas. How primary dealer privileges relate to overpricing occurrences in EMU government bond auctions. 2024, University of Zurich, Faculty of Economics.

Li, Xiaoyang; Feng, Haoming; Yang, Hailong; Huang, Jiyuan (2024). Can ChatGPT reduce human financial analysts’ optimistic biases? Economic and Political Studies, 12(1):20-33.

Albertazzi, Ugo; Fringuellotti, Fulvia; Ongena, Steven (2024). Fixed rate versus adjustable rate mortgages: Evidence from euro area banks. European Economic Review, 161:104643.

Fasnacht, Daniel (2024). Open and Digital Ecosystems: Added Value Through Industry and Technology Convergence (English Edition). Wiesbaden: Springer.

Keil, Jan; Ongena, Steven (2024). The demise of branch banking - Technology, consolidation, bank fragility. Journal of Banking and Finance, 158:107038.

Oser, Kevin. Corporate Green Bonds: Greenwashing or Credible Signal? 2024, University of Zurich, Faculty of Economics.

Gaegauf, Luca. Essays in finance. 2024, University of Zurich, Faculty of Economics.

Matyunina, Alexandra. Essays on bank credit supply. 2024, University of Zurich, Faculty of Economics.

Cornelli, Giulio. Essays on fintech and digital currencies. 2024, University of Zurich, Faculty of Economics.

Farkas, Walter; Ferrari, Francesco; Ulrych, Urban (2024). Pricing autocallables under local-stochastic volatility. In: Yarrow, Robert A; Madan, Dilip. Peter Carr Gedenkschrift: Research Advances in Mathematical Finance. Singapore: World Scientific Pulishing, 329-378.

Rillaerts, Jordy. Three essays in empirical finance. 2024, University of Zurich, Faculty of Economics.

2023

Ni, Jingwei; Bingler, Julia; Colesanti Senni, Chiara; Kraus, Mathias; Gostlow, Glen; Schimanski, Tobias; Stammbach, Dominik; Ashraf Vaghefi, Saeid; Wang, Qian; Webersinke, Nicolas; Wekhof, Tobias; Yu, Tingyu; Leippold, Markus (2023). CHATREPORT: Democratizing Sustainability Disclosure Analysis through LLM-based Tools. In: The 2023 Conference on Empirical Methods in Natural Language Processing, Singapore, Singapore, 6 December 2023 - 10 December 2023. Association for Computational Linguistics, 21-51.

Schimanski, Tobias; Bingler, Julia; Kraus, Mathias; Hyslop, Camilla; Leippold, Markus (2023). ClimateBERT-NetZero: Detecting and Assessing Net Zero and Reduction Targets. In: The 2023 Conference on Empirical Methods in Natural Language Processing, Singapore, Singapore, 6 December 2023 - 10 December 2023. Association for Computational Linguistics, 15745-15756.

Battiston, Stefano; Monasterolo, Irene; Montone, Maurizio (2023). Technological greenness and long-run performance. SSRN 4639787, University of Zurich.

Gibson Brandon, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, Alexander F (2023). Earnings Management and the Role of Moral Values in Investing. European Accounting Review:Epub ahead of print.

Farkas, Walter. Anlegen mit KI - Herausforderung und Chance. In: Finanz und Wirtschaft, 101, 21 December 2023, 15.

Hens, Thorsten; Walter, Sylvia. "Das süsse Gift der Gewinne vergiftet mich": Interview mit Thorsten Hens: Der Professor am Institut für Banking und Finance erwartet für das kommende Jahr weniger Aktienperformance als in 2023. In: Finanz und Wirtschaft, 20 December 2023, 15-16.

Tanner, Carmen; Witt, Nicole (2023). The Many Facets of Workplace Moral Courage: Development and Validation of a Multidimensional Scale. SSRN 4670864, University of Zurich.

Chesney, Marc. The Smell Of Hypocrisy In Dubai. In: The London Economic Newspaper, 19 December 2023, online.

Andraszewicz, Sandra; Kaszás, Dániel; Zeisberger, Stefan; Hölscher, Christoph (2023). The influence of upward social comparison on retail trading behaviour. Scientific Reports, 13(1):22713.

Vaghefi, Saeid Ashraf; Stammbach, Dominik; Muccione, Veruska; Bingler, Julia; Ni, Jingwei; Kraus, Mathias; Allen, Simon; Colesanti-Senni, Chiara; Wekhof, Tobias; Schimanski, Tobias; Gostlow, Glen; Yu, Tingyu; Wang, Qian; Webersinke, Nicolas; Huggel, Christian; Leippold, Markus (2023). ChatClimate: Grounding conversational AI in climate science. Communications Earth & Environment, 4:480.

Erten, Irem; Ongena, Steven (2023). Environmental risk and bank lending. London: VoxEU, CEPR Policy Portal.

Paolella, Marc; Polak, Pawel; Walker, Patrick S (2023). Risk Parity Portfolio Optimization under Heavy-Tailed Returns and Time-Varying Volatility. SSRN 4652551, University of Zurich.

Tanner, Carmen; Groos, Ann-Sophie (2023). A Cybernetic Perspective on Escalation: Lessons from the Volkswagen Emissions Scandal. SSRN 4191411, University of Zurich.

Gao, Mingze; Huang, Yunying; Ongena, Steven; Wu, Eliza (2023). Banking on knowledge: Technology expertise and loan costs. London: VoxEU, CEPR Policy Portal.

De Haas, Ralph; Lu, Liping; Ongena, Steven (2023). Close competitors? Bilateral bank competition and spatial variation in firms’ access to credit. Journal of Economic Geography, 23(6):1237-1271.

Ongena, Steven; Paraschiv, Florentina; Reite, Endre J (2023). Counteroffers and Price Discrimination in Mortgage Lending. Journal of Empirical Finance, 74:101431.

Puschmann, Thomas; Quattrocchi, Dario (2023). Decreasing the impact of climate change in value chains by leveraging sustainable finance. Journal of Cleaner Production, 429:139575.

Leippold, Markus; Yang, Hanlin (2023). Mixed-Frequency Predictive Regressions. Journal of Forecasting, 42(8):1955-1972.

Sautner, Zacharias; van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen (2023). Pricing climate change exposure. Management Science, 69(12):7540-7561.

D’Ercole, Francesco; Wagner, Alexander F (2023). The green energy transition and the 2023 Banking Crisis. Finance Research Letters, 58:104493.

Alessi, Lucia; Battiston, Stefano (2023). Taxonomy-alignment and transition risk: a country-level approach. JRC Working Papers in Economics and Finance JRC135889, University of Zurich.

Mamatzakis, Emmanuel; Ongena, Steven; Tsionas, Mike G (2023). Why do households repay their debt in UK during the COVID-19 crisis? Journal of Economic Studies, 50(8):1789-1823.

Braggion, Fabio; Von Meyerinck, Felix; Schaub, Nic (2023). Inflation and Individual Investors' Behavior: Evidence from the German Hyperinflation. Review of Financial Studies, 36(12):5012-5045.

Custodio, Claudia; Ferreira, Miguel; Garcia-Appendini, Emilia (2023). Indirect Costs of Financial Distress. Review of Finance, 27(6):2233-2270.

Hager, Diego M; Nitschka, Thomas (2023). Responses of Swiss interest rates and stock prices to ECB policy surprises. Swiss Journal of Economics and Statistics = Schweizerische Zeitschrift für Volkswirtschaft und Statistik, 159:13.

Bressan, Giacomo; Duranovic, Anja; Monasterolo, Irene; Battiston, Stefano (2023). Asset-level assessment of climate physical risk matters for adaptation finance. SSRN 4062275, University of Zurich.

Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; Wagner, Alexander (2023). Conflicted Analysts and Initial Coin Offerings. Management Science, 69(11):6641-6666.

Akyildirim, Erdinc; Cepni, Oguzhan; Corbet, Shaen; Uddin, Gazi Salah (2023). Forecasting mid-price movement of Bitcoin futures using machine learning. Annals of Operations Research, 330(1-2):553-584.

Böhnke, Victoria; Ongena, Steven; Paraschiv, Florentina; Reite, Endre J (2023). Back to the roots of internal credit risk models: Does risk explain why banks' risk-weighted asset levels converge over time? Journal of Banking and Finance, 156:106992.

Fasnacht, Daniel (2023). Offene und digitale Ökosysteme: Mehrwert durch Branchen- und Technologiekonvergenz. Berlin: Springer Fachmedien Wiesbaden GmbH.

Weingärtner, Tim; Fasser, Fabian; Reis Sá da Costa, Pedro; Farkas, Walter (2023). Deciphering DeFi: A Comprehensive Analysis and Visualization of Risks in Decentralized Finance. Journal of Risk and Financial Management, 16(10):454.

Rey, Reto. Three Essays in Small Business and Consumer Finance. 2023, University of Zurich, Faculty of Economics.

Cooper, Ian A; Nyborg, Kjell G (2023). LBO Valuation Using Flows-to-Equity. In: Cumming, Douglas; Hammer, Benjamin. The Palgrave Encyclopedia of Private Equity. Cham: Palgrave Macmillan, 153.

Strauß, Nadine; Krakow, Jonathan; Chesney, Marc (2023). It’s the News, Stupid! The Relationship Between News Attention, Literacy, Trust, Greenwashing Perceptions and Sustainable Finance Investment in Switzerland. Journal of Sustainable Finance & Investment, 13(4):1480-1505.

Basten, Christoph; Mariathasan, Mike (2023). Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of central bank reserves. Journal of Financial Stability, 68:101160.

Nistor, Simona; Ongena, Steven (2023). The Impact of Policy Interventions on Systemic Risk across Banks. Journal of Financial Services Research, 64(2):155-206.

Arce, Oscar; García-Posada, Miguel; Mayordomo, Sergio; Ongena, Steven (2023). Bank lending policies and monetary policy: some lessons from the negative interest era. Economic Policy, 38(116):899-941.

Braggion, Fabio; Von Meyerinck, Felix; Schaub, Nic; Weber, Michael (2023). The long-term effects of inflation on inflation expectations. London: VoxEU, CEPR Policy Portal.

Eichholtz, Piet; Ongena, Steven; Simeth, Nagihan; Yönder, Erkan (2023). Banks, non-banks, and the incorporation of local information in CMBS loan pricing. Journal of Banking and Finance, 154:106918.

Durrer, Mirjam; Grampp, Michael; Laude, Daniel; Maranghino-Singer, Brigitte; Ritz Bossicard, Cornelia; Savoia, Reto (2023). Cyber-Resilienz - Steigende Bedeutung für Verwaltungsräte. Rotkreuz: swissVR.

Cooper, Ian Anthony; Nyborg, Kjell G (2023). LBO Valuation Using Flows to Equity. Swiss Finance Institute Research Paper 23-74, University of Zurich.

Eugster, Patrick; Uhl, Matthias W (2023). Technical analysis: Novel insights on contrarian trading. European financial management, 29(4):1160-1190.

Braggion, Fabio; von Meyerinck, Felix; Schaub, Nic; Weber, Michael (2023). The long-term effects of inflation on inflation expectations. Vienna: SUERF - The European Money and Finance Forum.

Kubler, Felix; Scheidegger, Simon (2023). Uniformly self-justified equilibria. Journal of Economic Theory, 212:105707.

Katsarov, Johannes; Schmocker, David; Tanner, Carmen; Christen, Markus (2023). Moral Sensitivity Training - A Systematic Review. SSRN 4551778, University of Zurich.

Hoepner, Andreas G F; Klausmann, Johannes; Leippold, Markus; Rillaerts, Jordy (2023). Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure. Swiss Finance Institute Research Paper 23-10, Swiss Finance Institute.

Fenneman, Achiel; Janssen, Dirk-Jan; Nolte, Sven; Zeisberger, Stefan (2023). Nomen est omen? How and when company name fluency affects return expectations. PLoS ONE, 18(8):e0287995.

Nyborg, Kjell G; Woschitz, Jiri (2023). The price of money: The reserves convertibility premium over the term structure. CEPR Discussion Papers 18371, University of Zurich.

Braggion, Fabio; von Meyerinck, Felix; Schaub, Nic; Weber, Michael (2023). The Long-term Effects of Inflation on Inflation Expectations. Chicago: Becker Friedman Institute.

Basten, Christoph; Juelsrud, Ragnar (2023). Cross-Selling in Bank-Household Relationships: Mechanisms and Implications for Pricing. Review of Financial Studies:Epub ahead of print.

Kölbel, Julian; Zeisberger, Stefan; Heeb, Florian; Paetzold, Falko (2023). Do Investors Care About Impact? SSRN 3765659, University of Zurich.

Hoyer, Karlijn; Zeisberger, Stefan; Breugelmans, Seger M; Zeelenberg, Marcel (2023). A culture of greed: Bubble formation in experimental asset markets with greedy and non-greedy traders. Journal of Economic Behavior & Organization, 212:32-52.

Geng, Runjie; Kubler, Felix (2023). Stochastic overlapping generations with non-convex budget sets. Journal of Mathematical Economics, 107:102866.

Albertazzi, Ugo; Bottero, Margherita; Gambacorta, Leonardo; Ongena, Steven (2023). Asymmetric information and the securitization of SME loans. Swiss Finance Institute Research Paper 21-13, Swiss Finance Institute.

Doskov, Nikolay; Hens, Thorsten; Schenk-Hoppe, Klaus Reiner (2023). Strategic complementarity and substitutability of investment strategies. Swiss Finance Institute Research Paper 22-04, University of Zurich.

Calice, Pietro; Demekas, Dimitrios G; Battiston, Stefano; Monasterolo, Irene; Duggan, Victor Fitzpatrick (2023). Mobilizing Finance for the Just Energy Transition in the European Union. Washington, DC: World Bank Group.

Leippold, Markus; Stammbach, Dominik; Webersinke, Nicolas; Bingler, Julia Anna; Kraus, Mathias (2023). A dataset for detecting real-world environmental claims. In: 61st Annual Meeting of the Association for Computational Linguistics (ACL’23), Toronto, Canada, 9 July 2023 - 14 July 2023. arxiv.org, 1-14.

Leippold, Markus; Stammbach, Dominik; Webersinke, Nicolas; Bingler, Julia Anna; Kraus, Mathias (2023). Environmental Claim Detection. In: 61st Annual Meeting of the Association for Computational Linguistics (ACL’23), Toronto, Canada, 9 July 2023 - 14 July 2023. Association for Computational Linguistics, 1051-1066.

Leippold, Markus; Ni, Jingwei; Jin, Zhijing; Wang, Qian; Sachan, Mrinmaya (2023). When does aggregating multiple skills with multi-task learning work? A case study in financial NLP. In: 61st Annual Meeting of the Association for Computational Linguistics (ACL’23), Toronto, Canada, 9 July 2023 - 14 July 2023. Association for Computational Linguistics, 7465-7488.

Leippold, Markus (2023). Sentiment spin: Attacking financial sentiment with GPT-3. Finance Research Letters, 55(B):103957.

Braggion, Fabio; Von Meyerinck, Felix; Schaub, Nic; Weber, Michael (2023). The long-term effects of inflation on inflation expectations. Chicago Booth Paper 23-13, University of Zurich.

Basten, Christoph; Füss, Roland; Häfliger, Petra S; Küng, Lorenz; Salzmann, Daniel; Schläpfer, Jörg (2023). Insights Into Today’s Real Estate Market - A Focus on Switzerland. Zürich: Swiss Finance Institute.

Kubler, Felix; Scheidegger, Simon (2023). Uniformly self-justified equilibria. SSRN 3995209.

Bachmann, Kremena; Hens, Thorsten; Lot, Andre; Xu, Xiaogeng (2023). Experimental research on retirement decision-making: evidence from replications. Journal of Banking and Finance, 152:106851.

Ceccarelli, Marco; Herpfer, Christoph; Ongena, Steven (2023). Gender, performance, and promotion in the labor market for commercial bankers. Swiss Finance Institute Research Paper 23-23, Swiss Finance Institute.

Beck, Elliot; De Nard, Gianluca; Wolf, Michael (2023). Improved inference in financial factor models. International Review of Economics and Finance, 86:364-379.

Huang, Jiyuan; Östberg, Per (2023). Difference-in-differences with Economic Factors and the Case of Housing Returns. Swiss Finance Institute Research Paper 23-55, University of Zurich.

Coculescu, Delia; Pham, Huyen; Motte, Mederic (2023). Opinion dynamics in communities with major influencers and implicit social influence via mean-field approximation. ArXiv.org 2306.16553, Cornell University.

Orlov, Vitaly; Ramelli, Stefano; Wagner, Alexander (2023). Revealed Beliefs about Responsible Investing: Evidence from Mutual Fund Managers. Swiss Finance Institute Research Paper 22-98, University of Zurich.

Pohl, Stefan; Pursiainen, Vesa (2023). The Role of Stock Indices in Analyst Career Outcomes and Stock Recommendations. Swiss Finance Institute Research Paper 23-50, University of Zurich.

Ilhan, Emirhan; Krueger, Philipp; Sautner, Zacharias; Starks, Laura T (2023). Climate risk disclosure and institutional investors. Review of Financial Studies, 36(7):2617-2650.

Evstigneev, Igor V; Hens, Thorsten; Javad Vanaei, Mohammad (2023). Evolutionary Finance: A model with endogenous asset payoffs. Journal of Bioeconomics, 25:117-143.

Sautner, Zacharias; Van Lent, Laurence; Vilkov, Grigory; Zhang, Ruishen (2023). Firm‐level climate change exposure. Journal of Finance, 78(3):1449-1498.

Bedendo, Mascia; Garcia-Appendini, Emilia; Siming, Linus (2023). Managers' cultural origin and corporate response to an economic shock. Journal of Corporate Finance, 80:102412.

Wagner, Alexander; Wenk, Christoph (2023). Switzerland. In: Gugler, Klaus; Peev, Evgeni. The European Corporation: Ownership and Control after 25 Years of Corporate Governance Reforms. Cambridge: Cambridge University Press, 108-148.

Akyildirim, Erdinc; Corbet, Shaen; Tiniç, Murat; Sensoy, Ahmet (2023). Adverse selection in cryptocurrency markets. The journal of financial research, 46(2):497-546.

Crépellière, Tommy; Pelster, Matthias; Zeisberger, Stefan (2023). Arbitrage in the market for cryptocurrencies. Journal of financial markets, 64:100817.

Munari, Cosimo; Weber, Stefan; Wilhelmy, Lutz (2023). Capital requirements and claims recovery: A new perspective on solvency regulation. The Journal of risk and insurance, 90(2):329-380.

Ongena, Steven; Delis, Manthos D; Dioikitopoulos, Evangelos V (2023). Population diversity and financial risk-taking. Journal of Banking and Finance, 151:106852.

Huang, Winifred; Molyneux, Philip; Ongena, Steven; Xie, Ru (2023). The new challenges of global banking and finance. The European Journal of Finance, 29(7):693-699.

Fuhrer, Adrian; Hock, Thorsten (2023). Uncertainty in the black-litterman model: empirical estimation of the equilibrium. Journal of Empirical Finance, 72:251-275.

Huber, Christoph; Dreber, Anna; Huber, Jürgen; Johannesson, Magnus; Kirchler, Michael; Weitzel, Utz; Abellán, Miguel; Adayeva, Xeniya; Ay, Fehime Ceren; Barron, Kai; Berry, Zachariah; Bönte, Werner; Brütt, Katharina; Bulutay, Muhammed; Campos-Mercade, Pol; Cardella, Eric; Claassen, Maria Almudena; Cornelissen, Gert; Dawson, Ian G J; Delnoij, Joyce; Demiral, Elif E; Dimant, Eugen; Doerflinger, Johannes Theodor; Dold, Malte; Emery, Cécile; Fiala, Lenka; Fiedler, Susann; Freddi, Eleonora; Fries, Tilman; Zeisberger, Stefan (2023). Competition and moral behavior: A meta-analysis of forty-five crowd-sourced experimental designs. Proceedings of the National Academy of Sciences of the United States of America, 120(23):e22155721.

Iwata, Tsuyoshi; Weibel, Marc (2023). A Factor-Tilt Approach to ESG Investing. SSRN 4456943, University of Zurich.

Barjašić, Irena; Battiston, Stefano; Zlatić, Vinko (2023). Credit Valuation Adjustment in Financial Networks. ArXiv.org 2305.16434, University of Zurich.

Mão-de-Ferro, Ana; Ramelli, Stefano (2023). Inflation, the corporate greed narrative, and the value of corporate social responsibility. Swiss Finance Institute Research Paper 23-06, University of Zurich.

Filipovic, Zoran; Wagner, Alexander (2023). The Intangibles Song in Takeover Announcements: Good Tempo, Hollow Tune. Swiss Finance Institute Research Paper 19-03, University of Zurich.

Wagner, Alexander; Deng, Ming; Leippold, Markus; Wang, Qian (2023). War and Policy: Investor Expectations on the Net-Zero Transition. Swiss Finance Institute Research Paper 22-29, University of Zurich.

Folini, Doris; Friedl, Aleksandra; Kübler, Felix; Scheidegger, Simon (2023). The climate in climate economics. SSRN 3885021.

Ulrych, Urban; Cirulli, Antonello; Kobak, Michal (2023). Portfolio Construction with Hierarchical Momentum. SSRN 4125072, University of Zurich.

Anderson, David R; Ulrych, Urban (2023). Accelerated American option pricing with deep neural networks. Quantitative Finance and Economics, 7(2):207-228.

Hediger, Simon; Näf, Jeffrey; Wolf, Michael (2023). R-NL: covariance matrix estimation for elliptical distributions based on nonlinear shrinkage. ArXiv.org 2210.14854, Cornell University.

Brumm, Johannes; Feng, Xiangyu; Kotlikoff, Laurence J; Kubler, Felix (2023). When interest rates go low, should public debt go high? NBER Working Paper Series 28951, National Bureau of Economic Research (NBER).

Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven (2023). On-Site inspecting zombie lending. Management Science, 69(5):2547-3155.

Fasnacht, Daniel; Ryf, Stefan; Siegenthaler, Perina; Fichter, Christian (2023). Schweizer KMU: Gute Stimmung trotz neuen Herausforderungen: Lieferkettenproblematik entspannt sich, künstliche Intelligenz als Chance: Ergebnisbericht. Zürich: NZZ.

Leippold, Markus (2023). Thus spoke GPT-3: Interviewing a large-language model on climate finance. Finance Research Letters, 53:103617.

Hediger, Simon; Näf, Jeffrey; Paolella, Marc S; Polak, Pawel (2023). Heterogeneous Tail Generalized Common Factor Modeling. Digital Finance, 5:389-420.

Basten, Christoph; Juelsrud, Ragnar (2023). Cross-Selling in Bank Household Relationships: Implications for Deposit Pricing, Loan Pricing, and Monetary Policy. Swiss Finance Institute Research Paper 22-65, University of Zurich.

Heeb, Florian; Kölbel, Julian F; Paetzold, Falko; Zeisberger, Stefan (2023). Do investors care about impact? Review of Financial Studies, 36(5):1737-1787.

Yang, Hanlin (2023). Behavioral Anomalies in Cryptocurrency Markets. SSRN 3174421, University of Zurich.

Kotlikoff, Laurence J; Kubler, Felix; Polbin, Andrey; Scheidegger, Simon (2023). Can today's and tomorrow's world uniformly gain from carbon taxation? NBER Working Paper Series 29224, National Bureau of Economic Research (NBER).

Chesney, Marc. Credit Suisse: The Party is Over. In: The London Economic Newspaper, 1 April 2023, online.

Fasnacht, Daniel. Das Revival von Open Innovation. In: Unternehmerzeitung, 2, 1 April 2023, 40-42.

Schmocker, David; Tanner, Carmen; Katsarov, Johannes; Christen, Markus (2023). Moral sensitivity in business: A revised measure. Current Psychology, 42(12):10277-10291.

Chesney, Marc. Credit Suisse: la fête est finie. In: Le Temps, 27 March 2023, 10.

Garel, Alexandre; Romec, Arthur; Sautner, Zacharias; Wagner, Alexander (2023). Do Investors Care About Biodiversity? Swiss Finance Institute Research Paper 23-10, University of Zurich.

Briere, Marie; Ramelli, Stefano (2023). Green Sentiment, Stock Returns, and Corporate Behavior. SSRN 3850923, University of Zurich.

Kabas, Gazi; Roszbach, Kasper (2023). The price of leverage: learning from the effect of LTV constraints on job search and wages. SSRN 3835232, University of Zurich.

De Nard, Gianluca; Zhao, Zhao (2023). Using, Taming or Avoiding the Factor Zoo? A Double-Shrinkage Estimator for Covariance Matrices. SSRN 3914867, University of Zurich.

Elmiger, Sabine; Hens, Thorsten (2023). Ökonomische Grundlagen der Finanzwirtschaft : Von der Main Street zur Wall Street. Cham: Springer.

Hausfeld, Jan; Renerte, Baiba; Twardawski, Torsten (2023). Male and overconfident groups overinvest due to inflated perceived ability to beat the odds. Frontiers in behavioral economics, 2:1111317.

Paolella, Marc S; Polak, Paweł (2023). Density and Risk Prediction with Non-Gaussian COMFORT Models. Annals of Financial Economics, 18(01):2250033.

Cornelli, Giulio; Frost, Jon; Gambacorta, Leonardo; Rau, P Raghavendra; Wardrop, Robert; Ziegler, Tania (2023). Fintech and big tech credit: drivers of the growth of digital lending. Journal of Banking and Finance, 148:106742.

Toczynski, Jan (2023). Spend or invest? Analyzing MPC heterogeneity across three stimulus programs. Swiss Finance Institute Research Paper 23-57, Swiss Finance Institute.

Burietz, Aurore; Ongena, Steven; Picault, Matthieu (2023). Taxing banks leverage and syndicated lending: A cross-country comparison. International Review of Law and Economics, 73:106103.

Chesney, Marc; Lambillon, Adrien-Paul (2023). How green is ‘dark green’? An analysis of SFDR Article 9 funds. SSRN 4366889.

Riahi, Monireh; Kubler, Felix; Basiri, Abdolali; Rahmany, Sajjad (2023). Efficient Calculation of all Steady States in large-scale overlapping generations models. Journal of Mathematics and Modeling in Finance, 3(1):15-48.

Basten, Christoph; Kukk, Merike; Toczynski, Jan (2023). Beyond the headline: how personal inflation exposure shapes households’ financial choices. Swiss Finance Institute Research Paper 23-15, Swiss Finance Institute.

Habib, Michel; Peng, Yushi; Wang, Yanjie; Wang, Zexi (2023). The Implementation of Central Bank Policy in China: The Roles of Commercial Bank Ownership and CEO Faction Membership. CEPR Discussion Papers 17918, University of Zurich.

Puschmann, Thomas; Huang-Sui, Marine (2023). A taxonomy for Decentralized Finance. SSRN 4360067.

Kölbel, Julian; Lambillon, Adrien-Paul (2023). Who Pays for Sustainability? An Analysis of Sustainability-Linked Bonds. Swiss Finance Institute Research Paper 23-07, University of Zurich.

Ulrych, Urban; Polak, Pawel (2023). Dynamic Currency Hedging with Non-Gaussianity and Ambiguity. Swiss Finance Institute Research Paper 21-60, University of Zurich.

Cerqueiro, Geraldo; Mão-de-Ferro, Ana; Penas, María Fabiana (2023). Political uncertainty and the geographic allocation of credit: evidence from small businesses. TILEC Discussion Paper DP 2020-00, University of Zurich.

Leippold, Markus (2023). Sentiment spin: attacking financial sentiment with GPT-3. Swiss Finance Institute Research Paper 23-11, Swiss Finance Institut.

Collard, Fabrice; Habib, Michel; Panizza, Ugo; Rochet, Jean-Charles (2023). Assessing Debt Sustainability in the Euro Area. cepr.org: VoxEU, CEPR Policy Portal.

Büchel, Berno; Mechtenberg, Lydia; Wagner, Alexander (2023). When do proxy advisors improve corporate decisions? Swiss Finance Institute Research Paper 22-47, University of Zurich.

Wagner, Alexander; Wenk, Christoph (2023). Say-on-Pay and Shareholder Value: The Tension between Agency and Hold-up. Swiss Finance Institute Research Paper 11-12, University of Zurich.

Hens, Thorsten; Ding-Hirschfeld, Mei (2023). Personality Traits and Investment Styles. Swiss Finance Institute Research Paper 22-16, University of Zurich.

D'Ercole, Francesco; Wagner, Alexander F (2023). Green Stocks and the 2023 Banking Crisis. Swiss Finance Institute Research Paper 23-58, University of Zurich.

Leippold, Markus; Svatoň, Michal (2023). Trend and Reversal of Idiosyncratic Volatility Revisited. Critical Finance Review, 12(1-4):171-202.

Efing, Matthias; Hau, Harald; Kampkötter, Patrick; Rochet, Jean-Charles (2023). Bank bonus pay as a risk sharing contract. Review of Financial Studies, 36(1):235-280.

Garcia-Appendini, Emilia; Gatti, Stefano; Nocera, Giacomo (2023). Does asset encumbrance affect bank risk? Evidence from covered bonds. Journal of Banking and Finance, 146:106705.

Akyildirim, Erdinc; Nguyen, Duc Khuong; Sensoy, Ahmet; Sikic, Mario (2023). Forecasting high‐frequency excess stock returns via data analytics and machine learning. European financial management, 29(1):22-75.

Brumm, Johannes; Grill, Michael; Kubler, Felix; Schmedders, Karl (2023). Re-use of collateral: Leverage, volatility, and welfare. Review of Economic Dynamics, 47:19-46.

Kok, Christoffer; Müller, Carola; Ongena, Steven; Pancaro, Cosimo (2023). The disciplining effect of supervisory scrutiny in the EU-wide stress test. Journal of Financial Intermediation, 53:101015.

Accetturo, Antonio; Barboni, Giorgia; Cascarano, Michele; Garcia-Appendini, Emilia (2023). The role of culture in firm-bank matching. Journal of Financial Intermediation, 53:101018.

Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven (2023). Uncoordinated climate policies: Implications for cross-border lending. econpol Forum, 24(1):28-30.

Zheng, Jiani. Climate Change, Biodiversity Losses and Financial Risks. 2023, University of Zurich, Faculty of Economics.

Deng, Ming. Corporate Communication and News Media in the Financial Market. 2023, University of Zurich, Faculty of Economics.

Fasnacht, Daniel (2023). Demokratisierung im Gesundheitswesen: Dezentrale Gesundheitsdaten. Schweizerische Ärztezeitung (SÄZ), 48(104):25.

Fasnacht, Daniel; Fabig, Andri. Die digitale Disruption bewältigen. In: Computerworld Schweiz, 6, 2023, 78-79.

Aevoae, George-Marian; Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu (2023). ESG and systemic risk. Applied Economics, 55(27):3085-3109.

Toczynski, Jan. Essays in Empirical Finance. 2023, University of Zurich, Faculty of Economics.

Huang, Jiyuan. Factor structure and Machine Learning in Finance. 2023, University of Zurich, Faculty of Economics.

Bergesio, Andrea. Frictional costs in insurance. 2023, University of Zurich, Faculty of Economics.

Qi, Shusen; Hui, Kent Ngan-Cheung; Ongena, Steven (2023). Inter-industry FDI spillovers from foreign banks: Evidence in transition economies. Financial Management, 52(1):97-126.

Fu, Jonathan; Krauss, Annette (2023). Preparing fertile ground: how does the quality of business environments affect MSE growth? Small Business Economics:online.

Mamatzakis, Emmanuel C; Ongena, Steven; Tsionas, Mike G (2023). The response of household debt to COVID-19 using a neural networks VAR in OECD. Empirical Economics, 65:65-91.

Meyer, Kevin. Three Essays in Finance. 2023, University of Zurich, Faculty of Economics.

Pohl, Stefan. Three Essays on Empirical Financial Intermediation. 2023, University of Zurich, Faculty of Economics.

Vargas, Carlos; Chesney, Marc (2023). What are you waiting to invest in grid-connected residential photovoltaics in California? Journal of Sustainable Finance & Investment, 13(1):660-677.

2022

Leippold, Markus; Hershcovich, Daniel; Bingler, Julia Anna; Kraus, Mathias; Webersinke, Nicolas (2022). Towards Climate Awareness in NLP Research. In: Empirical Methods in Natural Language Processing (EMNLP), Abu Dhabi, 7 December 2022 - 11 December 2022. Association for Computational Linguistics, 2480-2494.

Evstigneev, Igor V; Hens, Thorsten; Javad Vanaei, Mohammad (2022). Evolutionary finance: a model with endogenous asset payoffs. Swiss Finance Institute Research Paper 22-96, Swiss Finance Institute.

Farkas, Walter; Ferrari, Francesco; Ulrych, Urban (2022). Pricing autocallables under local-stochastic volatility. Frontiers of Mathematical Finance, 1(4):575-610.

Gersbach, Hans; Rochet, Jean-Charles; von Thadden, Ernst-Ludwig (2022). Public debt and the balance sheet of the private sector. SSRN 4161747.

Pursiainen, Vesa; Toczynski, Jan (2022). Retail investors’ cryptocurrency investments. Swiss Finance Institute Research Paper 23-51, Swiss Finance Institute.

Giansante, Simone; Fatouh, Mahmoud; Ongena, Steven (2022). The asset reallocation channel of quantitative easing. The case of the UK. Journal of Corporate Finance, 77:102294.

Nyborg, Inke (2022). Papierenes Zahlungsversprechen: Wie Banknoten zu Bargeld wurden. Bulletin der Schweizerischen Akademie der Geistes- und Sozialwissenschaften (SAGW), 28(3):44-47.

Leippold, Markus; Wolff, Vincent Lars (2022). Stock Market Liquidity, Monetary Policy and the Business Cycle. Swiss Finance Institute Research Paper 22-93, University of Zurich.

Chitsiripanich, Soros; Paolella, Marc S; Polak, Pawel; Walker, Patrick (2022). Momentum Without Crashes. Swiss Finance Institute Research Paper 22-87, Swiss Finance Institute Research.

Leippold, Markus; Bingler, Julia Anna; Kraus, Mathias; Webersinke, Nicolas (2022). ClimateBert: A pretrained language model for climate-related text. In: AAAI Fall Symposium 2022, Arlington, Virginia, 17 November 2022 - 19 November 2022.

Azinovic, Marlon; Gaegauf, Luca; Scheidegger, Simon (2022). Deep Equilibrium Nets. International Economic Review, 63(4):1471-1525.

Paolella, Marc S; Polak, Pawel (2022). Density and Risk Prediction with Non-Gaussian COMFORT Models. Swiss Finance Institute Research Paper 22-88, University of Zurich.

Wagner, Alexander. Krisen und nachhaltige Investitionen. In: The Market, 9 November 2022, online.

Dzielinski, Michal; Eugster, Florian; Sjöström, Emma; Wagner, Alexander (2022). Do Firms Walk the Climate Talk? Swiss Finance Institute Research Paper 22-14, University of Zurich.

Zhu, Wu; Yang, Yucheng (2022). Networks and Business Cycles. SSRN 3718826, University of Zurich.

Luciano, Elisa; Rochet, Jean-Charles (2022). The fluctuations of insurers’ risk appetite. Journal of Economic Dynamics and Control, 144:104543.

Berger, Florian; Kölbel, Julian; Rigobon, Roberto (2022). Aggregate Confusion: The Divergence of ESG Ratings. Review of Finance, 26(6):1315-1344.

Paetzold, Falko; Busch, Timo; Utz, Sebastian; Kellers, Anne (2022). Between impact and returns: Private investors and the sustainable development goals. Business Strategy and the Environment, 31(7):3182-3197.

Nguyen, Duc Duy; Ongena, Steven; Qi, Shusen; Sila, Vathunyoo (2022). Climate Change Risk and the Cost of Mortgage Credit. Review of Finance, 26(6):1509-1549.

Rehbein, Oliver; Ongena, Steven (2022). Flooded through the back door: The role of bank capital in local shock spillovers. Journal of Financial and Quantitative Analysis, 57(7):2627-2658.

Fischbacher, Urs; Hausfeld, Jan; Renerte, Baiba (2022). Strategic incentives undermine gaze as a signal of prosocial motives. Games and Economic Behavior, 136:63-91.

Alessi, Lucia; Battiston, Stefano (2022). Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios. International Review of Financial Analysis, 84:102319.

Qi, Shusen; Ongena, Steven; Cheng, Hua (2022). Working with women, do men get all the credit? Small Business Economics, 59:1427-1447.

Custodio, Claudia; Ferreira, Miguel; Garcia-Appendini, Emilia (2022). Indirect Costs of Financial Distress. SSRN 3310941, University of Zurich.

Moreno, Antonio; Ongena, Steven; Ventula Veghazy, Alexia; Wagner, Alexander (2022). "Long GFC"? The Global Financial Crisis, Health Care, and Covid-19 Deaths. Swiss Finance Institute Research Paper 22-44, University of Zurich.

Battiston, Stefano; Monasterolo, Irene; van Ruijven, Bas J; Krey, Volker (2022). The NACE - CPRS - IAM mapping: A tool to support climate risk analysis of financial portfolio using NGFS scenarios. SSRN 4223606, University of Zurich.

Kübler, Felix (2022). Climate uncertainty, financial frictions and constrained efficient carbon taxation. ArXiv.org 2210.09066, Cornell University.

Leippold, Markus; Hershcovich, Daniel; Webersinke, Nicolas; Kraus, Mathias; Bingler, Julia Anna (2022). Towards climate awareness in NLP research. ArXiv.org 2205.05071, Cornell University.

Chesney, Marc. CS: la débâcle de Casino Suisse. In: Le Temps, 14 October 2022, online.

Auer, Raphael; Iwadate, Bruce; Schrimpf, Andreas; Wagner, Alexander (2022). Global Production Linkages and Stock Market Comovement. Swiss Finance Institute Research Paper 22-18, University of Zurich.

Zeisberger, Stefan (2022). Do People Care about Loss Probabilities? Journal of Risk and Uncertainty, 65:185-213.

Beyene, Winta; Falagiarda, Matteo; Ongena, Steven; Scopelliti, Alessandro (2022). Do lenders price the brown factor in car loans? Evidence from diesel cars. Swiss Finance Institute Research Paper 22-76, Swiss Finance Institute.

De Nard, Gianluca (2022). Oops! I Shrunk the Sample Covariance Matrix Again: Blockbuster Meets Shrinkage. Journal of Financial Econometrics, 20(4):569-611.

Auer, Raphael; Matyunina, Alexandra; Ongena, Steven (2022). The Countercyclical Capital Buffer and the Composition of Bank Lending. Journal of Financial Intermediation, 52:100965.

Fasnacht, Daniel; Baschek, Eckhard. "Mit Blockchain können Abhängigkeiten abgebaut werden" (Interview). In: Handelszeitung, 39, 29 September 2022, 30.

Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven (2022). Lending in a landscape of uncoordinated climate policies. : The Banker.

Fu, Jonathan; Krauss, Annette (2022). Preparing fertile ground: How does the quality of business environments affect MSE growth? SSRN 3532466, University of Zurich.

Berntsen, Philip; Leippold, Markus (2022). The Monetary Benefit of Tokenizing Renewable Energy. SSRN 4219222, University of Zurich.

Hens, Thorsten; Bachmann, Kremena; Lot, Andre; Xu, Xiaogeng (2022). Experimental Research on Retirement Decision-Making: Evidence from Reproductions. Swiss Finance Institute Research Paper 22-72, University of Zurich.

Woschitz, Jiri (2022). Central bank liquidity policy and the cross-section of bank equity returns. n/a n/a, University of Zurich.

Mishra, Mrinal; Ioannidou, Vasso; Fu, Jonathan (2022). Don’t Stay Put: Ride the (Credit) Wave. Centre for Banking Research Working Paper Series, Bayes Business School WP 02/22, University of London.

He, Qing; Huang, Jiyuan; Li, Dongxu; Lu, Liping (2022). Bank lending and CEO turnover: Evidence from China. n/a n/a, University of Zurich.

De Nard, Gianluca; Hediger, Simon; Leippold, Markus (2022). Subsampled Factor Models for Asset Pricing: The Rise of Vasa. Journal of Forecasting, 41(6):1217-1247.

Akyildirim, Erdinc; Cepni, Oguzhan; Pham, Linh; Uddin, Gazi Salah (2022). How connected is the agricultural commodity market to the news-based investor sentiment? Energy Economics, 113:106174.

Dyachenko, Artem; Ley, Patrick; Rieger, Marc Oliver; Wagner, Alexander F (2022). The Asset Allocation of Defined Benefit Pension Plans: The Role of Sponsor Contributions. Journal of Asset Management, 23:376-389.

Benincasa, Emanuela; Fu, Jonathan; Mishra, Mrinal; Paranjape, Adityavardhan (2022). Different Shades of Green: Estimating the Green Bond Premium using Natural Language Processing. SSRN 22-64,2022, University of Zurich.

Von Meyerinck, Felix; Pursiainen, Vesa; Schmid, Markus (2022). Competition and the Reputational Costs of Litigation. University of St.Gallen - School of Finance Research Paper 2020/07, University of Zurich.

Leippold, Markus; Wang, Qian; Zhou, Wenyu (2022). Machine-Learning in the Chinese Factor Zoo. Journal of Financial Economics, 145(2):64-82.

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, Alexander (2022). Earnings management and managerial honesty: the investors’ perspectives. Swiss Finance Institute Research Paper 17-03, University of Zurich.

Barbiero, Francesca; Burlon, Lorenzo; Dimou, Maria; Toczynski, Jan (2022). Targeted Monetary Policy, Dual Rates and Bank Risk Taking. ECB Working Paper 2022/2682, University of Zurich.

Chesney, Marc. «Uber Files» et corruption académique. In: Le Temps, 19 July 2022, online.

Matyunina, Alexandra; Ongena, Steven (2022). Bank capital buffer releases, public guarantee programs, and dividend bans in Covid-19 Europe: An appraisal. European Journal of Law and Economics, 54:127-152.

Leippold, Markus; Matthys, Felix (2022). Economic Policy Uncertainty and the Yield Curve. Review of Finance, 26(4):751-797.

Von Meyerinck, Felix; Braggion, Fabio; Schaub, Nic (2022). Inflation and Individual Investors' Behavior: Evidence from the German Hyperinflation. University of St.Gallen - School of Finance Research Paper 2021/07, University of Zurich.

Edmondson, Amy; Ferrère, Antoine; Renerte, Baiba; Rider, Chris (2022). Fostering Ethical Conduct Through Psychological Safety. MIT Sloan Management Review, 63(4):39-43.

De Nard, Gianluca; Zhao, Zhao (2022). A large-dimensional test for cross-sectional anomalies:Efficient sorting revisited. International Review of Economics and Finance, 80:654-676.

Gropp, Reint; Ongena, Steven; Rocholl, Jörg; Saadi, Vahid (2022). The cleansing effect of banking crises. Economic Inquiry, 60(3):1186-1213.

Dogru, Tarik; Akyildirim, Erdinc; Cepni, Oguzhan; Ozdemir, Ozgur; Sharma, Abhinav; Yilmaz, Muhammed Hasan (2022). The effect of environmental, social and governance risks. Annals of Tourism Research, 95:103432.

Hens, Thorsten; Schnetzer, Michael (2022). Evolutionary Finance for Multi-Asset Investors. Financial Analysts Journal, 78(3):115-127.

Collard, Fabrice; Habib, Michel; Panizza, Ugo; Rochet, Jean-Charles (2022). Debt Sustainability with Involuntary Default. CEPR Discussion Papers 17357, University of Zurich.

Fasnacht, Daniel (2022). Internationale Verflechtung: Garant für Frieden und Wachstum? : Wie Schweizer Unternehmen in unsicheren Zeiten die Zukunft sehen. Zürich: Kalaidos Fachhochschule - die Hochschule für Berufstätige.

Bingler, Julia Anna; Kraus, Mathias; Leippold, Markus; Webersinke, Nicolas (2022). Cheap talk and cherry-picking: What climatebert has to say on corporate climate risk disclosures. Finance Research Letters, 47:102776.

Hediger, Simon; Michel, Loris; Näf, Jeffrey (2022). On the use of random forest for two-sample testing. Computational Statistics & Data Analysis, 170:107435.

Akyildirim, Erdinc; Bariviera, Aurelio F; Nguyen, Duc Khuong; Sensoy, Ahmet (2022). Forecasting high-frequency stock returns: a comparison of alternative methods. Annals of Operations Research, 313:639-690.

Behnk, Sascha; Hao, Li; Reuben, Ernesto (2022). Shifting normative beliefs: On why groups behave more antisocially than individuals. European Economic Review, 145:104116.

Akyildirim, Erdinc; Fabozzi, Frank J; Göncü, Ahmet; Sensoy, Ahmet (2022). Statistical arbitrage in jump-diffusion models with compound Poisson processes. Annals of Operations Research, 313:1357-1371.

Hens, Thorsten (2022). Stefan Nagel: Machine learning in asset pricing. Journal of Economics, 136:91-92.

Asri, Ankush; Asri, Viola; Föllmi-Heusi, Franziska; Leuppi, Joerg D; Muser, Juergen; Nuesch, Reto; Fischbacher, Urs; Renerte, Baiba; Schuler, Dominik (2022). Which hospital workers do (not) want the jab? Behavioral correlates of COVID-19 vaccine willingness among employees of Swiss hospitals. PLoS ONE, 17(5):e0268775.

Chesney, Marc; Fattinger, Felix; Krakow, Nils Jonathan; Straumann, Simon (2022). Interest Rates, Bounded Rationality, and Complexity: Demand and Supply of Retail Financial Products. SSRN 3499660, University of Zurich.

Chesney, Marc (2022). Krieg in der Ukraine: Das Undenkbare denken? SSUI: Infosperber.ch.

Von Meyerinck, Felix; Romer, Jonas; Schmid, Markus (2022). CEO Turnover and Director Reputation. University of St.Gallen - School of Finance Research Paper 2021/06, University of Zurich.

Hain, Linda Isabella; Kölbel, Julian; Leippold, Markus (2022). Let’s Get Physical: Comparing Metrics of Physical Climate Risk. Finance Research Letters, 46:102406.

Ongena, Steven; Savaser, Tanseli; Sisli Ciamarra, Elif (2022). CEO incentives and bank risk over the business cycle. Journal of Banking and Finance, 138:106460.

Akyildirim, Erdinc; Cepni, Oguzhan; Molnár, Peter; Uddin, Gazi Salah (2022). Connectedness of energy markets around the world during the COVID-19 pandemic. Energy Economics, 109:105900.

De Nard, Gianluca; Engle, Robert F; Ledoit, Olivier; Wolf, Michael (2022). Large dynamic covariance matrices: Enhancements based on intraday data. Journal of Banking and Finance, 138:106426.

Ryf, Stefan; Siegenthaler, Perina; Fasnacht, Daniel; Fichter, Christian (2022). Lieferkettenprobleme und Fachkräftemangel: Die Zukunftsaussichten von Schweizer Unternehmen verdüstern sich: Ergebnisbericht. Zurich: NZZ & Kalaidos University of Applied Science.

Linder, Stefan; Sohn, Matthias; Tanner, Carmen. Sind wir eigentlich alle korrupt? In: Wirtschaftspsychologie Heute, 28 April 2022, online.

Fasnacht, Daniel. Das Momentum der Krise: Fintech hat von der Pandemie profitiert. Jetzt muss die Verantwortung stimmen. In: Finanz und Wirtschaft, 9 April 2022, 10.

Hediger, Simon; Näf, Jeffrey (2022). Shrinking in COMFORT. SSRN 4069441, University of Zurich and ETH Zurich.

Coculescu, Delia; Delbaen, Freddy (2022). Fairness principles for insurance contracts in the presence of default risk. Mathematical Finance, 32(2):595-626.

Bettzüge, Marc Oliver; Hens, Thorsten; Zierhut, Michael (2022). Financial intermediation and the welfare theorems in incomplete markets. Economic Theory, 73(2-3):457-486.

Chesney, Marc. Guerre nucléaire: concevoir l’inconcevable? In: Le Temps, 1 April 2022, online.

Hens, Thorsten; Amir, Rabah; Evstigneev, Igor V; Belkov, Sergei (2022). An evolutionary finance model with short selling and endogenous asset supply. Economic Theory, 73:655-677.

Brumm, Johannes; Feng, Xiangyu; Kotlikoff, Laurence; Kübler, Felix (2022). Are Deficits free? Journal of Public Economics, 208:104627.

Peng, Yushi; Ioannidou, Vasso; Pavanini, Nicola (2022). Collateral and Asymmetric Information in Lending Markets. Journal of Financial Economics, 144(1):93-121.

Fu, Jonathan; Mishra, Mrinal (2022). Fintech in the time of COVID-19: Technological adoption during crises. Journal of Financial Intermediation, 50:100945.

Liebrich, Felix-Benedikt; Munari, Cosimo (2022). Law-Invariant Functionals that Collapse to the Mean: Beyond Convexity. Mathematics and Financial Economics, 16(3):447-480.

Tanner, Carmen; Smith, Julia; Sohn, Matthias; Linder, Stefan. What Kind of Person Can Resist Corruption? In: The New Nation, 21 March 2022, online.

Smith, Julia; Linder, Stefan; Sohn, Matthias; Tanner, Carmen. What Kind of Person Can Resist Corruption?: New research finds our moral commitment impacts how we react. In: Psychology Today, 15 March 2022, online.

Tanner, Carmen; Schmocker, David; Katsarov, Johannes; Christen, Markus (2022). Educating moral sensitivity in business: An experimental study to evaluate the effectiveness of a serious moral game. Computers and Education, 178:104381.

Kubler, Felix; Li, Bo; Qin, Xuezheng; Zhang, Yilong (2022). Housing demand in high-return/high-volatility environments. SSRN 4059827.

Farkas, Walter; Mathys, Ludovic (2022). Geometric step options and Lévy models: Duality, PIDEs, and semi-analytical pricing. Frontiers of Mathematical Finance, 1(1):1-51.

Karsten, Christel; Malmendier, Ulrike; Sautner, Zacharias (2022). Lawyer expertise and contract Design - evidence from M&A negotiations. Economic Journal, 132(642):644-674.

Delis, Manthos D; Hasan, Iftekhar; Iosifidi, Maria; Ongena, Steven (2022). Gender, Credit, and Firm Outcomes. Journal of Financial and Quantitative Analysis, 57(1):359-389.

Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu; Tunaru, Radu (2022). Risk Spillovers and Interconnectedness between Systemically Important Institutions. Journal of Financial Stability, 58:100963.

Auer, Raphael; Matyunina, Alexandra; Ongena, Steven (2022). The countercyclical capital buffer and the composition of bank lending. Swiss Finance Institute Research Paper 21-66, Swiss Finance Institute.

Keller, Peter; Wilding, Benjamin. Gaming Tool für Anleger. In: Finanz und Wirtschaft, 29 January 2022, 8.

Azinovic, Marlon; Gaegauf, Luca; Scheidegger, Simon (2022). Deep Equilibrium Nets. SSRN 3393482, University of Zurich.

Carroux, Sarah Louise; Busch, Timo; Paetzold, Falko (2022). Unlocking the black box of private impact investors. Qualitative Research in Financial Markets, 14(1):149-168.

Tanner, Carmen; Linder, Stefan; Sohn, Matthias (2022). Does moral commitment predict resistance to corruption? experimental evidence from a bribery game. PLoS ONE, 17(1):e0262201.

Ulrych, Urban; Burkhardt, Raphael (2022). Sparse and Stable International Portfolio Optimization and Currency Risk Management. Swiss Finance Institute Research Paper 22-07, University of Zurich.

Hens, Thorsten; Naebi, Fatemeh (2022). Behavioral Heterogeneity in the CAPM with Evolutionary Dynamics. Swiss Finance Institute Research Paper 22-06, University of Zurich.

Hens, Thorsten; Schnetzer, Michael (2022). Evolutionary finance for multi-asset investors. Swiss Finance Institute Research Paper 22-05, University of Zurich.

Coculescu, Delia; Delbaen, Freddy (2022). Group cohesion under individual regulatory constraints. Scandinavian Actuarial Journal, 2022(1):80-93.

High-Dimensional Optimization and Probability : With a View Towards Data Science. Edited by: Nikeghbali, Ashkan; Pardalos, Panos M; Raigorodskii, Andrei M; Rassias, Michael Th (2022). Cham: Springer.

Burzoni, Matteo; Munari, Cosimo; Wang, Ruodu (2022). Adjusted Expected Shortfall. Journal of Banking and Finance, 134:106297.

Borsboom, Charlotte; Janssen, Dirk-Jan; Strucks, Markus; Zeisberger, Stefan (2022). History Matters: How Short-Term Price Charts Hurt Investment Performance. Journal of Banking and Finance, 134:106351.

Delis, Manthos D; Iosifidi, Maria; Kazakis, Pantelis; Ongena, Steven; Tsionas, Mike G (2022). Management practises and M&A success. Journal of Banking and Finance, 134:106355.

Ulrych, Urban. Applications of statistical learning in quantitative finance. 2022, University of Zurich, Faculty of Economics.

Chesney, Marc; Krakow, Nils Jonathan; Maranghino-Singer, Brigitte; Wolff, Vincent Lars (2022). Asset Pricing : Finanzderivate und ihre Systemrisiken (second edition). Wiesbaden: Springer.

Hens, Thorsten; Naebi, Fatemeh (2022). Behavioral heterogeneity in the CAPM with evolutionary dynamics. Journal of Evolutionary Economics, 32:1499-1521.

Boissay, Frederic; Garcia-Appendini, Emilia; Ongena, Steven (2022). Bottleneck effects of monetary policy. London: VoxEU, CEPR Policy Portal.

Demasi, Ramona. Bridging Corporate Social Responsibility and Individual Well- and Ill-Being: A Micro-Level Perspective. 2022, University of Zurich, Faculty of Economics.

Accetturo, Antonio; Barboni, Giorgia; Cascarano, Michele; Garcia-Appendini, Emilia; Tomasi, Marco (2022). Credit supply and green investment. London: VoxEU, CEPR Policy Portal.

Dembinski, Paul; Rudaz, Philippe; Soissons, Hannah; Chesney, Marc (2022). Does global English influence the perception of professional ethical dilemmas? In: Grin, François; Marácz, László; Pokorn, Nike K. Advances in Interdisciplinary Language Policy. Amsterdam: John Benjamins Publishing, 531-554.

Barbiero, Francesca; Burlon, Lorenzo; Dimou, Maria; Toczynski, Jan (2022). Dual interest rates and the transmission of monetary policy. Wien: SUERF.

Leippold, Markus; Matthys, Felix (2022). Economic Policy Uncertainty and the Yield Curve. Swiss Finance Institute Research Paper 22-36, Swiss Finance Institute.

Habib, Michel; Johnsen, D Bruce (2022). Equilibrium Investor Protection: Active Mutual Fund Fees. In: Krug, Anita; Laby, Arthur; Shnitser, Natalia. Cambridge Handbook of Investor Protection. Cambridge, UK: Cambridge University Press, 241-258.

Pelli, Michele. Essays on Unconventional Central Bank Policies. 2022, University of Zurich, Faculty of Economics.

Eugster, Patrick. Forecasting with Technical and Sentiment Analysis. 2022, University of Zurich, Faculty of Economics.

Dursun-de Neef, Özlem; Ongena, Steven; Tsonkova, Gergana (2022). Green versus sustainable loans: The impact on firms’ ESG performance. London: VoxEU, CEPR Policy Portal.

Coculescu, Delia; Dandapani, Aditi (2022). Insiders and Their Free Lunches: The Role of Short Positions. SIAM Journal on Financial Mathematics, 13(3):877-902.

Hofland, Sean. New Approaches to Modelling Individual Decisions under Uncertainty. 2022, University of Zurich, Faculty of Economics.

Hediger, Simon. New methods for testing, prediction, and estimation with applications to finance. 2022, University of Zurich, Faculty of Economics.

Mamonov, Mikhail; Ongena, Steven; Pestova, Anna (2022). Reducing the inequality: Cross-sectional effects of financial sanctions on households and firms in Russia. London: VoxEU, CEPR Policy Portal.

Smirnow, Alexander. Risk Measures and their Applications in Quantitative Finance. 2022, University of Zurich, Faculty of Economics.

Battiston, Stefano; Bressan, Giacomo; Monasterolo, Irene (2022). Sustainable investing and climate transition risk: a portfolio rebalancing approach. Journal of Portfolio Management, 48(10):165-192.

Durrani, Agha; Ongena, Steven; Ponte Marques, Aurea (2022). The Certification Role of the EU-Wide Stress Testing Exercises in the Stock Market. What Can We Learn from the Stress Tests (2014-2021)? Vienna: SUERF - The European Money and Finance Forum.

Östberg, Per; Richter, Thomas (2022). The Sovereign Debt Crisis: Flights or Freezes? SSRN 3060504, University of Zurich.

Hoang, Khanh; Huynh, Toan; Ongena, Steven (2022). The impact of foreign sanctions on firm performance in Russia. London: VoxEU, CEPR Policy Portal.

Pestova, Anna; Mamonov, Mikhail; Ongena, Steven (2022). The price of war: Macroeconomic effects of the 2022 sanctions on Russia. London: VoxEU, CEPR Policy Portal.

Mamonov, Mikhail; Pestova, Anna; Ongena, Steven (2022). The price of war: Macroeconomic effects of the 2022 sanctions on Russia. In: Garicano, Luis; Rohner, Dominic; Weder di Mauro, Beatrice. Global economic consequences of the war in Ukraine : Sanctions, supply chains and sustainability. London: CEPR Press, 71-78.

Heeb, Florian. Three Essays on the Impact of Sustainable Investing. 2022, University of Zurich, Faculty of Economics.

Erbe, Robert Karl. Three essays in empirical finance. 2022, University of Zurich, Faculty of Economics.

Leippold, Markus; Wagner, Alexander; Deng, Ming; Wang, Qian (2022). What stock price reactions to the Russia-Ukraine war tell us about the energy transition. London: VoxEU, CEPR Policy Portal.

Mamonov, Mikhail; Pestova, Anna; Ongena, Steven (2022). “Crime and Punishment”: How Russian banks anticipated and dealt with global financial sanctions. In: Garicano, Luis; Rohner, Dominic; Weder di Mauro, Beatrice. Global economic consequences of the war in Ukraine : Sanctions, supply chains and sustainability. London: CEPR Press, 28-35.

2021

Yang, Yucheng; Zheng, Zhong; E, Weinan (2021). Interpretable Neural Networks for Panel Data Analysis in Economics. SSRN 3708445, University of Zurich.

Chesney, Marc (2021). L'injustice sociale à l’heure de la financiarisation et de la digitalisation de l’économie. Filosofia e teologia, 2:243-251.

Akyildirim, Erdinc; Sensoy, Ahmet; Gulay, Guzhan; Corbet, Shaen; Salari, Hajar Novin (2021). Big data analytics, order imbalance and the predictability of stock returns. Journal of Multinational Financial Management, 62:100717.

Ongena, Steven (2021). Do governments and banks see eye to eye about the environment? Maybe not yet, but can they? Economic and Political Studies, 9(4):461-462.

Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven (2021). Economic support during the Covid crisis. Quantitative Easing and Lending Support Schemes in the UK. Economics Letters, 209:110138.

Roncoroni, Alan; Battiston, Stefano; D'Errico, Marco; Hałaj, Grzegorz; Kok, Christoffer (2021). Interconnected banks and systemically important exposures. Journal of Economic Dynamics and Control, 133:104266.

Ramelli, Stefano; Wagner, Alexander; Zeckhauser, Richard; Ziegler, Alexandre (2021). Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections. Review of Corporate Finance Studies, 10(4):748-787.

Chmelikova, Gabriela; Krauss, Annette; Lategan, François (2021). Microfinance as a Mechanism against Financial Exclusion in the European Rural Areas – an Inspiration for the Czech Republic. AGRIS on-line Papers in Economics and Informatics, 13(4):61-69.

Carletti, Elena; Colla, Paolo; Gulati, Mitu G; Ongena, Steven (2021). The Price of Law: The Case of the Eurozone Collective Action Clauses. Review of Financial Studies, 34(12):5933-5976.

Chesney, Marc. La notion de finance durable est-elle un oxymore ? In: Le Temps, 23 November 2021, online.

Chesney, Marc. Une appellation qui serait un oxymore? In: Le Temps, 22 November 2021, 11.

Risi, David; Paetzold, Falko; Kellers, Anne (2021). Wealthy Private Investors and Socially Responsible Investing: The Influence of Reference Groups. Sustainability, 13(22):12931.

Fasnacht, Daniel (2021). Digital Ecosystems and Super Apps. SSRN 3924260, University of Zurich.

Cheng, Hsing Kenneth; Hu, Danning; Puschmann, Thomas; Zhao, J Leon (2021). The Landscape of Blockchain Research: Impacts and Opportunities. Information Systems and e-Business Management, 19:749-755.

Andries, Alin Marius; Ongena, Steven; Sprincean, Nicu (2021). The COVID-19 Pandemic and Sovereign Bond Risk. North American Journal of Economics and Finance, 58:101527.

Nyborg, Kjell G; Wang, Zexi (2021). The Effect of Stock Liquidity on Cash Holdings: The Repurchase Motiv. Journal of Financial Economics, 142(2):905-927.

Hediger, Simon; Näf, Jeffrey; Paolella, Marc S; Polak, Pawel (2021). Heterogeneous Tail Generalized Common Factor Modeling. SSRN 21-73, University of Zurich.

Benincasa, Emanuela (2021). Climate policy and cross-border lending: evidence from the syndicated loan market. Economic and Political Studies, 9(4):463-476.

Basten, Christoph; Briukhova, Olga; Pelli, Michele (2021). Bank Capital Requirements and Asset Prices: Evidence from the Swiss Real Estate Market. - -, University of Zurich.

Goncharenko, Roman; Ongena, Steven; Rauf, Asad (2021). The Agency of CoCos: Why Contingent Convertible Bonds Aren’t for Everyone. Journal of Financial Intermediation, 48:100882.

Cheng, Hua; Gawande, Kishore; Ongena, Steven; Qi, Shusen (2021). Connected banks and economic policy uncertainty. Journal of Financial Stability, 56:100920.

Altavilla, Carlo; Boucinha, Miguel; Holton, Sarah; Ongena, Steven (2021). Credit Supply and Demand in Unconventional Times. Journal of Money, Credit and Banking, 53(8):2071-2098.

Dasgupta, Amil; Fos, Vyacheslav; Sautner, Zacharias (2021). Institutional investors and corporate governance. Foundations and trends in finance, 12(4):276-394.

Paolella, Marc S (2021). Various Course Proposals for: Mathematics with a View Towards (the Theoretical Underpinnings of) Machine Learning. Swiss Finance Institute Research Paper 21-65, University of Zurich.

Akyildirim, Erdinc; Aysan, Ahmet Faruk; Cepni, Oguzhan; Darendeli, S Pinar Ceyhan (2021). Do investor sentiments drive cryptocurrency prices? Economics Letters, 206:109980.

Rochet, Jean-Charles; Verdier, Marianne (2021). Banques, monnaie et paiements. Revue d'économie financière, 2(142):135-155.

Chesney, Marc. Dérèglements climatiques: les leçons à tirer de cet été meurtrier. In: Le Temps, 23 August 2021, online.

Bergesio, Andrea; Koch-Medina, Pablo; Munari, Cosimo (2021). Limited Liability and the Demand for Coinsurance by Individuals and Corporations. SSRN 21-57, University of Zurich.

Fasnacht, Daniel (2021). Agil und frugal in die Zukunft : Strategien für einen nachhaltigen Umgang mit Ausnahmesituationen. Zeitschrift Führung + Organisation, 04:243-248.

Boissay, Frédéric; Garcia-Appendini, Emilia; Ongena, Steven (2021). Ripple effects of monetary policy. BIS Working Paper 957, Bank for International Settlements.

Wagner, Alexander; Ziegler, Alexandre (2021). Illiquiditätsabschläge in der Bewertung von Klein- und Mittelunternehmen (KMU). Expert Focus, 8:10-14.

Ramelli, Stefano; Ossola, Elisa; Rancan, Michela (2021). Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike. Journal of Corporate Finance, 69:102018.

Dyachenko, Artem; Farkas, Walter; Rieger, Marc Oliver (2021). Volatility Dependent Structured Products. The Journal of investing, 30(2):53-60.

Asri, Ankush; Asri, Viola; Fischbacher, Urs; Föllmi-Heusi, Franziska; Leuppi, Joerg D; Muser, Juergen; Nuesch, Reto; Renerte, Baiba; Schuler, Dominik (2021). Wearing a mask - For yourself or for others? Behavioral correlates of mask wearing among COVID-19 frontline workers. PLoS ONE, 16(7):e02536211.

Behnk, Sascha; Reuben, Ernesto (2021). On Lies and Hard Truths. Frontiers in Psychology, 12:96.

Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Scheidegger, Simon (2021). Pareto-Improving Carbon-Risk Taxation. Economic Policy, 36(107):551-589.

Ramelli, Stefano. Finance in the climate crisis: preferences, policies, and prospects. 2021, University of Zurich, Faculty of Economics.

Falkinger, Josef; Habib, Michel A (2021). Managerial Discretion and Shareholder Capital at Risk. Journal of Business Finance and Accounting, 48(7-8):1215-1245.

Koch-Medina, Pablo; Moreno-Bromberg, Santiago; Ravanelli, Claudia; Sikic, Mario (2021). Revisiting optimal investment strategies of value-maximizing insurance firms. Insurance: Mathematics and Economics, 99:131-151.

Bardoscia, Marco; Barucca, Paolo; Battiston, Stefano; Caccioli, Fabio; Cimini, Giulio; Garlaschelli, Diego; Saracco, Fabio; Squartini, Tiziano; Caldarelli, Guido (2021). The Physics of Financial Networks. Nature Reviews. Physics, 3:490-507.

Bonfim, Diana; Nogueira, Gil; Ongena, Steven (2021). “Sorry, We're Closed” Bank Branch Closures, Loan Pricing, and Information Asymmetries. Review of Finance, 25(4):1211-1259.

Amir, Rabah; Evstigneev, Igor V; Hens, Thorsten; Potapova, Valeriya; Schenk-Hoppé, Klaus Reiner (2021). Evolution in pecunia. Proceedings of the National Academy of Sciences of the United States of America, 118(26):e2016514118.

Wagner, Alexander. Sechs unbequeme Wahrheiten über nachhaltige Investitionen. In: Finanz und Wirtschaft, 5 June 2021, 10.

Cremers, Martijn; Pareek, Ankur; Sautner, Zacharias (2021). Short-term institutions, analyst recommendations, and mispricing: The role of higher order beliefs. Journal of Accounting Research, 59(3):911-958.

Battiston, Stefano; Escobar-Farfán, Luis O L; Martinez-Jaramillo, Serafin; Roncoroni, Alan (2021). Climate risk and financial stability in the network of banks and investment funds. Journal of Financial Stability, 54:100870.

Battiston, Stefano; Monasterolo, Irene; Riahi, Keywan; van Ruijven, Bas J (2021). Accounting for finance is key for climate mitigation pathways. Science, 372(6545):918-920.

Battiston, Stefano; Monasterolo, Irene. Le système financier peut faire pencher la dynamique de la transition écologique d’un côté ou de l’autre. In: Le Monde, 26 May 2021, online.

Battiston, Stefano; Monasterolo, Irene. Transizione ecologica e rischio finanziario: il ruolo chiave delle aspettative. In: Il Sole 24 Ore, 24 May 2021, online.

Fasnacht, Daniel; Straube, Christian. Quanten-Computing: eine gute Investition. In: Computerworld, 5, 14 May 2021, 22-23.

Tanner, Carmen; Schmocker, David; Katsarov, Johannes; Christen, Markus (2021). Educating moral sensitivity in business: An experimental study to evaluate the effectiveness of a serious moral game. SSRN 3838222, University of Zurich.

Kölbel, Julian F; Busch, Timo (2021). Signaling legitimacy across institutional contexts-The intermediary role of corporate social responsibility rating agencies. Global Strategy Journal, 11(2):304-328.

Tsionas, Mike G; Mamatzakis, Emmanuel; Ongena, Steven (2021). Does alternative finance moderate bank fragility? Evidence from the euro-area. Journal of international financial markets, institutions & money, 72:101340.

Braggion, Fabio; Dwarkasing, Mintra; Ongena, Steven (2021). Household Inequality, Entrepreneurial Dynamism, and Corporate Financing. Review of Financial Studies, 34(5):2448-2507.

Bellini, Fabio; Koch-Medina, Pablo; Munari, Cosimo; Svindland, Gregor (2021). Law-invariant functionals that collapse to the mean. Insurance: Mathematics and Economics, 98:83-91.

Dzielinski, Michal; Wagner, Alexander; Zeckhauser, Richard J (2021). CEO Clarity. Swiss Finance Institute Research Paper 17-13, University of Zurich.

Gibson, Rajna; Tanner, Carmen; Wagner, Alexander (2021). Moral commitment: Does it reduce or enhance the response to social norms? Evidence from an experiment on earnings management. Swiss Finance Institute Research Paper 15-01, University of Zurich.

Krakow, Nils Jonathan; Schäfer, Timo (2021). Mutual Funds and Qualitative Disclosure. Swiss Finance Institute Research Paper 20-54, University of Zurich.

Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; Spagnolo, Giancarlo (2021). The Impact of Stricter Merger Control on Bank Mergers and Acquisitions: Too-Big-To-Fail and Competition. Journal of Financial Intermediation, 46:100859.

Paolella, Marc S; Polak, Pawel; Walker, Patrick S (2021). A non-elliptical orthogonal GARCH model for portfolio selection under transaction costs. Journal of Banking and Finance, 125:106046.

Krakow, Nils Jonathan. Information disclosure, competition, and sustainability in retail financial markets. 2021, University of Zurich, Faculty of Economics.

Farkas, Walter; Mathys, Ludovic; Vasiljevic, Nikola (2021). Intra‐Horizon expected shortfall and risk structure in models with jumps. Mathematical Finance, 31(2):772-823.

Kolaric, Sascha; Kiesel, Florian; Ongena, Steven (2021). Market Discipline through Credit Ratings and Too‐Big‐to‐Fail in Banking. Journal of Money, Credit and Banking, 53(2-3):367-400.

Arnold, Marc; Schütte, Dustin; Wagner, Alexander (2021). Neglected Risk in Financial Innovation: Evidence from Structured Product Counterparty Exposure. European financial management, 27(2):287-325.

Fasnacht, Daniel. Mit Corona wird der Kunde wieder König. In: Finanz und Wirtschaft, 8 March 2021, online.

Ongena, Steven; Schindele, Ibolya; Vonnak, Dzsamila (2021). In lands of foreign currency credit, bank lending channels run through? Journal of International Economics, 129:103435.

Akyildirim, Erdinc; Corbet, Shaen; O'Connell, John F; Sensoy, Ahmet (2021). The influence of aviation disasters on engine manufacturers: An analysis of financial and reputational contagion risks. International Review of Financial Analysis, 74:101630.

Hens, Thorsten; Rieger, Marc O; Wang, Mei (2021). Universal time preference. PLoS ONE, 16(2):e0245692.

Ilhan, Emirhan; Sautner, Zacharias; Vilkov, Grigory (2021). Carbon tail risk. Review of Financial Studies, 34(3):1540-1571.

Battiston, Stefano; Barucca, Paolo; Napoletano, Mauro; Luu, Duc Thi (2021). Collateral Unchained: Rehypothecation networks, concentration and systemic effects. Journal of Financial Stability, 52:100811.

Eugster, Florian; Wagner, Alexander F (2021). Earning Investor Trust: The Role of Past Earnings Management. Journal of Business Finance and Accounting, 48(1-2):269-307.

Busch, Timo; Bruce-Clark, Peter; Derwall, Jeroen; Eccles, Robert; Hebb, Tessa; Hoepner, Andreas; Klein, Christian; Krueger, Philipp; Paetzold, Falko; Scholtens, Bert; Weber, Olaf (2021). Impact investments: a call for (re)orientation. SN Business & Economics, 1(2):33.

Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Sachs, Jeffrey; Scheidegger, Simon (2021). Making Carbon Taxation a Generational Win Win. International Economic Review, 62(1):3-46.

Battiston, Stefano; Martinez-Jaramillo, Serafin (2021). Network models and stress testing for financial stability: The conference. Journal of Financial Stability, 52:100812.

Akyildirim, Erdinc; Göncü, Ahmet; Sensoy, Ahmet (2021). Prediction of cryptocurrency returns using machine learning. Annals of Operations Research, 297(1-2):3-36.

Puschmann, Thomas; Shiba, Sayaka (2021). Sustainable Digital Finance: Developing a Taxonomy for FinTech, InsurTech, and Blockchain. Swiss FinTech Innovation Lab 3, University of Zurich.

Coculescu, Delia; Lupascu Stamate, Oana; Visentin, Gabriele (2021). Emergence and Evolution of Cooperation for Survival: A Continuous Time Model. SSRN 1189182, University of Zurich.

Mayordomo, Sergio; Moreno, Antonio; Ongena, Steven; Rodriguez-Moreno, Maria (2021). Bank capital requirements, loan guarantees and firm performance. Journal of Financial Intermediation, 45:100825.

Arduca, Maria; Koch-Medina, Pablo; Munari, Cosimo (2021). Dual representations for systemic risk measures based on acceptance sets. Mathematics and Financial Economics, 15(1):155-184.

Izzeldin, Marwan; Johnes, Jill; Ongena, Steven; Pappas, Vasileios; Tsionas, Mike (2021). Efficiency convergence in Islamic and conventional banks. Journal of international financial markets, institutions & money, 70:101279.

Bellini, Fabio; Koch-Medina, Pablo; Munari, Cosimo; Svindland, Gregor (2021). Law-Invariant Functionals on General Spaces of Random Variables. SIAM Journal on Financial Mathematics, 12(1):318-341.

Munari, Cosimo (2021). Multi-utility representations of incomplete preferences induced by set-valued risk measures. Finance and Stochastics, 25(1):77-99.

Chesney, Marc; Vargas, Carlos (2021). End of Life Decommissioning and Recycling of Solar Panels in the United States. A Real Options Analysis. Journal of Sustainable Finance & Investment, 11(1):82-102.

Mamonov, Mikhail; Pestova, Anna; Ongena, Steven (2021). "Crime and punishment": How Russian banks anticipated and dealt with global financial sanctions. London: VoxEU, CEPR Policy Portal.

Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven (2021). "There is no planet B", but for banks there are "countries B to Z": Domestic climate policy and cross-border bank lending. London: VoxEU, CEPR Policy Portal.

Fasnacht, Daniel (2021). Agile and frugal strategies for the handling of increased uncertainty. SSRN 21778, University of Zurich.

Peng, Yushi. Applications of New Empirical IO in Banking and Real Estate Economics. 2021, University of Zurich, Faculty of Economics.

Von Meyerinck, Felix; Niessen-Ruenzi, Alexandra; Schmid, Markus; Davidoff Solomon, Steven (2021). As California Goes, So Goes the Nation? Board Gender Quotas and Shareholders' Distaste of Government Interventions. Finance Working Paper Series 785, European Corporate Governance Institute (ECGI).

De Nard, Gianluca. Asset return prediction and covariance matrix estimation for portfolio selection in large dimensions. 2021, University of Zurich, Faculty of Economics.

Fasnacht, Daniel (2021). Banking 4.0: Digital Ecosystems and Super-Apps. In: Wendt, Karen. Theories of Change : Change Leadership Tools, Models and Applications for Investing in Sustainable Development. Switzerland: Springer, 10-25.

Hens, Thorsten; Naebi, Fatemeh (2021). Behavioural heterogeneity in the capital asset pricing model with an application to the low-beta anomaly. Applied Economics Letters, 28(6):501-507.

Wagner, Alexander (2021). COVID-19 und Finanzmärkte. In: Rühli, Frank; Thier, Andreas. Weissbuch Corona: Die Schweiz nach der Pandemie. Befunde - Erkenntnisse - Perspektiven. Zürich: NZZ Libro, 213-221.

Dorn, Dietmar. Corporate Market Timing and Short-Sale Constraints. 2021, University of Zurich, Faculty of Economics.

Delis, Manthos D; Fringuellotti, Fulvia; Ongena, Steven (2021). Credit, Income, and Inequality. Liberty Street Economics: Federal Reserve Bank of New York.

Puschmann, Thomas; Shiba, Sayaka (2021). Developing a Taxonomy for Sustainable Digital Finance. Austin, Texas, USA: ICIS 2021.

Beyene, Winta; Delis, Manthos D; Ongena, Steven (2021). Disclosure of Bank Fossil Fuel Exposures. European Economy – Banks, Regulation, and the Real Sector, 4(2):89-103.

Chesney, Marc (2021). Economics and Finance: The Monopoly and Dangers of the Mainstream School of Thought. In: Bourghelle, David; Pérez, Roland; Rozin, Philippe. Rethinking Finance in the Face of New Challenges. Bingley: Emerald Publishing, 199-204.

Kotlikoff, Laurence; Kübler, Felix; Polbin, Andrey; Scheidegger, Simon (2021). Economists have needlessly produced a climate war. London: VoxEU, CEPR Policy Portal.

Azinovic, Marlon. Essays on Computational Macro-Finance. 2021, University of Zurich, Faculty of Economics.

Kabas, Gazi. Essays on Household Finance and Empirical Banking. 2021, University of Zurich, Faculty of Economics.

Ceccarelli, Marco. Essays on Sustainable Finance. 2021, University of Zurich, Faculty of Economics.

Stang, Felix. Essays on arbitrage pricing theory and contagion in a financial network. 2021, University of Zurich, Faculty of Economics.

O'Flynn, Kuchulain. Essays on the Impact of Financial Markets on Traditional Banking. 2021, University of Zurich, Faculty of Economics.

Leippold, Markus; Rüegg, Roger (2021). Fama–French Factor Timing: The Long-Only Integrated Approach. European financial management, 27(4):666-700.

Delis, Fotios; Delis, Manthos D; Laeven, L; Ongena, Steven (2021). Global evidence on profit shifting: The role of intangible assets. London: VoxEU, CEPR Policy Portal.

Mishra, Mrinal. How Does Financial Intermediation Respond to Varied Shocks? 2021, University of Zurich, Faculty of Economics.

Atmaca, Sümeyra; Kirschenmann, Karolin; Ongena, Steven; Schoors, Koen (2021). Increasing deposit insurance and nationalisation in times of crisis. London: VoxEU, CEPR Policy Portal.

Qi, Shusen; De Haas, Ralph; Ongena, Steven; Straetmans, Stefan (2021). Information sharing and the geography of banking. London: VoxEU, CEPR Policy Portal.

Chesney, Marc (2021). La crisis permanente : La oligarquía financiera y el fracaso de la democracia. Barcelona: Editorial Bellaterra.

Basten, Christoph; Ongena, Steven (2021). Mortgage Lending through a FinTech Web Platform. The Roles of Competition, Diversification, and Automation. CUREM Working Paper Series 10, CUREM – Center for Urban & Real Estate Management.

Kasinger, Johannes; Krahnen, Jan Pieter; Ongena, Steven; Pelizzon, Loriana; Schmeling, Maik; Wahrenburg, Mark (2021). Preparing for a wave of non-performing loans: Empirical insights and important lessons. London: VoxEU, CEPR Policy Portal.

Briukhova, Olga; D'Errico, Marco; Battiston, Stefano (2021). Reshaping the Financial Network: Externalities and Redistribution Effects in Central Clearing. SSRN 3413844, University of Zurich.

Garcia-Appendini, Emilia; Ongena, Steven (2021). Ripple effects of monetary policy. London: VoxEU, CEPR Policy Portal.

Roncoroni, Alan. Risk and opportunities in the context of the low-carbon transition: a financial network approach. 2021, University of Zurich, Faculty of Economics.

Ramelli, Stefano; Ossola, Elisa; Rancan, Michela (2021). Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike. SSRN 3544669, University of Zurich.

Gropp, Reint; Mosk, Thomas; Ongena, Steven; Simac, Ines; Wix, Carlo (2021). Supranational rules, national discretion: Increasing versus inflating regulatory bank capital. London: VoxEU, CEPR Policy Portal.

Kok, Christopher; Müller, Carola; Ongena, Steven; Pancaro, Cosimo (2021). The disciplining effect of supervisory scrutiny in the EU-wide stress test. London: VoxEU, CEPR Policy Portal.

Hoyer, Karlijn; Zeisberger, Stefan; Breugelmans, Seger M; Zeelenberg, Marcel (2021). The effect of dispositional greed on individual trading behavior in experimental asset markets. Decision (Washington), 8(2):80-96.

Lentner, Philipp. The effect of monetary policy on covered bonds. 2021, University of Zurich, Faculty of Economics.

Rajnak, Viktoria; Puschmann, Thomas (2021). The impact of blockchain on business models in banking. Information Systems and e-Business Management, 19:809-861.

Meyer, Julia; Krauss, Annette (2021). The social performance of microfinance investment vehicles. Journal of Sustainable Finance, 11(2):163-186.

Briukhova, Olga. Three Essays on the Consequences of Financial Stability Regulation. 2021, University of Zurich, Faculty of Economics.

Beyene, Winta; Delis, Manthos D; De Greiff, Kathrin; Ongena, Steven (2021). Too big to strand? Bond versus bank financing in the transition to a low carbon economy. London: VoxEU, CEPR Policy Portal.

Bundle, Laura; Remo, Schmid; Wagner, Alexander (2021). Vorstandsvergütung: Status quo, Trends und Herausforderungen. In: Dutzi, Andreas; Gros, Marius; Nowak, Karsten; Roese, Bernd. Corporate Governance, Rechenschaft und Abschlussprüfung : Festschrift für Hans-Joachim Böcking zum 65. Geburtstag. Frankfurt: Beck, 45-55.

2020

Puschmann, Thomas; Hoffmann, Christian Hugo; Khmarskyi, Valentyn (2020). How Green FinTech Can Alleviate the Impact of Climate Change - The Case of Switzerland. Sustainability, 12:10691.

Mishra, Rahul; Yadav, Piyush; Calizzano, Remi; Leippold, Markus (2020). MuSeM: Detecting Incongruent News Headlines using Mutual Attentive Semantic Matching. In: International Conference on Machine Learning and Applications (ICMLA) 2020, Miami, Florida, 14 December 2020 - 17 December 2020, IEEE ICMLA.

Varini, Francesco; Boyd-Graber, Jordan; Ciaramita, Massimiliano; Leippold, Markus (2020). ClimaText: A Dataset for Climate Change Topic Detection. In: Tackling Climate Change with Machine Learning workshop at NeurIPS 2020, Online, 11 December 2020, NeurIPS.

Diggelmann, Thomas; Boyd-Graber, Jordan; Bulian, Jannis; Ciaramita, Massimiliano; Leippold, Markus (2020). Climate-fever: A Dataset for Verification of Real-World Climate Claims. In: Tackling Climate Change with Machine Learning workshop at NeurIPS 2020, Online, 11 December 2020, NeurIPS.

Linder, Stefan; Sohn, Matthias; Tanner, Carmen (2020). Moral commitment and corruption: Who is more likely to resist corrupt behavior? SSRN 3530305, University of Zurich.

Farkas, Walter; Fringuellotti, Fulvia; Tunaru, Radu (2020). A Cost-Benefit Analysis of Capital Requirements Adjusted for Model Risk. Journal of Corporate Finance, 65:101753.

Evstigneev, Igor; Hens, Thorsten; Potapova, Valeriya; Schenk-Hoppé, Klaus Reiner (2020). Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets. Journal of Mathematical Economics, 91:121-135.

Chesney, Marc; Stromberg, Jacob; Wagner, Alexander; Wolff, Vincent Lars (2020). Managerial incentives to take asset risk. Journal of Corporate Finance, 65:101758.

Hens, Thorsten; Schenk-Hoppé, Klaus-Reiner (2020). Patience Is a Virtue: In Value Investing. International Review of Finance, 20(4):1019-1031.

Akyildirim, Erdinc; Corbet, Shaen; Sensoy, Ahmet; Yarovaya, Larisa (2020). The impact of blockchain related name changes on corporate performance. Journal of Corporate Finance, 65:101759.

Mishra, Rahul; Gupta, Dhruv; Leippold, Markus (2020). Generating Fact Checking Summaries for Web Claims. In: The 2020 Conference on Empirical Methods in Natural Language Processing (EMNLP 2020), online, 16 November 2020 - 20 November 2020, arXiv.

Fasnacht, Daniel (2020). Frugal Banking: An Opportunity to Create Customer Value in the Future? : Innovationmanagement.se.

Ramelli, Stefano; Wagner, Alexander F (2020). Feverish Stock Price Reactions to COVID-19. Review of Corporate Finance Studies, 9(3):622-655.

Ettlin, Nicolas; Farkas, Walter; Kull, Andreas; Smirnow, Alexander (2020). Optimal Risk-Sharing Across a Network of Insurance Companies. Insurance: Mathematics and Economics, 95:39-47.

Leippold, Markus; He, Yunhao (2020). Short-run risk, business cycle, and the value premium. Journal of Economic Dynamics and Control, 120:103993.

Gao, Niushan; Munari, Cosimo (2020). Surplus-invariant risk measures. Mathematics of operations research, 45(4):1342-1370.

Fasnacht, Daniel. Wie Innovation Probleme löst. In: Computerworld, 10, 16 October 2020, 44-45.

Yang, Yucheng; Pang, Yue; Huang, Guanhua; E, Weinan (2020). The Knowledge Graph for Macroeconomic Analysis with Alternative Big Data. SSRN 3707964, University of Zurich.

Ongena, Steven; Cerqueiro, Geraldo; Roszbach, Kasper (2020). Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance. Journal of Financial Intermediation, 44:100824.

Féray, Valentin; Méliot, Pierre‐Loïc; Nikeghbali, Ashkan (2020). Graphons, permutons and the Thoma simplex: three mod‐Gaussian moduli spaces. Proceedings of the London Mathematical Society, 121(4):876-926.

Fasnacht, Daniel. Nur die passgenaue Bedürfnisbefriedigung sichert den nachhaltigen Erfolg. In: Unternehmerzeitung, 10, 1 October 2020, 24-25.

Cremers, Martijn; Pareek, Ankur; Sautner, Zacharias (2020). Short-term investors, long-term investments, and firm value: Evidence from Russell 2000 index inclusions. Management Science, 66(10):4535-4551.

Carletti, Elena; Colla, Paolo; Gulati, Mitu G; Ongena, Steven (2020). The Price of Law: The Case of the Eurozone Collective Action Clauses. Duke Law School Public Law & Legal Theory Series 2020-73, University of Zurich.

Maslov, Egor. Essays in financial integration, firm dynamics and risk sharing. 2020, University of Zurich, Faculty of Economics.

Duygun, Meryem; Miao, Jianjun; Östberg, Per (2020). Monitoring market participants, externals and financial transactions in a global financial stability environment. Journal of Banking and Finance, 119:105937.

Barucca, Paolo; Bardoscia, Marco; Caccioli, Fabio; D'Errico, Marco; Visentin, Gabriele; Caldarelli, Guido; Battiston, Stefano (2020). Network valuation in financial systems. Mathematical Finance, 30(4):1181-1204.

Akyildirim, Erdinc; Corbet, Shaen; Cumming, Douglas; Lucey, Brian; Sensoy, Ahmet (2020). Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements. Technological Forecasting and Social Change, 159:120191.

Bonfim, Diana; Nogueira, Gil; Ongena, Steven (2020). “Sorry, We're Closed" Bank Branch Closures, Loan Pricing, and Information Asymmetries. SSRN 2749155, University of Zurich.

Perillo, Chiara; Battiston, Stefano (2020). Financialization and unconventional monetary policy: a financial-network analysis. Journal of Evolutionary Economics, 30:1385-1428.

Coculescu, Delia; Delbaen, Freddy (2020). Fairness principles for insurance contracts in the presence of default risk. ArXiv.org 2009.04408, Cornell University.

Wolff, Vincent Lars; Rossi, Enzo (2020). Spillovers to exchange rates from monetary and macroeconomic communications events. SNB Working Paper Series 18, University of Zurich.

Schmocker, David; Tanner, Carmen; Katsarov, Johannes; Christen, Markus (2020). An Advanced Measure of Moral Sensitivity in Business. European Journal of Psychological Assessment, 36(5):864-873.

Meuer, Johannes; Kölbel, Julian; Hoffmann, Volker H (2020). On the Nature of Corporate Sustainability. Organization & Environment, 33(3):319-341.

Eugster, Florian; Wagner, Alexander F (2020). Value Reporting and Firm Performance. Journal of International Accounting, Auditing and Taxation, 40:100319.

Holzmeister, Felix; Huber, Jürgen; Kirchler, Michael; Lindner, Florian; Weitzel, Utz; Zeisberger, Stefan (2020). What drives risk perception? A global survey with financial professionals and lay people. Management Science, 66(9):3799-4358.

King, Michael R; Ongena, Steven; Tarashev, Nikola (2020). Bank Standalone Credit Ratings. International Journal of Central Banking, 16(3):101-144.

Mathys, Ludovic (2020). On Extensions of the Barone-Adesi & Whaley Method to Price American-Type Options. Journal of Computational Finance, 24(2):33-76.

Akyildirim, Erdinc; Corbet, Shaen; Nguyen, Duc Khuong; Sensoy, Ahmet (2020). Regulatory changes and long-run relationships of the EMU sovereign debt markets: Implications for future policy framework. International Review of Law and Economics, 63:105907.

Fasnacht, Daniel (2020). The Ecosystem Strategy: Disruptive Business Model Innovation. SSRN 3635363, University of Zurich.

Alper, Koray; Altunok, Fatih; Çapacıoğlu, Taniu; Ongena, Steven (2020). The effect of unconventional monetary policy on cross-border bank loans: Evidence from an emerging market. European Economic Review, 127:103426.

Garcia-Appendini, Emilia; Montoriol-Garriga, Judit (2020). Trade credit use as firms approach default. Journal of Money, Credit and Banking, 52(5):1199-1229.

Chesney, Marc (2020). Sagten Sie «Zurück zur Normalität»?! Infosperber.ch: Schweizerische Stiftung zur Förderung unabhängiger Information SSUI.

Glöckner, Andreas; Renerte, Baiba; Schmidt, Ulrich (2020). Violations of coalescing in parametric utility measurement. Theory and Decision, 89:471-501.

Allard, Anne-Florence; Krakow, Nils Jonathan; Smedts, Kristien (2020). When Mutual Fund Names Misinform. SSRN 3628293, University of Zurich.

Méndez-Heras, Lizethe; Ongena, Steven (2020). "Finance And Growth" Re-Visited. Journal of Financial Management, Markets and Institutions, 80(1):2050001.

Delis, Manthos D; Hasan, Iftekhar; Iosifidi, Maria; Ongena, Steven (2020). Gender, Credit, and Firm Outcomes. Swiss Finance Institute Research Paper 19-70, University of Zurich.

Kübler, F; Malhotra, R; Polemarchakis, H (2020). Identification of preferences, demand and equilibrium with finite data. CRETA Discussion Paper Series 60, Centre for Research in Economic Theory and its Applications.

Mathys, Ludovic. American-type exotic options and risk management in Lévy-driven markets. 2020, University of Zurich, Faculty of Economics.

Delpini, Danilo; Battiston, Stefano; Caldarelli, Guido; Riccaboni, Massimo (2020). Portfolio diversification, differentiation and the robustness of holdings networks. Applied Network Science, 5:37.

Basten, Christoph; Ongena, Steven (2020). The Geography of Mortgage Lending in Times of FinTech. CEPR Discussion Papers DP14918, Centre for Economic Policy Research (CEPR).

Mathys, Ludovic (2020). Valuing Tradeability in Exponential Lévy Models. Quantitative Finance and Economics, 4(3):459-488.

Yang, Hanlin (2020). Decomposing Factor Momentum. SSRN 3517888, University of Zurich.

Chhaibi, Reda; Delbaen, Freddy; Méliot, Pierre-Loïc; Nikeghbali, Ashkan (2020). Mod-$\phi $ convergence: Approximation of discrete measures and harmonic analysis on the torus. Annales de l'Institut Fourier, 70(3):1115-1197.

Kölbel, Julian F; Heeb, Florian; Paetzold, Falko; Busch, Timo (2020). Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact. Organization & Environment, 33(4):554-574.

Braggion, Fabio; Dwarkasing, Mintra; Ongena, Steven (2020). Household inequality, entrepreneurial dynamism and corporate financing. Swiss Finance Institute Research Paper 14-27, University of Zurich.

Belkov, Sergei; Evstigneev, Igor V; Hens, Thorsten (2020). An Evolutionary Finance Model with a Risk-Free Asset. Annals of Finance, 16:593-607.

Ongena, Steven. Soforthilfe für Schweizer Wirtschaft verdient Respekt. In: Finanz und Wirtschaft, 17 June 2020, 12.

Mukhlynina, Liliya; Nyborg, Kjell G (2020). The Choice of Valuation Techniques in Practice: Education Versus Profession. Critical Finance Review, 9(1-2):201-265.

Chesney, Marc. Vous avez dit «retour à la normalité»?! In: Le Temps, 9 June 2020, online.

Kölbel, Julian; Leippold, Markus; Rillaerts, Jordy; Wang, Qian (2020). Does the CDS market reflect regulatory climate risk disclosures? SSRN 3616324, University of Zurich.

Bignozzi, Valeria; Burzoni, Matteo; Munari, Cosimo (2020). Risk measures based on benchmark loss distributions. Journal of Risk and Insurance, 87(2):437-475.

Magill, Michael; Quinzii, Martine; Rochet, Jean-Charles (2020). The safe asset, banking equilibrium, and optimal central bank monetary, prudential and balance-sheet policies. Journal of Monetary Economics, 112:113-128.

Wagner, Alexander. Was Investoren aus der ersten Covid-19-Welle lernen können. In: Finanz und Wirtschaft, 26 May 2020, 17.

Chesney, Marc (2020). Von der Pest zum Coronavirus. Schweizerische Stiftung zur Förderung unabhängiger Information: Infosperber.

Fu, Jonathan; Mishra, Mrinal (2020). The Global Impact of COVID-19 on Fintech Adoption. Swiss Finance Institute Research Paper 20-38, Swiss Finance Institute.

Bedendo, Mascia; Garcia, Emilia; Siming, Linus (2020). Cultural preferences and firm financing choices. Journal of Financial and Quantitative Analysis, 55(3):897-930.

Schuldenzucker, Steffen; Seuken, Sven; Battiston, Stefano (2020). Default Ambiguity: Credit Default Swaps Create New Systemic Risks in Financial Networks. Management Science, 66(5):1981-1998.

Delis, Manthos D; Hasan, Iftekhar; Ongena, Steven (2020). Democracy and credit. Journal of Financial Economics, 136(2):571-596.

Tsionas, Mike G; Mamatzakis, Emmanuel; Ongena, Steven (2020). Does risk aversion affect bank output loss? The case of the Eurozone. European Journal of Operational Research, 282(3):1127-1145.

Leippold, Markus; Rüegg, Roger (2020). How rational and competitive is the market for mutual funds? Review of Finance, 24(3):579-613.

Akyildirim, Erdinc; Corbet, Shaen; Katsiampa, Paraskevi; Kellard, Neil; Sensoy, Ahmet (2020). The development of Bitcoin futures: Exploring the interactions between cryptocurrency derivatives. Finance Research Letters, 34:101234.

Akyildirim, Erdinc; Corbet, Shaen; Efthymiou, Marina; Guiomard, Cathal; O'Connell, John F; Sensoy, Ahmet (2020). The financial market effects of international aviation disasters. International Review of Financial Analysis, 69:101468.

Chesney, Marc. De la peste au coronavirus. In: Le Temps, 21 April 2020, 12.

Fasnacht, Daniel (2020). Denkansätze zur Zukunft des Swiss Banking. : BEI Business Engineering Institute St.Gallen.

De Nard, Gianluca; Hediger, Simon; Leippold, Markus (2020). Subsampled Factor Models for Asset Pricing: The Rise of Vasa. SSRN 3557957, University of Zurich.

Fasnacht, Daniel; Manz, Margrit. Interview: Digital, mobil, global und in Echtzeit : Der Schweizer Unternehmensberater Daniel Fasnacht über die Zukunft des Geldes und die Entwicklung des Welthandels in Zeiten des chinesischen Wachstums. In: Konfuzius Magazin, 37, 2 April 2020, 26-33.

Wagner, Alexander F (2020). What the stock market tells us about the post-COVID-19 world. Nature Human Behaviour, 4(5):440.

Fu, Jonathan (2020). Ability or opportunity to act: What shapes financial well-being? World Development, 128:104843.

Tanner, Carmen. DSI Insights: Persönliche Integrität spielerisch fördern. In: inside-it.ch, 1 April 2020, online.

Morales-Acevedo, Paola; Ongena, Steven (2020). Fear, anger and credit. On bank robberies and loan conditions. Economic Inquiry, 58(2):921-952.

Ongena, Steven; Qi, Shusen (2020). Fuel the engine: bank credit and firm innovation. Journal of Financial Services Research, 57:115-147.

Jakovljević, Sanja; Degryse, Hans; Ongena, Steven (2020). Introduction to the Symposium on Contemporary Banking Research: The use of fixed effects to disentangle loan demand from loan supply. Economic Inquiry, 58(2):917-920.

Hörnlein, Lena. Financing the energy transition: the impact of a changing power sector on investors. 2020, University of Zurich, Faculty of Economics.

Epper, Thomas; Fehr, Ernst; Fehr-Duda, Helga; Kreiner, Claus Thustrup; Lassen, David Dreyer; Leth-Petersen, Søren; Rasmussen, Gregers Nytoft (2020). Time discounting and wealth inequality. American Economic Review, 110(4):1177-1205.

Hens, Thorsten; Schindler, Nilüfer (2020). Value and patience: The value premium in a dividend-growth model with hyperbolic discounting. Journal of Economic Behavior & Organization, 172:161-179.

Kölbel, Julian. Strategie: Nachhaltiges Investieren boomt. In: Finanz und Wirtschaft, 28 March 2020, 2.

Fehrler, Sebastian; Renerte, Baiba; Wolff, Irenaeus (2020). Beliefs about others: A striking example of information neglect. Thurgau Institute of Economics at the University of Konstanz 118, University of Zurich.

Degryse, Hans; Gündüz, Yalin; O'Flynn, Kuchulain; Ongena, Steven (2020). Identifying Empty Creditors with a Shock and Micro-Data. Swiss Finance Institute Research Paper 20-15, University of Zurich.

Fasnacht, Daniel (2020). The Way Forward - 21 Notes for the 21st Century Business Model. : medium.com.

Farkas, Walter; Mathys, Ludovic (2020). Geometric Step Options with Jumps: Parity Relations, PIDEs, and Semi-Analytical Pricing. Swiss Finance Institute Research Paper 20-11, University of Zurich.

Druz, Marina; Petzev, Ivan; Wagner, Alexander F; Zeckhauser, Richard J (2020). When Managers Change Their Tone, Analysts and Investors Change Their Tune. Financial Analysts Journal, 76(2):47-69.

Broda, Simon A; Paolella, Marc S (2020). Archmodels.Jl: Estimating Arch Models in Julia. Econometrics: Computer Programs & Software SSRN eJournal 3551503, University of Zurich.

Fasnacht, Daniel (2020). Die Ökosystemstrategie : Disruptive Innovationen mit klassischen Geschäftsmodellen kombinieren und neuen effektiven Mehrwert generieren. Zeitschrift Führung + Organisation, 89(03):168-173.

Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Woesthoff, Mathis-Hendrik (2020). Escaping the Backtesting Illusion. Journal of Portfolio Management, 46(4):81-93.

Basten, Christoph (2020). Higher Bank Capital Requirements and Mortgage Pricing: Evidence from the Counter-Cyclical Capital Buffer. Review of Finance, 24(2):453-495.

Ladika, Tomislav; Sautner, Zacharias (2020). Managerial short-termism and investment: Evidence from accelerated option vesting. Review of Finance, 24(2):305-344.

Krueger, Philipp; Sautner, Zacharias; Starks, Laura T (2020). The importance of climate risks for institutional investors. Review of Financial Studies, 33(3):1067-1111.

Akyildirim, Erdinc; Corbet, Shaen; Lucey, Brian; Sensoy, Ahmet; Yarovaya, Larisa (2020). The relationship between implied volatility and cryptocurrency returns. Finance Research Letters, 33:101212.

Leippold, Markus; He, Yunhao (2020). Short-run Risk, Business Cycle, and the Value Premium. SSRN 3519985, University of Zurich.

Fu, Jonathan; Krauss, Annette (2020). Preparing fertile ground: How does the business environment affect outcomes from microfinance? SSRN 3532466, University of Zurich.

Baes, Michel; Munari, Cosimo (2020). A continuous selection for optimal portfolios under convex risk measures does not always exist. Mathematical Methods of Operations Research, 91(1):5-23.

De Jonghe, Olivier; Dewachter, Hans; Ongena, Steven (2020). Bank capital (requirements) and credit supply: Evidence from pillar 2 decisions. Journal of Corporate Finance, 60:101518.

Brealey, Richard A; Cooper, Ian A; Habib, Michel A (2020). Cost of capital and valuation in the public and private sectors: tax, risk, and debt capacity. Journal of Business Finance and Accounting, 47(1-2):163-187.

Delis, Manthos D; Iosifidi, Maria; Kokas, Sotiris; Xefteris, Dimitrios; Ongena, Steven (2020). Enforcement actions on banks and the structure of loan syndicates. Journal of Corporate Finance, 60:101527.

Andrieș, Alin Marius; Nistor, Simona; Ongena, Steven; Sprincean, Nicu (2020). On Becoming an O-SII ("Other Systemically Important Institution"). Journal of Banking and Finance, 111:105723.

De Jonghe, Olivier; Dewachter, Hans; Mulier, Klaas; Ongena, Steven; Schepens, Glenn (2020). Some borrowers are more equal than others: Bank funding shocks and credit reallocation. Review of Finance, 24(1):1-43.

Ramelli, Stefano; Ossola, Elisa; Rancan, Michela (2020). Climate Sin Stocks: Stock Price Reactions to Global Climate Strikes. JRC Working Papers in Economics and Finance JRC120974, University of Zurich.

Fasnacht, Daniel (2020). Chinese tourists are disrupting european payment services. : BEI Business Engineering Institute St.Gallen.

Bergesio, Andrea; Huber, Paul; Koch-Medina, Pablo; Wilhelmy, Lutz (2020). The Valuation of Insurance Liabilities: A Framework Based on First Principle. Swiss Finance Institute Research Paper 20-03, University of Zurich.

Kölbel, Julian. So helfen grüne Investitionen nicht nur dem eigenen Gewissen. In: NZZ am Sonntag, 12 January 2020, 15.

Brumm, Johannes; Kotlikoff, Laurence; Kübler, Felix (2020). Leveraging Posterity's Prosperity? In: ASSA Annual Meeting, San Diego, CA, 3 January 2020 - 5 January 2020. American Economic Association, 152-156.

Farkas, Walter; Mathys, Ludovic; Vasiljevic, Nikola (2020). Intra-Horizon Expected Shortfall and Risk Structure in Models with Jumps. Swiss Finance Institute Research Paper 19-76, University of Zurich.

Ongena, Steven; King, Michael R; Tarashev, Nikola (2020). Bank standalone credit ratings. BIS Working Paper 542, Bank for International Settlements.

Kübler, Felix; Selden, Larry; Wei, Xiao (2020). Incomplete market demand tests for Kreps-Porteus-Selden preferences. Journal of Economic Theory, 185:104973.

Ongena, Steven; Kolaric, Sascha; Kiesel, Florian (2020). Market discipline through credit ratings and Too-Big-To-Fail in banking. Swiss Finance Institute Research Paper 17-09, University of Zurich.

Belkov, Sergei; Evstigneev, Igor V; Hens, Thorsten; Xu, Le (2020). Nash equilibrium strategies and survival portfolio rules in evolutionary models of asset markets. Mathematics and Financial Economics, 14:249-262.

Reppen, A Max; Soner, Halil Mete; Rochet, Jean-Charles (2020). Optimal dividend policies with random profitability. Mathematical Finance, 30(1):228-259.

Leippold, Markus; Bernardi, Simone; Lohre, Harald (2020). Second-Order Risk of Alternative Risk Parity Strategies. Journal of Risk, 21(3):1-25.

Zeisberger, Stefan; Borsboom, Charlotte (2020). What makes an investment risky? An analysis of price path characteristics. Journal of Economic Behavior & Organization, 169:92-125.

Perillo, Chiara. A macro-financial network perspective to policy analysis. 2020, University of Zurich, Faculty of Economics.

Ulrych, Urban; Vasiljevic, Nikola (2020). Ambiguity and the Home Currency Bias. Swiss Finance Institute Research Paper 20-73, Swiss Finance Institute.

Ramelli, Stefano; Wagner, Alexander (2020). COVID-19 and the Stock Market. In: Billio, Monica; Varotto, Simone. A new world post COVID-19 : Lessons for business, the finance industry and policy makers. Venice: Ca’ Foscari University Press, 111-124.

Wagner, Alexander (2020). COVID-19 und Aktienkurse. Expert Focus, 10:5.

Hens, Thorsten; Rieger, Marc Oliver; Wang, Mei (2020). Cultural Finance : A World Map of Risk, Time and Money. London: World Scientific Publishing.

Geng, Runjie. Essays in equilibrium asset pricing. 2020, University of Zurich, Faculty of Economics.

He, Yunhao. Essays on Factor Asset Pricing. 2020, University of Zurich, Faculty of Economics.

Schnetzer, Michael. Essays on Institutional Asset Management. 2020, University of Zurich, Faculty of Economics.

Baes, Michel; Koch-Medina, Pablo; Munari, Cosimo (2020). Existence, uniqueness, and stability of optimal payoffs of eligible assets. Mathematical Finance, 30:128-166.

Janssen, Alexandra. Expectations, Fear, and Returns in Currency Markets. 2020, University of Zurich, Faculty of Economics.

Beyene, Winta; Delis, Manthos D; De Greiff, Kathrin; Ongena, Steven (2020). Fuelling fossil fuel: bond to bank substitution in the transition to a low-carbon economy, principles for responsible investment. London: Principles for Responsible Investment.

Cheng, Hua; Gawande, Kishore; Ongena, Steven; Qi, Shusen (2020). Get beyond policy uncertainty: Evidence from political connections. Swiss Finance Institute Research Paper 20-77, University of Zurich.

Coculescu, Delia; Delbaen, Freddy (2020). Group cohesion under individual regulatory constraints. ArXiv.org 2010.0142, Cornell University.

Schnetzer, Michael (2020). How Good Is Tactical Asset Allocation Using Standard Indicators? Journal of Portfolio Management, 46(6):120-134.

Fasnacht, Daniel (2020). How WealthTech is re-inventing the customer experience by linking open innovation and technology. In: Schueffel, Patrick. WealthTech : Wealth and Asset Management in the FinTech Age. Charlotte: Information Age Publishing, 141-146.

Ekeland, Ivar; Rochet, Jean-Charles (2020). Il faut taxer la spéculation financiere. Paris: Odile Jacob Publie.

Coculescu, Delia; Dandapani, Aditi (2020). Insiders and their Free Lunches: the Role of Short Positions. ArXiv.org 2012.00359, Cornell University.

Yang, Hanlin. Learning and Systematic Investing. 2020, University of Zurich, Faculty of Economics.

Mazzone, Luca. Leverage, Business Cycles and Human Capital Accumulation. 2020, University of Zurich, Faculty of Economics.

Maples, Kenneth; Najnudel, Joseph; Nikeghbali, Ashkan (2020). Limit Operators for Circular Ensembles. In: Anantharaman, Nalini; Nikeghbali, Ashkan; Rassias, Michael Th. Frontiers in Analysis and Probability : In the Spirit of the Strasbourg-Zürich Meetings. Cham: Springer, 327-369.

Koch-Medina, Pablo; Munari, Cosimo (2020). Market-Consistent Prices An Introduction to Arbitrage Theory. Cham: Springer.

Basten, Christoph; Ongena, Steven (2020). Online mortgage platforms can allow small banks to improve their inter-regional diversification. London: VoxEU, CEPR Policy Portal.

Ettlin, Nicolas; Farkas, Walter; Kull, Andreas; Smirnow, Alexander (2020). Optimal risk-sharing across a network of insurance companies. Swiss Finance Institute Research Paper 20-52, University of Zurich.

Leippold, Markus; Vasiljevic, Nikola (2020). Option-Implied Intrahorizon Value at Risk. Management Science, 66(1):397-414.

Antoniou, Fabio; Delis, Manthos D; Ongena, Steven; Tsoumas, Christos (2020). Pollution permits and financing costs. London: VoxEU, CEPR Policy Portal.

Gandré, Pauline; Mariathasan, Mike; Merrouche, Ouarda; Ongena, Steven (2020). Regulatory arbitrage and the G20's global derivatives market reform. London: VoxEU, CEPR Policy Portal.

De Jonghe, Olivier; Dewachter, Hans; Mulier, Klaas; Ongena, Steven; Schepens, Glenn (2020). Some borrowers are more equal than others: Bank funding shocks and credit reallocation. VoxEU.org: VOX CEPR Policy Portal.

Ongena, Steven; Auer, Raphael (2020). Spillovers and the optimal design of macroprudential measures: Evidence from Switzerland. London: VoxEU, CEPR Policy Portal.

Gao, Niushan; Munari, Cosimo; Xanthos, Foivos (2020). Stability properties of Haezendonck–Goovaerts premium principles. Insurance: Mathematics and Economics, 94:94-99.

Danisewicz, Piotr; Ongena, Steven (2020). Stimulating entrepreneurial activity: The role of local government. London: VoxEU, CEPR Policy Portal.

Puschmann, Thomas; Leifer, Larry (2020). Sustainable Digital Finance: The Role of FinTech, InsurTech & Blockchain for Shaping the World for the Better. Zurich, Stanford: University of Zurich and Stanford University.

Andrieș, Alin Marius; Ongena, Steven; Sprincean, Nicu (2020). The Effects of the COVID-19 Pandemic Through the Lens of the CDS Spreads. In: Billio, Monica; Varotto, Simone. A New World Post COVID-19 Lessons for Business, the Finance Industry and Policy Makers. Venice: Ca’ Foscari University Press, 85-96.

Moreno, Antonio; Ongena, Steven; Ventula Veghazy, Alexia; Wagner, Alexander (2020). The Global Financial Crisis and the COVID-19 Pandemic. In: Billio, Monica; Varotto, Simone. A New World Post COVID-19: Lessons for Business, the Finance Industry and Policy Makers. Venice: Fondazione Università Ca’ Foscari, 23-34.

Gropp, Reint; Ongena, Steven; Rocholl, Jörg; Saadi, Vahid (2020). The cleansing effect of banking crises. London: VoxEU, CEPR Policy Portal.

Schärer, Steven Patrick. Three Essays on Financial Engineering. 2020, University of Zurich, Faculty of Economics.

Bilan, Andrada. Three Essays on the Consequences of Financial Market Frictions. 2020, University of Zurich, Faculty of Economics.

Wagner, Alexander F (2020). Vom Mythos der Best Practice in der Corporate Governance. In: Müller, Matthias P A; Forrer, Lucas; Zuur, Floris. Das Aktienrecht im Wandel : Zum 50. Geburtstag von Hans-Ueli Vogt. Zürich: Dike Verlag, 97-108.

Hens, Thorsten (2020). Will the Blockchain help to Denationalize Money? In: Leube, Kurt. The State and Its Limits : The Economic and Politics of Freedom for the Third Millennium: Essays in Honor of Prince Hans-Adam II of Liechtenstein. Triesen, Liechtenstein: van Eck Publishers, n/a.

2019

Akyildirim, Erdinc; Corbet, Shaen; Ekinci, Cumhur (2019). Analysing the dynamic influence of US macroeconomic news releases on Turkish stock markets. Finance Research Letters, 31:155-164.

Koch-Medina, Pablo; Albrecher, Hansjörg; Bommier, Antoine; Filipović, Damir; Loisel, Stéphane; Schmeiser, Hato (2019). Insurance: models, digitalization, and data science. European Actuarial Journal, 9(2):349-360.

Krauss, Annette; Chmelikova, Gabriela; Dvoulety, Ondrej (2019). Performance of Microfinance Institutions in Europe - Does Social Capital Matter? Socio-Economic Planning Sciences, 68:100670- 100670.

Paolella, Marc S; Polak, Paweł; Walker, Patrick S (2019). Regime switching dynamic correlations for asymmetric and fat-tailed conditional returns. Journal of Econometrics, 213(2):493-515.

Battiston, Stefano; Delpini, Danilo; Caldarelli, Guido; Riccaboni, Massimo (2019). Systemic risk from investment similarities. PLoS ONE, 14(5):e0217141-e0217141.

Eichholtz, Piet; Ongena, Steven; Mimiroglu, Nagihan; Yönder, Erkan (2019). Distance effects in CMBS loan pricing banks versus non-banks. Swiss Finance Institute Research Paper 19-58, University of Zurich.

Chesney, Marc. Microtaxa como resposta à overdose fiscal. In: Folha de S. Paulo : um jornal a serviço do Brasil, 3 November 2019, n/a.

Zeisberger, Stefan; Huber, Jürgen; Palan, Stefan (2019). Does investor risk perception drive asset prices in markets? Experimental evidence. Journal of Banking and Finance, 108:105635.

Daubanes, Julien; Rochet, Jean-Charles (2019). The Rise of NGO Activism. American Economic Journal: Economic Policy, 11(4):183-212.

Rochet, Jean-Charles; Thanassoulis, John (2019). Intertemporal price discrimination with two products. RAND Journal of Economics, 50(4):951-973.

Leippold, Markus; Yang, Hanlin (2019). Particle Filtering, Learning, and Smoothing for Mixed-Frequency State-Space Models. Econometrics and Statistics, 12:25-41.

Ongena, Steven; Popov, Alexander; van Horen, Neeltje (2019). The invisible hand of the government: moral suasion during the European sovereign debt crisis. American Economic Journal: Macroeconomics, 11(4):346-379.

Schmidt, Peter S; von Arx, Urs; Schrimpf, Andreas; Wagner, Alexander F; Ziegler, Andreas (2019). Common Risk Factors in International Stock Markets. Financial markets and portfolio management, 33(3):213-241.

Broda, Simon A (2019). Testing for Individual Sphericity in Heterogeneous Panels. Biometrika, 106(3):740-747.

Vargas, Carlos Alberto. Essays in sustainable finance. 2019, University of Zurich, Faculty of Economics.

Basten, Christoph; Ongena, Steven (2019). The geography of mortgage lending in times of FinTech. Swiss Finance Institute Research Paper 19-39, University of Zurich.

Alper, Koray; Altunok, Fatih; Taniu, Capacioglu; Ongena, Steven (2019). The effect of unconventional monetary policy on cross-border bank loans. SFI Research Paper 19-38, University of Zurich.

Katsarov, Johannes; Christen, Markus; Schmocker, David; Tanner, Carmen; Mauerhofer, Ralf (2019). Training moral sensitivity through video games: a review of suitable game mechanisms. Games and Culture, 14(4):344-366.

Tanner, Carmen; Gangl, Katharina; Witt, Nicole (2019). The German Ethical Culture Scale (GECS): Development and first construct testing. Frontiers in Psychology:10:1667.

Basten, Christoph; Siegenthaler, Michael (2019). Do Immigrants Take or Create Residents’ Jobs? Evidence from Free Movement of Workers in Switzerland. Scandinavian Journal of Economics, 121(3):994-1019.

Näf, Jeffrey; Paolella, Marc S; Polak, Paweł (2019). Heterogeneous tail generalized COMFORT modeling via Cholesky decomposition. Journal of Multivariate Analysis, 172:84-106.

Tosi, Adriano. Essays in systematic asset pricing. 2019, University of Zurich, Faculty of Economics.

Hens, Thorsten. Fluch oder Segen für die Marktstabilität? In: Finanz und Wirtschaft, 22 June 2019, 6.

Meyer, Julia; Krauss, Annette; Bachmann, Kremena (2019). Drivers of Investor Motivations for Impact Investments: The Case of Microfinance. SSRN 3395275, University of Zurich.

Meyer, Julia (2019). Outreach and performance of microfinance institutions: the importance of portfolio yield. Applied Economics, 51(27):2945-2962.

Nyborg, Kjell G; Wang, Zexi (2019). The effect of stock liquidity on cash holdings: The repurchase motiv. Swiss Finance Institute Research Paper 19-30, University of Zurich.

Hörnlein, Lena (2019). The value of gas-fired power plants in markets with high shares of renewable energy. Energy Economics, 81:1078-1098.

Hörnlein, Lena (2019). Utility divestitures in Germany. A case study of corporate financial strategies and energy transition risk. SSRN 2019-04, University of Zurich.

Necula, Ciprian; Drimus, Gabriel; Farkas, Walter (2019). A general closed form option pricing formula. Review of Derivatives Research, 22:1-40.

Böcking, Hans-Joachim; Bundle, Laura; Remo, Schmid; Wagner, Alexander. Vorstandsvergütung 2019 erneut auf dem Prüfstand. In: Börsen-Zeitung, 68, 6 April 2019, 12.

Petrov, Vladimir; Golub, Anton; Olsen, Richard (2019). Instantaneous Volatility Seasonality of High-Frequency Markets in Directional-Change Intrinsic Time. Journal of Risk and Financial Management, 12(2):54.

Beck, Thorsten; Ongena, Steven; Sendeniz-Yüncü, Ilkay (2019). Keep walking? Geographical proximity, religion, and relationship banking. Journal of Corporate Finance, 55:49-68.

Kubler, Felix; Selden, Larry; Wei, Xiao (2019). Time consistency, temporal resolution indifference and the separation of time and risk. Columbia Business School Working Paper -, Columbia Business School.

Leippold, Markus; Svatoň, Michal (2019). Trend and reversal of idiosyncratic volatility revisited. Critical Finance Review 3321678, SSRN.

Qi, Shusen; Ongena, Steven (2019). Will money talk? Firm bribery and credit access. Financial Management, 48(1):117-157.

Behnk, Sascha; Barreda-Tarrazona, Iván; García-Gallego, Aurora (2019). Deception and reputation – An experimental test of reporting systems. Journal of Economic Psychology, 71:37-58.

Bardgett, Chris; Gourier, Elise; Leippold, Markus (2019). Inferring volatility dynamics and risk premia from the S&P 500 and VIX markets. Journal of Financial Economics, 131(3):593-618.

Gotthelf, Nina; Uhl, Matthias W (2019). News Sentiment: A New Yield Curve Factor. Journal of Behavioral Finance, 20(1):21-31.

Kara, Alper; Marques-Ibanez, David; Ongena, Steven (2019). Securitization and credit quality in the European market. European financial management, 25(2):407-434.

Bielagk, Jana; Horst, Ulrich; Moreno-Bromberg, Santiago (2019). Trading Under Market Impact: Crossing Networks Interacting With Dealer Markets. Journal of Economic Dynamics and Control, 100:131-151.

Nyborg, Kjell G (2019). Repo Rates and the Collateral Spread Puzzle. Swiss Finance Institute Research Paper 19-04, University of Zurich.

Nyborg, Kjell G; Rösler, Cornelia (2019). Repo Rates and the Collateral Spread: Evidence. Swiss Finance Institute Research Paper 19-05, University of Zurich.

Ravanelli, Claudia; Svindland, Gregor (2019). Ambiguity sensitive preferences in Ellsberg frameworks. Economic Theory, 67(1):53-89.

Braggion, Fabio; Ongena, Steven (2019). Banking sector deregulation, bank–firm relationships and corporate leverage. Economic Journal, 129(618):765-789.

Rüegg, Roger. Essays on active investing. 2019, University of Zurich, Faculty of Economics.

Böcking, Hans-Joachim; Bundle, Laura; Schmid, Remo; Wagner, Alexander (2019). Neukonzeption der variablen Vorstandsvergütung durch den Entwurf des deutschen Corporate Governance Kodex. Der Betrieb, 4:137-144.

Fasnacht, Daniel (2019). Who is going to eat the bank's lunch? London: Finextra.

He, Qing; Lu, Liping; Ongena, Steven (2019). Who gains from credit granted between firms? Evidence from inter-corporate loan announcements made in China. In: ASSA, Atlanta, 4 January 2019 - 6 January 2019, SSRN.

Gropp, Reint; Mosk, Thomas; Wix, Carlo; Ongena, Steven (2019). Banks response to higher capital requirements: evidence from a quasi-natural experiment. Review of Financial Studies, 32(1):266-299.

Delis, Manthos; Fringuellotti, Fulvia; Ongena, Steven (2019). Credit and Income. CEPR Discussion Papers 13468, Centre for Economic Policy Research (CEPR).

Bradbury, Meike A S; Hens, Thorsten; Zeisberger, Stefan (2019). How Persistent are the Effects of Experience Sampling on Investor Behavior? Journal of Banking and Finance, 98:61-79.

Hummel, Katrin; Laun, Ute; Krauss, Annette (2019). Integration ökologischer und sozialer Aspekte in das Kerngeschäft Europäischer Banken. In: Eberle, Reto; Oesch, David; Pfaff, Dieter. Jahrbuch für Finanz- und Rechnungswesen 2019. Zürich: WEKA, 247-274.

Bernardi, Simone; Leippold, Markus; Lohre, Harald (2019). Second-Order Risk of Alternative Risk Parity Strategies. SSRN 3090624, University of Zurich.

Coculescu, Delia; Delbaen, Freddy (2019). Surplus Sharing with Coherent Utility Functions. Risks, 7(1):7.

Paolella, Marc; Polak, Pawel; Walker, Patrick (2019). A Flexible Regime Switching Model for Asset Returns. Swiss Finance Institute Research Paper 19-27, University of Zurich.

von der Crone, Hans Caspar; Monsch, Martin; Meisser, Luzius (2019). Aktien-Token. GesKR: Schweizerische Zeitschrift für Gesellschafts- und Kapitalmarktrecht sowie Umstrukturierungen, 1:1-17.

Bilan, Andrada; Degryse, Hans; O'Flynn, Kuchulain; Ongena, Steven (2019). Application in banking: securitization and global banking. In: Tsionas, Mike. Panel Data Econometrics: Empirical Applications. Cambridge: Elsevier, 743-770.

Bilan, Andrada; Degryse, Hans; O'Flynn, Kuchulain; Ongena, Steven (2019). Banking and financial markets: How banks and financial technology are reshaping financial markets. Basingstoke, England: Palgrave Macmillan.

Schnetzer, Michael (2019). Carry-Based Expected Returns for Strategic Asset Allocation. Journal of Portfolio Management, 45(2):68-81.

Degryse, Hans; Morales Acevedo, Adiana Paola; Ongena, Steven (2019). Competition in the banking sector. In: Berger, Allen N; Molyneux, Philip; Wilson, John O S. The Oxford Handbook of Banking (3. Auflage). Oxford: Oxford University Press, 776-813.

Hens, Thorsten; Elmiger, Sabine (2019). Economic Foundations for Finance : From Main Street to Wall Street. Cham: Springer.

Böcking, Hans-Joachim; Bundle, Laura; Schmid, Remo; Wagner, Alexander (2019). Eine Analyse zur Vergütung von 100 Schweizer und 130 deutschen Unternehmen unter besonderer Berücksichtigung der Corporate Governance. Der Konzern, 2019(2):61-69.

Petrov, Vladimir. Essays on Directional-Change Intrinsic Time. 2019, University of Zurich, Faculty of Economics.

De Greiff, Kathrin. Essays on the Link of Climate Change and the Banking Sector. 2019, University of Zurich, Faculty of Economics.

Hammerschmid, Regina. Essays on the pricing of commodity and currency returns. 2019, University of Zurich, Faculty of Economics.

Mukhlynina, Lilia. Essays on valuation, investments, and asset pricing. 2019, University of Zurich, Faculty of Economics.

Fasnacht, Daniel (2019). How WealthTech is re-inventing the customer experience by linking open innovation and technology. Charlotte: Information Age Publishing.

Brown, Katherine; Wood, David; Paetzold, Falko (2019). Impact Investing for the Next Generation: Insights from Young Members of Investor and Business Families. Cologny/Geneva: World Economic Forum.

Yum, Pearline (2019). Impact Investing: Mapping Families' Interests and Activities. New York: The ImPact.

Bjorheim, Jacob (2019). Kreditmärkte - Problem oder Lösung. In: Adamovich, Ivan; Schaltegger, Christoph A. Vom Kredit zur Schuld : Wenn Verschuldung die Freiheit bedroht. Zürich: NZZ Libro, 83-106.

Bedendo, Mascia; Garcia, Emilia; Siming, Linus (2019). Kultur prägt die Finanzierungsstruktur der Unternehmen. Zürich: Ökonomenstimme – Die Internetplattform für Ökonominnen und Ökonomen im deutschsprachigen Raum.

Petrov, Vladimir; Golub, Anton (2019). Listening to the financial heartbeat with agent-based models. London - Informa Connect: Quant Finance.

Hens, Thorsten; Ritter, Andreas (2019). Mystery Shopping als Teil der Compliance - Am Beispiel des Bilanz Private Banking Rating. Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht (SZW), (6):568-581.

Hediger, Simon; Michel, Loris; Näf, Jeffrey (2019). On the Use of Random Forest for Two-Sample Testing. ArXiv.org 190306287, Cornell University.

Stimmler, Diana; Tanner, Carmen (2019). Preventing wrongdoing and promoting ethical conduct: An integrated approach to corporate ethical culture. In: Kirchler, Erich; Gangl, Katharina. A Research Agenda for Economic Psychology. Cheltenham: Edward Elgar Publishing, 123-138.

Maddaloni, Angela; Scopelliti, Alessandro (2019). Prudential regulation, national differences and banking stability. European Central Bank: ECB - Frankfurt am Main.

Coculescu, Delia; Jeanblanc, Monique (2019). Some no-arbitrage rules under short-sales constraints, and applications to converging asset prices. Finance and Stochastics, 23(2):397-421.

Kwon, Taeun; Paetzold, Falko (2019). Sustainable Investing Capabilities of Private Banks : 3rd Report: Assessment of 20 European Private Banks; 2019. Zurich: University of Zurich.

Goncharenko, Roman; Ongena, Steven; Rauf, Asad (2019). The agency of CoCos: Why contingent convertible bonds aren't for everyone. London: VoxEU, CEPR Policy Portal.

Fringuellotti, Fulvia. Three Essays on Bank Lending. 2019, University of Zurich, Faculty of Economics.

Richter, Thomas Julian. Trading, Liquidity and Regulation in Sovereign Bond Markets. 2019, University of Zurich, Faculty of Economics.

2018

Wagner, Alexander. The Experiment Donald Trump. In: finews.asia: Where Finance Meets, 24 December 2018, online.

Kölbel, Julian; Heeb, Florian; Paetzold, Falko; Busch, Timo (2018). Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact. SSRN 3289544, University of Zurich.

Ramelli, Stefano; Wagner, Alexander; Ziegler, Alexandre; Zeckhauser, Richard (2018). Does it Pay to be Climate-Responsible in the Trump Era? Ontario, Canada: Network for Business Sustainability.

Meyer, Julia; Hess, Kelly (2018). Swiss Investments for Development Characteristics of a Market with Strong Growth Dynamics. In: Wendt, Karen. Sustainable Financial Innovation. Oxford: Taylor and Francis, 172-190.

Leippold, Markus; Rüegg, Roger. Besser als der Ruf. In: Schweizer Versicherung - Monatsmagazin für Assekuranz, Finanzen und Vorsorge, 3 December 2018, n/a.

Monasterolo, Irene; Zheng, Jiani Isabelle; Battiston, Stefano (2018). Climate Transition Risk and Development Finance: A Carbon Risk Assessment of China's Overseas Energy Portfolios. China & World Economy, 26(6):116-142.

Bruno, Brunella; Garcia-Appendini, Emilia; Nocera, Giacomo (2018). Experience and Brokerage in Asset Markets: Evidence from Art Auctions. Financial Management, 47(4):833-864.

Hens, Thorsten; Lensberg, Terje; Schenk-Hoppé, Klaus Reiner (2018). Front-Running and Market Quality: An Evolutionary Perspective on High Frequency Trading. International Review of Finance, 18(4):727-741.

Rohner, Philippe; Uhl, Matthias W (2018). The Compensation Portfolio. Finance Research Letters, 27:60-64.

Wagner, Alexander. En la encrucijada de la corrupción. In: El Comercio, 26 November 2018, 11.

Perillo, Chiara; Battiston, Stefano (2018). A multiplex financial network approach to policy evaluation: the case of euro area Quantitative Easing. Applied Network Science, 3:49.

Hens, Thorsten. Fit für die Zukunft : Welches Rüstzeug braucht der Banker von morgen? In: Finanz und Wirtschaft, 12 November 2018, 19.

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, Alexander (2018). Investing in managerial honesty. London: VOX CEPR Policy Portal.

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, Alexander. This is how honesty and trust can affect investment decisions. In: World Economic Forum, 5 November 2018, online.

Akyildirim, Erdinc; Nguyen, Duc Khuong; Sensoy, Ahmet (2018). A tale of two risks in the EMU sovereign debt markets. Economics Letters, 172:102-106.

Wagner, Alexander F; Zeckhauser, Richard J; Ziegler, Alexandre (2018). Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes and Trade. Journal of Financial Economics, 130(2):428-451.

Chesney, Marc. Die Mikrosteuer ist gerechter. In: Saldo, 1 November 2018, 11.

Rüegg, Roger; Leippold, Markus (2018). The Mixed vs the Integrated Approach to Style Investing: Much Ado About Nothing? European financial management, 24(5):829-855.

Jochem, Torsten; Ladika, Tomislav; Sautner, Zacharias (2018). The retention effects of unvested equity: Evidence from accelerated option vesting. Review of Financial Studies, 31(11):4142-4186.

Chesney, Marc; Vargas, Carlos; Balietti, Anca (2018). Long-Term Investment Choices for Quinoa Farmers in Puno, Peru: A Real Options Case Study. International Journal of Food and Agricultural Economics, 6(4):1-19.

Ramelli, Stefano; Wagner, Alexander; Ziegler, Alexandre; Zeckhauser, Richard (2018). Stock price rewards for climate saints and sinners. London: VoxEU, CEPR Policy Portal.

Behnk, Sascha; Barreda-Tarrazona, Iván; García-Gallego, Aurora (2018). Punishing liars - how monitoring affects honesty and trust. PLoS ONE, 13(10):1-30.

Fasnacht, Daniel (2018). The Advantages of China in the U.S. Trade War. Sunnyvale, CA: LinkedIn.

Yang, Hanlin; Leippold, Markus (2018). Particle Filtering, Learning, and Smoothing for Mixed-Frequency State-Space Models. SSRN 2856948, University of Zurich.

Broda, Simon A; Krause, Jochen; Paolella, Marc S (2018). Approximating expected shortfall for heavy-tailed distributions. Econometrics and Statistics, 8:184-203.

Kwon, Taeun; Paetzold, Falko (2018). Sustainable Investing Capabilities of Private Banks : 2nd Report: Assessment of 15 European Private Banks; 2018. Zurich: University of Zurich.

Chesney, Marc (2018). Lehman Brothers: the bankruptcy of a bank and that of a system. Schweiz: SWI swissinfo.ch.

Chesney, Marc. La faillite de Lehman Brothers est celle d'un système. In: Le Temps, 12 September 2018, 17.

Chesney, Marc. Lehman Brothers: der Bankrott einer Bank und derjenige eines Systems. In: Neue Zürcher Zeitung, 11 September 2018, 10.

Chesney, Marc. Новые «Леман Бразерс» : Банковская система несет в себе зерна кризисов. К юбилею финансового краха 2008 года. In: Новая газета, 10 September 2018, 8.

Busch, Timo; Kölbel, Julian. ESG-Medienberichterstattung und finanzielles Risiko von Unternehmen. In: Absolut Impact, 1 September 2018, n/a.

Dacorogna, Michel; Ferriero, Alessandro; Krief, David (2018). One-Year Change Methodologies for Fixed-Sum Insurance Contracts. Risks, 6(3):75.

Battiston, Stefano; Karpf, Andreas; Mandel, Antoine (2018). Price and network dynamics in the European carbon market. Journal of Economic Behavior & Organization, 153:103-122.

Ceccarelli, Marco (2018). When Companies Use Their Wiggle Room, Which Investors Care? Swiss Finance Institute Research Paper 18-62, University of Zurich.

Fasnacht, Daniel (2018). How ecosystems in Asia are threatening Western banks. London: Finextra.

Hens, Thorsten. Früh investieren lohnt sich. In: Finanz und Wirtschaft, 14 August 2018, 18.

Chesney, Marc; Vargas, Carlos (2018). What are You Waiting to Invest? Long-Term Investment in Grid-Connected Residential Solar Energy in California. A Real Options Analysis. SSRN 3231984, University of Zurich.

Hens, Thorsten. Die Theorie überlisten. In: Finanz und Wirtschaft, 4 August 2018, 18-1.

Sautner, Zacharias; Vladimirov, Vladimir (2018). Indirect costs of financial distress and bankruptcy law: Evidence from trade credit and sales. Review of Finance, 22(5):1667-1704.

Wagner, Alexander; Zeckhauser, Richard J; Ziegler, Alexandre (2018). Paths to Convergence: Stock Price Behavior After Donald Trump's Election. Swiss Finance Institute Research Paper 17-36, University of Zurich.

Hens, Thorsten. Gegen die herrschende Meinung. In: Finanz und Wirtschaft, 30 July 2018, 18-1.

Ongena, Steven; Braggion, Fabio (2018). The 1971 UK banking deregulation had a positive effect on firms. London: LSE London School of Economics and Political Science.

Hens, Thorsten. Mit Nichtstun reich werden. In: Finanz und Wirtschaft, 17 July 2018, n/a.

Albertazzi, Ugo; Fringuellotti, Fulvia; Ongena, Steven (2018). Fixed rate versus adjustable rate mortgages: Evidence from Euro area banks. Bank of Italy Temi di Discussione 1176, University of Zurich.

Ongena, Steven; Tumer-Alkan, Gunseli; von Westernhagen, Natalja (2018). Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home? Review of Finance, 22(4):1335-1373.

Ongena, Steven; Zalewska, Anna (Ania) (2018). Institutional and individual investors: Saving for old age. Journal of Banking and Finance, 92:257-268.

Battiston, Stefano; Monasterolo, Irene; Stolbova, Veronika (2018). A Financial Macro-Network Approach to Climate Policy Evaluation. Ecological Economics, 149:239-253.

Hammerschmid, Regina; Lohre, Harald (2018). Regime shifts and stock return predictability. International Review of Economics and Finance, 56:138-160.

Bernardi, Simone. Three essays on regulatory, market, and estimation risk. 2018, University of Zurich, Faculty of Economics.

Koch-Medina, Pablo; Munari, Cosimo; Svindland, Gregor (2018). Which eligible assets are compatible with comonotonic capital requirements? Insurance: Mathematics and Economics, 81:18-26.

Geng, Runjie (2018). Recursive equilibria in dynamic economies with bounded rationality. In: Society for Economic Dynamics (SED), Mexico City, 28 June 2018 - 30 June 2018. s.n., 1-25.

Kübler, Felix; Scheidegger, Simon (2018). Self-justified equilibria: Existence and computation. In: Society for Economic Dynamics (SED), Mexico City, 28 June 2018 - 30 June 2018. s.n., 1-22.

Hens, Thorsten; Mayer, János (2018). Decision Theory Matters for Financial Advice. Computational Economics, 52(1):195-226.

Almansour, Abdullah M; Ongena, Steven (2018). Bank loan announcements and religious investors: Empirical evidence from Saudi Arabia. Journal of Empirical Finance, 47:78-89.

Fuhrer, Lucas Marc (2018). Liquidity in the Repo Market. Journal of International Money and Finance, 84:1-22.

Tanner, Carmen; Gangl, Katharina; Witt, Nicole (2018). The Corporate Ethical Culture Scale (CECS): A New Measure of Ethical Culture. SSRN 3186096, University of Zurich.

Delis, Manthos; De Greiff, Kathrin; Ongena, Steven (2018). The carbon bubble and the pricing of bank loans. London: VoxEU, CEPR Policy Portal.

Kübler, Felix; Mikushin, Dmitry; Scheidegger, Simon; Schenk, Olaf (2018). Rethinking large-scale economic modeling for efficiency: optimizations for GPU and Xeon Phi clusters. In: IPDPS 2018, Vancouver, BC, Canada, 21 May 2018 - 25 May 2018, Institute of Electrical and Electronics Engineers.

Meisser, Luzius; Meisser, Christian; Kogens, Ronald (2018). Verfügungsmacht und Verfügungsrecht an Bitcoins im Konkurs. Jusletter IT:online.

Delis, Manthos; De Greiff, Kathrin; Ongena, Steven (2018). Being stranded on the carbon bubble? Climate policy risk and the pricing of bank loans. SFI Research Paper 8-10, University of Zurich.

Wagner, Alexander; Zeckhauser, Richard J; Ziegler, Alexandre (2018). Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform. American Economic Association. Papers and Proceedings, 108(May):590-596.

Temesvary, Judit; Ongena, Steven; Owen, Ann L (2018). A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks? Journal of International Economics, 112:50-69.

Chesney, Marc; Vasiljevic, Nikola (2018). Parisian Options with Jumps: A Maturity-Excursion Randomization Approach. Quantitative Finance, 18(11):1887-1908.

Albrecher, Hansjörg; Bauer, Daniel; Embrechts, Paul; Filipović, Damir; Koch-Medina, Pablo; Korn, Ralf; Loisel, Stéphane; Pelsser, Antoon; Schiller, Frank; Schmeiser, Hato; Wagner, Joël (2018). Asset-liability management for long-term insurance business. European Actuarial Journal, 8(1):9-25.

Meisser, Luzius; Hauser-Spühler, Gabriela (2018). Eigenschaften der Kryptowährung Bitcoin. Digma, 1:6-12.

Chesney, Marc; Balietti, Anca; Vargas, Carlos (2018). Long-term Investment Choices for Quinoa Farmers in Puno, Peru: A Real Options Case Study. SSRN 3175262, University of Zurich.

Sikic, Mario; Schweizer, Martin; Zivoi, Danijel (2018). Dynamic Mean-Variance Optimization Problems with Deterministic Information. International Journal of Theoretical and Applied Finance, 21(02):1850011.

D'Errico, Marco; Battiston, Stefano; Peltonen, Tuomas; Scheicher, Martin (2018). How does risk flow in the credit default swap market? Journal of Financial Stability, 35:53-74.

Roukny, Tarik; Battiston, Stefano; Stiglitz, Joseph E (2018). Interconnectedness as a Source of Uncertainty in Systemic Risk. Journal of Financial Stability, 35:93-106.

Gao, Niushan; Leung, Denny; Munari, Cosimo; Xanthos, Foivos (2018). Fatou property, representations, and extensions of law-invariant risk measures on general Orlicz spaces. Finance and Stochastics, 22(2):395-415.

Fu, Jonathan (2018). Ability and Opportunity to Act: What Predicts Financial Health in Developed and Emerging Economies? CSP Working Paper Series (formerly CMFWorking Paper Series) 06, University of Zurich.

Iyer, Rajkamal; Sautner, Zacharias (2018). Contracting between Firms: Empirical Evidence. The Review of Economics and Statistics, 100(1):92-104.

Koch-Medina, Pablo; Wenzelburger, Jan (2018). Equilibria in the CAPM with non-tradeable endowments. Journal of Mathematical Economics, 75:93-107.

Braggion, Fabio; Dwarkasing, Mintra; Ongena, Steven (2018). Household wealth inequality, entrepreneurs’ financial constraints and the Great Recession: Evidence from the Kauffman Firm Survey. Small Business Economics, 50(3):533-543.

Basten, Christoph; Mariathasan, Mike (2018). How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold. CESifo Working Papers 6901, CESifo.

Habib, Michel A (2018). Multifaceted Transactions and Organizational Ownership. Review of Corporate Finance Studies, 7(1):22-69.

Loepfe, Andreas. Objektive Immobilienbewertung : Eine Fata Morgana. In: Schweizer Personalvorsorge, 02, 1 February 2018, 92-95.

Grosshans, Daniel; Zeisberger, Stefan (2018). All's Well That Ends Well? On the Importance of How Returns Are Achieved. Journal of Banking and Finance, 87:397-410.

Gerpe, Rafael. Kryptowährungen bieten Diversifikation : Die Kursbewegungen von Bitcoin & Co. weisen nahezu keinen Zusammenhang zu den etablierten Anlageklassen auf. In: Finanz und Wirtschaft, 23 January 2018, online.

Koch-Medina, Pablo; Munari, Cosimo; Šikić, Mario (2018). A simple characterization of tightness for convex solid sets of positive random variables. Positivity, 22(4):1015-1022.

Bloechlinger, Andreas; Leippold, Markus (2018). Are ratings the worst form of credit assessment apart from all the others? Journal of Financial and Quantitative Analysis, 53(1):299-334.

Cooper, Ian A; Nyborg, Kjell G (2018). Consistent valuation of project finance and LBOs using the flows-to-equity method. European financial management, 24(1):34-52.

Leippold, Markus; Bernardi, Simone; Lohre, Harald (2018). Maximum diversification strategies along commodity risk factors. European financial management, 24(1):53-78.

Rochet, Jean-Charles; Coculescu, Delia (2018). Shareholder Risk Measures. Mathematical Finance, 28(1):5-28.

Chesney, Marc (2018). A Permanent Crisis. The Financial Oligarchy’s Seizing of Power and the Failure of Democracy. Cham: Springer International Publishing.

Dacorogna, Michel (2018). A change of paradigm for the insurance industry. Annals of Actuarial Science, 12(2):211-232.

Chesney, Marc; Krakow, Nils Jonathan; Maranghino-Singer, Brigitte; Münstermann, Lukas (2018). Asset Pricing : Finanzderivate und ihre Systemrisiken. Wiesbaden: Springer.

Bachmann, Kremena; De Giorgi, Enrico; Hens, Thorsten (2018). Behavioral Finance for Private Banking. Chichester, UK: John Wiley & Sons.

Paolella, Marc S; Polak, Pawel (2018). COBra: Copula-Based Portfolio Optimization. In: Kreinovich, Vladik; Sriboonchitta, Songsak; Chakpitak, Nopasit. Predictive Econometrics and Big Data. Cham: Springer International Publishing, 36-77.

Bachmann, Kremena (2018). Can advisors eliminate the outcome bias in judgements and outcome-based emotions? Review of Behavioral Finance, 10(4):336-352.

Olsen, Richard; Battiston, Stefano; Caldarelli, Guido; Golub, Anton; Nikulin, Mihail; Ivliev, Sergey (2018). Case study of Lykke exchange: architecture and outlook. Journal of Risk Finance, 19(1):26-38.

Célérier, Claire; Kick, Thomas; Ongena, Steven (2018). Changes in the Cost of Bank Equity and the Supply of Bank Credit. In: Mayer, Colin; Micossi, Stefano; Onado, Marco; Pagano, Marco; Polo, Andrea. Finance and investment : the European case. Oxford: Oxford University Press, 169-179.

Rochet, Jean-Charles; Moreno, Santiago (2018). Continuous-Time Models in Corporate Finance, Banking, and Insurance. Princeton, USA: Princeton University Press.

Volkart, Rudolf; Wagner, Alexander (2018). Corporate Finance: Grundlagen von Finanzierung und Investition (7., aktualisierte Auflage 2018). Zürich: Versus Verlag.

Hammerschmid, Regina; Janssen, Alexandra (2018). Crash-o-phobia in Currency Carry Trade Returns. Swiss Finance Institute Research Paper 18-64, SSRN.

Garcia-Appendini, Emilia; Bedendo, Mascia; Siming, Linus (2018). Cultural Preferences and Firm Financing Choices. SSRN 2979247, University of Zurich.

Jones, Jill; Ongena, Steven; Pappas, Vasileios; Tsionas, Mike; Izzeldin, Marwan (2018). Efficiency Convergence in Islamic and Conventional Banks. SSRN n/a, University of Zurich.

Böhm, Gisela; Tanner, Carmen (2018). Environmental Risk Perception. In: Steg, Linda; de Groot, Judith I M. Environmental psychology : an introduction (Second edition. - 2018). West Sussex, UK: John Wiley, 15-25.

Langnickel, Ferdinand. Essays in Behavioral Finance. 2018, University of Zurich, Faculty of Economics.

Sokko, Anastasiia. Essays in behavioural financial markets and asset pricing. 2018, University of Zurich, Faculty of Economics.

Moreno-Bromberg, Santiago. Essays on Liquidity Management, Threshold Strategies and Agency Frictions. 2018, University of Zurich, Faculty of Economics.

Garcia-Appendini, Emilia (2018). Financial distress and competitors' investment. Journal of Corporate Finance, 51:182-209.

Paolella, Marc (2018). Fundamental Statistical Inference: A Computational Approach. New York: John Wiley & Sons.

Rohner, Philippe; Uhl, Matthias W (2018). Increasing Investor Happiness with Holistic and Goal-Based Investment Advice. Journal of Wealth Management, 20(4):22-28.

Farkas, Walter; Smirnow, Alexander (2018). Intrinsic Risk Measures. In: Glau, Kathrin; Linders, Daniel; Min, Aleksey; Scherer, Matthias; Schneider, Lorenz; Zagst, Rudi. Innovations in Insurance, Risk- and Asset Management. Munich: World Scientific Publishing, 163-184.

Chesney, Marc (2018). La crise permanente: L'oligarchie financière et l'échec de la démocratie. Quanto, Lausanne: PPUR Presses Polytechniques.

Paolella, Marc (2018). Linear Models and Time-Series Analysis: Regression, ANOVA, ARMA and GARCH. New York: John Wiley & Sons.

Walker, Patrick. Multivariate non-Gaussian models for quantitative risk and portfolio management. 2018, University of Zurich, Faculty of Economics.

Mahmoud, Ola (2018). On the consistency of choice. Theory and Decision, 83(4):547-572.

Leippold, Markus; Vasiljevic, Nikola (2018). Option-Implied Intra-Horizon Value-at-Risk. SSRN 2804702, University of Zurich.

Kryczka, Dominika. Recursive Equilibria in Non-Optimal Financial Economies. 2018, University of Zurich, Faculty of Economics.

Behnk, Sascha; Habschick, Marco; Evers, Jan (2018). Risikoprofiling ist mehr als Anlegertypbestimmung. In: Everling, Oliver; Müller, Monika. Risikoprofiling von Anlegern. Cologne: Bank-Verlag, 257-268.

Neufeld, Ariel; Sikic, Mario (2018). Robust Utility Maximization in Discrete-Time Markets with Friction. SIAM Journal on Control and Optimization, 56(3):1912-1937.

Delpini, Danilo; Battiston, Stefano; Caldarelli, Guido; Riccaboni, Massimo (2018). The Network of US Mutual Fund Investments: Diversification, Similarity and Fragility throughout the Global Financial Crisis. ArXiv.org 1801.02205, Cornell University.

Kölbel, Julian; Jentges, Erik (2018). The Six-Sentence Argument: Training Critical Thinking Skills Using Peer Review. Management Teaching Review, 3(2):118-128.

Puschmann, Thomas (2018). The WealthTech Book: The FinTech Handbook for Investors, Entrepreneurs and Finance Visionaries. Chichester, West Sussex: Wiley-Blackwell Publishing, Inc.

Jaeggi, Olivier; Webber Ziero, Gabriel; Tobin-de la Puente, John; Kölbel, Julian (2018). Understanding Sustainable Finance. In: Wendt, Karen. Positive Impact Investing : A Sustainable Bridge between Strategy, Innovation, Change and Learning. Berlin: Springer, 39-63.

Dacorogna, Michel; Elbahtouri, Laila; Kratz, Marie (2018). Validation of aggregated risks models. Annals of Actuarial Science, 12(2):433-454.

Schmid, Remo; Gloor, Petra; Wagner, Alexander (2018). Variable Vergütung mit strategischer Aktienzuteilung: Ein einfaches, langfristig orientiertes Vergütungssystem. Expert Focus, (8):572-577.

Chesney, Marc (2018). Vom Grossen Krieg zur permanenten Krise. In: Thier, Andreas; Schwab, Lea. 1914. Zürich: vdf Hochschulverlag AG an der ETH Zürich, 207-222.

Bachmann, Kremena; Hens, Thorsten; Stössel, Remo (2018). Which measures predict risk taking in a multi-stage controlled investment decision process? Financial Services Review, 26:339-365.

Nyborg, Inke. Wie Banknoten Bargeld wurden. Geld und Notenbanken in der Schweiz im langen 19. Jahrhundert. 2018, University of Zurich, Faculty of Economics.

2017

Birchler, Urs; Hegglin, René; Reichenecker, Michael Rudolf; Wagner, Alexander (2017). Which Swiss Gnomes Attract Money? Efficiency and Reputation as Performance Drivers of Wealth Management Banks. Swiss Finance Institute Research Paper 16-28, University of Zurich.

Dzhabarov, Constantine; Ziegler, Alexandre; Ziemba, William T (2017). Sell in May and Go Away: The Evidence in the International Equity Index Futures Markets. Quantitative Finance, 18(2):171-181.

Woschitz, Jiri (2017). Long-term Central Bank Repos and Bank Rollover Risk. n/a n/a, University of Zurich.

Sluban, Borut; Smailović, Jasmina; Novak, Petra Kralj; Mozetič, Igor; Battiston, Stefano (2017). Mapping Organizations' Goals and Leanings in the Lobbyist Network in Banking and Finance. In: Cherifi, Chantal; et al. Complex Networks & Their Applications VI - Studies in Computational Intelligence. Berlin: Springer, 1149-1161.

Hens, Thorsten; Mayer, János (2017). Cumulative prospect theory and mean-variance analysis: a rigorous comparison. Journal of Computational Finance, 21(3):47-73.

Jimenez, Gabriel; Ongena, Steven; Peydró, José Luis; Saurina, Jesús (2017). Macroprudential policy, countercyclical bank capital buffers, and credit supply: evidence from the Spanish dynamic provisioning experiments. Journal of Political Economy, 125(6):2126-2177.

Perillo, Chiara; Battiston, Stefano (2017). Real Implications of Quantitative Easing in the Euro Area: A Complex-Network Perspective. In: Cherifi, Chantal. Complex Networks & Their Applications VI - Studies in Computational Intelligence. Berlin: Springer, 1162-1173.

Meisser, Luzius (2017). The Code is the Model. International Journal of Microsimulation, 10(3):184-201.

Dacorogna, Michel; Busse, Marc (2017). The price of being a Systemically Important Financial Institution (SIFI). International Review of Finance, 17(4):611-616.

Wagner, Alexander. Investing in managerial honesty: opportunities and challenges for banks and regulators. In: International Banker, 30 November 2017, online.

Wenk, Christoph; Heller, Barbara. Der Verwaltungsrat ist zentraler Erfolgsfaktor. In: Finanz und Wirtschaft, 24 November 2017, online.

Loepfe, Andreas. Die Ökonomie der Verpackung : Performance unterschiedlicher Immobilien-Anlagestrukturen im Vergleich. In: Schweizer Personalvorsorge, 15 November 2017, 67-69.

Loepfe, Andreas. Buy and Hold – auch bei Fonds? : Der Swissinvest Immobilienfonds behauptet sich auf dem ersten Platz. In: NZZ, 8 November 2017, 9.

Schuldenzucker, Steffen; Seuken, Sven; Battiston, Stefano (2017). Default ambiguity: credit default swaps create new systemic risks in financial networks. SSRN 3043708, University of Zurich.

Richter, Thomas Julian; Östberg, Per Nils Anders (2017). The Sovereign Debt Crisis: Rebalancing or Freezes? Swiss Finance Institute Research Paper 17-32, University of Zurich.

Rochet, Jean-Charles; Gersbach, Hans (2017). Capital Regulation and Credit Fluctuations. Journal of Monetary Economics, 90:113-124.

Hegglin, René. Three essays on empirical banking. 2017, University of Zurich, Faculty of Economics.

Butler, Ronald W; Paolella, Marc S (2017). Autoregressive Lag-Order Selection Using Conditional Saddlepoint Approximations. Econometrics, 5(3):43.

Fu, Jonathan; Queralt, Jahel; Romano, Michele (2017). Financial inclusion and the 2030 Agenda for Sustainable Development: a missed opportunity. Enterprise Development and Microfinance, 28(3):200-211.

Moreno-Bromberg, Santiago; Vo, Quynh-Anh (2017). Resolution of financial distress under agency frictions. Journal of Banking and Finance, 82:40-58.

Tasca, Paolo; Deghi, Andrea; Battiston, Stefano (2017). Portfolio Diversification and Systemic Risk in Interbank Networks. Journal of Economic Dynamics and Control, 82:96-124.

Brumm, Johannes; Scheidegger, Simon (2017). Using Adaptive Sparse Grids to Solve High-Dimensional Dynamic Models. Econometrica, 85(5):1575-1612.

Leippold, Markus; Matthys, Felix (2017). Government Policy Uncertainty and the Yield Curve. SSRN 2664116, University of Zurich.

Meisser, Luzius. Wenn Bitcoins sicherer sind als Euros. In: Finanz und Wirtschaft, 18 August 2017, n/a.

Hens, Thorsten; Gerber, Anke (2017). Modelling alpha in a CAPM with heterogenous beliefs. Journal of Finance & Economics, 5(2):1-21.

Humphery‐Jenner, Mark; Sautner, Zacharias; Suchard, Jo‐Ann (2017). Cross‐border mergers and acquisitions: The role of private equity firms. Strategic Management Journal, 38(8):1688-1700.

Jimenez, Gabriel; Ongena, Steven; Peydró, José Luis; Saurina, Jesús (2017). In the short run blasé, In the long run risqué. Schmalenbach Business Review, 18(3):181-226.

Chesney, Marc; Lasserre, Pierre; Troja, Bruno (2017). Mitigating Global Warming: A Real Options Approach. Annals of Operations Research, 255(1-2):465-506.

Leippold, Markus; Stromberg, Jacob (2017). Strategic technology adoption and hedging under incomplete markets. Journal of Banking and Finance, 81:181-199.

Eftekhari, Aryan; Scheidegger, Simon; Schenk, Olaf (2017). Parallelized Dimensional Decomposition for Large-Scale Dynamic Stochastic Economic Models. In: The PASC17 Conference, Lugano, Switzerland, 26 July 2017 - 28 July 2017. ACM Press, 1-11.

Coculescu, Delia (2017). A default system with overspilling contagion. SSRN 3004484, University of Zurich.

Chesney, Marc; Gheyssens, Jonathan; Troja, Bruno (2017). Market uncertainty and risk transfer in REDD projects. Journal of Sustainable Forestry, 36(5):535-553.

Kübler, Felix; Polemarchakis, Herakles (2017). The identification of beliefs from asset demand. Econometrica, 85(4):1219 -1238.

Rajamani, Anjana; Van der Poel, Marieke; de Jong, Abe; Ongena, Steven (2017). The international diversification of banks and the value of their cross-border M&A advice. Management Science, 63(7):2211-2232.

Hens, Thorsten. Factor Investing - Von der Innovation zum Industriestandard. In: Finanz und Wirtschaft, 14 June 2017, 6.

Nyborg, Kjell G. Collateral Policy - Central Banking's Powerful Secret Ingredient. In: International Banker, 1 June 2017, 43-45.

Uhl, Matthias W (2017). Emotions Matter - Sentiment and Momentum in FX. Journal of Behavioral Finance, 18(3):249-257.

Coculescu, Delia (2017). From the decompositions of a stopping times to risk premium decompositions. ESAIM: Proceedings and Surveys, 60:1-60.

Gambacciani, Marco; Paolella, Marc S (2017). Robust normal mixtures for financial portfolio allocation. Econometrics and Statistics, 3:91-111.

Grosshans, Daniel; Zeisberger, Stefan; Langnickel, Ferdinand (2017). How Investment Performance Affects the Formation and Use of Beliefs. SSRN 2972112, University of Zurich.

Antonopoulos, Angelos; Kartsakli, Elli; Perillo, Chiara; Verikoukis, Christos (2017). Shedding Light on the Internet: Stakeholders and Network Neutrality. IEEE Communications Magazine, 55(7):216-223.

Paolella, Marc S (2017). The Univariate Collapsing Method for Portfolio Optimization. Econometrics, 5(2):18.

Basten, Christoph; von Ehrlich, Maximilian; Lassmann, Andrea (2017). Income taxes, sorting and the costs of housing: evidence from municipal boundaries in Switzerland. Economic Journal, 127(601):653-687.

Arismendi, Juan C; Broda, Simon (2017). Multivariate elliptical truncated moments. Journal of Multivariate Analysis, 157:29-44.

Kübler, Felix; Selden, Larry; Wei, Xiao (2017). What are asset demand tests of expected utility really testing? Economic Journal, 127(601):784-808.

Abad, Jorge; D'Errico, Marco; Killeen, Neill; Luz, Vera; Peltonen, Tuomas; Portes, Richard; Urbano, Teresa (2017). Mapping the interconnectedness between EU banks and shadow banking entities. London: VoxEU, CEPR Policy Portal.

Brumm, Johannes; Kübler, Felix; Grill, Michael; Schmedders, Karl (2017). Re-use of collateral: Leverage, volatility, and welfare. Swiss Finance Institute Research Paper 17-04, University of Zurich.

Farkas, Walter; Smirnow, Alexander (2017). Intrinsic risk measures. In: Innovations in Insurance, Risk- and Asset Management, München, 5 April 2017 - 7 April 2017. World Scientific Publishing Co. Pte. Ltd., 163-184.

Farkas, Walter; Gourier, Elise; Huitema, Robert; Necula, Ciprian (2017). A Two-Factor Cointegrated Commodity Price Model with an Application to Spread Option Pricing. Journal of Banking and Finance, 77:249-268.

Pappas, Vasileios; Ongena, Steven; Izzeldin, Marwan; Fuertes, Ana-Maria (2017). A survival analysis of islamic and conventional banks. Journal of Financial Services Research, 51(2):221-256.

Rieger, Marc Oliver; Wang, Mei; Hens, Thorsten (2017). Estimating cumulative prospect theory parameters from an international survey. Theory and Decision, 82(4):567-596.

Shahid Ebrahim, M; Molyneux, Philip; Ongena, Steven (2017). Finance and development in muslim economies. Journal of Financial Services Research, 51(2):165-167.

Leippold, Markus; Vasiljevic, Nikola (2017). Pricing and Disentanglement of American Puts in the Hyper-Exponential Jump-Diffusion Model. Journal of Banking and Finance, 77:78-94.

Hens, Thorsten; Rieger, Marc O; Wang, Mei (2017). The Impact of Culture on Loss Aversion. Journal of Behavioral Decision Making, 30(2):270-281.

Battiston, Stefano; Mandel, Antoine; Monasterolo, Irene; Schuetze, Franziska; Visentin, Gabriele (2017). A Climate stress-test of the financial system. Nature Climate Change, 7:283-288.

Abad, Jorge; D'Errico, Marco; Killeen, Neill; Luz, Vera; Peltonen, Tuomas; Portes, Richard; Urbano, Teresa (2017). Mapping the interconnectedness between EU banks and shadow banking entities. NBER Working Paper Series 23280, National Bureau of Economic Research.

Kölbel, Julian F; Busch, Timo; Jancso, Leonhardt M (2017). How Media Coverage of Corporate Social Irresponsibility Increases Financial Risk Media Coverage of Corporate Social Irresponsibility. Strategic Management Journal, 38(11):2266-2284.

Ongena, Steven; Schindele, Ibolya; Vonnak, Dzsamila (2017). Monetáris politika és a bankok hitelkínálata. Hungarian Economic Review, 64:217-237.

Halla, Martin; Wagner, Alexander F; Zweimüller, Josef (2017). Immigration and voting for the far right. Journal of the European Economic Association, 15(6):1341-1385.

Delis, Manthos D; Kokas, Sotiris; Ongena, Steven (2017). Bank market power and firm performance. Review of Finance, 21(1):299-326.

Nyborg, Kjell G (2017). Central bank collateral frameworks. Journal of Banking and Finance, 76:198-214.

Seele, Peter; Chesney, Marc (2017). Toxic sustainable companies? A critique on the shortcomings of current corporate sustainability ratings and a definition of ‘financial toxicity. Journal of Sustainable Finance & Investment, 7(2):139-146.

Wagner, Alexander; Zeckhauser, Richard J; Ziegler, Alexandre (2017). How Trump’s policies will affect corporate America: Evidence from company stock reactions. London: VoxEU.org / CEPR.

Wagner, Alexander; Zeckhauser, Richard J; Ziegler, Alexandre (2017). Company Stock Reactions to the 2016 Election Shock: Trump, Taxes, and Trade. Cambridge: Harvard Law School.

Delis, Manthos D; Ongena, Steven; Hasan, Iftekhar (2017). Democratic development lowers the cost of credit. London: VoxEU, CEPR Policy Portal.

Chesney, Marc. Wachstum in Frage stellen. In: Tages Anzeiger, 13 February 2017, Online.

Schmidt, Peter; von Arx, Urs; Schrimpf, Andreas; Ziegler, Andreas; Wagner, Alexander (2017). Size and Momentum Profitability in International Stock Markets. Swiss Finance Institute Research Paper 15-29, University of Zurich.

Leippold, Markus; Schärer, Steven (2017). Discrete-time option pricing with stochastic liquidity. Journal of Banking and Finance, 75:1-16.

Ongena, Steven; Yu, Yuejuan (2017). Firm industry affiliation and multiple bank relationships. Journal of Financial Services Research, 51(1):1-17.

Fuhrer, Lucas Marc; Müller, Benjamin; Steiner, Luzian (2017). The Liquidity Coverage Ratio and Security Prices. Journal of Banking and Finance, 75:292-311.

Nyborg, Kjell G. Das offene Geheimnis der Zentralbanken. In: NZZ, 26 January 2017, 30.

Nyborg, Kjell G (2017). Collateral frameworks: The open secret of central banks. London: VoxEU, CEPR Policy Portal.

Meisser, Luzius. Bitcoins Wilder Westen. In: Finanz und Wirtschaft, 12 January 2017, n/a.

Chesney, Marc. Terrorisme, la fin de la trêve. In: Le Temps, 12 January 2017, Online.

D'Errico, Marco; Roukny, Tarik (2017). Compressing over-the-counter markets. European Systemic Risk Board Working Paper Series (ESRB) 44, University of Zurich.

Klimenko, Nataliya; Pfeil, Sebastian; Rochet, Jean-Charles (2017). A Simple Macroeconomic Model with Extreme Financial Frictions. Journal of Mathematical Economics, 68:92-102.

Paolella, Marc S (2017). Asymmetric stable Paretian distribution testing. Econometrics and Statistics, 1:19-39.

Koch-Medina, Pablo; Munari, Cosimo; Šikić, Mario (2017). Diversification, protection of liability holders and regulatory arbitrage. Mathematics and Financial Economics, 11(1):63-83.

Meisser, Luzius; Kreuser, C Friedrich (2017). An agent-based simulation of the stolper–samuelson effect. Computational Economics, 50(4):533-547.

Brumm, Johannes; Kübler, Felix; Scheidegger, Simon (2017). Computing equilibria in dynamic stochastic macro-models with heterogeneous agents. In: Honoré, Bo; Pakes, Ariel; Piazzesi, Monika; Samuelson, Larry. Advances in Economics and Econometrics: Theory and Applications, Eleventh World Congress. Cambridge: Cambridge University Press, 185-230.

Wagner, Alexander; Weber, Rolf (2017). Corporate Governance auf der Blockchain. Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht (SZW), 1:59-70.

Hens, Thorsten; Sethe, Rolf (2017). Die Bestimmung der Angemessenheit und der Geeignetheit von Finanzdienstleistungen und Finanzinstrumenten. In: Weber, Rolf H; Stoffel, Walter A; Chenaux, Jean-Luc; Sethe, Rolf. Aktuelle Herausforderungen des Gesellschafts- und Finanzmarktrechts: Festschrift für Hans Caspar von der Crone zum 60. Geburtstag. Zürich: Schulthess Verlag, 589-618.

Goldberg, Lisa R; Mahmoud, Ola (2017). Drawdown: from practice to theory and back again. Mathematics and Financial Economics, 11(3):275-297.

Petzev, Ivan. Essays in Asset Pricing and Corporate Finance. 2017, University of Zurich, Faculty of Economics.

Ita, Andreas. Essays in Corporate Finance. 2017, University of Zurich, Faculty of Economics.

Schmidt, Peter. Essays on Financial Market Efficiency. 2017, University of Zurich, Faculty of Economics.

Bögli, Andrin. Essays on the Economics of Deception and Debt. 2017, University of Zurich, Faculty of Economics.

Bögli, Andrin. Essays on the economics of deception and dept. 2017, University of Zurich, Faculty of Economics.

De Giorgi, Enrico; Mahmoud, Ola (2017). How Elementary is Diversification? A Study of Children’s Portfolio Choice. SSRN 3018421, University of Zurich.

Zhang, Ally Quan; Thul, Matthias (2017). How Much Is the Gap? Efficient Jump Risk-Adjusted Valuation of Leveraged Certificates. Quantitative Finance, 17(9):1387-1401.

Paetzold, Falko (2017). Impact Investing. In: Swiss Sustainable Finance. Handbook for Sustainable Investments. Zurich: s.n., 97-111.

Krauss, Annette; Landolt, Simone (2017). Investieren in Mikrofinanz. Erträge und Risiken aus einer Perspektive der Verantwortung. In: Stüttgen, Manfred. Ethik von Banken und Finanzen. Zürich und Baden-Baden: Pano Verlag, 141-164.

Zhang, Quan. Limits of Arbitrage and Collateral Constraints. 2017, University of Zurich, Faculty of Economics.

Ineichen, Christian; Christen, Markus; Tanner, Carmen (2017). Measuring value sensitivity in medicine. BMC Medical Ethics, 18:5.

Paetzold, Falko (2017). Mit Vermögen gestalten. Vermögende Privatinvestoren und junge Erben legen Wert auf Nachhaltigkeit. In: Stüttgen, Manfred. Ethik von Banken und Finanzen. Zurich: s.n., 77-97.

Bardoscia, Marco; Battiston, Stefano; Caccioli, Fabio; Caldarelli, Guido (2017). Pathways towards instability in financial networks. Nature Communications, 8:14416.

Brumm, Johannes; Kryczka, Dominika; Kübler, Felix (2017). Recursive equilibria in dynamic economies with stochastic production. Econometrica, 85(5):1467-1499.

Titotto, Daniele; Ongena, Steven (2017). Shadow banking and competition: Decomposing market power by activity. In: Bikker, Jaap; Spierdijk, Laura. Research Handbook on Competition in Banking and Finance. Cheltenham UK: Edward Elgar Publishing, 264-304.

Coculescu, Delia; Jeanblanc, Monique (2017). Some No-Arbitrage Rules under Short-Sales Constraints and Applications to Converging Asset Prices. Mathematical Finance n/a, University of Zurich.

Göncü, Ahmet; Akyildirim, Erdinc (2017). Statistical arbitrage in the multi-asset Black–Scholes economy. Annals of Financial Economics, 12(01):1750004.

Paetzold, Falko; Chen, Tiffany; Kwon, Taeun (2017). Sustainable Finance Capabilities of Private Banks. Zurich: University of Zurich.

Schuldenzucker, Steffen; Seuken, Sven; Battiston, Stefano (2017). The Computational Complexity of Clearing Financial Networks with Credit Default Swaps. ArXiv.org 1710.01578, Cornell University.

Fattinger, Felix. The Pricing of Uncertain Information: From the Lab, to Derivatives Markets, to State-contingent Sovereign Debt. 2017, University of Zurich, Faculty of Economics.

Chhaibi, Reda; Najnudel, Joseph; Nikeghbali, Ashkan (2017). The circular unitary ensemble and the Riemann zeta function: the microscopic landscape and a new approach to ratios. Inventiones Mathematicae, 207(1):23-113.

Mahmoud, Ola (2017). The temporal dimension of risk. Journal of Risk, 19(3):57-83.

Brune, Amelie. Three Essays on Economic Crises. 2017, University of Zurich, Faculty of Economics.

Megally, Elisabeth. Three Essays on Managerial Compensation. 2017, University of Zurich, Faculty of Economics.

Gotthelf, Nina. Three Essays on Media Content and Financial Markets. 2017, University of Zurich, Faculty of Economics.

Woschitz, Jiri. Three Essays on Monetary Policy and Financial Markets. 2017, University of Zurich, Faculty of Economics.

Fuhrer, Lucas. Three Essays on Money and Liquidity. 2017, University of Zurich, Faculty of Economics.

Rösler, Cornelia. Three Essays on the Interbank Market. 2017, University of Zurich, Faculty of Economics.

Presse, André; Paetzold, Falko (2017). Towards a Global Climate Strategy: Reconciling ecological, entrepreneurial and social elements of Sustainability. In: George, Gerard; Schillebeeckx, Simon J D. Natural Resource Management. Singapore: s.n., 271-292.

2016

Chesney, Marc (2016). Der Terror ist Resultat einer bankrotten Politik. Infosperber: Schweizerische Stiftung zur Förderung unabhängiger Information.

D'Errico, Marco; Battiston, Stefano; Peltonen, Tuomas; Scheicher, Martin (2016). How does risk flow in the credit default swap market? European Systemic Risk Board Working Paper Series (ESRB) 33, University of Zurich.

Ongena, Steven; De Jonghe, Olivier; Dewachter, Hans; Mulier, Klaas; Schepens, Glenn (2016). Funding shocks and banks' credit reallocation. SFI Practitioner Roundups December 2016 12/16, University of Zurich.

McCahery, Joseph A; Sautner, Zacharias; Starks, Laura T (2016). Behind the scenes: the corporate governance preferences of institutional investors. Journal of Finance, 71(6):2905-2932.

Antonopoulos, Angelos; Perillo, Chiara; Verikoukis, Christos (2016). Internet Service Providers vs. Over-the-Top Companies Friends or Foes? SIGMETRICS Performance Evaluation Review, 44(3):37.

Ongena, Steven; Popov, Alexander (2016). Gender bias and credit access. Journal of Money, Credit and Banking, 48(8):1691-1724.

Albrecher, Hansjörg; Embrechts, Paul; Filipović, Damir; Harrison, Glenn W; Koch, Pablo; Loisel, Stéphane; Vanini, Paolo; Wagner, Joël (2016). Old-age provision: past, present, future. European Actuarial Journal, 6(2):287-306.

Buncic, Daniel; Lentner, Philipp (2016). The Term Structure of Interest Rates in an Estimated New Keynesian Policy Model. Journal of Macroeconomics, 50:126-150.

Nyborg, Kjell G; Fecht, Falko; Rocholl, Jörg; Woschitz, Jiri (2016). Collateral, Central Bank Repos, and Systemic Arbitrage. Swiss Finance Institute Research Paper 16-66, University of Zurich.

Chesney, Marc. La croissance en question. In: Le Temps, 15 November 2016, 1.

Wagner, Alexander (2016). How Does Managerial Tone Affect Market Reactions? : Swiss Finance Institute.

Wälchli, Boris (2016). A proximity based macro stress testing framework. Dependence Modeling, 4(1):251-276.

Battiston, Stefano; Zeng, An (2016). The multiplex network of EU lobby organizations. PLoS ONE, 11(10):e0158062-e0158062.

Bachmann, Kremena. Men are from Mars, women are from Venus: Does it matter in investing? In: The Charter, 14, 1 October 2016, 5-8.

Carletti, Elena; Colla, Paolo; Gulati, Mitu; Ongena, Steven (2016). Pricing contract terms in a crisis: Venezuelan bonds in 2016. Capital Markets Law Journal, 11(4):540-555.

Kara, Alper; Marques-Ibanez, David; Ongena, Steven (2016). Securitization and lending standards: Evidence from the European wholesale loan market. Journal of Financial Stability, 26:107-127.

Schneider, Roman; Wagner, Alexander F; Wenk, Christoph (2016). Der Verwaltungsrat zwischen Regulierung und Marktdisziplin. Expert Focus:670-676.

Battiston, Stefano; Caldarelli, Guido; May, Robert M; Roukny, Tarik; Stiglitz, Joseph E (2016). The price of complexity in financial networks. Proceedings of the National Academy of Sciences of the United States of America, 113(36):10031-10036.

Rojcek, Jakub. Market quality and price impact of high-frequency trading and its regulation. 2016, University of Zurich, Faculty of Economics.

Dogan, Azade; Morishima, Yosuke; Heise, Felix; Gibson, Rajna; Tanner, Carmen; Wagner, Alexander F; Tobler, Philippe N (2016). Prefrontal connections express individual differences in intrinsic resistance to trading off honesty values against economic benefits. Scientific Reports, 6:33263.

Battiston, Stefano; Caldarelli, Guido; D'Errico, Marco; Gurciullo, Stefano (2016). Leveraging the network: a stress-test framework based on DebtRank. Statistics & Risk Modeling, 33(3-4):117-138.

Bachmann, Kremena; Hens, Thorsten (2016). Is there Swissness in investment decision behavior and investment competence? Financial markets and portfolio management, 30(3):233-275.

Fuhrer, Lucas Marc; Guggenheim, B; Schumacher, S (2016). Re‐Use of Collateral in the Repo Market. Journal of Money, Credit and Banking, 48(6):1169-1193.

Habib, Michel; Rochet, Jean-Charles; Collard, Fabrice (2016). The reluctant defaulter: A tale of high government debt. London: VoxEU, CEPR Policy Portal.

Petzev, Ivan; Schrimpf, Andreas; Wagner, Alexander (2016). Has the Pricing of Stocks Become More Global? Swiss Finance Institute Research Paper 15-48, University of Zurich.

Degryse, Hans; Lu, Liping; Ongena, Steven (2016). Formal, informal or co-funding? Evidence on the co-funding of Chinese firms. Journal of Financial Intermediation, 27:31-60.

Vasiljević, Nikola. Option pricing and market risk management in the presence of jump risk. 2016, University of Zurich, Faculty of Economics.

Leippold, Markus; Vasiljevic, Nikola (2016). Option-Implied Intra-Horizon Risk and First-Passage Disentanglement. SSRN 2804702, University of Zurich.

Barucca, Paolo; Bardoscia, Marco; Caccioli, Fabio; D'Errico, Marco; Visentin, Gabriele; Battiston, Stefano; Caldarelli, Guido (2016). Network Valuation in Financial Systems. SSRN 2795583, University of Zurich.

Habib, Michel A; Johnsen, D Bruce (2016). The quality-assuring role of mutual fund advisory fees. International Review of Law and Economics, 46:1-19.

Rochet, Jean-Charles; Roger, Guillaume (2016). Risky utilities. Economic Theory, 62(1):361-382.

Göncü, Ahmet; Akyildirim, Erdinc (2016). Statistical Arbitrage with Pairs Trading. International Review of Finance, 16(2):307-319.

Chesney, Marc. Taxons les flux financiers pour financer le RBI. In: Le Temps, 23 May 2016, 1-11.

Langnickel, Ferdinand; Zeisberger, Stefan (2016). Do we measure overconfidence? A closer look at the interval production task. Journal of Economic Behavior & Organization, 128:121-133.

Carletti, Elena; Ongena, Steven; Siedlarek, Jan-Peter; Spagnolo, Giancarlo (2016). The impact of merger legislation on bank mergers. Swiss Finance Institute Research Paper 16-33, University of Zurich.

Paolella, Marc S (2016). Stable-GARCH Models for Financial Returns: Fast Estimation and Tests for Stability. Econometrics, 4(2):25.

Chesney, Marc; Poulin, Alexis. Panama Papers, What Now? In: The World Post: a partnership of The Huffington Post and Berggruen Institute, 2 May 2016, 1-3.

Nyborg, Kjell G; Mukhlynina, Liliya (2016). The Choice of Valuation Techniques in Practice: Education versus Profession. Swiss Finance Institute Research Paper 16-36, University of Zurich.

Hens, Thorsten. Wissenschaft oder Kunst? Beratung: Der optimalen Lösung auf der Spur. In: Finanz und Wirtschaft, 28 April 2016, 7.

Chesney, Marc; Coculescu, Delia; Gokay, Selim (2016). Endogenous trading in Credit Default Swaps. Decisions in Economics and Finance, 39(1):1-31.

Delis, Manthos D; Kokas, Sotiris; Ongena, Steven (2016). Foreign ownership and market power in banking: evidence from a world sample. Journal of Money, Credit and Banking, 48(2-3):449-483.

Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (2016). Saving and Portfolio Allocation Before and After Job Loss. Journal of Money, Credit and Banking, 48(2-3):293-324.

Rajamani, Anjana; Van der Poel, Marieke; de Jong, Abe; Ongena, Steven. How does international diversification influence advisor performance on cross-border M&A? In: International Banker, 1 March 2016, 16-19.

Broda, Simon; Kan, Raymond (2016). On distributions of ratios. Biometrika, 103(1):205-218.

Bardoscia, Marco; Battiston, Stefano; Caccioli, Fabio; Caldarelli, Guido (2016). Pathways towards instability in financial networks. ArXiv.org 1602.05883, Cornell University.

Maddaloni, Angela; Scopelliti, Alessandro (2016). Prudential Regulation, National Differences and Stability of EU Banks. In: THE SSM AT 1, Frankfurt, 3 February 2016 - 4 February 2016. SUERF Conference Proceedings, 121-141.

Roukny, Tarik; Battiston, Stefano; Stiglitz, Joseph E (2016). Interconnectedness as a source of uncertainty in systemic risk. SSRN 2726631, University of Zurich.

Fehr-Duda, Helga; Fehr, Ernst (2016). Sustainability: Game human nature. Nature, 530(7591):413-415.

Dluhosch, Barbara; Hens, Thorsten (2016). A rigorous approach to business services offshoring and North–North trade. Applied Economics, 48(15):1390-1401.

Fasnacht, Daniel; Stämpfli, Thomas (2016). Antizyklisches verhalten lohnt sich in volatilen Märkten. Private - Das Geld-Magazin:22-23.

Gibson, Rajna; Tanner, Carmen; Wagner, Alexander F (2016). Protected values and economic decision-making. In: Brosch, Tobias; Sander, David. Handbook of Value: Perspectives from Economics, Neuroscience, Philosophy, Psychology and Sociology. New York: Oxford University Press, 223-241.

Ongena, Steven; Peydró, José Luis; van Horen, Neeltje (2016). Shocks abroad, pain at home? Bank-firm level evidence on financial contagion during the recent financial crisis. IMF Economic Review, 63(4):698-750.

Bonfim, Diana; Nogueira, Gil; Ongena, Steven (2016). Sorry, we're closed: Loan conditions when bank branches close and firms transfer to another bank. Banco de Portugal-Working Papers 2016 7, University of Zurich.

Koch-Medina, Pablo; Munari, Cosimo (2016). Unexpected shortfalls of expected Shortfall: Extreme default profiles and regulatory arbitrage. Journal of Banking and Finance, 62:141-151.

Christen, Markus; Ineichen, Christian; Tanner, Carmen (2016). "Moralische Intelligenz" in der medizinischen Praxis: Zur Nutzung moralpsychologischer Konstrukte und Messverfahren in klinischer Diagnostik und Weiterbildung. Praxis, 105(21):1261-1266.

Barth, Andrea; Moreno-Bromberg, Santiago; Reichmann, Oleg (2016). A non-stationary model of dividend distribution in a stochastic interest-rate setting. Computational Economics, 47(3):447-472.

Göncü, Ahmet; Akyildirim, Erdinc (2016). A stochastic model for commodity pairs trading. Quantitative Finance, 16(12):1843-1857.

Pana, Anca Claudia; Gheyssens, Jonathan (2016). Baseline choice and performance implications for REDD. Journal of Environmental Economics and Policy, 5(1):79-124.

Hens, Thorsten; Axtell, Robert; Kirman, Alan; Couzin, Iain D; Fricke, Daniel; Hochberg, Michael E; Mayfield, John E; Schuster, Peter; Sethi, Rajiv (2016). Challenges of integration complexity and evolution into economics. In: Wilson, David S; Kirman, Alan. Complexity and Evolution - Toward a New Synthesis for Economics. Cambridge, Massachusetts: MIT, 65-81.

Nyborg, Kjell G (2016). Collateral frameworks: The open secret of central banks. Cambridge: Cambridge University Press.

Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper (2016). Collateralization, bank loan rates, and monitoring. Journal of Finance, 71(3):1295-1322.

Battiston, Stefano; Farmer, J Doyne; Flache, Andreas; Garlaschelli, Diego; Haldane, Andrew G; Heesterbeek, Hans; Hommes, Cars; Jaeger, Carlo; May, Robert; Scheffer, Marten (2016). Complexity theory and financial regulation. Science, 351(6275):818-819.

Battiston, Stefano; D'Errico, Marco; Gurciullo, Stefano (2016). DebtRank and the network of leverage. The Journal of Alternative Investments, 18(4):68-81.

Glattfelder, James B (2016). Decoding Financial Networks: Hidden Dangers and Effective Policies. In: Arpe, Jan. To the Man with a Hammer: Augmenting the Policymaker's Toolbox for a Complex World. Gütersloh: Bertelsmann Stiftung, 75-92.

Chesney, Marc (2016). Der Widerspruch zwischen Neoliberalismus und liberaler Demokratie am Beispiel des Finanzmarktes. In: Brühlmeier, Daniel; Mastronardi, Philippe. Demokratie in der Krise. Zürich: Chronos Verlag.

De Giorgi, Enrico G; Mahmoud, Ola (2016). Diversification preferences in the theory of choice. Decisions in Economics and Finance, 39(2):143-174.

Chesney, Marc; Gheyssens, Jonathan; Pana, Anca Claudia; Taschini, Luca (2016). Environmental finance and investments. Berlin, Heidelberg: Springer.

Troja, Bruno. Essays on Optimal Investments in the Mitigation of Global Warming. 2016, University of Zurich, Faculty of Economics.

Festl-Pell, Diana. Essays on banking, governance and sustainability. 2016, University of Zurich, Faculty of Economics.

Hens, Thorsten (2016). Evolutionary Finance. In: Leube, Kurt R. An Enterprising, Liberal and generous Mind. Fürstentum Liechtenstein: van Eck Verlag, 61-67.

Evstigneev, Igor; Hens, Thorsten; Schenk-Hoppé, Klaus Reiner (2016). Evolutionary behavioural finance. In: Haven, Emmanuel; Molyneux, Philip; Wilson, John; Fedotov, Sergei; Duygun, Meryem. The Handbook of Post Crisis Financial Modelling. London: Palgrave Macmillan UK, 214-234.

Hens, Thorsten; Rieger, Marc Oliver (2016). Financial economics: a concise introduction to classical and behavioral finance. Berlin, Heidelberg: Springer.

Vitali, Stefania; Battiston, Stefano; Gallegati, Mauro (2016). Financial fragility and distress propagation in a network of regions. Journal of Economic Dynamics and Control, 62:56-75.

Ostinelli, Diego. Financial markets, innovation, and acquisitions. 2016, University of Zurich, Faculty of Economics.

Wang, Mei; Rieger, Marc Oliver; Hens, Thorsten (2016). How time preferences differ: Evidence from 53 countries. Journal of Economic Psychology, 52:115-135.

Battiston, Stefano; Tasca, Paolo (2016). Market procyclicality and systemic risk. Quantitative Finance, 16(8):1219-1235.

Jakovljević, Sanja; Degryse, Hans; Ongena, Steven (2016). Monetary transmission and regulatory impacts: empirical evidence from the post-crisis banking literature. In: Haven, Emmanuel; Molyneux, Phil; Wilson, John; Fedotov, Sergei; Duygun, Meryem. The handbook of post crisis financial modelling. New York: Palgrave MacMillan Handbooks, 18-41.

De Giorgi, Enrico; Mahmoud, Ola (2016). Naive Diversification Preferences and their Representation. SSRN 2864231, University of Zurich.

Elmiger, Sabine. On the robustness of consumption-based asset pricing. 2016, University of Zurich, Faculty of Economics.

Akyildirim, Erdinc; Altarovici, Albert (2016). Partial hedging and cash requirements in discrete time. Quantitative Finance, 16(6):929-945.

Isohätälä, Jukka; Klimenko, Nataliya; Milne, Alistair (2016). Post-crisis macrofinancial modeling: continuous time approaches. In: Haven, Emmanuel; Molyneux, Philip; Wilson, John; Fedotov, Sergei; Duygun, Meryem. The Handbook of Post Crisis Financial Modeling. London: Palgrave Macmillan UK, 235-282.

Nooijen, Steven J; Broda, Simon (2016). Predicting Equity Markets with Digital Online Media Sentiment: Evidence from Markov-switching Models. Journal of Behavioral Finance, 17(4):321-335.

Abad, Jorge; Aldasoro, Iñaki; Aymanns, Christoph; D'Errico, Marco; Fache Rousová, Linda; Hoffmann, Peter; Langfield, Sam; Neychev, Martin; Roukny, Tarik (2016). Shedding light on dark markets: First insights from the new EU-wide OTC derivatives dataset. Frankfurt, Germany: European Systemic Risk Board.

Farkas, Walter; Gourier, Elise; Huitema, Robert; Necula, Ciprian (2016). The Impact of Cointegration on Commodity Spread Options. In: Glau, Kathrin; Grbac, Zorana; Scherer, Matthias; Zagst, Rudi. Innovations in Derivatives Markets. Cham: Springer, 421-435.

Dwarkasing, Mintra; Dwarkasing, Narly; Ongena, Steven (2016). The bank lending channel of monetary policy: A review of the literature and an agenda for future research. In: Beck, Thorsten; Casu, Barbara. The Palgrave Handbook of European Banking. Basingstoke, UK: Palgrave Macmillan, n/a.

Henriet, Dominique; Klimenko, Nataliya; Rochet, Jean-Charles (2016). The dynamics of insurance prices. The Geneva Risk and Insurance Review, 41(1):2-18.

Battiston, Stefano; Caldarelli, Guido; D'Errico, Marco (2016). The financial system as a nexus of interconnected networks. In: Garas, Antonios. Interconnected Networks. Switzerland: Springer International Publishing, 195-229.

Klimenko, Nataliya; Moreno-Bromberg, Santiago (2016). The shadow costs of repos and bank liability structure. Journal of Economic Dynamics and Control, 65:1-29.

Drimus, Gabriel; Farkas, Walter; Gourier, Elise (2016). Valuations of options on discretely sampled variance: A general analytic approximation. Journal of Computational Finance, 20(2):39-66.

Behnk, Sascha; Wagner, Alexander (2016). Value Reporting in der Schweiz. In: Köhler, Kristin. Reporting Trends and Developments 2016. Zürich: Center for Corporate Reporting (CCR), 11-16.

2015

Chesney, Marc; Maranghino-Singer, Brigitte. Bessere Bildung statt hohe Boni. In: Tagesanzeiger, 29 December 2015, 1.

Brumm, Johannes; Kübler, Felix; Scheidegger, Simon (2015). Computing equilibria in dynamic stochastic macromodels with heterogeneous agents. - -, University of Zurich.

Kübler, Felix (2015). Simple ε-equilibria in stochastic economies with overlapping generations. - -, University of Zurich.

Birchler, Urs. Wahlbörsen liefern überaus präzise Prognosen ausser in der Schweiz. In: NZZ am Sonntag, 6 December 2015, 19.

Fringuellotti, Fulvia; Necula, Ciprian (2015). A Generalized Bachelier Formula for Pricing Basket and Spread Options. SSRN 2698307, University of Zurich.

Jakovljević, Sanja; Degryse, Hans; Ongena, Steven (2015). A review of empirical resarch on the design and impact of regulation in the banking sector. Annual Review of Financial Economics, 7:423-443.

Petrov, Vladimir Y; Tribelsky, M I (2015). FOREX Trades: Can the Takens Algorithm Help to Obtain Steady Profit at Investment Reallocations? JETP Letters, 102(12):841-844.

Basten, Christoph; Koch, Cathérine (2015). The causal effect of house prices on mortgage demand and mortgage supply: Evidence from Switzerland. Journal of housing economics, 30:1-22.

Li, Chunshuo; Ongena, Steven (2015). Bank loan announcements and borrower stock returns before and during the recent financial crisis. Journal of Financial Stability, 21:1-12.

Moenninghoff, Sebastian C; Ongena, Steven; Wieandt, Axel (2015). The perennial challenge to counter Too-Big-to-Fail in banking: Empirical evidence from the new international regulation dealing with Global Systemically Important Banks. Journal of Banking and Finance, 61:221-236.

Halla, Martin; Wagner, Alexander; Zweimüller, Josef (2015). Immigration and far-right voting: New evidence. London: VoxEU, CEPR Policy Portal.

Birchler, Urs. Die neue Welt des Private Banking. In: SonntagsZeitung, 8 November 2015, 2.

Wälchli, Boris (2015). A Random Forests Based Performance Ratio for Regulatory Asset Portfolio Management and Optimization. SSRN 2550072, University of Zurich.

Brumm, Johannes; Scheidegger, Simon; Mikushin, Dmitry; Schenk, Olaf (2015). Scalable high-dimensional dynamic stochastic economic modeling. Journal of Computational Science, 11:12-25.

Vo, Thi Quynh Anh (2015). Liquidity Management in Banking: What is the Role of Leverage? Swiss Finance Institute Research Paper 15-51, University of Zurich.

Célérier, Claire Myriam; Vallee, Boris (2015). The motives for financial complexity: An empirical investigation. SSRN 2289890, University of Zurich.

Birchler, Urs (2015). Unternehmen als Staatsgehilfen. https://www.infosperber.ch: Infosperber.

Paetzold, Falko; Busch, Timo; Chesney, Marc (2015). More than money: exploring the role of investment advisors for sustainable investing. Annals in Social Responsibility, 1(1):195-223.

Chesney, Marc; Crameri, Remo; Mancini, Loriano (2015). Detecting abnormal trading activities in option markets. Journal of Empirical Finance, 33:263-275.

Hvide, Hans K; Östberg, Per (2015). Social interaction at work. Journal of Financial Economics, 117(3):628-652.

Magill, Michael; Quinzii, Martine; Rochet, Jean-Charles (2015). A Theory of the Stakeholder Corporation. Econometrica, 83(5):1685-1725.

Leippold, Markus; Su, Lujing (2015). Collateral smile. Journal of Banking and Finance, 58:15 - 28.

Hens, Thorsten. Wie Medien und Informationsflut die Finanzmärkte beeinflussen. In: WirtschaftsWoche, 35, 21 August 2015, 41.

Paolella, Marc S; Polak, Pawel (2015). COMFORT: A common market factor non-Gaussian returns model. Journal of Econometrics, 187(2):593-605.

Ioannidou, Vasso; Ongena, Steven; Peydró, José-Luis (2015). Monetary policy, risk-taking and pricing: Evidence from a quasi-natural experiment. Review of Finance, 19(1):95-144.

Calvet, Laurent E; Fearnley, Marcus; Fisher, Adlai J; Leippold, Markus (2015). What is beneath the surface? Option pricing with multifrequency latent states. Journal of Econometrics, 187(2):498-511.

Hens, Thorsten. Bewusster anlegen mit Evolutionary Finance. In: Finanz und Wirtschaft, 58, 25 July 2015, 14.

Stössel, Remo (2015). Willingness to be financially informed and the benefits of nudging investors to do so. SSRN 2629058, University of Zurich.

Bonacina, Fausto; D'Errico, Marco; Moretto, Enrico; Stefani, Silvana; Zambruno, Giovanni; Torriero, Anna (2015). A multiple network approach to corporate governance. Quality & Quantity, 49(4):1585-1595.

Epper, Thomas; Fehr-Duda, Helga (2015). Comment on "risk preferences are not time preferences": balancing on a budget line. American Economic Review, 105(7):2261-2271.

Geršl, Adam; Jakubik, Petr; Kowalczyk, Dorota; Ongena, Steven; Peydró, José Luis (2015). Monetary conditions and banks' behaviour in the Czech Republic. Open Economies Review, 26(3):407-445.

Koch-Medina, Pablo; Munari, Cosimo; Sikic, Mario (2015). Diversification, protection of liability holders and regulatory arbitrage. ArXiv.org 1502.03252, Cornell University.

Bardoscia, Marco; Battiston, Stefano; Caccioli, Fabio; Caldarelli, Guido (2015). DebtRank: A Microscopic Foundation for Shock Propagation. PLoS ONE, 10(7):e0130406.

Moreno-Bromberg, Santiago; Vo, Quynh-Anh (2015). Agency problems, recapitalization costs and optimal resolution of financial distress. NCCR FINRISK Working Paper Series 861, University of Zurich.

Birchler, Urs. Die Banken in der Moralfalle. In: Journal21.ch, June 2015, 33-34.

Hens, Thorsten. Risikotoleranz muss erlernt werden. In: Neue Zürcher Zeitung, 114, 20 May 2015, 26.

Stössel, Remo; Meier, Anna (2015). Framing effects and risk perception: testing graphical representations of risk for the KIID. SSRN 2606615, University of Zurich.

Biais, Bruno; Rochet, Jean-Charles; Woolley, Paul (2015). Dynamics of innovation and risks. Review of Financial Studies, 28(5):1353-1380.

Birchler, Urs. Fankurven als Schiedsrichter. In: Neue Zürcher Zeitung, 20 April 2015, 17.

Fattinger, Felix; Ziegler, Alexandre (2015). Risk and Return around the Clock. SSRN 2606706, University of Zurich.

Bahn, Olivier; Chesney, Marc; Gheyssens, Jonathan; Knutti, Reto; Pana, Anca Claudia (2015). Is there room for geoengineering in the optimal climate policy mix? Environmental Science & Policy, 48:67-76.

Meyer, Julia; Krauss, Annette (2015). Measuring and aggregating social performance of microfinance investment vehicles. CMF Working Paper Series 3-2015, University of Zurich.

Dahlquist, Magnus; Hasseltoft, Henrik (2015). Economic Momentum and Currency Returns. n/a n/a, University of Zurich.

Bachmann, Kremena; Hens, Thorsten. «Swissness» im Anlegerverhalten : Schweizer Investoren in allen Sprachregionen lassen eine grössere Anlegerkompetenz erkennen als ihre Nachbarn im Ausland. In: Finanz und Wirtschaft, 20, 14 March 2015, 22.

Nyborg, Kjell G (2015). Central Bank Collateral Frameworks. Swiss Finance Institute Research Paper 15-10, University of Zurich.

Brune, Amelie; Hens, Thorsten; Rieger, Marc Oliver; Wang, Mei (2015). The war puzzle: contradictory effects of international conflicts on stock markets. International Review of Economics, 62(1):1-21.

Scheffel, Martin; Gersbach, Hans; Rochet, Jean-Charles (2015). Taking Banks to Solow. CEPR Discussion Papers DP10439, Centre for Economic Policy Research (CEPR).

Rosenblatt-Wisch, Rina; Scheufele, Rolf (2015). Quantification and characteristics of household inflation expectations in Switzerland. Applied Economics, 47(26):2699-2716.

Kübler, Felix; Schmedders, Karl; Brumm, Johannes; Grill, Michael (2015). Collateral requirements and asset prices. International Economic Review, 56(1):1-25.

Moreno, Santiago; Klimenko, Nataliya (2015). The shadow cost of repos and bank liability structure. Swiss Finance Institute Research Paper 15-04, University of Zurich.

Hens, Thorsten. Das Schweizer Midas-Problem. In: Finanz und Wirtschaft, 24 January 2015, 3.

Fasnacht, Daniel; Stämpfli, D.. Ohne Emotionen. In: Handelszeitung, 22 January 2015, 4.

Chesney, Marc. Nein zum Diktat des Englischen an Schweizer Hochschulen. In: NZZ am Sonntag, 4 January 2015, 15.

Paolella, Marc S (2015). Multivariate asset return prediction with mixture models. The European Journal of Finance, 21(13-14):1214-1252.

Farkas, Walter; Koch-Medina, Pablo; Munari, Cosimo (2015). Measuring risk with multiple eligible assets. Mathematics and Financial Economics, 9(1):3-27.

Necula, Ciprian; Drimus, Gabriel G; Farkas, Walter (2015). A General Closed Form Option Pricing Formula. SSRN 2210359, University of Zurich.

Wälchli, Boris (2015). A Proximity Based Stress Testing Framework. SSRN 2660498, University of Zurich.

Farkas, Walter; Gourier, Elise; Huitema, Robert; Necula, Ciprian (2015). A Two-Factor Cointegrated Commodity Price Model with an Application to Spread Option Pricing. SSRN 2679218, University of Zurich.

Paolella, Marc S; Polak, Pawel (2015). ALRIGHT: Asymmetric LaRge-Scale (I)GARCH with Hetero-Tails. International Review of Economics and Finance, 40:282-297.

Farkas, Walter; Schmid, Sandro (2015). Akkurate Messung der Portfoliorisiken im Pensionskassengeschäft. Schweizerische Zeitschrift für Sozialversicherung und berufliche Vorsorge, 59(5):406-414.

Chesney, Marc; Maranghino-Singer, Brigitte; Huber, Martina Z; Oertle, David; Hilty, Lorenz M (2015). An information system supporting cap and trade in organizations. In: Hilty, Lorenz; Aebischer, Bernard. ICT Innovations for Sustainybility. Cham: Springer, 285-299.

Degryse, Hans; Ioannidou, Vasso; Ongena, Steven (2015). Bank-firm relationships: A review of the implications for firms and banks in normal and crisis times. In: Watanabe, Tsutomu; Uesugi, Iichiro; Ono, Arito. The Economics of Interfirm Networks. Berlin: Springer, 177-189.

Koch-Medina, Pablo; Moreno-Bromberg, Santiago; Munari, Cosimo (2015). Capital adequacy tests and limited liability of financial institutions. Journal of Banking and Finance, 51:93-102.

Degryse, Hans; Morales Acevedo, Adiana Paola; Ongena, Steven (2015). Competition in Banking. In: Berger, Allen N; Molyneux, Philip; Wilson, John O S. The Oxford Handbook of Banking. Oxford: Oxford University Press, 589-616.

Pana, Anca Claudia. Contributions to the Economics of Climate Change Mitigation. 2015, University of Zurich, Faculty of Economics.

Chesney, Marc (2015). De la grande guerre à la crise permanente. Presses polytechniques et universitaires romandes, Lausanne: EPFL Press.

D'Errico, Marco; Macchiarelli, Corrado; Serafini, Roberta (2015). Differently unequal: Zooming-in on the distributional dimensions of the crisis in euro area countries. Economic Modelling, 48:93-115.

Gottardi, Piero; Kübler, Felix (2015). Dynamic competitive economies with complete markets and collateral constraints. Review of Economic Studies, 82(3):1119-1153.

Akyildirim, Erdinc; Altarovici, Albert; Ekinci, Cumhur (2015). Effects of firm-specific public announcements on market dynamics: Implications for high-frequency traders. In: Gregoriou, Greg N. Handbook of High Frequency Trading. London: Academic Press, 305-326.

Chesney, Marc; Taschini, Luca; Gheyssens, Jonathan (2015). Emissions Markets and Products. In: Roncoroni, Andrea. Handbook of Multi-Commodity Markets and Products: Structuring, Trading and Risk Managemen. Hoboken: Wiley, 223-254.

Doronzo, Michele. Empirical essays on risky assets, asset allocation and emission certificates. 2015, University of Zurich, Faculty of Economics.

Ibraimi, Meriton. Essays on Arbitrage Pricing Theory and Systemic Risk Modeling. 2015, University of Zurich, Faculty of Economics.

Wälchli, Boris. Essays on Nonaffine Option Pricing and Random Forests in the Fields of Finance. 2015, University of Zurich, Faculty of Economics.

Farkas, Walter; Necula, Ciprian; Waelchli, Boris (2015). Herding and Stochastic Volatility. SSRN 2685939, University of Zurich.

Ongena, Steven; Qi, Shusen; Qin, Fengming (2015). Impact of foreign bank presence on foreign direct investment in China. China & World Economy, 23(4):40-59.

Bradbury, Meike. Improved Investment Advice Through Risk Simulation. 2015, University of Zurich, Faculty of Economics.

Bradbury, Meike A S; Hens, Thorsten; Zeisberger, Stefan (2015). Improving investment decisions with simulated experience. Review of Finance, 19(3):1019-1052.

Bardgett, Chris; Gourier, Elise; Leippold, Markus (2015). Inferring volatility dynamics and risk premia from the S&P 500 and VIX markets. Swiss Finance Institute Research Paper 13-40, University of Zurich.

Bachmann, Kremena; Hens, Thorsten (2015). Investment competence and advice seeking. Journal of Behavioral and Experimental Finance, 6:27-41.

Hens, Thorsten; Evstigneev, Igor; Schenk-Hoppé, Klaus Reiner (2015). Mathematical Financial Economics - A Basic Introduction. Switzerland: Springer.

Paolella, Marc S (2015). New graphical methods and test statistics for testing composite normality. Econometrics, 3(3):532-560.

Hens, Thorsten; Breuer, Wolfgang; Wang, Mei; Salzmann, Astrid J (2015). On the determinants of household debt maturity choice. Applied Economics, 47(5):449-465.

Stössel, Remo. Risk Assessment and Risk Communication in Theory and Practice. 2015, University of Zurich, Faculty of Economics.

Rieger, Marc Oliver; Wang, Mei; Hens, Thorsten (2015). Risk preferences around the world. Management Science, 61(3):637-648.

Barrieu, Pauline; Ravanelli, Claudia (2015). Robust capital requirements with model risk. Economic Notes, 44(1):1-28.

Ludwig, Markus (2015). Robust estimation of shape-constrained state price density surfaces. The Journal of Derivatives, 22(3):56-72.

Collard, Fabrice; Habib, Michel; Rochet, Jean-Charles (2015). Sovereign debt sustainability in advanced economies. Journal of the European Economic Association, 13(3):381-420.

Carletti, Elena; Hartmann, Philipp; Ongena, Steven (2015). The economic impact of merger control legislation. International Review of Law and Economics, 42(6):88-104.

Gupta, Manish. Three Essays in Real Estate and Entrepreneurial Finance. 2015, University of Zurich, Faculty of Economics.

Su, Lujing. Three Essays on Market Frictions. 2015, University of Zurich, Faculty of Economics.

Ludwig, Markus. Three Essays on Option Implied Information. 2015, University of Zurich, Faculty of Economics.

Paetzold, Falko. Three Essays on Sustainable Investing in Private Wealth Management: Barriers for Sustainable Investing in the Cognition and Decision Making Processes of Private Wealth Holders and Investment Advisors. 2015, University of Zurich, Faculty of Economics.

Chesney, Marc (2015). Zum Widerspruch zwischen der Logik des Finazsektors und den Prinzipien des Libealismus. In: Pfleiderer, Georg; et al. Aspekte von Risiko, Vertrauen, Schuld. Zürich: Pano Verlag, 59-76.

2014

Brumm, Johannes; Kryczka, Dominika; Kübler, Felix (2014). Recursive equilibria in dynamic economies with stochastic production. s.n. n/a, University of Zurich.

Uhl, Matthias W (2014). Reuters Sentiment and Stock Returns. Journal of Behavioral Finance, 15(4):287-298.

Wagner, Alexander F; Wenk, Christoph (2014). Aktionäre und Stimmrechtsberater im Jahr 1 nach der Abzocker-Initiative. Der Schweizer Treuhänder, (12):1147-1152.

Leippold, Markus; Lohre, Harald (2014). The Dispersion Effect in International Stock Returns. Journal of Empirical Finance, 29:331-342.

Paetzold, Falko; Busch, Timo (2014). Unleashing the powerful few: sustainable investing behaviour of wealthy private investors. Organization & Environment, 27(4):347-367.

Kübler, Felix; Selden, Larry; Wei, Xiao (2014). Asset Demand Based Tests of Expected Utility Maximization. American Economic Review, 104(11):3459-3480.

Puliga, Michelangelo; Caldarelli, Guido; Battiston, Stefano (2014). Credit default swaps networks and systemic risk. Scientific Reports, 4(6822):online.

Puhan, Tatjana-Xenia; Vogel, Rick; Shehu, Edlira; Kliger, Doron; Beese, Henning (2014). Funding decisions and entrepreneurial team diversity: A field study. Journal of Economic Behavior & Organization, 107:595-613.

Léautier, Thomas-Olivier; Rochet, Jean-Charles (2014). On the strategic value of risk management. International Journal of Industrial Organization, 37:153-169.

Brown, Martin; Kirschenmann, Karolin; Ongena, Steven (2014). Bank funding, securitization, and loan terms: evidence from foreign currency lending. Journal of Money, Credit and Banking, 46(7):1501-1534.

Akyildirim, Erdinc; Dolinsky, Yan; Soner, H Mete (2014). Approximating stochastic volatility by recombinant trees. Annals of Applied Probability, 24(5):2176-2205.

Célérier, Claire Myriam; Vallee, Boris (2014). Are Bankers Worth Their Pay? Evidence from a Talent Measure. SSRN 2393110, University of Zurich.

Célérier, Claire Myriam; Matray, Adrien (2014). Unbanked Households: Evidence of Supply-Side Factors. SSRN 2392278, University of Zurich.

Koch-Medina, Pablo; Munari, Cosimo (2014). Law-invariant risk measures: extension properties and qualitative robustness. Statistics & Risk Modeling, 31(3):1-22.

de Palma, Andre; Abdellaoui, Mohammed; Attanasi, Giuseppe; Ben-Akiva, Moshe; Erev, Ido; Fehr-Duda, Helga; Fok, Dennis; Fox, Craig R; Hertwig, Ralph; Picard, Nathalie; Wakker, Peter P; Walker, Joan L; Weber, Martin (2014). Beware of black swans: Taking stock of the description-experience gap in decision under uncertainty. Marketing Letters, 25(3):269-280.

Paolella, Marc (2014). Fast methods for large-scale non-elliptical portfolio optimization. Annals of Financial Economics, 9(2):1-32.

Vitali, Stefania; Battiston, Stefano (2014). The Community Structure of the Global Corporate Network. PLoS ONE, 9(8):e104655.

Chesney, Marc; Taschini, Luca; Wang, Mei (2014). Experimental comparison between markets on dynamic permit trading and investment in irreversible abatement with and without non-regulated companies. Journal of Regulatory Economics, 46(1):23-50.

Peters, Florian S; Wagner, Alexander F (2014). The executive turnover risk premium. Journal of Finance, 69(4):1529-1563.

Chesney, Marc; Ulrich, Peter. Umstrittenes Universitätssponsoring. In: NZZ, 22 July 2014, online.

Busse, Marc; Dacorogna, Michel; Kratz, Marie (2014). The Impact of Systemic Risk on the Diversification Benefits of a Risk Portfolio. Risks, 2(3):260-276.

Kübler, Felix; Selden, Larry; Wei, Xiao (2014). When is a Risky Asset "Urgently Needed"? American Economic Journal: Microeconomics, 6(2):131-162.

D'Errico, Marco; Stefani, Silvana; Torriero, Anna (2014). Informal ties in organizations : a case study. Quality and Quantity, 48(4):1929-1943.

Krause, Jochen; Paolella, Marc S (2014). A fast, accurate method for value-at-risk and expected shortfall. Econometrics, 2(2):98-122.

Chesney, Marc; Ulrich, Peter. Le sponsoring universitaire au centre des tensions. In: Le Temps, 25 June 2014, online.

Kübler, Felix; Selden, Larry; Wei, Xiao (2014). Expected utility preferences for contingent claims and lotteries. SSRN 2473611, University of Zurich.

Nyborg, Inke (2014). Liquidity creation in the nineteenth century: The role of the clearing houses. - -, University of Zurich.

Nyborg, Kjell G; Östberg, Per (2014). Money and liquidity in financial markets. Journal of Financial Economics, 112(1):30-52.

Puhan, Tatjana-Xenia; Kehrle, Kerstin (2014). The information content of option demand. Swiss Finance Institute Research Paper 12-43, University of Zurich.

Puhan, Tatjana-Xenia (2014). Volatility information in index option demand. SSRN 2277689, University of Zurich.

Wagner, Alexander (2014). Regulierung von Managervergütung. Der Schweizer Treuhänder, (5):420-424.

Behnk, Sascha; Barreda-Tarrazona, Iván; García-Gallego, Aurora (2014). The role of ex post transparency in information transmission - An experiment. Journal of Economic Behavior & Organization, 101:45-64.

Klimenko, Nataliya (2014). Tail risk, capital requirements and the internal agency problem in banks. s.n. s.n., University of Zurich.

Stöckli, Peter Lucas; Tanner, Carmen (2014). Are integrative or distributive outcomes more satisfactory? The effects of interest-based versus value-based issues on negotiator satisfaction Negotiator satisfaction. European Journal of Social Psychology, 44(3):202-208.

Ongena, Steven (2014). Discussion of Presbitero, Udell and Zazzaro. Journal of Money, Credit, and Banking, 46(s1):87-91.

Chesney, Marc; Crameri, Remo; Mancini, Loriano (2014). Detecting informed trading activities in the options markets. NCCR FINRISK Working Paper 560, University of Zurich.

Jimenez, Gabriel; Ongena, Steven; Peydró, José Luis; Saurina, Jesús (2014). Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk? Econometrica, 82(2):463-505.

Akyildirim, Erdinç; Güney, I Ethem; Rochet, Jean-Charles; Soner, H Mete (2014). Optimal dividend policy with random interest rates. Journal of Mathematical Economics, 51:93-101.

Puhan, Tatjana-Xenia; Arnold, Marc; Hackbarth, Dirk (2014). Financing asset sales and business cycles. Swiss Finance Institute Research Paper 14-11, University of Zurich.

Battiston, Stefano; Paolo, Tasca (2014). Diversification and financial stability. SRC Discussion Paper 10, University of Zurich.

Brown, Martin; Ongena, Steven; Yeşin, Pinar (2014). Information asymmetry and foreign currency borrowing by small firms. Comparative Economic Studies, 56:110-131.

Rochet, Jean-Charles; Cerasi, Vittoria (2014). Rethinking the regulatory treatment of securitization. Journal of Financial Stability, 10:20-31.

Ongena, Steven; Roscovan, Viorel; Song, Wei-Ling; Werker, Bas (2014). Banks and bonds: the impact of bank loan announcements on bond and equity prices. Journal of Financial Management, Markets and Institutions, 2(2):131-155.

Hens, Thorsten; Rieger, Marc Oliver (2014). Can utility optimization explain the demand for structured investment products? Quantitative Finance, 14(4):673-681.

Barone-Adesi, Giovanni; Farkas, Walter; Koch-Medina, Pablo (2014). Capital levels and risk-taking propensity in financial institutions. Accounting and Finance Research, 3(1):85-89.

Ravanelli, Claudia; Svindland, Gregor (2014). Comonotone Pareto optimal allocations for law invariant robust utilities on L 1. Finance and Stochastics, 18(1):249-269.

Leippold, Markus; Strømberg, Jacob (2014). Time-changed Levy LIBOR market model: Pricing and joint estimation of the cap surface and swaption cube. Journal of Financial Economics, 111(1):224-250.

Roukny, Tarik; George, Co-Pierre; Battiston, Stefano (2014). A Network Analysis of the Evolution of the German Interbank Market. Bundesbank Discussion Paper 22/2014, Deutsche Bundesbank.

Thul, Matthias; Zhang, Ally Quan (2014). Analytical option pricing under an asymmetrically displaced double gamma jump-diffusion model. SSRN 2311673, University of Zurich.

Rojcek, Jakub; Janda, Karel (2014). Bankruptcy triggering asset value–continuous time finance approach. In: Pinto, Alberto Adrego; Zilberman, David. Modelling, Dynamics, Optimization and Bioeconomics I. Porto: Springer, 357-382.

Moreno, Santiago; Koch-Medina, Pablo; Munari, Cosimo (2014). Capital Adequacy Tests and Limited Liability of Financial Institutions. Swiss Finance Institute Research Paper 14-03, University of Zurich.

Farkas, Walter; Koch-Medina, Pablo; Munari, Cosimo (2014). Capital Requirements with Defaultable Securities. Insurance: Mathematics and Economics, 55:58-67.

Basten, Christoph; Fagereng, Andreas; Telle, Kjetil (2014). Cash-on-hand and the Duration of Job Search: Quasi-experimental Evidence from Norway. Economic Journal, 124(576):540-568.

Degryse, Hans; Morales Acevedo, Adiana Paola; Ongena, Steven (2014). Competition in Banking. In: Berger, Allen N; Molyneux, Philip; Wilson, John O S. The Oxford Handbook of Banking. Oxford: Oxford University Press, 589-617.

Brumm, Johannes; Grill, Michael (2014). Computing equilibria in dynamic models with occasionally binding constraints. Journal of Economic Dynamics and Control, 38:142-160.

Volkart, Rudolf; Wagner, Alexander F (2014). Corporate Finance: Grundlagen von Finanzierung und Investition (6. Auflage). Zürich: Versus.

Empirically Informed Ethics: Morality between Facts and Norms. Edited by: Christen, Markus; van Schaik, Carel P; Fischer, Johannes; Huppenbauer, Markus; Tanner, Carmen (2014). Berlin: Springer.

Chesney, Marc (2014). Enjeux et conséquences de l'utilisation de l'anglais pour les études d'économie et de gestion à l'université. In: Genf, Slatkine. L'économie au service des citoyens : essais en mémoire de Peter Tschopp. Genf: s.n., 200-215.

Caliskan, Nilufer. Essays in Asset Pricing Anomalies. 2014, University of Zurich, Faculty of Economics.

Güney, Ethem Ibrahim. Essays in Banking and Finance. 2014, University of Zurich, Faculty of Economics.

Puhan, Tatjana-Xenia. Essays in Finance. 2014, University of Zurich, Faculty of Economics.

Huitema, Robert. Essays in Quantitative Finance. 2014, University of Zurich, Faculty of Economics.

Huppenbauer, Markus; Tanner, Carmen (2014). Ethical Leadership - How to integrate empirical and ethical aspects for promoting moral decision making in business practice. In: Christen, Markus; van Schaik, Carel; Fischer, Johannes; Huppenbauer, Markus; Tanner, Carmen. Empirically Informed Ethics: Morality between Facts and Norms. Cham: Springer, 239-254.

Battiston, Stefano; Caldarelli, Guido (2014). Financial Networks. In: D'Agostino, Gregorio; Scala, Antonio. Networks of Networks: The Last Frontier of Complexity. Berlin: Springer Verlag, 311-321.

Christen, Markus; Ineichen, Christian; Tanner, Carmen (2014). How “moral” are the principles of biomedical ethics? – A cross-domain evaluation of the common morality hypothesis. BMC Medical Ethics, 15:47.

Rochet, Jean-Charles; Moreno-Bromberg, Santiago (2014). Market frictions and corporate finance: An overview paper. Mathematics and Financial Economics, 8(4):355-381.

Baele, Lieven; Farooq, Moazzam; Ongena, Steven (2014). Of religion and redemption: evidence from default on islamic loans. Journal of Banking and Finance, 44:141-159.

Barth, Andrea; Moreno-Bromberg, Santiago (2014). Optimal risk and liquidity management with costly refinancing opportunities. Insurance: Mathematics and Economics, 57:31-45.

Cimini, Giulio; Squartini, Tiziano; Musmeci, Nicolo; Puliga, Michelangelo; Gabrielli, Andrea; Garlaschelli, Diego; Battiston, Stefano; Caldarelli, Guido (2014). Reconstructing Topological Properties of Complex Networks Using the Fitness Model. In: Aiello, Luca Maria; McFarland, Daniel. Social Informatics. Cham: Springer, 323-333.

Gibson, Rajna; Habib, Michel A; Ziegler, Alexandre (2014). Reinsurance or Securitization: The Case of Natural Catastrophe Risk. Journal of Mathematical Economics, 53:79-100.

Ziegler, Alexandre (2014). Returns from investing in S&P500 futures options, 1985-2010. In: Malliaris, Anastasios G; Ziemba, William T. Handbook of Futures Markets. London: Imperial College Press, n/a.

Kreher, Dörte. Strict Local Martingales, Random Times and Non-Standard Changes of Probability Measure in Financial Mathematics. 2014, University of Zurich, Faculty of Economics.

Basten, Christoph; Cathérine, Cathérine (2014). The Counter-Cyclical Capital Buffer of Basel III: Does it affect Mortgage Pricing? In: von der Crone, Hans Caspar; Rochet, Jean-Charles. Finanzstabilität: Status und Perspektiven. Zurich: Schulthess Juristische Medien AG, 337.

Wagner, Alexander; Peters, Florian (2014). The Executive Turnover Risk Premium. Cambridge: Harvard Law School.

Steikert, Kristoph. The Weighted Nadaraya-Watson Estimator: Strong Consistency Results, Rates of Convergence, and a Local Bootstrap Procedure to Select the Bandwidth. 2014, University of Zurich, Faculty of Economics.

Burkhardt, Dominic. Three Essays in Asset Pricing. 2014, University of Zurich, Faculty of Economics.

Matthys, Felix. Three essays in quantitative finance. 2014, University of Zurich, Faculty of Economics.

Bardgett, Chris. Volatility and Correlation Modelling for Equity Indices. 2014, University of Zurich, Faculty of Economics.

Chesney, Marc (2014). Vom Grossen Krieg zur permanenten Krise : der Aufstieg der Finanzaristokratie und das Versagen der Demokratie. Zürich: Versus Verlag.

2013

Habib, Michel A; Hege, Ulrich; Mella-Barral, Pierre (2013). Entrepreneurial spawning and firm characteristics. Management Science, 59(12):2790-2804.

Hens, Thorsten; Rieger, Marc Oliver; Wang, Mei (2013). International evidence on the equity premium puzzle and time discounting. Multinational Finance Journal, 17(3/4):149-163.

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