25 Jahre IWH

Thomas Krause

Thomas Krause
Aktuelle Position

seit 3/14

Wissenschaftlicher Mitarbeiter der Abteilung Finanzmärkte

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

Forschungsschwerpunkte

  • Finanzmarktstabilität und Bankenregulierung
  • politische Ökonomie des Bankensystems
  • Haushaltsfinanzierung und Häusermarkt

Thomas Krause arbeitet seit November 2013 am IWH an seiner Doktorarbeit, zunächst als Stipendiat und seit März 2014 als wissenschaftlicher Mitarbeiter in der Abteilung Finanzmärkte.

Thomas Krause forscht zu Themen der Stabilität von Finanzmärkten, der Bankenregulierung sowie der Wechselwirkung zwischen Finanzmarktfriktionen und Realwirtschaft. Von 2007 bis 2013 studierte Thomas Krause an der Universität Leipzig Wirtschaftswissenschaften (B.Sc.) und Volkswirtschaftslehre (M.Sc.) sowie Financial Economics an der Ohio University.

Ihr Kontakt

Thomas Krause
Thomas Krause
Mitglied - Abteilung Finanzmärkte
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Publikationen

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Complexity and Bank Risk During the Financial Crisis

Thomas Krause Talina Sondershaus Lena Tonzer

in: Economics Letters , 2017

Abstract

We construct a novel dataset to measure banks’ complexity and relate it to banks’ riskiness. The sample covers stock listed Euro area banks from 2007 to 2014. Bank stability is significantly affected by complexity, whereas the direction of the effect differs across complexity measures.

Publikation lesen

Arbeitspapiere

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Bank-specific Shocks and House Price Growth in the U.S.

F. Bremus Thomas Krause Felix Noth

in: IWH-Diskussionspapiere , Nr. 3, 2017

Abstract

This paper investigates the link between mortgage supply shocks at the banklevel and regional house price growth in the U.S. using micro-level data on mortgage markets from the Home Mortgage Disclosure Act for the 1990-2014 period. Our results suggest that bank-specific mortgage supply shocks indeed affect house price growth at the regional level. The larger the idiosyncratic shocks to newly issued mortgages, the stronger is house price growth. We show that the positive link between idiosyncratic mortgage shocks and regional house price growth is very robust and economically meaningful, however not very persistent since it fades out after two years.

Publikation lesen

Drivers of systemic risk: Do national and European perspectives differ?

Claudia M. Buch Thomas Krause Lena Tonzer

in: Deutsche Bundesbank Discussion Papers , Nr. 9, 2017

Abstract

In Europe, the financial stability mandate generally rests at the national level. But there is an important exception. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than the national regulator. The precondition is that the ECB identifies systemic risks which are not adequately addressed by the macroprudential regulator at the national level. In this paper, we ask whether the drivers of systemic risk differ when applying a national versus a European perspective. We use market data for 80 listed euro-area banks to measure each bank’s contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main findings. First, on average, systemic risk increased during the financial crisis. The difference between systemic risk at the national and the euro-area level is not very large, but there is considerable heterogeneity across countries and banks. Second, an exploration of the drivers of systemic risk shows that a bank’s contribution to systemic risk is positively related to its size and profitability. It decreases in a bank’s share of loans to total assets. Third, the qualitative determinants of systemic risk are similar at the national and euro-area level, whereas the quantitative importance of some determinants differs.

Publikation lesen

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The Role of Complexity for Bank Risk during the Financial Crisis: Evidence from a Novel Dataset

Thomas Krause Talina Sondershaus Lena Tonzer

in: IWH-Diskussionspapiere , Nr. 17, 2016

Abstract

We construct a novel dataset to measure banks’ complexity and relate it to banks’ riskiness. The sample covers stock listed Euro area banks from 2007 to 2014. Bank stability is significantly affected by complexity, whereas the direction of the effect differs across complexity measures. This heterogeneity advises against the use of a single complexity measure when evaluating the implications of bank complexity.

Publikation lesen
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