25 Years IWH

Carola Müller

Carola Müller
Current Position

since 5/18

Junior Research Affiliate

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • banking regulation
  • financial intermediation
  • risk incentives of banks

Carola Müller joined the IWH as a Junior Research Affiliate in the Financial Markets department in May 2018. Her research focuses on banking regulation and bank productivity.

Carola Müller was a PhD student at IWH from 2015-2018. She studied Economics (BA) and International Economics (MA) at Georg-August-Universität Göttingen.

Your contact

Carola Müller
Carola Müller
Mitglied - Department Financial Markets
Send Message



Market Power and Risk: Evidence from the U.S. Mortgage Market

Carola Müller Felix Noth

in: Economics Letters, forthcoming


We use mortgage loan application data of the Home Mortgage Disclosure Act (HMDA) to shed light on the role of banks’ market power on their presumably insufficient risk screening activities in the U.S. mortgage market in the pre-crisis era. We find that banks with higher market power protect their charter value. The effect is stronger for banks that have more information about local markets.

read publication
Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoWeltoffen Logo