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Talina Sondershaus

Talina Sondershaus
Current Position

since 9/16

Economist in the Department of Financial Markets

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

Research Interests
  • unconventional monetary policy and financial constraints of enterprises
  • complexity of banks

Talina Sondershaus joined the Department of Financial Markets as a doctoral student in September 2016. Her research focuses on effects of unconventional monetary policy on financial intermediation and the real economy as well as the effects of banking networks.

Talina Sondershaus received her bachelor's degree from University of Mannheim and her master's degree from Leipzig University. She also spent a semester at the University of Bergen, Norway.

Your contact

Talina Sondershaus
Talina Sondershaus
Mitglied - Department Financial Markets
Send Message +49 345 7753-807

Publications

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Complexity and Bank Risk During the Financial Crisis

Thomas Krause Talina Sondershaus Lena Tonzer

in: Economics Letters, January 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.

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Working Papers

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Do Asset Purchase Programmes Shape Industry Dynamics? Evidence from the ECB's SMP on Plant Entries and Exits

Manfred Antoni Michael Koetter Steffen Müller Talina Sondershaus

in: IWH Discussion Papers, No. 12, 2019

Abstract

Asset purchase programmes (APPs) may insulate banks from having to terminate relationships with unproductive customers. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit. Plants in Germany connected to banks with access to an APP are approximately 20% less likely to exit. In particular, unproductive plants connected to weak banks with APP access are less likely to close. Aggregate entry and exit rates in regional markets with high APP exposures are also lower. Thus, APPs seem to subdue Schumpeterian cleansing mechanisms, which may hamper factor reallocation and aggregate productivity growth.

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Related Topics

Policy Evaluation Monetary Policy Regulation Financial Institutions
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