Juniorprofessorin Huyen Nguyen, Ph.D.

Juniorprofessorin Huyen Nguyen, Ph.D.
Aktuelle Position

seit 1/20

Leiterin der Forschungsgruppe Risikoverlagerung in Finanzmärkten und nachhaltige Finanzierung

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

seit 10/19


Friedrich-Schiller-Universität, Jena

seit 10/19

Mitglied der Abteilung Finanzmärkte

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)


  • Wohnungsmärkte
  • nachhaltige Finanzierung
  • empirische Bankenforschung
  • Finanzökonomik

Huyen Nguyen ist seit Oktober 2019 als wissenschaftliche Mitarbeiterin in der Abteilung Finanzmärkte und als Juniorprofessorin an der Friedrich-Schiller-Universität Jena tätig. Ihre Forschungsinteressen liegen in den Bereichen Wohnungsmarkt, empirische Bankenforschung, nachhaltige Finanzierung sowie Finanzökonomik.

Huyen Nguyen studierte an der Foreign Trade University of Vietnam und der Bangor University. Sie promovierte an der University of Nottingham. Bevor Huyen Nguyen zum IWH kam, war sie unter anderem als Senior Research Associate an der University of Bristol tätig und besuchte als Gastwissenschaftlerin die Bank of England, die Deutsche Bundesbank und den Internationalen Währungsfonds.

Ihr Kontakt

Juniorprofessorin Huyen Nguyen, Ph.D.
Juniorprofessorin Huyen Nguyen, Ph.D.
Mitglied - Abteilung Finanzmärkte
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To Securitize or To Price Credit Risk?

Danny McGowan Huyen Nguyen

in: Journal of Financial and Quantitative Analysis, im Erscheinen


Do lenders securitize or price loans in response to credit risk? Exploiting exogenous variation in regional credit risk due to foreclosure law differences along US state borders, we find that lenders securitize mortgages that are eligible for sale to the Government Sponsored Enterprises (GSEs) rather than price regional credit risk. For non-GSE-eligible mortgages with no GSE buyback provision, lenders increase interest rates as they are unable to shift credit risk to loan purchasers. The results inform the debate surrounding the GSEs' buyback provisions, the constant interest rate policy, and show that underpricing regional credit risk increases the GSEs' debt holdings. 

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The Color of Corporate Loan Securitization

Isabella Müller Huyen Nguyen Trang Nguyen

in: IWH Discussion Papers, Nr. 22, 2022


We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that banks are more likely to securitize loans granted to firms that become more carbon-intensive. The effect is more pronounced if banks have a lower willingness to adjust loan terms. Exploiting the election of Donald Trump as an exogenous shock that lowers transition risk, we show that banks respond by a lower securitization of loans given to firms that become more carbon-intensive. This is mainly driven by banks that have no or low preferences for sustainable lending and domestic lenders.

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Deposit Competition and Securitization

Danny McGowan Huyen Nguyen Klaus Schaeck

in: IWH Discussion Papers, Nr. 6, 2021


We provide novel evidence that deposit competition incentivizes banks to securitize loans. Exploiting the state-specific removal of deposit market caps across the U.S. as an exogenous source of competition, we document a 7.1 percentage point increase in the probability that banks securitize their assets. This result is driven by an 11 basis point increase in costs of deposits and a corresponding decrease in banks’ deposit growth. Our results are strongest among small and single state incumbent banks that rely more on deposit funding. These findings highlight an unintended regulatory cause that motivates banks to adopt the originate-to-distribute model.

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