Johannes Breckenfelder, Ph.D.

Research Interests:

Empirical asset pricing, market microstructure, banking, and monetary policy

Published Articles:

1. Sovereign to Corporate Risk Spillovers, with P. Augustin, H. Boustanifar and J. Schnitzler, 2018, Journal of Money, Credit and Banking, Vol. 50 (5), 857-891.

2. Bank to sovereign risk spillovers across borders: Evidence from the ECB’s Comprehensive Assessment with B. Schwaab, 2018, Journal of Empirical Finance, Vol. 49, 247-262.

Working Papers:

1. The (re)allocation of bank risk, with G. Bekaert , WP 2019.

2. Competition among High-Frequency Traders, and Market Quality , WP 2019.

3. The Reanchoring Channel of QE: The ECB Asset Purchase Programme and Long-Term Inflation Expectations, with P. Andrade,, F. de Fiore, P. Karadi, and O. Tristani, WP (2016); also published as The ECB’s Asset Purchase Programme: An Early Assessment, R&R at the International Journal of Central Banking.

4. Asymmetry Matters: A High-Frequency Risk-Reward Trade-Off, with B. Buchwalter and R. T├ędongap, WP (2012) new version coming soon.

Work in Progress:

1. Banks as providers of liquidity, with V. Ivashina , 2018.

2. Bond markets and quantitative easing, with M. Ampudia, S. Corradin, and P. Collin-Dufresne , 2019.

Disclaimer: The views expressed on this website are my own and do not necessarily reflect those of the European Central Bank or the Eurosystem.