Mathias Hoffmann
  • Home
  • Short Bio
  • Research
  • PhD Students
  • Media
  • Blog
ESC

Searching...

No results found

↑↓ Navigate ↵ Select
Powered by Hugo Blox
  • Blog
    • New survey: Global Tides on Local Shores
    • The European Angle: how can we preserve Europe’s social model?
    • New paper in Financial History Review
    • Almost 9 months into Trump II: Tariffs, Trade wars, and the future of (Switzerland in) Europe
    • New paper in the JPE Macro
    • The SNB and its Watchers
    • Capital flows and housing markets: a global perspective
    • Keynote at 2023 GPEG meeting.
    • Panel discussion on global inflation and challenges for monetary policy
    • Of banks and crises: the 2022 Nobel Prize in Economics
    • “The hikes of others”: some thoughts on the global tightening cycle after the Fed and SNB decisions
    • Germany’s first trade deficit since the 1990s…
    • Series of video interviews on energy crisis, inflation, (de-) globalization, China and government debt
    • New paper in Journal of International Economics
    • Will sanctions on Russia work?
    • Russia’s war in Ukraine, SWIFT sanctions and the Renminbi as an international currency
    • New paper in the Journal of International Economics
    • How high local public debt and local public banks crowd out private investment in Germany – and what the debt brake has to do with it
    • Why do house prices comove across coutries?
    • European Forum at Beijing University, Oct 17th 2020
    • Radio debate on RSI taking stock of the economics of Mr. Trump
    • Softening the Blow of the China Trade Shock — and lessons for EMU in the times of COVID19
    • Links to past Autumn Forum “Globalization of Real Estate Markets” (9-12 Sep 2019)
    • Test and freeze: UZH economics position paper on how to deal with the corona crisis
    • Open Source software for Online Teaching in the times of Corona
    • Banking consolidation and risk sharing in the eurozone
    • New paper in the IMF Economic Review
    • New paper in JEEA
    • Installing Linux Mint (or Ubuntu) on a Dell Precision 5530
    • VoxEU column on Banking Integration in the EMU
    • Globalization of Real Estate Network
    • China’s role in the global financial crisis
    • Interview with SRF on emerging market capital flows
    • Shocks and risk sharing in the EMU: Lessons for Banking and Capital Market Union
    • The Euro at 20
    • Interview with Handelszeitung
    • Affiliation with Norges Bank
    • ADB/ECB conference in Singapore
    • New paper in JIMF
    • New paper in RoWE
  • Research
    • Global Tides on Local Shores: How Do International Capital Flows Affect House Prices?
    • Branch Banking and Regional Financial Markets: Evidence from Prewar Japan
    • Dollar Funding and Housing Markets: The Role of non-US Global Banks
    • The Granular Origins of the Global Financial Cycle
    • Growing Green: How State-Level Banking Deregulation Helped Reduce Industrial Emissions
    • Softening the Blow: U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock
    • Growing Like Germany: Local Public Debt, Local Banks, Low Private Investment
    • `By a Silken Thread': Regional Banking Integration and Credit Reallocation during Japan's Lost Decade
    • Small Firms and Domestic Bank Dependence in Europe's Great Recession
    • Holes in the Dike: The Global Savings Glut, U.S. House Prices, and the Long Shadow of Banking Deregulation
    • Channels of Risk Sharing in the Eurozone: What Can Banking and Capital Market Union Achieve?
    • Shocks and Risk Sharing in the EMU: Lessons for Banking and Capital Market Union
    • A Provincial View of Global Imbalances: Regional Capital Flows in China
    • Systematic Consumption Risk in Currency Returns
    • The Consumption--Income Ratio, Entrepreneurial Risk, and the U.S. Stock Market
    • What Drives China's Current Account?
    • Securitization of Mortgage Debt, Domestic Lending, and International Risk Sharing
    • Consumption Risk Sharing over the Business Cycle: The Role of Small Firms' Access to Credit Markets
    • Has Risk Sharing Increased in Asia (and Elsewhere)?
    • The Home Bias, Capital Income Flows and Improved Long-Term Consumption Risk Sharing between Industrialized Countries
    • Equity Fund Ownership and the Cross-Regional Diversification of Household Risk
    • The Impact of the Euro on International Stability and Volatility
    • The Swiss Franc Exchange Rate and Deviations from Uncovered Interest Parity: Global vs Domestic Factors
    • Real Exchange Rates and Real Interest Rate Differentials: A Present Value Interpretation
    • Consumption, Wealth and Business Cycles in Germany
    • Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integration
    • Financial Globalization, International Business Cycles and Consumption Risk Sharing
    • The Lack of International Consumption Risk Sharing: Can Inflation Differentials and Trading Costs Help Explain the Puzzle?
    • Intra- and International Risk-Sharing in the Short Run and the Long Run
    • Comment on Michael D. Bordo and Thomas F. Helbling `Have National Business Cycles become more synchronized?'
    • International Capital Mobility in the Long Run and the Short Run: Can We Still Learn from Saving-Investment Data?
    • International Macroeconomic Fluctuations and the Current Account
    • Long Run Recursive VAR Models and QR Decompositions
    • The Relative Dynamics of Investment and the Current Account in the G7 Economies
  • Media & Non-Technical Writing
  • PhD Students
  • Short Bio

The Granular Origins of the Global Financial Cycle

Jan 1, 2025·
Mathias Hoffmann
,
Nicola Benigni
,
Torsten Ehlers
,
Boris Hofmann
,
Christian Schmieder
Type
Preprint
publications
Last updated on Jan 1, 2025
← Dollar Funding and Housing Markets: The Role of non-US Global Banks Oct 1, 2025
Growing Green: How State-Level Banking Deregulation Helped Reduce Industrial Emissions Jun 1, 2024 →

© 2026 Mathias Hoffmann. This work is licensed under CC BY NC ND 4.0

Made with Hugo Blox Kit. Clone this template →