JAN P. KRAHNEN - Center for Financial Studies

Globale Finanzmärkte und Europäische Währungsunion I, CFS-Kolloquium 40, Frankfurt:
Knapp Publisher 1998 (Eds. Krahnen, J. and B. Rudolph)
Umbau der Finanzindustrie, CFS-Kolloquium 39, Frankfurt: Knapp Publisher 1997 (Eds.
Krahnen, J. and B. Rudolph)
Development Finance as Institution Building (with R.H. Schmidt); Westview Press, Boulder,
Col., 1994.
Sunk Costs und Unternehmensfinanzierung [Sunk costs and corporate finance]; Wiesbaden:
Gabler-Verlag, 1991 (Habilitation).
Kapitalmarkt und Kreditbank - Untersuchungen zu einer mikroökonomischen Theorie der
Bankunternehmung [The capital market and commercial banking - Towards a
microeconomic theory of the banking firm]; Berlin: Duncker & Humblot, 1985
(Dissertation).
II. Working Papers (under review or in revision)
1. Does credit securitization reduce bank risk? Evidence from the European CDO market,
Working Paper, current version: February 2007, (with D. Hänsel)
2. Subjective evaluation of delayed risky outcomes: an experimental approach, current
version November 2006 (with Uri Benzion, Tal Shavit).
3. Risk transfer with CDOs and systemic risk in banking, Working paper, current version:
June 2006 (with C. Wilde), revise and resubmit, Journal of Financial Intermediation
4. Monitoring credit risk transfer in capital markets: statistical implications, working paper
September 2006, (an extended summary is published in: Financial Statistics for a Global
Economy, Third ECB Conference on Statistics, ed. by Steven Keuning, ECB: Frankfurt 2007,
pp. 83-87; (with Dennis Hänsel and Christian Wilde)
5. Lead and Lag Effects of Rating Action: The Case of Asset Backed Securities, current
version: September 2004 (with A. Jobst)
6. Multiple lenders and corporate distress: Evidence on debt restructuring, Working Paper,
current version: June 2006 (with A. Brunner).
7. Collateral, default risk, and relationship lending: An empirical study on financial
contracting, working paper 2002, (with Ralf Elsas), under revision.
8. Information production in lending relationships: The role of internal ratings in
commercial banking; CFS-Working Paper, (with A. Brunner und M. Weber), working
paper 1998.
III. Articles (published or accepted for publication)
1. Default Risk Sharing between banks and markets: the case of collateralized debt