Prof. Tonzer
Prof. Dr. Lena Tonzer
Lehrstuhl VWL, insb. Makroökonomik
2024
Dissertation
Four essays on banking, climate risks, and financial regulation
Sfrappini, Eleonora; Koetter, Michael; Tonzer, Lena
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2024, 1 Band (verschiedene Seitenzählungen) [Literaturangaben; Es handelt sich um eine kumulative Schrift, die aus Artikeln und einer vorangestellten Einleitung besteht][Literaturangaben; Es handelt sich um eine kumulative Schrift, die aus Artikeln und einer vorangestellten Einleitung besteht]
Nicht begutachteter Zeitschriftenartikel
How do EU banks' funding costs respond to the CRD IV? - an assessment based on the Banking Union directives database
Krause, Thomas; Sfrappini, Eleonora; Tonzer, Lena; Zgherea, Cristina
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2024, 1 Online-Ressource (III, 59 Seiten, 1,8 MB) - (IWH discussion papers; 2024, no. 12 (April 2024)) [Literaturverzeichnis: Seite 22-24]
Inflation concerns and green product consumption - evidence from a nationwide survey and a framed field experiment
Jeworrek, Sabrina; Tonzer, Lena
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2024, 1 Online-Ressource (III, 49 Seiten, 1,74 MB) - (IWH discussion papers; 2024, no. 10 (March 2024)) [Literaturverzeichnis: Seite 24-26]
Der Staat und die Banken: Bankenregulierung im Kontext dynamischer Entwicklungen und unter Berücksichtigung indirekt betroffener Akteure
Ludolph, Melina; Tonzer, Lena
In: ifo Schnelldienst digital - München : ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V., Bd. 5 (2024), Heft 7, S. 27-30
2023
Begutachteter Zeitschriftenartikel
Cultural norms and corporate fraud - evidence from the Volkswagen scandal
Hasan, Iftekhar; Noth, Felix; Tonzer, Lena
In: Journal of corporate finance - [Amsterdam] : Elsevier Science, Bd. 82 (2023), Artikel 102443
2022
Begutachteter Zeitschriftenartikel
A Note of Caution on Quantifying Banks' Recapitalization Effects
SCHMIDT, KIRSTEN; NOTH, FELIX; TONZER, LENA
In: Journal of Money, Credit and Banking, Wiley, Bd. 54, Heft 4, S. 1123-1133
Understanding climate activism - who participates in climate marches such as “Fridays for Future” and what can we learn from it?
Noth, Felix; Tonzer, Lena
In: Energy research & social science - Amsterdam ˜[u.a.]œ : Elsevier, Bd. 84 (2022), Artikel 102360
Completing the European Banking Union: Capital cost consequences for credit providers and corporate borrowers
Krause, Thomas; Koetter, Michael; Sfrappini, Eleonora; Tonzer, Lena
In: European Economic Review
Financial Linkages and Sectoral Business Cycle Synchronization: Evidence from Europe
Böhm, Hannes; Schaumburg, Julia; Tonzer, Lena
In: IMF Economic Review, Springer Science and Business Media LLC, Bd. 70, Heft 4, S. 698-734
Firm‐specific forecast errors and asymmetric investment propensity
Buchholz, Manuel; Tonzer, Lena; Berner, Julian
In: Economic Inquiry, Wiley, Bd. 60, Heft 2, S. 764-793
2021
Begutachteter Zeitschriftenartikel
Monetary policy through exchange rate pegs: The removal of the Swiss franc‐Euro floor and stock price reactions
von Schweinitz, Gregor; Tonzer, Lena; Buchholz, Manuel
In: International Review of Finance, Wiley, Bd. 21, Heft 4, S. 1382-1406
Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil
Becker, Chris; Ossandon Busch, Matias; Tonzer, Lena
In: Journal of Corporate Finance, Elsevier BV, Bd. 71, S. 102096
2020
Begutachteter Zeitschriftenartikel
Do conventional monetary policy instruments matter in unconventional times?
Buchholz, Manuel; Schmidt, Kirsten; Tonzer, Lena
In: Journal of Banking & Finance, Elsevier BV, Bd. 118, S. 105858
Interactions between bank levies and corporate taxes: How is bank leverage affected?
Bremus, Franziska; Schmidt, Kirsten; Tonzer, Lena
In: Journal of Banking & Finance, Elsevier BV, Bd. 118, S. 105874
2019
Begutachteter Zeitschriftenartikel
Elevated Uncertainty during the Financial Crisis: Do Effects on Subjective Well-Being Differ across European Countries?
Tonzer, Lena
In: The B.E. Journal of Economic Analysis & Policy, Walter de Gruyter GmbH, Bd. 19, Heft 2
Drivers of systemic risk: Do national and European perspectives differ?
Buch, Claudia M.; Krause, Thomas; Tonzer, Lena
In: Journal of International Money and Finance, Elsevier BV, Bd. 91, S. 160-176
Delay determinants of European Banking Union implementation
Koetter, Michael; Krause, Thomas; Tonzer, Lena
In: European journal of political economy - Amsterdam [u.a.] : Elsevier, Bd. 58 (2019), S. 1-20
2017
Begutachteter Zeitschriftenartikel
Complexity and bank risk during the financial crisis
Krause, Thomas; Sondershaus, Talina; Tonzer, Lena
In: Economics Letters, Elsevier BV, Bd. 150, S. 118-121
2016
Artikel in Zeitschrift
2nd IWH-FIN-FIRE Workshop on Challenges to Financial Stability ein Tagungsbericht
Tonzer, Lena
In: Wirtschaft im Wandel - Halle, S. : IWH - 22(2016)5, S. 107
Bank risk proxies and the crisis of 2007/09 - a comparison
Noth, Felix; Tonzer, Lena
In: Applied economics letters - Abingdon : Routledge, Bd. 23 (2016), S. 1-4
Aktuelle Trends - Turbulenzen an den Finanzmärkten vor und nach dem Brexit-Referendum
Tonzer, Lena
In: Wirtschaft im Wandel - Halle, S. : IWH - 22(2016)3, S. 48
Taxing banks - an evaluation of the German Bank Levy
Buch, Claudia M.; Hilberg, Björn; Tonzer, Lena
In: Journal of banking and finance - Amsterdam : Elsevier North-Holland, Bd. 72 (2016), S. 52-66
Begutachteter Zeitschriftenartikel
Sovereign Credit Risk Co-Movements in the Eurozone: Simple Interdependence or Contagion? - Sovereign Credit Risk Co-Movements in the Eurozone
Buchholz, Manuel; Tonzer, Lena
In: International Finance, Wiley, Bd. 19, Heft 3, S. 246-268
Monografie
Asymmetric investment responses to firm-specific uncertainty
Buchholz, Manuel; Tonzer, Lena; Berner, Julian
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH), 2016, 1 Online-Ressource (58 Seiten = 1,7 MB), Illustrationen - (IWH discussion papers; no. 7/2016)
Brexit (probability) and effects on financial market stability
Krause, Thomas; Noth, Felix; Tonzer, Lena
In: Halle (Saale): Leibniz-Institut für Wirtschaftsforschung Halle (IWH), 2016, 1 Online-Ressource (9 Seiten, 8,57 MB), Illustrationen - (IWH online; 2016, 5)
International banking and cross-border effects of regulation - lessons from Germany
Ohls, Jana; Pramor, Marcus; Tonzer, Lena
In: Frankfurt am Main: Deutsche Bundesbank, 2016, 1 Online-Ressource (circa 35 Seiten) - (Discussion paper; Deutsche Bundesbank; no 2016/27), ISBN: 978-3-95729-280-3
The role of complexity for bank risk during the financial crisis - evidence from a novel dataset
Krause, Thomas; Sondershaus, Talina; Tonzer, Lena
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH), 2016, 1 Online-Ressource (III, 31 Seiten, 0,82 MB), Diagramme - (IWH discussion papers; no. 17/2016)
Central bank transparency and cross-border banking
Eichler, Stefan; Littke, Helge; Tonzer, Lena
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH), 2016, 1 Online-Ressource (III, 55 Seiten, 1,28 MB), Diagramme, Karten - (IWH discussion papers; no. 16/2016)
2015
Artikel in Zeitschrift
Welche Risikomaße bilden das Ausfallrisiko für Geschäftsbanken adäquat ab? - Eine Analyse am Beispiel US-amerikanischer Banken
Noth, Felix; Tonzer, Lena
In: Wirtschaft im Wandel - Halle, S. : IWH - 21(2015)2, S. 25-28
1st IWH-FIN-FIRE Workshop on challenges to financial stability
Bacher, Annika; Tonzer, Lena
In: Wirtschaft im Wandel - Halle, S. : IWH - 21(2015)5, S. 90
Cross-border interbank networks, banking risk and contagion
Tonzer, Lena
In: Journal of financial stability - Amsterdam [u.a.] : Elsevier, Bd. 18.2015, S. 19-32
Begutachteter Zeitschriftenartikel
Uncertainty, Bank Lending, and Bank-Level Heterogeneity
Buch, Claudia M; Buchholz, Manuel; Tonzer, Lena
In: IMF Economic Review, Springer Science and Business Media LLC, Bd. 63, Heft 4, S. 919-954
Monografie
Bank risk proxies and the crisis of 2007/09 : a comparison
Noth, Felix; Tonzer, Lena
In: Halle (Saale): Leibniz-Inst. für Wirtschaftsforschung - IWH, 2015, Online-Ressource (PDF-Datei: III, 7 S., 0,3 MB) - (IWH-Diskussionspapiere; 2015,13)
Aktuelle Projekte
Banks' Foreign Homes
Laufzeit: 01.01.2023 bis 30.06.2025
This project analyses the drivers of banks' lending behaviour backed by real estate during the low interest rate environment. Typical drivers of cross-border activities of banks are distance, cultural similarities or institutional factors. Also profit opportunities play an important role. Especially during the low interest rate environment recently experienced in the euro area, banks might actively search for yield by investing abroad. Our study tests whether such motives can be observed in the data.
International Banking and Global Supply Chain Disruptions
Laufzeit: 01.01.2022 bis 31.12.2024
Trade and financial flows are globally intertwined, and trade exposures might drive banks' cross-border lending decisions. In this study, we investigate how global supply chain exposures affect international lending activities of banks. For identification, we exploit the unexpected disruptions in international trade due to the Covid-19 pandemic in a panel of Austrian banks for the period from 2017 to 2021. Our analysis provides relevant insights into how trade exposures affect internationally active banks' cross border activities.
Abgeschlossene Projekte
Distributional effects of macroprudential policies in Europe
Laufzeit: 01.07.2021 bis 30.06.2024
The sustainability of economic unions like the European Union (EU) or currency unions like the euro area depend amongst others on similar economic growth paths, non-excessive debt levels or dispersions in income distributions across countries. Financial crises pose a threat in that respect, as they tend to result in deep and prolonged recessions. The re-regulation of the financial system over the last decade intends to decrease systemic vulnerability and thus negative effects of financial crises on the real sector and individuals. To reach the objective of a more stable financial system, a key element is the introduction of macroprudential policies. An increasing range of studies looks at the first order effects of macroprudential regulation on banking system stability or lending sensitivities finding that credit and house price growth declines given tighter regulation (e.g., Aiyar et al. 2014, Akinci and Olmstead-Rumsey 2018, Cerutti et al. 2017, Danisewicz et al. 2017). However, less evidence exists on indirect spillovers to individuals via distributional effects. In this paper, we aim to fill this gap and ask whether the introduction of macroprudential policies targeting financial system stability affect individuals’ income situation heterogeneously along the income distribution, which might have implications for income inequality in Europe. The analysis is based on EU-SILC microdata and covers households and individuals across countries being part of the European Union for the period from 2010 to 2018.