Prof. Noth
Professur Banking and Financial Systems
Abgeschlossene Projekte
Relationship lenders and unorthodox monetary policy: Investment, employment, and resource reallocation effects
Laufzeit: 01.12.2015 bis 28.11.2020
We combine a number of unique and proprietary data sources to measure the impact of relationship lenders and unconventional monetary policy during and after the European sovereign debt crisis on the real economy. Establishing systematic links between different research data centers ( Forschungsdatenzentren , FDZ) and central banks with detailed micro-level information on both financial and real activity is the stand-alone proposition of our proposal. The main objective is to permit the identification of causal effects, or their absence, regarding which policies were conducive to mitigate financial shocks and stimulate real economic activities, such as employment, investment, or the closure of plants.
Interactions between bank-specific risk and macroeconomic performance
Laufzeit: 01.01.2015 bis 31.12.2018
The global financial crisis has demonstrated that financial markets and the real economy are closely related. We have learned that risk at the level of individual financial institutions can harm the stability of the financial system as a whole. This, in turn, affects macroeconomic performance and potentially slows down economic recovery. In this project, we will investigate how risk at the level of large banks and macroeconomic performance, as measured by GDP growth or volatility, are related. To that goal, we will build on the theory of granularity. This theory reveals that volatility at the level of individual firms can translate into macroeconomic fluctuations if market concentration is high. Moreover, we will explore how regulatory policy affects the link between bank-level and systemic risk. In order to analyze how bank-specific shocks, financial regulation and macroeconomic performance are interrelated, we will address the following research questions:
1. How do credit supply shocks at the bank-level contribute to systemic risk at the regional,
country and international level (Module 1)?
2. How does a regulatory change that affects the competitive environment of banks impact
bank risk and macroeconomic performance (Module 2)?
3. What role does bank size play for risk at the bank-level and how is this link affected by
financial regulation (Module 3)?
Our project results will provide evidence to inform the current debate on micro- and macroprudential regulation. According to the concept of granularity, macroeconomic volatility can be reduced via two channels. On the one hand, microprudential regulation, i.e. regulation at the level of individual (large) banks, can reduce macroeconomic instability: If large banks get less risky, macroeconomic volatility is ceteris paribus mitigated. Our research aims at identifying specific policy tools that help to mitigate the volatility (or risk) at the bank-level. On the other hand, macroprudential policies that monitor the development of bank market structures like concentration are important; the higher concentration, the stronger gets the transmission of bank-level shocks to the aggregate economy. Moreover, concentration and competitive pressures in the banking system impact banks risk-taking behavior and hence bank-specific volatility. Consequently, micro- and macro-prudential regulation should be coordinated in order to address possible trade-offs between stability at the micro- and macroeconomic level. In this project, we aim at addressing these inter-linkages between bank-specific risk, the competitive environment and macroeconomic performance.
2025
Begutachteter Zeitschriftenartikel
Nothing special about an allowance for corporate equity - evidence from Italian banks
Dreusch, Dennis; Noth, Felix; Reichling, Peter
In: Journal of international money and finance - Amsterdam [u.a.] : Elsevier Science, Bd. 150 (2025), S. 1-22, Artikel 103219
2024
Begutachteter Zeitschriftenartikel
Church membership and economic recovery - evidence from the 2005 hurricane season
Hasan, Iftekhar; Manfredonia, Stefano; Noth, Felix
In: The economic journal - Oxford : Oxford University Press, Bd. 134 (2024), Heft 664, S. 3306-3332
‘And forgive us our debts’ - Christian moralities and over‐indebtedness
Hasan, Iftekhar; Noth, Felix; Kiesel, Konstantin
In: The journal of financial research - Lubbock, Tex. : College of Business Administration, Texas Tech University . - 2024, insges. 19 S.
Nicht begutachteter Zeitschriftenartikel
Aktuelle Trends - die Liquidität europäischer Immobilienmärkte in der Polykrise
Koetter, Michael; Noth, Felix; Wöbbeking, Carl Fabian
In: Wirtschaft im Wandel - Halle, S. : IWH, Bd. 30 (2024), Heft 1, S. 4-5
From shares to machines - how common ownership drives automation
Emmens, Joseph; Hutschenreiter, Dennis; Manfredonia, Stefano; Noth, Felix; Santini, Tommaso
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2024, 1 Online-Ressource (III, 44 Seiten, 2,54 MB) - (IWH discussion papers; 2024, no. 23 (October 2024)) [Literaturverzeichnis: Seite 30-34]
2023
Begutachteter Zeitschriftenartikel
Does IFRS information on tax loss carryforwards and negative performance improve predictions of earnings and cash flows?
Dreher, Sandra; Eichfelder, Sebastian; Noth, Felix
In: Journal of business economics - Berlin : Springer . - 2023, insges. 39 S. [Online first]
Natural disasters and bank stability - evidence from the U.S. financial system
Noth, Felix; Schüwer, Ulrich
In: Journal of environmental economics and management - Amsterdam [u.a.] : Elsevier, Bd. 119 (2023), Artikel 102792
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
The impact of financial transaction taxes on stock markets - short-run effects, long-run effects, and reallocation of trading activity
Eichfelder, Sebastian; Noack, Mona; Noth, Felix
In: National tax journal - Chicago, Ill. : Univ. of Chicago Press, Bd. 75 (2022), Heft 3, S. 539-569
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
Dissertation
Essays in financial economics
Mueller, Isabella; Noth, Felix; Koetter, Michael
In: Magdeburg: Universitätsbibliothek, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2022, 1 Online-Ressource (verschiedene Seitenzählungen, 1,36 MB) [Literaturangaben][Literaturangaben]
Unintended side effects of financial market interventions on banks and firms
Sondershaus, Talina; Noth, Felix; Koetter, Michael
In: Magdeburg: Universitätsbibliothek, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2022 kumulative Dissertation, 1 Online-Ressource (getrennte Seitenzählung, 2,92 MB) [Literaturangaben]
Nicht begutachteter Zeitschriftenartikel
European real estate markets during the pandemic - Is COVID-19 also a case for house price concerns?
Koetter, Michael; Noth, Felix
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH) – Member of the Leibniz Association, 2022, 1 Online-Ressource (8 Seiten, 0,58 MB) - (IWH policy notes; 2022, 3 (15 November 2022))
European real estate prices - collection and processing of sale and rental prices in 18 European countries
Koetter, Michael; Noth, Felix
In: Halle (Saale), Germany: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2022, 1 Online-Ressource (28 Seiten, 3,46 MB) - (IWH technical reports; 2022, no. 3 (October 2022))
Aktuelle Trends - Immobilienpreise in Deutschland steigen seit Pandemiebeginn im EU-Vergleich am stärksten
Koetter, Michael; Noth, Felix
In: Wirtschaft im Wandel - Halle, S. : IWH, Bd. 28 (2022), Heft 1, S. 4-5
2021
Begutachteter Zeitschriftenartikel
A note of caution on quantifying banks' recapitalization effects
Schmidt, Kirsten; Noth, Felix; Tonzer, Lena
In: Journal of money, credit and banking - Oxford : Wiley-Blackwell . - 2021, insges. 11 S.
Banking globalization, local lending, and labor market effects - micro-level evidence from Brazil
Noth, Felix; Ossandon Busch, Matias
In: Journal of financial stability - Amsterdam [u.a.] : Elsevier, Bd. 56 (2021), Artikel 100933
Dissertation
Individual housing decisions, mortgage supply and housing market regulations
Mavropoulos, Antonios; Koetter, Michael; Noth, Felix
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2021, 1 Band (verschiedene Seitenzählungen) [Literaturangaben; Enthält verschiedene Aufsätze]
How labor market frictions matter for financial decision making
Wagner, Konstantin; Noth, Felix; Koetter, Michael
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2021, 1 Band (verschiedene Seitenzählungen) [Literaturangaben; Enthält 4 Publikationen]
Essays on banking and finance
Stieglitz, Moritz; Koetter, Michael; Noth, Felix
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2021 Kumulative Dissertation, 1 Band (verschiedene Seitenzählungen) [Literaturangaben; Enthält 4 Schriften]
Nicht begutachteter Zeitschriftenartikel
The impact of financial transaction taxes on stock markets - short-run effects, long-run effects, and reallocation of rading activity
Eichfelder, Sebastian; Noack, Mona; Noth, Felix
In: Berlin: Arbeitskreis Quantitative Steuerlehre, 2021, 1 Online Ressource - (Arqus discussion paper; no. 266)
2020
Begutachteter Zeitschriftenartikel
Borrowers under water! - rare disasters, regional banks, and recovery lending
Koetter, Michael; Noth, Felix; Rehbein, Oliver
In: Journal of financial intermediation - Orlando, Fla. : Academic Press, Bd. 43 (2020), Artikel 100811
2018
Begutachteter Zeitschriftenartikel
How do banks react to catastrophic events? - evidence from hurricane Katrina
Schüwer, Ulrich; Lambert, Claudia; Noth, Felix
In: Review of finance - Oxford : Oxford University Press . - 2018
Badly hurt? - natural disasters and direct firm effects
Noth, Felix; Rehbein, Oliver
In: Finance research letters - New York : Elsevier Science . - 2018
Market power and risk - evidence from the U.S. mortgage market
Müller, Carola; Noth, Felix
In: Economics letters - Amsterdam [u.a.] : Elsevier, Bd. 169 (2018), S. 72-75
Regional banking instability and FOMC voting
Eichler, Stefan; Lähner, Tom; Noth, Felix
In: Journal of Banking & Finance, 2018, S. 282-292, ISSN 03784266, 10.1016/j.jbankfin.2017.10.011
Dissertation
Four essays on financial stability and competition with heterogeneous banks
Müller, Carola; Gropp, Reint; Koetter, Michael; Noth, Felix
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2018, 138 Seiten [Literaturverzeichnis: Seite 129-138]
The costs of sovereign defaults - odious debts, migration and policies
Horn, Fabian; Paqué, Karl-Heinz; Noth, Felix
In: Magdeburg, Dissertation Otto-von-Guericke-Universität Magdeburg, Fakultät für Wirtschaftswissenschaft 2018, XVII, 295 Seiten [Literaturverzeichnis: Seite 230-262][Literaturverzeichnis: Seite 230-262]
2017
Begutachteter Zeitschriftenartikel
How do insured deposits affect bank risk? Evidence from the 2008 Emergency Economic Stabilization Act
Lambert, Claudia; Noth, Felix; Schüwer, Ulrich
In: Journal of Financial Intermediation, 2017, S. 81-102, ISSN 10429573, 10.1016/j.jfi.2015.07.001
Bank risk proxies and the crisis of 2007/09: a comparison
Noth, Felix; Tonzer, Lena
In: Applied Economics Letters, 2016, S. 1-4, ISSN 1350-4851, 10.1080/13504851.2016.1205716
Structural Reforms in Banking: The Role of Trading
Krahnen, Jan-Pieter; Noth, Felix; Schüwer, Ulrich
In: Journal of Financial Regulation, 2017, S. 66-88, ISSN 2053-4833, 10.1093/jfr/fjw018
Dissertation
Preparing the soil to make economic growth sustainable - insights into cultural factors and discretionary policy measures
Kiesel, Konstantin Markus; Noth, Felix; Koetter, Michael
In: Magdeburg, 2017, VIII, 189 Seiten, Illustrationen[Literaturverzeichnis: Seite 130-141]
2016
Artikel in Zeitschrift
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
Begutachteter Zeitschriftenartikel
Foreign funding shocks and the lending channel: Do foreign banks adjust differently?
Noth, Felix; Ossandon Busch, Matias
In: 2016, S. 222-227
Decision-Making Power in Foreign Subsidiaries and Its Effect on Financial Constraints: An Analysis for Selected European Transition Economies on the Basis of the IWH FDI Micro Database 2013
Noth, Felix; Gauselmann, Andrea
In: 2016, S. 1-14
Did tarp distort competition among sound unsupported banks?
Kötter, Michael; Noth, Felix
In: Economic inquiry - Hoboken, NJ : Wiley-Blackwell, Bd. 54 (2016), Heft 2, S. 994-1020
Monografie
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)
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
Begutachteter Zeitschriftenartikel
DID TARP DISTORT COMPETITION AMONG SOUND UNSUPPORTED BANKS?
Koetter, Michael; Noth, Felix
In: Economic Inquiry, 2015, S. n/a-n/a, ISSN 00952583, 10.1111/ecin.12281
Bank market power, factor reallocation, and aggregate growth
Inklaar, Robert; Koetter, Michael; Noth, Felix
In: Journal of financial stability. - Amsterdam [u.a.] : Elsevier, Bd. 19.2015, S. 31-44
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)
2014
Begutachteter Zeitschriftenartikel
Why do banks provide leasing?
Bülbül, Dilek; Noth, Felix; Tyrell, Marcel
In: Journal of financial services research. - New York,NY : Springer Science + Business Media B.V, Bd. 46.2014, 2, S. 137-175
2013
Begutachteter Zeitschriftenartikel
Financial constraints of private firms and bank lending behavior
Behr, P.; Norden, L.; Noth, F.
In: Journal of Banking and Finance, Vol. 37, 2013, Issue 9, S. 3472-3485, ISSN 03784266, 10.1016/j.jbankfin.2013.05.018
Why Do Banks Provide Leasing?
Bülbül, D.; Noth, F.; Tyrell, M.
In: Journal of Financial Services Research, 2013, S. 1-39, ISSN 09208550, 10.1007/s10693-013-0185-z
2012
Begutachteter Zeitschriftenartikel
IT use, productivity, and market power in banking
Koetter, M.; Noth, F.
In: Journal of Financial Stability, 2012, ISSN 15723089, 10.1016/j.jfs.2012.06.001
- Keine Daten im Forschungsportal hinterlegt.
- Bankenmärkte und realwirtschaftliches Wachstum
- Bankenregulierung und Risikoanreize für Banken
- Naturkatastrophen und Auswirkungen auf Banken
- Bankenmärkte und realwirtschaftliches Wachstum
- Bankenregulierung und Risikoanreize für Banken
- Naturkatastrophen und Auswirkungen auf Banken
2007 Diploma in Economics (Thesis: Forward Exchange Rate Unbiasedness Hyothesis: Eine Analyse des Euros), LMU Munich
2003 Management assistant, Sheraton Frankfurt Hotel, Frankfurt
1999 A-levels, Alfred Delp School, Dieburg