Fields of interest: Banking, Housing (Finance), Political Economy of Finance, Finance and Inequality
thk@nationalbanken.dk
Personal website
Professional Experience
Senior Research Economist, Danmarks Nationalbank, 2021 –
Postdoctoral Researcher, Halle Institute for Economic Research, 2018 – 2021
Education
Dr. rer. pol., Economics, University of Magdeburg, 2018
M.Sc., Economics, Leipzig University, 2013
B.Sc., Economics and Management Science, Leipzig University, 2010
Publications
How Do EU Banks’ Funding Costs Respond to the CRD IV? An Assessment Based on the Banking Union Directives Database (with Eleonora Sfrappini, Lena Tonzer, and Cristina Zgherea), 2025, Journal of Financial Stability 78. Data.
"Completing the European Banking Union: Capital Cost Consequences for Credit Providers and Corporate Borrowers," with Michael Koetter, Eleonora Sfrappini and Lena Tonzer, European Economic Review, 148: 104229, (2022)
"Drivers of Systemic Risk: Do National and European Perspectives Differ?" with Claudia M. Buch and Lena Tonzer, Journal of International Money and Finance, 91: 160-176, (2019)
"Delay determinants of European Banking Union implementation," with Michael Koetter and Lena Tonzer, European Journal of Political Economy, 58: 1-20, (2019)
"The Role of Complexity for Bank Risk during the Financial Crisis: Evidence from a Novel Dataset," with Talina Sondershaus and Lena Tonzer, Economics Letters, 150: 118-121, (2017)
Working Papers
Black Political Representation, Regulatory Credit Access, and Mortgage Lending, 2024 (R&R).
Granular Shocks and Shadow Banks: Concentration and Real Effects in Mortgage Markets (with Franziska Bremus and Felix Noth), 2024 (R&R).
Do Women Political Leaders Enhance Government Financial Conditions? Evidence from U.S. Cities (with Iftekhar Hasan and Yaxuan Qi), 2024 (submitted).
Banking market deregulation and mortality inequality (with Iftekhar Hasan, Stefano Manfredonia and Felix Noth), 2023 (submitted).
Work in Progress
The Effects of Real Estate Taxation on Housing and Labor Market Mobility (with Steffen Andersen, Cristian Badarinza and Tarun Ramadorai)
The Effects of Housing Credit Policies: New Evidence from U.S. counties (with Mathias Klein).
Policy Work
Big shocks to the economy have fuelled house prices, Analysis No. 14. 2024 (in Danish).
Market concentration and the Danish rental market, Danmarks Nationalbank Economic Memo, No. 5, 2022.
"Inequality and Savings," with Henrik Yde Andersen, Alina Bartscher and Andreas Kuchler, Danmarks Nationalbank Economic Memo No. 11, (2022)
"Market concentration and the Danish rental market," with Per Andersen and Denis Gorea, Danmarks Nationalbank Economic Memo No. 5, (2022)
"What’s slowing down the European Banking Union?" with Simon Grothe, Michael Koetter and Lena Tonzer, LSE Business Review, (2019)
"Transposition frictions, Banking Union, and integrated financial markets in Europe," with Michael Koetter and Lena Tonzer, G20Insights, Policy Brief, (2017)
Other Work
Commercial real estate price index for Denmark, 2024 (work in progress).
"Staggered completion of the European Banking Union: Transposition dates of the BRRD," with Michael Koetter, Eleonora Sfrappini and Lena Tonzer, IWH Technical Report, (2021)