Philipp Schnabl

New York University (NYU) - Department of Finance

Assistant Professor of Finance

Stern School of Business

44 West 4th Street

New York, NY 10012-1126

United States

http://pages.stern.nyu.edu/~sternfin/pschnabl/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 3,519

SSRN RANKINGS

Top 3,519

in Total Papers Downloads

14,037

SSRN CITATIONS
Rank 177

SSRN RANKINGS

Top 177

in Total Papers Citations

1,813

CROSSREF CITATIONS

1,948

Scholarly Papers (22)

1.
Downloads 2,025 ( 9,817)
Citation 152

The Deposits Channel of Monetary Policy

Number of pages: 73 Posted: 11 Dec 2014 Last Revised: 31 Mar 2017
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 1,967 (10,101)
Citation 15

Abstract:

Loading...

Monetary policy, deposits, market power, bank lending, liquidity

The Deposits Channel of Monetary Policy

Number of pages: 69 Posted: 11 Apr 2016 Last Revised: 12 Jul 2021
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 58 (460,768)
Citation 92

Abstract:

Loading...

Banking on Deposits: Maturity Transformation Without Interest Rate Risk

Number of pages: 92 Posted: 22 Mar 2017 Last Revised: 29 Jul 2020
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 1,735 (12,387)
Citation 10

Abstract:

Loading...

Banks, maturity transformation, deposits, interest rate risk

Banking on Deposits: Maturity Transformation Without Interest Rate Risk

Number of pages: 76 Posted: 14 May 2018 Last Revised: 19 Nov 2021
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 28 (611,622)
Citation 8

Abstract:

Loading...

Banking on Deposits: Maturity Transformation Without Interest Rate Risk

Number of pages: 67 Posted: 31 May 2018
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 1 (837,877)
Citation 2
  • Add to Cart

Abstract:

Loading...

banks, deposits, interest rate risk, maturity transformation

3.
Downloads 1,617 ( 14,067)
Citation 247

Securitization Without Risk Transfer

AFA 2010 Atlanta Meetings Paper
Number of pages: 51 Posted: 22 Mar 2009 Last Revised: 25 Feb 2012
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 1,437 (16,636)
Citation 10

Abstract:

Loading...

Asset-backed commercial paper (ABCP), shadow banking, regulatory arbitrage, bank capital, conduits, Structured investment vehicle

Securitization Without Risk Transfer

Number of pages: 59 Posted: 10 Feb 2010 Last Revised: 26 Jun 2021
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 169 (224,551)
Citation 20

Abstract:

Loading...

Securitization Without Risk Transfer

Number of pages: 54 Posted: 20 Jan 2012
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 11 (745,039)
Citation 59
  • Add to Cart

Abstract:

Loading...

asset-backed commercial paper (ABCP), bank capital, conduits, regulatory arbitrage, shadow banking, structured investment vehicle (SIV)

4.
Downloads 1,297 ( 19,718)
Citation 60

A Model of Monetary Policy and Risk Premia

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 07 Nov 2013 Last Revised: 05 Jan 2017
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 1,201 (21,779)
Citation 2

Abstract:

Loading...

Monetary policy, leverage, risk premia, reaching for yield

A Model of Monetary Policy and Risk Premia

Number of pages: 64 Posted: 19 May 2014 Last Revised: 27 May 2014
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 96 (344,991)
Citation 28

Abstract:

Loading...

5.

How Safe are Money Market Funds?

Quarterly Journal of Economics, Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 25 Feb 2011 Last Revised: 13 Mar 2013
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 1,220 (21,632)
Citation 34

Abstract:

Loading...

Risk-Taking Incentives, Money Market Funds, Financial Conglomerates

6.

The Rise of Finance Companies and FinTech Lenders in Small Business Lending

NYU Stern School of Business
Number of pages: 86 Posted: 08 Jun 2020 Last Revised: 01 Sep 2021
Manasa Gopal and Philipp Schnabl
Georgia Institute of Technology - Scheller College of Business and New York University (NYU) - Department of Finance
Downloads 981 (29,735)
Citation 4

Abstract:

Loading...

banks, finance companies, small business lending, financial crises

The International Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market

Journal of Finance, Forthcoming, NYU Working Paper No. FIN-08-008
Number of pages: 46 Posted: 09 Mar 2009 Last Revised: 05 Sep 2011
Philipp Schnabl
New York University (NYU) - Department of Finance
Downloads 770 (40,994)
Citation 56

Abstract:

Loading...

Bank Liquidity Shocks, Credit Supply Shocks, Foreign-owned Banks, Bank Lending Channel, Emerging Markets, Financial Contagion

Financial Globalization and the Transmission of Bank Liquidity Shocks: Evidence from an Emerging Market

Number of pages: 44 Posted: 09 Mar 2011
Philipp Schnabl
New York University (NYU) - Department of Finance
Downloads 193 (199,748)
Citation 24

Abstract:

Loading...

Keywords: Bank Liquidity Shocks, Credit Supply Shocks, Foreign-owned Banks, Bank Lending Channel, Emerging Markets, Financial Contagion

8.

The Financial Origins of the Rise and Fall of American Inflation

NYU Stern School of Business
Number of pages: 77 Posted: 10 Mar 2020
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 728 (44,842)
Citation 4

Abstract:

Loading...

Inflation, monetary policy, banks, deposits, regulation Q

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Journal of Finance, Forthcoming
Number of pages: 69 Posted: 19 Jun 2011 Last Revised: 01 Oct 2015
ProfessorNew York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 616 (55,193)
Citation 8

Abstract:

Loading...

Financial Crises, Sovereign Debt, Credit Default Swaps

A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk

Number of pages: 59 Posted: 20 Jun 2011 Last Revised: 29 Oct 2021
ProfessorNew York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 48 (502,494)

Abstract:

Loading...

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

NYU Working Paper No. 2451/31331
Number of pages: 59 Posted: 26 Jun 2013
ProfessorNew York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 40 (541,227)

Abstract:

Loading...

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Number of pages: 62 Posted: 22 Dec 2011
ProfessorNew York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 9 (762,284)
Citation 92
  • Add to Cart

Abstract:

Loading...

credit default swaps, deleveraging, financial crises, forbearance, growth, sovereign debt

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009

Number of pages: 39 Posted: 17 Nov 2009 Last Revised: 19 Nov 2009
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 636 (52,944)
Citation 21

Abstract:

Loading...

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009

Number of pages: 40 Posted: 24 Nov 2009 Last Revised: 17 Jun 2021
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 63 (441,985)

Abstract:

Loading...

11.
Downloads 453 ( 81,737)
Citation 2

How Monetary Policy Shaped the Housing Boom

NYU Stern School of Business
Number of pages: 68 Posted: 08 Mar 2019 Last Revised: 30 Apr 2021
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 436 (84,763)

Abstract:

Loading...

Monetary Policy, Mortgage Lending, Banks, Securitization, Deposits, Private-Label Securitization

How Monetary Policy Shaped the Housing Boom

Number of pages: 52 Posted: 19 Mar 2019 Last Revised: 19 Nov 2021
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 17 (694,588)

Abstract:

Loading...

How Monetary Policy Shaped the Housing Boom

Number of pages: 54 Posted: 14 Jan 2020
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

banks, deposits, monetary policy, Mortgage lending, Private- label securitization, Securitization

12.
Downloads 315 (123,347)
Citation 68

Efficient Recapitalization

Journal of Finance, Forthcoming
Number of pages: 56 Posted: 06 Oct 2009 Last Revised: 09 Aug 2012
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 201 (192,543)
Citation 18

Abstract:

Loading...

Efficient Recapitalization

Number of pages: 56 Posted: 03 May 2009 Last Revised: 18 Apr 2021
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 74 (404,798)

Abstract:

Loading...

Efficient Recapitalization

NYU Working Paper No. 2451/28301
Number of pages: 61 Posted: 10 Sep 2013
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 35 (568,449)

Abstract:

Loading...

Efficient Recapitalization

Number of pages: 63 Posted: 17 Nov 2009
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 5 (796,500)
Citation 4
  • Add to Cart

Abstract:

Loading...

bailout, capital, financial crisis, moral hazard

13.

A Tale of Two Overhangs: The Nexus of Financial Sector and Sovereign Credit Risks

Financial Stability Review, No. 16, April 2012
Number of pages: 6 Posted: 29 Apr 2012
ProfessorNew York University - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 307 (126,781)
Citation 7

Abstract:

Loading...

Sovereign Debt, Financial Crisis, Bailouts, Debt Overhang, Credit Default Swaps

14.
Downloads 305 (127,676)
Citation 75

The Role of Technology in Mortgage Lending

Number of pages: 75 Posted: 21 Feb 2018
Ecole Polytechnique Fédérale de Lausanne, Federal Reserve Banks - Federal Reserve Bank of New York, New York University (NYU) - Department of Finance and Federal Reserve Bank of Philadelphia
Downloads 238 (163,802)
Citation 4

Abstract:

Loading...

mortgage, technology, prepayments, nonbanks

The Role of Technology in Mortgage Lending

Number of pages: 61 Posted: 24 Apr 2018 Last Revised: 12 Jun 2021
Ecole Polytechnique Fédérale de Lausanne, Federal Reserve Banks - Federal Reserve Bank of New York, New York University (NYU) - Department of Finance and Federal Reserve Bank of Philadelphia
Downloads 66 (431,329)
Citation 34

Abstract:

Loading...

The Role of Technology in Mortgage Lending

Number of pages: 77 Posted: 05 Jun 2018
New York University (NYU) - Department of Finance, Ecole Polytechnique Fédérale de Lausanne, Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 1 (837,877)
Citation 34
  • Add to Cart

Abstract:

Loading...

Financial Intermediation, Fintech, Mortgages

Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09

Economic Review, International Monetary Fund, Forthcoming
Number of pages: 61 Posted: 08 Apr 2010 Last Revised: 21 Apr 2010
Viral V. Acharya, Viral V. Acharya and Philipp Schnabl
ProfessorNew York University - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
Downloads 249 (156,715)
Citation 11

Abstract:

Loading...

Financial crisis, financial fragility, maturity mismatch, capital requirements, tail risk

Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09

Number of pages: 62 Posted: 14 Jun 2010 Last Revised: 09 Jun 2021
Viral V. Acharya, Viral V. Acharya and Philipp Schnabl
ProfessorNew York University - Leonard N. Stern School of Business and New York University (NYU) - Department of Finance
Downloads 49 (497,917)

Abstract:

Loading...

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

Number of pages: 48 Posted: 15 Mar 2011 Last Revised: 10 Jun 2013
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 85 (372,896)
Citation 76

Abstract:

Loading...

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

NYU Working Paper No. FIN-11-008
Number of pages: 49 Posted: 06 Nov 2011
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 36 (562,808)

Abstract:

Loading...

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

Number of pages: 41 Posted: 25 Apr 2011 Last Revised: 20 Nov 2021
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and Columbia Business School - Finance and Economics
Downloads 19 (678,836)
Citation 10

Abstract:

Loading...

17.

A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

Number of pages: 64 Posted: 17 May 2012 Last Revised: 17 May 2013
Viral V. Archarya, Itamar Drechsler and Philipp Schnabl
New York University (NYU) - Leonard N. Stern School of Business, Wharton School, Department of Finance and New York University (NYU) - Department of Finance
Downloads 68 (419,180)

Abstract:

Loading...

financial sector bailouts, sovereign credit risk

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds

NYU Working Paper No. 2451/31335
Number of pages: 58 Posted: 26 Jun 2013
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 42 (531,050)

Abstract:

Loading...

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds

Number of pages: 59 Posted: 29 Aug 2011 Last Revised: 31 Oct 2021
Marcin T. Kacperczyk and Philipp Schnabl
Imperial College London - Accounting, Finance, and Macroeconomics and New York University (NYU) - Department of Finance
Downloads 22 (655,418)
Citation 1

Abstract:

Loading...

Specialization in Bank Lending: Evidence from Exporting Firms

Number of pages: 60 Posted: 14 Dec 2015 Last Revised: 26 Jul 2021
Daniel Paravisini, Veronica Rappoport and Philipp Schnabl
London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) and New York University (NYU) - Department of Finance
Downloads 32 (586,012)
Citation 1

Abstract:

Loading...

Specialization in Bank Lending: Evidence from Exporting Firms

Number of pages: 59 Posted: 25 Jul 2017
Daniel Paravisini, Philipp Schnabl and Veronica Rappoport
London School of Economics & Political Science (LSE), New York University (NYU) - Department of Finance and London School of Economics & Political Science (LSE)
Downloads 0
Citation 7
  • Add to Cart

Abstract:

Loading...

Banking, Export Finance, specialization

20.

Dissecting the Effect of Credit Supply on Trade

NYU Working Paper No. 2451/31297
Number of pages: 49 Posted: 26 Jun 2013
New York University (NYU) - Department of Finance, London School of Economics & Political Science (LSE), London School of Economics & Political Science (LSE) and Columbia Business School - Finance and Economics
Downloads 29 (589,049)

Abstract:

Loading...

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

Number of pages: 55 Posted: 31 Jan 2011 Last Revised: 16 Sep 2021
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 16 (702,728)

Abstract:

Loading...

Informational Rents, Macroeconomic Rents, and Efficient Bailouts

Number of pages: 57 Posted: 31 Jan 2011
Thomas Philippon and Philipp Schnabl
New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance
Downloads 3 (813,853)
  • Add to Cart

Abstract:

Loading...

bailouts, crises, debt overhang, recapitalization

22.

Liquidity, Risk Premia, and the Financial Transmission of Monetary Policy

Annual Review of Financial Economics, Vol. 10, pp. 309-328, 2018
Posted: 08 Nov 2018
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Wharton School, Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Department of Finance

Abstract:

Loading...