Fields: Financial Intermediation Theory, Financial Markets, Financial Fragility, International Finance, Macro-Finance, Industrial Organization

Short bio

Christoph Bertsch joined the Research Division of Sveriges Riksbank in September 2013, coming from the University College London where he was Research Associate (Post-Doc) for two years. Christoph obtained his PhD from the European University Institute. Before that Christoph studied at the University of Mannheim and visited the PhD program in Economics at UCLA for one academic year. Christoph’s research interests cover financial intermediation theory, public liquidity provision, financial fragility, competition in banking, macroeconomics and international finance.

 

Private web page with latest papers: http://www.christophbertsch.com/


Education

  • Ph.D. Economics, European University Institute, 2013
  • M.Res. Economics, European University Institute, 2008
  • Dipl.-Vw. University of Mannheim, 2007

Working papers

”Fed Liftoff and Subprime Loan Interest Rates: Evidence from the Peer-to-Peer Lending Market”, with I. Hull and X. Zhang (Sveriges Riksbank Working Paper Series No. 319, April 2016)

 

”Fire Sale Bank Recapitalizations”, with M. Mariathasan (Sveriges Riksbank Working Paper Series No. 312, September 2015)

 

”A detrimental feedback loop: deleveraging and adverse selection”  (Sveriges Riksbank Working Paper Series No. 277, September 2013, revised February 2015)

 

”A wake-up call theory of contagion”, with T. Ahnert (Sveriges Riksbank Working Paper Series No. 294, January 2015)

-         Newest version with a negatively skewed macro shock

-         A previous version was published under the title ”A wake-up call: information contagion and strategic uncertainty”, with T. Ahnert (Sveriges Riksbank Working Paper Series No. 282, October 2013, revised March 2014)

 

"Systematic bailout guarantees and tacit coordination" with C. Calcagno and Mark Le Quement (Sveriges Riksbank Working Paper Series No. 289, October 2014)


Publications in refereed journals

"Systematic bailout guarantees and tacit coordination" with C. Calcagno and Mark Le Quement (2014), The B.E. Journal of Economic Analysis and Policy (Advances), Volume 15, Issue 1, Pages 1-36, December 2014.


Invited talks and conference attendance 

Invited talks (since September 2013):

 

2015: Max Planck Institute for Research on Collective Goods, International Monetary Fund, Bank of Canada, Universitat de Barcelona

 

2014: DIW Berlin, Federal Reserve Bank of St. Louis, IWH Halle, Uppsala University

 

2013: University of Gothenburg, University of Vienna

 

Conference attendance (since September 2013):

 

2016: Chicago Financial Institutions Conference

 

2015: Northern Finance Association 2015, 1st IWH-FIN-FIRE Workshop, ESCB/EFA Day-Ahead workshop, 8th Joint French Macro Workshop, VI IIBEO WORKSHOP Alghero, Financial Safety Net Conference 2015, ASSA/IBEFA Annual Meeting

 

2014: Conference on Behavorial Aspects in Macroeconomics and Finance in Milan, Barcelona GSE Summer Forum workshop on Information and Market Frictions, Eastern Finance Association Annual Meeting, 2nd EUI Alumni Conference in Economics, European Finance Association Annual Meeting, European Meeting of the Econometric Society, London FIT workshop at London Business School, IFABS Conference 2014, NBER Summer Institute workshop on International Finance & Macroeconomics, Royal Economic Society Annual Meeting

 

Discussions (since September 2013):

 

2015:

  • Discussion of “Banks and the Rational Credit Cycle” by Adrian Penalver at the ESCB/EFA Day-Ahead workshop in Vienna
  • Discussion of “Banks, Shadow Banking, and Fragility” by Stephan Luck and Paul Schempp at the Financial Safety Net Conference 2015 in Stockholm

 

2014:

  • Discussion of ”Optimal Bank Liquidity Regulation in the Face of Short-Term Wholesale Funding and Cross-Border Capital Flows” by Alexander Gruber at the Eastern Finance Association Annual Meeting

 

2013:

  • Discussion of ”Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects” by Fernando Broner, Aitor Erce, Alberto Martin and Jaume Ventura at the 1st EUI Alumni Conference in Economics

Professional service

Referee:

Journal of Economic Studies; Journal of International Money and Finance; Journal of Money, Credit and Banking; Economics Bulletin

 

Program committee member:

IFABS 2016 conference, Financial Safety Net Conference 2015, IFABS 2015 conference, Annual meeting of IBEFA at ASSA 2015

 

Teaching:

Lecturer for the 3rd year course "Industrial Economics 2: Dynamic Industrial Organization" (Econ 3013) – University College London in 2011/2012 and 2012/2013