Prof. Noth

Prof. Dr. Felix Noth

Fakultät für Wirtschaftswissenschaft (FWW)
Professur Banking and Financial Systems
Universitätsplatz 2, 39106 Magdeburg, G23-106
Projekte

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.

Projekt im Forschungsportal ansehen

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.

Projekt im Forschungsportal ansehen

Publikationen

2024

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

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

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.

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

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

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]

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]

Nicht begutachteter Zeitschriftenartikel

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

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))

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))

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

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

Badly hurt? - natural disasters and direct firm effects

Noth, Felix; Rehbein, Oliver

In: Finance research letters - New York : Elsevier Science . - 2018

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

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]

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]

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

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

DID TARP DISTORT COMPETITION AMONG SOUND UNSUPPORTED BANKS?

Koetter, Michael; Noth, Felix

In: Economic Inquiry Vol. 54, 2016, Issue 2, S. 994–1020, ISSN 00952583, 10.1111/ecin.12281

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

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

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

2012

Begutachteter Zeitschriftenartikel

IT use, productivity, and market power in banking

Koetter, M.; Noth, F.

In: Journal of Financial Stability, Vol. 9, 2013, Issue 4, S. 695–704, ISSN 15723089, 10.1016/j.jfs.2012.06.001

Kooperationen
  • Keine Daten im Forschungsportal hinterlegt.
Profil
  • Bankenmärkte und realwirtschaftliches Wachstum
  • Bankenregulierung und Risikoanreize für Banken
  • Naturkatastrophen und Auswirkungen auf Banken
Service
Beratung und Gutachten zu:
  • Bankenmärkte und realwirtschaftliches Wachstum
  • Bankenregulierung und Risikoanreize für Banken
  • Naturkatastrophen und Auswirkungen auf Banken
Vita
2011  Doctoral Degree in Finance (Thesis: Financial Intermediation and its Consequences for the Real Economy), Goethe University Frankfurt
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
Presse
Seit dem 1. März 2014 ist Felix Noth Koordinator der Forschungsgruppe Innovationen im finanz- und realwirtschaftlichen Sektor am Institut für Wirtschaftsforschung Halle (IWH) und Junior-Professor für Banken und Finanzsysteme an der Otto-von-Guericke-Universität Magdeburg (OvGU). Zwischen 2003 und 2007 studierte Felix Noth Volkswirtschaftslehre an der Ludwig-Maximilians-Universität München bevor er im September 2007 für seine Doktorarbeit zum Thema Financial Intermediation and Its Consequences for the Real Economy an die Goethe-Universität Frankfurt wechselte. Nach erfolgreichem Abschluss der Doktorarbeit im Juni 2011 war Felix Noth bis Februar 2014 wissenschaftlicher Assistent an der Goethe-Universität in Frankfurt.

Letzte Änderung: 08.06.2023 - Ansprechpartner: Felix Noth