Kok, Christoffer

Macro Prud Policy&Financial Stability

Division

Stress Test Modelling

Current position

Head of Division

Fields of interest

Macroeconomics and Monetary Economics,
Mathematical and Quantitative Methods,
Financial Economics

Email

christoffer.kok@ecb.europa.eu

Education
  • 1999
    MSc (econ) Aarhus University, MSc (finance) Copenhagen Business School
Professional experience
  • 1997-
    EPRU (Copenhagen University) 1997-99, Danmarks Nationalbank 1999-2002, ECB 2002-

ECB Working Paper Series

2019
Hüser, Anne-Caroline, Kok, Christoffer
Mapping bank securities across euro area sectors: comparing funding and exposure networks
No 2273
Darracq Pariès, Matthieu, Kok, Christoffer, Rancoita, Elena
Macroprudential policy in a monetary union with cross-border banking
No 2260
Covi, Giovanni, Gorpe, Mehmet Ziya, Kok, Christoffer
CoMap: mapping contagion in the euro area banking sector
No 2224
Kockerols, Thore, Kok, Christoffer
Leaning against the wind: macroprudential policy and the financial cycle
No 2223
2017
Georgescu, Oana-Maria, Gross, Marco, Kapp, Daniel, Kok, Christoffer
Do stress tests matter? Evidence from the 2014 and 2016 stress tests
No 2054
Kok, Christoffer, Pancaro, Cosimo, Mirza, Harun
Macro stress testing euro area banks' fees and commissions
No 2029
Kok, Christoffer, Pancaro, Cosimo, Berdin, Elia
A stochastic forward-looking model to assess the profitability and solvency of European insurers
No 2028
Kok, Christoffer, Hałaj, Grzegorz, Hüser, Anne-Caroline, Perales, Cristian, van der Kraaij, Anton
The systemic implications of bail-in: a multi-layered network approach
No 2010
2016
Kok, Christoffer, Montagna, Mattia
Multi-layered interbank model for assessing systemic risk
No 1944
Ari, Anil, Darracq Pariès, Matthieu, Kok, Christoffer, Żochowski, Dawid
When shadows grow longer: shadow banking with endogenous entry
No 1943
Kok, Christoffer, Darracq Pariès, Matthieu, Hałaj, Grzegorz
Bank capital structure and the credit channel of central bank asset purchases
No 1916
Kok, Christoffer, Gross, Marco, Żochowski, Dawid
The impact of bank capital on economic activity - evidence from a mixed-cross-section GVAR model
No 1888
2014
Kok, Christoffer, Hałaj, Grzegorz
Modeling emergence of the interbank networks
No 1646
2013
Kok, Christoffer, Schepens, Glenn
Bank reactions after capital shortfalls
No 1611
Kok, Christoffer, Gross, Marco
Measuring contagion potential among sovereigns and banks using a mixed-cross-section GVAR
No 1570
Kok, Christoffer, Hałaj, Grzegorz
Assessing interbank contagion using simulated networks
No 1506
2010
Kok, Christoffer, Hempell, Hannah S.
The impact of supply constraints on bank lending in the euro area - crisis induced crunching?
No 1262
Kok, Christoffer, Rodriguez-Palenzuela, Diego, Darracq Pariès, Matthieu
Macroeconomic propagation under different regulatory regimes: Evidence from an estimated DSGE model for the euro area
No 1251
Cappiello, Lorenzo, Kadareja, Arjan, Kok, Christoffer, Protopapa, Marco
Do bank loans and credit standards have an effect on output? A panel approach for the euro area
No 1150
2009
Kok, Christoffer, Rossi, Carlotta, Marqués-Ibáñez, David
Modelling loans to non-financial corporations in the euro area
No 989
2008
van Leuvensteijn, Michiel, Kok, Christoffer, Bikker, Jacob A., Van Rixtel, Adrian
Impact of bank competition on the interest rate pass-through in the euro area
No 885
2007
Van Rixtel, Adrian, Kok, Christoffer, van Leuvensteijn, Michiel, Bikker, Jacob A.
A new approach to measuring competition in the loan markets of the euro area
No 768
Kok, Christoffer, Lichtenberger, Jung-Duk
Mortgage interest rate dispersion in the euro area
No 733
Gropp, Reint, Kok, Christoffer, Lichtenberger, Jung-Duk
The dynamics of bank spreads and financial structure
No 714
2006
Kok, Christoffer, Puigvert Gutiérrez, Josep Maria
Euro area banking sector integration: using hierarchical cluster analysis techniques
No 627
Kok, Christoffer, Werner, Thomas
Bank interest rate pass-through in the euro area: a cross country comparison
No 580

ECB Occasional Paper Series

2018
ECB Task Force on Systemic Liquidity

Bonner, Clemens, Wedow, Michael, Budnik, Katarzyna, Koban, Anne, Kok, Christoffer, Laliotis, Dimitrios, Meller, Barbara, Melo, Ana Sofia, Moldovan, Iulia, Schmitz, Stefan, Couaillier, Cyril, Duijm, Patty, Faykiss, Peter, Gajewski, Krzysztof, Izquierdo Rios, Laura, Lamas, Matías, Lialiouti, Georgia, Loehe, Sebastian, Matos, Joana, Morão, Alexandra, Pereira, Ana, Pessarossi, Pierre, Marques, Aurea Ponte, Roling, Christoph, Rutkauskas, Virgilijus, Silbermann, Leonid, Szakacs, Janos, Tissari, Päivi, Ubl, Eva, Di Virgilio, Domenica, Vlachogiannakis, Nikolaos, Holtorf, Claudia

Systemic liquidity concept, measurement and macroprudential instruments
No 214
2014
Kok, Christoffer, Amzallag, Adrien, Kapp, Daniel
The impact of regulating occupational pensions in Europe on investment and financial stability
No 154
2013
Henry, Jérôme, Zimmermann, Maik, Leber, Miha, Kolb, Markus, Grodzicki, Maciej, Amzallag, Adrien, Vouldis, Angelos, Hałaj, Grzegorz, Pancaro, Cosimo, Gross, Marco, Baudino, Patrizia, Sydow, Matthias, Kok, Christoffer, Cabral, Inês, Żochowski, Dawid
A macro stress testing framework for assessing systemic risks in the banking sector
No 152
2009
Task Force of the Monetary Policy Committee of the ESCB

Köhler-Ulbrich, Petra, Asimakopoulos, Yannis, Doyle, Nicola, Magono, Ruth, Zachary, Marie-Denise, Walko, Zoltan, Stoess, Elmar, Kok, Christoffer, Wagner, Karin, Valckx, Nico, Martínez Pagés, Jorge, Drudi, Francesco, Lukovic, Vesna, Protopapa, Marco, Lalouette, Laure, Georgakopoulos, Vasilis, Gabrielli, Daniel, Bartiloro, Laura, Doheny, Gavin, Mistrulli, Paolo, Kasselaki, Maria, Gómez-Salvador, Ramón, Wolswijk, Guido, Ribeiro, Nuno, Hasko, Harri, Hebbink, Gerbert, Zammit, Wendy, Weber, Romain, Argyridou, Christiana, Magri, Silvia, Slacalek, Jiri

Housing finance in the euro area
No 101

ECB Macroprudential Bulletin Articles

2018
Covi, Giovanni, Kok, Christoffer, Meller, Barbara
Using large exposure data to gauge the systemic importance of SSM significant institutions
No 5

ECB Financial Stability Review Article

2019
Darracq Pariès, Matthieu, Fahr, Stephan, Kok, Christoffer
Macroprudential space and current policy trade-offs in the euro area
2018
Andersson, Magnus, Kok, Christoffer, Mirza, Harun, Móré, Csaba, Mosthaf, Jonas
How can euro area banks reach sustainable profitability in the future?
2016
Kok, Christoffer, Móré, Csaba, Petrescu, Monica
Recent Trends in Euro Area Banks' Business Models and Implications for Banking Sector Stability
Halaj, Grzegorz, Hüser, Anne-Caroline, Kok, Christoffer, Perales, Cristian, van der Kraaij, Anton
Systemic Implications of the European Bail-In Tool: a Multi-Layered Network Analysis
Kok, Christoffer, Mirza, Harun, Móré, Csaba, Pancaro, Cosimo
Adapting Bank Business Models: Financial Stability Implications of Greater Reliance on Fee and Commission Income
2015
Kok, Christoffer, Móré, Csaba, Pancaro, Cosimo
Bank Profitability Challenges in Euro Area Banks: the Role of Cyclical and Structural Factors
Berdin, Elia, Kok, Christoffer, Mikkonen, Katri, Pancaro, Cosimo, Simon, Josep Maria Vendrell
Euro area insurers and the low interest rate environment
Darracq Pariès, Matthieu, Rancoita, Elena, Kok, Christoffer
Quantifying the Policy Mix in a Monetary Union with National Macroprudential Policies
2014
Kok, Christoffer, Martin, Reiner, Moccero, Diego, Sandström, Maria
Recent Experience of European Countries with Macro-Prudential Policy
2013
Carboni, Giacomo, Darracq Pariès, Matthieu, Kok, Christoffer
Exploring the Nexus between Macro-Prudential Policies and Monetary Policy Measures
Hałaj, Grzegorz, Kok, Christoffer, Montagna, Mattia
Gauging the Effectiveness of Cross-Sectional Macro-Prudential Tools through the Lens of Interbank Networks

Journal publications

2019
Kok, C., Mirza, H. and Pancaro, C.
Macro Stress Testing Euro Area Banks’ Fees and Commissions
Journal of International Financial Markets, Institutions & Money
2017
Halaj, G., Hüser, A.-C., Kok, C., Perales, C. and van der Kraaij, A.
The systemic implications of bail-in: A multi-layered network approach
Journal of Financial Stability
2015
Halaj, G., Kochanska, U. and Kok, C.
Emergence of the EU corporate lending network
Journal of Network Theory in Finance
Grzegorz Halaj, C. Kok
Emergence of interbank networks
Quantitative Finance, Vol. 15, pp 653-671
2014
Gropp, R., Kok, C. and Lichtenberger, J.
The Dynamics of Bank Spreads and Financial Structure
Quarterly Journal of Finance, Vol. 4 (4)
2013
Van Leuvensteijn, M., Kok, C., Bikker, J.A. and Van Rixtel, A.R.J.M. (forthcoming)
Impact of Bank Competition on the Interest Rate Pass-through in the Euro Area
Applied Economics Vol. 45 (11), pp. 1359-1380
Grzegorz Halaj, C. Kok
Interbank contation using simulated networks
Computational Management Science, Vol. 10(2), pp. 157-186
2011
Van Leuvensteijn, M., Bikker, J.A., Van Rixtel, A.R.J.M. and Kok, C. (2011)
A New Approach to Measuring Competition in the Loan Markets of the Euro Area
Applied Economics Vol. 43 (23), pp. 3155-3167
Darracq Pariès, M., Kok, C. and Rodriguez Palenzuela, D. (2011)
Macroeconomic Propagation under Different Regulatory Regimes: Evidence from an Estimated DSGE for the Euro Area
International Journal of Central Banking, Dec. 2011)

Other publications

2017
Gropp, R. and Kok, C.
Competition and contestability in bank retail markets
Handbook on Competition in Banking and Finance by J. Bikker and L. Spiedijk (eds.), October 2017, Edward Elgar Publishing Ltd.
2015
Halaj, G. and Kok, C.
Contagion in interbank networks
Computational Network Theory-Theoretical Foundations and Applications-Quantitative and Network, by M. Dehmer, F. Emmert-Streib and S. Pickl (eds.), 2015, Wiley-VCH Verlag GmbH & Co.
2006
Kok, C. and Maddaloni, A.
How are euro area financial structures changing?
Elements of the Euro Area: Integrating financial markets by J. Berg, M. Grande and F. Mongelli (eds.), 2005, Ashgate Publishers
2018
Hordijk, L. and Kancs, D., editor(s), Kok, C., Ongena, S., Pelizzon, L., Cariboni, J., Heynderickx, W., Maccaferri, S., Pagano, A. and Petracco Giudici, M.
Review of the Symbol Model
JRC Technical Report