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Florian Heider

Research

Division

Financial Research

Current Position

Head of Section

Fields of interest

Financial Economics,Macroeconomics and Monetary Economics

Email

florian.heider@ecb.europa.eu

Other current responsibilities
2015-

CEPR Research Fellow, Financial Economics Programme

2013-

Associate Editor, Journal of Financial Economics

Education
1995-2001

Ph.D., Economics, Universite catholique de Louvain

1994-1995

MA, Economics, Universite catholique de Louvain

1991-1994

Oxford University - B.A., 1994, Politics, Philosophy and Economics

Professional experience
2019-2020

Adviser, Financial Research Division, European Central Bank

2014-2019

Principal Economist, Financial Research Division, European Central Bank

2013-2014

Principal Economist, Monetary Policy Strategy Division, European Central Bank

2012-2013

Senior Economist, Financial Research Division, European Central Bank

2011-2012

Senior Economist, Market Operations Analysis Division, European Central Bank

2007-2011

Senior Economist, Financial Research Division, European Central Bank

2004-2007

Economist, Financial Research Division, European Central Bank

2001-2004

Visiting Assistant Professor, Finance Department, New York University Stern Business School

2000-2001

Research Fellow, Financial Markets Group, London School of Economics

Awards
2017

Europlace Institute of Finance best paper award (for "Risk-sharing or risk-taking: Counterparty risk, incentives, and margins")

2016

Journal of Financial Intermediation best paper award (for "Lending-of-last-resort-is as lending-of-last-resort does")

2011

China International conference Xia Yihong best paper prize (for "Capital Structure and Volatility of Risk")

2010

Bocconi University conference on "Business Models in Banking" best paper prize" (for "Liquidity Hoarding and Interbank Market Spreads")

2009

Marjolin prize of SUERF (for paper "Liquidity Hoarding and Interbank Market Spreads")

1995

Fellowship, Belgian National Fund for Scientific Research (until 2001)

1992

Domus Scholarship, St. Peter’s College, Oxford (until 1994)

1989

Scholarship, German National Merit Foundation (until 1991)

Teaching experience
2017

Corporate Finance Theory (Ph.D.), Frankfurt School of Finance

2012

Corporate Finance (MBA), European Business School

2004

Corporate Finance (MBA), NYU Stern Business School

2002-2004

Financial Management (undergraduate), NYU Stern Business School

12 May 2021
30 October 2018
1 August 2018
6 December 2017
7 November 2017
29 June 2016
19 February 2016
1 October 2012
30 May 2012
10 January 2012
11 December 2009
11 November 2009
30 September 2009
24 September 2007
21 March 2007
2020
Review of Economic Studies
Variation margins, fires sales, and information-constrained optimality
  • Bruno Biais
  • Florian Heider
  • Marie Hoerova
2019
Review of Financial Studies
Life below zero: Bank lending under negative policy rates
  • Florian Heider
  • Farzad Saidi
  • Glenn Schepens
2016
Journal of Financial Intermediation
Lending-of-last-resort is as lending-of-last-resort-does: Central bank liquidity provision and interbank market functioning in the euro area
  • Carlos Garcia-de-Andoain
  • Florian Heider
  • Marie Hoerova
  • Simone Manganelli
2016
Journal of Finance
Risk-sharing or risk-taking? Counterparty risk, incentives and margins
  • Bruno Biais
  • Florian Heider
  • Marie Hoerova
2015
Journal of Financial Economics
Liquidity hoarding and interbank market spreads: the role of counterparty risk
  • Florian Heider
  • Marie Hoerova
  • Cornelia Holthausen
2015
Journal of Financial Economics
As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes
  • Florian Heider
  • Alexander Ljungqvist
2012
Review of Financial Studies
Loan Prospecting
  • Roman Inderst
  • Florian Heider
2012
IMF Economic Review
Clearing, counterparty risk and aggregate risk
  • Bruno Biais
  • Florian Heider
  • Marie Hoerova
2011
Quarterly Journal of Finance
Capital structure, risk and asymmetric information
  • Florian Heider
  • Nikolay Halov
2010
Review of Finance
The determinants of bank capital structure
  • Reint Gropp
  • Florian Heider
2009
International Journal of Central Banking
Interbank lending, credit risk premia and collateral
  • Florian Heider
  • Marie Hoerova
2009
Journal of Institutional and Theoretical Economics
The benefit and cost of winner-picking: redistribution vs. incentives
  • Axel Gautier
  • Florian Heider