Heider, Florian

Research

Division

Financial Research

Current position

Principal Economist

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
  • 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
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
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)

ECB Research bulletin

ECB Occasional Paper Series

ECB Working Paper Series

Journal publications

2018
Florian Heider, Farzad Saidi, Glenn Schepens
Life below zero: Bank lending under negative policy rates
Review of Financial Studies, forthcoming
2016
Bruno Biais, Florian Heider, Marie Hoerova
Risk-sharing or risk-taking? Counterparty risk, incentives and margins
Journal of Finance
Carlos Garcia-de-Andoain, Florian Heider, Marie Hoerova, Simone Manganelli
Lending-of-last-resort is as lending-of-last-resort-does: Central bank liquidity provision and interbank market functioning in the euro area
Journal of Financial Intermediation
2015
Florian Heider, Alexander Ljungqvist
As certain as debt and taxes: Estimating the tax sensitivity of leverage from state tax changes
Journal of Financial Economics
Florian Heider, Marie Hoerova, Cornelia Holthausen
Liquidity hoarding and interbank market spreads: the role of counterparty risk
Journal of Financial Economics
2012
Bruno Biais, Florian Heider, Marie Hoerova
Clearing, counterparty risk and aggregate risk
IMF Economic Review
Roman Inderst, Florian Heider
Loan Prospecting
Review of Financial Studies
2011
Florian Heider, Nikolay Halov
Capital structure, risk and asymmetric information
Quarterly Journal of Finance
2010
Reint Gropp, Florian Heider
The determinants of bank capital structure
Review of Finance
2009
Axel Gautier, Florian Heider
The benefit and cost of winner-picking: redistribution vs. incentives
Journal of Institutional and Theoretical Economics
Florian Heider, Marie Hoerova
Interbank lending, credit risk premia and collateral
International Journal of Central Banking