Publications
RECENT PUBLICATIONS:
Eichler, S., Nauerth, J.A. (2024):
Bilateral investment treaties and sovereign default risk: Evidence for emerging markets. accepted for publication at the International Journal of Finance & Economics.
Eichler, S., Nauerth, J.A. (2024):
Bilateral investment treaties and portfolio investment. Journal of International Financial Markets, Institutions & Money 91, 101918.
Eichler, S., Pyun, J.H. (2022):
Ricardian Equivalence, Foreign Debt and Sovereign Default Risk. Journal of Economic Behavior and Organization, 197, 21-49.
Detmers, G.-A., Karagedikli, O. and Moessner, R. (2022):
Quantitative or Qualitative Forward Guidance: Does it Matter?. Econ Rec, 97: 491-503.
PUBLICATIONS IN REFEREED JOURNALS (BY TOPIC):
Exchange Rates and Currency Crises
de Boer, J., Bövers, K. J, Meyer, St. (2019):
Business cycle variations in exchange rate correlations: Revisiting global currency hedging. Finance Research Letters, 33, 101195.
Eichler, S., Rövekamp, I. (2018):
A market-based measure for currency risk in managed exchange rate regimes. Journal of International Financial Markets, Institutions and Money, 57, pp. 141-159.
Eichler, S., Littke, H. (2018):
Central Bank Transparency and the Volatility of Exchange Rates. Journal of International Money and Finance, 89, pp. 23-49.
Eichler, S. (2014):
Devaluation expectations based on cross-listed stocks: Evidence for financial crises in Argentina then and now, Applied Economics Letters 21(10), pp. 706-710.
Eichler, S. (2012):
Financial Crisis Risk, ECB "Non-Standard" Measures, and the External Value of the Euro, Quarterly Review of Economics and Finance 52(3), pp. 257-265.
Eichler, S. (2012):
The Impact of Banking and Sovereign Debt Crisis Risk in the Eurozone on the Euro/U.S. Dollar Exchange Rate, Applied Financial Economics, 22(15), pp. 1215-1232.
Eichler, S., Karmann, A. (2011):
Optimum Currency Areas in Emerging Market Regions: Evidence Based on the Symmetry of Economic Shocks, Open Economies Review, 22(5), pp. 935-954.
Eichler, S. (2011):
Exchange Rate Expectations and the Pricing of Chinese Cross-Listed Stocks, Journal of Banking & Finance, 35(2), pp. 443-455.
Eichler, S. (2011):
What Can Currency Crisis Models Tell Us About the Risk of Withdrawal from the EMU? Evidence from ADR Data, Journal of Common Market Studies, 49(4), pp. 719-740.
Eichler, S., Maltritz, D. (2011):
Currency Crises and the Stock Market: Empirical Evidence for Another Type of Twin Crisis, Applied Economics, 43(29), pp. 4561-4587.
Eichler, S., Maltritz, D. (2011):
Stock Market-Induced Currency Crises - A New Type of Twins, Review of Development Economics, 15(2), pp. 223-236.
Maltritz, D., Eichler, S. (2010):
Currency Crisis Prediction Using ADR Market Data: An Options-Based Approach, International Journal of Forecasting, 26(4), pp. 858-884.
Eichler, S., Karmann, A., Maltritz, D. (2009):
The ADR Shadow Exchange Rate as an Early Warning Indicator for Currency Crises, Journal of Banking and Finance, 33(11), pp. 1983-1995.
International Investment
Eichler, S., Nauerth, J.A. (2024):
Bilateral investment treaties and sovereign default risk: Evidence for emerging markets. accepted for publication at the International Journal of Finance & Economics.
Eichler, S., Nauerth, J.A. (2024):
Bilateral investment treaties and portfolio investment. Journal of International Financial Markets, Institutions & Money 91, 101918.
Eichler, S., Plaga, T. (2017):
The Political Determinants of Government Bond Holdings. Journal of International Money and Finance 73(A), 1-21.
Eichler, S., Littke, H., Tonzer, L. (2017):
Central Bank Transparency and Cross-Border Banking. Journal of International Money and Finance 74, 1-30.
Eichler, S., Lucke, N. (2016):
Foreign Direct Investment: The Role of Institutional and Cultural Determinants. Applied Economics 48(11), pp. 935-956.
Lucke, N., Eichler, S., Karmann, A. (2013):
The impact of institutional and social characteristics on foreign direct investment: Evidence from Japan. Annals of Financial Economics 8(2), pp. 1-55.
Eichler, S. (2012):
Equity Home Bias and Corporate Disclosure, Journal of International Money and Finance, 31(5), pp. 1008-1032.
Eichler, S. (2012):
Limited Investor Attention and the Mispricing of American Depositary Receipts, Economics Letters, 115(3), pp. 490-492.
Eichler, S., Herrera, R. (2011):
Extreme dependence with asymmetric thresholds: Evidence for the European Monetary Union, Journal of Banking & Finance, 35(11), pp. 2916-2930.
Sovereign Default Risk
Eichler, S., Pyun, J.H. (2022): Ricardian Equivalence, Foreign Debt and Sovereign Default
Risk. Journal of Economic Behavior and Organization, 197, 21-49.
Boehm, H., Eichler, S., Giessler, S. (2020): What drives the Commodity-Sovereign-Risk-Dependence in Emerging Market Economies? Journal of International Money and Finance,
111, 102308.
Boehm. H., Eichler, S., 2020: Avoiding the Fall into the Loop: Isolating the Transmission of Bank-to-Sovereign Distress in the Euro Area. JJournal of Financial Stability, 51, 100763.
Eichler, S., Plaga, T. (2020):
The Economic Record of the Government and Sovereign Bond and Stock Returns around National Elections, Journal of Banking and Finance, 118, 105832.
Eichler, S. (2017):
How Do Political Factors Shape the Bank Risk-Sovereign Risk Nexus in Emerging Markets? Review of Development Economics 21(3), 451-474.
Eichler, S. (2014):
The Political Determinants of Sovereign Bond Yield Spreads, Journal of International Money and Finance 46, pp. 82-103.
Eichler, S., Hofmann, M. (2013):
Sovereign Default Risk and Decentralization: Evidence for Emerging Markets, European Journal of Political Economy 32(4), pp. 113-134.
Eichler, S., Maltritz, D. (2013):
The term structure of sovereign default risk in EMU member countries and its determinants, Journal of Banking and Finance 37(6), pp. 1810-1816.
Maltritz, D., Buehn, A., Eichler, S. (2012):
Modelling Sovereign Risk as Latent Variable: A Structural Equations Model Approach, Applied Economics, 44(36), pp. 4679-4688.
Monetary Policy
Detmers, G.-A., Karagedikli, O. and Moessner, R. (2022):
Quantitative or Qualitative Forward Guidance: Does it Matter?. Econ Rec, 97: 491-503.
Detmers, G.-A., Ho, S.-J. and Karagedikli, Ö. (2021):
Understanding Consumer Inflation Expectations during the COVID-19 Pandemic. The Australian Economic Review, 55: 141-154.
Rövekamp, I. (2021): The impact of US monetary policy on managed exchange rates and currency peg regimes. Journal of International Money and Finance, 110, 102266.
Rövekamp, I. (2019):
US monetary policy and the pricing of American Depositary Receipts. Finance Research Letters 29, 418-424.
Eichler, S., Lähner, T., Noth, F. (2018):
Regional Banking Instability and FOMC Voting. Journal of Banking and Finance 87, 282-292.
Eichler, S., Lähner, T. (2018):
Regional, individual and political determinants of FOMC members’ key macroeconomic forecasts. Journal of Forecasting 37, pp. 119-132
Eichler, S., Lähner, T. (2017):
Career experience, political effects, and voting behavior in the Riksbank's Monetary Policy Committee. Economic Letters 155, pp. 55-58.
Eichler, S., Lähner, T. (2016):
Do Federal Reserve Bank Presidents’ interest rate votes in the FOMC follow an electoral cycle? Applied Economics Letters 23(9), pp. 1-5.
Eichler, S., Lähner, T. (2014):
Forecast dispersion, dissenting votes, and monetary policy preferences of FOMC members: the role of individual career characteristics and political aspects, Public Choice 160 (3-4), 429-453.
Eichler, S., Lähner, T. (2014):
Regional House Price Dynamics and Dissenting Votes in the FOMC, Economic Inquiry 52(2), pp. 625-645.
Eichler, S., Hielscher, K. (2012):
Does the ECB act as a lender of last resort during the subprime lending crisis?: Evidence from monetary policy reaction models, Journal of International Money and Finance, 31(3), pp. 552-568.
Bank Fragility
Eichler, S., Sobanski, K. (2016):
National Politics and Bank Default Risk in the Eurozone. Journal of Financial Stability 26, 247-256.
Eichler, S., Sobanski, K. (2012):
What Drives Banking Sector Fragility in the Eurozone? Evidence from Stock Market Data, Journal of Common Market Studies, 50(4), pp. 539-560.
Eichler, S., Karmann, A., Maltritz, D. (2011):
The Term Structure of Banking Crisis Risk in the United States: A Market Data Based Compound Option Approach, Journal of Banking & Finance, 35(4), pp. 876-885.
Finance (misc)
Eichler, S., Maltritz, D. (2013):
An Options-Based Approach to Forecasting Competing Takeover Bids: The Canadian Experience, Applied Economics 45(34), pp. 4805-4819.
Eichler, S., Maltritz, D. (2010):
On the Look-out for a White Knight: Options-based Calculation of Probability and Expected Value of Increased Bids in Hostile Takeover Battles, Applied Economics Letters, 17, pp. 1033-1036.
Illegal Migration and Trade
Buehn, A., Eichler, S. (2013):
Determinants of Illegal Mexican Immigration into the U.S. Southern Border States, Eastern Economic Journal 39(4), pp. 464-492.
Buehn, A., Eichler, S. (2012):
Smuggling illegal goods across the U.S.-Mexico border: A political-economy perspective, Applied Economics Letters, 19(12), pp. 1183-1187.
Buehn, A., Eichler, S. (2011):
Trade Misinvoicing: The Dark Side of World Trade, The World Economy, 34(8), pp. 1263-1287.
Buehn, A., Eichler, S. (2009):
Smuggling Illegal versus Legal Goods Across the U.S.-Mexico Border: A Structural Equations Model Approach, Southern Economic Journal, 76(2), pp. 328-350.
MONOGRAPH:
Eichler, S. (2012):
“Exchange Rate Expectations, Currency Crises, and the Pricing of American Depositary
Receipts”, Dissertation, TU Dresden.
PUBLICATIONS IN EDITED VOLUMES:
Karmann, A., Eichler, S. (2008): To Whom to Peg? Evaluating the Optimum Currency Area for the Ruble, in: Fürstenau, B., Uhr, W. (Ed.), Der Einfluss der Globalisierung auf die wirtschaftliche und kulturelle Entwicklung - betrachtet aus russischer und deutscher Perspektive, Technische Universität Dresden, pp. 25-32.
Schneider, L., Eichler, S. (2007): Bevölkerungsalterung und Gründungstätigkeit in Ostdeutschland, in: Steinrücken, T., Jaenichen, S. (Ed.), Wirtschaftspolitik und wirtschaftliche Entwicklung. Analysen unter besonderer Berücksichtigung ostdeutscher Regionen, Ilmenau, pp. 9-35.
OTHER PUBLICATIONS:
Ragnitz, J., Eichler, S., Grundig, B., Lehmann, H., Pohl, C., Schneider, L., Seitz, H., Thum, M. (2007):
Die demographische Entwicklung in Ostdeutschland, ifo Dresden Studien, No. 41, ifo Institut für Wirtschaftsforschung, München, pp. 79-97.
Schneider, L., Eichler, S. (2007):
Alterung in Ostdeutschland: Gründerpotential sinkt bis 2020 merklich, Wirtschaft im Wandel 4/2007, pp. 102-109.
Eichler, S., Karmann, A., Maltritz, D. (2010):
Deriving the Term Structure of Banking Crisis Risk with a Compound Option Approach: The Case of Kazakhstan, Banking and Financial Studies, No. 01/2010, Deutsche Bundesbank.