Christoph Basten
Assistant Professor of Banking and Finance at University of Zurich
SFI Faculty Member at Swiss Finance Institute
Schools
- Swiss Finance Institute
- University of Zurich
Links
Biography
University of Zurich
Christoph Basten is Assistant Professor at the Department of Banking and Finance at University of Zurich. His research focuses on financial intermediation and household finance. His publications include papers on the effect of negative interest rates on banks in Switzerland, the choice of mortgage maturities by both households and banks, and the effects of bank capital requirements on mortgage lending. Prior to his Assistant Professorship he was the Economist of the Swiss Financial Market Supervisory Authority FINMA for close to 5 years, as well as employed by the ETH Konjunkturforschungsstelle KOF. He has been educated at Oxford, Pompeu Fabra, Harvard, and the European University Institute (EUI), where he obtained his PhD in 2011.
Research Interests
- His research focuses on the effects of regulation and monetary policy on banks, as well as households and firms.
MA theses supervised in the past include:
Lerch, P.(2018), Auswirkungen der Negativzinsen auf Versicherungen - Empirische Analyse anhand von Europäischen Versicherungsgesellschaften, supervised by C. Basten
Tangorra, K. (2018), The Impact of Systemic Importance on the Value of Banks: An Event Study Approach, supervised by R. Hegglin & C. Basten
Riera, A. (2018), The Reaction of European Banks to Supervisory Stress Tests, supervised by C. Basten
Berger, L. (2019), To What Extent do Swiss Banks Pass Rate Changes Through To Depositors?, supervised by C. Basten
Singh, A. (2020), Impact of Subway Stations on Rental Prices Evidence from Toronto, Canada, supervised by C. Basten
Baumann, N. (2020), What determines a household's inflation perceptions and expectations, supervised by J. Toczynski & C. Basten
Skobe, J. (2020), European Banks’ Profitability; its Challenges, Determinants and Remedies, supervised by V. Molnar & C. Basten
Choi, B. (2021), How Effective Can Sustainable Banking Be?, supervised by C. Basten
Freiermuth, L. (2021), Swiss banks' funding costs and their relationship with CHF Libor and SARON, supervised by V. Molnar & C. Basten.
Abduvakhidova, Z. (2021), Culture and Legal Origins as Determinants of Banking Regulation, supervised by V. Molnar & C. Basten.
Tramer, M. (2022), Pricing strategy and social benefits of gene therapies. Towards a revised value-based framework for HTA.
BA theses supervised in the past include:
Mazidi, M. (2018), Eine empirische Untersuchung der Anlageinstrumente und des Anlageverhaltens der Schweizer Privathaushalte, supervised by R. Hegglin & C. Basten
Fricker, M. (2018), Get Involved in Banking: Simulation einer Bankwirtschaft im Kredit- und Einlagenmarkt, supervised by R. Hegglin & C. Basten
Frei, S, (2018), The Tax Dispute between Switzerland and the United States: Consequences for Swiss Wealth Management Banks, supervised by C. Basten
Zaytseva, T. (2019), Cyber Risiko bei Schweizer Banken, supervised by C. Basten
Gübeli, M. (2019), How Do Bank Losses Affect Bank Stock Prices?, supervised by C. Basten
Thaler, L. (2019), Wie verändert der Online-Kanal die Schweizer Hypothekarvergabe?, supervised by C. Basten
Calonder, D. (2020), Wie werden in verschiedenen OECD-Staaten Liegenschaften bewertet und wie beeinflusst das die Hypothekarvergabe?, supervised by V. Molnar & C. Basten
Schoch, C. (2020), Vergabe von Online Hypotheken in England. Wie kommen die Preise auf dem Peer-to-Peer Markt zustande?, supervised by V. Molnar & C. Basten
de Nardo, D. (2020), Welche Reformen wären nötig, um die 2. Säule Altersvorsorge in der Schweiz nachhaltig zu reformieren und die Umverteilung zwischen Generationen zu vermeiden?, supervised by C. Basten
Pinter, K. (2020), A Comparison of the Japanese and German Real Estate and Mortgage Market, supervised by C. Basten
Seglias, K. (2021), How Does Loan Securitisation Affect Bank Capital Requirements in Different European Jurisdictions?, supervised by C. Basten
Redzepi, M. (2021), Die Reaktion von Konsumenten-Verhalten auf die Covid-19-Pandemie. Analyse von Kreditkarten-Transaktionen, supervised by V. Molnar & C. Basten
Ramaj, T. (2022), Performance, Risiken und Eigenheiten vin direkten vs. indirekten Immobilienanlagen in der Schweiz, supervised by R. Haase & C. Basten
Swiss Finance Institute
Christoph Basten is Assistant Professor of Banking at the University of Zurich. Prior to joining the University, Professor Basten worked for five years as a risk manager at the Swiss Financial Market Supervisory Authority (FINMA).
Expertise
Professor Basten is investigating the effects of banks' ability to cross-sell their depositors' mortgages and other products. Using annual administrative data on the deposits and loans of every Norwegian household with every Norwegian bank, he shows that having a deposit account makes a household up to 20 percentage points more likely to borrow subsequently from that same bank. Banks take these future profits into account and offer more attractive deposit conditions to households more likely to bring in follow-up business. Existing borrowers pay more rather than less for loans than new clients, suggesting that cross-selling to households is driven more by clients' preferences to stay than by banks preferring to lend to known clients in order to reduce information asymmetries. Finally, as offering lower deposit spreads now in return for more follow-up profits later is more attractive at lower discount rates, deposit spreads are found to be increasing in policy rates. This provides also a new micro foundation for the zero-lower bound on some deposit rates.
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