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Humboldt-Universität zu Berlin - Finance Group

 

Max Bruche

As of Oct 1, 2018, Max Bruche will be joining the Finance Group as Professor in Finance.

Research Interests

 
  • Debt Finance
  • Debt Markets
  • Corporate Finance
  • Financial Intermediation

Current Position

   

Cass Business School, City, University

of London

Associate Professor

(Reader)

since 09/2014
     

Previous Positions

   
Cass Business School, City, University of London Senior Lecturer in Finance 01/2012-08/2014
CEMFI, Madrid Assistant Professor of Economics 09/2005 - 12/2011
     

Visiting Positions

   
Federal Reserve Bank of New York Visiting Scholar  short visits in 2010, 2011, 2012, 2016
Lehman Brothers, Quantitative Credit Strategies, Fixed Income, London Part-time PhD Intern 12/2001- 11/2003
European Central Bank, Prudential   Supervision Division Research Visitor 07/2001-09/2001

Education

 

Ph D in Finance (LSE), Advisor: Hyun Shin

09/2000-08/2005
M Phil in Economics (Oxford) 09/1998-07/2000

BA in Politics, Philosophy,

Economics (Oxford)

10/1994-07/1997

Work in Progress

“Dealer leverage and market liquidity,” with John Kuong.

Working Papers

"Pipeline Risk in Leveraged Loan Syndication,” with Frederic Malherbe and Ralf Meisenzahl. CEPR Discussion Paper Nr. 11956

Publications

"Debt Maturity and the Liquidity of Secondary Debt Markets," with Anatoli Segura Journal of Financial Economics, June 2017, 124(3), 599-613.
"Preventing Zombie Lending," with Gerard Llobet. Review of Financial Studies, March 2014, 27(3), 923-956.
"Creditor Coordination, Liquidation Timing, and Debt Valuation.” Journal of Financial and Quantitative Analysis, October 2011, 46(5), 1407-1436.
"A Structural Model of Debt Pricing with Creditor-Determined Liquidation," with Hassan Naqvi. Journal of Economic Dynamics and Control, May 2010, 34(5), 951-967.
"Recovery Rates, Default Probabilities, and the Credit Cycle," with Carlos González-Aguado. Journal of Banking and Finance, April 2010, 34(4), 713-723.
"Deposit Insurance and Money Market Freezes," with Javier Suárez. Journal of Monetary Economics, January 2010, 57(1), 45-61.