Leonid Silbermann

Leonid Silbermann is a Research Professor at the Research Centre of the Deutsche Bundesbank, affiliated with the Directorate General Financial Stability. His work bridges financial economics and applied econometrics, focusing on systemic liquidity risk, strategic banking behavior, and nonlinear price dynamics during financial crises.

• Key methodological contributions include modeling banks' optimal asset sale strategies during funding shocks and developing the Systemic Liquidity Buffer (SLB) and Systemic Liquidity Shortfall (SLS) metrics.
• His research highlights coordination failures in banking systems, where preemptive asset sales amplify market declines, contrasting with regulatory measures like the Liquidity Coverage Ratio (LCR).

The 2025 Journal of Banking Regulation article synthesizes his work on distress sales, strategic interactions, and price impact ratios across asset classes (government bonds, corporate bonds, covered bonds).