Dirk Schoenmaker

Rotterdam School of Management, Erasmus University

Professor of Banking and Finance

P.O. Box 1738

Room T08-21

3000 DR Rotterdam

Netherlands

http://www.rsm.nl/people/dirk-schoenmaker/

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738

3000 DR Rotterdam

Netherlands

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

SCHOLARLY PAPERS

85

DOWNLOADS
Rank 926

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Top 926

in Total Papers Downloads

51,078

TOTAL CITATIONS
Rank 3,664

SSRN RANKINGS

Top 3,664

in Total Papers Citations

362

Ideas:
“  Our open access textbook "Corporate Finance for Long-Term Value" (Springer) where we incorporate social and environmental factors alongside financial factors in corporate finance methods (NPV, DCF, discount rate, capital structure, M&A, real options) was published in September. You can download it at Springer.  ”

Scholarly Papers (85)

1.

Principles of Sustainable Finance

Principles of Sustainable Finance, Oxford University Press, 2019
Number of pages: 35 Posted: 11 Dec 2018 Last Revised: 28 Jan 2019
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 7,863 (1,718)
Citation 1

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sustainable development, environmental, social and governance (ESG) risks, sustainable finance, corporate governance, short-termism, long-term investment, catastrophe risk models

2.

From Risk to Opportunity: A Framework for Sustainable Finance

RSM Series on Positive Change, Volume 2 (2017)
Number of pages: 74 Posted: 09 Nov 2017
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 3,652 (6,297)
Citation 1

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sustainable development, environmental, social and governance risks, sustainable finance. short-termism

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Number of pages: 21 Posted: 25 Oct 2021 Last Revised: 26 Oct 2021
Imperial College London, Imperial College London - Accounting, Finance, and Macroeconomics, University of Chicago - Booth School of Business, University of Navarra, IESE Business School, Stanford University and Rotterdam School of Management, Erasmus University
Downloads 1,804 (18,970)
Citation 16

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Climate change, Nonfinancial information, ESG reporting, sustainability, Reporting mandates, Carbon emissions

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Management and Business Review, Vol. 1, No. 3, Fall 2021
Number of pages: 8 Posted: 21 Mar 2022
Imperial College London, Stanford University, Imperial College London - Accounting, Finance, and Macroeconomics, University of Chicago - Booth School of Business, University of Navarra, IESE Business School and Rotterdam School of Management, Erasmus University
Downloads 771 (64,793)
Citation 3

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net zero, carbon economy, carbon emissions, GHG

4.

The Financial Trilemma

Economics Letters, Vol. 111, 2011, p. 57-59; Duisenberg School of Finance - Tinbergen Institute Discussion Papers No. TI 11-019 / DSF 7
Number of pages: 9 Posted: 11 Feb 2009 Last Revised: 20 Feb 2013
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 2,174 (14,371)
Citation 23

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Financial Stability, Public Good

5.
Downloads 1,496 (25,731)
Citation 8

A Framework for Sustainable Finance

Number of pages: 26 Posted: 21 Feb 2018 Last Revised: 17 May 2019
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 1,473 (25,855)
Citation 8

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sustainable development, environmental, social and governance (ESG) risks, sustainable finance, corporate governance, short-termism

A Framework for Sustainable Finance

CEPR Discussion Paper No. DP12603
Number of pages: 31 Posted: 22 Jan 2018
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 23 (1,025,970)
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corporate governance, Environmental, Short-termism, Social and Governance (ESG) Risks, Sustainable Development, Sustainable Finance

6.
Downloads 1,310 (31,312)
Citation 21

A Finance Approach to Climate Stress Testing

Forthcoming in Journal of International Money and Finance
Number of pages: 47 Posted: 06 May 2020 Last Revised: 13 Jan 2023
Henk Jan Reinders, Dirk Schoenmaker and Mathijs A. van Dijk
Rotterdam School of Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 1,305 (30,943)
Citation 10

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Climate stress test, contingent claims analysis, climate policies, carbon tax, banks

A Finance Approach to Climate Stress Testing

CEPR Discussion Paper No. DP14609
Number of pages: 54 Posted: 08 May 2020
Henk Jan Reinders, Dirk Schoenmaker and Mathijs A. van Dijk
Rotterdam School of Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 5 (1,235,706)
Citation 11
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banks, carbon tax, Climate policies, Climate stress test, contingent claims analysis

7.

Bank Resolution Plans as a Catalyst for Global Financial Reform

Journal of Financial Stability, Vol. 9, pp. 210-218, 2013, Duisenberg School of Finance Policy Paper No. 4
Number of pages: 21 Posted: 10 Jan 2010 Last Revised: 08 May 2013
Emilios Avgouleas, Charles Goodhart and Dirk Schoenmaker
University of Edinburgh - School of Law, London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 1,251 (33,462)
Citation 30

Abstract:

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banks, too-big-to-fail, burden sharing, bank insolvency procedures

8.

The UK Financial Sector and EU Integration after Brexit: The Issue of Passporting

Chapter 5 in 'The Economics of UK-EU Relations: From the Treaty of Rome to the Brexit Vote', edited by N. Campos and F. Coricelli, Palgrave McMillan, London, 2017, p. 119-138.
Number of pages: 14 Posted: 04 Oct 2016 Last Revised: 11 Dec 2017
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 1,225 (34,488)
Citation 1

Abstract:

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Banking, Insurance, Investment banking, Financial regulation, European Union

9.

The State of the Banking Sector in Europe

OECD Economics Department Working Papers No. 1102
Number of pages: 36 Posted: 05 Feb 2014
Dirk Schoenmaker and T. Peek
Rotterdam School of Management, Erasmus University and Duisenberg School of Finance
Downloads 1,142 (38,090)
Citation 1

Abstract:

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banks; capital; deleveraging; credit supply; cross-border banking; geographical segmentation

10.

Banking Supervision and Resolution: The European Dimension

Law and Financial Markets Review, Vol. 6, 2012, p. 52-60, Duisenberg School of Finance Policy Paper No. 19
Number of pages: 15 Posted: 10 Jan 2012 Last Revised: 20 Feb 2013
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 1,100 (40,290)
Citation 5

Abstract:

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Financial Stability, Economic Integration, International Policy Coordination

11.

Burden Sharing in a Banking Crisis in Europe

Sveriges Riksbank Economic Review, No. 2, pp. 34-57, 2006
Number of pages: 21 Posted: 07 Mar 2006 Last Revised: 19 Jan 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 1,073 (41,720)
Citation 2

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Banks, Financial Stability, Public Finance, Recapitalisation, Lender of Last Resort

12.

Fiscal Burden Sharing in Cross-Border Banking Crises

International Journal of Central Banking, Vol. 5, No. 1, pp. 141-165, 2009, EFA 2008 Athens Meetings Paper
Number of pages: 19 Posted: 05 Mar 2008 Last Revised: 19 Jan 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 1,047 (43,233)
Citation 12

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Banks, Financial Stability, Public Finance, Recapitalisation

13.

Climate Risk Stress Testing: A Survey and Classification

Number of pages: 32 Posted: 23 Feb 2023 Last Revised: 07 Feb 2024
Henk Jan Reinders, Dirk Schoenmaker and Mathijs A. van Dijk
Rotterdam School of Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 1,027 (44,534)

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climate stress test, climate risk, scenario analysis, integrated assessment model, Merton model

14.

Macroprudential Policy: The Need for a Coherent Policy Framework

Duisenburg School of Finance Policy Paper No. 13
Number of pages: 21 Posted: 03 Jul 2011
Dirk Schoenmaker and Peter Wierts
Rotterdam School of Management, Erasmus University and Bank for International Settlements (BIS)
Downloads 948 (49,736)
Citation 22

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Macroprudential policy, monetary policy, financial stability, financial supervision, policy frameworks

15.

Governance of International Banking: The Financial Trilemma (Chapter 1)

Governance of International Banking: The Financial Trilemma, Oxford University Press, 2013
Number of pages: 19 Posted: 03 Apr 2013 Last Revised: 09 Apr 2013
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 943 (50,137)
Citation 1

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Global Financial Crisis, Global Governance, International Finance, Financial Trilemma, Global Financial System, International Financial Regulation, G-SIBs, G-SIFIs, IMF, BIS, ECB, FSB, Banks, Systemic Risk

16.

Royal Philips: A Sustainable Finance Case Study

Erasmus Platform for Sustainable Value Creation, 2018
Number of pages: 31 Posted: 19 Jan 2019 Last Revised: 02 Jul 2019
Willem Schramade and Dirk Schoenmaker
Nyenrode Business University and Rotterdam School of Management, Erasmus University
Downloads 937 (50,578)

Abstract:

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Sustainable Finance, ESG Factors, Case Study

17.

Corporate Finance for Long-Term Value

Corporate Finance for Long-Term Value, Springer, 2023.
Number of pages: 47 Posted: 15 Jun 2023 Last Revised: 04 Oct 2023
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 911 (52,581)

Abstract:

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corporate finance, corporate governance, shareholder value, stakeholder value, integrated value, valuation, cost of capital, capital structure

18.

Financial Markets and Institutions: A European Perspective (Chapter 1)

Haan, J. de, D. Schoenmaker and P. Wierts, Financial Markets and Institutions: A European Perspective, fourth edition, Cambridge University Press, Cambridge, 2020
Number of pages: 43 Posted: 04 Jun 2020
Jakob de Haan, Dirk Schoenmaker and Peter Wierts
CESifo (Center for Economic Studies and Ifo Institute), Rotterdam School of Management, Erasmus University and Bank for International Settlements (BIS)
Downloads 905 (53,031)

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Financial Integration, Financial Crisis, Financial Innovation, European Financial Markets, Banks, Insurers, Monetary Policy, Financial Supervision, Financial Stability, Competition Policy

19.
Downloads 780 (64,748)
Citation 5

What is the Appropriate Size of the Banking System?

Duisenberg School of Finance Policy Paper No. 28
Number of pages: 29 Posted: 09 Oct 2012
Dirk Schoenmaker and Dewi Werkhoven
Rotterdam School of Management, Erasmus University and Duisenberg School of Finance
Downloads 693 (74,475)
Citation 5

Abstract:

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Banking, too-big-to-save, multinationals

The Impact of Multinationals on the Size of the Banking System

Kyklos, Vol. 66, 2013, pp. 378-397
Number of pages: 21 Posted: 10 Feb 2013 Last Revised: 12 Jul 2013
Dirk Schoenmaker and Dewi Werkhoven
Rotterdam School of Management, Erasmus University and Duisenberg School of Finance
Downloads 87 (581,960)

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banks, too-big-to-save, multinationals

20.

Determinants of International Banking: Evidence from the World's Largest Banks

Number of pages: 25 Posted: 27 Feb 2007
Dirk Schoenmaker and Christiaan van Laecke
Rotterdam School of Management, Erasmus University and Ministry of Finance, Netherlands
Downloads 755 (67,605)
Citation 5

Abstract:

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Banking, International business

21.

European Deposit Insurance and Resolution in the Banking Union

Journal of Common Market Studies, Vol 52, No 3, pp. 529-546, 2014
Number of pages: 20 Posted: 07 May 2012 Last Revised: 23 Apr 2014
Daniel Gros and Dirk Schoenmaker
Centre for European Policy Studies, Brussels and Rotterdam School of Management, Erasmus University
Downloads 718 (72,228)
Citation 28

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Banking, Banking Union, Banking Supervision, Resolution, Deposit Insurance

22.

Is the Home Bias in Equities and Bonds Declining in Europe?

Investment Management and Financial Innovations, Vol. 5, pp. 90-102, 2008
Number of pages: 27 Posted: 12 Jul 2007 Last Revised: 19 Jan 2010
Dirk Schoenmaker and Thijs Bosch
Rotterdam School of Management, Erasmus University and VU University Amsterdam
Downloads 683 (76,936)

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International Investments, Portfolio Choice, Home Bias

23.

The Next Step in Green Bond Financing

Number of pages: 37 Posted: 05 Jun 2019 Last Revised: 20 Mar 2020
Dion Bongaerts and Dirk Schoenmaker
Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) and Rotterdam School of Management, Erasmus University
Downloads 667 (79,297)
Citation 7

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security design, liquidity

24.

Corporate Governance Beyond the Shareholder and Stakeholder Model

Forthcoming in Erasmus Law Review
Number of pages: 17 Posted: 17 Oct 2022 Last Revised: 10 Feb 2023
Rotterdam School of Management, Erasmus University, Nyenrode Business University and Vrije Universiteit AmsterdamUniversity of Amsterdam
Downloads 615 (87,844)

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Corporate governance, shareholder model, stakeholder model, sustainability

25.

The Banking Union: An Overview and Open Issues

Chapter 17 in Palgrave Handbook on European Banking, Forthcoming
Number of pages: 27 Posted: 16 May 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 598 (91,074)

Abstract:

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Banking, Banking Union, Banking Supervision, Resolution, Deposit Insurance

26.

The European Banking Landscape After the Crisis

DSF Policy Paper No. 12
Number of pages: 22 Posted: 27 Apr 2011
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 568 (97,249)
Citation 6

Abstract:

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European banking, cross-border, competition, financial supervision, financial stability

27.

What Role for Financial Supervisors in Addressing Environmental Risks?

Comparative Economic Studies, 58, 317-334
Number of pages: 17 Posted: 16 Apr 2015 Last Revised: 27 Oct 2016
Dirk Schoenmaker and Rens van Tilburg
Rotterdam School of Management, Erasmus University and Utrecht University
Downloads 542 (103,049)
Citation 15

Abstract:

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Prudential policy, financial supervision, environmental policies

28.

A European Deposit Insurance and Resolution Fund - An Update

CEPS Policy Brief No. 283
Number of pages: 12 Posted: 15 May 2012 Last Revised: 12 Sep 2012
Dirk Schoenmaker and Daniel Gros
Rotterdam School of Management, Erasmus University and Centre for European Policy Studies, Brussels
Downloads 537 (104,263)
Citation 1

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European Deposit Insurance and Resolution Fund, safety net, cross-border banks, eurozone, banking systems, fiscal positions

29.

Efficiency Gains of a European Banking Union

Duisenberg school of finance - Tinbergen Institute Discussion Paper TI 13-26/IV/DSF 51
Number of pages: 25 Posted: 13 Feb 2013
Dirk Schoenmaker and Arjen Siegmann
Rotterdam School of Management, Erasmus University and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 521 (108,261)
Citation 9

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Financial Stability, Financial Crises, Public Good, International Banking

30.

Corporate Finance and Sustainability: A Teaching Note

Number of pages: 22 Posted: 12 Nov 2019 Last Revised: 19 Oct 2023
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 510 (111,109)
Citation 4

Abstract:

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corporate finance, corporate governance, sustainability, ESG

31.

Systemic Risk and Diversification Across European Banks and Insurers

Journal of Banking & Finance, Vol. 37, 2013, p. 773-785, Tinbergen Institute Discussion Paper No. 2005-110/2
Number of pages: 38 Posted: 15 Dec 2005 Last Revised: 21 Feb 2013
AEGON Asset Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 506 (112,179)
Citation 17

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Financial conglomerates, Banking, Insurance, Diversification, Extreme Value Theory

32.
Downloads 498 (114,313)
Citation 16

Investing for Long-Term Value Creation

Journal of Sustainable Finance & Investment, 9(4), 356-377.
Number of pages: 24 Posted: 19 Sep 2018 Last Revised: 09 Sep 2019
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 496 (113,511)
Citation 16

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Active Investment, Fundamental Analysis, Engagement, ESG Factors, Adaptive Markets Hypothesis

Investing for Long-Term Value Creation

CEPR Discussion Paper No. DP13175
Number of pages: 25 Posted: 17 Sep 2018
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 2 (1,274,948)
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Active investment, adaptive markets hypothesis, engagement, ESG factors, fundamental analysis

Real-Time Financial Stability Assessment With an Application to the COVID-19 Crisis

Number of pages: 41 Posted: 26 Jun 2020 Last Revised: 07 Oct 2022
Henk Jan Reinders, Dirk Schoenmaker and Mathijs A. van Dijk
Rotterdam School of Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 470 (121,083)
Citation 3

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Financial stability, bank capital, COVID-19, stress test

Is COVID-19 a Threat to Financial Stability in Europe?

CEPR Discussion Paper No. DP14922
Number of pages: 28 Posted: 29 Jun 2020
Henk Jan Reinders, Dirk Schoenmaker and Mathijs A. van Dijk
Rotterdam School of Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 6 (1,222,738)
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bank capital, Covid-19 pandemic, Financial Stability, stress test

34.

In Banking: Is Small Beautiful?

DSF Policy Paper No. 2
Number of pages: 20 Posted: 03 Nov 2009 Last Revised: 18 Feb 2010
Jean Dermine and Dirk Schoenmaker
INSEAD - Finance and Rotterdam School of Management, Erasmus University
Downloads 459 (125,977)
Citation 2

Abstract:

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banking, bank regulation

35.

Asset Pricing and Sustainability: A Teaching Note

Number of pages: 24 Posted: 10 Mar 2020
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 431 (135,735)
Citation 4

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asset pricing; capital asset pricing model; ESG factors; active investing; engagement

36.

On the Need for a Fiscal Backstop to the Banking System

This paper is published as a chapter in: Research Handbook on Crisis Management in the Banking Sector, edited by Matthias Haentjens and Bob Wessels, Cheltenham: Edward Elgar Publishing, 2015, 42-54., Duisenberg School of Finance Policy Paper No. 44
Number of pages: 13 Posted: 25 Jul 2014 Last Revised: 16 Jan 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 429 (136,462)
Citation 1

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Fiscal backstop, financial crisis, banking, lender of last resort, euro

37.

Cross-Border Banking in Europe and Financial Stability

International Finance, Vol. 16, 2013, forthcoming, Tinbergen Institute Discussion Paper No. TI 11-054/DSF18
Number of pages: 22 Posted: 21 Mar 2011 Last Revised: 20 Feb 2013
Dirk Schoenmaker and Wolf Wagner
Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 412 (143,063)
Citation 5

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International Banking, Portfolio Diversification, Financial Stability

Decision Rules for Corporate Investment

Forthcoming in International Journal of Financial Studies
Number of pages: 20 Posted: 22 Mar 2021 Last Revised: 20 Feb 2024
Impact Institue, Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 395 (148,707)

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Shareholder value, shareholder welfare, integrated value, capital budgeting

Decision Rules for Long-Term Value Creation

CEPR Discussion Paper No. DP16074
Number of pages: 25 Posted: 14 May 2021
Impact Institue, Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 2 (1,274,948)
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39.

Carbon Bias in Index Investing

Netspar Industry Paper Series - Design Paper 218
Number of pages: 23 Posted: 28 Jan 2022
Mathijs Cosemans and Dirk Schoenmaker
Erasmus University - Rotterdam School of Management and Rotterdam School of Management, Erasmus University
Downloads 386 (153,983)

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carbon emissions, climate change, climate finance, institutional investors, index investing

40.

The Skill Profile of Central Bankers and Supervisors

European Finance Review, Vol. 6, pp. 397-427, 2002, EFA 2001 Barcelona Meetings, LSE Financial Markets Group Discussion Paper No. 377
Number of pages: 27 Posted: 05 Jul 2001 Last Revised: 19 Jan 2010
Charles Goodhart, Dirk Schoenmaker and Paolo Dasgupta
London School of Economics & Political Science (LSE) - Financial Markets Group, Rotterdam School of Management, Erasmus University and affiliation not provided to SSRN
Downloads 379 (157,147)
Citation 12

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The New Banking Union Landscape in Europe: Consolidation Ahead?

Journal of Financial Perspectives, Vol. 3, No. 2, 2015
Number of pages: 29 Posted: 07 Dec 2017
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 195 (307,235)
Citation 2

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The New Banking Union Landscape in Europe: Consolidation Ahead?

Duisenberg School of Finance Policy Paper No 49
Number of pages: 18 Posted: 14 Oct 2014 Last Revised: 28 Feb 2015
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 176 (337,401)

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Banking, Banking Union, Mergers & Acquisitions

42.

Regulatory Capital: Why is it Different?

Accounting and Business Research, Vol. 45, 2015, 468-483.
Number of pages: 23 Posted: 23 Feb 2015 Last Revised: 16 Jan 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 369 (161,825)
Citation 1

Abstract:

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capital requirements, financial stability, crisis management, fair value accounting

43.
Downloads 355 (168,887)
Citation 6

Greening Monetary Policy

Climate Policy, 21(4), 581-592.
Number of pages: 22 Posted: 19 Sep 2018 Last Revised: 29 Mar 2021
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 353 (168,486)
Citation 6

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Monetary Policy, Collateral, Decarbonising, Carbon Emissions, Cost of Capital

Greening Monetary Policy

CEPR Discussion Paper No. DP13576
Number of pages: 29 Posted: 12 Mar 2019
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 2 (1,274,948)
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Assets, Carbon Emissions, Collateral, cost of capital, monetary policy

44.
Downloads 340 (176,979)
Citation 6

A Model of Long-Term Value Creation

Forthcoming, Journal of Sustainable Finance & Investment
Number of pages: 26 Posted: 20 Apr 2021 Last Revised: 06 Jan 2022
Lars Kurznack, Dirk Schoenmaker and Willem Schramade
Environmental Resources Management, Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 340 (175,564)
Citation 3

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corporate strategy, sustainability, transition, financial capital, human capital, social capital, natural capital

A Model of Long-Term Value Creation

CEPR Discussion Paper No. DP16073
Number of pages: 29 Posted: 14 May 2021
Lars Kurznack, Dirk Schoenmaker and Willem Schramade
Environmental Resources Management, Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 0
Citation 3
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45.

A ‘Twin Peaks’ Vision for Europe

Chapter for The Cambridge Handbook of Twin Peaks Financial Regulation, edited by A. Godwin and A. Schmulow, Cambridge University Press, 2018, Forthcoming
Number of pages: 12 Posted: 13 Nov 2017
Dirk Schoenmaker and Nicolas Veron
Rotterdam School of Management, Erasmus University and Bruegel
Downloads 335 (179,860)

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supervisory structure, prudential supervision, conduct of business supervision

Do the SDGs Affect Sovereign Bond Spreads? First Evidence

Number of pages: 49 Posted: 01 Mar 2022 Last Revised: 28 Mar 2023
Eline ten Bosch, Mathijs A. van Dijk and Dirk Schoenmaker
Rotterdam School of Management, Erasmus University, Erasmus University Rotterdam (EUR) and Rotterdam School of Management, Erasmus University
Downloads 327 (183,087)
Citation 1

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Sustainable Development Goals, Sovereign credit default swaps, Sovereign credit spreads, Default risk, Country SDG performance

Do the SDGs Affect Sovereign Bond Spreads? First Evidence

CEPR Discussion Paper No. DP16898
Number of pages: 47 Posted: 04 Feb 2022
Dirk Schoenmaker, Eline ten Bosch and Mathijs A. van Dijk
Rotterdam School of Management, Erasmus University, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 4 (1,248,710)
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Country SDG performance, Default Risk, Sovereign credit default swaps, Sovereign credit spreads, sustainable development goals

47.

The Emergence of Cross-Border Insurance Groups within Europe with Centralised Risk Management

Geneva Papers on Risk and Insurance - Issues and Practice, Vol. 33, pp. 530-546, 2008
Number of pages: 20 Posted: 24 Dec 2007 Last Revised: 18 Feb 2010
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 321 (188,163)

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insurance companies, international business, organisational structure

48.

The Global Investment Banks are Now All Becoming American: Does that Matter for Europeans?

Forthcoming, Journal of Financial Regulation, Volume 2, Issue 2, 2016
Number of pages: 23 Posted: 08 Jul 2016
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 299 (202,965)
Citation 2

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investment banking, corporate finance, financial regulation and supervision

49.

The Impact Economy: Balancing Profit and Impact

Schoenmaker, D. (2020), 'The Impact Economy: Balancing Profit and Impact', Working Paper 2020/04, Bruegel.
Number of pages: 21 Posted: 07 May 2020 Last Revised: 08 Jul 2020
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 273 (222,938)
Citation 10

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Economic systems, sustainable development, CSR, institutional investors

50.

Regulating the Financial Cycle: An Integrated Approach with a Leverage Ratio

Economics Letters, 136 (2015), 70-72., Duisenberg School of Finance - Tinbergen Institute Discussion Paper TI15-057/IV/DSF 93
Number of pages: 7 Posted: 19 May 2015 Last Revised: 15 Jan 2016
Dirk Schoenmaker and Peter Wierts
Rotterdam School of Management, Erasmus University and Bank for International Settlements (BIS)
Downloads 267 (227,932)
Citation 2

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Financial cycle, macroprudential regulation, financial supervision, (shadow) banking.

51.

Financing Environmental and Energy Transitions for Regions and Cities: Creating Local Solutions for Global Challenges

Paper for an OECD/EC Workshop on financing environmental and energy transitions.
Number of pages: 59 Posted: 08 Jun 2020
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 264 (230,550)

Abstract:

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sustainable finance; transitions

52.

The Reform of Wholesale Payment Systems and its Impact on Financial Markets

IMF Working Paper No. 96/37
Number of pages: 54 Posted: 15 Feb 2006
David Folkerts-Landau, Peter M. Garber and Dirk Schoenmaker
Deutsche Bank, London, Brown University - Department of Economics and Rotterdam School of Management, Erasmus University
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53.

Can European Bank Bailouts Work?

Journal of Banking & Finance, Volume 48 (2014), 334–349., 25th Australasian Finance and Banking Conference 2012
Number of pages: 41 Posted: 22 Aug 2012 Last Revised: 16 Jan 2016
Dirk Schoenmaker and Arjen Siegmann
Rotterdam School of Management, Erasmus University and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 223 (271,855)
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Financial Stability, Public Good, International Monetary Arrangements, International banking

54.

From Market to Green Economics: Impact on Monetary and Financial Policies

Forthcoming in: Dariusz Adamski, Fabian Amtenbrink, Jakob de Haan (editors), Cambridge Handbook on European Monetary, Economic and Financial Market Integration
Number of pages: 26 Posted: 19 Jul 2022 Last Revised: 17 Aug 2023
Dirk Schoenmaker and Hans Stegeman
Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
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Central banking, sustainability, monetary policy, financial stability, financial supervision

55.

Burden Sharing: From Theory to Practice

DSF Policy Paper No. 6
Number of pages: 19 Posted: 13 Oct 2010 Last Revised: 01 Mar 2011
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 211 (286,532)
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Burden sharing, financial stability, public good

56.

Cross-border Insurance in Europe: Challenges for Supervision

Forthcoming in The Geneva Papers on Risk and Insurance, Duisenberg School of Finance Policy Paper No. 45
Number of pages: 31 Posted: 21 Nov 2014 Last Revised: 25 Nov 2015
Dirk Schoenmaker and Jan Sass
Rotterdam School of Management, Erasmus University and Duisenberg School of Finance
Downloads 210 (287,831)
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insurance markets; measures for internationalisation; level playing field; financial supervision

Resolution of International Banks: Can Smaller Countries Cope?

International Finance, 2018, 39-54
Number of pages: 22 Posted: 01 Nov 2016 Last Revised: 29 Apr 2018
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 163 (361,004)
Citation 7

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Global Financial Architecture, International Banks, Burden Sharing, Resolution Planning, Single Point of Entry, Multiple Point of Entry

Resolution of International Banks: Can Smaller Countries Cope?

ESRB: Working Paper Series No. 2017/34
Number of pages: 23 Posted: 05 Nov 2020
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 39 (869,829)
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Burden Sharing, Global Financial Architecture, International Banks, Multiple Point of Entry, Resolution Planning, Single Point of Entry

Resolution of International Banks: Can Smaller Countries Cope?

CEPR Discussion Paper No. DP11600
Number of pages: 23 Posted: 07 Nov 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
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Burden Sharing, global financial architecture, International Banks, Multiple Point of Entry, Resolution Planning, single point of entry

58.

The Changing Fortunes of Central Banking

The Changing Fortunes of Central Banking, Philipp Hartmann, Haizhou Huang and Dirk Schoenmaker (eds), Cambridge University Press, 2018
Number of pages: 22 Posted: 20 Feb 2018
Philipp Hartmann, Haizhou Huang and Dirk Schoenmaker
European Central Bank (ECB), China International Capital Corporation Limited and Rotterdam School of Management, Erasmus University
Downloads 193 (311,043)

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Monetary history, monetary policy, financial stability, foreign exchange, international financial architecture

59.
Downloads 187 (320,099)
Citation 5

Macroprudential Supervision: From Theory to Policy

National Institute Economic Review, No 235, 50-62, February 2016, ESRB Working Paper Series, No 2, February 2016
Number of pages: 34 Posted: 21 Nov 2015 Last Revised: 26 Feb 2016
Dirk Schoenmaker and Peter Wierts
Rotterdam School of Management, Erasmus University and Bank for International Settlements (BIS)
Downloads 134 (424,376)
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Financial cycle, Macroprudential policy, Financial supervision, Leverage ratio

Macroprudential Supervision: From Theory to Policy

ESRB: Working Paper Series No. 2016/02
Number of pages: 34 Posted: 05 Nov 2020
Dirk Schoenmaker and Peter Wierts
Rotterdam School of Management, Erasmus University and Bank for International Settlements (BIS)
Downloads 53 (758,359)
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financial cycle, macroprudential policy, financial supervision, leverage ratio

60.

The Sovereign Behind the Euro

Duisenberg School of Finance Policy Paper No. 15
Number of pages: 12 Posted: 03 Sep 2011
Jaap Hoeksma and Dirk Schoenmaker
Euroknow and Rotterdam School of Management, Erasmus University
Downloads 180 (331,367)
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euro, monetary sovereignty, fiscal sovereignty, financial stability

61.

Finance in Transition

Loorbach, D., D. Schoenmaker and W. Schramade (2020), Finance in Transition: Principles for a positive finance future, Rotterdam School of Management, Erasmus University, Rotterdam.
Number of pages: 100 Posted: 19 Jan 2021
Derk Loorbach, Dirk Schoenmaker and Willem Schramade
Dutch Research Institute for Transitions, Rotterdam School of Management, Erasmus University and Nyenrode Business University
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Financial, Social and Environmental Risks and Value, Transition, Sustainable Finance, Sustainable Development

62.
Downloads 172 (346,603)
Citation 5

European Banks Straddling Borders: Risky or Rewarding?

Forthcoming in Financial Research Letters
Number of pages: 18 Posted: 18 Jul 2017 Last Revised: 04 Jun 2020
Patty Duijm and Dirk Schoenmaker
De Nederlandsche Bank and Rotterdam School of Management, Erasmus University
Downloads 172 (346,190)
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International Banking; Bank Regulation; Financial Stability; Risk; Geographical diversification

European Banks Straddling Borders: Risky or Rewarding?

CEPR Discussion Paper No. DP12159
Number of pages: 38 Posted: 25 Jul 2017
Patty Duijm and Dirk Schoenmaker
De Nederlandsche Bank and Rotterdam School of Management, Erasmus University
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Bank Regulation, Financial Stability, Geographical Diversification, International Banking, Risk

63.

Valuing Companies in Transition

Forthcoming in Sustainability Letters (2022), Issue 1
Number of pages: 11 Posted: 16 Mar 2022 Last Revised: 03 Jul 2022
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
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transition management, sustainability, corporate finance, corporate valuation, corporate strategy

64.

Institutional Investors and Development of Europe’s Capital Markets

Chapter 18 in D. Busch, E. Avgouleas and G. Ferrarini (eds), Capital Markets Union in Europe, Oxford University Press, Oxford, 2018
Number of pages: 19 Posted: 18 Oct 2018
Zsolt Darvas and Dirk Schoenmaker
Budapest University of Economic Sciences and Public Administration and Rotterdam School of Management, Erasmus University
Downloads 165 (357,418)

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Institutional Investors, International Investments, Portfolio Choice, Home Bias

65.

What Happened to Global Banking after the Crisis?

Forthcoming in Journal of Financial Regulation and Compliance, Volume 25, 2017
Number of pages: 18 Posted: 11 Mar 2017 Last Revised: 17 Apr 2017
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 156 (374,657)
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Banks, Cross-Border Banking, Capital Requirements, Geographical Segmentation

66.

A European Roadmap towards a Common Resolution Approach

Number of pages: 23 Posted: 15 Mar 2010
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 155 (376,719)

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Banking, Crisis resolution, Europe

67.

Can the Market Economy Deal With Sustainability?

Number of pages: 28 Posted: 07 Dec 2022
Dirk Schoenmaker and Hans Stegeman
Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 145 (400,030)

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market economy, economic growth, inequality, social inclusion, environment, commons, well-being

68.

Fossil Fuel-Related Investments and Climate Change

Number of pages: 17 Posted: 14 Nov 2021
Rotterdam School of Management, Erasmus University, University of Amsterdam - Research Institute in Economics & Econometrics (RESAM) and Radhoud University
Downloads 136 (418,408)
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Pension funds, responsible investing, fossil fuels, climate change, engagement

69.

Building a Stable European Deposit Insurance Scheme

Forthcoming in Journal of Financial Regulation 4(2)
Number of pages: 9 Posted: 25 May 2018
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 135 (420,837)
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Deposit insurance, Banking Union, moral hazard, risk-based premium

70.

Reforms to the European Union Financial Supervisory and Regulatory Architecture and Their Implications for Asia

ADBI Working Paper No. 615
Number of pages: 35 Posted: 05 Jan 2017
Zsolt Darvas, Dirk Schoenmaker and Nicolas Veron
Budapest University of Economic Sciences and Public Administration, Rotterdam School of Management, Erasmus University and Bruegel
Downloads 124 (449,449)
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Financial Regulation; Banking Union; European Union; Banking Crisis

71.

Should the 'Outs' Join the Banking Union?

European Economy 2015.3, 89-112
Number of pages: 24 Posted: 10 Mar 2016
Pia Huettl and Dirk Schoenmaker
Bruegel and Rotterdam School of Management, Erasmus University
Downloads 124 (449,449)

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Financial supervision, Banking Union, international banking

72.

A Macro Approach to International Bank Resolution

Chapter in Research Handbook on Cross-Border Bank Recovery and Resolution, edited by Matthias Haentjes and Bob Wessels, Edward Elgar, Cheltenham, 2019, 57-78.
Number of pages: 19 Posted: 07 Jul 2017 Last Revised: 09 Sep 2019
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 122 (455,022)
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bank resolution, international banking, single point of entry, multiple point of trilemma, banking union

73.

Forbearance, Resolution and Deposit Insurance

ESRB: Advisory Scientific Committee Reports 2012/1
Number of pages: 27 Posted: 05 Nov 2020
affiliation not provided to SSRN, affiliation not provided to SSRN, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), affiliation not provided to SSRN, National Bank of Poland, affiliation not provided to SSRN, affiliation not provided to SSRN, Deutsche Bundesbank, affiliation not provided to SSRN, affiliation not provided to SSRN, Centre for European Policy Studies, Brussels, ANIA - Italian Association of Insurance Companies, Columbia University - Columbia Business School, affiliation not provided to SSRN, Rotterdam School of Management, Erasmus University and University of Geneva - Graduate Institute of International Studies (HEI)
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bank regulation, bank resolution, loan forbearance

74.

The Consequences of the Single Supervisory Mechanism for Europe's Macro-Prudential Policy Framework

ESRB: Advisory Scientific Committee Reports 2013/3
Number of pages: 8 Posted: 05 Nov 2020
affiliation not provided to SSRN, affiliation not provided to SSRN, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), affiliation not provided to SSRN, National Bank of Poland, affiliation not provided to SSRN, affiliation not provided to SSRN, Deutsche Bundesbank, affiliation not provided to SSRN, affiliation not provided to SSRN, Centre for European Policy Studies, Brussels, ANIA - Italian Association of Insurance Companies, Columbia University - Columbia Business School, affiliation not provided to SSRN, Rotterdam School of Management, Erasmus University and University of Geneva - Graduate Institute of International Studies (HEI)
Downloads 78 (613,311)

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macroprudential regulation, market integration

75.

Spotting Excessive Regional House Price Growth and What to Do About It

Bruegel Policy Contribution, Issue No 26, October 2017, ERIM Report Series Reference No. ERS-2017-017-F&A
Number of pages: 16 Posted: 06 Nov 2017
Gregory Claeys, Konstantinos Efstathiou and Dirk Schoenmaker
Bruegel, Bruegel and Rotterdam School of Management, Erasmus University
Downloads 72 (640,473)

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House Price Bubbles, Credit Bubbles, Financial Stability

76.

Allocating Macro-Prudential Powers

ESRB: Advisory Scientific Committee Reports 2014/5
Number of pages: 20 Posted: 05 Nov 2020
Daniel Gros, Sam Langfield, Marco Pagano and Dirk Schoenmaker
Centre for European Policy Studies, Brussels, European Central Bank, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Rotterdam School of Management, Erasmus University
Downloads 55 (729,727)

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macroprudential regulation, economic policy, governance

77.

Trans-Tasman Cooperation in Banking Supervision and Resolution

Journal of Banking Regulation, 21(1), 15-25.
Number of pages: 21 Posted: 21 Jun 2019 Last Revised: 08 Mar 2020
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 39 (838,922)

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International Banks, Banking Supervision, Burden Sharing, Resolution Planning

78.

Should Denmark and Sweden Join the Banking Union?

Forthcoming, Journal of Financial Regulation
Number of pages: 10 Posted: 29 Jun 2020
Svend E. Hougaard Jensen and Dirk Schoenmaker
Copenhagen Business School - Department of Economics and Rotterdam School of Management, Erasmus University
Downloads 36 (871,250)

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cross-border banking, Banking Union, non-euro area countries, banking supervision, financial stability

79.

Which Discount Rate for Sustainability?

Number of pages: 19 Posted: 03 Sep 2024
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 34 (879,839)

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Social discount rate, risk management, social capital

80.

Impact of transitions on the financial stability and LOLR roles of central banks

Central Bank Capital in Turbulent Times – The Risk Management Dimension of Monetary Policy Instruments, Houben, Broeders and Bonetti (eds), Springer, Forthcoming
Number of pages: 18 Posted: 01 Jul 2024
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 30 (915,446)

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Financial stability, climte transition, central bank capital

81.

Liquidity and Clientele Effects in Green Debt Markets

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 22 Apr 2024
Dion Bongaerts and Dirk Schoenmaker
Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) and Rotterdam School of Management, Erasmus University
Downloads 26 (963,344)
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environmental finance, ESG, liquidity, bond markets, market segmentation, security design, price discrimination

82.

Shareholder primacy or stakeholder governance?

Number of pages: 8 Posted: 30 Jul 2024
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 23 (983,634)

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Corporate Governance, shareholder value, shareholder welfare, stakeholder value, externalities, value creation

83.

Should the Functions of Monetary Policy and Banking Supervision Be Separated?

Oxford Economic Papers, Vol. 47, pp. 539-560, 1995
Posted: 20 Feb 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University

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84.

Financial Supervision in an Integrating Europe: Measuring Cross-Border Externalities

International Finance, Vol. 5, pp. 1-27, 2005
Posted: 19 Feb 2010
Sander Oosterloo and Dirk Schoenmaker
affiliation not provided to SSRN and Rotterdam School of Management, Erasmus University

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85.

A Comparison of Alternative Interbank Settlement Systems

FMG DP No. 204
Posted: 29 Nov 1995
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University

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