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

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

42

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CITATIONS
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104

Scholarly Papers (42)

1.

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 1,188 (9,956)
Citation 7

Abstract:

Financial Stability, Public Good

2.

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 842 (19,041)

Abstract:

Financial Stability, Economic Integration, International Policy Coordination

3.

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 792 (18,591)
Citation 10

Abstract:

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

4.

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 774 (21,076)
Citation 25

Abstract:

Banks, Financial Stability, Public Finance, Recapitalisation

5.

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 764 (21,540)
Citation 23

Abstract:

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

6.

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 580 (33,236)
Citation 1

Abstract:

Banking, International business

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 535 (38,738)
Citation 2

Abstract:

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

European Deposit Insurance and Resolution in the Banking Union

JCMS: Journal of Common Market Studies, Vol. 52, Issue 3, pp. 529-546, 2014
Number of pages: 18 Posted: 11 Apr 2014
Daniel Gros and Dirk Schoenmaker
Centre for European Policy Studies, Brussels and Rotterdam School of Management, Erasmus University
Downloads 0
Citation 1

Abstract:

8.
Downloads 410 ( 54,727)
Citation 11

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 408 (54,548)
Citation 11

Abstract:

banking, bank regulation

In Banking, is Small Beautiful?

Financial Markets, Institutions & Instruments, Vol. 19, Issue 1, pp. 1-19, February 2010
Number of pages: 19 Posted: 20 Jan 2010
Jean Dermine and Dirk Schoenmaker
INSEAD - Finance and Rotterdam School of Management, Erasmus University
Downloads 2 (540,023)
Citation 11

Abstract:

9.

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 408 (52,413)
Citation 4

Abstract:

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

10.
Downloads 401 ( 56,253)
Citation 1

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 356 (64,151)
Citation 1

Abstract:

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 45 (332,858)
Citation 1

Abstract:

banks, too-big-to-save, multinationals

11.

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 375 (54,577)

Abstract:

International Investments, Portfolio Choice, Home Bias

12.

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 343 (56,758)
Citation 1

Abstract:

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

13.

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 333 (70,022)
Citation 2

Abstract:

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

14.

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 318 (72,012)
Citation 8

Abstract:

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 294 (47,664)
Citation 1

Abstract:

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.

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) - Rotterdam School of Management (RSM)
Downloads 294 (72,277)
Citation 1

Abstract:

International Banking, Portfolio Diversification, Financial Stability

17.

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 VU University Amsterdam
Downloads 292 (62,487)

Abstract:

Financial Stability, Financial Crises, Public Good, International Banking

18.

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 283 (82,054)
Citation 1

Abstract:

insurance companies, international business, organisational structure

19.

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 De Nederlandsche Bank
Downloads 272 (62,067)

Abstract:

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

20.

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 VU University Amsterdam
Downloads 146 (145,481)
Citation 1

Abstract:

Financial Stability, Public Good, International Monetary Arrangements, International banking

21.

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 143 (100,187)

Abstract:

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

22.

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 De Nederlandsche Bank
Downloads 130 (127,171)

Abstract:

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

23.

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 127 (169,447)
Citation 2

Abstract:

Burden sharing, financial stability, public good

24.

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 124 (176,770)

Abstract:

Banking, Crisis resolution, Europe

25.

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
Downloads 109 (177,877)
Citation 3

Abstract:

26.

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 93 (130,445)

Abstract:

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

27.

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 90 (189,339)

Abstract:

Banking, Banking Union, Mergers & Acquisitions

28.

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 74 (172,484)

Abstract:

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

29.

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 64 (216,423)

Abstract:

Prudential policy, financial supervision, environmental policies

30.

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 64 (258,048)

Abstract:

euro, monetary sovereignty, fiscal sovereignty, financial stability

31.

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 61 (199,468)

Abstract:

insurance markets; measures for internationalisation; level playing field; financial supervision

Resolution of International Banks: Can Smaller Countries Cope?

CEPR Discussion Paper No 11600
Number of pages: 21 Posted: 01 Nov 2016 Last Revised: 09 Dec 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 39 (352,728)

Abstract:

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?

CEPR Discussion Paper No. DP11600
Number of pages: 23 Posted: 07 Nov 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 0

Abstract:

Burden Sharing, global financial architecture, International Banks, Multiple Point of Entry, Resolution Planning, single point of entry

33.

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 0 (461,057)

Abstract:

Financial Regulation; Banking Union; European Union; Banking Crisis

34.

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

Forthcoming Chapter in 'The Economics of the UK-EU Relationship: From the Treaty of Rome to the Brexit Vote', edited by N. Campos and F. Coricelli, Palgrave McMillan, London
Number of pages: 14 Posted: 04 Oct 2016 Last Revised: 14 Oct 2016
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
Downloads 0 (92,102)

Abstract:

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

35.

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 0 (227,320)

Abstract:

investment banking, corporate finance, financial regulation and supervision

36.

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 0 (185,755)

Abstract:

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

37.

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 0 (339,250)

Abstract:

Financial supervision, Banking Union, international banking

38.

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 De Nederlandsche Bank
Downloads 0 (268,458)

Abstract:

Financial cycle, Macroprudential policy, Financial supervision, Leverage ratio

39.

The Impact of Multinationals on the Size of the Banking System

Kyklos, Vol. 66, Issue 3, pp. 378-397, 2013
Number of pages: 20 Posted: 13 Jul 2013
Dirk Schoenmaker and Dewi Werkhoven
Rotterdam School of Management, Erasmus University and Duisenberg School of Finance
Downloads 0 (532,107)

Abstract:

40.

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

Abstract:

41.

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

Abstract:

42.

A Comparison of Alternative Interbank Settlement Systems

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

Abstract: