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

  • Rotterdam School of Management, Erasmus University

  • Erasmus Research Institute of Management (ERIM)

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

77

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31,981

SSRN CITATIONS
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179

CROSSREF CITATIONS

216

Ideas:
“  We have finished a textbook "Principles of Sustainable Finance" (OUP) with new ideas for finance teaching and for finance practice.  ”

  • Rotterdam School of Management, Erasmus University

  • Erasmus Research Institute of Management (ERIM)

  • Centre for Economic Policy Research (CEPR)

Scholarly Papers (77)

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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 RSM Erasmus University
Downloads 3,398 (4,708)
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.

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 1,886 (12,262)
Citation 23

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Financial Stability, Public Good

3.

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 1,726 (14,120)
Citation 1

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

4.

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 1,171 (25,336)
Citation 1

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

5.

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 1,108 (27,504)
Citation 3

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

6.

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Downloads 1,057 ( 29,369)

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Number of pages: 21 Posted: 25 Oct 2021 Last Revised: 26 Oct 2021
Patrick Bolton, Marcin T. Kacperczyk, Christian Leuz, Gaizka Ormazabal, Stefan Reichelstein and Dirk Schoenmaker
Columbia University - Columbia Business School, Economics, Imperial College London - Accounting, Finance, and Macroeconomics, University of Chicago - Booth School of Business, University of Navarra, IESE Business School, Stanford University - Graduate School of Business and Rotterdam School of Management, Erasmus University
Downloads 918 (35,373)

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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
Patrick Bolton, Stefan Reichelstein, Marcin T. Kacperczyk, Christian Leuz, Gaizka Ormazabal and Dirk Schoenmaker
Columbia University - Columbia Business School, Economics, Stanford University - Graduate School of Business, 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 139 (285,069)

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net zero, carbon economy, carbon emissions, GHG

7.

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 1,003 (31,653)
Citation 2

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Financial Stability, Economic Integration, International Policy Coordination

8.

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 991 (32,185)
Citation 2

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

9.

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 978 (32,800)
Citation 9

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Banks, Financial Stability, Public Finance, Recapitalisation

10.

A Finance Approach to Climate Stress Testing

Downloads 926 ( 35,420)
Citation 5

A Finance Approach to Climate Stress Testing

Number of pages: 51 Posted: 06 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 923 (35,069)
Citation 7

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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 3 (884,707)
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banks, carbon tax, Climate policies, Climate stress test, contingent claims analysis

11.

A Framework for Sustainable Finance

Downloads 906 ( 36,542)
Citation 3

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 903 (36,176)
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 3 (884,707)
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corporate governance, Environmental, Short-termism, Social and Governance (ESG) Risks, Sustainable Development, Sustainable Finance

12.

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 826 (41,566)

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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

13.

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 755 (46,859)
Citation 16

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

14.

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 685 (53,300)
Citation 4

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Banking, International business

15.

European Deposit Insurance and Resolution in the Banking Union

Downloads 665 ( 55,404)
Citation 37

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 662 (55,029)
Citation 26

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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 3 (884,707)
Citation 7

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16.

What is the Appropriate Size of the Banking System?

Downloads 657 ( 56,286)
Citation 4

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 604 (61,878)
Citation 5

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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 53 (515,224)

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banks, too-big-to-save, multinationals

17.

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 599 (63,320)

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International Investments, Portfolio Choice, Home Bias

18.

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 542 (71,802)

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

19.

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 518 (75,953)
Citation 6

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

20.

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 517 (76,135)
Citation 1

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

21.

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 503 (78,719)

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

22.

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
Jan Frederik Slijkerman, Dirk Schoenmaker and Casper G. de Vries
AEGON Asset Management, Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 474 (84,592)
Citation 14

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

23.

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 470 (85,453)
Citation 9

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Financial Stability, Financial Crises, Public Good, International Banking

24.

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
RSM Erasmus University and Rotterdam School of Management, Erasmus University
Downloads 453 (89,224)

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Sustainable Finance, ESG Factors, Case Study

25.

In Banking: Is Small Beautiful?

Downloads 437 ( 93,022)
Citation 5

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 435 (92,705)
Citation 2

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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 (898,697)

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26.

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) - Finance and Rotterdam School of Management, Erasmus University
Downloads 429 (95,057)
Citation 1

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security design, liquidity

27.

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

Downloads 412 ( 99,647)
Citation 2

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

Number of pages: 35 Posted: 26 Jun 2020 Last Revised: 20 Jan 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 410 (99,387)
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 2 (898,697)
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bank capital, Covid-19 pandemic, Financial Stability, stress test

28.

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 376 (110,604)
Citation 1

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

29.

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 371 (112,247)
Citation 5

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International Banking, Portfolio Diversification, Financial Stability

30.

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 361 (115,778)
Citation 9

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Prudential policy, financial supervision, environmental policies

31.

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 348 (120,511)
Citation 12

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32.

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 337 (124,945)
Citation 1

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

33.

Corporate Finance and Sustainability: A Teaching Note

Number of pages: 22 Posted: 12 Nov 2019 Last Revised: 17 Feb 2020
Dirk Schoenmaker and Willem Schramade
Rotterdam School of Management, Erasmus University and RSM Erasmus University
Downloads 322 (131,036)
Citation 4

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corporate finance, corporate governance, sustainability, ESG

34.

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 303 (139,752)

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insurance companies, international business, organisational structure

35.

Investing for Long-Term Value Creation

Downloads 282 (150,510)
Citation 9

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 RSM Erasmus University
Downloads 282 (149,814)
Citation 12

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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 RSM Erasmus University
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Active investment, adaptive markets hypothesis, engagement, ESG factors, fundamental analysis

36.

The New Banking Union Landscape in Europe: Consolidation Ahead?

Downloads 268 (158,446)
Citation 4

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 145 (275,798)

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Banking, Banking Union, Mergers & Acquisitions

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 123 (312,904)
Citation 2

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37.

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, Jakob de Haan, Dirk Schoenmaker and Peter Wierts
University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank, Rotterdam School of Management, Erasmus University and De Nederlandsche Bank
Downloads 263 (161,465)

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

38.

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 RSM Erasmus University
Downloads 261 (162,664)
Citation 2

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

39.

Decision Rules for Integrated Value

Downloads 256 (165,892)

Decision Rules for Integrated Value

Number of pages: 17 Posted: 22 Mar 2021 Last Revised: 06 Jan 2022
Willem Schramade, Dirk Schoenmaker and Reinier De Adelhart Toorop
RSM Erasmus University, Rotterdam School of Management, Erasmus University and Impact Institue
Downloads 256 (165,282)

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Capital budgeting, net present value, integrated present value, financial capital, social capital, natural capital

Decision Rules for Long-Term Value Creation

CEPR Discussion Paper No. DP16074
Number of pages: 25 Posted: 14 May 2021
Reinier De Adelhart Toorop, Dirk Schoenmaker and Willem Schramade
Impact Institue, Rotterdam School of Management, Erasmus University and RSM Erasmus University
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40.

Greening Monetary Policy

Downloads 250 (169,732)
Citation 7

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 249 (169,763)
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 1 (914,944)
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Assets, Carbon Emissions, Collateral, cost of capital, monetary policy

41.

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 248 (171,016)
Citation 2

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investment banking, corporate finance, financial regulation and supervision

42.

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 230 (183,827)
Citation 1

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

43.

Carbon Bias in Index Investing

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 219 (192,588)

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

44.

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 204 (205,724)

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supervisory structure, prudential supervision, conduct of business supervision

45.

A Model of Long-Term Value Creation

Downloads 190 (219,184)
Citation 2

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 RSM Erasmus University
Downloads 190 (219,111)
Citation 2

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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 RSM Erasmus University
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46.

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 189 (220,214)
Citation 1

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

47.

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 182 (227,531)
Citation 3

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

48.

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 161 (252,498)
Citation 2

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Burden sharing, financial stability, public good

49.

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 161 (252,498)

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50.

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 152 (264,620)
Citation 5

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Economic systems, sustainable development, CSR, institutional investors

51.

Resolution of International Banks: Can Smaller Countries Cope?

Downloads 149 (268,929)
Citation 5

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 132 (296,620)
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 17 (742,511)
Citation 2

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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

52.

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 RSM Erasmus University
Downloads 136 (288,953)

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transition management, sustainability, corporate finance, corporate valuation, corporate strategy

53.

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 135 (290,531)

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Banking, Crisis resolution, Europe

54.

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 130 (298,960)
Citation 4

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Banks, Cross-Border Banking, Capital Requirements, Geographical Segmentation

55.

Macroprudential Supervision: From Theory to Policy

Downloads 125 (307,823)
Citation 2

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 104 (352,373)
Citation 2

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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 De Nederlandsche Bank
Downloads 21 (708,400)
Citation 2

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financial cycle, macroprudential policy, financial supervision, leverage ratio

56.

Do the SDGs Affect Sovereign Bond Spreads? First Evidence

Downloads 117 (322,750)

Do the SDGs Affect Sovereign Bond Spreads? First Evidence

Number of pages: 44 Posted: 01 Mar 2022
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 117 (324,485)

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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)
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Country SDG performance, Default Risk, Sovereign credit default swaps, Sovereign credit spreads, sustainable development goals

57.

European Banks Straddling Borders: Risky or Rewarding?

Downloads 113 (330,667)
Citation 3

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 113 (332,550)
Citation 2

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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

58.

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
affiliation not provided to SSRN, Rotterdam School of Management, Erasmus University and RSM Erasmus University
Downloads 111 (334,887)

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Financial, Social and Environmental Risks and Value, Transition, Sustainable Finance, Sustainable Development

59.

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 101 (356,813)
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Deposit insurance, Banking Union, moral hazard, risk-based premium

60.

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 99 (361,461)
Citation 1

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bank resolution, international banking, single point of entry, multiple point of trilemma, banking union

61.

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 95 (370,838)

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

62.

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 94 (373,409)
Citation 1

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euro, monetary sovereignty, fiscal sovereignty, financial stability

63.

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 93 (375,968)
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Financial Regulation; Banking Union; European Union; Banking Crisis

64.

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 RSM Erasmus University
Downloads 92 (378,452)

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sustainable finance; transitions

65.

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 90 (383,557)

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Institutional Investors, International Investments, Portfolio Choice, Home Bias

66.

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 89 (386,167)

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Financial supervision, Banking Union, international banking

67.

Fossil Fuel-Related Investments and Climate Change

Number of pages: 17 Posted: 14 Nov 2021
Dirk Schoenmaker, Roel M. W. J. Beetsma and Heleen de Coninck
Rotterdam School of Management, Erasmus University, University of Amsterdam - Research Institute in Economics & Econometrics (RESAM) and Radhoud University
Downloads 60 (478,861)

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Pension funds, responsible investing, fossil fuels, climate change, engagement

68.

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 32 (611,249)

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House Price Bubbles, Credit Bubbles, Financial Stability

69.

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
André Sapir, Martin F. Hellwig, Marco Pagano, Viral Acharya, Leszek Balcerowicz, Arnoud Boot, Markus K. Brunnermeier, Claudia Buch, Ieke van den, Charles Calomiris, Daniel Gros, Dario Focarelli, Alberto Giovannini, Andreas Ittner, Dirk Schoenmaker and Charles Wyplosz
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Naples Federico II - Department of Economics and Statistics, 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 31 (617,299)

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macroprudential regulation, market integration

70.

Forbearance, Resolution and Deposit Insurance

ESRB: Advisory Scientific Committee Reports 2012/1
Number of pages: 27 Posted: 05 Nov 2020
Martin F. Hellwig, André Sapir, Marco Pagano, Viral Acharya, Leszek Balcerowicz, Arnoud Boot, Markus K. Brunnermeier, Claudia Buch, Ieke van den, Charles Calomiris, Daniel Gros, Dario Focarelli, Alberto Giovannini, Andreas Ittner, Dirk Schoenmaker and Charles Wyplosz
affiliation not provided to SSRN, affiliation not provided to SSRN, University of Naples Federico II - Department of Economics and Statistics, 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 25 (656,893)

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bank regulation, bank resolution, loan forbearance

71.

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 17 (717,850)

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International Banks, Banking Supervision, Burden Sharing, Resolution Planning

72.

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, University of Naples Federico II - Department of Economics and Statistics and Rotterdam School of Management, Erasmus University
Downloads 15 (734,439)

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macroprudential regulation, economic policy, governance

73.

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 6 (818,150)

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

74.

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 (893,040)

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75.

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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76.

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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77.

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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