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

81

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43,549

SSRN CITATIONS
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Top 3,575

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262

CROSSREF CITATIONS

205

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.  ”

  • Rotterdam School of Management, Erasmus University

  • Erasmus Research Institute of Management (ERIM)

  • Centre for Economic Policy Research (CEPR)

Scholarly Papers (81)

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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 Nyenrode Business University
Downloads 5,719 (2,505)
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 3,088 (7,106)
Citation 1

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

3.

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 2,094 (13,113)
Citation 23

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Financial Stability, Public Good

4.

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Downloads 2,063 (13,417)
Citation 11

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
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 - Graduate School of Business and Rotterdam School of Management, Erasmus University
Downloads 1,447 (22,829)
Citation 11

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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
Imperial College London, 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 616 (74,943)
Citation 1

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net zero, carbon economy, carbon emissions, GHG

5.

A Framework for Sustainable Finance

Downloads 1,277 (27,987)
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 1,274 (27,620)
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 (1,076,331)
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corporate governance, Environmental, Short-termism, Social and Governance (ESG) Risks, Sustainable Development, Sustainable Finance

6.

A Finance Approach to Climate Stress Testing

Downloads 1,216 (30,014)
Citation 9

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 1,213 (29,631)
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 3 (1,076,331)
Citation 4
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banks, carbon tax, Climate policies, Climate stress test, contingent claims analysis

7.

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 1,206 (30,401)
Citation 1

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

8.

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 1,172 (31,717)
Citation 30

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

9.

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 1,046 (37,290)
Citation 4

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Financial Stability, Economic Integration, International Policy Coordination

10.

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 1,039 (37,640)
Citation 2

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

11.

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 1,028 (38,197)
Citation 12

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Banks, Financial Stability, Public Finance, Recapitalisation

12.

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 913 (45,099)
Citation 1

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

13.

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 890 (46,740)

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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

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 De Nederlandsche Bank
Downloads 869 (48,252)
Citation 20

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

15.

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 789 (55,059)

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Sustainable Finance, ESG Factors, Case Study

16.

What is the Appropriate Size of the Banking System?

Downloads 746 (59,380)
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 670 (67,324)
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 76 (540,519)

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banks, too-big-to-save, multinationals

17.

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 742 (59,794)
Citation 4

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Banking, International business

18.

Climate Risk Stress Testing: A Conceptual Review

Number of pages: 32 Posted: 23 Feb 2023 Last Revised: 12 Apr 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 735 (60,520)

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

19.

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 692 (65,495)
Citation 27

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

20.

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 658 (69,860)

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International Investments, Portfolio Choice, Home Bias

21.

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 564 (84,735)

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

22.

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 560 (85,510)

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

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) - Finance and Rotterdam School of Management, Erasmus University
Downloads 557 (86,095)
Citation 4

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security design, liquidity

24.

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 554 (86,644)
Citation 6

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

25.

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 530 (91,828)

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

26.

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 526 (92,462)
Citation 1

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

27.

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 501 (98,052)
Citation 9

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Financial Stability, Financial Crises, Public Good, International Banking

28.

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 495 (99,576)
Citation 16

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

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 481 (103,089)
Citation 11

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Prudential policy, financial supervision, environmental policies

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 460 (108,728)
Citation 4

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corporate finance, corporate governance, sustainability, ESG

31.

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
Dirk Schoenmaker, Willem Schramade, Jaap W. Winter and Jaap W. Winter
Rotterdam School of Management, Erasmus University, Nyenrode Business University and Vrije Universiteit AmsterdamUniversity of Amsterdam
Downloads 452 (110,942)

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Corporate governance, shareholder model, stakeholder model, sustainability

32.

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

Downloads 449 (111,768)
Citation 2

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 447 (111,233)
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 (1,084,282)
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bank capital, Covid-19 pandemic, Financial Stability, stress test

33.

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 448 (112,106)
Citation 2

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banking, bank regulation

34.

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 405 (126,121)
Citation 1

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

35.

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 396 (129,445)
Citation 5

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International Banking, Portfolio Diversification, Financial Stability

36.

Investing for Long-Term Value Creation

Downloads 383 (134,399)
Citation 11

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 383 (133,262)
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
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Active investment, adaptive markets hypothesis, engagement, ESG factors, fundamental analysis

37.

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 382 (134,779)
Citation 4

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

38.

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 368 (140,458)
Citation 12

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39.

Decision Rules for Corporate Investment

Downloads 355 (146,130)

Decision Rules for Corporate Investment

Number of pages: 17 Posted: 22 Mar 2021 Last Revised: 31 Oct 2023
Reinier De Adelhart Toorop, Dirk Schoenmaker and Willem Schramade
Impact Institue, Rotterdam School of Management, Erasmus University and Nyenrode Business University
Downloads 355 (145,091)

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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
Reinier De Adelhart Toorop, Dirk Schoenmaker and Willem Schramade
Impact Institue, Rotterdam School of Management, Erasmus University and Nyenrode Business University
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40.

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 355 (146,130)
Citation 1

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

41.

The New Banking Union Landscape in Europe: Consolidation Ahead?

Downloads 333 (156,467)
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 168 (302,613)

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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 165 (307,370)
Citation 2

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42.

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 327 (159,667)

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

43.

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 312 (167,793)

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insurance companies, international business, organisational structure

44.

Greening Monetary Policy

Downloads 300 (174,726)
Citation 21

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 299 (174,314)
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 (1,093,101)
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Assets, Carbon Emissions, Collateral, cost of capital, monetary policy

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 295 (177,914)

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supervisory structure, prudential supervision, conduct of business supervision

46.

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 283 (185,690)
Citation 2

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investment banking, corporate finance, financial regulation and supervision

47.

Do the SDGs Affect Sovereign Bond Spreads? First Evidence

Downloads 273 (192,679)

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 271 (193,082)

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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 2 (1,084,282)
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Country SDG performance, Default Risk, Sovereign credit default swaps, Sovereign credit spreads, sustainable development goals

48.

A Model of Long-Term Value Creation

Downloads 259 (203,039)
Citation 4

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 259 (202,112)
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 Nyenrode Business University
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49.

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 249 (211,084)
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Financial cycle, macroprudential regulation, financial supervision, (shadow) banking.

50.

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 211 (247,243)
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Financial Stability, Public Good, International Monetary Arrangements, International banking

51.

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 206 (252,700)
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Economic systems, sustainable development, CSR, institutional investors

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.

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

54.

Resolution of International Banks: Can Smaller Countries Cope?

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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
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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
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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

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
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Burden sharing, financial stability, public good

56.

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
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sustainable finance; transitions

57.

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
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Central banking, sustainability, monetary policy, financial stability, financial supervision

58.

Macroprudential Supervision: From Theory to Policy

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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
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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
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financial cycle, macroprudential policy, financial supervision, leverage ratio

59.

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

60.

A European Roadmap towards a Common Resolution Approach

Number of pages: 23 Posted: 15 Mar 2010
Dirk Schoenmaker
Rotterdam School of Management, Erasmus University
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Banking, Crisis resolution, Europe

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
affiliation not provided to SSRN, 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.

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

63.

European Banks Straddling Borders: Risky or Rewarding?

Downloads 140 (351,791)
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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
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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

64.

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

65.

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
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euro, monetary sovereignty, fiscal sovereignty, financial stability

66.

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
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Institutional Investors, International Investments, Portfolio Choice, Home Bias

67.

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
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Deposit insurance, Banking Union, moral hazard, risk-based premium

68.

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
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Financial Regulation; Banking Union; European Union; Banking Crisis

69.

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

70.

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
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Financial supervision, Banking Union, international banking

71.

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

72.

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

73.

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
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House Price Bubbles, Credit Bubbles, Financial Stability

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
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, 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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macroprudential regulation, market integration

75.

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, 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

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

79.

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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80.

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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81.

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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