Dirk Schoenmaker
Dirk Schoenmaker is a Non-resident Fellow at Bruegel. He specialises in banking and finance.
His research covers sustainable finance, sustainable banking, central banking, financial supervision and stability and European financial integration.
He speaks English and Dutch.
He is also a Professor of Banking and Finance at Rotterdam School of Management (RSM), Erasmus University Rotterdam and a Research Fellow at the Centre for European Policy Research. In addition to his academic positions, he is a board member and chair of the investment committee of the Pensioenfonds Zorg en Welzijn (PFZW). Before joining RSM, Dirk was Dean of the Duisenberg school of finance from 2009 to 2015. From 1998 to 2008, he served at the Netherlands Ministry of Finance. Prior to that, he served at the Bank of England. He is a regular consultant for the International Monetary Fund, the OECD and the European Commission. He holds a PhD in Economics at the London School of Economics.
Disclosure of interests
Featured work
Future-proofing and creative destruction
How EU sustainable finance can find a way forward
What could the rising weight of US firms in European asset management mean for Europe?
Risks for Europe of US dominance of global asset management
US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent
Measuring GDP at risk in the low-carbon transition
Our model provides a bird’s eye view of a country’s exposure to transition
What if central banks took the Paris Agreement seriously?
What can central banks do to take the Paris Agreement seriously?
Central banks should take a macro approach to managing system-wide risks stemming from the climate transition
How the financial sector can speed up the green transition
Is corporate finance really an obstacle to a more sustainable world?
Price stability is all about climate change
The European Central Bank should bring in cheaper greening funding for banks, to offset the impact of high interest rates on the energy transition
Low-carbon allocation in monetary policy implementation
A new integrated-value assessment method for corporate investment
To contribute more to the green transition, companies should start to make investment decisions based on integrated-value assessment.
A brown or a green European Central Bank?
The European Central Bank portfolio is skewed towards the brown economy, reflecting a bias in the market.
Can central banks save the planet?
“We are not going to lead our society to a low-carbon economy by continuing to finance the status quo. “
Green certificates: a better version of green bonds
"The current design of green bonds means they aren't fulfilling their potential. We propose an alternative: issuance of regular bonds with attached gr
Boosting the resilience of Europe’s financial system in the coronavirus crisis
Europe has a heavily bank-based financial structure, but bank-based financial structures are associated with higher systemic risk than market-based fi
The impact economy: balancing profit and impact
The impact economy model is well-positioned to find an appropriate balance across all three pillars: economic, social and environmental.
Should Denmark and Sweden join the banking Union?
Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union.
A green recovery
Government policy faces various challenges. Before the COVID-19 outbreak, the European Union set ambitious targets to reduce carbon emissions. Now in
A European approach to fund the coronavirus cost is in the interest of all
We had not seen a common challenge as clear as this pandemic. The sum of national actions and programs is likely to be insufficient.
Soaring house prices in major cities: how to spot and moderate them
This article examines whether there are regional differences in house price growth within European countries and find a stronger cyclical pattern in c
Greening monetary policy: An alternative to the ECB’s market-neutral approach
The ECB’s market-neutral approach to monetary policy undermines the general aim of the EU to achieve a low-carbon economy. An alternative tilting appr
All work
Podcast
29 April 2026
Future-proofing and creative destruction
How EU sustainable finance can find a way forward
Newsletter
13 April 2026
Policy Brief
08 April 2026
Risks for Europe of US dominance of global asset management
US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent
Working paper
25 August 2025
Measuring GDP at risk in the low-carbon transition
Our model provides a bird’s eye view of a country’s exposure to transition
Event
09 July 2025
EU Nature Restoration Law: How can EU countries restore ecosystems while balancing budgets?
What are the pathways to manage trade-offs?
Newsletter
04 November 2024
Policy Brief
30 October 2024
What can central banks do to take the Paris Agreement seriously?
Central banks should take a macro approach to managing system-wide risks stemming from the climate transition
Podcast
05 June 2024
How the financial sector can speed up the green transition
Is corporate finance really an obstacle to a more sustainable world?
First Glance
08 April 2024
Price stability is all about climate change
The European Central Bank should bring in cheaper greening funding for banks, to offset the impact of high interest rates on the energy transition
Report
14 November 2023