Dirk Schoenmaker is a Non-Resident Fellow at Bruegel. He is also a Professor of Banking and Finance at Rotterdam School of Management, Erasmus University Rotterdam and a Research Fellow at the Centre for European Policy Research (CEPR). He has published in the areas of sustainable finance, central banking, financial supervision and stability and European financial integration.
Dirk is author of ‘Governance of International Banking: The Financial Trilemma’ (Oxford University Press) and co-author of the textbooks ‘Financial Markets and Institutions: A European perspective’ (Cambridge University Press) and ‘Principles of Sustainable Finance’ (Oxford University Press). He earned his PhD in economics at the London School of Economics.
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. In the 1990s, he served at the Bank of England. He is a regular consultant for the IMF, the OECD and the European Commission.
Disclaimer of external interests
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Europe has a heavily bank-based financial structure, but bank-based financial structures are associated with higher systemic risk than market-based fi
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Government policy faces various challenges. Before the COVID-19 outbreak, the European Union set ambitious targets to reduce carbon emissions. Now in
We had not seen a common challenge as clear as this pandemic. The sum of national actions and programs is likely to be insufficient.
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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
The author proposes a tilting approach to steer the allocation of the Eurosystem’s assets and collateral towards low-carbon sectors, which would reduc
Sustainable investment is gaining momentum in Europe, but its current proposed taxonomy might hinder innovation in the field. In this Policy Contribut
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We need to move towards more sustainable, long-term thinking in the corporate and financial worlds. Coalitions of willing actors could play a role in
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English common law is the choice of law for financial contracts, even for parties in EU members with civil law systems. This creates a lucrative legal
Many voices are calling for the ESM to be developed into a fully-fledged European Monetary Fund. But what changes would this entail, and how could the
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Dirk Schoenmaker's chapter in 'The Palgrave Handbook of European Banking', a handbook that collates the expertise and research of leading academic and
As the Commission launches a review of European financial supervision, the authors argue that Europe needs to move towards a twin peaks model – dividi
Banks’ sovereign bond holdings were at the heart of the euro-sovereign crisis. The concentration of domestic bonds created a vicious cycle between gov
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The EU27 needs to upgrade its financial surveillance architecture to minimise the financial market fragmentation resulting from Brexit
House prices in the Netherlands are on the rise again. But at the local level the pattern is very uneven: house prices in major cities are rising fast
The purpose of this report is to provide a comprehensive overview of capital movements in Europe in a global context.
What are the arguments for and against centralisation of insurance supervision? What would be the scope of a possible insurance union, and what would
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The European Commission held a public hearing on the review of the eu macro-prudential framework on 7 November 2016.
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UK House of Lords EU Sub-Committee on Financial Affairs' call for evidence on the future of Financial Services in the UK following the vote to leave t
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If the UK cannot secure a ‘Norway’ deal and stay within the internal market, the UK will lose passporting rights for financial services and access to
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situation in a numbe
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Joining the banking union could provide a stable arrangement for managing financial stability for the UK and other non-Euro countries.
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The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We a