Michiel Bijlsma
Non Resident Fellow
Michiel heads the competition and regulation department at the Netherlands Bureau for Economic Policy Analysis (CPB). The sector comprises three research programs: Financial Markets, Health Care, and Innovation and Science. He has a PhD in theoretical physics from the University of Utrecht, and is a visiting fellow at Tilec, University of Tilburg. Michiel Bijlsma joined Bruegel as a visiting fellow in January 2012 and has been affiliated as a Non-Resident Fellow until 2016.
Michiel’s research is in the areas of Corporate Governance, Banking, and Health Care markets. He has co-authored popular Dutch books on the 2007-2008 financial crisis and the current European debt crisis. Prior to his work for CPB, Michiel worked as a senior economist at the Netherlands Competition Authority on high-profile cases on fee structures of debit card payment systems and as a consultant for international firms at Ernst & Young risk management.
Featured work
Who’s afraid of the AQR?
Banks have incentives to recapitalize in socially undesirable ways and to hide losses on their balance sheets. Will the comprehensive assessment solve
Cross-country insurance mechanisms in currency unions
Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union&nbs
The changing landscape of financial markets in Europe, the United States and Japan
We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.
Six lessons for Europe from the nationalization of SNS Reaal
Recently the Dutch government nationalized the Dutch financial conglomerate SNS Reaal. The intervention was the first use of the Intervention Act
All work
Event
03 November 2015
Economic governance of the EU: Quo Vadis?
This event will address topics of central interest in current EU policy debates: fiscal and competitiveness coordination, financial union and the dive
Blog post
24 October 2014
Who’s afraid of the AQR?
Banks have incentives to recapitalize in socially undesirable ways and to hide losses on their balance sheets. Will the comprehensive assessment solve
Working paper
27 March 2014
Cross-country insurance mechanisms in currency unions
Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union&nbs
Working paper
18 March 2013
The changing landscape of financial markets in Europe, the United States and Japan
We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.
Blog post
13 March 2013
Six lessons for Europe from the nationalization of SNS Reaal
Recently the Dutch government nationalized the Dutch financial conglomerate SNS Reaal. The intervention was the first use of the Intervention Act
Blog post
04 February 2013
No ringfencing makes sense, but don't take off the gloves - implementing the recommendations in the Liikanen report
Michel Barnier, European commissioner in charge of regulatory reform, has indicated implementation of the recommendations in the L
Blog post
09 November 2012
Blog post
09 November 2012
Blog post
04 September 2012
Should we worry about Target2 imbalances? Why Central Bank negative equity does and doesn’t matter
Over the past few months Germany has become the safe haven of Europe. Depositors fearing a euro break-up have moved their deposits away from the perip
Blog post
14 August 2012
Eurocrisis lessons from banking regulation: create collateral in return for support
The similarities between banks and countries in a monetary union are striking. First, like banks, countries in a monetary union can face a self-fulfil