W.B. (Wolf) Wagner

Full Professor
RSM - Rotterdam School of Management
Erasmus University Rotterdam
Fellow ERIM
Field: Finance & Accounting
Affiliated since 2015

Wolf Wagner is a Professor of Finance at the Rotterdam School of Management and a fellow of CEPR. He is also a member of ERIM, EBC and a Senior Member of TILEC. His work has been published in various academic journals, such as the Journal of Finance, the Review of Finance, Management Science, the Journal of Money, Credit, and Banking, the Journal of International Economics and the Journal of Financial Intermediation.

Wolf Wagner's work focuses on banking and financial markets. Key themes in his research are the wider implications of financial innovation for the efficiency and stability of the financial system, as well as the role of diversity in creating a more resilient economy. Recent interests include the impact of systemic liquidation risk on asset prices, macroprudential policies, and the joint banking and sovereign debt crisis in the Eurozone.

See Wolf Wagner's personal sites for more information.

  • F. Allen, T.H.L. Beck, E. Carletti, P. Lane, D. Schoenmaker & W.B. Wagner (2011). Cross-Border Banking in Europe. Londen: CEPR
  • S.C.W. Eijffinger & W.B. Wagner (2002). Taxation if Capital is Not Perfectly Mobile. St. Louis: Economic Policy Research Unit (EPRU)
  • S.C.W. Eijffinger & W.B. Wagner (2001). The Feasible Gains from International Risk Sharing. St. Louis: CEPR
  • W.B. Wagner (2014). Unintended consequences of macroprudential policies. In Macroprudentialism (pp. 105-113). London: CEPR Press
  • W.B. Wagner (2002, juni 14). Risk sharing under incentive constraints. Tilburg University (Tilburg) Prom./coprom.: Prof.Dr. S.C.W. Eijffinger.
  • W.B. Wagner (2017). How to regulate international banks. RSM Discovery - Management Knowledge, 32 (4), 11-13.

Editorial positions

  • Journal of Financial Stability

    Associate Editor

  • Journal of International Money and Finance

    Associate Editor

  • Economic Policy

    Associate Editor

Banking and financial intermediation

The crisis of 2007-2008 has revealed a deep lack of understanding of the sources of fragility in the financial system. For example, regulation of the banking sector was tailored to prevent isolated bank failures, while ignoring the impact of such regulation on aggregate markets. Similarly, there was a severe lack of understanding of other, unregulated parties offering financial intermediation services, such as credit rating agencies, hedge funds, etc. Now several years after the crisis, new financial intermediaries arise that largely depend on information technology and big-data (Fintech). Understanding whether these parties engage in regulatory arbitrage or provide meaningful new or more efficient services than existing banks will be important for the future of this sector. The same holds for, understanding how existing banks may respond to such competitive threats.

 

In this project, which is an umbrella for several potential projects, a number of alternative research problems are collected that provide additional insight into the role of banks and other financial intermediaries in the economy at large. Projects can be of theoretical or empirical nature. Projects at the boundary of financial intermediation and asset pricing or financial intermediation and corporate finance are also possible and even encouraged. Empirical projects can draw on the wide range of databases that is available at Erasmus University, including data on international stock prices, bank balance sheets, institutional ownership, mutual fund and hedge fund performance. Key questions are identified and investigated using appropriate and, where necessary, innovative econometric and/or micro-economic techniques. The first year of the project will be used to get acquainted with potential supervisors and to identify concrete research topics. During the entire project, three or four papers will be written, potentially with different supervisors, which jointly constitute the PhD thesis. 

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Address

Visiting address

Office: Mandeville Building T08-31
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Latest publication

W.B. Wagner (2017). How to regulate international banks. RSM Discovery - Management Knowledge, 32 (4), 11-13.