Publications


2021
S.H. Bijkerk, S. Dominguez Martinez, J.J.A. Kamphorst & O.H. Swank (2021). Labor Market Quotas when Promotions are Signals. Journal of Labor Economics.
2020
A.F.A. Adam-Mueller & M.H.R. Erkens (2020). Risk disclosure noncompliance. Journal of Accounting and Public Policy, 39 (3). doi: 10.1016/j.jaccpubpol.2020.106739
C. Kahn & W.B. Wagner (2020). Sources of Liquidity and Liquidity Shortages. Journal of Financial Intermediation.
T. Lambert & F. Di Comite (2020). Reforming Finance under Fragmented Governments. Comparative Economic Studies, 62 (1), 105-148. doi: 10.1057/s41294-019-00108-w
H. Qi, Y. Li, J. Zhang, Y. Chen, Y.M. Guo, S. Xiao, J. Hu, W.G. Wang, W. Zhang, Y. Hu, Z. Li & Z.J. Zhang (2020). Quantifying the risk of hand, foot, and mouth disease (HFMD) attributable to meteorological factors in East China: A time series modelling study. Science of the Total Environment, 728:138548. doi: 10.1016/j.scitotenv.2020.138548
H.C. Qi, S. Xiao, R.Y. Shi, M.P. Ward, Y. Chen, W. Tu, Q. Su, W.G. Wang, X. Wang & Z.J. Zhang (2020). COVID-19 transmission in Mainland China is associated with tempera- ture and humidity: A time -series analysis. Science of the Total Environment, 728:138778. doi: 10.1016/j.scitotenv.2020.138778
W.B. Wagner (2020). Variable Annuities and Systemic Risk. Réalités Industrielles - Annales des Mines.
2019
W.B. Wagner (2019). Is cross-border co-operation in bank supervision effective? RSM Discovery - Management Knowledge. [go to publisher's site]
V.V. Acharya, T. Eisert, C. Eufinger & C. Hirsch (2019). Whatever It Takes: The Real Effects of Unconventional Monetary Policy. The Review of Financial Studies, 32 (9), 3366-3411. doi: 10.1093/rfs/hhz005 [go to publisher's site]
F. Ahmad & T. Lambert (2019). Collective Bargaining and Mergers and Acquisitions Activity around the World. Journal of Banking and Finance, 99, 21-44. doi: 10.1016/j.jbankfin.2018.11.010
P. Belleflamme, T. Lambert & A. Schwienbacher (2019). Effets de réseau et financement participatif : une analyse empirique. In François Moreau & Yann Nicolas (Eds.), Financement participative : une voie d'avenir pour la culture ? (pp. 23-46) Paris: Presses de Sciences Po
Y. Chen & F.P.L. Ward (2019). When do fixed exchange rates work? Evidence from the Gold Standard. Journal of International Economics, 116, 158-172. doi: 10.1016/j.jinteco.2018.11.003 [go to publisher's site]
T. Eisert & C. Eufinger (2019). Interbank Networks and Backdoor Bailouts: Benefiting from other Banks’ Government Guarantees. Management Science, 65 (8), 3673-3693. doi: 10.1287/mnsc.2017.2968
D. Igan & T. Lambert (2019). Bank Lobbying: Regulatory Capture and Beyond. In Emilios Avgouleas & David Donald (Eds.), The Political Economy of Financial Regulation (pp. 129-159). Cambridge: Cambridge University Press [go to publisher's site]
O. Jorda, M. Schularick, A.M. Taylor & F.P.L. Ward (2019). Global financial cycles and risk premiums. IMF Economic Review, 67 (1), 109-150. doi: 10.3386/w24677 [go to publisher's site]
T. Beck, C. Buston Silva & W.B. Wagner (2019). The effectiveness of cross-border cooperation in banking supervision. VoxEU.org.
2018
V.V. Acharya, T. Eisert, C. Eufinger & C. Hirsch (2018). Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans. The Review of Financial Studies, 31 (8), 2855-2896. doi: 10.1093/rfs/hhy045
V. Acharya, T. Eisert, C. Eufinger & C. Hirsch (2018). Same Story, Different Place? Post-Crisis Recapitalization of Banks in Japan and Europe. In C. Mayer, S. Micossi, M. Onado, M. Pagano & A. Polo (Eds.), Finance and Investment: The European Case. Oxford: Oxford University Press
S.H. Bijkerk, V. Karamychev & O.H. Swank (2018). When Words are not Enough. Journal of Economic Behavior and Organization, 149, 294-314. doi: 10.1016/j.jebo.2018.03.009
H. Degryse, T. Lambert & A. Schwienbacher (2018). The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries. The Economic Journal, 128 (611), 1433-1475. doi: 10.1111/ecoj.12459
M.H.R. Erkens, Y. Gan & B. Yurtoglu (2018). Not all clawbacks are the same: Consequences of strong vs. weak clawback provisions. Journal of Accounting and Economics, 66 (1), 291-317. doi: 10.1016/j.jacceco.2018.06.002
T. Lambert, A.A. Ralcheva & P.G.J. Roosenboom (2018). The crowd-entrepreneur relationship in start-up financing. In Cumming, D. & Hornhuf, L. (Eds.), The Economics of Crowdfunding (pp. 57-78). London: Palgrave Macmillan
T. Lambert & P. Volpin (2018). Endogenous Political Institutions and Financial Development. In T. Beck & R. Levine (Eds.), Handbook of Finance and Development (pp. 477-500). London: Edward Elgar
J. Voget, W.B. Wagner & H. Huizinga, Harry (2018). Capital gains taxation and the cost of capital: Evidence from unanticipated cross-border transfers of tax base. Journal of Financial Economics, 129 (2), 306-328. doi: 10.1016/j.jfineco.2018.04.014
T. Beck, C. Buston Silva & W.B. Wagner (2018). The economics of supranational bank supervision. VoxEU.org.
A. Ellul, C. Jotikasthira, W.B. Wagner, A. Kartasheva & C. Lundblad (2018). Insurers as asset managers and systemic risk. VoxEU.org.
T. Lambert, E. Zhang & W.B. Wagner (2018). Lobbying and the efficiency of bank sales. VoxEU.org.
V. Volosovych & J.T.J. Smit (2018). Leverage Driven Secondary Buyouts.
2017
W.B. Wagner (2017). How to regulate international banks. RSM Discovery - Management Knowledge, 32 (4), 11-13.
A.C. Bertay, D. Gong & W.B. Wagner (2017). Securitization and economic activity: The credit composition channel. Journal of Financial Stability, 28 (February), 225-239. doi: 10.1016/j.jfs.2016.01.010
B. Horvath & W.B. Wagner (2017). The Disturbing Interaction between Countercyclical Capital Requirements and Systemic Risk. Review of Finance, 21 (4), 1485.
C.S. Pfeil, N. Klimenko & J.C. Rochet (2017). A simple macroeconomic model with extreme financial frictions. Journal of Mathematical Economics, 86, 92-102. doi: 10.1016/j.jmateco.2016.04.002
M.H.R. Erkens, Y. Gan & H. Stolowy (2017). Welcome back? CEO-Appointments.
C. Fons-Rosen, S. Kalemli-Ozcan, B. Sorensen, C. Villegas-Sanchez & V. Volosovych (2017). Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects. NBER Working Paper 23643.
2016
P. Belleflamme & T. Lambert (2016). An Industrial Organization Framework to Understand the Strategies of Crowdfunding Platforms. In J. Meric, J. Brabet & I. Maque (Eds.), International Perspectives on Crowdfunding (pp. 1-19). Emerald
K. Cerrada, Y. De Ronge, M. De Wolf, L. Decaux, Y. de Harlez & T. Lambert (2016). Comptabilité et analyse des états financiers. Principes, applications et exercices. Paris: De Boeck
M.H.R. Erkens (2016). Disclosure Behavior of European Firms around the Adoption of IFRS. Wiesbaden: Springer
W.B. Wagner & T.H.L. Beck (2016). Supranational Supervision - How Much and for Whom? International Journal of Central Banking, 12 (2), 221-268.
2015
M.H.R. Erkens, L. Paugam & H. Stolowy (2015). Non-financial information: State of the art and research perspectives based on a bibliometric study. Comptabilité - Contrôle - Audit, 21 (3), 13-90. doi: 10.3917/cca.213.0015
T. Jeanjean, H. Stolowy, M.H.R. Erkens & T.L. Yohn (2015). International evidence on the impact of adopting English as an external reporting language. Journal of International Business Studies, 46 (2), 180-205. doi: 10.1057/jibs.2014.33
I. Marsh & W.B. Wagner (2015). News‐Specific Price Discovery in Credit Default Swap Markets. Financial Management.
Y. Dai & M.H.R. Erkens (2015). Expectation management around lockup expiration.
S. Kalemli-Ozcan, B. Sorensen, C. Villegas-Sanchez, V. Volosovych & S. Yesiltas (2015). How to Construct Nationally Representative Firm Level Data from the ORBIS Global Database.
2014
P. Belleflamme & T. Lambert (2014). Crowdfunding: Some Empirical Findings and Microeconomic Underpinnings. Bank- en Financiewezen = Revue Bancaire et Financiere, 4, 288-296.
T. Lambert & G. Tesolin (2014). Evolution et structure de l’actionnariat bruxellois. Bank- en Financiewezen = Revue Bancaire et Financiere, 5, 409-422.
L. Alfaro, S. Kalemli-Ozcan & V. Volosovych (2014). Sovereigns, Upstream Capital Flows and Global Imbalances. Journal of the European Economic Association, 12 (5), 1240-1284. doi: 10.1111/jeea.12106
P. Belleflamme, T. Lambert & A. Schwienbacher (2014). Crowdfunding: Tapping the Right Crowd. Journal of Business Venturing, 29 (5), 585-609. doi: 10.1016/j.jbusvent.2013.07.003
L. Decaux, Y. de Harlez & T. Lambert (2014). Comptabilité et analyse des états financiers. Exercices et corrigés. Brussels: De Boeck
H.P. Huizinga, J. Voget & W.B. Wagner (2014). International Taxation and Cross-Border Banking. American Economic Journal. Economic Policy, 6 (2), 94-125. doi: 10.1257/pol.6.2.94
S. Kalemli-Ozcan, B. Sorensen & V. Volosovych (2014). Deep Financial Integration and Volatility. Journal of the European Economic Association, 12 (6), 1558-1585. doi: 10.1111/jeea.12089
L. Norden, C. Buston & W.B. Wagner (2014). Financial innovation and bank behavior: Evidence from credit markets. Journal of Economic Dynamics and Control.
M. Sahm, P. Belleflamme, T. Lambert & A. Schwienbacher (2014). Corrigendum to Crowdfunding: Tapping the Right Crowd. Journal of Business Venturing, 29 (5), 610-611. doi: 10.1016/j.jbusvent.2014.06.001
W.B. Wagner (2014). Unintended consequences of macroprudential policies. In Macroprudentialism (pp. 105-113). London: CEPR Press
M.H.R. Erkens, Y. Gan & B. Yurtoglu (2014). Firm-Level Heterogeneity of Clawback Provisions.
Y. Gan (2014, augustus 25). Essays on Clawback Provisions. WHU - Otto Beisheim School of Management Prom./coprom.: .
2013
T.H.L. Beck, R.I. Todorov & W.B. Wagner (2013). Supervising cross-border banks. Economic Policy, 28 (73), 5-44.
P. Belleflamme, T. Lambert & A. Schwienbacher (2013). Individual Crowdfunding Practices. Venture Capital, 15 (4), 313-333. doi: 10.1080/13691066.2013.785151
F. Castiglionesi & W.B. Wagner (2013). On the efficiency of bilateral interbank insurance. Journal of Financial Intermediation, 22 (2), 177-200. doi: 10.1016/j.jfi.2012.07.002
C.S. Pfeil & R. Inderst (2013). Securitization and compensation in financial institutions. Review of Finance, 17 (4), 1232-1364. doi: 10.1093/rof/rfs032
D. Schoenmaker & W.B. Wagner (2013). Cross-border Banking in Europe and Financial Stability. International Finance, 16 (1), 1-22. doi: 10.1111/j.1468-2362.2013.12026.x
W.B. Wagner (2013). Performance evaluation and financial market runs. Review of Finance, 17 (2), 597-624.
F.P.L. Ward & M. Binder (2013). The Structure of Subjective Well‐being: A Vector Autoregressive Approach. Metroeconomica (Bologna), 64 (2). [go to publisher's site]
Y. Adema & V. Volosovych (2013). Information content of sovereign credit ratings.
C. Fons-Rosen, S. Kalemli-Ozcan, B. Sorensen, C. Villegas-Sanchez & V. Volosovych (2013). Quantifying Productivity Gains from Foreign Investment. NBER Working Paper 18920.
2012
F. Castiglionesi & W.B. Wagner (2012). Turning Bagehot on his head. Journal of Money, Credit, and Banking, 44 (1), 201-219. doi: 10.1111/j.1538-4616.2011.00473.x
H.P. Huizinga, J. Voget & W.B. Wagner (2012). Who bears the burden of international taxation? Evidence from cross-border M&As. Journal of International Economics, 88 (1), 186-197. doi: 10.1016/j.jinteco.2012.02.013
M. Knaup & W.B. Wagner (2012). A market-based measure of credit quality and bank performance during the subprime crisis. Management Science, 58 (8), 1423-1437. doi: 10.1287/mnsc.1110.1501
M. Knaup & W.B. Wagner (2012). Forward-looking tail risk exposures at US bank holding companies. Journal of Financial Services Research, 42 (1-2), 35-54. doi: 10.1007/s10693-012-0131-5
D. Pfajfar, G. Sgro & W.B. Wagner (2012). Are alternative currencies a substitute or a complement to fiat money? Evidence from cross-country data. International Journal of Community Currency Research, 16 (D), 45-56.
S.H. Bijkerk (2012, december 20). Coping with Credit Risk: Essays on defaulted bonds, asset based lending and provisioning for loan losses by financial institutions. Erasmus University Rotterdam (178 pag.) (Rotterdam: Erasmus School of Economics) Prom./coprom.: prof.dr. C.G. de Vries, Dr. A. Lucas, prof.dr. M. Pronk & prof.dr. J. Swank.
M.H.R. Erkens (2014, oktober 9). Disclosure Incentives, Enforcement, and Culture. Trier University Prom./coprom.: A.F.A. Adam-Mueller.
2011
F. Allen, T.H.L. Beck, E. Carletti, P. Lane, D. Schoenmaker & W.B. Wagner (2011). Cross-Border Banking in Europe. Londen: CEPR
V. Volosovych (2011). Financial Market Integration Over the Long Run: Is there a U-shape? Journal of International Money and Finance, 30 (7), 1535-1561. doi: 10.1016/j.jimonfin.2011.07.011
W.B. Wagner (2011). Systemic liquidation risk and the diversity-diversification trade-off. The Journal of Finance, 66 (4), 1141-1175. doi: 10.1111/j.1540-6261.2011.01666.x
W.B. Wagner & R.G.M. Nijskens (2011). Credit risk transfer activities and systemic risk. Journal of Banking and Finance, 35 (6), 1391-1398. doi: 10.1016/j.jbankfin.2010.10.001
2010
S.C.W. Eijffinger & W.B. Wagner (2010). Incentive constraints and the pattern of international risk sharing. Journal of International Money and Finance, 29 (7), 1206-1225. doi: 10.1016/j.jimonfin.2010.06.002
F.K. Hoffmann & C.S. Pfeil (2010). Reward for luck in a dynamic agency model. The Review of Financial Studies, 23 (9), 3329-3345. doi: 10.1093/rfs/hhq062
C.S. Pfeil & F. Hoffmann (2010). Reward for luck in a dynamic agency model. The Review of Financial Studies, 23 (9), 3329-3345. doi: 10.1093/rfs/hhq062
W.B. Wagner (2010). Divestment, entrepreneurial incentives and the life cycle of the firm. Journal of Business Finance and Accounting, 37 (5-6), 591-611. doi: 10.1111/j.1468-5957.2010.02184.x
W.B. Wagner (2010). Loan market competition and bank risk taking. Journal of Financial Services Research, 37 (1), 71-81. doi: 10.1007/s10693-009-0073-8
W.B. Wagner (2010). In the quest of systemic externalities. CESifo Economic Studies, 56 (1), 96-111. doi: 10.1093/cesifo/ifp022
W.B. Wagner (2010). Diversification at financial institutions and systemic crises. Journal of Financial Intermediation, 19 (3), 373-386. doi: 10.1016/j.jfi.2009.07.002
2009
F. Fecht & W.B. Wagner (2009). The marketability of bank assets and managerial rents. Journal of Financial Stability, 5 (3), 272-282. doi: 10.1016/j.jfs.2009.05.002
W.B. Wagner (2009). Banking fragility and liquidity creations. Annals of Finance, 5 (1), 125-129. doi: 10.1007/s10436-008-0095-5
W.B. Wagner (2009). Efficient asset allocations in the banking sector and financial regulation. International Journal of Central Banking, 5 (1), 75-95.
2008
L. Alfaro, S. Kalemli-Ozcan & V. Volosovych (2008). Why Doesn't Capital Flow From Rich To Poor Countries: An Empirical Investigation. The Review of Economics and Statistics, 90 (2), 347-368. doi: 10.1162/rest.90.2.347
Y. Demyanyk & V. Volosovych (2008). Gains from Financial Integration in the European Union: Evidence for New and Old Members. Journal of International Money and Finance, 27 (2), 277-294. doi: 10.1016/j.jimonfin.2007.12.011
S.C.W. Eijffinger & W.B. Wagner (2008). Efficiency of capital taxation in an open economy. International Tax and Public Finance, 15 (6), 636-646. doi: 10.1007/s10797-008-9087-7
L. Norden & W.B. Wagner (2008). Credit derivatives and loan pricing. Journal of Banking and Finance, 32 (12), 2560-2569. doi: 10.1016/j.jbankfin.2008.05.006
W.B. Wagner (2008). The homgenization of the financial system and liquidity crises. Journal of Financial Intermediation, 17 (3), 330-356.
2007
L. Alfaro, S. Kalemli-Ozcan & V. Volosovych (2007). Capital Flows in a Globalized World: The Role of Policies and Institutions. In S. Edwards (Ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences (National Bureau of Economic Research Conference Report) (pp. 19-68). Chicaro, IL: The University of Chicago Press
W.B. Wagner (2007). The liquidity of bank assets and banking stability. Journal of Banking and Finance, 31 (1), 121-139. doi: 10.1016/j.jbankfin.2005.07.019
W.B. Wagner (2007). International risk sharing and government moral hazard. Open Economies Review, 18 (5), 577-598. doi: 10.1007/s11079-007-9006-z
W.B. Wagner (2007). Aggregate liquidity shortages, idiosyncratic liquidity smoothing and banking regulation. Journal of Financial Stability, 3 (1), 18-32. doi: 10.1016/j.jfs.2007.01.001
W.B. Wagner (2007). Financial development and the opacity of banks. Economics Letters, 97 (1), 6-10. doi: 10.1016/j.econlet.2007.02.006
2006
R. Calcagno & W.B. Wagner (2006). Dispersed initial ownership and the efficiency of the stock market under moral hazard. Journal of Mathematical Economics, 42 (1), 36-45. doi: 10.1016/j.jmateco.2004.11.003
M. Knaup & W.B. Wagner (2006). The implications of performance evaluation for the stability of financial markets. FSR Forum, 9, 29-35.
W.B. Wagner & I. Marsh (2006). Credit risk transfer and financial sector stability. Journal of Financial Stability, 2 (2), 173-193. doi: 10.1016/j.jfs.2005.11.001
2004
K. Alexander & W.B. Wagner (2004). Excess capital. The Financial Regulator, 9 (3), 58-63.
I. Marsh & W.B. Wagner (2004). Safety features for credit derivatives. The Financial Regulator, 9 (1), 38-43.
2002
S.C.W. Eijffinger & W.B. Wagner (2002). Taxation if Capital is Not Perfectly Mobile. St. Louis: Economic Policy Research Unit (EPRU)
2001
S.C.W. Eijffinger & W.B. Wagner (2001). The Feasible Gains from International Risk Sharing. St. Louis: CEPR