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.
H.C. 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. 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
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
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 & 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
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
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). In the quest of systemic externalities. CESifo Economic Studies, 56 (1), 96-111. doi: 10.1093/cesifo/ifp022
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). Diversification at financial institutions and systemic crises. Journal of Financial Intermediation, 19 (3), 373-386. doi: 10.1016/j.jfi.2009.07.002
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
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). Efficient asset allocations in the banking sector and financial regulation. International Journal of Central Banking, 5 (1), 75-95.
W.B. Wagner (2009). Banking fragility and liquidity creations. Annals of Finance, 5 (1), 125-129. doi: 10.1007/s10436-008-0095-5
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). Financial development and the opacity of banks. Economics Letters, 97 (1), 6-10. doi: 10.1016/j.econlet.2007.02.006
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). 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). 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
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