prof.dr. D. (Dirk) Schoenmaker

Dirk Schoenmaker
Rotterdam School of Management (RSM)
Erasmus University Rotterdam
Member ERIM
Field: Finance & Accounting
Affiliated since 2015

Dirk Schoenmaker is Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University Rotterdam. His research and teaching focus on the areas of sustainable finance, central banking and financial stability, financial system architecture and European financial integration. He is regular speaker at academic and professional conferences.

Dirk Schoenmaker is also a Research Fellow at the Centre for European Policy Research (CEPR). He is co-author of the textbooks 'Principles of Sustainable Finance' (Oxford University Press) and ‘Financial Markets and Institutions: A European perspective' (Cambridge University Press) and author of ‘Governance of International Banking: The Financial Trilemma’ (Oxford University Press). He earned his PhD in economics at the London School of Economics.

Before joining RSM, he 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.

Publications

Article (35)

  • Academic (30)

    • Kennedy, S., Fuchs, M., van Ingen, W., & Schoenmaker, D. (2023). A resilience approach to corporate biodiversity impact measurement. Business Strategy and the Environment, 32(5), 2567-2582. https://doi.org/10.1002/bse.3140

    • Pazienza, M., de Jong, M., & Schoenmaker, D. (2023). Why Corporate Sustainability Is Not Yet Measured. Sustainability (Switzerland), 15(7), Article 6275. https://doi.org/10.3390/su15076275

    • Schoenmaker, D., & Stegeman, H. (2023). Can the Market Economy Deal with Sustainability? Economist (Netherlands), 171(1), 25-49. https://doi.org/10.1007/s10645-022-09416-6

    • Reinders, H. J., Schoenmaker, D., & van Dijk, M. (2023). A finance approach to climate stress testing. Journal of International Money and Finance, 131, Article 102797. https://doi.org/10.1016/j.jimonfin.2022.102797

    • Schoenmaker, D., Schramade, W., & Winter, J. (2023). Corporate Governance Beyond the Shareholder and Stakeholder Model. Erasmus Law Review, 2023(1). https://doi.org/10.5553/ELR.000237

    • Pazienza, M., de Jong, M., & Schoenmaker, D. (2022). Clarifying the Concept of Corporate Sustainability and Providing Convergence for Its Definition. Sustainability (Switzerland), 14(13), Article 7838. https://doi.org/10.3390/su14137838

    • Kurznack, L., Schoenmaker, D., & Schramade, W. (2021). A Model of Long-Term Value Creation. Journal of Sustainable Finance & Investment, 11. https://doi.org/10.1080/20430795.2021.1920231

    • Schoenmaker, D. (2021). Greening Monetary Policy. Climate Policy, 21(4), 581-592. https://doi.org/10.1080/14693062.2020.1868392

    • Duijm, P., & Schoenmaker, D. (2021). European banks straddling borders: Risky or rewarding? Finance Research Letters, 38, Article 101525. https://doi.org/10.1016/j.frl.2020.101525

    • Duijm, P., & Schoenmaker, D. (2020). Data on cross-border exposures of 61 largest European banks. Data in Brief, 30, Article 105613. https://doi.org/10.1016/j.dib.2020.105613

    • Schoenmaker, D. (2020). Trans-Tasman cooperation in banking supervision and resolution. Journal of Banking Regulation, 21(1), 15-25. https://doi.org/10.1057/s41261-018-0086-z

    • Hougaard Jensen, SE., & Schoenmaker, D. (2020). Should Denmark and Sweden Join the Banking Union? Journal of Financial Regulation, 6(2), 317-326. https://doi.org/10.1093/jfr/fjaa005

    • Schoenmaker, D. (2020). Een financiële sector ten dienste van een duurzame economie. Tijdschrift voor Financieel Recht, 10.

    • Schoenmaker, D., & Schramade, W. (2019). Investing for long-term value creation. Journal of Sustainable Finance and Investment, 9(4), 356-377. https://doi.org/10.1080/20430795.2019.1625012

    • Schoenmaker, D. (2018). Resolution of international banks: Can smaller countries cope? International Finance, 21(1), 39-54. https://doi.org/10.1111/infi.12123

    • Schoenmaker, D. (2017). What happened to global banking after the crisis? Journal of Financial Regulation and Compliance, 25(3), 241-252. https://doi.org/10.1108/JFRC-01-2017-0010

    • Schoenmaker, D., & Wierts, P. (2016). Macroprudential Supervision: From Theory to Policy. National Institute Economic Review, 235(1), 50-62. https://doi.org/10.1177/002795011623500115

    • Schoenmaker, D., & Sass, J. (2016). Cross-border Insurance in Europe: Challenges for Supervision. The Geneva Papers on Risk and Insurance. Issues and Practice, 41(3), 351-377. https://doi.org/10.1057/gpp.2015.35

    • Schoenmaker, D., & Van Tilburg, R. (2016). What Role for Financial Supervisors in Addressing Environmental Risks? Comparative Economic Studies, 58(3), 317-334. https://doi.org/10.1057/ces.2016.11

    • Goodhart, C., & Schoenmaker, D. (2016). The Global Investment Banks are now all Becoming American: Does that Matter for Europeans? Journal of Financial Regulation, 2(2), 163-181. https://doi.org/10.1093/jfr/fjw012

    • Schoenmaker, D. (2015). Regulatory Capital: Why Is It Different? Accounting and Business Research, 45(4), 468-483. https://doi.org/10.1080/00014788.2015.1030961

    • Schoenmaker, D., & Wierts, P. (2015). Regulating the Financial Cycle: An Integrated Approach with a Leverage Ratio. Economics Letters, 136, 70-72. https://doi.org/10.1016/j.econlet.2015.08.020

    • Schoenmaker, D., & Siegmann, A. (2014). Can European Bank Bailouts Work? Journal of Banking and Finance, 2014(48), 334-349. https://doi.org/10.1016/j.jbankfin.2013.03.025

    • Gros, D., & Schoenmaker, D. (2014). European Deposit Insurance and Resolution in the Banking Union. Journal of Common Market Studies (JCMS), 52(3), 529-546. https://doi.org/10.1111/jcms.12124

    • Avgouleas, E., Goodhart, C., & Schoenmaker, D. (2013). Bank Resolution Plans as a Catalyst for Global Financial Reform. Journal of Financial Stability, 9(2), 210-218. https://doi.org/10.1016/j.jfs.2011.12.002

    • Schoenmaker, D., & Wagner, W. (2013). Cross-border Banking in Europe and Financial Stability. International Finance, 16(1), 1-22. https://doi.org/10.1111/j.1468-2362.2013.12026.x

    • de Vries, C., Slijkerman, J., & Schoenmaker, D. (2013). Systemic Risk and Diversification across European Banks and Insurers. Journal of Banking and Finance, 37(3), 773-785. https://doi.org/10.1016/j.jbankfin.2012.10.027

    • Schoenmaker, D. (2011). The Financial Trilemma. Economics Letters, 2011(111), 57-59. https://doi.org/10.1016/j.econlet.2011.01.010

    • Goodhart, C., & Schoenmaker, D. (2009). Fiscal Burden Sharing in Cross-Border Banking Crises. International Journal of Central Banking, 5(1), 141-165.

    • Kremers, JJM., Kroes, TRJ., & Schoenmaker, D. (2000). Reforming financial supervision: experiences from the Netherlands. OECD Financial Markets Trends, 75, 159-169.

  • Popular (3)

    • Boot, AM., Schoenmaker, D., van Wijnbergen, S., Baarsma, B., Jacobs, B., Benink, H., & et, AL. (2020). Een Europese Aanpak is ook in ons Belang. De Volkskrant.

    • Jacobs, B., Schoenmaker, D., Bovenberg, AL., & et al., . (2012). Zes Stappen naar een Betere Woningmarkt. De Volkskrant, 23 febr.

    • Jacobs, B., Bovenberg, AL., Schoenmaker, D., & et al, . (2012). Een Betere Woningmarkt in Zes Stappen. Me Judice, 23 febr.

  • Professional (2)

    • Schoenmaker, D., & Schramade, W. (2020). Incorporating Sustainability into Corporate Finance. Corporate Finance, (07-08), 242-247.

    • Schoenmaker, D. (2015). The new Banking Union Landscape in Europe: Consolidation Ahead? The Journal of Financial Perspectives, 3(2), 189-201.

Book (16)

  • Academic (6)

    • Schoenmaker, D., & Schramade, W. (2023). Corporate Finance for Long-Term Value. https://link.springer.com/book/10.1007/978-3-031-35009-2

    • de Haan, J., Schoenmaker, D., & Wierts, P. (2020). Financial Markets and Institutions: A European Perspective. Cambridge University Press. 4th edition

    • Schoenmaker, D., & Schramade, W. (2019). Principles of Sustainable Finance. Oxford University Press. http://hdl.handle.net/1765/113921

    • de Haan, J., Oosterloo, S., & Schoenmaker, D. (2015). Financial Markets and Institutions: A European Perspective. Cambridge University Press.

    • Schoenmaker, D. (2013). Governance of International Banking: The Financial Trilemma. Oxford University Press.

    • Allen, F., Beck, THL., Carletti, E., Lane, P., Schoenmaker, D., & Wagner, W. (2011). Cross-Border Banking in Europe. CEPR.

  • Professional (10)

    • Schoenmaker, D. (2020). THE IMPACT ECONOMY: BALANCING PROFIT AND IMPACT. (Working Paper 2020-04 ed.) Bruegel. Working Paper Vol. 2020-04

    • Loorbach, D., Schoenmaker, D., & Schramade, W. (2020). Finance in transition: principles for a positive finance future. Rotterdam School of Management (RSM), EUR. http://hdl.handle.net/1765/131874

    • Bongaerts, D., & Schoenmaker, D. (2020). Green certificates: a better version of green bonds. (Policy Contribution 2020-20 ed.) Bruegel. Policy Contribution Vol. 2020-20

    • Schoenmaker, D. (2019). Greening Monetary Policy. (Working Paper 2019-02 ed.) Bruegel. Working Paper Vol. 2019-02

    • Sapir, A., Schoenmaker, D., & Veron, N. (2017). Making the best of Brexit for the EU27 financial system. (Bruegel Policy Brief 2017/01 ed.) Bruegel. Bruegel Policy Brief Vol. 2017/01 http://hdl.handle.net/1765/98429

    • Batsaikhan, U., Kalcik, R., & Schoenmaker, D. (2017). Brexit and the European financial system: mapping markets, players and jobs. (Policy Contribution Issue No 4 / 2017 ed.) Bruegel. Policy Contribution Vol. Issue No 4 / 2017 http://hdl.handle.net/1765/98430

    • Schoenmaker, D., & Darvas, Z. (2017). Institutional investors and home bias in Europe’s Capital Markets Union. (Working Paper 2017/02 ed.) Bruegel. Working Paper Vol. 2017/02 http://hdl.handle.net/1765/98431

    • Schoenmaker, D. (2017). From Risk to Opportunity: A Framework for Sustainable Finance. Rotterdam School of Management (RSM), EUR. RSM Series on Positive Change http://hdl.handle.net/1765/101671

    • Schoenmaker, D., & Van Tilburg, R. (2016). FINANCIAL RISKS AND OPPORTUNITIES IN THE TIME OF CLIMATE CHANGE. (Bruegel Policy Brief Issue 2016/02 ed.) Bruegel. Bruegel Policy Brief Vol. Issue 2016/02 http://hdl.handle.net/1765/93228

    • Schoenmaker, D., & Veron, N. (2016). European Banking Supervision: The First Eighteen Months. Bruegel. http://hdl.handle.net/1765/93227

Book editing (1)

  • Academic (1)

    • Schoenmaker, D. (2020). The Economics of Banking. Edward Elgar Publishing.

Chapter (3)

Digital or Visual Products (1)

  • Professional (1)

    • Schoenmaker, D. (Author). (2020). A Social Licence to Operate for Business and Finance. Digital or Visual Products, Rotterdam School of Management (RSM), EUR.

Report (2)

  • Academic (1)

    • Slijkerman, J., Schoenmaker, D., & de Vries, C. (2005). Risk Diversification by European Financial Conglomerates. (Discussion Paper 05-110/2 ed.) Tinbergen Institute. Discussion Paper Vol. 05-110/2

  • Professional (1)

    • de Jong, A., Schoenmaker, D., Gruenwald, M., & Pala, A. (2018). Large Shareholders in Corporate Governance. Rotterdam School of Management (RSM), EUR. http://hdl.handle.net/1765/104215

Research case (1)

  • Academic (1)

    • Yue, T., Schoenmaker, D., Mulder, A., Moolenaar, SW., Geoffroy, M. C., & Arellano Geoffroy, P., (2019). Sustainable Finance for Landscape Restoration in Spain

Working paper (1)

  • Academic (1)

    • Cosemans, M., & Schoenmaker, D. (2022). Carbon Bias in Index Investing. Rotterdam School of Management (RSM), EUR. Advance online publication. https://doi.org/10.2139/ssrn.4016221

PhD Tracks (11)

International stock markets: Essays on the determinants and consequences of financial market development
  • Role: Member Doctoral Committee
  • PhD Candidate: Jose Albuquerque de Sousa
  • Time frame: 2014 - 2019
The impact of country SDG performance on sovereign bond spreads
  • Role: Promotor, Daily Supervisor
  • PhD Candidate: Eline ten Bosch
  • Time frame: 2019 -
Climate Risk and Sustainable Investing
  • Role: Promotor
  • PhD Candidate: Marloes Hagens
  • Time frame: 2022 -
PhD in Finance
  • Role: Promotor
  • PhD Candidate: Francesca Caucci
  • Time frame: 2022 -
Values in Finance
  • Role: Promotor
  • PhD Candidate: Koen Jan Leendert van den Bosch
  • Time frame: 2022 -
Rewriting Capitalism: World Value per Share. How to systematically implement sustainable practices into managerial decision making
  • Role: Promotor
  • PhD Candidate: Mariapia Pazienza
  • Time frame: 2020 -
Parttime PhD programme
  • Role: Promotor
  • PhD Candidate: Dan Raghoonundon
  • Time frame: 2020 -
Parttime PhD programme
Parttime PhD programme
  • Role: Promotor
  • PhD Candidate: Annebeth Roor
  • Time frame: 2020 -
Trade-Offs in Macroprudential Policy
  • Role: Promotor
  • PhD Candidate: John Fell
  • Time frame: 2017 -
Parttime PhD programme
Parttime PhD programme
  • Role: Promotor
  • PhD Candidate: Federico Pippo
  • Time frame: 2023 -
PhD in Finance
  • Role: Promotor
  • PhD Candidate: Vaibhav Grewal
  • Time frame: 2023 -

Course (1)

Past
  • Sustainable Finance (2022/2023)

PhD Vacancy (1)

PhD in Finance

The finance faculty at RSM is a vibrant and diverse group consisting of leading international researchers. Our faculty undertakes world-class research that is regularly published in the top academic journals.

We are looking for highly motivated candidates that have an interest in undertaking challenging and rigorous research. Besides a background in finance, we also welcome applicants with an education in Economics or Econometrics.

Candidates should indicate in their cover letter which field best matches their interest:

  • Asset Pricing
  • Corporate Finance
  • Banking and Financial Intermediation
Read more

Address

Visiting address

Office: Mandeville Building T08-33
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Latest publication

Book

Schoenmaker, D., & Schramade, W. (2023). Corporate Finance for Long-Term Value. https://link.springer.com/book/10.1007/978-3-031-35009-2