prof.dr. W.B. (Wolf) Wagner

Rotterdam School of Management (RSM)
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 the main finance journals, such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Review of Finance, Management Science, the Journal of Financial & Quantitative Analysis. 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 cross-border banking, systemic risk in the insurance sector as well as lobbying and political activities at banks.

See Wolf Wagner's personal site for more information.

Publications

  • Academic (49)
    • van Dijk, M., Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neususs, S., Razen, M., Wagner, W., Verwijmeren, P., Vogel, S., van der Wel, M., Mazzola, F., Yang, A., & Zhou, C. (2024). Non-Standard Errors*. Journal of Finance. https://doi.org/10.2139/ssrn.3961574

    • Beck, T., Silva-Buston, C., & Wagner, W. (2023). The Economics of Supranational Bank Supervision. Journal of Financial and Quantitative Analysis, 58(1), 324-351. https://doi.org/10.1017/s0022109022000588

    • Galil, K., Samuel , M., Offer, S., & Wagner, W. (2023). Bailouts and the Modeling of Bank Distress. Journal of Financial Research, 46(1), 7-30. https://doi.org/10.1111/jfir.12313

    • Ellul, A., Jotikasthira, C., Kartasheva, A., Lundblad, C., & Wagner, W. (2022). Insurers as Asset Managers and Systemic Risk. Review of Financial Studies, 35(12), 5483-5534. https://doi.org/10.1093/rfs/hhac056

    • Igan, D., Lambert, T., Wagner, W., & Zhang, E. Q. (2022). Winning connections? Special interests and the sale of failed banks. Journal of Banking and Finance, 140, Article 106496. https://doi.org/10.1016/j.jbankfin.2022.106496

    • Stenzel, A., & Wagner, W. (2022). Opacity, liquidity and disclosure requirements. Journal of Business Finance and Accounting, 49(5-6), 658-689. https://doi.org/10.1111/jbfa.12574

    • Huizinga, H., Todtenhaupt, M., Voget, J., & Wagner, W. (2022). Taxation and the external wealth of nations: Evidence from bilateral portfolio holdings. Journal of International Money and Finance, 122, Article 102548. https://doi.org/10.1016/j.jimonfin.2021.102548

    • Lambert, T., Wagner, W., & Zhang, E. (2022). Banks, Political Capital, and Growth. Review of Corporate Finance Studies, 12(3), 613-655. https://doi.org/10.1093/rcfs/cfac005

    • Kahn, C. M., & Wagner, W. (2021). Liquidity provision during a pandemic. Journal of Banking and Finance, 133, 10-33. Article 106152. https://doi.org/10.1016/j.jbankfin.2021.106152

    • Bongaerts, D., Mazzola, F., & Wagner, W. (2021). Closed for business: The mortality impact of business closures during the Covid-19 pandemic. PLoS ONE, 16(5), e0251373. Article e0251373. https://doi.org/10.1371/journal.pone.0251373

    • Horvath, B., & Wagner, W. (2017). The Disturbing Interaction between Countercyclical Capital Requirements and Systemic Risk. Review of Finance, 21(4), 1485. https://doi.org/10.1093/rof/rfx001

    • Bertay, AC., Gong, D., & Wagner, W. (2017). Securitization and economic activity: The credit composition channel. Journal of Financial Stability, 28(February), 225-239. https://doi.org/10.1016/j.jfs.2016.01.010

    • Marsh, I. W., & Wagner, W. (2016). News-Specific Price Discovery in Credit Default Swap Markets. Financial Management, 45(2), 315-340. https://doi.org/10.1111/fima.12095

    • Wagner, W., & Beck, THL. (2016). Supranational Supervision - How Much and for Whom? International Journal of Central Banking, 12(2), 221-268.

    • Marsh, I., & Wagner, W. (2015). News?Specific Price Discovery in Credit Default Swap Markets. Financial Management (London). http://hdl.handle.net/1765/115289

    • Huizinga, HP., Voget, J., & Wagner, W. (2014). International Taxation and Cross-Border Banking. American Economic Journal. Economic Policy, 6(2), 94-125. https://doi.org/10.1257/pol.6.2.94

    • Norden, L., Buston, C., & Wagner, W. (2014). Financial innovation and bank behavior: Evidence from credit markets. Journal of Economic Dynamics and Control. http://hdl.handle.net/1765/115290

    • 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

    • Wagner, W. (2013). Performance evaluation and financial market runs. Review of Finance, 17(2), 597-624.

    • Castiglionesi, F., & Wagner, W. (2013). On the efficiency of bilateral interbank insurance. Journal of Financial Intermediation, 22(2), 177-200. https://doi.org/10.1016/j.jfi.2012.07.002

    • Beck, THL., Todorov, RI., & Wagner, W. (2013). Supervising cross-border banks. Economic Policy, 28(73), 5-44.

    • Pfajfar, D., Sgro, G., & Wagner, W. (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.

    • Knaup, M., & Wagner, W. (2012). A market-based measure of credit quality and bank performance during the subprime crisis. Management Science, 58(8), 1423-1437. https://doi.org/10.1287/mnsc.1110.1501

    • Castiglionesi, F., & Wagner, W. (2012). Turning Bagehot on his head. Journal of Money, Credit, and Banking, 44(1), 201-219. https://doi.org/10.1111/j.1538-4616.2011.00473.x

    • Huizinga, HP., Voget, J., & Wagner, W. (2012). Who bears the burden of international taxation? Evidence from cross-border M&As. Journal of International Economics, 88(1), 186-197. https://doi.org/10.1016/j.jinteco.2012.02.013

    • Knaup, M., & Wagner, W. (2012). Forward-looking tail risk exposures at US bank holding companies. Journal of Financial Services Research, 42(1-2), 35-54. https://doi.org/10.1007/s10693-012-0131-5

    • Wagner, W., & Nijskens, RGM. (2011). Credit risk transfer activities and systemic risk. Journal of Banking and Finance, 35(6), 1391-1398. https://doi.org/10.1016/j.jbankfin.2010.10.001

    • Wagner, W. (2011). Systemic liquidation risk and the diversity-diversification trade-off. The Journal of Finance, 66(4), 1141-1175. https://doi.org/10.1111/j.1540-6261.2011.01666.x

    • Wagner, W. (2010). Loan market competition and bank risk taking. Journal of Financial Services Research, 37(1), 71-81. https://doi.org/10.1007/s10693-009-0073-8

    • Wagner, W. (2010). In the quest of systemic externalities. CESifo Economic Studies, 56(1), 96-111. https://doi.org/10.1093/cesifo/ifp022

    • Wagner, W. (2010). Diversification at financial institutions and systemic crises. Journal of Financial Intermediation, 19(3), 373-386. https://doi.org/10.1016/j.jfi.2009.07.002

    • Wagner, W. (2010). Divestment, entrepreneurial incentives and the life cycle of the firm. Journal of Business Finance and Accounting, 37(5-6), 591-611. https://doi.org/10.1111/j.1468-5957.2010.02184.x

    • Eijffinger, SCW., & Wagner, W. (2010). Incentive constraints and the pattern of international risk sharing. Journal of International Money and Finance, 29(7), 1206-1225. https://doi.org/10.1016/j.jimonfin.2010.06.002

    • Fecht, F., & Wagner, W. (2009). The marketability of bank assets and managerial rents. Journal of Financial Stability, 5(3), 272-282. https://doi.org/10.1016/j.jfs.2009.05.002

    • Wagner, W. (2009). Banking fragility and liquidity creations. Annals of Finance, 5(1), 125-129. https://doi.org/10.1007/s10436-008-0095-5

    • Wagner, W. (2009). Efficient asset allocations in the banking sector and financial regulation. International Journal of Central Banking, 5(1), 75-95.

    • Wagner, W. (2008). The homogenization of the financial system and financial crises. Journal of Financial Intermediation, 17(3), 330-356. https://doi.org/10.1016/j.jfi.2008.01.001

    • Eijffinger, SCW., & Wagner, W. (2008). Efficiency of capital taxation in an open economy. International Tax and Public Finance, 15(6), 636-646. https://doi.org/10.1007/s10797-008-9087-7

    • Norden, L., & Wagner, W. (2008). Credit derivatives and loan pricing. Journal of Banking and Finance, 32(12), 2560-2569. https://doi.org/10.1016/j.jbankfin.2008.05.006

    • Wagner, W. (2008). The homgenization of the financial system and liquidity crises. Journal of Financial Intermediation, 17(3), 330-356.

    • Wagner, W. (2007). International risk sharing and government moral hazard. Open Economies Review, 18(5), 577-598. https://doi.org/10.1007/s11079-007-9006-z

    • Wagner, W. (2007). Aggregate liquidity shortages, idiosyncratic liquidity smoothing and banking regulation. Journal of Financial Stability, 3(1), 18-32. https://doi.org/10.1016/j.jfs.2007.01.001

    • Wagner, W. (2007). Financial development and the opacity of banks. Economics Letters, 97(1), 6-10. https://doi.org/10.1016/j.econlet.2007.02.006

    • Wagner, W. (2007). The liquidity of bank assets and banking stability. Journal of Banking and Finance, 31(1), 121-139. https://doi.org/10.1016/j.jbankfin.2005.07.019

    • Wagner, W., & Marsh, I. (2006). Credit risk transfer and financial sector stability. Journal of Financial Stability, 2(2), 173-193. https://doi.org/10.1016/j.jfs.2005.11.001

    • Knaup, M., & Wagner, W. (2006). The implications of performance evaluation for the stability of financial markets. FSR Forum, 9, 29-35.

    • Calcagno, R., & Wagner, W. (2006). Dispersed initial ownership and the efficiency of the stock market under moral hazard. Journal of Mathematical Economics, 42(1), 36-45. https://doi.org/10.1016/j.jmateco.2004.11.003

    • Marsh, I., & Wagner, W. (2004). Safety features for credit derivatives. The Financial Regulator, 9(1), 38-43.

    • Alexander, K., & Wagner, W. (2004). Excess capital. The Financial Regulator, 9(3), 58-63.

  • Professional (1)
  • Academic (1)
    • Wagner, W. (2014). Unintended consequences of macroprudential policies. In Macroprudentialism (pp. 105-113). CEPR Press.

  • Internal (1)
    • Wagner, W. (2002). Risk sharing under incentive constraints. [Doctoral Thesis, Tilburg University]. Tilburg University.

  • Academic (13)
    • Peersman, G., & Wagner, W. (2014). Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations.

    • Stenzel, A., & Wagner, W. (2013). Asset Opacity and Liquidity.

    • Marsch, I., & Wagner, W. (2012). Why is Price Discovery in Credit Default Swap Markets News-Specific?.

    • Beck, THL., Todorov, RI., & Wagner, W. (2011). Bank Supervision Going Global? A Cost-Benefit Analysis (Replaced by CentER DP 2012-059).

    • Beck, THL., Todorov, RI., & Wagner, W. (2011). Bank Supervision Going Global? A Cost-Benefit Analysis (Replaced by EBC DP 2012-015).

    • Huizinga, HP., Voget, J., & Wagner, W. (2011). International Taxation and Cross-Border Banking.

    • Knaup, M., & Wagner, W. (2009). A Market Based Measure of Credit Quality and Banks' Performance During the Subprime Crisis.

    • Wagner, W. (2007). Loan Market Competition and Bank Risk-Taking.

    • Goderis, BVG., Marsh, I., Vall Castello, J., & Wagner, W. (2006). Bank Behavior with Access to Credit Risk Transfer Markets.

    • Wagner, W. (2006). The Broadening of Activities in the Financial System.

    • Calcagno, R., & Wagner, W. (2003). The Inefficiency of the Stock Market Equilibrium under Moral Hazard.

    • Wagner, W. (2002). Divestment, Entrepreneurial Incentives and the Decision to go Public.

    • Wagner, W. (2000). Decentralized International Risk Sharing and Governmental Moral Hazard.

  • Role: Member Doctoral Committee
  • PhD Candidate: Eden Quxian Zhang
  • Time frame: 2012 - 2018
  • Role: Promotor
  • PhD Candidate: Francesco Mazzola
  • Time frame: 2018 - 2023
  • Role: Promotor
  • PhD Candidate: Taavi Mandel
  • Time frame: 2017 -
  • Role: Member Doctoral Committee
  • PhD Candidate: Lingtian Kong
  • Time frame: 2012 - 2019
  • Role: Promotor
  • PhD Candidate: Francesca Caucci
  • Time frame: 2022 -
  • Role: Promotor
  • PhD Candidate: Vaibhav Grewal
  • Time frame: 2023 -
2016
March
23

Address

Visiting address

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

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands