Prof. Dirk Schoenmaker

Dirk Schoenmaker

Professor of Banking and Finance
Rotterdam School of Management (RSM)
Erasmus University Rotterdam

Profile

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 non-Resident Fellow at the Brussels-based think tank Bruegel and 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.

Professional experience

Full Professor

Erasmus University Rotterdam
RSM - Rotterdam School of Management
Department of Finance

Publications

Professional Publications (11)

Scholarly Publications (23)

Semi Scientific Publications (2)

Media

Media items

  • Financiële sector als aanjager voor duurzame economie in nieuwe MOOC

    “The financial sector can boost investment in sustainable companies and accelerate the transition to a sustainable economy,” says Dirk Schoenmaker, Professor of Banking and Finance RSM. The financial sector is often seen as an…

  • De smart open-up, het beleid en de recessie: een inventarisatie

    An article that disusses the aid measurements of the Dutch government, on which Dirk Schoenmaker of RSM has commented: "The government now largely pays staff salaries. That is of course very friendly. But we have to change the…

  • Hoe kan de overheid de economie het beste steunen in deze crisis?

    In an article how the government can best support the economy during the corona crisis, Dirk Schoenmaker of RSM expressed his opinion.

  • Green bond issuance: Denmark's split offering

    An article in which Dion Bongaert's and Dirk Schoenmaker's research on green bonds is mentioned. The research proposed unbundling green bonds into a standard bond and a green certificate to take care of the green earmarking of…

  • Opinie: Nederland moet Europese aanpak via noodfonds stimuleren, niet eurobonds

    Dirk Schoenmaker of RSM has co-written an article pleading that The Netherlands must encourage a European approach via an emergency fund, not Eurobonds. "The corona virus is a common enemy that requires common European policy on a…

  • Het gaat er nu vooral om het mkb te redden

    Dirk Schoenmaker of RSM has commented on the corona crisis hit on SMEs. Regarding ECB's to support the SME sector he stated "I think it is right that you make money available to banks under the condition that they pass it on to…

  • Het gaat er nu vooral om het mkb te redden

    An article in Het Financiele Dagblad, in which Dirk Schoenmaker of RSM pleads that during the corona crisis it is most important to focus on saving SMEs.

  • Forging a new future between the UK and the EU

  • How to change the paradigm in finance to incorporate a changing environment

  • Takeaway in trek op vlak gesloten AEX

    Dirk Schoenmaker, Professor of Banking and Finance at the Rotterdam School of Management, has been mentioned in an article. The article discusses the change in the AEX in response to the Brexit vote. The AEX barely changed. Dirk…

  • Social purpose: how business schools around the world measure up

    Dirk Schramade, Member of Erasmus Platform for Sustainable Value Creation, and Dirk Schoenmaker, Professor of Banking and Finance at the Rotterdam School of Management, have been mentioned in an article. The article discusses…

  • Kabinet: zorg dat iedere ton CO2-uitstoot dezelfde prijs krijgt

    Dirk Schoenmaker of RSM has co-written an article in NRC regarding the Dutch cabinet's choice for the CO2 tax.

  • Hoe de financiële sector duurzaamheid kan aanjagen

    Dirk Schoenmaker of RSM has published a new book, Principles of Sustainable Finance. In the book he argues that the financial sector can play a role as a driver of sustainability.

  • ‘Fusie Deutsche en Commerzbank trekt eenwissel op bankenunie’

    The potential merge between Deutsche Bank and Commerzbank has released a torrent of comments. Dirk Schoenmaker from RSM emphasises that Germany is "overbanked." The sector needs remediation and one needs to start at a certain…

  • ‘Centrale Bank moet energietransitie versnellen’

    Dirk Schoenmaker of RSM has commented that the European Central Bank must contribute to the climate objectives of the European Union through its monetary policy. He states that "the stimulus package now works against…

  • Groene obligaties: nu nog klein, maar erg in trek

    An article about the 'green obligations' that businesses have. De Nederlandsche Bank calculated that the amount of sustainable corporate and government loans has doubled since last year to 20 billion euros. Dirk Schoenmaker of RSM…

  • Nachhaltige Investments werden für Institutionelle immer wichtiger

    Dirk Schoenmaker, Professor of Banking and Finance at RSM, has given a lecture on investment in Vienna at the IQAM Research Center.

  • Kroniek ondernemingsrecht

    Research conducted by Dirk Schoenmaker, Professor of Banking and Finance, and Abe de Jong, Professor of Corporate Finance and Corporate Governance, both from RSM has been mentioned in an article. Their research, "Large…

  • A small bank doing things differently

    Financial institutions and investors are key to getting companies to give social and environmental impact the same weight as profit, says Dirk Schoenmaker, Victoria University’s 2017 Reserve Bank of New Zealand Monetary Fellow and…

  • Global financial implications of transitioning to low-carbon economy

    Sustainable finance and central banking expert Professor Dirk Schoenmaker of RSM will be holding a free public lecture at Victoria University of Wellington later this month, as the 2017 Reserve Bank of New Zealand Professorial…

  • 'Redden Banken Met Staatssteun Niet Meer Uit Te Leggen'

    The rules on rescuing banks in Europe must be brought to the light. Joanne Kellermann, executive director of the Single Resolution Board, agrees with Dirk Schoenmaker's suggestion to appoint a "silent curator" through the European…

  • Professor: Nordeas flytt kan långsiktigt gynna Sverige

    According to Dirk Schoenmaker, Professor of Banking and Finance at RSM, Nordea's relocation of its headquarters from Stockholm to Helsinki may prove to be good for Sweden in the long run. "With the new structure of the branches,…

  • Professor: Finns ingen anledning att fly Nordea

    RSM's Dirk Schoenmaker says that the fact that Nordea is relocating its headquarters to Finland is not at all bad for Sweden, and that there is no reason for Swedish customers to leave the bank. "With the new branch structure, the…

  • Professor: Nordeas flytt kan vara bra för Sverige

    Nordea's relocation of its headquarters from Stockholm to Helsinki may prove to be good for Sweden in the long run. In the event of a future financial crisis, the financial market has doubts about the Swedish state's ability to…

  • "Cursus mindfulness volgen is syntoombestrijding"

    When a hostile acquisition leads to environmental damage, job losses or price increases, the community drives it up, not the shareholders. A social test by, for example, the Enterprise Chamber is necessary.

  • "Cursus mindfulness volgen is syntoombestrijding"

    When a hostile acquisition leads to environmental damage, job losses or price increases, the community drives it up, not the shareholders. A social test by, for example, the Enterprise Chamber is necessary.

  • Toets overnames op maatschappelijke effecten

    When a hostile acquisition leads to environmental damage, job losses or price increases, the community drives it up, not the shareholders. A social test by, for example, the Enterprise Chamber is necessary.

  • Toets overnames op maatschappelijke effecten

    When a hostile acquisition leads to environmental damage, job losses or price increases, the community drives it up, not the shareholders. A social test by, for example, the Enterprise Chamber is necessary.

  • Slechte leningenprobleem EU: doormodderen of ingrijpen?

    Europe has a problem of € 1 000 billion, almost half the Dutch GDP. For that amount European banks have bad loans (non-performing loans, NPL's) on the balance sheet. Only nuance is in place, says Dirk Schoenmaker."The true extent…

  • Banken in eurozone wereldwijd zwakst gekapitaliseerd

    ABN Amro and ING are among the most profitable banks in Europe, according to the Financieele Dagblad. Also the provision of mortgages and loans is on the rise. Dirk Schoenmaker thinks it is a good example of FIFO: First In First…

  • KBC, ING en ABN Amro beste banken van Europa!

    ABN Amro and ING are among the most profitable banks in Europe, according to the Financieele Dagblad. Also the provision of mortgages and loans is on the rise. Dirk Schoenmaker thinks it is a good example of FIFO: First In First…

  • 3 MAART | BAUDET WIL OMTZIGT ALS NIEUWE PREMIER

    ABN Amro and ING are among the most profitable banks in Europe, according to the Financieele Dagblad. Also the provision of mortgages and loans is on the rise. Dirk Schoenmaker thinks it is a good example of FIFO: First In First…

  • Klimaatbeleid met ministerie van I&M naar het kernkabinet

    Last week, Hans de Boer, head of the VNO-NCW, pleaded to create a better climate policy to the Ministry of Economic Affairs to transfer). We believe that the climate at EZ is not in safe hands and would be even more subordinated…

  • Klimaatbeleid met ministerie van I&M naar het kernkabinet

    Last week, Hans de Boer, head of the VNO-NCW, pleaded to create a better climate policy to the Ministry of Economic Affairs to transfer). We believe that the climate at EZ is not in safe hands and would be even more subordinated…

  • En weer lapt de burger

    Eight years after the crisis and the government still needs to rescue banks that are on the verge of bankruptcy. The government of Italy paid 20 billion Euro yesterday, to save Monte dei Paschi and maintain the rest of the sector.…

  • Europe may be at the mercy of US banks

    US banks are about to surpass their European counterparts in the European investment bank market, which could, in the future, be dominated by the big five American banks.

  • Kleinere rol voor Deutsche

    In the international bank market, Deutsche Bank seems to be playing an ever shrinking role. This is due to the settlement the bank is facing for misleading some of its customers. Dirk Schoenmaker is references for his recent…

  • Kleinere rol voor Deutsche

    In the international bank market, Deutsche Bank seems to be playing an ever shrinking role. This is due to the settlement the bank is facing for misleading some of its customers. Dirk Schoenmaker is references for his recent…

  • Deutsche in problemen, iedereen in stress

    In the international bank market, Deutsche Bank seems to be playing an ever shrinking role. This is due to the settlement the bank is facing for misleading some of its customers. Dirk Schoenmaker is references for his recent…

  • Europese zakenbank telt niet meer mee

    The top five largest investment banks still solely feature American banks. However, the European banks are highly necessary and according to Dirk Schoenmaker, should work hard to stay independent from the American banks.

  • Europese zakenbank telt niet meer mee

    The top five largest investment banks still solely feature American banks. However, the European banks are highly necessary and according to Dirk Schoenmaker, should work hard to stay independent from the American banks.

  • Sylvie Matherat: Bessere Kapitalmärkte sind entscheidend

    More developed capital markets are crucial for Europe's growth: Chief Regulatory Officer Sylvie Matherat spoke in Brussels about the importance of investment banking in Europe. In a discussion with Dirk Schoenmaker, Matherat…

  • Verzekeraar ziet onweer

    Insurance companies are having difficulties, which is noticed by the financial sector. Dirk Schoenmaker is quoted stating this is caused by the pressure put on the business models of the insurance companies, which makes the…

  • Is het niet hoog tijd voor wat minder gas, minister Kamp?

    New analysis show the measures to prevent global warming are insufficient, the Netherlands still continues drilling for gas. Dirk Schoenmaker is quoted stating he finds this irresponsible.

  • Kritiek van Schäuble op ECB is niet terecht

    Dirk Schoenmaker analyses the claim of the German minister of finance Wolfgang Schäuble stating a correlation between low interest rates and the rise of the extreme right politics in Germany.

  • Amid Tight Brexit Polls, Netherlands’ Trade And Investment Leaders Wary Of Referendum

    On several days chairman of the Netherlands British Chamber of Commerce, welcomed leaders who conducted a large amount of business between the U.K. and the EU for seminars on the looming Brexit referendum. Dirk Shoenmaker responds…

  • EUROPEAN COMPANIES SHOULD STICK WITH EUROPEAN INVESTMENT BANKS IN THE FACE OF US COMPETITION

    European companies should maintain relationships with European banks in the face of increased competition from US financial institutions – according to a new paper from Professor Dirk Schoenmaker.

  • BNR Archief 18 April

    European companies like doing business with American banks and investors. According to a study by Dirk Schoenmaker, this could be caused due to the funds provided to them after the crisis in 2009. However, this is still not…

  • Europees bedrijfsleven te afhankelijk van Amerikaanse banken

    European companies like doing business with American banks and investors. According to a study by Dirk Schoenmaker, this could be caused due to the funds provided to them after the crisis in 2009. However, this is still not…

  • Week 15 at and around CBS

    Dirk Schoenmaker is referenced to keynote the seminar on financial regulation. Dirk’s presentation is titled “Should the ‘Outs’ join Banking Union?” and he will address the pros and cons of entering the Banking Union.

  • SNS kan maatschappelijk belang behouden op beurs

    After the successful return of ABN Amro to the stock exchange the debate on the next state bank starts. Should SNS Bank also go to the stock exchange or continue to be a social bank and remain in public hands? Here, an apparent…

  • Beursgang sluit status nutsbank SNS niet uit

    After the successful return of ABN Amro to the stock exchange the debate on the next state bank starts. Should SNS Bank also go to the stock exchange or continue to be a social bank and remain in public hands? Here, an apparent…

Discovery items

Professor's opinion: The Netherlands should stimulate European support via emergency fund rather than Eurobonds

The Netherlands should stimulate European support via emergency fund rather than Eurobonds argues Prof. Dirk Schoenmaker.

BLOG: Nobel Laureates and RSM faculty make climate change issues clear

Dirk Schoenmaker's blog on how the 2018 Nobel Prize for Economics shows that a sustainable economy is possible, if we put our minds to it.

Why European companies should stick with European investment banks

Does it really matter where European companies get their financing from? Prof. Dirk Schoenmaker says it does.

The long view: “European Deposit Insurance necessary for economic stability”

Banking union makes banking stable, but European deposit insurance would make it more trustworthy, says Prof Dirk Schoenmaker

Courses

Finance & Investments Honours Programme

  • Study year: 2019/2020
  • Code: BMHON1FI
  • ECTS: 10 Level: Master

Sustainable Finance

  • Study year: 2019/2020, 2018/2019
  • Code: BMME113
  • ECTS: 6 Level: Master, Master, Master, Master

Past courses

Financial Markets and Institutions

  • Study year: 2018/2019, 2017/2018, 2016/2017
  • Code: BM01FI-A
  • ECTS: 4 Level: Master

Living Management

  • Study year: 2018/2019, 2017/2018
  • Code: BM20FI-A
  • ECTS: 8 Level: Master

Study Trip

  • Study year: 2018/2019, 2017/2018, 2016/2017
  • Code: BM16FI-A
  • ECTS: 2 Level: Master

Sustainability

  • Study year: 2018/2019, 2017/2018
  • Code: BM21FI-A
  • ECTS: 5 Level: Master

Commercial and Investment Banking

  • Study year: 2017/2018
  • Code: BM10FI-A
  • ECTS: 6 Level: Master

Derivatives and Structured Products

  • Study year: 2017/2018, 2016/2017
  • Code: BM08FI-A
  • ECTS: 6 Level: Master

Internship

  • Study year: 2016/2017
  • Code: BM19FI-A
  • ECTS: 8 Level: Master

Living Management

  • Study year: 2016/2017
  • Code: BM17FI-A
  • ECTS: 10 Level: Master

Sustainability

  • Study year: 2016/2017
  • Code: BM18FI-A
  • ECTS: 3 Level: Master