124 Discussion Papers

• 26-010/V - The Effects of Climate Change and Climate Policy on Credit Risk

  Authors: Matthijs Leegstra, Erasmus University Rotterdam; Erik Kole, Erasmus University Rotterdam; Rasmus Lönn, Erasmus University Rotterdam

  Date: March 20, 2026

• 25-070/IV - What should we say, when we talk about financial stability with the public?

  Author: David-Jan Jansen, Vrije Universiteit Amsterdam

  Date: December 11, 2025

• 25-059/IV - On the Limits of Hedging Inflation Risk in Investment Portfolios

  Authors: Damiaan Chen, De Nederlandsche Bank; Roel Beetsma, University of Amsterdam; Sweder van Wijnbergen, University of Amsterdam

  Date: October 10, 2025

• 25-058/IV - Carry Trade and Currency Crash Risk

  Authors: Merve Kutuk, CPB Netherlands Bureau for Economic Policy Analysis; Sweder van Wijnbergen, De Nederlandsche Bank

  Date: October 10, 2025

• 25-040/IV - Sinking Land, Sinking Prices? Land Subsidence, Flood Risk, and Property Prices

  Authors: Lukas Hofmann, University of Amserdam; Martijn Dröes, University of Amserdam; Marc Francke, University of Amserdam

  Date: June 26, 2025

• 24-050/IV - On Bubbles in Cryptocurrency Prices

  Author: Maarten R.C. van Oordt, Vrije Universiteit Amsterdam

  Date: August 06, 2024

• 24-039/IV - Striking Out: Biases and Losses of Retail Option Traders

  Authors: Aleksi Pitkäjärvi, Vrije Universiteit Amsterdam; Matteo Vacca, Aalto University School of Business

  Date: June 06, 2024

• 24-026/IV - Home Improvement, Wealth Inequality, and the Energy-Efficiency Paradox

  Authors: Martijn I. Dröes, University of Amsterdam; Yasmine Van Der Straten, University of Amsterdam

  Date: April 17, 2024

• 24-019/IV - Exclusive Portfolio Dealing and Market Inefficiency

  Authors: Natalie Kessler, Vrije Universiteit Amsterdam ; Iman van Lelyveld, Vrije Universiteit Amsterdam ; Ellen van der Woerd, De Nederlandsche Bank

  Date: March 20, 2024

• 24-018/IV - Safe Asset Scarcity and Re-use in the European Repo Market

  Authors: Justus Inhoffen, Vrije Universiteit Amsterdam; Iman van Lelyveld, Vrije Universiteit Amsterdam

  Date: March 20, 2024

• 24-013/IV - Political Economy of Climate Change Adaptation

  Authors: Yasmine van der Straten, University of Amsterdam; Enrico Perotti, University of Amsterdam; Frederick van der Ploeg, University of Oxford

  Date: February 29, 2024

• 23-042/IV - The pricing of climate transition risk in Europe’s equity market

  Authors: Philippe Loyson, VU Amsterdam; Rianne Luijendijk , DNB; Sweder van Wijnbergen, University of Amsterdam

  Date: July 25, 2023

• 23-040/IV - Large Orders in Small Markets: Execution with Endogenous Liquidity Supply

  Authors: Agostino Capponi, Columbia University; Albert J. Menkveld, Vrije Universiteit Amsterdam; Hongzhong Zhang, Columbia University

  Date: July 25, 2023

• 23-032/IV - The Social Cost of Carbon under Climate Volatility Risk

  Authors: Xu Lin, University of Amsterdam; Sweder van Wijnbergen, University of Amsterdam

  Date: June 15, 2023

• 23-020/IV - Competing for Dark Trades

  Authors: Paul J. Irvine, Texas Christian University; Egle Karmaziene, Vrije Universiteit Amsterdam,

  Date: April 20, 2023

• 23-014/IV - Flooded House or Underwater Mortgage? The Implications of Climate Change and Adaptation on Housing, Income & Wealth

  Author: Yasmine van der Straten, University of Amsterdam

  Date: March 15, 2023

• 23-002/IV - Macroprudential Regulation: A Risk Management Approach

  Authors: Sweder van Wijnbergen, University of Amsterdam; Daniël Dimitrov, University of Amsterdam

  Date: January 19, 2023

• 22-088/IV - Intergenerational Sharing of Unhedgeable Inflation Risk

  Authors: Damiaan H.J. Chen, University of Amsterdam; Roel M.W.J. Beetsma, University of Amsterdam; Sweder J.G. van Wijnbergen, University of Amsterdam

  Date: November 24, 2022

• 22-078/IV - Firm subsidies, financial intermediation, and bank stability

  Authors: Aleksandr Kazakov , Halle Institute for Economic Research; Michael Koetter, University of Magdeburg; Mirko Titze, University of Halle; Lena Tonzer, Vrije Universiteit Amsterdam

  Date: October 24, 2022

• 22-076/IV - The Demand for Programmable Payments

  Authors: Charles M. Kahn, University of Illinois; Maarten R.C. van Oordt, Vrije Universiteit Amsterdam

  Date: October 24, 2022