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prof. dr. Maarten van Oordt

Full Professor, School of Business and Economics, Finance

, Tinbergen Institute

Personal information

Maarten van Oordt is Professor of Money and Banking at the School of Business and Economics of Vrije Universiteit Amsterdam. He previously held increasingly senior positions at De Nederlandsche Bank (2009-2015) and the Bank of Canada (2015-2021). As a Research Advisor at the Bank of Canada, his work focused on electronic payment systems, cryptocurrencies, and central bank digital currencies. His research has appeared in leading academic journals, including Management Science, the Journal of Money, Credit and Banking, the Journal of Financial and Quantitative Analysis, and the Journal of Political Economy. He received his PhD from Erasmus University Rotterdam in 2013.

Research

Maarten’s main academic interests revolve around the areas of digital currencies and risk management. 

Digital Currency

Working Papers

  • Blockchains and Strategic Secondary Censorship (with Yackolley Amoussou-Guenou). [link]
  • On Bubbles in Cryptocurrency Prices. [link]
    • Column with non-technical summary on voxeu.
  • Buyback Programs for Platform Tokens (with Rodney J. Garratt). [link]
  • The Demand for Programmable Payments (with Charles M. Kahn). [link]
    • Best paper award at Tokenomics 2022; presented at the EFA 2023 and the AFA 2024.
    • Video of presentation at the CEPR-Bocconi conference on The Future of Payments and Digital Assets.

Publications

  • The Crypto Multiplier (with Rodney J. Garratt). Journal of Corporate Finance (2026). [link, video]
  • Best Before? Central Bank Digital Currency and Loss Recovery (with Charles M. Kahn and Yu Zhu). Journal of Money, Credit and Banking (2026). [link, voxeu, video]
  • Transforming the Digital Euro Proposal from a Threat into an Opportunity for Privacy. Book Chapter. CEPR Press (2025). [link]
  • Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies (with Rodney J. Garratt). Management Science (2023). [link]
  • Entrepreneurial Incentives and the Role of Initial Coin Offerings (with Rodney J. Garratt). Journal of Economic Dynamics & Control (2022). [link]
  • Discussion of “Central Bank Digital Currency: Stability and Information.” Journal of Economic Dynamics & Control (2022). [link]
  • The Emerging Autonomy-Stability Choice for Stablecoins. Book Chapter. Edward Elgar Publishing (2022). [link, wp]
  • Privacy as a Public Good: A Case for Electronic Cash (with Rodney J. Garratt). Journal of Political Economy (2021). [link]
  • On the Value of Virtual Currencies (with Wilko Bolt). Journal of Money, Credit and Banking (2020). [link, voxeu]

Risk Management

Publications

  • Calibrating the Magnitude of the CCyB Using Market-Based Stress Tests. Journal of Money, Credit and Banking (2023). [link]
  • On Agricultural Commodities’ Extreme Price Risk (with Philip A. Stork and Casper G. de Vries). Extremes (2021). [link]
  • Estimating Systematic Risk under Extremely Adverse Market Conditions (with Chen Zhou). Journal of Financial Econometrics (2019). [link]
  • Systemic Risk and Bank Business Models (with Chen Zhou). Journal of Applied Econometrics (2019). [link]
  • Timing of Banks’ Loan Loss Provisioning during the Crisis (with Leo de Haan). Journal of Banking & Finance (2018). [link]
  • Systemic Risk of European Banks: Regulators and Markets (with Chen Zhou). Book Chapter. Cambridge University Press (2018). [link, wp]
  • Systematic Tail Risk (with Chen Zhou). Journal of Financial & Quantitative Analysis (2016). [link]
  • Securitization and the Dark Side of Diversification. Journal of Financial Intermediation (2014). [link]
  • The Simple Econometrics of Tail Dependence (with Chen Zhou). Economics Letters (2012). [link]
  • Bank Profitability during Recessions (with Wilko Bolt, Marco Hoeberichts, Leo de Haan and Job Swank). Journal of Banking & Finance (2012). [link]
Teaching
  • New Developments in Risk Management (BSc-3)
  • Blockchain and Digital Currencies (MSc)
  • Thesis Supervision (MSc)
Ancillary activities
  • CEPR Fintech and Digital Currencies Research Policy Network | Paris | Member | 2024-07-11 - present
  • Université Paris Panthéon-Assas | Paris | Visiting Professor | 2026-03-16 - 2026-03-20

Ancillary activities are updated daily

Profile

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Research/publications Amsterdam UMC
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