Education
2010 – Ph.D. Economics, University of Luxembourg and Maastricht University, dissertation: Essays on International Financial Integration
2007 – M.Phil. Economic and Financial Integration, Maastricht University, Thesis: The Impact of Trade and Financial Liberalization on Stock Market Comovement
2005 – B.Sc. Economics, specialization International Economic Studies, Maastricht University
Working papers
Van Limbergen, D. and Vermeulen, R. The importance of value chains for euro area trade: a time series perspective. DNB Working Papers No. 672, February 2020. Download
Boermans, M. and Vermeulen, R. Quantitative easing and preferred habitat investors in the euro area bond market, DNB Working Paper No. 586, March 2018. Download
Publications in refereed journals
Mudde, Y., A. Samarina and R. Vermeulen (2024), Spillover effects of sovereign bond purchases in the euro area, International Journal of Central Banking 20(2), 343-389. Download.
Vermeulen, R., Schets, E., Lohuis, M., Kölbl, B., Jansen, D., Heeringa, W. (2021). The heat is on: A framework for measuring financial stress under disruptive energy transition scenarios. Ecological Economics 190, 107205. Download
de Haan, L. and Vermeulen, R. (2021), Sovereign debt ratings and the country composition of cross-border holdings of euro area sovereign debt, Journal of International Money and Finance 119, 102473. Download
Boermans, M. and Vermeulen, R. (2020), International investment positions revisited: Investor heterogeneity and individual security characteristics, Review of International Economics 28(2), 466-496. Download
Staehr, K. and Vermeulen, R. (2019), How competitiveness shocks affect macroeconomic performance across euro area countries. The World Economy 42(1), 68-66. Download
Vašíček, B., Žigraiová, D., Hoeberichts, M., Vermeulen, R., Šmídková, K. and de Haan, J. (2017), Leading indicators of financial stress: New evidence. Journal of Financial Stability 28, 240-257. Download
Bijlsma, M. and Vermeulen, R. (2016), Insurance companies' trading behaviour during the European sovereign debt crisis: Flight home or flight to quality? Journal of Financial Stability 27, 137–154. Download
Boermans, M. and Vermeulen, R. (2016), Newton meets Van Leeuwenhoek: Identifying international investors' common currency preferences, Finance Research Letters 17, 62–65. Download
Vermeulen, R., Hoeberichts, M., Vašíček, B., Žigraiová, D., Šmídková, K., and de Haan, J. (2015), Financial stress indexes and financial crises, Open Economies Review 26(3), 383-406. Download
Kosse, A. and Vermeulen, R. (2014), Migrants' choice of remittance channel: Do General payment habits play a role?, World Development 62, 213-227. Download
Vermeulen, R. and de Haan, J. (2014), Net foreign asset (com)position: Does financial development matter?, Journal of International Money and Finance 43, 88-106. Download
Grammatikos, T., and Vermeulen, R. (2014), The 2007-2009 financial crisis: Changing market dynamics and the impact of credit supply and aggregate demand sensitivity, Applied Economics 46(8), 895–911. Download
Vermeulen, R. (2013), International diversification during the financial crisis: A blessing for equity investors?, Journal of International Money and Finance 35, 104-123. Download
Beine, M., Lodigiani, E., and Vermeulen, R. (2012), Remittances and financial openness, Regional Science and Urban Economics 42(5), 844-857. Download
Grammatikos, T., and Vermeulen, R. (2012), Transmission of the financial and sovereign debt crises to the EMU: Stock prices, CDS spreads and exchange Rates, Journal of International Money and Finance 31(3), 517-533. Download
Holinski, N., and Vermeulen, R. (2012), The international wealth channel: A global error-correcting analysis, Empirical Economics 43(3), 985-1010.
Candelon, B., Muysken, J. and Vermeulen, R. (2010), Fiscal policy and monetary integration in Europe: An update, Oxford Economic Papers 62(2), 323-349.
Beine, M., Cosma, A. and Vermeulen, R. (2010), The dark side of global integration: Increasing tail dependence, Journal of Banking & Finance 34(1), 184-192. Download
Other publications
Mudde, Y., A. Samarina and R. Vermeulen (2024), Market arbitrage and spillovers of sovereign bond purchases in the euro area, SUERF Policy Brief No. 852, April 2024. Download
Koo, H., R. van der Molen, A. Pollastri, R. Verhoeks and R. Vermeulen (2022), A macroprudential perspective on cyber risk. DNB Occasional Study No. 20-1. Download
Vermeulen, R., Schets, E., Lohuis, M., Kölbl, B., Jansen, D., Heeringa, W. (2018), An energy transition risk stress test for the financial system of the Netherlands. DNB Occasional Study No. 16-7.
Berben, R., Kearney, I. and Vermeulen, R. (2018), DELFI 2.0, DNB's Macroeconomic Policy Model of the Netherlands, DNB Occasional Study No. 16-5. Download
Parlevliet, J., Doll, M., Vermeulen, R. and de Winter, J. (2016), Perspectief op groei: De Nederlandse economie in beweging. DNB Occasional Study No. 4 (2016). Download
Kosse, A., and Vermeulen, R. (2013), Waarom migranten op informele wijze geld sturen naar hun thuisland (Why migrants send money home informally), Economisch Statistische Berichten 98(4663), 404-407. Download
Vermeulen, R. (2010), Promotie in ESB: Essays on international financial integration, Université du Luxembourg & Universiteit Maastricht, Economisch Statistische Berichten 95(4593), 574. Download
Latest update: November 2024