Research

The role of financial intermediaries is to transfer funds from savers to borrowers. Financial intermediaries are able to do so when transaction costs and asymmetric information are too high for direct finance. When borrowers are entrepreneurs and businesses with productive investment opportunities, an efficient system of financial intermediation is necessary to generate growth opportunities and guarantee the smooth operation of an economy. Nevertheless, financial institutions are susceptible to agency problems and inefficiencies that can either result in excessive or insufficient lending. The challenges to efficient and effective lending and the solutions to these challenges are my main research interests.

Interests

  • Financial intermediaries
  • Microfinance
  • Social versus financial preferences
  • Peer-to-peer lending and crowdfunding
  • Information sharing between financial intermediaries
  • Shadow banking

Co-authors

Jaap Bos

Jaap Bos

Professor of Banking and Finance at Maastricht University

Website
Ralph De Haas

Ralph De Haas

Director of Research at the European Bank for Reconstruction and Development

Personal page
Harry Hummels

Harry Hummels

Professor of Ethics, Organisations and Society at Maastricht University

Personal page

Honors, Awards and Grants

  • 2014
    BAFFI Carefin research grant