Research Output per year
Personal profile
Personal information
Remco is Professor of International Finance at the Vrije Universiteit Amsterdam. Before starting at the VU, he was assistant professor in international finance as well as the head of the finance group at the Erasmus School of Economics. He holds a MSc in monetary economics from the Erasmus University, an MPhil in Economics from the Tinbergen Institute, and a PhD in Economics from the Radboud University Nijmegen. Remco worked as a visiting scholar at the University of Technnology in Sydney and the Auckland University of Technology. His main research interest lies in the field of behavioral finance, and expectation formation in particular. Remco is a certified teacher and has taught a large number of courses, ranging from international economics, monetary economics, to empirical finance.
Research in Behavioral Finance Conference. I am co-organizing the Research in Behavioral Finance Conference, a bi-annual conference on behavioral finance.
Research
Workingpapers
- Speculation in European Sovereign Debt Markets (with Bart Frijns), revise and resubmit.
- Exploring Style Herding by Mutual funds (with Caterina Santi), revise and resubmit.
Expected Issuance Fees and Market Liquidity (with Boyd Buis, Mary Pieterse-Bloem, and Willem Verschoor), revise and resubmit. - Timing is Money: The Factor Timing Ability of Hedge Fund Managers (with Bart Osinga and Marc Schauten), revise and resubmit.
- Comparing Behavioral Heterogeneity Across Asset Classes (with Saskia ter Ellen and Cars Hommes), submitted.
- Dynamic Portfolio Strategies in the European Corporate Bond Market (with Mary Pieterse-Bloem, Zhaowen Qian, and Willem Verschoor), submitted.
- Volatility, Investor Uncertainty, and Dispersion (with Ronald Huisman and Nico van der Sar), submitted.
- Can the Market Divide and Multiply? A Case of 807% Mispricing under Short Selling Constraints (with Marc Schauten, Martijn vd Assem, and Dennie van Dolder), submitted.
- Behavioral Heterogeneity in Return Expectations across Equity Style Portfolios (with Philip Stork and Milan Vidojevic), submitted.
- Inattentive Search for Currency Fundamentals (with Agnieszka Markiewicz, Ralph Verhoeks, and Willem Verschoor).
- Company Name Fluency and Stock Returns (with Martijn van den Assem and Maurizio Montone).
Teaching
Remco is the academic director of the Master in Finance.
Top Financial Programme in the Heart of Amsterdam's Financial District
The MSc Finance programme at VU University ranked first among the finance programs in the Netherlands (Guide for Higher Education 2016, 2017, ánd 2018) and is competitive to any Finance major in the world. It has a reputation of training students in analytical and quantitative skills that are directly applicable in their business career.
Duisenberg Honours Programs
The MSc Finance programme has two exciting and challenging 84 ECTS honours tracks:
- Quantitative Risk Management - Finance, Econometrics, and Stochastic Procesess
- Finance and Technology - Finance, Data Science, and their Intersection
Remco is currently involved in the following courses:
- Asset Pricing (Master, VU)
- Master Thesis Finance (Master, VU)
- Behavioral Finance (PhD, Tinbergen Institute)
Ancillary activities
- Stichting Schuurman Schimmel Van Outeren | Haarlem | Bestuurder | 2018-01-01 - present
Ancillary activities are updated daily
Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.
Finance
Engineering & Materials Science
Switches
Engineering & Materials Science
Profitability
Engineering & Materials Science
Microstructure
Engineering & Materials Science
Specifications
Engineering & Materials Science
Oils
Engineering & Materials Science
Time series
Engineering & Materials Science
Costs
Engineering & Materials Science
Network
Recent external collaboration on country level. Dive into details by clicking on the dots.
Selected Research Output 2003 2019
Agreeing on disagreement: Heterogeneity or uncertainty?
ter Ellen, S., Verschoor, W. F. C. & Zwinkels, R. C. J., Jun 2019, In : Journal of Financial Markets. 44, p. 17-30 14 p.Research output: Contribution to Journal › Article › Academic › peer-review
Uncertainty
Market liquidity
Foreign exchange market
Trading activity
Forecast horizon
Investor Sentiment and Employment
Montone, M. & Zwinkels, R. C. J., 2019, (Accepted/In press) In : Journal of Financial and Quantitative Analysis.Research output: Contribution to Journal › Article › Academic › peer-review
Empirical validation of agent-based models
Lux, T. & Zwinkels, R. C. J., 2018, Handbook of Computational Economics. Hommes, C. & LeBaron, B. (eds.). Elsevier, Vol. 4. p. 437-488 (Handbook of Computational Economics).Research output: Chapter in Book / Report / Conference proceeding › Chapter › Academic › peer-review
Agent-based model
Time series
Reduced form
Nonlinearity
Macroeconomics
Time-varying arbitrage and dynamic price discovery
Frijns, B. & Zwinkels, R. C. J., Jun 2018, In : Journal of Economic Dynamics and Control. 91, p. 485-502 18 p.Research output: Contribution to Journal › Article › Academic › peer-review
Heterogeneous Agents
Arbitrage
Time-varying
Market Microstructure
High-frequency Data
Excess stock return comovement and the role of investor sentiment
Frijns, B., Verschoor, W. F. C. & Zwinkels, R. C. J., Jul 2017, In : Journal of International Financial Markets, Institutions & Money. 49, JulyResearch output: Contribution to Journal › Article › Academic › peer-review
Open Access
Behavioural Real Estate
Salzman, D. & Zwinkels, R. C. J., 2017, In : Journal of Real Estate Literature. 25, 1, p. 77-106 40 p.Research output: Contribution to Journal › Article › Academic › peer-review
Emotion
Real estate
Residential property
Consumption function
Built environment
Model Uncertainty and Exchange Rate Forecasting
Kouwenberg, R., Markiewicz, A., Verhoeks, R. & Zwinkels, R. C. J., 2017, In : Journal of Financial and Quantitative Analysis. 52, 1, p. 341-363Research output: Contribution to Journal › Article › Academic › peer-review
Open Access
Model selection
Exchange rate forecasting
Model uncertainty
Currency
Exchange rates
Mortgage Insurance Adoption in the Netherlands
Cox, R. & Zwinkels, R. C. J., 2019, (Accepted/In press) In : Real Estate Economics.Research output: Contribution to Journal › Article › Academic › peer-review
Insurance
The Netherlands
Mortgages
House prices
Overconfidence
Forecasting Crashes: Correlated Fund Flows and Skewness in Stock Returns
Gong, M., Lin, M. & Zwinkels, R. C. J., 2016, In : Journal of Financial Econometrics. 15, 1, p. 36-61Research output: Contribution to Journal › Article › Academic › peer-review
On the Style-Based Feedback Trading of Mutual Fund Managers
Frijns, B., Gilbert, A. & Zwinkels, R. C. J., 2016, In : Journal of Financial and Quantitative Analysis. 51, 3, p. 771-800Research output: Contribution to Journal › Article › Academic › peer-review
Feedback trading
Fund managers
Mutual funds
Negative feedback
Expenses
Time-Varying Importance of Country and Industry Factors in European Corporate Bonds
Qian, Z., Pieterse-Bloem, M., Verschoor, W. F. C. & Zwinkels, R. C. J., 2016, In : Journal of Empirical Finance. 38, p. 429-448Research output: Contribution to Journal › Article › Academic › peer-review
Factors
Industry
Corporate bonds
Time-varying
Financial integration
A Holistic Approach to the Predictive Power of Expected Volatility
van der Holst, G. & Zwinkels, R. C. J., 2015, In : Journal of Financial Research. 38, 4, p. 417-459Research output: Contribution to Journal › Article › Academic › peer-review
Predictive power
Holistic approach
Autoregressive conditional heteroskedasticity
Stock returns
Illiquidity
A Tale of Feedback Trading by Hedge Funds
Schauten, M. B. J., Willemstein, R. & Zwinkels, R. C. J., 2015, In : Journal of Empirical Finance. 34, December, p. 239-259Research output: Contribution to Journal › Article › Academic › peer-review
Feedback trading
Managers
Hedge funds
Factors
Positive feedback
Endogenous Price Bubbles in a Multi-Agent System of the Housing Market
Kouwenberg, R. & Zwinkels, R. C. J., 2015, In : PLoS ONE. 10, 6, p. e0129070Research output: Contribution to Journal › Article › Academic › peer-review
Open Access
bubbles
Multi agent systems
markets
Economic Models
Economics
Fundamentals or Trend? A Long-Term Perspective on House Prices
Eichholtz, P., Huisman, R. & Zwinkels, R. C. J., 2015, In : Applied Economics. 47, 10, p. 1050-1059Research output: Contribution to Journal › Article › Academic › peer-review
House prices
Economic fundamentals
Economics
Factors
Housing market
An empirical examination of heterogeneity and switching in foreign exchange markets
Goldbaum, D. & Zwinkels, R. C. J., 2014, In : Journal of Economic Behavior and Organization. 107, Part B, p. 667-684Research output: Contribution to Journal › Article › Academic › peer-review
Foreign exchange market
Fundamentalists
Forecast horizon
Chartists
Model choice
Empirical Behavioral Finance
Kliger, D., van den Assem, M. J. & Zwinkels, R. C. J., 2014, In : Journal of Economic Behavior and Organization. 107, B, p. 421-427Research output: Contribution to Journal › Article › Academic › peer-review
Forecasting the US housing market
Kouwenberg, R. & Zwinkels, R. C. J., 2014, In : International Journal of Forecasting. 30, 3, p. 415-425Research output: Contribution to Journal › Article › Academic › peer-review
Housing market
Fundamental values
Serial correlation
Weighting
Out-of-sample forecasting
Heterogeneous Expectations in Asset Pricing: Empirical Evidence from the S&P500
Chiarella, C., He, X. & Zwinkels, R. C. J., 2014, In : Journal of Economic Behavior and Organization. 105, September, p. 1-16Research output: Contribution to Journal › Article › Academic › peer-review
Bubble
Empirical evidence
Asset pricing
Heterogeneous expectations
Empirical results
Carry Trade and Foreign Exchange Rate Puzzles
Verschoor, W. F. C., Spronk, R. & Zwinkels, R. C. J., 2013, In : European Economic Review. 60, p. 17-31Research output: Contribution to Journal › Article › Academic › peer-review
Carry trade
Chartists
Foreign exchange rates
Traders
Excess volatility
Do Foreign Exchange Fund Managers Behave Like Heterogeneous Agents?
Verschoor, W. F. C. & Zwinkels, R. C. J., 2013, In : Quantitative Finance. 13, 7, p. 1125-1134Research output: Contribution to Journal › Article › Academic › peer-review
Fund managers
Heterogeneous agents
Foreign exchange
Currency
Managers
Dynamic Expectation Formation in the Foreign Exchange Market
Verschoor, W. F. C., Ter Ellen, S. & Zwinkels, R. C. J., 2013, In : Journal of International Money and Finance. 37, p. 75-97Research output: Contribution to Journal › Article › Academic › peer-review
Time-varying
Expectation formation
Exchange rates
Foreign exchange market
Survey expectations
Market Timing Ability and Mutual Funds: A Heterogeneous Agent Approach
Frijns, B., Gilbert, A. & Zwinkels, R. C. J., 2013, In : Quantitative Finance. 13, 10, p. 1613-1620Research output: Contribution to Journal › Article › Academic › peer-review
Heterogeneous agents
Market timing
Mutual funds
Income
Convexity
A New Measurement Method of Investor Overconfidence
Huisman, R., van der Sar, N. L. & Zwinkels, R. C. J., 2012, In : Economics Letters. 114, p. 69-71Research output: Contribution to Journal › Article › Academic › peer-review
Measurement method
Investors
Overconfidence
Prediction
Survey data
Explaining Dispersion in Foreign Exchange Expectations: A Heterogeneous Agent Approach
Jongen, R., Verschoor, W. F. C., Wolff, C. C. P. & Zwinkels, R. C. J., 2012, In : Journal of Economic Dynamics and Control. 36, 5, p. 719-735Research output: Contribution to Journal › Article › Academic › peer-review
Heterogeneous Agents
Forecast
Foreign Exchange Market
Private Information
Model
Modeling structural changes in the volatility process
Frijns, B., Lehnert, T. & Zwinkels, R. C. J., Jun 2011, In : Journal of Empirical Finance. 18, 3, p. 522-532 11 p.Research output: Contribution to Journal › Article › Academic › peer-review
Modeling
Structural change
GARCH model
Generalized autoregressive conditional heteroscedasticity
Benchmark
Heterogeneity of agents and exchange rate dynamics: Evidence from the EMS
De Jong, E., Verschoor, W. F. C. & Zwinkels, R. C. J., Dec 2010, In : Journal of International Money and Finance. 29, 8, p. 1652-1669 18 p.Research output: Contribution to Journal › Article › Academic › peer-review
Exchange rate dynamics
Heterogeneous agents
Random walk
Out-of-sample forecasting
Empirical results
Oil price dynamics: A behavioral finance approach with heterogeneous agents
Ellen, S. T. & Zwinkels, R. C. J., Nov 2010, In : Energy Economics. 32, 6, p. 1427-1434 8 p.Research output: Contribution to Journal › Article › Academic › peer-review
Finance
Profitability
Switches
Oils
Heterogeneous agents
Behavioral Heterogeneity in the Option Market
Frijns, B., Lehnert, T. & Zwinkels, R. C. J., 2010, In : Journal of Economic Dynamics and Control. 34, 11, p. 2273-2287Research output: Contribution to Journal › Article › Academic › peer-review
Generalized Autoregressive Conditional Heteroscedasticity
Volatility
Multinomial Logit
Heterogeneous Agents
Stock Index
Gravity equations; workhorse or Trojan horse in explaining trade and FDI patterns across time and space?
Zwinkels, R. C. J. & Beugelsdijk, S., 2010, In : International Business Review. 19, 1, p. 102-115Research output: Contribution to Journal › Article › Academic › peer-review
Behavioural heterogeneity and shift-contagion: Evidence from the Asian crisis
De Jong, E., Verschoor, W. F. C. & Zwinkels, R. C. J., Nov 2009, In : Journal of Economic Dynamics and Control. 33, 11, p. 1929-1944 16 p.Research output: Contribution to Journal › Article › Academic › peer-review
Contagion
Heterogeneous Agents
Empirical Model
Model-based
Imply
A heterogeneous route to the European monetary system crisis
De Jong, E., Verschoor, W. F. C. & Zwinkels, R. C. J., 2009, In : Applied Economics Letters. 16, 9, p. 929-932 4 p.Research output: Contribution to Journal › Article › Academic › peer-review
Exchange rate mechanism
Chartists
Heterogeneous agents
Fundamentalists
European Monetary System
The impact of horizontal and vertical FDI on host's country economic growth
Beugelsdijk, S., Smeets, R. & Zwinkels, R., Aug 2008, In : International Business Review. 17, 4, p. 452-472 21 p.Research output: Contribution to Journal › Article › Academic › peer-review
Host country
Economic growth
Endogeneity
Developed countries
Developing countries
Exchange Rate Dynamics: Fundamentals and Realignments
Zwinkels, R. C. J., 2007, Money and Finance. K. Kuttner (ed.). Lisbon: Escolar EditoraResearch output: Chapter in Book / Report / Conference proceeding › Chapter › Academic
Financial Structure and Monetary Transmission in Europe: A Cross-country Study [Review of: Financial Structure and Monetary Transmission in Europe: A Cross-country Study]
Zwinkels, R. C. J., 2003, In : Economic Journal. 113, 488, p. 419-421Research output: Contribution to Journal › Book/Film/Article review › Professional
Activities 2014 2014
- 1 Editorial work
Journal of Economic Behavior and Organization (Journal)
R.C.J. Zwinkels (Member of editorial board)2014 → …
Activity: Peer review and Editorial work › Editorial work › Academic