I am an applied econometrician and mathematician with a broad interest in finance and economics and a special interest in the theme of risk & investments (banks, insurance companies and other large financial institutions). The continuous thread (not threat!) in my work is the use of econometric and statistical methods. The key message of a large part of my academic work is that such methods are essential for correctly answering questions in finance and economics.
During the past >20 years, I have designed and taught various BSc and MSc courses in the field of risk theory, actuarial finance, financial econometrics and applied statistics. I also have experience with executive teaching in the field of financial risk management. As a supervisor, I have supervised many BSc and MSc theses. Under my supervision as a promotor, several PhD students successfully completed and defended their thesis.
1999 - 2003: PhD in Financial Econometrics, Tilburg University. Dissertation title: Empirical Studies of Market Microstructure. Supervisors: Theo Nijman and Arthur van Soest.
1996 - 2000: MSc Mathematics (specialization Probability Theory and Statistics), Vrije Universiteit Amsterdam (cum laude).
1995 - 1999: MA Econometrics (specialization Operations Research), Vrije Universiteit Amsterdam (cum laude).
2021 - present: University of Twente, Faculty of Behavioural, Management and Social Sciences
2006 - 2021: University of Groningen, Faculty of Economics and Business
2004 - 2006: University of Twente, Financial Engineering Lab
2003 - 2004: Pension and Insurance Supervisory Authority / Dutch Central Bank
My research focuses on themes in risk and investments, especially issues related to banks and other large financial institutions. The key message of a large part of my academic work is that the choice of the quantitative method is key to correctly answering questions in this field.
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In 2012, I received an NWO VIDI grant for the project "Banking competition and macroeconomic performance". This grant was used to set up a research group for developing new measures of market power and for analyzing the impact of banking competition on economic growth and financial stability. Pieter IJtsma was involved as a PhD student and successfully defended his thesis "Financial stability, economic growth, and the banking sector". Michaelis Zaouras was involved as a poct-doctoral reseacher.
In 2017, I was awarded a KNAW-NIAS Fellowship for the project "Scale effects in the U.S. banking sector: A paradox?", so I spent the academic year 2017-2018 at the NIAS (=Netherlands Institute for Advanced Study) in Amsterdam. During this year I studied scale effects in the U.S. banking sector. See also https://nias.knaw.nl/fellow/spierdijk-laura/