Razvan Vlahu
Short Bio
Razvan Vlahu is a Principal Economist in the Economics and Research Division of De Nederlandsche Bank. He represented DNB in several consultative bodies, including those of the BIS (BCBS Research Task Force/Research Group) and the ECB (Macro-prudential Research Network). Razvan has held visiting positions at the Toulouse School of Economics (IDEI), the Bank of Finland, and the National Bank of Romania and worked in the DNB’s Financial Stability Division (Macroprudential Analysis). He is also affiliated with the University of Amsterdam, where he teaches graduate banking and risk management courses.
Education
2010 - Ph.D. Finance, University of Amsterdam
2005 - M.Phil. Economics, Tinbergen Institute
2003 - B.Sc.Finance, Academy of Economic Studies, Bucharest
2001 - B.Sc.Economics, Academy of Economic Studies, Bucharest
Research interests
- Banking
- Financial intermediation
- Financial stability
- Regulation
- Governance and resolution of banks
Work in progress
Beyond financing: Effects of changes in bank relationships on client-firms (with Steven Poelhekke and Vadym Volosovych)
Cross-border banking, intragroup exposures, and bank risk-taking (with Eric Cuijpers)
Borrower runs and the lender of last resort
Central bank digital currencies and financial stability: Market discipline in the era of digital money
Regulation, supranational bank supervision and the corporate structure of foreign affiliates (with Natalya Martynova)
Working papers
Credit ratings and investments (with Anna Bayona and Oana Peia), DNB Working Paper No. 776, 2023. Latest version. See also SUERF policy brief.
Recourse and (strategic) mortgage defaults: Evidence from changes in housing market laws (with Alin Andries, Anca Copaciu and Radu Popa), DNB Working Paper No. 727, 2021. Latest version
Corporate acquisitions and bank relationships (with Steven Poelhekke and Vadym Volosovych), DNB Working Paper No. 726, 2021. Latest version
Publications in refereed journals
König-Kersting, Christian, Stefan Trautmann and Razvan Vlahu (2022), Bank instability: Interbank linkages and the role of disclosure, Journal of Banking and Finance 134, 106353. Download
Stanga, Irina, Razvan Vlahu and Jakob de Haan (2020), Mortgage arrears, regulation and institutions: Cross-country evidence, Journal of Banking and Finance 118, 105889. Download. See also Vox column
Martynova, Natalya, Lev Ratnovski and Razvan Vlahu (2020), Bank profitability, leverage constraints, and risk-taking, Journal of Financial Intermediation 44, 100821. Download
Brown, Martin, Stefan Trautmann and Razvan Vlahu (2017), Understanding bank-run contagion, Management Science 63(7), 2272-2282. Download. See also Vox column
de Haan, Jakob, and Razvan Vlahu (2016), Corporate governance of banks: A survey, Journal of Economic Surveys,30(2), 228-277. Download
Trautmann, Stefan, and Razvan Vlahu (2013), Strategic loan defaults and coordination: An experimental analysis, Journal of Banking and Finance 37(3), 747-760. Download. See also Vox column
Perotti, Enrico, Lev Ratnovski and Razvan Vlahu (2011), Capital regulation and tail risk, International Journal of Central Banking 7(4), 123-163. Download. See also Vox column
Books and publications in books
Marinc, Matej, and Razvan Vlahu (2011), The Economics of Bank Bankruptcy Law, Springer.
Other publications
Boermans, Martijn, Sinziana Petrescu, and Razvan Vlahu (2014), De toekomst voor CoCo-obligaties (The future of CoCo bonds), Economisch Statistische Berichten 4695, 616-619. Download
The economic perspective of bank bankruptcy law (with Matej Marinc), DNB Working Paper No. 310, 2011. Download
See also my Google Scholar, RePEc, and SSRN pages and my contributions to VoxEU and SUERF.
Latest update: January 2024