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Laurens Swinkels

@lswinkels.bsky.social

2.2K followers 1.9K following 250 posts

Associate Professor of Finance at Erasmus University Rotterdam and Executive Director at Robeco Asset Management. www.laurensswinkels.com #FinSky #EconSky 📍Oslo, Norway 🇳🇴

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Laurens Swinkels @lswinkels.bsky.social · 42m

Just published a new paper on investing in emerging markets debt in the Journal of Asset Management. Free to download from the link below.

#EMD #EmergingMarkets #Investing #FinSky #EconSky #Academic

Exploring emerging markets debt: Bond voyage?

rdcu.be

Reposted by Laurens Swinkels

Jason Furman @jasonfurman.bsky.social · 14d

Bernanke, Cochrane, Greenspan, Mankiw, Paulson, Rogoff, Romer, Rubin, Summers, Yellen, etc & me: "allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed." www.supremecourt.gov/DocketPDF/25...

www.supremecourt.gov

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Laurens Swinkels @lswinkels.bsky.social · 17d

Our new report with capital market assumptions for the next five years: "The Stale Renaissance".

#FinSky #EconSky #Investing #Investment #Stocks #Bonds

5-year Expected Returns: The Stale Renaissance | Robeco Global

Robeco publishes Expected Returns 2026-2030

www.robeco.com

Reposted by Jonathan Portes, Christian Odendahl, Simon Wren‐Lewis , and 1 more Jonathan Portes, Christian Odendahl, Simon Wren‐Lewis, Laurens Swinkels

Toby Nangle @tobyn.bsky.social · 25d

Post no one asked for on how to compare bond yields across currencies (more) properly. on.ft.com/48fJTIf

10yr govt bond yields asset swapped to USD to enable like-for-like comparison.

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Laurens Swinkels @lswinkels.bsky.social · 28d

🤣

Laurens Swinkels @lswinkels.bsky.social · 29d

First thought that this was about stocks that Republican voters like, but the term red turns out to be related to something completely different, accounting related: "The Rise of Red Equity"

Link to paper: dx.doi.org/10.2139/ssrn...

#Investing #EconSky #FinSky #Stocks #Equities #Red

Reposted by Tomasz Mickiewicz, Laurens Swinkels, Maksym Polyakov

Justin Wolfers @justinwolfers.bsky.social · Sep 7

Lemme speak with directness and a sense of urgency about our most important economic threats, and what history teaches us about moments like this.

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Reposted by Laurens Swinkels

Toby Nangle @tobyn.bsky.social · Sep 5

FX hedging sounds mysterious & intimidating/ super simple depending on your knowledge.

Its pretty basic maths informs massive capital allocations.

A no equation explainer: on.ft.com/4p7CwsD

Chart showing 10yr yield on core govt bonds plus the one month forward “hedging pick up” annualised for a USD investor.

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Laurens Swinkels @lswinkels.bsky.social · Sep 1

So much for the energy transition...

#climate #sustainability #ESG #investing

US shareholders fail to vote through any green proposals for first time in 6 years

This year’s proxy season highlights diminishing investor support for climate agenda

on.ft.com

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Reposted by Laurens Swinkels

Financial Times @financialtimes.com · Aug 26

Opinion: On the assumption that a chaotic, incoherent trade war was baked in the cake, FT Alphaville’s main bet for a financial-economic calamity under Trump 2.0 has long been that he launches a full assault on the Fed. Well, it's here now. on.ft.com/3HRQKgo

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Laurens Swinkels @lswinkels.bsky.social · Aug 26

"Norway's Northern Lights CCS project starts operations with first CO2 injected"

#Climate #Norway #Carbon #CarbonCapture #Sustainability

Norway's Northern Lights CCS project starts operations with first CO2 injected

The first volumes of carbon dioxide (CO2) have been injected and stored as part of Norway's Northern Lights carbon capture and storage (CCS) project, marking the start of operations, owners Shell , Equinor and TotalEnergies said on Monday.

www.reuters.com

Reposted by Georg Weizsäcker

Laurens Swinkels @lswinkels.bsky.social · Aug 26

Despite the US backtracking on its energy transition ambitions (trying to forbid emissions trading schemes for example), China seems to keep moving full speed ahead...

#Climate #Sustainability #China #Investing #Carbon #Emissions #Energy

China issues guideline to advance low-carbon transition, strengthen national carbon trading market

China has unveiled a guideline to accelerate the country's green and low-carbon transition and strengthen the construction of the national carbon trading market.

english.www.gov.cn

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Laurens Swinkels @lswinkels.bsky.social · Aug 25

Very sad to have lost such brilliant colleague and coauthor.

In Memoriam Professor Benedict Dellaert

It is with deep sadness that we learned of the passing of Professor Benedict Dellaert on August 20, 2025.

www.eur.nl

Reposted by Laurens Swinkels

VoxEU @ CEPR @voxeu.org · Aug 25

Measures of physical climate risk lead to slightly lower credit ratings. Ambitious CO2 reduction targets and actual emissions reductions have been reflected in higher ratings, but only since the 2015 Paris Agreement.
L Cappiello, G Ferrucci, A Maddaloni, V Veggente
cepr.org/voxeu/column...
#EconSky

Graph showing the economic impact of temperature anomalies on sovereign credit ratings (credit rating notches).

Climate-related risks are increasingly recognised as an important threat to long-term fiscal sustainability. This column studies the extent to which credit rating agencies integrate these risks into their sovereign rating assessments. It finds that measures of physical risk lead to lower credit ratings, but the impacts are small in magnitude. Ambitious CO2 reduction targets and actual emission reductions have been reflected in higher ratings, but only since the 2015 Paris Agreement. These findings highlight the need for caution in using credit ratings for regulatory and macroeconomic policy, as they seem to only partially account for environmental considerations.

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Laurens Swinkels @lswinkels.bsky.social · Aug 25

A practical way to approach lifecycle investing for retirement

Link to paper: doi.org/10.3386/w34166

#pension #retirement #finance #investing #econsky

Reposted by Laurens Swinkels

Peterson Institute for International Economics @piie.com · Aug 22

Average US tariffs on Chinese exports now stand at 57.6 percent and cover 100 percent of all goods. China's average tariffs on US exports are at 32.6 percent and cover 100 percent of all goods, according to ‪@chadpbown.com‬ tracker update:

US-China Trade War Tariffs: An Up-to-Date Chart

www.piie.com

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Laurens Swinkels @lswinkels.bsky.social · Aug 22

Researchers at the FED examined the uptake of flood insurance and the location people live: "Flood Risk and Flood Insurance"

Link to research: libertystreeteconomics.newyorkfed.org/2025/08/floo...

#Climate #Economics #Flood

Flood Risk and Flood Insurance - Liberty Street Economics

A look at the state of the flood insurance market and how mortgage lenders manage their exposure to flood risk.

libertystreeteconomics.newyorkfed.org

Laurens Swinkels @lswinkels.bsky.social · Aug 21

"The value of finance journals" by Professor Douglas Cumming

Link to paper: doi.org/10.48550/arX...

#finance #academic #journals #valuation

Laurens Swinkels @lswinkels.bsky.social · Aug 13

Morning walk in Vaasa 🇫🇮

Laurens Swinkels @lswinkels.bsky.social · Aug 12

It is called a ‘skolebolle’ - school bun - custard with bread and coconut sprinkles on top. The softdrink is some kind of alcohol free beer (vørterøl), typically consumed after exercise.

Laurens Swinkels @lswinkels.bsky.social · Aug 8

At a carbon emission price of $10 per tonne, the incentive to decarbonize seems too low.

#sustainability #climate #carbon #investing #finance

EU importers to face full CBAM costs despite China ETS

Search and filter all the latest news, prices and analysis for carbon offset markets from Quantum Commodity Intelligence.

www.qcintel.com

Laurens Swinkels @lswinkels.bsky.social · Aug 7

Japan also going for tokenization of real estate: "MUFG to Tokenize $681M Osaka Skyscraper in Landmark Real Estate Move"

#crypto #blockchain #tokenization #realestate #investing #japan

MUFG To Tokenize $681M Osaka Skyscraper In Landmark Real Estate Move - FinanceFeeds

In a pioneering move for Japan’s real estate and digital asset sectors, Mitsubishi UFJ Trust and Banking—a core unit of Mitsubishi UFJ Financial Group

financefeeds.com

Laurens Swinkels @lswinkels.bsky.social · Aug 7

Retail investors in the UK can now also buy crypto-linked products on regulated exchanges.

#crypto #investing #UK #tokenization

UK crypto investors hail regulatory changes as ‘pivotal moment’

FCA’s lifting of ban compared with ‘Big Bang’ reforms of the late 1980s

on.ft.com

Laurens Swinkels @lswinkels.bsky.social · Aug 6

??? Risk sharing is the essence of financial markets…

Laurens Swinkels @lswinkels.bsky.social · Aug 6

In Scandinavia (also Europe), school starts in two weeks 😀

Laurens Swinkels @lswinkels.bsky.social · Aug 6

Despite the enormous abuse in the years before the Global Financial Crisis, CDOs still exist today as products to facilitate risk sharing in financial markets.

Laurens Swinkels @lswinkels.bsky.social · Aug 4

New paper "International Climate News" extending the line of research examining US climate news.

#sustainability #climate #econsky

Link to paper: www.nber.org/papers/w34084

Laurens Swinkels @lswinkels.bsky.social · Aug 3

Morning walk in Oslo 🇳🇴 (Skjærsjøen)

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Laurens Swinkels @lswinkels.bsky.social · Aug 1

Job advice from 🇳🇴

#Norway #NBIM

NBIM chief Tangen reveals how he kept his job amid Elon Musk text furore

CEO of Norway's SWF publishes book on leadership, compiling podcast interviews

www.ipe.com

Laurens Swinkels @lswinkels.bsky.social · Aug 1

New great policy paper by @climate.columbia.edu dedicated to directing finance to where its marginal revenues are the highest: "Lowering the Cost of Capital for Climate and SDG Finance in Emerging Markets and Developing Economies"

#sustainability #SDG #finance #investing #capital

Lowering the Cost of Capital for Climate and SDG Finance in Emerging Markets and Developing Economies | Columbia Center on Sustainable Investment

ccsi.columbia.edu

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