prof.dr.

(Mary) MA Pieterse - Bloem

Profile

The integration of financial markets and optimal portfolio allocations and diversification strategies remain subjects of intense interest in international finance. Yet, fixed income markets have taken a backseat compared to equity markets in the field. This is largely undeserved; given the size and prominence of these markets and the asset allocation share fixed income assets hold in the portfolios of investors, particularly with institutional investors. Given that the recent financial crisis originated in a subpart of fixed income markets (subprime and mortgage bonds), and has via the balance sheets of financial institutions rolled into a sovereign bond crisis, the urgency for more research on the financial integration and institutional investor behavior in fixed income markets is greater than ever.
The research subjects of international financial integration and portfolio diversification are strongly interrelated. Integrated financial markets are a prerequisite for diversified international investment portfolios. In turn, the extent in which portfolios are diversified is indicative for the degree of financial integration that has been achieved. The desire to increase financial benefits from more optimal portfolio allocations is often a leading force in the further breakdown of any remaining barriers between national financial markets. In this sense there is an ongoing dynamic interaction between financial integration and international diversification. New techniques have in the past decade been developed in the dual study of international financial integration and the benefits of international portfolio diversification. Erasmus School of Economics (ESE) is at the forefront of applying these new techniques to fixed income markets in an econometric-empirical research setting. The novelty in this research is that new and promising techniques in the field are adapted and applied to fixed income markets.

• All publications (8)

  • Article (4)

    • M.A. Pieterse - Bloem, B. Buis, W.F.C. Verschoor & R.C.J. Zwinkels (2020). Expected issuance fees and market liquidity. Journal of Financial Markets, 48. doi: 10.1016/j.finmar.2019.100514
    • M. Pieterse-Bloem, Z. Qian, R.C.J. Zwinkels & W.F.C. Verschoor (2016). Time-varying importance of country and industry factors in European corporate bonds. Journal of Empirical Finance, 38 (A), 429-448. doi: 10.1016/j.jempfin.2016.01.010
    • M. Pieterse-Bloem, K. Bouwman, W.W. Tham & B. Buis (2015). A practical approach to constructing price-based funding liquidity factors. International Review of Economics and Finance, 40, 90-97. doi: 10.2016?j.iref.2015.02.007
    • M. Pieterse-Bloem & R.J. Mahieu (2013). Factor decomposition and diversification in European corporate bond markets. Journal of International Money and Finance, 32 (February), 194-213. doi: 10.1016/j.jimonfin.2012.04.005

  • Book / Monograph / Book editorial (1)

    • M. Pieterse-Bloem (2012). EMU and Bond Market Integration. Saarbrucken: LAP LAMBERT Academic Publishing

  • Part of book - Chapter (2)

    • M. Pieterse-Bloem (1998). The Euro Government Bond Markets. In Paul Temperton (Ed.), The Euro (1st Edition). Wiley
    • M. Pieterse-Bloem (1997). The European Currency Unit. In N Battley (Ed.), The European Bond Markets: An Overview and Analysis for Issuers and Investors (6th Revised edition). McGraw-Hill Publishing Co

  • Doctoral thesis (1)

    • M. Pieterse-Bloem (2011, mei 13). The Effect of EMU on Bond Market Integration and Investor Portfolio Allocations. Tilburg University (215 pag.) Prom./coprom.: Prof.Dr. S.C.W. Eijffinger & D.M.N. Van Wensveen.

• Teaching (1)

  Fixed Income Securities and Portfolio Ma

  Title

  Fixed Income Securities and Portfolio Ma

  Year

  2020

  Year level

  master

• PhD list (1)

  • Zhaowen Qian

    Time-Varying Integration and Portfolio Choices in the European Capital Markets

    • 2012 - 2020

• Present position

  Endowed Professor

  University

  Erasmus University Rotterdam

  School

  Erasmus School of Economics

  Department

  Business Economics

  Country

  The Netherlands

  Telephone

  0104088910

• Other positions (5)

  ING Investment Management

  Role

  Senior Investment Strategist

  Obtained Wage

  yes

  Start date approval

  Sep/2011

  End date approval

  Nov/2012

  Societe Generale

  Role

  Research Internship - CBIC Fixed Income

  Obtained Wage

  no

  Start date approval

  Apr/2008

  End date approval

  Oct/2008

  European Central Bank

  Role

  visiting Researcher - Financial Research Division

  Obtained Wage

  no

  Start date approval

  Jul/2008

  End date approval

  Jul/2008

  APG Asset Management

  Role

  Senior Strategist

  Obtained Wage

  yes

  Start date approval

  Dec/2012

  ABN AMRO PBI

  Role

  Global Head of Fixed Income Strategy & Portfolio Management

  Obtained Wage

  yes

  Start date approval

  Sep/2015