Harry Huizinga
Date of birth:
Nationality :
Work address:
May 3, 1963
Dutch
Tilburg University
School of Economics and Management
PO Box 90153
5000 LE Tilburg
The Netherlands
Tel: +31-13-466-2623
Fax: +31-13-466-3042
E-mail: huizinga@uvt.nl
Education
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Harvard University, Cambridge, MA, 1984-1988.
MA, PhD in Economics.
Dissertation title: Fiscal Aspects of Exchange Rate Policy in Developing Countries.
Advisor: Jeffrey Sachs
Princeton University, Princeton, NJ, 1982-1984.
BA in Economics.
Bowdoin College, Brunswick, ME, 1981-1982.
Employment
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Professor of International Economics, Tilburg University, The Netherlands, since
1992.
Chairman, European Banking Center, since 2015.
Director, Graduate School of Economics, 2002-2006.
Economic Adviser, Directorate General for Economic and Financial Affairs, European
Commission, Brussels, 2000-2003.
Assistant Professor of Economics, Stanford University, Stanford, CA, 1988-1992.
Appointments
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Author of Briefing Paper, European Parliament, 2015.
Member, Scientific Advisory Board, Mannheim Taxation Scientific Campus, since
2014.
Research Fellow, Centre for Economic Policy Research, London, since 1997.
International Research Fellow, Centre for Business Taxation, Oxford University, since
2005.
Consultant to the World Bank, since 2008.
Member, Group of Economic Analysis of the President of the European
Commission, 2001-2004.
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Visitor, Development Research Group, World Bank, Washington, DC, January-June
1997.
Duisenberg Research Fellow, Directorate General for Research, European Central
Bank, Frankfurt, April-June 2010.
Visiting Scholar, International Monetary Fund, Washington, DC,
Research Department, 1991 and 2008,
Fiscal Affairs Department, 1993 and 1996.
Summer Intern, Exchange and Trade Relations Department, International Monetary
Fund, 1985.
Short-term consultant to Banca d’Italia, OECD, and Inter-American Development
Bank.
Editorial activities
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Member, Editorial Board, International Tax and Public Finance, since 1999.
Editor, FinanzArchiv, 2004- 2009.
Associate Editor, Journal of Public Economics, 2001-2005.
Member, Editorial Board, Journal of Macroeconomics, 2003-2005.
Member, Editorial Board, European Journal of Political Economy, 2000-2005.
Member, Economic Policy Panel, Economic Policy, 1999-2000.
Organization of international conferences
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Co-organizer of conference on ‘Banks and the Public Finances’ at Tilburg University,
2012.
Program committee member of annual conferences of International Institute for Public
Finance, 2010 and 2012.
Co-organizer of conference on ‘Banking and the Globalisation of Finance’ at Dutch
Central Bank, 2011.
Co-organizer of conference on ‘Financial Stability – Causes, Consequences and
Policies’ at Tilburg University, 2009.
Co-organizer of conference on ‘The Internationalisation of Asset Ownership in
Europe’ at the European Commission, 2003.
Books
Positive Political Economy: Theory and Evidence, 1998, editor with S. Eijffinger, Cambridge
University Press, Cambridge.
Belastingherziening in het Fin de Siècle (Preadviezen van de Koninklijke Vereniging voor
Staathuishoudkunde), editor, 1998, Lemma, Utrecht.
The Internationalisation of Asset Ownership in Europe, 2005, editor with L. Jonung,
Cambridge University Press.
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Articles in English
U.S. Commercial Banks and the Developing Country Debt Crisis (with J. Sachs), 1987,
Brookings Papers on Economic Activity, 555-601.
The Commercial Bank Claims on Developing Countries: How Have the Banks Been
Affected, 1989, in H. Ishrat and I. Diwan (eds.), Dealing with the Debt Crisis, World Bank.
Unions, Taxes and the Structure of Multinational Enterprises, 1990, Economics Letters 34,
73-75.
National Tax Policies Towards Product-Innovating Multinational Enterprises, 1991, Journal
of Public Economics 44, 1-14.
Foreign Investment Incentives and International Cross-Hauling of Capital, 1991, Canadian
Journal of Economics 24, 710-716.
Law Enforcement and the Black Market Exchange Rate, 1991, Journal of International
Money and Finance 10, 527-540.
Book review of ‘Debt and Crisis in Latin America: The Supply Side Story’, by R. Devlin,
1991, Journal of International Economics 31, 195-197.
Book review of ‘The International Debt Crisis in Historical Perspective', edited by B.
Eichengreen and P. Lindert, 1991, Journal of Economic Literature 39, 99-101.
The Tax Treatment of R & D Expenditures of Multinational Enterprises, 1992, Journal of
Public Economics 47, 343-359.
Official Credits to Developing Countries: Implicit Transfers to the Banks (with A. DemirgüçKunt), 1993, Journal of Money, Credit and Banking 25, 430-444.
International Market Integration and Union Wage Bargaining, 1993 Scandinavian Journal of
Economics 95, 249-255.
Book review of ‘A General Equilibrium Analysis of U.S. Foreign Trade Policy’, by J. de
Melo and D. Tarr, 1993, Journal of Economic Literature 31, 1459-1460.
Barriers to Portfolio Investments in Emerging Stock Markets: Direct and Indirect Barriers
(with A. Demirgüç-Kunt), 1994, in S. Claessens, a S. Gooptu and M. Howell (eds.) Investing
in Emerging Markets (Euromoney Books, London).
International Interest Withholding Taxation: Prospects for a Common European Policy, 1994,
International Tax and Public Finance 1, 277-291.
The Political Economy of Price Ceilings for Necessities, 1995, Journal of Development
Economics 47, 443-454.
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Taxation and the Transfer of Technology by Multinational Firms, 1995, Canadian Journal of
Economics 28, 648-655.
The Optimal Taxation of Savings and Investment in an Open Economy, 1995, Economics
Letters 47, 59-62.
Barriers to Portfolio Investment in Emerging Stock Markets (with A. Demirgüç-Kunt), 1995,
Journal of Development Economics 47, 355-374.
The Incidence of Interest Withholding Taxes: Evidence From the LDC Loan Market, 1996,
Journal of Public Economics 59, 435-451.
Taxation, Time Preference and Long Term International Lending, 1996, International Tax
and Public Finance 3, 515-522.
Capital Income and Profit Taxation with Foreign Ownership of Firms (with S. Nielsen), 1997,
Journal of International Economics 42, 149-165.
Migration and Income Transfers in the Presence of Labor Quality Differences, 1997, in Fiscal
Aspects of Evolving Federations, D. Wildasin, ed. (Cambridge University Press,
Cambridge).
Real Exchange Rate Misalignment and Redistribution, 1997, European Economic Review 41,
259-277.
Unemployment Benefits and Redistributive Taxation in the Presence of Labor Quality
Externalities, 1998, in Positive Political Economy: Theory and Evidence, S. Eijffinger and H.
Huizinga, eds. (Cambridge University Press, Cambridge).
Short-Term and Long-Term Government Debt and Nonresident Interest Withholding Taxes
(with S. Eijffinger and J. Lemmen), 1998, Journal of Public Economics 68, 309-334.
A Two-Region Model of Redistribution, Migration and International Trade, 1999, Journal of
Public Economics 71, 335-354.
Determinants of Commercial Bank Interest Margins and Profitability: Some International
Evidence (with A. Demirgüç-Kunt), 1999, World Bank Economic Review 13, 379-408.
Economic Integration and Firm-Union Interaction: The Role of Market Structure (with K.C.
Fung), 1999, Journal of Economic Integration 14, 554-571.
Intrafirm Information Management and Wage Dynamics, 2000, European Economic Review
44, 163-180.
Comment on ‘Unemployment, Growth and Taxation in Industrial Countries’, 2000, Economic
Policy 30, 92-94.
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Comment on ‘The Netherlands and the United Kingdom, a European Unemployment
Miracle?’, 2000, Economic Policy 30, 175-177.
Comment on ‘Taxation for the 21st Century: the Automated Payment Transaction (APT) Tax’,
2000, Economic Policy 31, 505-507.
The Role of Foreign Banks in Domestic Banking Systems? (with C. Claessens and A.
Demirgüç-Kunt), 2000, in The Internationalization of Financial Services, Issues and Lessons
for Developing Countries, S. Claessens and M. Jansen, eds. (Kluwer Law International,
Dordrecht).
The Taxation of Interest in Europe: a Minimum Withholding Tax (with S. Nielsen), 2000, in
Taxing Capital Income in the European Union, Issues and Options for Reform, S. Cnossen,
ed. (Oxford University Press, Oxford).
The Taxation of Domestic and Foreign Banks (with A. Demirgüç-Kunt), 2001, Journal of
Public Economics 79, 429-453.
How Does Foreign Entry Affect Domestic Banking Markets? (with C. Claessens and A.
Demirgüç-Kunt), 2001, Journal of Banking and Finance 25, 891-911.
Privatization, Public Investment, and Capital Income Taxation (with S. Nielsen), 2001,
Journal of Public Economics 82, 399-414.
Financial Structure and Bank Profitability (with A. Demirgüç-Kunt), 2001, in Financial
Structure and Economic Growth, A. Demirgüç-Kunt and R. Levine, eds. (MIT Press).
The Coordination of Capital Income and Profit Taxation with Cross-Ownership of Firms
(with S. Nielsen), 2002, Regional Science and Urban Economics 32, 1-26.
A European VAT on Financial Services?, Economic Policy, October 2002.
EMU and Financial Market Structure, 2002, in EMU and Economic Policy in Europe, edited
by Marco Buti and André Sapir, Edgar Elgar.
Comment on ‘European Banking, Past, Present, and Future’, 2002, The Transformation of the
European Financial System, V. Gaspar, Ph. Hartmann and O. Sleijpen, editors, European
Central Bank.
Withholding Taxes or Information Exchange: the Taxation of International Interest Flows
(with S. Nielsen), 2003, Journal of Public Economics 87, 39-72.
Are International Deposits Tax-Driven? (with G. Nicodème), 2004, Journal of Public
Economics 88, 1093-1118.
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Market Discipline and Deposit Insurance (with A. Demirgüç-Kunt), 2004, Journal of
Monetary Economics 51, 375-399.
The Southern African Development Community: Suitable for a Monetary Union? (with Y.
Khamfula), 2004, Journal of Development Economics, 699-714.
The Taxation of Banking in an Integrating Europe, 2004, International Tax and Public
Finance 11, 551-586.
Foreign Ownership and Corporate Income Taxation: an Empirical Evaluation (with G.
Nicodème), 2006, European Economic Review 50, 1223-1244.
Deposit Insurance and International Bank Liabilities (with G. Nicodème), 2006, Journal of
Banking and Finance 30, 965-987.
Capital Structure and International Debt Shifting (with L. Laeven and G. Nicodème), 2008,
Journal of Financial Economics 88, 80-118.
International Profit-shifting Within Multinationals: a Multi-country Perspective (with L.
Laeven), 2008, Journal of Public Economics 92, 1164-1182.
Must Losing Taxes on Saving be Harmful? (with S. Nielsen), 2008, Journal of Public
Economics 92, 1183-1192.
Capital Income Tax Coordination in the European Union: a Blueprint for Latin America?,
2008, in Taxation and Latin American Integration, V. Tanzi, A. Barreix, and L. Villela, eds.
(Inter-American Development Bank, and David Rockefeller Center for Latin American
Studies, Harvard University).
The EU Deposit Insurance Directive: Does One Size Fit All?, 2008, in Deposit insurance
around the world, issues of design and implementation, A. Demirgüç-Kunt, E. Kane, and L.
Laeven, eds. (The MIT Press, Cambridge, MA).
International Taxation and the Direction and Volume of Cross-border M&As (with Johannes
Voget), 2009, Journal of Finance 64, 1217-1249.
Comment on ‘Taxing corporate income’, 2010, in Dimensions of Tax Design, The Mirrlees
Review, J. Mirrlees et al., eds., Institute for Fiscal Studies (Oxford University Press,
Oxford).
Bank Activity and Funding Strategies: The Impact on Risk and Return (with A. DemirgüçKunt), 2010, Journal of Financial Economics 98, 626-650.
Bank Valuation and Accounting Discretion during a Financial Crisis (with L. Laeven), 2012,
Journal of Financial Economics 106, 614-634
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Who Bears the Burden of International Taxation? Evidence from Cross-border M&As (with J.
Voget and W. Wagner), 2012, Journal of International Economics 88, 186-197.
International Taxation and Multinational Firm Location Decisions (with S. Barrios, L.
Laeven, and G. Nicodème), 2012, Journal of Public Economics 96, 46-958.
Are Banks Too Big to Fail or Too Big to Save? International Evidence from Equity Prices and
CDS Spreads (with A. Demirgüç-Kunt), 2013, Journal of Banking and Finance 37, 875-894.
Do We Need Big Banks? Evidence on Performance, Strategy and Market Discipline (with A.
Bertay and A. Demirgüç-Kunt), 2013, Journal of Financial Intermediation 22, 532-558.
International Taxation and Cross-border Banking (with J. Voget and W. Wagner), 2014,
American Economic Journal: Economic Policy 6, 94-125.
Size and the Stability of Banks (with A. Bertay and A. Demirgüç-Kunt), 2014, J. de Haan and
A. Bruinshoofd, eds., SUERF Study 2014/2.
Bank Ownership and Credit over the Business Cycle: Is Lending by State Banks Less
Procyclical? (with A. Bertay and A. Demirgüç-Kunt), 2015, Journal of Banking and Finance
50, 326-339.
Does the European Financial Stability Fund Bail out Sovereigns or Banks? An Event Study?
(with B. Horvath), 2015, Journal of Money, Credit and Banking 47, 177-206.
Have European Banks Actually Changed Since the Crisis? (with A. Bertay), 2015, European
Parliament.
The Effect of Personal Bankruptcy Exemptions on Investment in Home Equity (with S.
Corradin, R. Gropp, and L. Laeven), forthcoming in Journal of Financial Intermediation.
Articles in Dutch
Wereldbank, Kennisbank, 1997, Economisch Statistische Berichten 82, 671.
Naar een Europese Bronbelasting op Rente (with S. Eijffinger and J. Lemmen), 1997,
Economisch Statistische Berichten 82, 840-842
Belastingharmonisatie in de EMU, 1997, in De EMU in Breed Perspectief (Preadviezen van
de Koninklijke Vereniging voor de Staathuishoudkunde), H. Jager, ed. (Lemma, Utrecht).
Zijn Nederlandse Banken Efficiёnt?, 1998, Economisch Statistische Berichten 83, 208-211.
Nederland Ligt in Europa (with S. Eijffinger), 1998, Economisch Statistische Berichten 83,
248-249.
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Vrije Toetreding Beperkt Bankmacht, 1998, Economisch Statistische Berichten 83, 379-380.
De Toetreding van Buitenlandse Banken, 1998, Economisch Statistische Berichten 83, 519522.
De Ondernemende Overheid, Belasting en Privatisering, 1998, Economische Statistisch
Berichten 83, 604-607.
BTW voor Banken, 1998, Economisch Statistische Berichten, 1998, 719-722.
De Zalmnorm Gefileerd, 1998, Economisch Statistische Berichten, 1998, 851.
Introductie, in Belastingherziening in het Fin de Siècle (Preadviezen van de Koninklijke
Vereniging voor de Staathuishoudkunde), H. Huizinga, ed. (Lemma, Utrecht),
De Overheid Staat Garant (with B. Goderis), 1999, Economisch Statistische Berichten, 152154.
Boekhouden van Schuldgaranties in de VS (with B. Goderis), 1999, Economisch Statistische
Berichten, 155.
De Frequentie van het Monetaire Beleid (with S. Eijffinger), 1999, Economisch Statistische
Berichten, 209-211.
Het Politieke Spel rond de EMU, 1999, Economisch Statistische Berichten, 313-314.
Bankverzekering als Concurrentievervalsing, 1999, Economisch Statistische Berichten, 523.
Belastingconcurrentie in Cyberspace, 1999, Economisch Statistische Berichten, 767.
Optimale Valuta voor Mundell, 1999, Economisch Statistische Berichten, 800-802.
VoxEU columns
A Common EU Approach to Corporate Taxation (with L. Laeven), 9 December 2008.
Fiddling with Accounting Rules Won’t Fix the Banks (with L. Laeven), 7 October 2009.
US Overinvestment in Housing: Was the Bankruptcy Code to Blame? (with S. Corradin, R.
Gropp, and L. Laeven), 25 January 2011.
Do We Need Big Banks? (with A. Demirgüç-Kunt), 18 March 2011.
Why Banks are Under-taxed and What to Do about It (with J. Voget and W. Wagner), 11 July
2011.
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Taxing Banks – Here We Go Again! (with T. Beck), 25 October 2011.
The EFSF: Unfinished Business (with B. Horvath), 30 November 2011.
Is Lending by State Banks More Stable over the Business Cycle? (with A. Bertay and A.
Demirgüç-Kunt), 2 August 2012.
Capital gains Taxation and the Cost of Capital (with J. Voget and W. Wagner), 31 October
2012.
The Urgent Need to Recapitalise Europe’s Banks (with H. Benink), 5 June 2013.
How to Limit the ECB’s OMT? (with H. Benink), 12 July 2013
Good Corporate Governance is Bad for Bank Capitalisation (with D. Anginer, A. DemirgucKunt, and K. Ma), 10 November 2013.
Thin Capitalisation Rules and Corporate Leverage (with J. Blouin, L. Laeven, and G.
Nicodème), 29 March 2014
Limits of Eurozone National Risk-sharing (with H. Benink), 16 May 2015.
European Banks’ Sovereign Debt Home Bias: Voluntary or Involuntary? (with B. Horváth,
and V. Ioannidou), 31 July 2015
Opinion articles in newspapers
Financial Times
Wall Street Journal
Handelsblatt
Financieel Dagblad
NRC Handelsblad
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