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Address: Room G-514, 11 Pokrovsky Blv., Moscow
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ORCID: 0000-0002-4159-8083
ResearcherID: N-7059-2019
Scopus AuthorID: 6602890065
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M. M. Yudkevich
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Koen Schoors

  • Koen Schoors has been at HSE University since 2018.

Former and current positions

Full Professor Economics at Ghent University

Director of CERISE (Center for Russian International Socio-political and Economic Studies) at Ghent University

Affiliate Researcher at National Research University Higher School of Economics

Director of the Russia Platform at Ghent University

Research Fellow at the Bank of Finland

Chairman of the Board of Trvidend, investment fund for the social economy

Chairman of the Board of Gigarant

Expert for the G1000

Member of the Board of social artistic project “Bij de Vieze gasten VZW”

Research Fellow at Uppsala Centre for Russian and Eurasian Studies, Uppsala University (2016)

Expert for the Fortis Commission of the Federal Parliament (2008-2009)

Expert for the Dexia Commission of the Flemisch Parliament (2010)

Membership of professional bodies, forums and research centers

Former Executive Board of Association for Comparative Economics

Former Executive Board of European Association For Comparative Economics

Executive Board of VOSEKO Member of the European Economic

Association Member of the International Atlantic Economic Society

Member of the American Economic Association



Ghent University


Publications in Journals

Schoors K., 1999, The spontaneous privatization of specialized state banks in Russia, Maandschrift Economie, 63, 295-309.

Schoors, K., 1999, The Mired Restructuring of Russia’s Banking System, Russian Economic Trends, 4, 35-45.

Schoors K., 2000, Building a Database on Russian banks: Field Work against the odds, Post Communist Economies, 12(2), June 2000, 241-249.

Pavlov, G., Schoors, K., Westin, P., 2000, Economic programmes and policy: where is Russia heading?, Russian Economic Trends, Monthly Update, January 2000.

Ivanova, N., Schoors; K., 2000, The Central bank Policy: Challenges for 2000, Russian Economic Trends, Monthly Update, March 2000.

Schoors K., 2000, L'euroisation des pays d'Europe centrale et orientale dans la perspective de leur adhésion à l'Union économique et monétaire, Revue d’études comparatives Est-Ouest, 31(4), 29-57.

Schoors, K., 2001, The Credit Squeeze during Russia’s Early Transition, A bankbased view, Economics of Transition, 9(1), 205-228.

Albrecht, J., François, D., Schoors, K., 2002, A Shapley decomposition of Carbon Emissions Without Residuals, Energy Policy, 30(9), 727-736.

Schoors, K., 2002, Should the Central and Eastern European accession countries adopt the EURO before or after accession?, Economics of Planning, 35(1), 47-77.

Schoors, K., 2003, The fate of Russia’s former state banks: Chronicle of a restructuring postponed and a crisis foretold, Europe-Asia Studies, 55 (1), January 2003, 75-100.

Schoors, K., 2003, The effect of Soviet monetary disintegration on the collapse of trade between members of the Commonwealth of Independent States, Economic Systems, 27(1), March 2003, 1-26.

Mayer, C., Schoors, K., Yafeh, Y., 2005, Sources of Funds and Investment Activities of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK, Journal of Corporate Finance, 11, 586–608.

Schoors, K., Sonin, K., 2005, Passive Creditors, International Finance, 8(1), 57-86.

Schoors, K., 2005, Van recessie tot expansie, in Annemarie Gielen, editor, SOS Rusland, Van IJzeren Gordijn tot Rookgordijn, MO noord zuid cahier, 30(2), 15-34.

Klaus Weyerstrass, Johannes Jaenicke, Reinhard Neck, Gottfried Haber, Bas van Aarle, Koen Schoors, Niko Gobbin, Peter Claeys, 2006, Economic spillover and policy coordination in the Euro Area, European economy, Economic Papers, Number 246, March 2006.

Merlevede B., Schoors, K., 2007, On the speed of economic reform: Tale of the tortoise and the hare-Evidence from transition countries, Journal of Economic Policy Reform, 10(1), 29-50

Claeys, S., Schoors, K., 2007, Bank supervision Russian style: Evidence of conflicts between micro- and macro- prudential concerns, Journal of Comparative Economics, 35, 630-657.

Kemme, D., Schoors, K., Vandervennet, R., 2008, Risk, Regulation and Competition in Banking and Finance in Transition Economies, Comparative Economic Studies, 50(2), 210-216.

Claeys, S., Schoors, K., Vandervennet, R., 2008, The Sequence of Bank Liberalisation: Financial Repression versus Capital Requirements in Russia, Comparative Economic Studies, 50(2), 297-317.

Schoors, K., 2008, Post-mortem van de zelfregulerende en efficiënte financiële markt, Samenleving en Politiek, 15(9)

Merlevede, B., Schoors, K, Van Aarle B., 2009, Russia from Bust to Boom: Oil, Policies or the Ruble? Comparative Economic Studies, 51, 213–241.

Merlevede, B., Schoors, K., 2009, Privatization and foreign direct investment in 10 transition countries, Post-Communist Economies 21(2), 143 – 156. Austin, G., et al., 2009, Euro-Atlantic Security: One Vision, Three Paths, East-West Institute, 12 pages.

Karas A., Pyle, W. , Schoors, K., 2010, Sophisticated Discipline in a Nascent Deposit Market: Evidence from Post-Communist Russia, Oxford Economic Papers 62(1), 36- 61.

Karas, A., Schoors, K., Weill, L., 2010, Are private banks more efficient than public banks? Evidence from Russia, Economics of Transition, 18(1), 209-244.

Schoors, K., 2010, Lessen trekken uit de financiële crisis …en ernaar handelen, De gids op maatschappelijk gebied, 2010 (1), 11-16.

Leyman, B., Schoors, K., Coussement P., 2011, Does Court-Supervised Reorganization Work? Evidence from Post-Confirmation Firm Failure, International Review of Law and Economics 31(3), 149-168

Schoors Koen, 2011, Zonder regering lukt het niet, in “symposium Besturen zonder regering?”, Res Publica, 2011 (4), 473-477

De Jonghe, O., Disli, M., Schoors, K., 2011, Corporate governance, opaque bank activities, and risk/return efficiency: Pre- and post-crisis evidence from Turkey, Journal of Financial Services Research 41(1-2), 51-80

Schoors Koen, 2011, De financiële aardbeving van de eeuw, Samenleving en Politiek, 18(10), 62-72.

William Pyle, Koen Schoors, Maria Semenova, and Ksenia Yudaeva, 2012, “Bank Depositor Behavior in Russia in the Aftermath of the 1998 Financial Crisis, Eurasian Geography and Economics 53 (2), 267–284.

Karas A., Pyle, W. , Schoors, K., 2013, The Effect of Deposit Insurance on Market Discipline: Evidence from a Natural Experiment on Deposit Flows and Rates, Journal of Money, Credit and Banking 45(1), pp. 179-200.

Disli, M., Schoors, K. Meir, J., 2013, Political connections and depositor discipline, Journal of Financial Stability, Vol. 9, 804– 819.

Aysan, F.A., Disli, M., Schoors, K., 2013, Bank competition and outreach, Emerging Markets Finance and Trade, Vol. 49, pp. 7–30.

Merlevede B., Schoors K., and M. Spatareanu, 2014, FDI Spillovers and the Time since Foreign Entry, World Development, Vol. 56, pp. 108–126.

Berkowitz, D., Hoekstra, M., Schoors, K., 2014, Does Finance Cause Growth? Evidence from the Origins of Banking in Russia, Journal of Development Economics, Vol. 110, pp 93-106.

Schoors Koen, 2014, Slogans ontrafeld: Een belastingverschuiving van arbeid naar consumptie is asociaal, Samenleving en Politiek, 21(5), 60-65.

M. Verschelde, J. Hindriks, G. Rayp and K. Schoors, 2015, School autonomy and educational performance: within-country evidence, Fiscal Studies, 36(2), 127-155.

Vandermarliere, B., Karas A., Ryckebusch, J., and Schoors K., 2015, Beyond the Power Law: Uncovering Stylized Facts in Interbank Networks, PHYSICA A, Volume 428, 443–457.

Karas A., Pyle, W. and Schoors, K., 2015, ‘A de Soto Effect’ in Industry? Evidence from the Russian Federation, Journal of Law and Economics, Vol. 58, 451-480.

Klaas Mulier, Koen Schoors, Bruno Merlevede, 2016, Investment-cash flow sensitivity and financial constraints: evidence from unquoted European SMEs, Journal of Banking and Finance, Vol. 73, pp: 182 - 197 (IF 2015 : 1.485)

Stijn Baert, Sarah De Visschere, Koen Schoors, Désirée Vandenberghe, Eddy Omey, 2016, First depressed, then discriminated against?, Social Science & Medicine, Vol. 170, pp. 247 - 254 (IF 2015 : 2.814)

Vandermarliere B., J. Ryckebusch, K. Schoors, P. Cauwels, D. Sornette, 2017, Discrete hierarchy of sizes and performances in the exchange-traded fund universe, Physica A: Statistical Mechanics and its Applications, Vol. 469, pp 111–123.

Belaza AM, Hoefman K, Ryckebusch J, Bramson A, van den Heuvel M, Schoors K, 2017, Statistical physics of balance theory, PLoS ONE, Vol.12 (8): e0183696. https://doi.org/10.1371/journal.pone.0183696

Schoors Koen, 2017, Elementen voor een vrijhandel 2.0, Christen-Democratische Reflecties 5(2), pp. 63-70


Schoors Koen (2010) De Financiële crisis, hoorboek, uitgeverij Lannoo. Ook te koop als podcast op www.hoorzespreken.be

Hemelsoen R. en Schoors K. (2010) Inhoudelijke analyse van overeenkomsten voorafgaand aan echtscheiding door onderlinge toestemming: Een preliminair statistisch portret, tekst voor XXXVIe Postuniversitaire cyclus Willy Delva omtrent Echtscheiding.

Schoors Koen (2011) De eurocrisis, hoorboek, uitgeverij Lannoo. Ook te koop als podcast op www.hoorzespreken.be

Peersman Gert and Koen Schoors (2012) De perfecte storm, Lamberights and Borgerhoff (book on the banking crisis, the euro crisis and the ageing crisis, 10.000 copies sold)

Chapters in Books

Schoors K., 2000, Central and Eastern Europe and the advent of the Euro: The Prospects of EMU-observer Status and unilateral Euro-isation, in Ooghe, Heylen and Vandervennet, eds., EMU, dé uitdaging, proceedings of the 24th VWEC, March 2000, Ghent, pp. 386-416.

Schoors K., 2000, Central and Eastern European Countries and the Advent of the Euro: Is Euro-isation a good idea? in Ooghe, Heylen, Vandervennet and Vermaut, eds., The Economic and Business Consequences of the EMU: A Challenge for Governments, Financial Institutions and Firms, Kluwer Academic Publishers, Massachusetts, pp. 269-300.

Schoors K., The Good, the Bad and the Ugly: Bank Restructuring in Russia, in Animitsa, Y., Pervukhina, I., Riem, S. and Schoors, K., eds., Russia in the changing world, Ekaterinburg, 2002.

Gobbin, N. and Schoors Koen, 2005, Enlargement, in Peter Van der Hoek, ed., Handbook of Public Administration and Policy in the European Union, Taylor & Francis Group, pp. 603-646.

Klaus Weyerstrass, Koen Schoors and Bas van Aarle, 2007, Economic spillovers, structural reforms and policy coordination in the Euro Area: An overview, in Klaus Weyerstrass en Bas van Aarle, Eds, Economic spillovers, structural reforms and policy coordination in the Euro Area, Economic Spillovers, Structural Reforms and Policy Coordination in the Euro Area, 2007, Contributions to Economics, XII, Springer, Heidelberg/New York, pp. 1-42

Rudi Vander Vennet & Koen Schoors, 2009, Naar een nieuwe financiële architectuur, hoofdstuk 16, pp 199-209, in Carl Devos en Rudi Vandervennet, red., Rood zonder roest, Uitgeverij Van Halewyck.

Koen Schoors, 2009, Mill en vrijhandel, hoofdstuk 12, pp 193-207, in Dirk Verhofstadt, red., John Stuart Mill, 150 jaar over vrijheid, Houtekiet/Atlas, Antwerpen/Amsterdam, 244 pp.

Hemelsoen Ruben en Koen Schoors, 2010, Inhoudelijke analyse van overeenkomsten voorafgaand aan echtscheiding door onderlinge toestemming. Een preliminair statistisch portret, in Gert Verschelden, editor, Echtscheiding 2009-2010, XXXVIste postuniversiteire cyclus Willy Delva, Wolters Kluwer, pp. 1-34.

Schoors, Koen end Ksenia Yudaeva, 2013, Russian banking as an active volcano, in Handbook of the Russian Economy, edited by Alexeev, M.V. and Shlomo, W., Oxford University Press, pp 544-573.

Claeys, Schoors and Vandervennet, 2016, The Sequence of Bank Liberalisation: Financial Repression versus Capital Requirements, in Global Banking Crises and Emerging Markets, edited by Josef Brada and Paul Wachtel, 2016, Palgrave MacMillan, pp 247-268.

Aaron Bramson, Kevin Hoefman UGent, Milan van den Heuvel UGent, Benjamin Vandermarliere UGent and Koen Schoors, 2017, Measuring Propagation with Temporal Webs, pp 57-128, in Masuda, Naoki, Holme, Petter (Eds.), Temporal network epidemiology, Springer.


Analytics for Management and Economics Conference (AMEC) (Санкт-Петербург). Presentation: Politics and Banking in an Electoral Autocracy

Active Aging and Silver Skills: Koen Schoors at TEDxGhent

Koen Schoors talks about his book 'De Perfecte Storm' ('The perfect storm'), in which he explores the recent tempestuous events that shook our economic system to the core. Banks going bankrupt, the eurocrisis and the costs of an ageing society: these crises put together can lead to a 'Perfect Storm'. How did it come to all this? Who is to blame? Is our welfare state threatened ? Koen Schoors tries to answer these questions and contemplates about possible new economical structures for Belgium and Europe.

Start doing research and keep enjoying it

Koen Schoors, Leading Research Fellow at CInSt, shared his advice about starting, managing and getting a research paper done last week. The meeting was the part of a training course for early career researchers at CInSt and beyond.

CInSt members presented their most recent research at the AMEC Conference in St-Petersburg

The St.Petersburg School of Economics and Management at HSE University hosted the second edition of the Analytics for Management and Economics Conference.

Russian Summer School on Institutional Analysis 2019

We can hardly believe it, but the 2019 session of RSSIA has already come to an end! We received more than 100 applications, but only 24 of the strongest research proposals were accepted. Participants came from a wide range of countries: China, Belgium, Germany, India, Iran, Italy, Philippines, and Russia.