Portrait of Professor Vasso Ioannidou

Professor Vasso Ioannidou

Professor of Finance

Bayes Business School , Finance

Contact

About

Overview

Vasso Ioannidou is a Professor of Finance at Bayes Business School and a research fellow of the Center for Economic Policy Research (CEPR). Prior to joining City in 2021, Vasso was a Professor of Finance at Lancaster University and at Tilburg University. Vasso's research is in the intersection of banking, corporate finance, and monetary economics. Her work has been published in leading journals, including the Journal of Finance, the Journal of Financial Economics, Management Science, and the Review of Finance and it is regularly presented in leading international conferences such as the AFA, EFA, FIRS, NBER, and WFA. Vasso maintains research links with several policy institutions and central banks. She currently serves as an associate editor of the Journal of Banking and Finance. She holds a PhD in Economics from Boston College.

Qualifications

  • Phd, Boston College, United States, August 1996 - July 2001

Employment

  • Professor, Lancaster University, United Kingdom, August 2013 - December 2021
  • Professor, Tilburg University, Netherlands, September 2010 - July 2013
  • Associate Professor, Tilburg University, Netherlands, September 2008 - September 2010
  • Assistant Professor, Tilburg University, Netherlands, November 2004 - August 2008
  • Assistant Professor, Tilburg University, Netherlands, January 2002 - October 2004

Fellowships

  • Research Fellow in Financial Economics, Center for Economic Policy Research (CEPR), January 2015 - present

Expertise

Primary topics

  • Banking

Additional topics

  • Corporate Finance
  • Economics
  • Monetary Economics

Research students

1stsupervisor

Publications

Book

  1. Ioannidou, V., Liberti, J.M., Mosk, T. and Sturgess, J. (2018). Intended and Unintended Consequences of Government Credit Guarantee Programmes. Oxford University Press.

Journal articles (15)

  1. Ioannidou, V., Roberto, P. and Zexi, W. (2026). Corporate Pension Risk-Taking in a Low Interest Rate Environment. Management science
  2. Fu, J., Ioannidou, V. and Mishra, M. (2026). Banking on Competition: The Spillover Effects of Bank Entry into Microfinance. Journal of Financial and Quantitative Analysis, 61(3), pp. 1429-1458. doi:10.1017/s0022109025101865

    [publisher’s website]

  3. GONCHAROV, I., IOANNIDOU, V. and SCHMALZ, M.C. (2023). (Why) Do Central Banks Care about Their Profits? The Journal of Finance, 78(5), pp. 2991-3045. doi:10.1111/jofi.13257

    [publisher’s website]

  4. Ioannidou, V., Pavanini, N. and Peng, Y. (2022). Collateral and asymmetric information in lending markets. Journal of Financial Economics, 144(1), pp. 93-121. doi:10.1016/j.jfineco.2021.12.010

    [publisher’s website]

  5. Carletti, E., De Marco, F., Ioannidou, V. and Sette, E. (2020). Banks as patient lenders: Evidence from a tax reform. Journal of Financial Economics. doi:10.1016/j.jfineco.2020.07.021

    [publisher’s website]

  6. Degryse, H., Ioannidou, V., Liberti, J.M. and Sturgess, J. (2020). How Do Laws and Institutions Affect Recovery Rates for Collateral? The Review of Corporate Finance Studies, 9(1), pp. 1-43. doi:10.1093/rcfs/cfz011

    [publisher’s website]

  7. Beck, T., Ioannidou, V. and Schäfer, L. (2018). Foreigners vs. Natives: Bank Lending Technologies and Loan Pricing. Management Science, 64(8), pp. 3792-3820. doi:10.1287/mnsc.2016.2706

    [publisher’s website]

  8. Degryse, H., Ioannidou, V. and von Schedvin, E. (2016). On the Nonexclusivity of Loan Contracts: An Empirical Investigation. Management Science, 62(12), pp. 3510-3533. doi:10.1287/mnsc.2015.2277

    [publisher’s website]

  9. Berger, A.N., Frame, W.S. and Ioannidou, V. (2016). Reexamining the empirical relation between loan risk and collateral: The roles of collateral liquidity and types. Journal of Financial Intermediation, 26, pp. 28-46. doi:10.1016/j.jfi.2015.11.002

    [publisher’s website]

  10. Ioannidou, V., Ongena, S. and Peydró, J.-.L. (2015). Monetary Policy, Risk-Taking, and Pricing: Evidence from a Quasi-Natural Experiment. Review of Finance, 19(1), pp. 95-144. doi:10.1093/rof/rfu035

    [publisher’s website]

  11. Berger, A.N., Scott Frame, W. and Ioannidou, V. (2011). Tests of ex ante versus ex post theories of collateral using private and public information. Journal of Financial Economics, 100(1), pp. 85-97. doi:10.1016/j.jfineco.2010.10.014

    [publisher’s website]

  12. IOANNIDOU, V. and ONGENA, S. (2010). “Time for a Change”: Loan Conditions and Bank Behavior when Firms Switch Banks. The Journal of Finance, 65(5), pp. 1847-1877. doi:10.1111/j.1540-6261.2010.01596.x

    [publisher’s website]

  13. Ioannidou, V.P. and Penas, M.F. (2010). Deposit insurance and bank risk-taking: Evidence from internal loan ratings. Journal of Financial Intermediation, 19(1), pp. 95-115. doi:10.1016/j.jfi.2009.01.002

    [publisher’s website]

  14. Goderis, B. and Ioannidou, V.P. (2008). Do high interest rates defend currencies during speculative attacks? New evidence. Journal of International Economics, 74(1), pp. 158-169. doi:10.1016/j.jinteco.2007.05.003

    [publisher’s website]

  15. Ioannidou, V.P. (2005). Does monetary policy affect the central bank's role in bank supervision? Journal of Financial Intermediation, 14(1), pp. 58-85. doi:10.1016/j.jfi.2004.04.002

    [publisher’s website]

Working papers (2)

  1. Carletti, E., De Marco, F., Ioannidou, V. and Sette, E. Banks As Patient Lenders: Evidence from a Tax Reform. Elsevier BV.
  2. Ioannidou, V., Pinto, R. and Wang, Z. Corporate Pension Risk-Taking in a Low Interest Rate Environment. Elsevier BV.

Professional activities

Consultancy

  1. Financial Stability Board (Public Sector) (May 2019 - present)
    Academic advisor for FSB Evaluation of the effects of "Too-big-to-fail" reforms.

Editorial activity

  1. Associate Editor, Journal of Banking and Finance, February 2019 - present.

Media appearance

  1. 'Losses by central banks are nothing to fear', Free Exchange, The Economist. https://www.economist.com/finance-and-economics/2020/05/07/losses-by-central-banks-are-nothing-to-fear