Maarten van Oordt

Research Advisor

Maarten van Oordt is a Research Advisor in the Currency Department of the Bank of Canada.  His work focuses on digital currency, financial institutions and risk management.  Before joining Currency, Maarten worked as a Senior Analyst in the Financial Stability Department of the Bank of Canada, and as an economist in the Economics and Research Division of De Nederlandsche Bank (Dutch Central Bank).  He received his PhD from Erasmus University Rotterdam on the topic “On Extreme Events in Banking and Finance.”  His research has been published in academic journals such as the Journal of Financial Intermediation and the Journal of Financial and Quantitative Analysis.


Research Advisor
Economic Research and Analysis

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9


Privacy as a Public Good: A Case for Electronic Cash

Staff Working Paper 2019-24 Rod Garratt, Maarten van Oordt
Cash gives users a high level of privacy when making payments, but the use of cash to make payments is declining. People increasingly use debit cards, credit cards or other methods to pay.

Entrepreneurial Incentives and the Role of Initial Coin Offerings

Staff Working Paper 2019-18 Rod Garratt, Maarten van Oordt
Initial coin offerings (ICOs) are a new mode of financing start-ups that saw an explosion in popularity in 2017 but declined in popularity in the second half of 2018 as regulatory pressure, instances of fraud and reports of poor performance began to undermine their reputation.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Exchange rates JEL Code(s): G, G3, G32

Modelling the Macrofinancial Effects of a House Price Correction in Canada

We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline.
November 14, 2018

Financial System Resilience and House Price Corrections

We use models to better understand and assess how risks could affect the financial system. In our hypothetical scenario, a house price correction and elevated financial stress weigh on the economy. An increased number of households and businesses have difficulty repaying loans. Nonetheless, the large banks remain resilient.

Calibrating the Magnitude of the Countercyclical Capital Buffer Using Market-Based Stress Tests

Staff Working Paper 2018-54 Maarten van Oordt
How much capital do banks need as a buffer to absorb severe shocks? By using historical stock market data, market-based stress tests help estimate the magnitude of capital buffers necessary to absorb severe but plausible shocks.

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Publications in refereed journals

Chapters in books

Work in Progress


  • PhD, Erasmus University Rotterdam
  • MSc Business & Economics – Financial Economics (cum laude), Erasmus University Rotterdam
  • BSc Business & Economics (with highest honour), Erasmus University Rotterdam

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