Details about Stijn Claessens

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Homepage:	http://www.bis.org/author/stijn_claessens.htm
Phone:	+2025384518
Workplace:	School of Management, Yale University, (more information at EDIRC)

Access statistics for papers by Stijn Claessens.

Last updated 2024-09-05. Update your information in the RePEc Author Service.

Short-id: pcl16

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Working Papers

2024

1. The Global Financial Cycle: Quantities versus Prices
   IMF Working Papers, International Monetary Fund

2023

2. Climate regulation and financial risk: The challenge of policy uncertainty
   SAFE Policy Letters, Leibniz Institute for Financial Research SAFE View citations (1)
3. “Out of Sight, Out of Mind?” Banks’ Private Information, Distance, and Relationship Length
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute

2021

4. Do macroprudential policies affect non-bank financial intermediation?
   BIS Working Papers, Bank for International Settlements View citations (17)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (16)
   See also Journal Article Do Macroprudential Policies Affect Non-bank Financial Intermediation?, International Journal of Central Banking, International Journal of Central Banking (2023) View citations (2) (2023)
5. Financial Stability Governance and Central Bank Communications
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
6. Interoperability between payment systems across borders
   BIS Bulletins, Bank for International Settlements
7. Regulating big techs in finance
   BIS Bulletins, Bank for International Settlements

2020

8. A Decision Tree for Digital Financial Inclusion Policymaking
   Working Papers, Center for Global Development View citations (2)
9. Basic Employment Protection, Bargaining Power, and Economic Outcomes
   Working Papers, Tokyo Center for Economic Research View citations (5)
   See also Journal Article Basic Employment Protection, Bargaining Power, and Economic Outcomes, Journal of Law, Finance, and Accounting, now publishers (2020) View citations (5) (2020)
10. Cryptocurrency Market Reactions to Regulatory News
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (7)

2019

11. Fragmentation in global financial markets: good or bad for financial stability?
    BIS Working Papers, Bank for International Settlements View citations (12)
12. Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?
    Working Paper Series, European Central Bank View citations (5)
    Also in BIS Working Papers, Bank for International Settlements (2018) View citations (9)

2018

13. Home Country Interest Rates and International Investment in U.S. Bonds
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    See also Journal Article Home country interest rates and international investment in U.S. bonds, Journal of International Money and Finance, Elsevier (2019) View citations (13) (2019)
14. How do credit ratings affect bank lending under capital constraints?
    BIS Working Papers, Bank for International Settlements View citations (7)
15. Searching for Yield Abroad: Risk-Taking Through Foreign Investment in U.S. Bonds
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (8)

2017

16. "Low-For-Long†Interest Rates and Banks’ Interest Margins and Profitability: Cross-Country Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
17. Asset Prices and Macroeconomic Outcomes: A Survey
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2017) View citations (18)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2017) View citations (20)
    BIS Working Papers, Bank for International Settlements (2017) View citations (20)
    Policy Research Working Paper Series, The World Bank (2017) View citations (20)
18. Global Banking: Recent Developments and Insights from Research
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (55)
    See also Journal Article Global Banking: Recent Developments and Insights from Research, Review of Finance, European Finance Association (2017) View citations (55) (2017)
19. How Important is the Global Financial Cycle? Evidence from Capital Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (88)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (84)
    IMF Working Papers, International Monetary Fund (2017) View citations (87)
    See also Journal Article How Important is the Global Financial Cycle? Evidence from Capital Flows, IMF Economic Review, Palgrave Macmillan (2019) View citations (86) (2019)
20. Macroeconomic Implications of Financial Imperfections: A Survey
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (27)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2017) View citations (27)
    Policy Research Working Paper Series, The World Bank (2017) View citations (27)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2017) View citations (26)
21. Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More Than Fundamentals
    ADB Economics Working Paper Series, Asian Development Bank View citations (4)
    Also in IMF Working Papers, International Monetary Fund (2015) View citations (105)
    See also Journal Article Push factors and capital flows to emerging markets: why knowing your lender matters more than fundamentals, Journal of International Economics, Elsevier (2019) View citations (91) (2019)
22. Regulation and structural change in financial systems
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
23. The Role of Foreign Banks in Trade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in Bank of England working papers, Bank of England (2017) View citations (9)
24. \"Low-For-Long\" Interest Rates and Banks' Interest Margins and Profitability: Cross-Country Evidence
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (39)
    See also Journal Article “Low-For-Long” interest rates and banks’ interest margins and profitability: Cross-country evidence, Journal of Financial Intermediation, Elsevier (2018) View citations (73) (2018)

2016

25. Low-for-Long Interest Rates and Net Interest Margins of Banks in Advanced Foreign Economies
    IFDP Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (28)
26. Monopoly Rights and Economic Growth: An inverted U-shaped relation
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2015

27. The Use and Effectiveness of Macroprudential Policies: New Evidence
    IMF Working Papers, International Monetary Fund View citations (194)
    See also Journal Article The use and effectiveness of macroprudential policies: New evidence, Journal of Financial Stability, Elsevier (2017) View citations (574) (2017)

2014

28. An Overview of Macroprudential Policy Tools
    IMF Working Papers, International Monetary Fund View citations (92)
    See also Journal Article An Overview of Macroprudential Policy Tools, Annual Review of Financial Economics, Annual Reviews (2015) View citations (127) (2015)
29. Global Liquidity and Drivers of Cross-Border Bank Flows
    IMF Working Papers, International Monetary Fund View citations (72)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (89)
30. Macro-Prudential Policies to Mitigate Financial System Vulnerabilities
    IMF Working Papers, International Monetary Fund View citations (52)
    See also Journal Article Macro-prudential policies to mitigate financial system vulnerabilities, Journal of International Money and Finance, Elsevier (2013) View citations (322) (2013)
31. The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
    IMF Working Papers, International Monetary Fund View citations (26)
    See also Journal Article The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions, Review of Finance, European Finance Association (2017) View citations (33) (2017)
32. The Impact of the Global Financial Crisis on Banking Globalization
    IMF Working Papers, International Monetary Fund View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (29)
    See also Journal Article The Impact of the Global Financial Crisis on Banking Globalization, IMF Economic Review, Palgrave Macmillan (2015) View citations (118) (2015)
33. The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions
    IMF Working Papers, International Monetary Fund View citations (51)
34. What is Shadow Banking?
    IMF Working Papers, International Monetary Fund View citations (37)

2013

35. Assessing firms'financing constraints in Brazil
    Policy Research Working Paper Series, The World Bank
36. Financial Crises Explanations, Types, and Implications
    IMF Working Papers, International Monetary Fund View citations (137)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (129)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (136)
37. Understanding Financial Crises: Causes, Consequences, and Policy Responses
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (18)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (17)

2012

38. Foreign Banks: Trends, Impact and Financial Stability
    IMF Working Papers, International Monetary Fund View citations (75)
39. Paths to Eurobonds
    IMF Working Papers, International Monetary Fund View citations (23)
    Also in Working Papers, Bruegel (2012) View citations (35)
40. Shadow Banking: Economics and Policy
    IMF Staff Discussion Notes, International Monetary Fund View citations (60)
41. Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    Also in IMF Working Papers, International Monetary Fund (2011) View citations (26)
    See also Chapter Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (67) (2012)
42. Systemic risk in global banking: what can available data tell us and what more data are needed?
    BIS Working Papers, Bank for International Settlements View citations (65)

2011

43. Additions to Market Indices and the Comovement of Stock Returns Around the World
    IMF Working Papers, International Monetary Fund View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008)
44. Crisis Management and Resolution: Early Lessons from the Financial Crisis
    IMF Staff Discussion Notes, International Monetary Fund View citations (41)
45. Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?
    IMF Working Papers, International Monetary Fund View citations (8)
46. Financial Cycles: What? How? When?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (278)
    Also in IMF Working Papers, International Monetary Fund (2011) View citations (281)
    See also Chapter Financial Cycles: What? How? When?, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (74) (2010)
    Journal Article Financial Cycles: What? How? When?, NBER International Seminar on Macroeconomics, University of Chicago Press (2011) View citations (278) (2011)
47. From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article From the financial crisis to the real economy: Using firm-level data to identify transmission channels, Journal of International Economics, Elsevier (2012) View citations (107) (2012)
    Chapter From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (21) (2011)
48. How Do Business and Financial Cycles Interact?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (104)
    Also in IMF Working Papers, International Monetary Fund (2011) View citations (107)
    See also Journal Article How do business and financial cycles interact?, Journal of International Economics, Elsevier (2012) View citations (381) (2012)

2010

49. Financial Frictions, Investment, and Institutions
    IMF Working Papers, International Monetary Fund View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (6)
50. Investment and Institutions
    2010 Meeting Papers, Society for Economic Dynamics View citations (5)
51. Lessons and Policy Implications from the Global Financial Crisis
    IMF Working Papers, International Monetary Fund View citations (102)
52. Recessions and Financial Disruptions in Emerging Markets: A Bird´s Eye View
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
    See also Chapter Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2011) View citations (11) (2011)
53. The Global Financial Crisis:How Similar? How Different? How Costly?
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (66)
    See also Journal Article The global financial crisis: How similar? How different? How costly?, Journal of Asian Economics, Elsevier (2010) View citations (70) (2010)

2009

54. Being a Foreigner Among Domestic Banks: Asset or Liability?
    IMF Working Papers, International Monetary Fund View citations (13)
    Also in MPRA Paper, University Library of Munich, Germany (2009) View citations (13)
    See also Journal Article Being a foreigner among domestic banks: Asset or liability?, Journal of Banking & Finance, Elsevier (2012) View citations (40) (2012)
55. Competition in the Financial Sector: Overview of Competition Policies
    IMF Working Papers, International Monetary Fund View citations (77)
    See also Journal Article Competition in the Financial Sector: Overview of Competition Policies, The World Bank Research Observer, World Bank (2009) View citations (79) (2009)

2008

56. Banks and Labor as Stakeholders: Impact on Economic Performance
    IMF Working Papers, International Monetary Fund View citations (15)
57. What Happens During Recessions, Crunches and Busts?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (159)
    Also in IMF Working Papers, International Monetary Fund (2008) View citations (162)
    See also Journal Article What happens during recessions, crunches and busts?, Economic Policy, CEPR, CESifo, Sciences Po (2009) View citations (242) (2009)

2007

58. Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (35)
    Also in Policy Research Working Paper Series, The World Bank (2007) View citations (34)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2006) View citations (5)
    See also Journal Article Corporate governance and regulation: Can there be too much of a good thing?, Journal of Financial Intermediation, Elsevier (2010) View citations (65) (2010)
59. Empirical Evidence on the New International Aid Architecture
    Proceedings of the German Development Economics Conference, Göttingen 2007, Verein für Socialpolitik, Research Committee Development Economics View citations (18)
    Also in IMF Working Papers, International Monetary Fund (2007) View citations (16)
    WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London (2007) View citations (16)
60. International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?
    IMF Working Papers, International Monetary Fund View citations (65)
    Also in Policy Research Working Paper Series, The World Bank (2007) View citations (64)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (65)
    See also Journal Article International financial integration through equity markets: Which firms from which countries go global?, Journal of International Money and Finance, Elsevier (2007) View citations (64) (2007)
61. Location decisions of foreign banks and competitive advantage
    Policy Research Working Paper Series, The World Bank View citations (25)
    See also Journal Article Location Decisions of Foreign Banks and Competitor Remoteness, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (24) (2014)
62. Political Connections and Preferential Access to Finance: The Role of Campaign Contributions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    See also Journal Article Political connections and preferential access to finance: The role of campaign contributions, Journal of Financial Economics, Elsevier (2008) View citations (633) (2008)

2006

63. Competitive implications of cross-border banking
    Policy Research Working Paper Series, The World Bank View citations (51)
    See also Chapter Competitive Implications of Cross-Border Banking, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2006) View citations (50) (2006)
64. Current challenges in financial regulation
    Policy Research Working Paper Series, The World Bank View citations (2)
65. Does Campaign Finance imply Political Favors?
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
66. Finance and hunger: empirical evidence of the agricultural productivity channel
    Policy Research Working Paper Series, The World Bank View citations (26)
67. The Political Economy of Global Financial Governance: The Costs of Basle II for Poor Countries
    WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London View citations (2)

2005

68. Access to financial services: a review of the issues and public policy objectives
    Policy Research Working Paper Series, The World Bank View citations (22)
    See also Journal Article Access to Financial Services: A Review of the Issues and Public Policy Objectives, The World Bank Research Observer, World Bank (2006) View citations (163) (2006)
69. Financial dependence, banking sector competition, and economic growth
    Policy Research Working Paper Series, The World Bank View citations (192)
    See also Journal Article Financial Dependence, Banking Sector Competition, and Economic Growth, Journal of the European Economic Association, MIT Press (2005) View citations (202) (2005)
70. Taking stock of risk management techniques for sovereigns
    Policy Research Working Paper Series, The World Bank View citations (6)
71. The Need for Institutional Changes in the Global Financial System: An Analytical Framework
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

2004

72. Enforcement and Corporate Governance
    Policy Research Working Paper Series, The World Bank View citations (18)
73. Resolving systemic financial crisis: policies and institutions
    Policy Research Working Paper Series, The World Bank View citations (9)

2003

74. Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (58)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (47)
75. What Drives Bank Competition? Some International Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (59)
    See also Journal Article What Drives Bank Competition? Some International Evidence, Journal of Money, Credit and Banking, Blackwell Publishing (2004) View citations (695) (2004)

2002

76. Bankruptcy around the World: Explanations of its Relative Use
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (30)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (33)
    See also Journal Article Bankruptcy around the World: Explanations of Its Relative Use, American Law and Economics Review, American Law and Economics Association (2005) View citations (183) (2005)
77. Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (16)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (42)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (28)
78. Financial Development, Property Rights and Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (24)
    See also Journal Article Financial Development, Property Rights, and Growth, Journal of Finance, American Finance Association (2003) View citations (522) (2003)
79. Policy Selectivity Foregone: Debt and Donor Behavior in Africa
    Working Papers, Center for Global Development View citations (26)
    See also Journal Article Policy Selectivity Forgone: Debt and Donor Behavior in Africa, The World Bank Economic Review, World Bank (2003) View citations (30) (2003)
80. The Benefits and Costs of Group Affiliation: Evidence from East Asia
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (18)
    See also Journal Article The benefits and costs of group affiliation: Evidence from East Asia, Emerging Markets Review, Elsevier (2006) View citations (89) (2006)
81. The Future of Stock Exchanges in Emerging Economies: Evolution and Prosepcts
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (20)
82. Will HIPC Matter? The Debt Game and Donor Behaviour in Africa
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) (2002) View citations (9)

2001

83. Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
    See also Chapter Financial Restructuring in Banking and Corporate-Sector Crises What Policies to Pursue?, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (25) (2001)
84. The Benefits and Costs of Internal Markets: Evidence from Asia's Financial Crisis
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (3)
85. The Pattern and Valuation Effects of Corporate Diversification: A Comparison of the United States, Japan, and Other East Asian Economies
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (5)

2000

86. Corporate risk around the world
    Policy Research Working Paper Series, The World Bank View citations (33)
87. Expropriation of Minority Shareholders in East Asia
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (16)
88. The Costs of Group Affiliation: Evidence from East Asia
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (9)
89. The political economy of distress in East Asian financial institutions
    Policy Research Working Paper Series, The World Bank View citations (45)
    See also Journal Article The Political Economy of Distress in East Asian Financial Institutions, Journal of Financial Services Research, Springer (2001) View citations (74) (2001)

1999

90. Alternative frameworks for providing financial services
    Policy Research Working Paper Series, The World Bank View citations (5)
91. Can Governments Mandate Hard Budget Constraints? Bank Lending and Financial Isolation in Romania
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (1)
92. Corporate Distress in East Asia: The Effect of Currency and Interest Rate Shocks
    World Bank Publications - Reports, The World Bank Group View citations (3)
93. Corporate diversification in East Asia: the role of ultimate ownership and group affiliation
    Policy Research Working Paper Series, The World Bank View citations (14)
94. East Asian Corporations. Heroes or Villains?
    World Bank - Discussion Papers, World Bank View citations (5)
95. Expropriation of minority shareholders: evidence from East Asia
    Policy Research Working Paper Series, The World Bank View citations (65)
96. How to Accelerate Corporate and Financial Sector Restructuring in East Asia
    World Bank Publications - Reports, The World Bank Group View citations (4)
97. Ownership Concentration and Corporate Performance in the Czech Republic
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (149)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (151)
    See also Journal Article Ownership Concentration and Corporate Performance in the Czech Republic, Journal of Comparative Economics, Elsevier (1999) View citations (148) (1999)
98. Resolution of corporate distress - evidence from East Asia's financial crisis
    Policy Research Working Paper Series, The World Bank View citations (12)
99. Who Controls East Asian Corporations—and the Implications for Legal Reform
    World Bank Publications - Reports, The World Bank Group View citations (8)
100. Who controls East Asian corporations ?
     Policy Research Working Paper Series, The World Bank View citations (23)

1998

101. Capital flows to Central and Eastern Europe and the Former Soviet Union
     Policy Research Working Paper Series, The World Bank View citations (24)
     See also Chapter Capital Flows to Central and Eastern Europe and the Former Soviet Union, NBER Chapters, National Bureau of Economic Research, Inc (2000) View citations (5) (2000)
102. Corporate growth, financing, and risks in the decade before East Asia's financial crisis
     Policy Research Working Paper Series, The World Bank View citations (2)
103. Diversification and efficiency of investment by East Asian corporations
     Policy Research Working Paper Series, The World Bank View citations (6)
104. How does foreign entry affect the domestic banking market?
     Policy Research Working Paper Series, The World Bank View citations (71)
     See also Journal Article How does foreign entry affect domestic banking markets?, Journal of Banking & Finance, Elsevier (2001) View citations (698) (2001)
105. Politicians and firms in seven central and eastern European countries
     Policy Research Working Paper Series, The World Bank View citations (42)
106. Thailand's corporate financing and governance structures
     Policy Research Working Paper Series, The World Bank View citations (4)
107. The internationalization of financial services in Asia
     Policy Research Working Paper Series, The World Bank View citations (38)
108. Volatility and contagion in a financially integrated world: lessons from East Asia's recent experience
     Policy Research Working Paper Series, The World Bank View citations (23)

1997

109. Determinants of Performance of Manufacturing Firms in Seven European Transition Economies
     William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (9)
110. Enterprise Performance and Managers' Profiles
     William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (1)
111. Ownership and corporate governance: evidence from the Czech Republic
     Policy Research Working Paper Series, The World Bank View citations (55)
112. Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options
     Working Papers, World Bank - Technical Papers View citations (50)

1996

113. Analytical aspects of the debt problems of heavily indebted poor countries
     Policy Research Working Paper Series, The World Bank View citations (30)
114. Banking reform in transition countries
     Policy Research Working Paper Series, The World Bank View citations (17)
     See also Journal Article Banking reform in transition countries, Journal of Economic Policy Reform, Taylor & Francis Journals (1998) View citations (5) (1998)

1995

115. Corporate governance and equity prices: evidence from the Czech and Slovak Republics
     Policy Research Working Paper Series, The World Bank View citations (8)
     See also Journal Article Corporate Governance and Equity Prices: Evidence from the Czech and Slovak Republics, Journal of Finance, American Finance Association (1997) View citations (39) (1997)
116. Foreign direct investment, other capital flows, and current account deficits: what causes what?
     Policy Research Working Paper Series, The World Bank View citations (21)
117. Macroeconomic Risk Management in Nigeria: Dealing with External Shocks
     World Bank Publications - Reports, The World Bank Group
118. Portfolio Capital Flows: Hot or Cold
     Working Papers, Harvard - Institute for International Development View citations (142)
     See also Journal Article Portfolio Capital Flows: Hot or Cold?, The World Bank Economic Review, World Bank (1995) View citations (176) (1995)
119. The cross-section of stock returns: evidence from emerging markets
     Policy Research Working Paper Series, The World Bank View citations (21)

1994

120. Banks, capital markets, and corporate governance: lessons from Russia for Eastern Europe
     Policy Research Working Paper Series, The World Bank View citations (5)
121. Foreing Direct Investment: What Causes What?
     Working Papers, University of Birmingham - International Financial Group View citations (1)
122. Interest Rates, Growth and External Debt: The Macroeconomic Impact of Mexico's Brady Deal
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
     Also in Policy Research Working Paper Series, The World Bank (1993) View citations (5)
123. Oil price instability, hedging, and an oil stabilization fund: the case of Venezuela
     Policy Research Working Paper Series, The World Bank View citations (5)
124. The effects of barriers on equity investment in developing countries
     Policy Research Working Paper Series, The World Bank View citations (8)

1993

125. Equity and bond flows to Asia and Latin America: the role of global and country factors
     Policy Research Working Paper Series, The World Bank View citations (72)
126. Equity portfolio investment in developing countries: a literature survey
     Policy Research Working Paper Series, The World Bank View citations (4)
127. Forecasting volatility in commodity markets
     Policy Research Working Paper Series, The World Bank View citations (18)
128. Portfolio Investment in Developing Countries
     World Bank - Discussion Papers, World Bank View citations (26)
129. Recent estimates of capital flight
     Policy Research Working Paper Series, The World Bank View citations (61)
130. Risk Management in Developing Countries
     Working Papers, World Bank - Technical Papers View citations (4)
131. The Effect of Equity Barriers on Foreign Investment in Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

1992

132. Commodity stabilization funds
     Policy Research Working Paper Series, The World Bank View citations (18)
133. Deriving developing country repayment capacity from the market prices of sovereign debt
     Policy Research Working Paper Series, The World Bank View citations (2)
134. Recent experience with commercial bank debt reduction
     Policy Research Working Paper Series, The World Bank View citations (14)

1991

135. Alternative forms of external finance: a survey
     Policy Research Working Paper Series, The World Bank View citations (1)
     See also Journal Article Alternative Forms of External Finance: A Survey, The World Bank Research Observer, World Bank (1993) View citations (3) (1993)
136. Hedging commodity price risks in Papua New Guinea
     Policy Research Working Paper Series, The World Bank View citations (2)
137. Hedging crude oil imports in developing countries
     Policy Research Working Paper Series, The World Bank View citations (2)
138. Risk management in sub-Saharan Africa
     Policy Research Working Paper Series, The World Bank View citations (2)

1990

139. An option - pricing approach to secondary market debt: applied to Mexico
     Policy Research Working Paper Series, The World Bank View citations (1)
140. Methodological issues in evaluating debt - reducing deals
     Policy Research Working Paper Series, The World Bank View citations (1)
141. Pricing average price options for the 1990 Mexican and Venezuelan recapture clauses
     Policy Research Working Paper Series, The World Bank View citations (1)
142. Secondary Market Prices Under Alternative Debt Reduction Schemes: An Option Pricing Approach with an Application to Mexico
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1989

143. An analysis of debt-reduction schemes initiated by debtor countries
     Policy Research Working Paper Series, The World Bank View citations (2)
144. Conditionality and debt relief
     Policy Research Working Paper Series, The World Bank View citations (6)
145. Improving the currency composition of external debt: applications in Indonesia and Turkey
     Policy Research Working Paper Series, The World Bank View citations (2)

1988

146. The optimal currency composition of external debt
     Policy Research Working Paper Series, The World Bank View citations (1)

Journal Articles

2024

1. Opportunities and challenges associated with the development of FinTech and Central Bank Digital Currency
   Journal of Financial Stability, 2024, 73, (C)

2023

2. Do Macroprudential Policies Affect Non-bank Financial Intermediation?
   International Journal of Central Banking, 2023, 19, (5), 185-236 View citations (2)
   See also Working Paper Do macroprudential policies affect non-bank financial intermediation?, BIS Working Papers (2021) View citations (17) (2021)
3. Finance and Climate Change Risk: Managing Expectations
   EconPol Forum, 2023, 24, (01), 5-7 View citations (1)

2022

4. How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America
   Journal of Banking & Finance, 2022, 135, (C) View citations (1)
5. Open-ended bond funds: Systemic risks and policy implications
   Aussenwirtschaft, 2022, 72, (01), 45-62
   Also in BIS Quarterly Review, 2021 (2021) View citations (12)

2021

6. Corporate governance in emerging markets: A selective review and an agenda for future research
   Emerging Markets Review, 2021, 48, (C) View citations (6)
7. Foreign banks and trade
   Journal of Financial Intermediation, 2021, 45, (C) View citations (10)

2020

8. Basic Employment Protection, Bargaining Power, and Economic Outcomes
   Journal of Law, Finance, and Accounting, 2020, 5, (2), 179-229 View citations (5)
   See also Working Paper Basic Employment Protection, Bargaining Power, and Economic Outcomes, Working Papers (2020) View citations (5) (2020)
9. Tools for managing banking distress: historical experience and lessons for today
   BIS Quarterly Review, 2020 View citations (2)

2019

10. Home country interest rates and international investment in U.S. bonds
    Journal of International Money and Finance, 2019, 95, (C), 212-227 View citations (13)
    See also Working Paper Home Country Interest Rates and International Investment in U.S. Bonds, International Finance Discussion Papers (2018) View citations (2) (2018)
11. How Important is the Global Financial Cycle? Evidence from Capital Flows
    IMF Economic Review, 2019, 67, (1), 24-60 View citations (86)
    See also Working Paper How Important is the Global Financial Cycle? Evidence from Capital Flows, NBER Working Papers (2017) View citations (84) (2017)
12. Impact of financial regulations: insights from an online repository of studies
    BIS Quarterly Review, 2019 View citations (25)
13. Push factors and capital flows to emerging markets: why knowing your lender matters more than fundamentals
    Journal of International Economics, 2019, 119, (C), 133-149 View citations (91)
    See also Working Paper Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More Than Fundamentals, ADB Economics Working Paper Series (2017) View citations (4) (2017)

2018

14. Fintech credit markets around the world: size, drivers and policy issues
    BIS Quarterly Review, 2018 View citations (110)
15. Regulating cryptocurrencies: assessing market reactions
    BIS Quarterly Review, 2018 View citations (59)
16. “Low-For-Long” interest rates and banks’ interest margins and profitability: Cross-country evidence
    Journal of Financial Intermediation, 2018, 35, (PA), 1-16 View citations (73)
    See also Working Paper \"Low-For-Long\" Interest Rates and Banks' Interest Margins and Profitability: Cross-Country Evidence, International Finance Discussion Papers (2017) View citations (39) (2017)

2017

17. Global Banking: Recent Developments and Insights from Research
    Review of Finance, 2017, 21, (4), 1513-1555 View citations (55)
    See also Working Paper Global Banking: Recent Developments and Insights from Research, CEPR Discussion Papers (2017) View citations (55) (2017)
18. Global liquidity and cross-border bank flows
    Economic Policy, 2017, 32, (89), 81-125 View citations (80)
19. The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
    Review of Finance, 2017, 21, (1), 201-236 View citations (33)
    See also Working Paper The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions, IMF Working Papers (2014) View citations (26) (2014)
20. The use and effectiveness of macroprudential policies: New evidence
    Journal of Financial Stability, 2017, 28, (C), 203-224 View citations (574)
    See also Working Paper The Use and Effectiveness of Macroprudential Policies: New Evidence, IMF Working Papers (2015) View citations (194) (2015)

2015

21. An Overview of Macroprudential Policy Tools
    Annual Review of Financial Economics, 2015, 7, (1), 397-422 View citations (127)
    See also Working Paper An Overview of Macroprudential Policy Tools, IMF Working Papers (2014) View citations (92) (2014)
22. Important Questions for Housing Markets and Housing Policy
    Journal of Money, Credit and Banking, 2015, 47, (S1), 419-421 View citations (3)
23. Opening Remarks
    Journal of Money, Credit and Banking, 2015, 47, (S1), 13-17
24. Saving the Euro: Mitigating Financial or Trade Spillovers?
    Journal of Money, Credit and Banking, 2015, 47, (7), 1369-1402 View citations (10)
25. The Impact of the Global Financial Crisis on Banking Globalization
    IMF Economic Review, 2015, 63, (4), 868-918 View citations (118)
    See also Working Paper The Impact of the Global Financial Crisis on Banking Globalization, IMF Working Papers (2014) View citations (29) (2014)

2014

26. Foreign Banks: Trends and Impact
    Journal of Money, Credit and Banking, 2014, 46, (s1), 295-326 View citations (333)
27. Institutions and financial frictions: Estimating with structural restrictions on firm value and investment
    Journal of Development Economics, 2014, 110, (C), 107-122 View citations (22)
28. Location Decisions of Foreign Banks and Competitor Remoteness
    Journal of Money, Credit and Banking, 2014, 46, (1), 145-170 View citations (24)
    See also Working Paper Location decisions of foreign banks and competitive advantage, Policy Research Working Paper Series (2007) View citations (25) (2007)

2013

29. Comovement of Newly Added Stocks with National Market Indices: Evidence from Around the World
    Review of Finance, 2013, 17, (1), 203-227 View citations (20)
30. Corporate governance in emerging markets: A survey
    Emerging Markets Review, 2013, 15, (C), 1-33 View citations (221)
31. Financial Crises: Review and Evidence
    Central Bank Review, 2013, 13, (3), 1-23 View citations (2)
32. Impact of Foreign Banks
    Journal of Financial Perspectives, 2013, 1, (1), 29-42 View citations (98)
33. Macro-prudential policies to mitigate financial system vulnerabilities
    Journal of International Money and Finance, 2013, 39, (C), 153-185 View citations (322)
    See also Working Paper Macro-Prudential Policies to Mitigate Financial System Vulnerabilities, IMF Working Papers (2014) View citations (52) (2014)

2012

34. Being a foreigner among domestic banks: Asset or liability?
    Journal of Banking & Finance, 2012, 36, (5), 1276-1290 View citations (40)
    See also Working Paper Being a Foreigner Among Domestic Banks: Asset or Liability?, IMF Working Papers (2009) View citations (13) (2009)
35. From the financial crisis to the real economy: Using firm-level data to identify transmission channels
    Journal of International Economics, 2012, 88, (2), 375-387 View citations (107)
    See also Working Paper From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, NBER Working Papers (2011) View citations (23) (2011)
    Chapter From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, NBER Chapters, 2011 (2011) View citations (21) (2011)
36. How do business and financial cycles interact?
    Journal of International Economics, 2012, 87, (1), 178-190 View citations (381)
    See also Working Paper How Do Business and Financial Cycles Interact?, CEPR Discussion Papers (2011) View citations (104) (2011)
37. Monetary and Macroprudential Policies
    IMF Economic Review, 2012, 60, (2), 151-154

2011

38. Commentary to: Central bank dollar swap lines and overseas dollar funding costs
    Economic Policy Review, 2011, 17, (May), 21-23
39. Financial Cycles: What? How? When?
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 303 - 344 View citations (278)
    See also Chapter Financial Cycles: What? How? When?, NBER Chapters, 2010, 303-343 (2010) View citations (74) (2010)
    Working Paper Financial Cycles: What? How? When?, CEPR Discussion Papers (2011) View citations (278) (2011)

2010

40. Corporate governance and regulation: Can there be too much of a good thing?
    Journal of Financial Intermediation, 2010, 19, (4), 461-482 View citations (65)
    See also Working Paper Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?, CEPR Discussion Papers (2007) View citations (35) (2007)
41. Cross-country experiences and policy implications from the global financial crisis
    (From Great Depression to Great Credit Crisis: Similarities, differences and lessons)
    Economic Policy, 2010, 25, (62), 267-293 View citations (133)
42. Recessions and Financial Disruptions in Emerging Marketes: A Bird's Eye View
    Journal Economía Chilena (The Chilean Economy), 2010, 13, (2), 55-84 View citations (1)
    See also Chapter Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View, Central Banking, Analysis, and Economic Policies Book Series, 2011, 16, 059-104 (2011) View citations (11) (2011)
43. The Financial Crisis
    Margin: The Journal of Applied Economic Research, 2010, 4, (2), 177-196 View citations (303)
44. The financial crisis of 2008-2009: Origins, issues, and prospects
    Journal of Asian Economics, 2010, 21, (3), 239-241 View citations (2)
45. The global financial crisis: How similar? How different? How costly?
    Journal of Asian Economics, 2010, 21, (3), 247-264 View citations (70)
    See also Working Paper The Global Financial Crisis:How Similar? How Different? How Costly?, Koç University-TUSIAD Economic Research Forum Working Papers (2010) View citations (66) (2010)

2009

46. Competition in the Financial Sector: Overview of Competition Policies
    The World Bank Research Observer, 2009, 24, (1), 83-118 View citations (79)
    See also Working Paper Competition in the Financial Sector: Overview of Competition Policies, IMF Working Papers (2009) View citations (77) (2009)
47. Evidence on Changes in Aid Allocation Criteria
    The World Bank Economic Review, 2009, 23, (2), 185-208 View citations (62)
48. Global financial crisis, risk analysis and risk measurement
    Journal of Banking & Finance, 2009, 33, (11), 1949-1952 View citations (15)
49. What happens during recessions, crunches and busts?
    (Business cycles for G-7 and European countries)
    Economic Policy, 2009, 24, (60), 653-700 View citations (242)
    See also Working Paper What Happens During Recessions, Crunches and Busts?, CEPR Discussion Papers (2008) View citations (159) (2008)

2008

50. Financial Stress and Economic Activity
    Journal of BRSA Banking and Financial Markets, 2008, 2, (2), 11-24 View citations (9)
51. Political connections and preferential access to finance: The role of campaign contributions
    Journal of Financial Economics, 2008, 88, (3), 554-580 View citations (633)
    See also Working Paper Political Connections and Preferential Access to Finance: The Role of Campaign Contributions, CEPR Discussion Papers (2007) View citations (10) (2007)
52. The Political Economy of Basle II: The Costs for Poor Countries
    The World Economy, 2008, 31, (3), 313-344 View citations (13)

2007

53. Finance and inequality: Channels and evidence
    Journal of Comparative Economics, 2007, 35, (4), 748-773 View citations (255)
54. Government Bonds in Domestic and Foreign Currency: the Role of Institutional and Macroeconomic Factors*
    Review of International Economics, 2007, 15, (2), 370-413 View citations (88)
55. International financial integration through equity markets: Which firms from which countries go global?
    Journal of International Money and Finance, 2007, 26, (5), 788-813 View citations (64)
    See also Working Paper International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?, IMF Working Papers (2007) View citations (65) (2007)
56. Strategic foreign reserves risk management: Analytical framework
    Annals of Operations Research, 2007, 152, (1), 79-113 View citations (4)

2006

57. Access to Financial Services: A Review of the Issues and Public Policy Objectives
    The World Bank Research Observer, 2006, 21, (2), 207-240 View citations (163)
    Also in Journal of Financial Transformation, 2006, 17, 16-19 (2006) View citations (155)
    See also Working Paper Access to financial services: a review of the issues and public policy objectives, Policy Research Working Paper Series (2005) View citations (22) (2005)
58. Corporate Governance and Development
    The World Bank Research Observer, 2006, 21, (1), 91-122 View citations (62)
59. Enforcement and Good Corporate Governance in Developing Countries and Transition Economies
    The World Bank Research Observer, 2006, 21, (1), 123-150 View citations (22)
60. Insolvency laws around the world - a statistical analysis and rules for their design
    ifo DICE Report, 2006, 4, (01), 9-15
61. Ownership and Financing Structures of Listed and Large Non‐listed Corporations
    Corporate Governance: An International Review, 2006, 14, (4), 266-276 View citations (13)
62. Stock market development and internationalization: Do economic fundamentals spur both similarly?
    Journal of Empirical Finance, 2006, 13, (3), 316-350 View citations (50)
63. The benefits and costs of group affiliation: Evidence from East Asia
    Emerging Markets Review, 2006, 7, (1), 1-26 View citations (89)
    See also Working Paper The Benefits and Costs of Group Affiliation: Evidence from East Asia, WIDER Working Paper Series (2002) View citations (17) (2002)

2005

64. Bankruptcy around the World: Explanations of Its Relative Use
    American Law and Economics Review, 2005, 7, (1), 253-283 View citations (183)
    See also Working Paper Bankruptcy around the World: Explanations of its Relative Use, CEI Working Paper Series (2002) View citations (30) (2002)
65. Financial Dependence, Banking Sector Competition, and Economic Growth
    Journal of the European Economic Association, 2005, 3, (1), 179-207 View citations (202)
    See also Working Paper Financial dependence, banking sector competition, and economic growth, Policy Research Working Paper Series (2005) View citations (192) (2005)
66. The Basel II Reform and Retail Credit Markets
    Journal of Financial Services Research, 2005, 28, (1), 5-13 View citations (10)

2004

67. What Drives Bank Competition? Some International Evidence
    Journal of Money, Credit and Banking, 2004, 36, (3), 563-83 View citations (695)
    Also in Proceedings, 2004, 563-592 (2004) View citations (660)
    See also Working Paper What Drives Bank Competition? Some International Evidence, CEPR Discussion Papers (2003) (2003)

2003

68. Designing Financial Systems in Transition Economies
    The Economics of Transition, 2003, 11, (1), 197-199 View citations (2)
69. Financial Development, Property Rights, and Growth
    Journal of Finance, 2003, 58, (6), 2401-2436 View citations (522)
    See also Working Paper Financial Development, Property Rights and Growth, CEPR Discussion Papers (2002) View citations (24) (2002)
70. Policy Selectivity Forgone: Debt and Donor Behavior in Africa
    The World Bank Economic Review, 2003, 17, (3), 409-435 View citations (30)
    See also Working Paper Policy Selectivity Foregone: Debt and Donor Behavior in Africa, Working Papers (2002) View citations (26) (2002)
71. Resolution of corporate distress in East Asia
    Journal of Empirical Finance, 2003, 10, (1-2), 199-216 View citations (57)
72. When does corporate diversification matter to productivity and performance? Evidence from East Asia
    Pacific-Basin Finance Journal, 2003, 11, (3), 365-392 View citations (16)

2002

73. Corporate Governance in Asia: A Survey
    International Review of Finance, 2002, 3, (2), 71-103 View citations (191)
74. Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
    Journal of Finance, 2002, 57, (6), 2741-2771 View citations (1153)
75. Electronic Finance: Reshaping the Financial Landscape Around the World
    Journal of Financial Services Research, 2002, 22, (1), 29-61 View citations (26)
76. Privatization benefits in Eastern Europe
    Journal of Public Economics, 2002, 83, (3), 307-324 View citations (34)

2001

77. Developments in global e-finance
    Journal of Financial Transformation, 2001, 2, 53-59 View citations (1)
78. How does foreign entry affect domestic banking markets?
    Journal of Banking & Finance, 2001, 25, (5), 891-911 View citations (698)
    See also Working Paper How does foreign entry affect the domestic banking market?, Policy Research Working Paper Series (1998) View citations (71) (1998)
79. The Political Economy of Distress in East Asian Financial Institutions
    Journal of Financial Services Research, 2001, 19, (1), 5-25 View citations (74)
    See also Working Paper The political economy of distress in East Asian financial institutions, Policy Research Working Paper Series (2000) View citations (45) (2000)

2000

80. Contagion: Understanding How It Spreads
    The World Bank Research Observer, 2000, 15, (2), 177-97 View citations (373)
81. Corporate Performance in the East Asian Financial Crisis
    The World Bank Research Observer, 2000, 15, (1), 23-46 View citations (71)
82. THE ROLE AND FUNCTIONING OF BUSINESS GROUPS IN EAST ASIA AND CHILE
    Abante, 2000, 3, (1), 91 -107 View citations (17)
83. The separation of ownership and control in East Asian Corporations
    Journal of Financial Economics, 2000, 58, (1-2), 81-112 View citations (1631)

1999

84. Corporate growth and risk around the world
    Proceedings, 1999, (Sep) View citations (2)
85. Enterprise performance and management turnover in the Czech Republic
    European Economic Review, 1999, 43, (4-6), 1115-1124 View citations (62)
86. Ownership Concentration and Corporate Performance in the Czech Republic
    Journal of Comparative Economics, 1999, 27, (3), 498-513 View citations (148)
    See also Working Paper Ownership Concentration and Corporate Performance in the Czech Republic, William Davidson Institute Working Papers Series (1999) View citations (149) (1999)

1998

87. Banking reform in transition countries
    Journal of Economic Policy Reform, 1998, 2, (2), 115-133 View citations (5)
    See also Working Paper Banking reform in transition countries, Policy Research Working Paper Series (1996) View citations (17) (1996)
88. Comment on "Banking in Transition Economies."
    Journal of Money, Credit and Banking, 1998, 30, (3), 651-55 View citations (6)
89. Equity and bond flows to Latin America and Asia: the role of global and country factors
    Journal of Development Economics, 1998, 55, (2), 439-463 View citations (289)

1997

90. Conceptual and Methodological Issues in the Measurement of Capital Flight
    International Journal of Finance & Economics, 1997, 2, (2), 101-19 View citations (17)
91. Corporate Governance and Equity Prices: Evidence from the Czech and Slovak Republics
    Journal of Finance, 1997, 52, (4), 1641-58 View citations (39)
    See also Working Paper Corporate governance and equity prices: evidence from the Czech and Slovak Republics, Policy Research Working Paper Series (1995) View citations (8) (1995)
92. HIPCs' Debt Review of the Issues
    Journal of African Economies, 1997, 6, (2), 231-54 View citations (6)
93. State enterprise performance and soft budget constraints: The case of Bulgaria
    The Economics of Transition, 1997, 5, (2), 305-322 View citations (26)

1996

94. Estimating the Likelihood of Mexican Default from the Market Prices of Brady Bonds
    Journal of Financial and Quantitative Analysis, 1996, 31, (1), 109-126 View citations (41)

1995

95. Bootstrapping options: An application to recapture clauses
    Economics Letters, 1995, 47, (3-4), 377-384
96. Portfolio Capital Flows: Hot or Cold?
    The World Bank Economic Review, 1995, 9, (1), 153-74 View citations (176)
    See also Working Paper Portfolio Capital Flows: Hot or Cold, Working Papers (1995) View citations (142) (1995)
97. Pricing externalities in the world financial markets: Theory and policy implications
    Pacific-Basin Finance Journal, 1995, 3, (1), 31-55 View citations (6)
98. Return Behavior in Emerging Stock Markets
    The World Bank Economic Review, 1995, 9, (1), 131-51 View citations (111)
99. The Emergence of Equity Investment in Developing Countries: Overview
    The World Bank Economic Review, 1995, 9, (1), 1-17 View citations (25)

1994

100. Recent experience with commercial bank debt reduction: Has the "menu" outdone the market?
     World Development, 1994, 22, (2), 201-213 View citations (7)

1993

101. Alternative Forms of External Finance: A Survey
     The World Bank Research Observer, 1993, 8, (1), 91-117 View citations (3)
     See also Working Paper Alternative forms of external finance: a survey, Policy Research Working Paper Series (1991) View citations (1) (1991)
102. Secondary Market Prices and Mexico's Brady Deal
     The Quarterly Journal of Economics, 1993, 108, (4), 965-982 View citations (13)
103. The 1990 Mexico and Venezuela recapture clauses: An application of average price options
     Journal of Banking & Finance, 1993, 17, (4), 733-745 View citations (2)

1992

104. The Optimal Currency Composition of External Debt: Theory and Applications to Mexico and Brazil
     The World Bank Economic Review, 1992, 6, (3), 503-28 View citations (17)

1991

105. Balance of payments crises in an optimal portfolio model
     European Economic Review, 1991, 35, (1), 81-101 View citations (18)
106. Optimal dynamic hedging portfolios and the currency composition of external debt
     Journal of International Money and Finance, 1991, 10, (1), 131-148 View citations (19)
107. The LDC debt crisis: Who gains from debt reductions?
     Japan and the World Economy, 1991, 3, (2), 181-202 View citations (1)

1990

108. Investment Incentives: New Money, Debt Relief, and the Critical Role of Conditionality in the Debt Crisis
     The World Bank Economic Review, 1990, 4, (1), 21-41 View citations (19)
109. The debt laffer curve: Some estimates
     World Development, 1990, 18, (12), 1671-1677 View citations (37)

1988

110. Balance-of-payments crises in a perfect foresight optimizing model
     Journal of International Money and Finance, 1988, 7, (4), 363-372 View citations (4)

Books

2018

1. Frontiers of macrofinancial linkages
   BIS Papers, Bank for International Settlements View citations (26)

2006

2. A Reader in International Corporate Finance, Volume One
   World Bank Publications - Books, The World Bank Group
3. A Reader in International Corporate Finance, Volume Two
   World Bank Publications - Books, The World Bank Group
4. Financial Sector Development and the Millennium Development Goals
   World Bank Publications - Books, The World Bank Group View citations (16)

2004

5. Buildings Market Institutions in South Eastern Europe: Comparative Prospects for Investment and Private Sector Development
   World Bank Publications - Books, The World Bank Group View citations (12)

2002

6. Electronic Finance: A New Approach to Financial Sector Development ?
   World Bank Publications - Books, The World Bank Group View citations (4)

Edited books

2020

1. Barcelona Report 2 - The Bank Business Model in the Post-Covid-19 World
   Vox eBooks, Centre for Economic Policy Research View citations (3)
2. Promoting Global Monetary and Financial Stability
   Cambridge Books, Cambridge University Press

2011

3. Macroprudential Regulatory Policies:The New Road to Financial Stability?
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd. View citations (6)

Chapters

2019

1. Regional House Price Differences: Drivers and Risks
   Springer

2016

2. Banking Activity Trends Following the Financial Crisis: Expansion or Retrenchment?
   Chapter 9 in The Future of Large, Internationally Active Banks, 2016, pp 125-142
3. Business and financial cycles in emerging markets: lessons for macroprudential policies
   Chapter 3 in Macroprudential Regulation of International Finance, 2016, pp 39-80 View citations (2)
4. The Role of Foreign Banks in Local Credit Booms
   Chapter 18 in The Future of Large, Internationally Active Banks, 2016, pp 273-292 View citations (3)
5. The use and effectiveness of macroprudential policies
   A chapter in Macroprudential policy, 2016, vol. 86, pp 95-102 View citations (54)

2012

6. Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data Are Needed?
   A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2012, pp 235-260 View citations (67)
   See also Working Paper Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?, National Bureau of Economic Research, Inc (2012) View citations (74) (2012)

2011

7. Dealing with Cross-Border Bank Distress: Some Specific Options for Reform
   Chapter 23 in The International Financial Crisis Have the Rules of Finance Changed?, 2011, pp 325-338
8. From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels
   A chapter in Global Financial Crisis, 2011 View citations (21)
   See also Journal Article From the financial crisis to the real economy: Using firm-level data to identify transmission channels, Elsevier (2012) View citations (107) (2012)
   Working Paper From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, National Bureau of Economic Research, Inc (2011) View citations (23) (2011)
9. Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View
   Chapter 04 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 059-104 View citations (11)
   See also Journal Article Recessions and Financial Disruptions in Emerging Marketes: A Bird's Eye View, Central Bank of Chile (2010) View citations (1) (2010)
   Working Paper Recessions and Financial Disruptions in Emerging Markets: A Bird´s Eye View, Central Bank of Chile (2010) View citations (4) (2010)

2010

10. Financial Cycles: What? How? When?
    A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 303-343 View citations (74)
    See also Journal Article Financial Cycles: What? How? When?, University of Chicago Press (2011) View citations (278) (2011)
    Working Paper Financial Cycles: What? How? When?, C.E.P.R. Discussion Papers (2011) View citations (278) (2011)
11. Strategic Investment and Risk Management for Sovereign Wealth Funds
    Palgrave Macmillan

2006

12. Competitive Implications of Cross-Border Banking
    Chapter 11 in Cross-Border Banking Regulatory Challenges, 2006, pp 151-181 View citations (50)
    See also Working Paper Competitive implications of cross-border banking, The World Bank (2006) View citations (51) (2006)

2005

13. Theories of Currency and Banking Crises: A Literature Review
    Palgrave Macmillan View citations (1)

2003

14. The Growing Importance of Networks in Finance and its Effects on Competition
    Chapter 6 in Innovations in Financial and Economic Networks, 2003, pp 110-135

2001

15. Financial Restructuring in Banking and Corporate-Sector Crises What Policies to Pursue?
    A chapter in Managing Currency Crises in Emerging Markets, 2001, pp 147-185 View citations (25)
    See also Working Paper Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?, National Bureau of Economic Research, Inc (2001) View citations (34) (2001)

2000

16. Capital Flows to Central and Eastern Europe and the Former Soviet Union
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 299-339 View citations (5)
    See also Working Paper Capital flows to Central and Eastern Europe and the Former Soviet Union, The World Bank (1998) View citations (24) (1998)
17. Manager Incentives and Turnover of Managers: Evidence from the Czech Republic
    Palgrave Macmillan

1994

18. The Effect of Barriers to Equity Investment in Developing Countries
    A chapter in The Internationalization of Equity Markets, 1994, pp 231-275 View citations (20)