Details about Luc Laeven

Homepage:	http://www.luclaeven.com
Postal address:	European Central Bank Directorate General Research Sonnemannstrasse 20 Room S 08.27 (NEP) D-60314 Frankfurt am Main Germany
Workplace:	European Central Bank, (more information at EDIRC)

Access statistics for papers by Luc Laeven.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pla174

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Working Papers

2022

1. Falling interest rates and credit reallocation: Lessons from general equilibrium
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (5)
2. Financial Markets and Green Innovation
   Working Paper Series, European Central Bank View citations (1)
3. Media Capture by Banks
   IZA Discussion Papers, Institute of Labor Economics (IZA)
   Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2022)
4. Monetary policy, macroprudential policy and financial stability
   Working Paper Series, European Central Bank View citations (1)
5. Public Guarantees, Relationship Lending and Bank Credit: Evidence from the COVID-19 Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
6. Quantitative Easing and Corporate Innovation
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, European Central Bank (2021) View citations (1)

2021

7. Carbon Taxes and the Geography of Fossil Lending
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
8. Do bank insiders impede equity issuances?
   Working Paper Series, European Central Bank
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
9. Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium
   Working Papers, Barcelona School of Economics View citations (6)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (1)
10. Global Evidence on Profit Shifting Within Firms and Across Time
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
11. Investing in Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Paper Series, European Central Bank (2021)
12. Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers
    EconStor Preprints, ZBW - Leibniz Information Centre for Economics
    Also in Working Paper Series, European Central Bank (2020) View citations (12)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2021)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (12)
    Working Papers, Barcelona School of Economics (2021)
13. Systemic Risk and Monetary Policy: The Haircut Gap Channel of the Lender of Last Resort
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

14. Financial Intermediation and Technology: What's Old, What's New?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Paper Series, European Central Bank (2020) View citations (2)
    IMF Working Papers, International Monetary Fund (2020) View citations (2)
15. Growth-and-Risk Trade-off
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Paper Series, European Central Bank (2020) View citations (2)
16. Loan Types and the Bank Lending Channel
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Working Papers, Banco de España (2020) View citations (16)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (16)
    Working Paper Series, European Central Bank (2020) View citations (16)
    See also Journal Article in Journal of Monetary Economics (2022)
17. Pandemics, Intermediate Goods, and Corporate Valuation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article in Journal of International Money and Finance (2022)
18. Systemic Banking Crises Database: A Timely Update in COVID-19 Times
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (89)
19. Zombification in Europe in times of pandemic
    ECONtribute Policy Brief Series, University of Bonn and University of Cologne, Germany View citations (11)

2019

20. Collateral booms and information depletion
    Working Paper Series, European Central Bank View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (6)
    Working Papers, Barcelona School of Economics (2018) View citations (6)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2019) View citations (6)
    See also Journal Article in Review of Economic Studies (2022)
21. Debt overhang, rollover risk, and corporate investment: evidence from the European crisis
    Working Paper Series, European Central Bank View citations (41)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (53)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (53)
22. The Gender Promotion Gap: Evidence from Central Banking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2019) View citations (16)
    Working Paper Series, European Central Bank (2019) View citations (12)
    Working Papers, Banco de España (2019) View citations (12)
    See also Journal Article in The Review of Economics and Statistics (2022)
23. The Procyclicality of Banking: Evidence from the Euro Area
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (25)
    Also in Working Paper Series, European Central Bank (2019) View citations (26)
    Discussion Paper, Tilburg University, Center for Economic Research (2019) View citations (27)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2019) View citations (25)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (27)
    See also Journal Article in IMF Economic Review (2019)

2018

24. Credit Shocks, Employment Protection, and Growth: Firm-level Evidence from Spain
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working Paper Series, European Central Bank (2018) View citations (11)
25. Managing the Sovereign-Bank Nexus
    IMF Departmental Papers / Policy Papers, International Monetary Fund View citations (28)
    Also in Working Paper Series, European Central Bank (2018) View citations (31)
26. Systemic Banking Crises Revisited
    IMF Working Papers, International Monetary Fund View citations (251)

2017

27. Nonconsolidated Affiliates, Bank Capitalization, and Risk Taking
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2017)
    Discussion Paper, Tilburg University, Center for Economic Research (2017) View citations (2)
    See also Journal Article in Journal of Banking & Finance (2018)

2016

28. A lost generation? Education decisions and employment outcomes during the U.S. housing boom-bust cycle of the 2000s
    Working Paper Series, European Central Bank View citations (11)
    See also Journal Article in American Economic Review (2016)
29. Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    Also in Working Paper Series, European Central Bank (2016) View citations (23)
    IMF Working Papers, International Monetary Fund (2013) View citations (43)
    See also Journal Article in Journal of Finance (2017)
30. Benefits and Costs of Bank Capital
    IMF Staff Discussion Notes, International Monetary Fund View citations (55)
31. Does the Geographic Expansion of Banks Reduce Risk?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (105)
    See also Journal Article in Journal of Financial Economics (2016)
32. Political Foundations of the Lender of Last Resort: A Global Historical Narrative
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    See also Journal Article in Journal of Financial Intermediation (2016)
33. Waking up from the American dream: on the experience of young Americans during the housing boom of the 2000s
    Working Paper Series, European Central Bank View citations (3)
    See also Journal Article in Journal of Money, Credit and Banking (2017)

2015

34. Nonconsolidated subsidiaries, bank capitalization and risk taking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
35. The Use and Effectiveness of Macroprudential Policies: New Evidence
    IMF Working Papers, International Monetary Fund View citations (185)
    See also Journal Article in Journal of Financial Stability (2017)
36. Tracking Variation in Systemic Risk at US Banks During 1974-2013
    Working Papers Series, Institute for New Economic Thinking View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (22)

2014

37. Bank Size and Systemic Risk
    IMF Staff Discussion Notes, International Monetary Fund View citations (82)
38. Deposit Insurance Database
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    Also in Policy Research Working Paper Series, The World Bank (2014) View citations (25)
    IMF Working Papers, International Monetary Fund (2014) View citations (61)
39. Does the Geographic Expansion of Bank Assets Reduce Risk?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
40. The Development of Local Capital Markets: Rationale and Challenges
    IMF Working Papers, International Monetary Fund View citations (18)
41. Thin Capitalization Rules and Multinational Firm Capital Structure
    Discussion Paper, Tilburg University, Center for Economic Research View citations (77)
    Also in Taxation Papers, Directorate General Taxation and Customs Union, European Commission (2014) View citations (77)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2014) View citations (66)
    IMF Working Papers, International Monetary Fund (2014) View citations (76)
    CESifo Working Paper Series, CESifo (2014) View citations (76)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (77)
    Working Papers, Oxford University Centre for Business Taxation (2013) View citations (25)

2013

42. Understanding Financial Crises: Causes, Consequences, and Policy Responses
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (15)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2013) View citations (15)
43. Who invests in home equity to exempt wealth from bankruptcy?
    SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE
    Also in Working Paper Series, European Central Bank (2011) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010)
    Discussion Paper, Tilburg University, Center for Economic Research (2010)

2012

44. Local Bias and Stock Market Conditions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
45. Policies for Macrofinancial Stability: How to Deal with Credit Booms
    IMF Staff Discussion Notes, International Monetary Fund View citations (263)
46. Systemic Banking Crises Database: An Update
    IMF Working Papers, International Monetary Fund View citations (773)
47. The Valuation Effects of Geographic Diversification: Evidence From U.S. Banks
    IMF Working Papers, International Monetary Fund View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011)

2011

48. Bank governance and regulation
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (5)
49. Crisis Management and Resolution: Early Lessons from the Financial Crisis
    IMF Staff Discussion Notes, International Monetary Fund View citations (38)
50. Financial Innovation and Endogenous Growth
    Economics Working Papers, Institute for Advanced Study, School of Social Science View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (29)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (28)
    See also Journal Article in Journal of Financial Intermediation (2015)
51. Managing Capital Inflows: What Tools to Use?
    IMF Staff Discussion Notes, International Monetary Fund View citations (206)
52. Monetary Policy, Leverage, and Bank Risk-taking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    Also in IMF Working Papers, International Monetary Fund (2010) View citations (95)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2010) View citations (97)
53. The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (31)
    See also Journal Article in Journal of Financial Economics (2012)
54. The Real Effects of Financial Sector Interventions During Crises
    IMF Working Papers, International Monetary Fund View citations (35)
    See also Journal Article in Journal of Money, Credit and Banking (2013)
55. Trade Credit Contracts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Policy Research Working Paper Series, The World Bank (2011) View citations (17)
    Policy Research Working Paper Series, The World Bank (2010) View citations (3)
    See also Journal Article in Review of Financial Studies (2012)

2010

56. Lessons and Policy Implications from the Global Financial Crisis
    IMF Working Papers, International Monetary Fund View citations (93)
57. Monetary Policy and Bank Risk-Taking
    IMF Staff Position Notes, International Monetary Fund View citations (41)
58. Resolution of Banking Crises: The Good, the Bad, and the Ugly
    IMF Working Papers, International Monetary Fund View citations (460)
59. The Dismal State of Banking
    Other publications TiSEM, Tilburg University, School of Economics and Management
60. U.S. Monetary Shocks and Global Stock Prices
    IMF Working Papers, International Monetary Fund View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (1)
    See also Journal Article in Journal of Financial Intermediation (2012)

2009

61. Accounting Discretion of Banks During a Financial Crisis
    Discussion Paper, Tilburg University, Center for Economic Research View citations (42)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (43)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (38)
    IMF Working Papers, International Monetary Fund (2009) View citations (41)
62. Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market
    Discussion Paper, Tilburg University, Center for Economic Research View citations (36)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (253)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (39)
    IMF Working Papers, International Monetary Fund (2008) View citations (221)
    See also Journal Article in Journal of Money, Credit and Banking (2012)
63. International Taxation and Multinational Firm Location Decisions
    Taxation Papers, Directorate General Taxation and Customs Union, European Commission View citations (4)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2009) View citations (10)
    Working Papers CEB, ULB -- Universite Libre de Bruxelles (2008) View citations (32)
    CESifo Working Paper Series, CESifo (2008) View citations (20)
    Working Papers, Oxford University Centre for Business Taxation (2008) View citations (36)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (20)
    See also Journal Article in Journal of Public Economics (2012)
64. Principles of Household Debt Restructuring
    IMF Staff Position Notes, International Monetary Fund View citations (9)

2008

65. Bank Governance, Regulation, and Risk Taking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    See also Journal Article in Journal of Financial Economics (2009)
66. Finance, firm size and growth
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (277)
    Also in Policy Research Working Paper Series, The World Bank (2005) View citations (28)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (37)
    See also Journal Article in Journal of Money, Credit and Banking (2008)
67. Sovereign Wealth Funds: Their Investment Strategies and Performance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (34)
68. Systemic Banking Crises: A New Database
    IMF Working Papers, International Monetary Fund View citations (905)
69. The U.S. subprime mortgage crisis: a credit boon gone bad?
    Proceedings, Federal Reserve Bank of Chicago View citations (4)
70. The Use of Blanket Guarantees in Banking Crises
    IMF Working Papers, International Monetary Fund View citations (32)
    See also Journal Article in Journal of International Money and Finance (2012)

2007

71. Capital Structure and International Debt Shifting
    IMF Working Papers, International Monetary Fund View citations (91)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2006) View citations (15)
    Working Papers CEB, ULB -- Universite Libre de Bruxelles (2007) View citations (72)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (129)
    See also Journal Article in Journal of Financial Economics (2008)
72. Complex Ownership Structures and Corporate Valuations
    IMF Working Papers, International Monetary Fund View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (5)
    See also Journal Article in Review of Financial Studies (2008)
73. Determinants of Deposit-Insurance Adoption and Design
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in Policy Research Working Paper Series, The World Bank (2006) View citations (18)
    See also Journal Article in Journal of Financial Intermediation (2008)
74. International Profit Shifting within European Multinationals
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (52)
75. Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
76. 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 in Journal of Financial Economics (2008)
77. The Impact of Organizational Structure and Lending Technology on Banking Competition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2007) View citations (14)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2007) View citations (11)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2006) View citations (3)
    Discussion Paper, Tilburg University, Center for Economic Research (2006) View citations (3)
    See also Journal Article in Review of Finance (2009)
78. The Invisible Hand in Corporate Governance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)

2006

79. Banking Crises, Financial Dependence and Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    See also Journal Article in Journal of Financial Economics (2007)
80. Corporate Governance Quality: Trends and Real Effects
    IMF Working Papers, International Monetary Fund View citations (23)
    See also Journal Article in Journal of Financial Intermediation (2008)
81. Deposit insurance design and implementation: policy lessons from research and practice
    Policy Research Working Paper Series, The World Bank View citations (7)
82. Does Campaign Finance imply Political Favors?
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (1)
83. Institution Building and Growth in Transition Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (103)
    Also in Policy Research Working Paper Series, The World Bank (2005) View citations (27)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2006) View citations (103)
    See also Journal Article in Journal of Economic Growth (2006)
84. International profit shifting within multinationals: a multi-country perspective
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (8)
    See also Journal Article in Journal of Public Economics (2008)
85. Resolution of failed banks by deposit insurers: cross-country evidence
    Policy Research Working Paper Series, The World Bank View citations (28)
86. The determinants of financing obstacles
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (353)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (15)
    See also Journal Article in Journal of International Money and Finance (2006)

2005

87. Deposit insurance around the world: a comprehensive database
    Policy Research Working Paper Series, The World Bank View citations (133)
88. Financial dependence, banking sector competition, and economic growth
    Policy Research Working Paper Series, The World Bank View citations (172)
    See also Journal Article in Journal of the European Economic Association (2005)
89. Is There a Diversification Discount in Financial Conglomerates?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (26)
    See also Journal Article in Journal of Financial Economics (2007)
90. What drives corporate governance? Firm-level evidence from Eastern Europe
    Policy Research Working Paper Series, The World Bank View citations (11)

2004

91. A taxonomy of financial crisis resolution mechanisms: cross-country experience
    Policy Research Working Paper Series, The World Bank View citations (15)
92. Business Environment and Firm Entry: Evidence from International Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (96)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (87)
93. Entry Regulation as a Barrier to Entrepreneurship
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    See also Journal Article in Journal of Financial Economics (2006)
94. Governance and bank valuation
    Policy Research Working Paper Series, The World Bank View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (34)
    See also Journal Article in Journal of Financial Intermediation (2007)
95. Resolving systemic financial crisis: policies and institutions
    Policy Research Working Paper Series, The World Bank View citations (9)
96. The political economy of deposit insurance
    Policy Research Working Paper Series, The World Bank View citations (50)
    See also Journal Article in Journal of Financial Services Research (2004)
97. The quality of the legal system, firm ownership, andfirm size
    Policy Research Working Paper Series, The World Bank View citations (4)
    See also Journal Article in The Review of Economics and Statistics (2007)

2003

98. Does judicial efficiency lower the cost of credit
    Policy Research Working Paper Series, The World Bank View citations (14)
    See also Journal Article in Journal of Banking & Finance (2005)
99. Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    See also Journal Article in Journal of Money, Credit and Banking (2004)
100. The impact of bank regulations, concentration, and institutions on bank margins
     Policy Research Working Paper Series, The World Bank View citations (33)
101. What drives bank competition? some international evidence
     Policy Research Working Paper Series, The World Bank View citations (56)
     See also Journal Article in Journal of Money, Credit and Banking (2004)

2002

102. Financial Development, Property Rights and Growth
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
     Also in Policy Research Working Paper Series, The World Bank (2002) View citations (22)
     See also Journal Article in Journal of Finance (2003)
103. Financial crises, financial dependence, and industry growth
     Policy Research Working Paper Series, The World Bank View citations (15)
104. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
     CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University View citations (8)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (13)
     See also Journal Article in Journal of Financial Services Research (2003)
105. Pricing of deposit insurance
     Policy Research Working Paper Series, The World Bank View citations (27)

2001

106. Confidence Building in Emerging Stock Markets
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
     Also in William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (2000) View citations (2)
107. 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 (2001)
108. International evidence on the value of product and geographic diversity
     Policy Research Working Paper Series, The World Bank
109. Loan loss provisioning and economic slowdowns: too much, too late?
     Policy Research Working Paper Series, The World Bank View citations (14)
     See also Journal Article in Journal of Financial Intermediation (2003)
110. Stock market responses to bank restructuring policies during the East Asian crisis
     Policy Research Working Paper Series, The World Bank View citations (20)

2000

111. Banking risks around the world - the implicit safety net subsidy approach
     Policy Research Working Paper Series, The World Bank View citations (9)
112. Does financial liberalization relax financing constraints on firms ?
     Policy Research Working Paper Series, The World Bank View citations (12)

1999

113. Risk and efficiency in East Asian banks
     Policy Research Working Paper Series, The World Bank View citations (59)

Journal Articles

2022

1. Collateral Booms and Information Depletion
   (Rational Exuberance Booms)
   Review of Economic Studies, 2022, 89, (2), 517-555 View citations (1)
   See also Working Paper (2019)
2. Loan types and the bank lending channel
   Journal of Monetary Economics, 2022, 126, (C), 171-187 View citations (1)
   See also Working Paper (2020)
3. Monetary and macroprudential policies: trade-offs and interactions
   Research Bulletin, 2022, 92
4. Pandemics, intermediate goods, and corporate valuation
   Journal of International Money and Finance, 2022, 120, (C) View citations (2)
   See also Working Paper (2020)
5. The Gender Promotion Gap: Evidence from Central Banking
   The Review of Economics and Statistics, 2022, 104, (5), 981-996
   See also Working Paper (2019)

2021

6. Fintech: what’s old, what’s new?
   Journal of Financial Stability, 2021, 53, (C) View citations (5)
7. Safe-Asset Shortages: Evidence from the European Government Bond Lending Market
   Journal of Financial and Quantitative Analysis, 2021, 56, (8), 2689-2719

2020

8. Bank Capital: A Seawall Approach
   International Journal of Central Banking, 2020, 16, (2), 249-291 View citations (6)
9. Editors’ Introduction to the Special Issue
   Journal of Money, Credit and Banking, 2020, 52, (S1), 5-12
10. Systemic Banking Crises Database II
    IMF Economic Review, 2020, 68, (2), 307-361 View citations (90)
    Also in IMF Economic Review, 2013, 61, (2), 225-270 (2013) View citations (698)

2019

11. The Procyclicality of Banking: Evidence from the Euro Area
    IMF Economic Review, 2019, 67, (3), 496-527 View citations (27)
    See also Working Paper (2019)
12. The gender promotion gap: what holds back female economists from making a career in central banking?
    Research Bulletin, 2019, 63 View citations (1)
13. The regulatory response to the sovereign-bank nexus
    Global Finance Journal, 2019, 39, (C), 17-20 View citations (4)
    See also Chapter (2017)

2018

14. After the credit squeeze: how labour market flexibility can strengthen firm growth and employment
    Research Bulletin, 2018, 52
15. Nonconsolidated affiliates, bank capitalization, and risk taking
    Journal of Banking & Finance, 2018, 97, (C), 109-129 View citations (5)
    See also Working Paper (2017)

2017

16. Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States
    Journal of Finance, 2017, 72, (2), 613-654 View citations (228)
    See also Working Paper (2016)
17. The use and effectiveness of macroprudential policies: New evidence
    Journal of Financial Stability, 2017, 28, (C), 203-224 View citations (459)
    See also Working Paper (2015)
18. Waking Up from the American Dream: On the Experience of Young Americans during the Housing Boom of the 2000s
    Journal of Money, Credit and Banking, 2017, 49, (5), 861-895 View citations (3)
    See also Working Paper (2016)

2016

19. A Lost Generation? Education Decisions and Employment Outcomes during the US Housing Boom-Bust Cycle of the 2000s
    American Economic Review, 2016, 106, (5), 630-35 View citations (12)
    See also Working Paper (2016)
20. Bank size, capital, and systemic risk: Some international evidence
    Journal of Banking & Finance, 2016, 69, (S1), S25-S34 View citations (169)
21. Credit booms and macrofinancial stability
    Economic Policy, 2016, 31, (86), 299-355 View citations (57)
22. Does the geographic expansion of banks reduce risk?
    Journal of Financial Economics, 2016, 120, (2), 346-362 View citations (101)
    See also Working Paper (2016)
23. Local Ownership, Crises, and Asset Prices: Evidence from US Mutual Funds
    Review of Finance, 2016, 20, (3), 947-978 View citations (11)
24. Political foundations of the lender of last resort: A global historical narrative
    Journal of Financial Intermediation, 2016, 28, (C), 48-65 View citations (23)
    See also Working Paper (2016)
25. The effect of personal bankruptcy exemptions on investment in home equity
    Journal of Financial Intermediation, 2016, 25, (C), 77-98 View citations (4)

2015

26. Deposit insurance around the world: A comprehensive analysis and database
    Journal of Financial Stability, 2015, 20, (C), 155-183 View citations (59)
27. Financial innovation and endogenous growth
    Journal of Financial Intermediation, 2015, 24, (1), 1-24 View citations (97)
    See also Working Paper (2011)

2014

28. Commentaires sur « La régulation du secteur bancaire dans les pays en développement et les pays émergents »
    Revue d’économie du développement, 2014, 22, (2), 27-31
29. Comments on “The Regulation of the Banking Sector in Developing and Emerging Countries”
    Revue d’économie du développement, 2014, 22, (HS02), 95-98
30. Real interest rates, leverage, and bank risk-taking
    Journal of Economic Theory, 2014, 149, (C), 65-99 View citations (219)

2013

31. Corporate Governance: What’s Special About Banks?
    Annual Review of Financial Economics, 2013, 5, (1), 63-92 View citations (22)
32. Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of U.S. Banks
    Review of Financial Studies, 2013, 26, (7), 1787-1823 View citations (111)
33. The Real Effects of Financial Sector Interventions during Crises
    Journal of Money, Credit and Banking, 2013, 45, (1), 147-177 View citations (88)
    Also in Journal of Money, Credit and Banking, 2013, 45, (1), 147-177 (2013) View citations (21)
    See also Working Paper (2011)

2012

34. Bank valuation and accounting discretion during a financial crisis
    Journal of Financial Economics, 2012, 106, (3), 614-634 View citations (132)
35. Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market
    Journal of Money, Credit and Banking, 2012, 44, (2‐3), 367-384 View citations (62)
    Also in Journal of Money, Credit and Banking, 2012, 44, 367-384 (2012) View citations (269)
    See also Working Paper (2009)
36. Flight Home, Flight Abroad, and International Credit Cycles
    American Economic Review, 2012, 102, (3), 219-24 View citations (68)
37. International taxation and multinational firm location decisions
    Journal of Public Economics, 2012, 96, (11), 946-958 View citations (98)
    See also Working Paper (2009)
38. Seven Ways to Deal with a Financial Crisis: Cross-Country Experience and Policy Implications
    Journal of Applied Corporate Finance, 2012, 24, (4), 8-22 View citations (2)
39. The flight home effect: Evidence from the syndicated loan market during financial crises
    Journal of Financial Economics, 2012, 104, (1), 23-43 View citations (283)
    See also Working Paper (2011)
40. The use of blanket guarantees in banking crises
    Journal of International Money and Finance, 2012, 31, (5), 1220-1248 View citations (29)
    See also Working Paper (2008)
41. Trade Credit Contracts
    Review of Financial Studies, 2012, 25, (3), 838-867 View citations (110)
    See also Working Paper (2011)
42. US monetary shocks and global stock prices
    Journal of Financial Intermediation, 2012, 21, (3), 530-547 View citations (14)
    See also Working Paper (2010)

2011

43. Banking Crises: A Review
    Annual Review of Financial Economics, 2011, 3, (1), 17-40 View citations (39)
44. Gestión de la entrada de capitales: ¿Qué herramientas usar?
    Boletín, 2011, LVII, (3), 138-174

2010

45. 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 (116)

2009

46. Bank governance, regulation and risk taking
    Journal of Financial Economics, 2009, 93, (2), 259-275 View citations (1231)
    See also Working Paper (2008)
47. Corporate governance norms and practices
    Journal of Financial Intermediation, 2009, 18, (3), 405-431 View citations (30)
48. Pension Reform, Ownership Structure, and Corporate Governance: Evidence from a Natural Experiment
    Review of Financial Studies, 2009, 22, (10), 4091-4127 View citations (28)
49. The Impact of Organizational Structure and Lending Technology on Banking Competition
    Review of Finance, 2009, 13, (2), 225-259 View citations (59)
    See also Working Paper (2007)

2008

50. Capital structure and international debt shifting
    Journal of Financial Economics, 2008, 88, (1), 80-118 View citations (282)
    See also Working Paper (2007)
51. Complex Ownership Structures and Corporate Valuations
    Review of Financial Studies, 2008, 21, (2), 579-604 View citations (164)
    See also Working Paper (2007)
52. Corporate governance quality: Trends and real effects
    Journal of Financial Intermediation, 2008, 17, (2), 198-228 View citations (38)
    See also Working Paper (2006)
53. Determinants of deposit-insurance adoption and design
    Journal of Financial Intermediation, 2008, 17, (3), 407-438 View citations (89)
    See also Working Paper (2007)
54. Finance, Firm Size, and Growth
    Journal of Money, Credit and Banking, 2008, 40, (7), 1379-1405 View citations (296)
    Also in Journal of Money, Credit and Banking, 2008, 40, (7), 1379-1405 (2008) View citations (55)
    See also Working Paper (2008)
55. International profit shifting within multinationals: A multi-country perspective
    Journal of Public Economics, 2008, 92, (5-6), 1164-1182 View citations (331)
    See also Working Paper (2006)
56. Political connections and preferential access to finance: The role of campaign contributions
    Journal of Financial Economics, 2008, 88, (3), 554-580 View citations (535)
    See also Working Paper (2007)
57. Special issue: Banking and bank regulation: Challenges for the future
    Journal of Financial Intermediation, 2008, 17, (4), 509-510 View citations (1)

2007

58. Banking crises, financial dependence, and growth
    Journal of Financial Economics, 2007, 84, (1), 187-228 View citations (401)
    See also Working Paper (2006)
59. Governance and bank valuation
    Journal of Financial Intermediation, 2007, 16, (4), 584-617 View citations (230)
    See also Working Paper (2004)
60. International portfolio diversification benefits: Cross-country evidence from a local perspective
    Journal of Banking & Finance, 2007, 31, (6), 1693-1712 View citations (97)
61. Is there a diversification discount in financial conglomerates?
    Journal of Financial Economics, 2007, 85, (2), 331-367 View citations (462)
    See also Working Paper (2005)
62. The Quality of the Legal System, Firm Ownership, and Firm Size
    The Review of Economics and Statistics, 2007, 89, (4), 601-614 View citations (108)
    See also Working Paper (2004)

2006

63. Corporate governance provisions and firm ownership: Firm-level evidence from Eastern Europe
    Journal of International Money and Finance, 2006, 25, (3), 429-444 View citations (12)
64. Entry regulation as a barrier to entrepreneurship
    Journal of Financial Economics, 2006, 82, (3), 591-629 View citations (690)
    See also Working Paper (2004)
65. Institution building and growth in transition economies
    Journal of Economic Growth, 2006, 11, (2), 157-186 View citations (90)
    See also Working Paper (2006)
66. The determinants of financing obstacles
    Journal of International Money and Finance, 2006, 25, (6), 932-952 View citations (364)
    See also Working Paper (2006)

2005

67. Does judicial efficiency lower the cost of credit?
    Journal of Banking & Finance, 2005, 29, (7), 1791-1812 View citations (91)
    See also Working Paper (2003)
68. Financial Dependence, Banking Sector Competition, and Economic Growth
    Journal of the European Economic Association, 2005, 3, (1), 179-207 View citations (180)
    See also Working Paper (2005)

2004

69. Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation
    Journal of Money, Credit and Banking, 2004, 36, (3), 593-622 View citations (267)
    Also in Proceedings, 2004, 593-626 (2004) View citations (241)
    See also Working Paper (2003)
70. The Political Economy of Deposit Insurance
    Journal of Financial Services Research, 2004, 26, (3), 201-224 View citations (49)
    See also Working Paper (2004)
71. What Drives Bank Competition? Some International Evidence
    Journal of Money, Credit and Banking, 2004, 36, (3), 563-83 View citations (637)
    Also in Proceedings, 2004, 563-592 (2004) View citations (562)
    See also Working Paper (2003)

2003

72. Financial Development, Property Rights, and Growth
    Journal of Finance, 2003, 58, (6), 2401-2436 View citations (483)
    See also Working Paper (2002)
73. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
    Journal of Financial Services Research, 2003, 23, (3), 177-204 View citations (86)
    See also Working Paper (2002)
74. Loan loss provisioning and economic slowdowns: too much, too late?
    Journal of Financial Intermediation, 2003, 12, (2), 178-197 View citations (421)
    Also in Conference Series ; [Proceedings], 2002 (2002) View citations (7)
    See also Working Paper (2001)

2002

75. Bank Risk and Deposit Insurance
    The World Bank Economic Review, 2002, 16, (1), 109-137 View citations (63)
76. Does Financial Liberalization Reduce Financing Constraints?
    Financial Management, 2002, 31, (4) View citations (33)
77. Financial constraints on investments and credit policy in Korea
    Journal of Asian Economics, 2002, 13, (2), 251-269 View citations (17)
78. How good is the market at assessing bank fragility? A horse race between different indicators
    Journal of Banking & Finance, 2002, 26, (5), 1011-1028 View citations (111)
79. International evidence on the value of deposit insurance
    The Quarterly Review of Economics and Finance, 2002, 42, (4), 721-732 View citations (20)

2001

80. Insider Lending and Bank Ownership: The Case of Russia
    Journal of Comparative Economics, 2001, 29, (2), 207-229 View citations (82)
81. La capacità del mercato di individuare i rischi di fragilità bancaria: un confronto tra differenti indicatori
    Banca Impresa Società, 2001, (2), 255-282

Books

2016

1. The SSM at 1
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

2015

2. Systemic Risk, Crises, and Macroprudential Regulation, vol 1
   MIT Press Books, The MIT Press View citations (161)

2006

3. A Reader in International Corporate Finance, Volume One
   World Bank Publications - Books, The World Bank Group
4. A Reader in International Corporate Finance, Volume Two
   World Bank Publications - Books, The World Bank Group

2002

5. Managing the Real and Fiscal Effects of Banking Crises
   World Bank Publications - Books, The World Bank Group View citations (7)

Edited books

2012

1. Systemic Financial Crises
   Cambridge Books, Cambridge University Press View citations (19)

2008

2. Deposit Insurance around the World: Issues of Design and Implementation, vol 1
   MIT Press Books, The MIT Press View citations (63)

2005

3. Systemic Financial Crises
   Cambridge Books, Cambridge University Press View citations (243)

Chapters

2017

1. The Regulatory Response to the Sovereign-Bank Nexus
   Chapter 5 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 55-61 View citations (1)
   See also Journal Article in Global Finance Journal (2019)

2016

2. Short-term Interest Rates and Bank Lending Terms: Evidence from a Survey of U.S. Loans
   Chapter 07 in Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 2016, vol. 24, pp 234-256
3. The use and effectiveness of macroprudential policies
   A chapter in Macroprudential policy, 2016, vol. 86, pp 95-102 View citations (54)

2015

4. Banking in a Re-regulated World
   Chapter 16 in The New International Financial System Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 355-369

2013

5. Financial Innovation and Shadow Banking
   Chapter 12 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 229-235

2011

6. CYCLE-PROOF MARKET DISCIPLINE AND MACROPRUDENTIAL REGULATION
   Chapter 18 in Macroprudential Regulatory Policies The New Road to Financial Stability?, 2011, pp 293-312

2007

7. Discussion of Landscape of International Banking and Financial Crises
   Chapter 8 in International Financial Instability Global Banking and National Regulation, 2007, pp 97-105

2001

8. 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 (2001)