Details about Clas Wihlborg

This author is deceased (2021-03-13).

Access statistics for papers by Clas Wihlborg.

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Short-id: pwi275

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Working Papers

2022

1. A new dimension of bank complexity: rescue agreements and default contamination
   Carlo Alberto Notebooks, Collegio Carlo Alberto

2015

2. Escalating crisis in the eurozone: The case for conditional debt relief for Greece (Statement No. 40)
   SAFE Policy Letters, Leibniz Institute for Financial Research SAFE

2014

3. Financial synergies and the Organization of Bank Affiliates; A Theoretical Perspective on Risk and Efficiency
   Carlo Alberto Notebooks, Collegio Carlo Alberto

2013

4. The Organization of Bank Affiliates; A Theoretical Perspective on Risk and Efficiency
   ICER Working Papers, ICER - International Centre for Economic Research View citations (1)

2010

5. How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations
   Working Paper Series, Research Institute of Industrial Economics
   See also Chapter How to Avoid Compensating the CEO for Luck: The Case of Macroeconomic Fluctuations, Chapters, Edward Elgar Publishing (2012) View citations (1) (2012)
6. The CFO’s Information Challenge in Managing Macroeconomic Risk
   Working Paper Series, Research Institute of Industrial Economics

2009

7. Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford
   Working Paper Series, Research Institute of Industrial Economics
8. Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises
   Working Paper Series, Research Institute of Industrial Economics View citations (9)
   See also Journal Article Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises, Asian Economic Papers, MIT Press (2009) View citations (9) (2009)

2008

9. Executive Compensation and Macroeconomic Fluctuations
   Working Paper Series, Research Institute of Industrial Economics View citations (2)
   Also in Working Papers in Economics, University of Gothenburg, Department of Economics (2008) View citations (1)

2007

10. Deposit Insurance Coverage, Credibility of Non-insurance, and Banking Crises
    Working Papers, Copenhagen Business School, Department of Finance View citations (2)
11. Poland. The EMU entry strategy vs. the monetary issues
    MPRA Paper, University Library of Munich, Germany View citations (4)
12. Prompt Corrective Action & Cross-Border Supervisory Issues in Europe
    FMG Special Papers, Financial Markets Group

2005

13. The Efficiency of the Bankruptcy Process. An International Comparison
    Ratio Working Papers, The Ratio Institute View citations (2)

2002

14. Insolvency and Debt Recovery Procedures in Economic Development: An Overview of African Law
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (3)
15. Recognizing Macroeconomic Fluctuations in Value Based Management
    Working Paper Series, Research Institute of Industrial Economics View citations (2)
    See also Journal Article RECOGNIZING MACROECONOMIC FLUCTUATIONS IN VALUE BASED MANAGEMENT, Journal of Applied Corporate Finance, Morgan Stanley (2003) View citations (4) (2003)

2001

16. Infrastructure Requirements in the Area of Bankruptcy Law
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (11)
17. The Impact of Bankruptcy Rules on Risky Project Choice and Skill Formation under Credit Rationing
    Working Papers, Copenhagen Business School, Department of Finance View citations (1)

2000

18. The Dynamics of Capital Structure
    SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics View citations (35)

1999

19. Corporate Insolvency Procedures and Bank Behavior: A Study of Selected Asian Economies
    IMF Working Papers, International Monetary Fund View citations (15)

1994

20. The Necessary Institutional Framework to Transform Formerly Planned Economies - with special emphasis on the institutions needed to stimulate foreign investment in the formerly planned economies
    Working Paper Series, Research Institute of Industrial Economics View citations (4)

1992

21. A Note: On Business Myopia and Market Organization
    Working Paper Series, Research Institute of Industrial Economics View citations (1)
22. The Scandinavian Models for Development and Welfare
    Working Paper Series, Research Institute of Industrial Economics

1991

23. Accounting for Macroeconomic Influences on the Firm
    Working Paper Series, Research Institute of Industrial Economics View citations (1)

1990

24. Real exchange rate effects of monetary disturbances under different degrees of exchange rate flexibility: an empirical analysis
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
    See also Journal Article Real exchange rate effects of monetary disturbances under different degrees of exchange rate flexibility: An empirical analysis, Journal of International Economics, Elsevier (1995) View citations (7) (1995)

1989

25. International Stock Markets and Fluctuations in Exchange Rates and Other Macroeconomic Variables
    Working Paper Series, Research Institute of Industrial Economics View citations (3)
26. The Incentive to Acquire Information and Financial Market Efficiency
    Working Paper Series, Research Institute of Industrial Economics
    See also Journal Article The incentive to acquire information and financial market efficiency, Journal of Economic Behavior & Organization, Elsevier (1990) View citations (2) (1990)

1987

27. Hedging and Managing Exchange Rate and Related Macroeconomic Exposure
    Working Paper Series, Research Institute of Industrial Economics
28. Pricing Strategies and the Firm’s Exposure to Exchange Rate and Macroeconomic Shocks
    Working Paper Series, Research Institute of Industrial Economics
29. Real exchange rate effects of monetary shocks under fixed and flexible exchange rates: theory and cross-country evidence
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
30. Speculation, Bubbles, and Sunspots under Structural Uncertainty
    Working Paper Series, Research Institute of Industrial Economics View citations (1)

1986

31. Exchange Rate and Related Economic Exposures: A Theory for Management Strategy and Information Needs
    Working Paper Series, Research Institute of Industrial Economics
32. Inventories, information purchase, and equilibrium adjustment to aggregate disturbances
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
33. The role of information acquisition and financial markets in international macroeconomic adjustment
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (4)
    See also Journal Article The role of information acquisition and financial markets in international macroeconomic adjustment, Journal of International Money and Finance, Elsevier (1986) View citations (5) (1986)

Journal Articles

2023

1. Why are BHCs organized as parent-subsidiaries? How do they grow in value?
   Journal of Financial Stability, 2023, 67, (C) View citations (2)

2018

2. Financial synergies and systemic risk in the organization of bank affiliates
   Journal of Banking & Finance, 2018, 88, (C), 208-224 View citations (7)
3. Systemic risk and the organization of the financial system: overview
   Journal of Financial Economic Policy, 2018, 10, (2), 202-212 View citations (1)

2017

4. Too big to fail: Measures, remedies, and consequences for efficiency and stability
   Financial Markets, Institutions & Instruments, 2017, 26, (4), 175-245 View citations (1)

2016

5. Macroeconomic Fluctuations as Sources of Luck in CEO Compensation
   Journal of Business Ethics, 2016, 136, (2), 371-384 View citations (9)
6. Too Big to Fail and Too Big to Save: Dilemmas for Banking Reform
   National Institute Economic Review, 2016, 235, R27-R39 View citations (3)
   Also in National Institute Economic Review, 2016, 235, (1), R27-R39 (2016) View citations (10)

2015

7. Regulatory response to the financial crisis in Europe: recent developments (2010-2013)
   Journal of Financial Economic Policy, 2015, 7, (1), 29-50 View citations (1)
   See also Chapter Regulatory Response to the Financial Crisis in Europe: Recent Developments (2010–2013), World Scientific Book Chapters, 2015, 167-218 (2015) View citations (1) (2015)

2014

8. Implicit guarantees, business models and banks’ risk-taking through the crisis: Global and European perspectives
   Journal of Economics and Business, 2014, 76, (C), 10-38 View citations (3)

2011

9. International comparisons of bank regulation, liberalization, and banking crises
   Journal of Financial Economic Policy, 2011, 3, (4), 322-339 View citations (1)

2010

10. CAPM in Up and Down Markets
    Journal of Emerging Market Finance, 2010, 9, (2), 229-255 View citations (3)
11. Deposit insurance coverage, ownership, and banks' risk-taking in emerging markets
    Journal of International Money and Finance, 2010, 29, (2), 252-274 View citations (72)
12. Endogenous OCA Analysis and the Early Euro Experience
    The World Economy, 2010, 33, (7), 851-872 View citations (21)
13. Financial Liberalization and Banking Crises: A Cross‐Country Analysis*
    International Review of Finance, 2010, 10, (2), 263-292 View citations (19)
14. The Euro Crisis
    World Economics, 2010, 11, (4), 51-79 View citations (6)
15. The Impact of Monetary Regimes on International Trade
    Review of Market Integration, 2010, 2, (2-3), 255-290

2009

16. Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises
    Asian Economic Papers, 2009, 8, (3), 178-220 View citations (9)
    See also Working Paper Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises, Working Paper Series (2009) View citations (9) (2009)

2007

17. Evaluating the Nordea experiment: Evidence from market and accounting data
    Journal of Banking & Finance, 2007, 31, (4), 1265-1286 View citations (1)

2006

18. Outsourcing Central Banking: Lessons from Estonia
    Journal of Economic Policy Reform, 2006, 9, (2), 125-144 View citations (3)

2005

19. Basel II and the Need for Bank Distress Resolution Procedures
    Financial Markets, Institutions & Instruments, 2005, 14, (5), 359-369
20. Solving the bargaining democracy problem using a constitutional hierarchy for law
    Journal of Economic Behavior & Organization, 2005, 56, (4), 655-673 View citations (1)
21. The Financial Sector and Corporate Governance: the UK case
    Corporate Governance: An International Review, 2005, 13, (4), 532-541 View citations (17)

2003

22. On the macroeconomic effects of establishing tradability in weak property rights
    Journal of Evolutionary Economics, 2003, 13, (5), 607-632 View citations (5)
    See also Chapter On the macroeconomic effects of establishing tradability in weak property rights, Springer Books, 2005, 137-162 (2005) (2005)
23. RECOGNIZING MACROECONOMIC FLUCTUATIONS IN VALUE BASED MANAGEMENT
    Journal of Applied Corporate Finance, 2003, 15, (4), 104-110 View citations (4)
    See also Working Paper Recognizing Macroeconomic Fluctuations in Value Based Management, Working Paper Series (2002) View citations (2) (2002)

2002

24. The New Basel Capital Accord: Making it Effective with Stronger Market Discipline
    European Financial Management, 2002, 8, (1), 103-115 View citations (28)

1995

25. Measuring macroeconomic exposure: The case of Volvo Cars*
    European Financial Management, 1995, 1, (3), 241-263 View citations (17)
26. Real exchange rate effects of monetary disturbances under different degrees of exchange rate flexibility: An empirical analysis
    Journal of International Economics, 1995, 38, (3-4), 249-273 View citations (7)
    See also Working Paper Real exchange rate effects of monetary disturbances under different degrees of exchange rate flexibility: an empirical analysis, Working Papers in Applied Economic Theory (1990) (1990)

1994

27. EMU—Economic Substance or Political Symbolism?
    The World Economy, 1994, 17, (5), 651-661 View citations (2)

1991

28. Arbitrage, equilibrium and market efficiency: A parable
    Journal of Economic Behavior & Organization, 1991, 15, (2), 297-301
29. Equilibrium Adjustment with Endogenous Information and Inventories
    International Economic Review, 1991, 32, (4), 869-90 View citations (1)

1990

30. Real exchange rate effects of monetary shocks under fixed and flexible exchange rates
    Journal of International Economics, 1990, 28, (3-4), 267-290 View citations (9)
31. The incentive to acquire information and financial market efficiency
    Journal of Economic Behavior & Organization, 1990, 13, (3), 347-365 View citations (2)
    See also Working Paper The Incentive to Acquire Information and Financial Market Efficiency, Working Paper Series (1989) (1989)

1989

32. Floating exchange rates: Theories and evidence: Ronald MacDonald, (Unwin Hyman, 1988), pp.260, $45.00
    Journal of International Economics, 1989, 27, (1-2), 196-198

1988

33. International capital mobility and U.S. international and macroeconomic policy strategies
    Proceedings, 1988

1986

34. The role of information acquisition and financial markets in international macroeconomic adjustment
    Journal of International Money and Finance, 1986, 5, (3), 257-283 View citations (5)
    See also Working Paper The role of information acquisition and financial markets in international macroeconomic adjustment, Working Papers in Applied Economic Theory (1986) View citations (4) (1986)

1985

35. OPEC in world financial markets: Oil prices and interest rates
    Journal of International Money and Finance, 1985, 4, (2), 253-266 View citations (6)
36. Price Determination in a Competitive Industry with Costly Information and a Production Lag
    RAND Journal of Economics, 1985, 16, (1), 127-140 View citations (1)
37. Price and Output Adjustment, Inventory Flexibility, and Cost and Demand Disturbances
    Canadian Journal of Economics, 1985, 18, (3), 566-73 View citations (1)

1982

38. Interest Rates, Exchange Rate Adjustments and Currency Risks: An Empirical Study, 1967-75
    Journal of Money, Credit and Banking, 1982, 14, (1), 58-75

1981

39. Outer Space Resources in Efficient and Equitable Use: New Frontiers for Old Principles
    Journal of Law and Economics, 1981, 24, (1), 23-43 View citations (5)

1980

40. Economics of Exposure Management of Foreign Subsidiaries of Multinational Corporations
    Journal of International Business Studies, 1980, 11, (3), 9-18 View citations (1)

Books

2012

1. Developing Distress Resolution Procedures for Financial Institutions
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

2008

2. Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management
   OUP Catalogue, Oxford University Press View citations (11)

Edited books

2012

1. Research Handbook on International Banking and Governance
   Books, Edward Elgar Publishing View citations (39)

Chapters

2015

1. Regulatory Response to the Financial Crisis in Europe: Recent Developments (2010–2013)
   Chapter 7 in The First Great Financial Crisis of the 21st Century A Retrospective, 2015, pp 167-218 View citations (1)
   See also Journal Article Regulatory response to the financial crisis in Europe: recent developments (2010-2013), Emerald Group Publishing Limited (2015) View citations (1) (2015)
2. The Dodd-Frank Act: Key Features, Implementation Progress, and, Financial System Impact
   Chapter 13 in The First Great Financial Crisis of the 21st Century A Retrospective, 2015, pp 337-376

2012

3. How to Avoid Compensating the CEO for Luck: The Case of Macroeconomic Fluctuations
   Chapter 8 in Research Handbook on Executive Pay, 2012 View citations (1)
   See also Working Paper How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations, Research Institute of Industrial Economics (2010) (2010)
4. Market Discipline for Financial Institutions and Markets for Information
   Chapter 13 in Research Handbook on International Banking and Governance, 2012 View citations (2)

2006

5. Bank Insolvency Procedures as Foundation for Market Discipline
   Chapter 27 in Cross-Border Banking Regulatory Challenges, 2006, pp 423-444

2005

6. A Comprehensive Approach to the Measurement of Macroeconomic Exposure
   Springer
7. On the macroeconomic effects of establishing tradability in weak property rights
   Springer
   See also Journal Article On the macroeconomic effects of establishing tradability in weak property rights, Springer (2003) View citations (5) (2003)

1992

8. The Instability of Halfway Measures in the Transition to a Common Currency
   Palgrave Macmillan