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Stijn Claessens

Bank for International Settlements

Head of Financial Stability Policy

Centralbahnplatz 2

CH-4002 Basel

Switzerland

University of Amsterdam - Finance Group

Roetersstraat 18

Amsterdam, 1018 WB

Netherlands

http://www.fee.uva.nl/fm/index.htm

Centre for Economic Policy Research (CEPR)

Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

Tinbergen Institute

Burg. Oudlaan 50

Rotterdam, 3062 PA

Netherlands

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

  • Bank for International Settlements

  • University of Amsterdam - Finance Group

    • Email
    • Tel: +31 20 525 6020
    • Fax: +31 20 525 5285
View CV
SCHOLARLY PAPERS

118

DOWNLOADS
Rank 147

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Top 147

in Total Papers Downloads

58,866

CITATIONS
Rank 74

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Top 74

in Total Papers Citations

3,037

Scholarly Papers (118)

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1.

On Expropriation of Minority Shareholders: Evidence from East Asia

Number of pages: 51 Posted: 13 Feb 2000
Stijn Claessens, Joseph P. H. Fan, Simeon Djankov and Larry H.P. Lang
Bank for International Settlements, The Chinese University of Hong Kong (CUHK) - School of Accountancy, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 3,197 (1,949)
Citation 91

Abstract:

2.

Corporate Governance in Asia: A Survey

Downloads 3,185 ( 2,440)
Citation 73

Corporate Governance in Asia: A Survey

Number of pages: 43 Posted: 28 Apr 2003
Stijn Claessens and Joseph P. H. Fan
Bank for International Settlements and The Chinese University of Hong Kong (CUHK) - School of Accountancy
Downloads 3,159 (2,412)
Citation 73

Abstract:

Corporate Governance in Asia: A Survey

International Review of Finance, Vol. 3, pp. 71-103, June 2002
Number of pages: 7 Posted: 03 Oct 2003
Joseph P. H. Fan and Stijn Claessens
The Chinese University of Hong Kong (CUHK) - School of Accountancy and Bank for International Settlements
Downloads 26 (423,012)
Citation 73

Abstract:

3.

Corporate Governance and Regulation: Can There be too Much of a Good Thing?

Downloads 2,799 ( 3,087)
Citation 46

Corporate Governance and Regulation: Can There be too Much of a Good Thing?

ECGI - Finance Working Paper No. 142/2007, Journal of Financial Intermediation, Forthcoming, AFA 2008 New Orleans Meetings Paper
Number of pages: 44 Posted: 17 Jan 2007 Last Revised: 16 Dec 2009
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 2,101 (4,932)
Citation 46

Abstract:

Corporate governance, Country regulation, Company valuation, Cost of capital

Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?

World Bank Policy Research Working Paper No. 4140
Number of pages: 50 Posted: 20 Apr 2016
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 693 (28,506)
Citation 46

Abstract:

National Governance, Governance Indicators, Corporate Law, Microfinance, Small Scale Enterprise

Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?

CEPR Discussion Paper No. DP6108
Number of pages: 57 Posted: 16 May 2008
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Bank for International Settlements
Downloads 5 (540,471)
Citation 46

Abstract:

Company valuation, corporate governance practices, regulatory regimes

4.

The Separation of Ownership and Control in East Asian Corporations

Number of pages: 47 Posted: 23 May 2000
Stijn Claessens, Simeon Djankov and Larry H.P. Lang
Bank for International Settlements, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 2,732 (2,511)
Citation 626

Abstract:

5.

Corporate Governance in Emerging Markets: A Survey

Number of pages: 77 Posted: 20 Jan 2012 Last Revised: 22 Jan 2012
Stijn Claessens and B. Burcin Yurtoglu
Bank for International Settlements and WHU - Otto Beisheim School of Management
Downloads 1,960 (4,026)
Citation 67

Abstract:

Corporate Governance, Emerging Markets, Survey

6.

The Cross-Section of Stock Returns: Evidence from Emerging Markets

World Bank Policy Research Working Paper No. 1505
Number of pages: 28 Posted: 20 Apr 2016
Stijn Claessens, Susmita Dasgupta and Jack D. Glen
Bank for International Settlements, World Bank - Development Research Group (DECRG) and International Finance Corporation (IFC)
Downloads 1,829 (5,327)
Citation 27

Abstract:

7.

Expropriation of Minority Shareholders: Evidence from East Asia

World Bank Policy Research Working Paper No. 2088
Number of pages: 33 Posted: 20 Apr 2016
Joseph P. H. Fan, Stijn Claessens, Simeon Djankov and Larry H.P. Lang
The Chinese University of Hong Kong (CUHK) - School of Accountancy, Bank for International Settlements, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 1,312 (9,866)
Citation 93

Abstract:

8.

Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options

World Bank Technical Paper No. 368
Number of pages: 42 Posted: 23 Oct 1997
Gerhard Pohl, Robert E. Anderson, Stijn Claessens and Simeon Djankov
World Bank, affiliation not provided to SSRN, Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 1,292 (11,046)
Citation 52

Abstract:

9.

Corporate Governance and Development

Downloads 1,242 ( 12,141)
Citation 23

Corporate Governance and Development

Number of pages: 56 Posted: 05 Jan 2005
Stijn Claessens
Bank for International Settlements
Downloads 1,242 (11,882)
Citation 23

Abstract:

Corporate governance, development, finance

Corporate Governance and Development

World Bank Research Observer, Vol. 21, No. 1, pp. 91-122, 2006
Posted: 29 Feb 2008
Stijn Claessens
Bank for International Settlements

Abstract:

10.

How Does Foreign Entry Affect the Domestic Banking Market?

Downloads 1,183 ( 13,131)
Citation 249

How Does Foreign Entry Affect the Domestic Banking Market?

World Bank Policy Research Working Paper No. 1918
Number of pages: 30 Posted: 20 Apr 2016
Asli Demirgüç-Kunt, Harry Huizinga and Stijn Claessens
World Bank - Development Research Group, Tilburg University - Center for Economic Research (CentER) and Bank for International Settlements
Downloads 1,181 (12,905)
Citation 249

Abstract:

How Does Foreign Entry Affect the Domestic Banking Market?

World Bank Policy Research Working Paper No. 1918
Number of pages: 20 Posted: 10 Jan 2017
Stijn Claessens, Asli Demirgüç-Kunt and Harry Huizinga
Bank for International Settlements, World Bank - Development Research Group and Tilburg University - Center for Economic Research (CentER)
Downloads 2 (558,393)
Citation 212

Abstract:

Access to Finance, Legal Products, Youth and Governance, Public Finance Decentralization and Poverty Reduction, Social Policy, Legislation, Non Governmental Organizations, Public Sector Management and Reform, Economics and Institutions, Judicial System Reform, Legal Reform, Regulatory Regimes, Debt Markets, National Governance, Public Sector Economics, Government Policies, External Debt

11.

Foreign Bank Presence in Developing Countries 1995-2006: Data and Trends

Number of pages: 51 Posted: 19 Mar 2008
Stijn Claessens, Neeltje van Horen, Tugba Gurcanlar and Joaquin Mercado Sapiain
Bank for International Settlements, De Nederlandsche Bank, World Bank and World Bank
Downloads 1,125 (11,877)
Citation 14

Abstract:

foreign direct investment, international banking, cross-border banking

12.

Stock Markets in Transition Economies

Financial Sector Discussion Paper No. 5
Number of pages: 32 Posted: 01 Sep 2000
Stijn Claessens, Simeon Djankov and Daniela Klingebiel
Bank for International Settlements, London School of Economics & Political Science (LSE) and World Bank - Policy Unit
Downloads 1,112 (13,234)
Citation 38

Abstract:

13.

Resolution of Corporate Distress: Evidence from East Asia's Financial Crisis

World Bank Policy Research Working Paper No. 2133
Number of pages: 33 Posted: 21 Sep 1999
Stijn Claessens, Simeon Djankov and Leora F. Klapper
Bank for International Settlements, London School of Economics & Political Science (LSE) and World Bank
Downloads 1,100 (14,056)
Citation 12

Abstract:

14.

Lessons and Policy Implications from the Global Financial Crisis

IMF Working Paper No. 10/44
Number of pages: 41 Posted: 02 Mar 2010
Luc Laeven, Deniz Igan, Stijn Claessens and Giovanni Dell'Ariccia
European Central Bank (ECB), International Monetary Fund (IMF) - Financial Studies Division, Bank for International Settlements and International Monetary Fund (IMF) - Research Department
Downloads 1,043 (14,771)
Citation 18

Abstract:

Asset prices, Bank regulations, Bank supervision, Central bank role, Financial crisis, Financial sector, Fiscal policy, Fiscal reforms, Global Financial Crisis 2008-2009, International financial system, Intervention, Liquidity management, Price increases, Stabilization measures

15.

What Drives Bank Competition? Some International Evidence

World Bank Policy Research Working Paper No. 3113
Number of pages: 34 Posted: 29 Feb 2004
Luc Laeven and Stijn Claessens
European Central Bank (ECB) and Bank for International Settlements
Downloads 1,038 (12,652)
Citation 145

Abstract:

Banking, competition, contestability, Panzar and Rosse

16.

Political Connections and Preferential Access to Finance: The Role of Campaign Contributions

Downloads 963 ( 17,966)
Citation 52

Political Connections and Preferential Access to Finance: The Role of Campaign Contributions

Journal of Financial Economics, Vol. 88, No. 3, AFA 2008 New Orleans Meetings Paper, ECGI - Finance Working Paper No. 166/2007
Number of pages: 61 Posted: 21 Mar 2007
Stijn Claessens, Erik Feyen and Luc Laeven
Bank for International Settlements, World Bank - Finance & Markets Global Practice and European Central Bank (ECB)
Downloads 963 (17,631)
Citation 52

Abstract:

Campaign Contributions, Elections, Corruption, Preferential Lending

Political Connections and Preferential Access to Finance: The Role of Campaign Contributions

ECGI - Finance Working Paper No. 143/2007, Journal of Financial Economics, Forthcoming
Number of pages: 61 Posted: 08 Dec 2006
Stijn Claessens, Erik Feyen and Luc Laeven
Bank for International Settlements, World Bank - Finance & Markets Global Practice and European Central Bank (ECB)
Downloads 0 (94,152)
Citation 52

Abstract:

Campaign Contributions, Elections, Rent-seeking, Preferential Lending

17.

Diversification and Efficiency of Investment of East Asian Corporations

Number of pages: 31 Posted: 26 Feb 1999
Stijn Claessens, Joseph P. H. Fan, Simeon Djankov and Larry H.P. Lang
Bank for International Settlements, The Chinese University of Hong Kong (CUHK) - School of Accountancy, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 952 (17,196)
Citation 15

Abstract:

18.

Basel II, Sovereign Ratings and Transfer Risk External versus Internal Ratings

Number of pages: 33 Posted: 07 May 2003
Stijn Claessens and Geert C.M.W. Embrechts
Bank for International Settlements and Rabobank International - Structured Trade and Commodity Finance
Downloads 949 (17,088)
Citation 5

Abstract:

19.

Ownership and Corporate Governance: Evidence from the Czech Republic

World Bank Policy Research Working Paper No. 1737
Number of pages: 22 Posted: 08 Aug 1997
Stijn Claessens, Simeon Djankov and Gerhard Pohl
Bank for International Settlements, London School of Economics & Political Science (LSE) and World Bank
Downloads 916 (18,947)
Citation 44

Abstract:

20.

Enforcement and Corporate Governance

World Bank Policy Research Working Paper No. 3409
Number of pages: 49 Posted: 20 Apr 2016
Erik Berglöf and Stijn Claessens
Institute of Global Affairs, London School of Economics and Political Science and Bank for International Settlements
Downloads 895 (18,232)
Citation 27

Abstract:

21.

Location Decisions of Foreign Banks and Institutional Competitive Advantage

Downloads 842 ( 21,918)
Citation 21

Location Decisions of Foreign Banks and Institutional Competitive Advantage

Number of pages: 33 Posted: 17 Mar 2008 Last Revised: 10 Oct 2011
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 470 (47,656)
Citation 21

Abstract:

foreign direct investment, international banking, institutions

Location Decisions of Foreign Banks and Competitive Advantage

World Bank Policy Research Working Paper No. 4113
Number of pages: 21 Posted: 20 Apr 2016
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 372 (63,454)
Citation 21

Abstract:

Banks & Banking Reform, Foreign Direct Investment, Country Strategy & Performance, Corporate Law, Economic Theory & Research

22.

The Benefits and Costs of Group Affiliation: Evidence from East Asia

Downloads 828 ( 22,477)
Citation 40

The Benefits and Costs of Group Affiliation: Evidence from East Asia

Number of pages: 46 Posted: 16 Apr 2002
Stijn Claessens, Joseph P. H. Fan and Larry H.P. Lang
Bank for International Settlements, The Chinese University of Hong Kong (CUHK) - School of Accountancy and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 801 (23,201)
Citation 40

Abstract:

Business Groups, Agency Problem, Internal Financial Markets, East Asia

The Benefits and Costs of Group Affiliation: Evidence from East Asia

CEPR Discussion Paper No. 3364
Number of pages: 49 Posted: 14 Jun 2002
Stijn Claessens, Joseph P. H. Fan and Larry H.P. Lang
Bank for International Settlements, The Chinese University of Hong Kong (CUHK) - School of Accountancy and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 27 (417,802)
Citation 40

Abstract:

Groups, agency costs, emerging markets

23.

Current Challenges in Financial Regulation

World Bank Policy Research Working Paper No. 4103
Number of pages: 48 Posted: 20 Apr 2016
Stijn Claessens
Bank for International Settlements
Downloads 814 (20,884)
Citation 1

Abstract:

Banks & Banking Reform, Financial Intermediation, Non Bank Financial Institutions, Economic Theory & Research, ICT Policy and Strategies

24.

Bankruptcy Around the World: Explanations of its Relative Use

World Bank Policy Research Working Paper No. 2865
Number of pages: 44 Posted: 24 Jun 2003
Stijn Claessens and Leora F. Klapper
Bank for International Settlements and World Bank
Downloads 769 (23,766)
Citation 60

Abstract:

25.

Foreign Banks: Trends, Impact and Financial Stability

Downloads 766 ( 25,184)
Citation 12

Foreign Banks: Trends, Impact and Financial Stability

De Nederlandsche Bank Working Paper No. 330
Number of pages: 49 Posted: 28 Dec 2011 Last Revised: 04 Jan 2012
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 399 (58,390)
Citation 12

Abstract:

foreign banks, foreign direct investment, cross-border banking, bilateral investment, financial globalization, financial sector development, financial stability, spillovers, financial crisis

Foreign Banks: Trends, Impact and Financial Stability

IMF Working Paper No. 12/10
Number of pages: 42 Posted: 18 Jan 2010
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and affiliation not provided to SSRN
Downloads 247 (100,812)
Citation 12

Abstract:

Foreign Banks, Foreign Direct Investment, Cross-border Banking, Bilateral Investment, Financial Globalization, Financial Sector Development, Financial Stability, Spillovers, Financial Crisis, Banking Systems, Foreign Investment, International Banking

Foreign Banks: Trends, Impact and Financial Stability

IMF Working Paper No. NO.12/10
Number of pages: 40 Posted: 02 Feb 2012
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and affiliation not provided to SSRN
Downloads 120 (193,849)
Citation 12

Abstract:

Foreign Banks, Foreign Direct Investment, Cross-border Banking, Bilateral Investment, Financial Globalization, Financial Sector Development, Financial Stability, Spillovers, Financial Crisis, Banking Systems, Foreign Investment, International Banking

26.

Corporate Diversification in East Asia: The Role of Ultimate Ownership and Group Affiliation

World Bank Policy Research Working Paper No. 2089
Number of pages: 32 Posted: 20 Apr 2016
Joseph P. H. Fan, Stijn Claessens, Simeon Djankov and Larry H.P. Lang
The Chinese University of Hong Kong (CUHK) - School of Accountancy, Bank for International Settlements, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 726 (24,773)
Citation 9

Abstract:

27.

Financial Restructuring In East Asia: Halfway There?

Financial Sector Discussion Paper No. 3.
Number of pages: 37 Posted: 13 Sep 2001
Stijn Claessens, Simeon Djankov and Daniela Klingebiel
Bank for International Settlements, London School of Economics & Political Science (LSE) and World Bank - Policy Unit
Downloads 702 (26,787)
Citation 19

Abstract:

Banking Crises, restructuring, emerging markets, public policy, regulation.

28.

Thailand's Corporate Financing and Governance Structures

World Bank Policy Research Working Paper No. 2003
Number of pages: 26 Posted: 20 Apr 2016
Pedro Alba, Stijn Claessens and Simeon Djankov
World Bank, Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 696 (25,541)
Citation 7

Abstract:

29.

The Internationalization of Financial Services in Asia

World Bank Policy Research Working Paper No. 1911
Number of pages: 60 Posted: 20 Apr 2016
Stijn Claessens and Thomas Glaessner
Bank for International Settlements and World Bank
Downloads 681 (28,272)
Citation 41

Abstract:

30.

Law, Property Rights and Growth

3rd Annual Fin. Mkt. Dev. Conference, Hong Kong 2001
Number of pages: 34 Posted: 05 Jun 2001
Stijn Claessens and Luc Laeven
Bank for International Settlements and European Central Bank (ECB)
Downloads 680 (28,345)
Citation 139

Abstract:

31.

Financial Dependence, Banking Sector Competition, and Economic Growth

World Bank Policy Research Working Paper No. 3481
Number of pages: 49 Posted: 01 Feb 2005
Stijn Claessens and Luc Laeven
Bank for International Settlements and European Central Bank (ECB)
Downloads 673 (28,345)
Citation 33

Abstract:

Banking, competition, contestability, economic growth

32.

The Political Economy of Distress in East Asian Financial Institutions

Downloads 630 ( 32,975)
Citation 26

The Political Economy of Distress in East Asian Financial Institutions

World Bank Policy Research Paper No. 2265
Number of pages: 22 Posted: 05 May 2000
Paola Bongini, Stijn Claessens and Giovanni Ferri
Università di Milano-Bicocca, Bank for International Settlements and LUMSA University
Downloads 630 (32,475)
Citation 26

Abstract:

financial sector fragility, early warning systems, East-Asia financial crisis

The Political Economy of Distress in East Asian Financial Institutions

Journal of Financial Services Research, Vol. 19, February 2001
Posted: 02 Oct 2001
Stijn Claessens, Paola Bongini and Giovanni Ferri
Bank for International Settlements, Università di Milano-Bicocca and LUMSA University

Abstract:

Financial Sector Fragility, Early Warning Systems, East Asian Financial Crisis

33.

Who Controls East Asian Corporations?

World Bank Policy Research Working Paper No. 2054
Number of pages: 40 Posted: 20 Apr 2016
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 618 (31,943)
Citation 31

Abstract:

34.

What Happens During Recessions, Crunches, and Busts?

Downloads 614 ( 34,157)
Citation 45

What Happens During Recessions, Crunches, and Busts?

IMF Working Paper No. 08/274
Number of pages: 77 Posted: 18 Dec 2008
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 453 (49,925)
Citation 45

Abstract:

Economic recession, Business cycles, Financial crisis, Credit, Housing prices, Stock prices, Oil prices, Databases, Economic models

What Happens during Recessions, Crunches and Busts?

Number of pages: 68 Posted: 22 Dec 2008
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 154 (158,107)
Citation 45

Abstract:

Business cycles, recessions, credit crunches, house prices, equity prices, busts

What Happens during Recessions, Crunches and Busts?

CEPR Discussion Paper No. DP7085
Number of pages: 78 Posted: 17 Feb 2009
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 6 (535,456)
Citation 45

Abstract:

business cycles, busts, credit crunches, equity prices, house prices, recessions

What Happens During Recessions, Crunches and Busts?

Economic Policy, Vol. 24, Issue 60, pp. 653-700, October 2009
Number of pages: 48 Posted: 08 Oct 2009
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 1 (568,796)
Citation 45

Abstract:

35.

Corporate Growth, Financing, and Risks in the Decade before East Asia's Financial Crisis

World Bank Policy Research Working Paper No. 2017
Number of pages: 23 Posted: 20 Apr 2016
Stijn Claessens, Simeon Djankov and Larry H.P. Lang
Bank for International Settlements, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 609 (31,943)
Citation 6

Abstract:

36.

Corporate Risk around the World

World Bank Policy Research Working Paper No. 2271
Number of pages: 52 Posted: 20 Apr 2016
Tatiana Nenova, Stijn Claessens and Simeon Djankov
World Bank, South Asia, Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 543 (36,075)
Citation 29

Abstract:

37.

Electronic Finance: Reshaping the Financial Landscape Around the World

Downloads 522 ( 42,184)
Citation 16

Electronic Finance: Reshaping the Financial Landscape Around the World

Number of pages: 36 Posted: 09 Jun 2001
Stijn Claessens, Thomas Glaessner and Daniela Klingebiel
Bank for International Settlements, World Bank and World Bank - Policy Unit
Downloads 522 (41,654)
Citation 16

Abstract:

Financial services, emerging markets, electronic finance, public policy, regulation

Electronic Finance: Reshaping the Financial Landscape Around the World

Journal of Financial Services Research, Vol. 22, No. 1 & 2, August/October 2002
Posted: 08 Mar 2003
Stijn Claessens, Thomas Glaessner and Daniela Klingebiel
Bank for International Settlements, World Bank and World Bank - Policy Unit

Abstract:

E-finance, financial sector development, developing countries, financial sector regulation

38.

Access to Financial Services: A Review of the Issues and Public Policy Objectives

World Bank Policy Research Working Paper No. 3589
Number of pages: 38 Posted: 20 Jun 2005
Stijn Claessens
Bank for International Settlements
Downloads 489 (29,998)
Citation 26

Abstract:

39.

E-Finance in Emerging Markets: Is Leapfrogging Possible?

Downloads 484 ( 46,465)
Citation 13

E-Finance in Emerging Markets: Is Leapfrogging Possible?

Number of pages: 88 Posted: 05 Sep 2001
Stijn Claessens, Thomas Glaessner and Daniela Klingebiel
Bank for International Settlements, World Bank and World Bank - Policy Unit
Downloads 467 (48,021)
Citation 13

Abstract:

Financial services, emerging markets, electronic finance, public policy, regulation

E-Finance in Emerging Markets: Is Leapfrogging Possible?

Financial Markets, Institutions & Instruments, Vol. 11, pp. 1-125, 2002
Number of pages: 125 Posted: 14 Nov 2002
Stijn Claessens, Thomas Glaessner and Daniela Klingebiel
Bank for International Settlements, World Bank and World Bank - Policy Unit
Downloads 17 (474,165)
Citation 13

Abstract:

40.

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Center

Number of pages: 38 Posted: 22 Dec 2004
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements, World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 459 (47,825)
Citation 29

Abstract:

stock market development, internationalization of financial markets, trading migration, emerging economies

41.

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

Downloads 426 ( 54,405)
Citation 16

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

World Bank Policy Research Working Paper No. 4146, IMF Working Paper No. 07/138
Number of pages: 49 Posted: 20 Apr 2016
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements and World Bank - Development Research Group (DECRG)
Downloads 277 (89,118)
Citation 16

Abstract:

Investment and Investment Climate, Economic Theory & Research, Markets and Market Access, Microfinance, Small Scale Enterprise

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

IMF Working Paper No. 07/138
Number of pages: 48 Posted: 23 Aug 2007
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements and World Bank - Development Research Group (DECRG)
Downloads 146 (165,620)
Citation 16

Abstract:

Working Paper, Financial integration, International capital markets, Globalization, Capital accumulation, Stock markets

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

CEPR Discussion Paper No. DP6137
Number of pages: 52 Posted: 19 May 2008
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements and World Bank - Development Research Group (DECRG)
Downloads 3 (550,840)
Citation 16

Abstract:

Access to capital markets, globalization of financial markets, international financial integration, internationalization

42.

Finance and Inequality: Channels and Evidence

Number of pages: 41 Posted: 10 Jul 2007
Stijn Claessens and Enrico C. Perotti
Bank for International Settlements and University of Amsterdam - Finance Group
Downloads 407 (46,225)
Citation 23

Abstract:

financial development, entry, inequality, politics, access to financial services

43.

Resolving Systemic Financial Crises: Policies and Institutions

World Bank Policy Research Working Paper No. 3377
Number of pages: 38 Posted: 20 Apr 2016
Stijn Claessens, Daniela Klingebiel and Luc Laeven
Bank for International Settlements, World Bank - Policy Unit and European Central Bank (ECB)
Downloads 392 (53,489)
Citation 13

Abstract:

44.

Financial Sector Development and the Millennium Development Goals

World Bank Working Paper No. 89
Number of pages: 16 Posted: 22 Feb 2007
Stijn Claessens and Erik Feyen
Bank for International Settlements and World Bank - Finance & Markets Global Practice
Downloads 376 (58,416)
Citation 4

Abstract:

Millennium Development Goals, Financial Sector Development, Poverty, Growth: Access to Finance

45.

Corporate Governance and Equity Prices: Evidence from the Czech and Slovak Republics

World Bank Policy Research Working Paper No. 1427
Number of pages: 34 Posted: 20 Apr 2016
Stijn Claessens
Bank for International Settlements
Downloads 364 (60,222)
Citation 33

Abstract:

46.

Competitive Implications of Cross-Border Banking

World Bank Policy Research Working Paper No. 3854
Number of pages: 25 Posted: 20 Apr 2016
Stijn Claessens
Bank for International Settlements
Downloads 363 (56,990)
Citation 9

Abstract:

Banks & Banking Reform, Economic Theory & Research, Financial Intermediation, Knowledge Economy, Education for the Knowledge Economy

47.

Managers, Incentives and Corporate Performance: Evidence from the Czech Republic

Number of pages: 24 Posted: 14 Nov 1997
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 357 (63,310)
Citation 6

Abstract:

48.

Foreign Direct Investment, Other Capital Flows and Current Account Deficits: What Causes What?

World Bank Policy Research Working Paper No. 1527
Number of pages: 56 Posted: 06 Jan 2005
Maxwell J. Fry, Stijn Claessens, Peter Burridge and Marie-Christine Blanchet
University of Birmingham, Bank for International Settlements, City University London - Department of Economics and affiliation not provided to SSRN
Downloads 344 (69,264)
Citation 5

Abstract:

49.

Understanding Financial Crises: Causes, Consequences, and Policy Responses

Downloads 326 ( 74,956)

Understanding Financial Crises: Causes, Consequences, and Policy Responses

CAMA Working Paper 05/2013
Number of pages: 23 Posted: 19 Jul 2013
Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia
Bank for International Settlements, Development Prospects Group at the World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 307 (79,598)

Abstract:

Global financial crisis, sudden stops, debt crises, banking crises, currency crises, defaults, restructuring, welfare cost, asset price busts, credit busts, prediction of crises

Understanding Financial Crises: Causes, Consequences, and Policy Responses

CEPR Discussion Paper No. DP9310
Number of pages: 24 Posted: 01 Feb 2013
Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia
Bank for International Settlements, Development Prospects Group at the World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 19 (462,616)

Abstract:

asset price busts, banking crises, credit busts, currency crises, debt crises, defaults, global financial crisis, prediction of crises, restructuring, sudden stops, welfare cost

50.

Volatility and Contagion in a Financially Integrated World: Lessons from East Asia's Recent Experience

World Bank Policy Research Working Paper No. 2008
Number of pages: 63 Posted: 20 Apr 2016
Pedro Alba, Amar Bhattacharya, Stijn Claessens, Swati Ghosh and Leonardo Hernandez
World Bank, World Bank, Bank for International Settlements, World Bank and Central Bank of Chile
Downloads 300 (77,049)
Citation 13

Abstract:

51.

Alternative Frameworks for Providing Financial Services Economic Analysis and Country Experiences

World Bank Policy Research Working Paper No. 2189
Number of pages: 53 Posted: 13 Sep 2001
Stijn Claessens and Daniela Klingebiel
Bank for International Settlements and World Bank - Policy Unit
Downloads 296 (81,268)
Citation 6

Abstract:

Financial services, public policy, competition, safety net

52.

Banks and Labor as Stakeholders: Impact on Economic Performance

Downloads 285 ( 86,838)
Citation 4

Banks and Labor as Stakeholders: Impact on Economic Performance

IMF Working Paper No. 08/229
Number of pages: 41 Posted: 08 Oct 2008
Stijn Claessens and Kenichi Ueda
Bank for International Settlements and University of Tokyo - Faculty of Economics
Downloads 161 (152,089)
Citation 4

Abstract:

Working Paper

Banks and Labor as Stakeholders: Impact on Economic Performance

Number of pages: 49 Posted: 27 Jan 2010
Stijn Claessens and Kenichi Ueda
Bank for International Settlements and University of Tokyo - Faculty of Economics
Downloads 124 (188,972)
Citation 4

Abstract:

Corporate Governance, Stakeholders, Shareholders’ Value Maximization, Financial Liberalization, Employment Protection, Banking, Knowledge Intensity

53.

Financial Development, Property Rights, and Growth

Downloads 258 ( 96,761)
Citation 146

Financial Development, Property Rights, and Growth

World Bank Policy Research Working Paper No. 2924
Number of pages: 47 Posted: 20 Apr 2016
Stijn Claessens and Luc Laeven
Bank for International Settlements and European Central Bank (ECB)
Downloads 223 (111,867)
Citation 146

Abstract:

Financial Development, Property Rights and Growth

CEPR Discussion Paper No. 3295
Number of pages: 51 Posted: 02 May 2002
Stijn Claessens and Luc Laeven
Bank for International Settlements and European Central Bank (ECB)
Downloads 35 (382,041)
Citation 146

Abstract:

Economic growth, intangible assets, financial development, property rights

Financial Development, Property Rights, and Growth

Journal of Finance, Vol. 58, No. 6, pp. 2401-2436
Posted: 28 Feb 2004
Stijn Claessens and Luc Laeven
Bank for International Settlements and European Central Bank (ECB)

Abstract:

54.

Shadow Banking: Economics and Policy

Number of pages: 37 Posted: 11 Dec 2012
Stijn Claessens, Zoltan Pozsar, Lev Ratnovski and Manmohan Singh
Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 249 (80,386)
Citation 1

Abstract:

shadow banking, securitization, collateral, systemic risk

55.

Government Bonds in Domestic and Foreign Currency: The Role of Institutional Factors

World Bank Policy Research Working Paper No. 2986
Number of pages: 38 Posted: 06 Aug 2003
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements, World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 247 (96,761)
Citation 30

Abstract:

government debt, government bond markets, sovereign bonds, foreign currency debt, currency structure, institutions, exchange rate regime

56.

Empirical Evidence on the New International Aid Architecture

Downloads 240 (104,297)
Citation 4

Empirical Evidence on the New International Aid Architecture

WEF Working Paper No. 0026
Number of pages: 61 Posted: 03 Jul 2007 Last Revised: 12 Nov 2007
Stijn Claessens, Danny Cassimon and Bjorn Van Campenhout
Bank for International Settlements, University of Antwerp - Institute for Development Policy and Management and University of Antwerp - Institute for Development Policy and Management
Downloads 178 (139,039)
Citation 4

Abstract:

development aid, aid allocation, selectivity, debt relief, HIPC, PRSP, aid architecture

Empirical Evidence on the New International Aid Architecture

IMF Working Paper No. 07/277
Number of pages: 55 Posted: 21 Dec 2007
Stijn Claessens, Danny Cassimon and Bjorn Van Camperhout
Bank for International Settlements, University of Antwerp - Institute for Development Policy and Management and affiliation not provided to SSRN
Downloads 62 (296,744)
Citation 4

Abstract:

Working Paper

57.

Financial Crises Explanations, Types, and Implications

Downloads 233 (107,526)
Citation 2

Financial Crises Explanations, Types, and Implications

IMF Working Paper No. 13/28
Number of pages: 67 Posted: 22 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements and Development Prospects Group at the World Bank
Downloads 123 (190,162)
Citation 2

Abstract:

Sudden stops, asset booms, banking crises, credit booms, crises prediction., currency crises, debt crises, defaults, financial restructuring, policy implications

Financial Crises: Explanations, Types and Implications

CAMA Working Paper 06/2013
Number of pages: 66 Posted: 19 Jul 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements and Development Prospects Group at the World Bank
Downloads 102 (218,522)
Citation 2

Abstract:

Sudden stops, debt crises, banking crises, currency crises, defaults, policy implications, financial restructuring, asset booms, credit booms, crises prediction

Financial Crises: Explanations, Types, and Implications

CEPR Discussion Paper No. DP9329
Number of pages: 67 Posted: 05 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements and Development Prospects Group at the World Bank
Downloads 8 (525,120)
Citation 2

Abstract:

asset booms, banking crises, credit booms, crises prediction, currency crises, debt crises, defaults, financial restructuring, policy implications, Sudden stops

58.

Systemic Risk in Global Banking: What Can Available Data Tell Us and What More Data are Needed?

BIS Working Paper No. 376
Number of pages: 26 Posted: 12 Apr 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 233 (94,783)
Citation 5

Abstract:

systemic risks, banking system, international, contagion, vulnerabilities

59.

Finance and Hunger: Empirical Evidence of the Agricultural Productivity Channel

World Bank Policy Research Working Paper No. 4080
Number of pages: 48 Posted: 20 Apr 2016
Stijn Claessens and Erik Feyen
Bank for International Settlements and World Bank - Finance & Markets Global Practice
Downloads 230 (100,405)
Citation 2

Abstract:

Economic Theory & Research, Rural Poverty Reduction, Pro-Poor Growth and Inequality, Inequality

60.

The Political Economy of Global Financial Governance: The Costs of Basle II for Poor Countries

World Economy & Finance Research Working Paper No. WEF 0015
Number of pages: 50 Posted: 14 Nov 2006
Stijn Claessens, Geoffrey R. D. Underhill and Xiaoke Zhang
Bank for International Settlements, University of Amsterdam - Amsterdam Institute for Social Science Research (AISSR) and University of Nottingham - School of Politics
Downloads 208 (118,612)
Citation 2

Abstract:

Basle committee, capital adequacy, financial governance, financial architecture, financial reform, international standards, capital flows, poor countries, cost of capital, international development

61.

Financial Cycles: What? How? When?

Downloads 206 (121,470)
Citation 16

Financial Cycles: What? How? When?

IMF Working Paper No. 11/76
Number of pages: 41 Posted: 13 Apr 2011
M. Ayhan Kose, Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
affiliation not provided to SSRN, Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 199 (125,200)
Citation 16

Abstract:

Business cycles, Capital markets, Credit, Demand, Developed countries, Housing prices, Stock prices

Financial Cycles: What? How? When?

CEPR Discussion Paper No. DP8379
Number of pages: 43 Posted: 19 May 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 7 (530,390)
Citation 16

Abstract:

asset busts, credit booms, credit cycles, crunches, equity prices, house prices

62.

Politicians and Firms in Seven Central and Eastern European Countries

World Bank Policy Research Working Paper No. 1954
Number of pages: 31 Posted: 20 Apr 2016
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)
Downloads 204 (110,844)
Citation 21

Abstract:

63.

Paths to Eurobonds

IMF Working Paper No. 12/172
Number of pages: 40 Posted: 01 Nov 2012
Stijn Claessens, Ashoka Mody and Shahin Vallée
Bank for International Settlements, International Monetary Fund (IMF) - Research Department and affiliation not provided to SSRN
Downloads 192 (75,762)
Citation 1

Abstract:

Eurobonds, Eurozone, Fiscal Risk-sharing, European Monetary Union, Financial Stability, Monetary Transmission Mechanism, Sovereign Debt, General Economics, Teaching of Economics

64.

Being a Foreigner among Domestic Banks: Asset or Liability?

Downloads 187 (132,920)
Citation 12

Being a Foreigner among Domestic Banks: Asset or Liability?

Number of pages: 24 Posted: 11 Feb 2009 Last Revised: 10 Oct 2011
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 121 (192,600)
Citation 12

Abstract:

foreign direct investment, international banking, performance, distance

Being a Foreigner Among Domestic Banks: Asset or Liability?

IMF Working Paper No. 09/273
Number of pages: 36 Posted: 05 Jan 2010
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 66 (287,028)
Citation 12

Abstract:

Bank soundness, Banking sector, Commercial banks, Cross country analysis, Foreign direct investment, International banking, Profit margins, Time series

65.

The Global Financial Crisis: How Similar? How Different? How Costly?

Number of pages: 34 Posted: 23 Mar 2010
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 183 (120,312)
Citation 4

Abstract:

Global financial crisis, Similarities, Differences, Cost, Recessions

66.

Additions to Market Indices and the Comovement of Stock Returns Around the World

Downloads 165 (148,814)
Citation 2

Additions to Market Indices and the Comovement of Stock Returns Around the World

IMF Working Paper No. 11/47
Number of pages: 35 Posted: 09 Mar 2011
Stijn Claessens and Yishay Yafeh
Bank for International Settlements and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 91 (236,354)
Citation 2

Abstract:

Cross country analysis, Demand, International capital markets, Investment, Stock markets, Stock prices

Comovement of Newly Added Stocks with National Market Indices: Evidence from Around the World

Number of pages: 37 Posted: 05 May 2009 Last Revised: 28 Oct 2011
Stijn Claessens and Yishay Yafeh
Bank for International Settlements and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 71 (275,465)
Citation 2

Abstract:

index inclusion, comovement

Additions to Market Indices and the Comovement of Stock Returns around the World

CEPR Discussion Paper No. DP7052
Number of pages: 30 Posted: 18 Dec 2008
Stijn Claessens and Yishay Yafeh
Bank for International Settlements and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 3 (550,840)
Citation 2

Abstract:

Beta, Comovement, Index inclusion

67.

Alternative Frameworks for Providing Financial Services

World Bank Policy Research Working Paper No. 2189
Number of pages: 55 Posted: 20 Apr 2016
Daniela Klingebiel and Stijn Claessens
World Bank - Policy Unit and Bank for International Settlements
Downloads 160 (141,244)
Citation 3

Abstract:

68.

Taking Stock of Risk Management Techniques for Sovereigns

World Bank Policy Research Working Paper No. 3570
Number of pages: 35 Posted: 30 Apr 2005
Stijn Claessens
Bank for International Settlements
Downloads 153 (151,954)
Citation 1

Abstract:

69.

Competition in the Financial Sector: Overview of Competition Policies

Downloads 152 (159,736)
Citation 11

Competition in the Financial Sector: Overview of Competition Policies

IMF Working Paper No. 09/45
Number of pages: 37 Posted: 23 Mar 2009
Stijn Claessens
Bank for International Settlements
Downloads 152 (159,938)
Citation 11

Abstract:

Working Papers

Competition in the Financial Sector: Overview of Competition Policies

The World Bank Research Observer, Vol. 24, Issue 1, pp. 83-118, 2009
Posted: 06 May 2009
Stijn Claessens
Bank for International Settlements

Abstract:

G10, G18, G28, L1, L5

70.

Global Liquidity and Drivers of Cross-Border Bank Flows

Downloads 150 (161,590)

Global Liquidity and Drivers of Cross-Border Bank Flows

Number of pages: 26 Posted: 10 May 2014 Last Revised: 10 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
Downloads 92 (234,618)

Abstract:

Global Liquidity, International Banking, Capital Flows

Global Liquidity and Drivers of Cross-Border Bank Flows

IMF Working Paper No. 14/69
Number of pages: 34 Posted: 03 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
Downloads 58 (307,125)

Abstract:

International banking, Banks, Liquidity, Capital flows, Bank regulations, Bank supervision, Cross country analysis, Global Liquidity, Capital Flows., bank claims, bank borrowers, bank risk, capital regulation, banking statistics, financial markets, bank capital, global financial crisis, banking system, bank risk-taking, bank capital regulation, bank risk taking, bank for international settlements, globalization, banking sector, banking capital, capital adequacy, banking systems, financial intermediation, banking regulation, global financial markets, global financial system, global financial stability, international financial markets, capital requirement, financial integration, bank balance s

Global Liquidity and Drivers of Cross-Border Bank Flows

CEPR Discussion Paper No. DP10314
Number of pages: 28 Posted: 23 Jan 2015
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
Downloads 0

Abstract:

Capital Flows, Global liquidity, International Banking

71.

Capital Flows to Central and Eastern Europe and the Former Soviet Union

World Bank Policy Research Paper No. 1976
Number of pages: 47 Posted: 20 Apr 2016
Stijn Claessens
Bank for International Settlements
Downloads 140 (166,304)
Citation 12

Abstract:

72.

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

Downloads 138 (173,031)
Citation 5

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

IMF Working Paper No. 11/222
Number of pages: 27 Posted: 28 Sep 2011
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 135 (176,548)
Citation 5

Abstract:

Bank credit, Banking systems, Credit risk, Data collection, Financial risk, International banking, International financial system

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

NBER Working Paper No. w18531
Number of pages: 27 Posted: 11 Nov 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 3 (550,840)
Citation 5

Abstract:

73.

Analytical Aspects of the Debt Problems of Heavily Indebted Poor Countries

World Bank Policy Research Working Paper No. 1618
Number of pages: 48 Posted: 20 Apr 2016
Ravi Kanbur, Enrica Detragiache, Peter Wickham and Stijn Claessens
Cornell University, International Monetary Fund (IMF) - European Department, International Monetary Fund (IMF) and Bank for International Settlements
Downloads 136 (150,396)
Citation 7

Abstract:

74.

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

IMF Working Paper No. 11/227
Number of pages: 41 Posted: 08 Oct 2011
Stijn Claessens, Hui Tong and Igor Zuccardi
Bank for International Settlements, International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 125 (166,304)

Abstract:

Capital markets, Corporate sector, Euro Area, Europe, Financial crisis, Sovereign debt, Spillovers, Stock prices, Trade

75.

Impact of Foreign Banks

De Nederlandsche Bank Working Paper No. 370
Number of pages: 28 Posted: 07 Feb 2013
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 120 (108,500)
Citation 3

Abstract:

foreign direct investment, international banking, distance

76.

An Overview of Macroprudential Policy Tools

Downloads 119 (194,360)

An Overview of Macroprudential Policy Tools

IMF Working Paper No. 14/214
Number of pages: 39 Posted: 31 Dec 2014
Stijn Claessens
Bank for International Settlements
Downloads 119 (195,134)

Abstract:

Macroprudential policies and financial stability, Monetary policy, Procyclicality of financial system, Financial intermediation, Other systemic risk tools, externalities, market failures, systemic risks, banks, credit, capital, financial institutions, markets, value, interest

An Overview of Macroprudential Policy Tools

Annual Review of Financial Economics, Vol. 7, pp. 397-422, 2015
Posted: 11 Dec 2015
Stijn Claessens
Bank for International Settlements

Abstract:

77.

Financial Frictions, Investment, and Institutions

Downloads 116 (198,043)
Citation 3

Financial Frictions, Investment, and Institutions

IMF Working Paper No. 10/231
Number of pages: 46 Posted: 01 Feb 2011
Stijn Claessens, Kenichi Ueda and Yishay Yafeh
Bank for International Settlements, University of Tokyo - Faculty of Economics and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 113 (202,791)
Citation 3

Abstract:

Business cycles, Corporate governance, Corporate sector, Development, Economic growth, Economic models, Investment

Financial Frictions, Investment, and Institutions

CEPR Discussion Paper No. DP8170
Number of pages: 47 Posted: 18 Jan 2011
Stijn Claessens, Kenichi Ueda and Yishay Yafeh
Bank for International Settlements, University of Tokyo - Faculty of Economics and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 3 (550,840)
Citation 3

Abstract:

corporate governance, creditor rights, Financial friction, institutions, investment

78.

What is Shadow Banking?

IMF Working Paper No. 14/25
Number of pages: 9 Posted: 04 Feb 2015
Stijn Claessens and Lev Ratnovski
Bank for International Settlements and International Monetary Fund
Downloads 107 (19,817)

Abstract:

79.

Policy Selectivity Foregone: Debt and Donor Behavior in Africa

Number of pages: 25 Posted: 28 Apr 2003
Nancy Birdsall, Stijn Claessens and Ishac Diwan
Center for Global Development, Bank for International Settlements and World Bank - Ethiopia Office
Downloads 97 (221,896)
Citation 19

Abstract:

debt relief, foreign aid, low-income countries, international organizations

80.

Stakeholder Corporate Governance: The Combined Effects of Bank Competition and Employment Protection

Number of pages: 36 Posted: 02 Jun 2014
Stijn Claessens and Kenichi Ueda
Bank for International Settlements and University of Tokyo - Faculty of Economics
Downloads 95 (185,994)

Abstract:

financial liberalization, employment protection, stakeholder corporate governance

81.

How Do Business and Financial Cycles Interact?

IMF Working Paper No. 11/88
Number of pages: 55 Posted: 26 Apr 2011
M. Ayhan Kose, Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
affiliation not provided to SSRN, Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 92 (218,841)
Citation 16

Abstract:

Business cycles, Economic models, Economic recession, Economic recovery, Financial sector, Fiscal policy, Monetary policy

82.

The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions

IMF Working Paper No. 14/46
Number of pages: 40 Posted: 10 Apr 2014
Stijn Claessens and Laura E. Kodres
Bank for International Settlements and International Monetary Fund (IMF) - Research Department
Downloads 87 (128,432)

Abstract:

Financial systems, Fiscal risk, Financial crisis, Fiscal policy, Fiscal reforms, Macroprudential Policy, Monetary policy, Risk management, Financial crises, regulation, systemic risks, macroprudential policies, financial stability, financial institutions, financial services, financial markets, financial sector, financial intermediation, derivatives markets, financial regulation, moral hazard, financial reform, financial reforms, deposit insurance, international financial markets, money market, financial regulations, stock price, financial liberalization, financial sector performance, financial innovation, derivatives exchanges, futures contracts, stock prices, financial statements, internati

83.

Synthesis Report - The Third International Conference on Corporate Governance in Emerging Markets

Number of pages: 16 Posted: 25 Apr 2012
Melsa Ararat, Stijn Claessens and B. Burcin Yurtoglu
Sabanci University - School of Management, Corporate Governance Forum, Bank for International Settlements and WHU - Otto Beisheim School of Management
Downloads 84 (229,663)

Abstract:

corporate governance, emerging markets

84.

Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?

NBER Working Paper No. w8386
Number of pages: 38 Posted: 21 Jul 2001
Stijn Claessens, Daniela Klingebiel and Luc Laeven
Bank for International Settlements, World Bank - Policy Unit and European Central Bank (ECB)
Downloads 78 (243,184)
Citation 20

Abstract:

85.

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals

Downloads 66 (283,701)

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals

IMF Working Paper No. 15/127
Number of pages: 44 Posted: 21 Jul 2015
Eugenio Cerutti, Stijn Claessens and Damien Puy
Johns Hopkins University, Bank for International Settlements and International Monetary Fund (IMF)
Downloads 36 (378,084)

Abstract:

Capital flows, Mutual funds, International banks, Emerging markets, Capital inflows, Cross country analysis, Sensitivity analysis, Push factors, global banks, portfolio, equity, bond, financial markets, monetary policy, monetary fund

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals

Institute of Global Finance Working Paper Vol. 3, No. 1, Paper 1
Number of pages: 41 Posted: 23 Dec 2016
Eugenio Cerutti, Stijn Claessens and Damien Puy
Johns Hopkins University, Bank for International Settlements and International Monetary Fund (IMF)
Downloads 30 (403,421)

Abstract:

Push factors, capital flows, emerging markets, mutual funds, global banks

86.

Institutions, Financial Frictions, and Investment: Estimation with Structural Restrictions

Number of pages: 58 Posted: 12 May 2012
Stijn Claessens, Kenichi Ueda and Yishay Yafeh
Bank for International Settlements, University of Tokyo - Faculty of Economics and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 54 (288,313)

Abstract:

Financial friction, investment, Tobin’s Q, institutions, investor protection

87.

The Use and Effectiveness of Macroprudential Policies: New Evidence

IMF Working Paper No. 15/61
Number of pages: 44 Posted: 14 Apr 2015
Eugenio Cerutti, Stijn Claessens and Luc Laeven
Johns Hopkins University, Bank for International Settlements and European Central Bank (ECB)
Downloads 46 (270,476)

Abstract:

Macroprudential Policy, Emerging markets, Developed countries, Procyclicality of financial system, Cross country analysis, Time series, Macroprudential policies, Effectiveness, Financial cycles, credit growth, monetary fund, borrower, instruments, exchange, capital flow

88.

The Impact of the Global Financial Crisis on Banking Globalization

Downloads 46 (336,784)

The Impact of the Global Financial Crisis on Banking Globalization

De Nederlandsche Bank Working Paper No. 459
Number of pages: 55 Posted: 12 Feb 2015
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 42 (356,161)

Abstract:

foreign banks, financial globalization, global financial crisis, cross-border banking, financial fragmentation

The Impact of the Global Financial Crisis on Banking Globalization

CEPR Discussion Paper No. DP10194
Number of pages: 54 Posted: 14 Oct 2014
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 2 (558,393)

Abstract:

cross-border banking, financial fragmentation, financial globalization, foreign banks, global financial crisis

The Impact of the Global Financial Crisis on Banking Globalization

IMF Economic Review, Vol. 63, Issue 4, pp. 868-918, 2015
Number of pages: 51 Posted: 28 Jan 2016
Stijn Claessens and Neeltje van Horen
Bank for International Settlements and De Nederlandsche Bank
Downloads 2 (558,393)

Abstract:

89.

The Need for Institutional Changes in the Global Financial System: An Analytical Framework

CEPR Discussion Paper No. 4970
Number of pages: 50 Posted: 28 Jul 2005
Stijn Claessens and Geoffrey R. D. Underhill
Bank for International Settlements and University of Amsterdam - Amsterdam Institute for Social Science Research (AISSR)
Downloads 46 (336,784)
Citation 1

Abstract:

International financial arrangements, international governance, international financial institutions, political economy, legitimacy

90.

Recessions and Financial Disruptions in Emerging Markets: A Bird's Eye View

Central Bank of Chile Working Paper No. 585
Number of pages: 53 Posted: 17 Jul 2010
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 42 (302,964)

Abstract:

Business cycles, Emerging Markets, Recessions, Financial Disruptions

91.

The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions

IMF Working Paper No. 14/180
Number of pages: 39 Posted: 22 Oct 2014
Eugenio Cerutti and Stijn Claessens
Johns Hopkins University and Bank for International Settlements
Downloads 37 (325,024)

Abstract:

Cross-border banking, International banks, Loans, Credit, Supply and demand, Banking systems, Balance sheets, Financial statements, Global banks, Credit supply, Financial crisis, Deleveraging, International capital markets, systemic crisis, systemic_crisis, global financial crisis, return on assets, banking statistics, systemic risk, pre-crisis, banking crisis, systemic banking crisis, banking activities, home banking, bank capital, financial crises, banking crises, bank liquidity, banking network, recession, bank of international settlements, debt crisis, bank behavior, banking markets, banks loans, bank of international settlements (bis), bank subsidiaries, crisis episodes, domestic liquid

92.

Will HIPC Matter? The Debt Game and Donor Behaviour in Africa

CEPR Discussion Paper No. 3297
Number of pages: 38 Posted: 07 May 2002
Nancy Birdsall, Stijn Claessens and Ishac Diwan
Center for Global Development, Bank for International Settlements and World Bank - Ethiopia Office
Downloads 36 (369,931)
Citation 7

Abstract:

Debt relief foreign aid, low-income countries, international organizations

93.

Assessing Firms'Financing Constraints in Brazil

World Bank Policy Research Working Paper No. 6624
Number of pages: 31 Posted: 20 Apr 2016
Stijn Claessens and Yaye Seynabou Sakho
Bank for International Settlements and World Bank
Downloads 34 (308,157)

Abstract:

Access to Finance, Banks & Banking Reform, Debt Markets, Bankruptcy and Resolution of Financial Distress, Economic Theory & Research

94.

From the Financial Crisis to the Real Economy: Using Firm-Level Data to Identify Transmission Channels

NBER Working Paper No. w17360
Number of pages: 46 Posted: 29 Aug 2011
Stijn Claessens, Hui Tong and Shang-Jin Wei
Bank for International Settlements, International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 32 (366,450)
Citation 3

Abstract:

95.

Gyrations in Financial Markets

Number of pages: 29 Posted: 16 Jul 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 31 (359,443)

Abstract:

96.

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres

CEPR Discussion Paper No. 3301
Number of pages: 42 Posted: 09 May 2002
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements, World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 31 (389,155)
Citation 29

Abstract:

Stock exchange development, trading migration, emerging economies, cross-listing, ADRs, GDRs, internationalization of financial mark

97.

Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors

CEPR Discussion Paper No. 3789
Number of pages: 43 Posted: 10 Apr 2003
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements, World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 28 (402,022)
Citation 31

Abstract:

Government debt, government bond markets, sovereign bonds, foreign currency debt, currency structure

98.

The Political Economy of Basle II: The Costs for Poor Countries

World Economy, Vol. 31, Issue 3, pp. 313-344, March 2008
Number of pages: 32 Posted: 26 Feb 2008
Stijn Claessens, Geoffrey R. D. Underhill and Xiaoke Zhang
Bank for International Settlements, University of Amsterdam - Amsterdam Institute for Social Science Research (AISSR) and University of Nottingham - School of Politics
Downloads 22 (431,239)
Citation 2

Abstract:

99.

Government Bonds in Domestic and Foreign Currency: The Role of Institutional and Macroeconomic Factors

Review of International Economics, Vol. 15, No. 2, pp. 370-413, May 2007
Number of pages: 44 Posted: 02 May 2007
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements, World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 22 (431,239)
Citation 30

Abstract:

100.

Ownership and Financing Structures of Listed and Large Non-listed Corporations

Corporate Governance: An International Review, Vol. 14, No. 4, pp. 266-276, July 2006
Number of pages: 11 Posted: 05 Jul 2006
Stijn Claessens and Konstantinos Tzioumis
Bank for International Settlements and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 21 (431,239)
Citation 4

Abstract:

101.

The Effect of Equity Barriers on Foreign Investment in Developing Countries

NBER Working Paper No. w4579
Number of pages: 52 Posted: 11 Dec 2007
Stijn Claessens and Moon-Whoan Rhee
Bank for International Settlements and Towson University - Department of Finance
Downloads 20 (431,239)
Citation 9

Abstract:

102.

Corporate Governance and Development: An Update

2012, Focus 10, Global Corporate Governance Network, IFC.
Number of pages: 108 Posted: 20 May 2012 Last Revised: 21 Feb 2015
Stijn Claessens and B. Burcin Yurtoglu
Bank for International Settlements and WHU - Otto Beisheim School of Management
Downloads 10 (241,382)
Citation 17

Abstract:

103.

Policy Principles for Expanding Financial Access

Center for Global Development Working Paper
Number of pages: 44 Posted: 07 Feb 2015
Stijn Claessens, Patrick Honohan and Liliana Rojas-Suarez
Bank for International Settlements, Trinity College Dublin - Department of Economics and Center for Global Development
Downloads 7 (397,664)
Citation 1

Abstract:

Financial Access, Financial Inclusion, Financial Regulation

104.

How Do Business and Financial Cycles Interact?

CEPR Discussion Paper No. DP8396
Number of pages: 55 Posted: 26 May 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 6 (511,943)
Citation 16

Abstract:

asset busts, booms, credit crunches, financial crises, recessions, recoveries

105.

Cross-Country Experiences and Policy Implications from the Global Financial Crisis

Economic Policy, Vol. 25, Issue 62, pp. 267-293, April 2010
Number of pages: 27 Posted: 05 Apr 2010
Stijn Claessens, Giovanni Dell’Ariccia, Deniz Igan and Luc Laeven
Bank for International Settlements, affiliation not provided to SSRN, International Monetary Fund (IMF) - Financial Studies Division and European Central Bank (ECB)
Downloads 2 (531,691)
Citation 18

Abstract:

106.

Political Connections and Preferential Access to Finance: Role of Campaign Contributions

CEPR Discussion Paper No. 6045
Number of pages: 59 Posted: 28 Jun 2007
Stijn Claessens, Erik Feyen and Luc Laeven
Bank for International Settlements, World Bank - Finance & Markets Global Practice and European Central Bank (ECB)
Downloads 2 (531,691)
Citation 52

Abstract:

Campaign Contributions, Elections, Rent-seeking, Preferential Lending

107.

Monetary and Macroprudential Policies

IMF Economic Review, Vol. 60, Issue 2, pp. 151-154, 2012
Number of pages: 4 Posted: 30 Jun 2012
Pierre-Olivier Gourinchas, M. Ayhan Kose and Stijn Claessens
University of California, Berkeley - Department of Economics, Development Prospects Group at the World Bank and Bank for International Settlements
Downloads 1 (540,605)

Abstract:

108.

How Important is the Global Financial Cycle? Evidence from Capital Flows

CEPR Discussion Paper No. DP12075
Number of pages: 63 Posted: 05 Jun 2017
Eugenio Cerutti, Stijn Claessens and Andrew Kenan Rose
Johns Hopkins University, Bank for International Settlements and University of California - Haas School of Business
Downloads 0 (553,844)

Abstract:

bonds, center, country, data, empirical, equity, FDI, fit, panel, VIX

109.

The Role of Foreign Banks in Trade

Bank of England Working Paper No. 656
Number of pages: 60 Posted: 10 Apr 2017
Stijn Claessens, Omar Hassib and Neeltje van Horen
Bank for International Settlements, Bank of England and De Nederlandsche Bank
Downloads 0 (462,289)
Citation 17

Abstract:

Foreign banks, international trade, credit constraints, financial development

110.

'Low-for-Long' Interest Rates and Banks' Interest Margins and Profitability: Cross-Country Evidence

FRB International Finance Discussion Paper No. 1197
Number of pages: 42 Posted: 27 Feb 2017
Stijn Claessens, Nicholas S. Coleman and Michael S Donnelly
Bank for International Settlements, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 0 (270,476)

Abstract:

Interest rates, Bank profitability, Net interest margin, Low-for-long

111.

The Use and Effectiveness of Macroprudential Policies

BIS Paper No. 86n
Number of pages: 8 Posted: 05 Oct 2016
Eugenio Cerutti, Stijn Claessens and Luc Laeven
Johns Hopkins University, Bank for International Settlements and European Central Bank (ECB)
Downloads 0 (373,600)

Abstract:

112.

Competition and Scope of Activities in Financial Services

World Bank Research Observer, Vol. 16, No. 1, pp. 19-40, 2001
Posted: 29 Feb 2008
Stijn Claessens and Daniela Klingebiel
Bank for International Settlements and World Bank - Policy Unit

Abstract:

113.

Enforcement and Good Corporate Governance in Developing Countries and Transition Economies

World Bank Research Observer, Vol. 21, No. 1, pp. 123-150, 2006
Posted: 29 Feb 2008
Erik Berglöf and Stijn Claessens
Institute of Global Affairs, London School of Economics and Political Science and Bank for International Settlements

Abstract:

114.

Disentangling the Incentive and Entrenchment Effects of Large Shareholdings

Journal of Finance, Vol. 57, No. 6, pp. 2741-2771, 2002
Posted: 03 Sep 2003
Joseph P. H. Fan, Stijn Claessens, Simeon Djankov and Larry H.P. Lang
The Chinese University of Hong Kong (CUHK) - School of Accountancy, Bank for International Settlements, London School of Economics & Political Science (LSE) and The Chinese University of Hong Kong (CUHK) - Department of Finance

Abstract:

115.

Privatization Benefits in Eastern Europe

Journal of Public Economics, Vol. 83, Issue 3, pp. 307-324
Posted: 24 Apr 2002
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)

Abstract:

Privatization; Eastern Europe

116.

Ownership Concentration and Corporate Performance in the Czech Republic

CEPR Discussion Paper No. 2145
Posted: 29 Aug 1999
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)

Abstract:

117.

Politicians and Firms: Evidence From Seven Central and Eastern European Countries

Posted: 11 Jul 1997
Stijn Claessens and Simeon Djankov
Bank for International Settlements and London School of Economics & Political Science (LSE)

Abstract:

118.

Estimating the Likelihood of Mexican Default From the Market Prices of Brady Bonds

J. OF FINANCIAL AND QUANTITATIVE ANALYSIS, March 1996
Posted: 17 Sep 1996
Stijn Claessens and George Pennacchi
Bank for International Settlements and University of Illinois

Abstract:

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