Luc Laeven

TL;DR: In this paper, the authors present a new database on the timing of systemic banking crises and policy responses to resolve them, with detailed data on crisis containment and resolution policies for 42 crisis episodes, including currency crises and sovereign debt crises.

TL;DR: The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors as mentioned in this paper, and deep reforms are therefore needed to the international financial architecture to safeguard the stability of an increasingly financially integrated world.

TL;DR: The authors studied the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis and found that the growth of firms dependent on external financing is disproportionately positively affected by bank recapitalisation policies, and that this effect is quantitatively important and robust to controlling for other financial sector support policies.

TL;DR: In this paper, the authors examined the extent to which the distribution of firm size is related to the quality of the legal system using data from Mexico and found that Mexican states with more effective legal systems have larger firms.

TL;DR: This article showed that the relationship between monetary policy stance and bank risk taking is more complex than generally believed, and that the balance depends on financial intermediaries' degree of limited liability and financial health.