Luc Laeven

TL;DR: The authors compared the policy choices in recent and past crises, explains why those choices varied, and assesses the current state of financial and operational restructuring and institutional reform, concluding that the diagnosis and repair of financial institutions and overall asset restructuring are much less advanced than they should be at this stage.

TL;DR: This article examined the impact of bank regulations, market structure, and national institutions on bank net interest margins and overhead costs using data on over 1400 banks across 72 countries while controlling for bank specific characteristics.

TL;DR: This article examined the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals and found that thin capitalisation rules affect multinational firm capital structure in a significant way.

TL;DR: This paper found that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening).

TL;DR: In this article, the authors identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years.