L
Luc Laeven
Researcher at European Central Bank
Publications - 360
Citations - 40776
Luc Laeven is an academic researcher from European Central Bank. The author has contributed to research in topics: Financial crisis & Deposit insurance. The author has an hindex of 93, co-authored 355 publications receiving 36916 citations. Previous affiliations of Luc Laeven include World Bank & Center for Economic and Policy Research.
Papers
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Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market
TL;DR: In this paper, the authors link the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market and show that lending standards declined more in areas that experienced larger credit booms and house price increases.
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Financial dependence, banking sector competition, and economic growth
Stijn Claessens,Luc Laeven +1 more
TL;DR: In this paper, the authors first estimate for 16 countries a measure of banking system competition based on industrial organization theory, and then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster.
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International taxation and multinational firm location decisions
TL;DR: In this paper, the authors examined the effect of host and additional parent country taxation on the location decisions of multinational firms and found that international double taxation by the parent country is instrumental in shaping the structure of multinational enterprise.
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International portfolio diversification benefits: Cross-country evidence from a local perspective
Joost Driessen,Luc Laeven +1 more
TL;DR: In this article, the authors investigate how the benefits of international portfolio diversification differ across countries from the perspective of a local investor and find that the benefits from investing abroad are largest for investors in developing countries, including when controlling for currency effects.
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Institution building and growth in transition economies
TL;DR: In this paper, 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.