Luc Laeven - Academia.edu (original) (raw)

Papers by Luc Laeven

Research paper thumbnail of The Procyclicality of Banking: Evidence from the Euro Area

Research paper thumbnail of International Evidence on the Value of Product and Geographic Diversity

Policy Research Working Papers

Research paper thumbnail of The Impact of Bank Regulations, Concentration, and Institutions on Bank Margins

Policy Research Working Papers

Research paper thumbnail of Banking Risks around the World: The Implicit Safety Net Subsidy Approach

Policy Research Working Papers

Research paper thumbnail of Waking Up from the American Dream: On the Experience of Young Americans during the Housing Boom of the 2000s

Journal of Money, Credit and Banking

Research paper thumbnail of Does Financial Liberalization Relax Financing Constraints on Firms?

Policy Research Working Papers

Research paper thumbnail of Deposit Insurance Design And Implementation : Policy Lessons From Research And Practice

Policy Research Working Papers

Research paper thumbnail of International evidence on the value of deposit insurance

The Quarterly Review of Economics and Finance

Research paper thumbnail of Discussion of: Landscape of international banking and financial crises

Research paper thumbnail of The Private Benefits of Controlling Complex Bank Holding Companies

ABSTRACT This paper assesses the impact of the geographic diversification of bank holding company... more ABSTRACT This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on (1) their market valuations and (2) the generosity of their loans to bank executives. We find that exogenous increases in geographic diversity reduce BHC valuations and increase the frequency and size of insider loans. These findings are consistent with the view that geographic diversity makes it more difficult for shareholders and creditors to monitor bank executives, allowing corporate insiders to extract larger private benefits from controlling complex BHCs.

Research paper thumbnail of International Portfolio Diversification Benefits: Cross-Country Evidence

Research paper thumbnail of The Investment Allocation of Sovereign Wealth Funds

... emerging markets conference for useful comments and/or discussions. We would like to thank Su... more ... emerging markets conference for useful comments and/or discussions. We would like to thank Supreet Arora and Masha Galeb for excellent research assistance. This paper's findings, interpretation, and conclusion are entirely those ...

Research paper thumbnail of Gestión de la entrada de capitales: ¿Qué herramientas usar?

Research paper thumbnail of Financial Integration, Crises, and Asset Prices: Evidence from U.S. Mutual Funds

Research paper thumbnail of Research Department Financial Development, the Structure of Capital Markets, and the Global Digital Divide

Research paper thumbnail of Essays on financial intermediation in developing countries

Research paper thumbnail of The World Bank economic review 16 (1)

The World Bank Economic Review, 2002

Research paper thumbnail of Deposit insurance and bank failure resolution: Cross-country evidence

Research paper thumbnail of 1 Conf�rences/Workshops

Research paper thumbnail of Benefits and Costs of Bank Capital

SSRN Electronic Journal, 2000

Research paper thumbnail of The Procyclicality of Banking: Evidence from the Euro Area

Research paper thumbnail of International Evidence on the Value of Product and Geographic Diversity

Policy Research Working Papers

Research paper thumbnail of The Impact of Bank Regulations, Concentration, and Institutions on Bank Margins

Policy Research Working Papers

Research paper thumbnail of Banking Risks around the World: The Implicit Safety Net Subsidy Approach

Policy Research Working Papers

Research paper thumbnail of Waking Up from the American Dream: On the Experience of Young Americans during the Housing Boom of the 2000s

Journal of Money, Credit and Banking

Research paper thumbnail of Does Financial Liberalization Relax Financing Constraints on Firms?

Policy Research Working Papers

Research paper thumbnail of Deposit Insurance Design And Implementation : Policy Lessons From Research And Practice

Policy Research Working Papers

Research paper thumbnail of International evidence on the value of deposit insurance

The Quarterly Review of Economics and Finance

Research paper thumbnail of Discussion of: Landscape of international banking and financial crises

Research paper thumbnail of The Private Benefits of Controlling Complex Bank Holding Companies

ABSTRACT This paper assesses the impact of the geographic diversification of bank holding company... more ABSTRACT This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on (1) their market valuations and (2) the generosity of their loans to bank executives. We find that exogenous increases in geographic diversity reduce BHC valuations and increase the frequency and size of insider loans. These findings are consistent with the view that geographic diversity makes it more difficult for shareholders and creditors to monitor bank executives, allowing corporate insiders to extract larger private benefits from controlling complex BHCs.

Research paper thumbnail of International Portfolio Diversification Benefits: Cross-Country Evidence

Research paper thumbnail of The Investment Allocation of Sovereign Wealth Funds

... emerging markets conference for useful comments and/or discussions. We would like to thank Su... more ... emerging markets conference for useful comments and/or discussions. We would like to thank Supreet Arora and Masha Galeb for excellent research assistance. This paper's findings, interpretation, and conclusion are entirely those ...

Research paper thumbnail of Gestión de la entrada de capitales: ¿Qué herramientas usar?

Research paper thumbnail of Financial Integration, Crises, and Asset Prices: Evidence from U.S. Mutual Funds

Research paper thumbnail of Research Department Financial Development, the Structure of Capital Markets, and the Global Digital Divide

Research paper thumbnail of Essays on financial intermediation in developing countries

Research paper thumbnail of The World Bank economic review 16 (1)

The World Bank Economic Review, 2002

Research paper thumbnail of Deposit insurance and bank failure resolution: Cross-country evidence

Research paper thumbnail of 1 Conf�rences/Workshops

Research paper thumbnail of Benefits and Costs of Bank Capital

SSRN Electronic Journal, 2000