Luc Laeven
Last Updated: October 05, 2009Luc Laeven is Deputy Division Chief in the Research Department of the International Monetary Fund. Prior to this, he was a Senior Financial Economist in the Financial Sector Department of the World Bank and worked at ABN Amro Bank. His research focuses on international banking and corporate finance issues and has been published in top academic journals, including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He has also co-edited a book on Systemic Financial Crises: Containment and Resolution published by Cambridge University Press, a book on Deposit Insurance around the World: Issues of Design and Implementation published by MIT Press, and a Reader on International Corporate Finance. He is a Research Fellow at the Centre for Economic Policy Research (CEPR) in London and a Research Associate at the European Corporate Governance Institute (ECGI). He studied at Tilburg University, the University of Amsterdam, and the London School of Economics.
Email: llaeven@imf.org
Personal WebPage: www.luclaeven.com
Fluent In: Dutch.
Refereed Activities:
American Economic Review, Economic Journal, Economica, Economics Letters, Financial Management, Journal of Banking and Finance, Journal of Comparative Economics, Journal of Development Economics, Journal of Economic Growth, Journal of the European Economic Association, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial Services Research, Journal of Financial and Quantitative Analysis, Journal of International Money and Finance, Journal of Law and Economics, Journal of Monetary Economics, Journal of Money, Credit, and Banking, Journal of Public Economics, Quantitative Finance, Review of Economic Studies, Review of Economics and Statistics, Review of Finance, Review of Financial Studies, Rivista di Politica Economica, World Bank Economic Review, World Development
Work in progress:
“The Investment Allocation of Sovereign Wealth Funds” (with V. Chhaochharia).
“Institutional Investments During Financial Crises” (with V. Chhaochharia).
“Trade Credit Contracts” (with L. Klapper and R. Rajan).
“Real Effects of Financial Crises” (with R. Kroszner).
“Investment and Location of Multinational Firms” (with H. Huizinga, and G. Nicodeme).
“Financial Development, Innovation, and Growth” (with R. Levine and S. Michalopoulos).
“Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market” (with G. Dell’Ariccia and D. Igan).
IMF Books and Working Papers:
Policies for Macrofinancial Stability: How to Deal with Credit Booms, Staff Discussion Notes No. 12/6, June 07, 2012
Systemic Banking Crises Database: An Update, Working Paper No. 12/163, June 01, 2012
The Valuation Effects of Geographic Diversification: Evidence from U.S. Banks, Working Paper No. 12/50, February 01, 2012
Managing Capital Inflows: What Tools to Use?, Staff Discussion Notes No. 11/6, April 05, 2011
Crisis Management and Resolution: Early Lessons from the Financial Crisis, Staff Discussion Notes No. 11/5, March 09, 2011
The Real Effects of Financial Sector Interventions During Crises, Working Paper No. 11/45, March 01, 2011
Monetary Policy, Leverage, and Bank Risk-Taking, Working Paper No. 10/276, December 01, 2010
U.S. Monetary Shocks and Global Stock Prices, Working Paper No. 10/278, December 01, 2010
Resolution of Banking Crises: The Good, the Bad, and the Ugly, Working Paper No. 10/146, June 01, 2010
Lessons and Policy Implications from the Global Financial Crisis, Working Paper No. 10/44, February 01, 2010
Accounting Discretion of Banks During a Financial Crisis, Working Paper No. 09/207, September 01, 2009
The Use of Blanket Guarantees in Banking Crises, Working Paper No. 08/250, October 01, 2008
Systemic Banking Crises: A New Database, Working Paper No. 08/224, September 01, 2008
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Working Paper No. 08/106, April 01, 2008
Complex Ownership Structures and Corporate Valuations, Working Paper No. 07/140, June 01, 2007
Capital Structure and International Debt Shifting, Working Paper No. 07/39, February 01, 2007
Corporate Governance Quality: Trends and Real Effects, Working Paper No. 06/293, December 01, 2006
Books
Deposit Insurance (co-edited with Asli Demirguc-Kunt and Edward Kane), Cambridge, MA: MIT Press, forthcoming.
Publications in Refereed Journals
Bank Risk and Deposit Insurance, World Bank Economic Review, Vol. 16, No. 1, pp. 109-137, 2002.
Luc Laeven is Deputy Division Chief in the Research Department of the International Monetary Fund. Prior to this, he was a Senior Financial Economist in the Financial Sector Department of the World Bank and worked at ABN Amro Bank. His research focuses on international banking and corporate finance issues and has been published in top academic journals, including the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He has also co-edited a book on Systemic Financial Crises: Containment and Resolution published by Cambridge University Press, a book on Deposit Insurance around the World: Issues of Design and Implementation published by MIT Press, and a Reader on International Corporate Finance. He is a Research Fellow at the Centre for Economic Policy Research (CEPR) in London and a Research Associate at the European Corporate Governance Institute (ECGI). He studied at Tilburg University, the University of Amsterdam, and the London School of Economics.
Email: llaeven@imf.org
Personal WebPage: www.luclaeven.com
Fluent In: Dutch.
Refereed Activities:
American Economic Review, Economic Journal, Economica, Economics Letters, Financial Management, Journal of Banking and Finance, Journal of Comparative Economics, Journal of Development Economics, Journal of Economic Growth, Journal of the European Economic Association, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial Services Research, Journal of Financial and Quantitative Analysis, Journal of International Money and Finance, Journal of Law and Economics, Journal of Monetary Economics, Journal of Money, Credit, and Banking, Journal of Public Economics, Quantitative Finance, Review of Economic Studies, Review of Economics and Statistics, Review of Finance, Review of Financial Studies, Rivista di Politica Economica, World Bank Economic Review, World Development
Work in progress:
“The Investment Allocation of Sovereign Wealth Funds” (with V. Chhaochharia).
“Institutional Investments During Financial Crises” (with V. Chhaochharia).
“Trade Credit Contracts” (with L. Klapper and R. Rajan).
“Real Effects of Financial Crises” (with R. Kroszner).
“Investment and Location of Multinational Firms” (with H. Huizinga, and G. Nicodeme).
“Financial Development, Innovation, and Growth” (with R. Levine and S. Michalopoulos).
“Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market” (with G. Dell’Ariccia and D. Igan).
IMF Books and Working Papers:
Policies for Macrofinancial Stability: How to Deal with Credit Booms, Staff Discussion Notes No. 12/6, June 07, 2012
Systemic Banking Crises Database: An Update, Working Paper No. 12/163, June 01, 2012
The Valuation Effects of Geographic Diversification: Evidence from U.S. Banks, Working Paper No. 12/50, February 01, 2012
Managing Capital Inflows: What Tools to Use?, Staff Discussion Notes No. 11/6, April 05, 2011
Crisis Management and Resolution: Early Lessons from the Financial Crisis, Staff Discussion Notes No. 11/5, March 09, 2011
The Real Effects of Financial Sector Interventions During Crises, Working Paper No. 11/45, March 01, 2011
Monetary Policy, Leverage, and Bank Risk-Taking, Working Paper No. 10/276, December 01, 2010
U.S. Monetary Shocks and Global Stock Prices, Working Paper No. 10/278, December 01, 2010
Resolution of Banking Crises: The Good, the Bad, and the Ugly, Working Paper No. 10/146, June 01, 2010
Lessons and Policy Implications from the Global Financial Crisis, Working Paper No. 10/44, February 01, 2010
Accounting Discretion of Banks During a Financial Crisis, Working Paper No. 09/207, September 01, 2009
The Use of Blanket Guarantees in Banking Crises, Working Paper No. 08/250, October 01, 2008
Systemic Banking Crises: A New Database, Working Paper No. 08/224, September 01, 2008
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Working Paper No. 08/106, April 01, 2008
Complex Ownership Structures and Corporate Valuations, Working Paper No. 07/140, June 01, 2007
Capital Structure and International Debt Shifting, Working Paper No. 07/39, February 01, 2007
Corporate Governance Quality: Trends and Real Effects, Working Paper No. 06/293, December 01, 2006
Books
Deposit Insurance (co-edited with Asli Demirguc-Kunt and Edward Kane), Cambridge, MA: MIT Press, forthcoming.
Publications in Refereed Journals
Bank Risk and Deposit Insurance, World Bank Economic Review, Vol. 16, No. 1, pp. 109-137, 2002.