Stijn Claessens
Last Updated: March 11, 2014
Stijn Claessens is Assistant Director in the Research Department of the International Monetary Fund. Mr. Claessens, a Dutch national, holds a Ph.D. in business economics from the Wharton School of the University of Pennsylvania (1986) and M.A. from Erasmus University, Rotterdam (1984). He started his career teaching at New York University business school (1987) and then worked for fourteen years at the World Bank in various positions (1987-2001). He taught for three years at the University of Amsterdam (2001-2004), where he remains a Professor of International Finance Policy. Prior to his current position, he was Senior Adviser in the Financial and Private Sector Vice-Presidency of the World Bank (2004-2006). His policy and research interests are firm finance and corporate governance; risk management; globalization; and business and financial cycles. Over his career, Mr. Claessens has provided policy advice to many countries. His research has been published, among others, in the Journal of Financial Economics, Journal of Finance and Quarterly Journal of Economics. He has edited several books, including International Financial Contagion (Kluwer 2001), Resolution of Financial Distress (World Bank Institute 2001), A Reader in International Corporate Finance (World Bank 2006) and Macro-Prudential Regulatory Policies: The New Road to Financial Stability (World Scientific Studies in International Economics), and Financial Crises: Causes, Consequences, and Policy Responses (IMF). He is an associate editor at the IMF Economic Review and at other journals and has been an associate editor at the World Bank Economic Review and an editor of the Journal of Financial Services Research. He is a fellow of the London-based CEPR, ECGI (Brussels), AICG (Seoul), Wharton Financial Institutions Center, and is on the Advisory Board of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia University.
Email: SClaessens@imf.org
Fluent In: Dutch.
Referee Activities:
American Economic Review; Journal of International Economics; Journal of International Money and Finance; World Development; World Bank Economic Review; Oxford Economic Papers; Revista de Analisis Economico; Journal of Development Economics; Economic Journal; Journal of Development Studies; International Review of Economics and Finance; International Journal of Finance and Economics; World Bank and National Science Foundation Research Proposals; Journal of Comparative Economics; Quarterly Journal of Economics; Journal of Money Credit and Banking; Contemporary Economic Policy; Pacific-Basin Finance Journal; Transnational Corporations; Journal of Banking and Finance; Journal of Financial Services Research; Financial Management; European Economic Review; Journal of Finance; Journal of Business; Scottish Journal of Political Economy; Swiss Science Foundation; Hong Kong Science Board; Review of Economics and Statistics; International Finance; Welwirtschaftliches Archiv; Austrian National Bank; European Journal of Political Economy; International Finance Review; Review Committee Annual Western Finance Association Meeting, 2003, 2004, 2005, and 2006; Review of Financial Studies; Journal of the European Economic Association; Economic Development and Cultural Change; Managerial and Decision Economics; Review of Finance; Journal of Financial Intermediation; International Journal of Central Banking; Journal of Financial Economics; and others.
Work in progress:
Political Connections and Preferential Access to Finance: The Role of Campaign Contributions (with Erik Feijen and Luc Laeven), Journal of Financial Economics, forthcoming.
International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global? (with Sergio L. Schmukler), Journal of International Money and Finance, forthcoming.
Basle II Capital Requirements and Developing Countries: A Political Economy Perspective (with Geoffry R. D. Underhill and Xiaoke Zhang), World Economy, forthcoming.