Stijn Claessens

Most Recent Published Papers

• SSRN papers: http://ssrn.com/author=37003
• IDEAS papers: http://ideas.repec.org/e/pcl16.html

Published and Forthcoming Papers

• E-Finance in Emerging Markets: Is Leapfrogging Possible?
• Policy Selectivity Foregone: Debt and Donor Behavior in Africa
• Corporate Governance in Asia: A Survey
• The Growing Importance Of Networks in Finance and Its Effects on Competition

• Regulatory Reform and Trade Liberalization in Financial Services

• What Drives Banking Competition?
• Corporate Performance in the East Asian Financial Crisis
• The separation of ownership and control in East Asian Corporations
• Contagion: Understanding How It Spreads
• How does Foreign Entry Affect Domestic Banking Markets?
• Competition and Scope of Activities in Financial Services
• The Political Economy of Distress in East Asian Financial Institutions
• Electronic Finance: Reshaping the Financial Landscape Around the World
• Disentangling the Incentive and the Entrenchment Effects of Large Shareholdings
• Resolution of Corporate Distress in East Asia
• Financial Development, Property Rights, and Growth
• When does Corporate Diversification Matter to Productivity and Performance? Evidence from East Asia

Books

• The Internationalization of Financial Services
• International Financial Contagion
• Resolution of Financial Distress: An International Perspective on the Design of Bankruptcy Laws

Recent Book Chapters and Other Papers

• Benefits and costs of integrated financial services provision in developing countries
• The Future of Stock Exchanges in European Accession Countries 2003
• Corporate governance and development
• A Framework for Strategic Foreign Reserves Risk Management
• Competition in the Financial Sector and Growth: A Cross-country Perspective
• Resolving Systemic Crises:  Policies and Institutions
• East Asian Corporations: Heroes or Villains?
• The Internationalization of Financial Services: Issues and Lessons for Developing Countries: Overview
• Corporate Risk around the World
• Financial Restructuring in East Asia: Halfway There?
• Resolution of Financial Distress: An Overview
• Stock Markets in Transition Economies
• International Financial Contagion: An Overview of the Issues and the Book
• Strategic Risk Management for Developing Countries: An Application to Colombia
• Financial Restructuring in Banking and Corporate Sector Crises, What Policies to Pursue?
• The Future of Stock Exchanges in Emerging Markets: Evolution and Prospects.
• Foreign Banks in Low-Income Countries: Recent Developments and Impacts.
• The Benefits and Costs of Internal Markets: Evidence from East Asia's Financial Crisis.

Working Papers

• Corporate Governance and Enforcement

• Stock Market Development and Internationalization: Do Economic Fundamentals Spur Both Similarly?

• Basle II Capital Requirements and Developing Countries: A Political Economy Perspective

• The Costs and Benefits of Group Affiliation: Evidence from East Asia

• The Pattern and Valuation Effects of Corporate Diversification: A Comparison of the US, Japan, and Other East Asian Economies
• Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers
• Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors. 
• Bankruptcy around the World: Explanations of its Relative Use
• Basel II, Sovereign Ratings and Transfer Risk. External versus Internal Ratings.

          Inaugural Speech