prof. dr. C.A.M.F. (Stijn) Claessens

List

Faculty of Economics and Business
Section Finance
Plantage Muidergracht 12
1018 TV Amsterdam
C.A.M.F.Claessens@uva.nl

Publications
Ancillary activities

refereed(47)
academic(23)
professional(7)
working papers / preprints(24)

2015

C.A.M.F. Claessens & L. Ratnovski (2015). What is Shadow Banking? In C.A.M.F Claessens, R.J.A. Laeven, D. Evanoff & G. Kaufmann (Eds.), Shadow Banking Within and Across National Borders. New Jersey: World Scientific Studies in International Economics.

2014

S. Claessens, K. Ueda & Y. Yafeh (2014). Institutions and financial frictions: estimating with structural restrictions on firm value and investment. Journal of Development Economics, 110, 107-122. doi: 10.1016/j.jdeveco.2014.05.004
S. Claessens & N. van Horen (2014). Location Decisions of Foreign Banks and Competitor Remoteness. Journal of Money, Credit and Banking, 46 (1), 145-170. doi: 10.1111/jmcb.12100
S. Claessens & N. van Horen (2014). Foreign Banks: Trends and Impact. Journal of Money, Credit and Banking, 46 (s1), 295-326. doi: 10.1111/jmcb.12092

2013

S. Claessens (2013). Challenges in financial regulation. In H. Kent Baker & L.A. Riddick (Eds.), International finance: a survey (pp. 168-183). Oxford: Oxford University Press.

2012

C.A.M.F. Claessens & N. van Horen (2012). Being a foreigner among domestic banks: asset or liability? Journal of Banking & Finance, 36 (5), 1276-1290. doi: 10.1016/j.jbankfin.2011.11.020
C.A.M.F. Claessens, H. Tong & S-J. Wei (2012). From the financial crisis to the real economy: using firm-level data to identify transmission channels. Journal of International Economics, 88 (2), 375-387. doi: 10.1016/j.jinteco.2012.02.015
C.A.M.F. Claessens, M.A. Kose & M.E. Terrones (2012). How do business and financial cycles interact? Journal of International Economics, 87 (1), 178-190. doi: 10.1016/j.jinteco.2011.11.008

2010

S. Claessens & G.R.D. Underhill (2010). The political economy of Basel II in the international financial architecture. In G.R.D. Underhill, J. Blom & D. Mügge (Eds.), Global financial integration thirty years on: from reform to crisis (pp. 113-133). Cambridge: Cambridge University Press.

2009

S. Claessens, M.A. Kose & M.E. Terrones (2009). What happens during recessions, crunches and busts? Economic Policy, 24 (60), 653-700.
S. Claessens, D. Cassimon & B. Van Campenhout (2009). Evidence on changes in aid allocation criteria. The World Bank Economic Review, 23 (2), 185-208.
S. Claessens (2009). Competition in the financial sector: overview of competition policies. The World Bank Research Observer, 24 (1), 83-118.

2008

S. Claessens, G.R.D. Underhill & X. Zhang (2008). The political economy of Basle II: The costs for poor countries. The World Economy, 31 (3), 313-344. doi: 10.1111/j.1467-9701.2007.01090.x
S. Claessens, E. Feijen & L.A.H. Laeven (2008). Political connections and preferential access to finance: The role of campaign contributions. Journal of Financial Economics, 88 (3), 554-580.[go to publisher's site]

2007

C.A.M.F. Claessens & E.C. Perotti (2007). Finance and inequality: Channels and evidence. Journal of Comparative Economics, 35 (4), 748-773.
C.A.M.F. Claessens & J. Kreuser (2007). Stategic Foreign Reserves Risk Management: Analytical Framework. Annals of Operations Research, 152 (1), 79-113. doi: 10.1007/s10479-006-0124-6

2006

C.A.M.F. Claessens (2006). Competitive Implications of Cross-Border Banking. In G. Caprio, D.D. Evanoff & G.G. Kaufman (Eds.), Cross-Border Banking: Regulatory Challenges (pp. 151-182). New Jersey: World Scientific Publishing Co. Pte. Ltd.
C.A.M.F. Claessens (2006). The Search for Stability in an Integrated Global Financial System. In V. Bhargava (Ed.), Global Issues for Global Citizens: An Introduction to Key Development Challenges (pp. 51-70). Washington, D.C.: World Bank.
C.A.M.F. Claessens & K. Tzioumis (2006). Ownership and Financing Structures of Listed and Large Non-listed Corporations. In OECD Corporate Governance of Non-Listed Companies in Emerging Markets (pp. 39-63). Paris: OECD.
S. Claessens & K. Tzioumis (2006). Ownership and financing structures of listed and large non-listed corporations. Corporate Governance, 14 (4), 266-276.

2005

C.A.M.F. Claessens (2005). Finance and Volatility. Chapter 6. In J. Aizenman & B. Pinto (Eds.), Managing Economic Volatility and Crises: A Practitioner¿s Guide (pp. 213-280). Cambridge: Cambridge University Press.
C.A.M.F. Claessens (2005). Institutional Changes to Prevent the Recurrence of Debt Problems. In J.J. Teunissen & A. Akkerman (Eds.), Helping the Poor? The IMF and Low-Income Countries. Fondad Conference Series (pp. 139-151). The Hague, The Netherlands.
C.A.M.F. Claessens (2005). Theories of Currency and Banking, Crises: A Review of the Theories. In Early Warning Systems for Financial Crises Applications for East Asia (pp. 9-20). Houndmills, Basingstoke, UK: Palgrave Macmillan.
C.A.M.F. Claessens & J. Kreuser (2005). Strategic Foreign Reserves Risk Management: Analytical Framework. In C. Bernadell, P. Cardon, J. Coche, F.X. Diebold & S. Manganelli (Eds.), Risk Management for Central Bank Foreign Reserves (pp. 47-74). European Central Bank.
C.A.M.F. Claessens & L. Laeven (2005). Financial Dependence, Banking Sector Competition, and Economic Growth. Journal of the European Economic Association, 3 (1), 179-207.
C.A.M.F. Claessens & L. Klapper (2005). Bankruptcy around the World: Explanations of its Relative Use. American Law and Economics Review, 7 (1), 253-283.
C.A.M.F. Claessens, J. Krahnen & W.W. Lang (2005). The Basel II Reform and Retal Credit Markets. Journal of Financial Services Research, 28 (1-3), 5-13.

2003

C.A.M.F. Claessens (2003). Regulatory Reform and Trade Liberalization in Financial Services. In A. Mattoo & P. Sauvé (Eds.), Domestic Regulation and Service Trade Liberalization (pp. 129-146). Washington, D.C.: World Bank/Oxford University Press.
C.A.M.F. Claessens, G. Dobos, D. Klingebiel & L. Laeven (2003). The Growing Importance of Networks in Finance and Its Effects on Competition. In A. Nagurney (Ed.), Innovations in Financial and Economic Networks (pp. 110-135). Northampton, M.A., U.S.A.: Edward Elgar Publishers.
C.A.M.F. Claessens, S. Djankov & L. Klapper (2003). Resolution of Corporate Distress in East Asia. Journal of Empirical Finance, 10, 199-216.
C.A.M.F. Claessens & J. Fan (2003). Corporate Governance in Asia: A Survey. International Review of Finance, 3 (2), 105-129.
C.A.M.F. Claessens, S. Djankov, J. Fan & L. Lang (2003). When Does Corporate Diversification Matter to Productivity and Performance? Evidence from East Asia. Pacific-Basin Finance Journal, 11 (3), 365-392.
C.A.M.F. Claessens & L. Laeven (2003). Financial development, property rights and growth. The Journal of Finance, 58 (6), 2401-2436.
C.A.M.F. Claessens, D. Klingebiel & L. Laeven (2003). Financial Restructuring in Banking and Corporate Sector Crises, What Policies to Pursue? In M. Dooley & J. Frankel (Eds.), Currency Crises Management (pp. 147-180). NBER/University of Chicago Press.
C.A.M.F. Claessens & J-K. Lee (2003). Foreign Banks in Low-Income Countries: Recent Developments and Impacts. In J. Hanson, P. Honohan & G. Majnoni (Eds.), Globalization and National Financial Systems (pp. 109-141). Washington, D.C.: World Bank.
C.A.M.F. Claessens, S. Djankov, J. Fang & L. Lang (2003). The Benefits and Costs of Internal Markets: Evidence from East Asia¿s Financial Crisis. In J.P.H. Fan, M. Hanazaki & J. Teranishi (Eds.), Designing Financial Systems in East Asia and Japan -Toward a Twenty-First Century Paradigm (pp. 204-224). London: Routlegde.
C.A.M.F. Claessens (2003). Benefits and costs of integrated financial services provision. In R.E. Litan & R. Herring (Eds.), Brookings-Wharton Papers on Financial Services 2003 (pp. 85-139). Washington, D.C.: The Brookings Institution.

2002

C.A.M.F. Claessens, T. Glaessner & D. Klingebiel (2002). E-Finance In Emerging Markets: Is Leapfrogging Possible? In Financial Markets, Institutions and Instruments, New York University Salomon Center, Vol. 11, No. 1. Boston: Blackwell Publishing.
C.A.M.F. Claessens, S. Djankov, J. Fan & L. Lang (2002). Expropriation of Minority Shareholders in East Asia. (renamed Disentangling the Incentive and Entrenchment Effects of Large Shareholdings). The Journal of Finance, 57 (6), 2741-71.
C.A.M.F. Claessens, T. Glaessner & D. Klingebiel (2002). Electronic Finance: Reshaping the Financial Landscape Around the World. Journal of Financial Services Research, 22 (1/2), 29-61.
C.A.M.F. Claessens & S. Djankov (2002). Privatization Benefits in Eastern Europe. Journal of Public Economics, 83 (3), 307-324.
C.A.M.F. Claessens, D. Klingebiel & S. Schmulder (2002). The Future of Stock Exchanges in Emerging Markets: Evolution and Prospects. In R.E. Litan & R. Herring (Eds.), Brookings-Wharton Papers on Financial Services 2002 (pp. 167-212). Washigion D.C.: The Brookings Institution.

2001

C.A.M.F. Claessens, A. Demirgüç-Kunt & H. Huizinga (2001). How Does Foreign Entry Affect Domestic Banking Markets? Journal of Banking & Finance, 25, 891-911.
C.A.M.F. Claessens, P. Bongini & G. Ferri (2001). The Political Economy of Bank Distress: Evidence from East Asia. Journal of Financial Services Research, 19 (1), 5-25.
C.A.M.F. Claessens & K. Forbes (2001). International Financial Contagion. Boston: Kluwer Academic Press.
C.A.M.F. Claessens, S. Djankov & T. Nenova (2001). Corporate Risk around the World. In R. Glick, R. Moreno & M. Spiegel (Eds.), Financial Crises in Emerging Markets (pp. 305-338). Cambridge: Cambridge University Press.
C.A.M.F. Claessens & K. Forbes (2001). International Financial Contagion: An overview of the Issues and the Book. In C.A.M.F. Claessens & K. Forbes (Eds.), International Financial Contagion (pp. 3-17). Boston: Kluwer Academic Press.

2013

S. Claessens, G. Dell'Ariccia, D. Igan & L. Laeven (2013). A cross-country perspective on the causes of the global financial crisis. In G. Caprio, T. Beck, S. Claessens & S.L. Schmukler (Eds.), The evidence and impact of financial globalization (pp. 737-752). Boston etc.: Elsevier / Academic Press.
S. Claessens, G. Dell'Ariccia, D. Igan & L.A.H. Laeven (2013). Lessons and policy implications from the global financial crisis. In G. Caprio, T. Beck, S. Claessens & S.L. Schmukler (Eds.), The evidence and impact of financial globalization (pp. 753-761). Boston etc.: Elsevier / Academic Press.
T. Beck, S. Claessens & S.L. Schmukler (2013). Financial globalization and crises: overview. In G. Caprio, T. Beck, S. Claessens & S.L. Schmukler (Eds.), The evidence and impact of financial globalization (pp. 1-12). Boston etc.: Elsevier.

2012

S. Claessens (2012). Shedding debt. Finance and Development, 49 (2), 20-23.
S. Claessens & B. Yurtoglu (2012). Corporate governance and development - an update. (FOCUS, 10). Washington: Global Corporate Governance Forum / The International Finance Corporation.
S. Claessens (2012). How to prevent and better handle the failures of global systemically important financial institutions. In R. Baldwin & D. Vives (Eds.), Rethinking global economic governance in light of the crisis: new perspectives on economic policy foundations (pp. 75-83). London: CEPR.

2008

S. Claessens (2008). Progress in corporate governance. Korea's Economy, 24, 45-53.
S. Claessens, M.A. Kose & M.E. Terrones (2008). When crises collide. Finance and Development, 45 (4), 26-28.

2007

S. Claessens & N. van Horen (2007). Location decisions of foreign banks and competitive advantage. (extern rapport, World Bank Policy Research Working Paper, no WPS4113). Washington, D.C.: The World Bank.

2006

C.A.M.F. Claessens & L. Klapper (2006). Insolvency laws around the world: A statical analysis and rules for their design. CESIfo DICE Report, 4 (1), 9-15.

2005

G.R.D. Underhill & S. Claessens (2005). The Need for Institutional Change in the Global Financial System: an analytical framework. In J.J. Teunissen & A. Akkerman (Eds.), Protecting the poor: global financial institutions and the vulnerability of low-income countries (pp. 79-114). The Hague: FONDAD.

2003

C.A.M.F. Claessens (2003). The international financial architecture: what is new(s). Amsterdam: Vossiuspers UvA.
C.A.M.F. Claessens (2003). Corporate governance and development. In Focus 1: Corporate Governance and Development (pp. 1-44). Washington, D.C.: World Bank.
C.A.M.F. Claessens, R. Lee & J. Zechner (2003). The Future of Stock Exchanges in European Accession Countries. London: Corporation Of London/CEPR.

2002

C.A.M.F. Claessens, J. Kreuser & R.J-B. Wets (2002). Strategic Risk Management for Developing Countries: An Application to Colombia. In Proceedings of Second Inter-regional Debt Management Conference. April 3-5, 2000, Geneva (pp. 93-111).
C.A.M.F. Claessens & E. Ulgenerk (2002). Corporate Finance in Russia¿ Regions: Demand and Supply Constraints. In Unleashing Russia¿s Business Potential, Lessons from the Regions for Building Market Institutions. World Bank.

2001

C.A.M.F. Claessens, S. Djankov & A. Mody (2001). Resolution of Financial Distress. Washington D.C.: World Bank Institute.
C.A.M.F. Claessens & D. Klingebiel (2001). Competition and Scope for Financial Services. The World Bank Research Observer, 16 (1 (Spring)), 18-40.
C.A.M.F. Claessens, S. Djankov & D. Klingebiel (2001). Stock Markets in Transition Economies. In L. Bokros, A. Fleming & C. Votava (Eds.), Financial Transition in Europe and Central Asia: Challenges of the New Decade (pp. 109-137). Washington DC: World Bank.
C.A.M.F. Claessens, T. Glaessner & D. Klingebiel (2001). Finance in the New Millennium. In L. Bokros, A. Fleming & C. Votava (Eds.), Financial Transition in Europe and Central Asia: Challenges of the New Decade (pp. 221-235). Washington DC: World Bank.

2000

O.V. Carare, C.A.M.F. Claessens & E.C. Perotti (2000). Can Governments Maintain Hard Budget Contraints? Bank Lending and Financial Isolation in Romania. William Davidson Institute working paper, wp 241.
O.V. Carare, C.A.M.F. Claessens & E.C. Perotti (2000). Can governments maintain hard budget contraints? : bank lending and financial isolaton in Romania. (unknown, William Davidson Institute Working Paper, no 241). Ann Arbor, Michigan: University of Michigan Business School, William Davidson Institute.

1993

S.J.G. van Wijnbergen & C.A.M.F. Claessens (1993). Secondary market prices and Mexico's Brady Deal. The Quarterly Journal of Economics, 108 (nov), 965-983.

2007

C.A.M.F. Claessens & E.H.B. Feijen (2007). From Credit to Crops. Finance and Development, 44 (1), 35-37.

2006

C.A.M.F. Claessens (2006). Access to Financial Services: A Review of the Issues and Public Policy Objectives. The World Bank Research Observer, 21 (2), 207-240.

2005

S. Claessens & G.R.D. Underhill (2005). The need for institutional changes in the global financial system: An analytical framework. (unknown, Discussion Paper Series, no 4970). London: Centre for Economic Policy Research.
C.A.M.F. Claessens (2005). World Development Report, 2006. Equity and Development. (extern rapport). Washington D.C.: World Bank.
C.A.M.F. Claessens (2005). Book review [Review of the book The Future of Domestic Capital Markets in Developing Countries.]. Journal of Economic Literature, 43(4), 851-853.

2004

G.R.D. Underhill & S. Claessens (2004). The Need for Institutional Changes in the Global Financial System: an Analytical Framework with Application to the Debt Sustainability of Low-Income Countries. (extern rapport). Washington, DC: World Bank.

2001

C.A.M.F. Claessens, T. Glaessner & D. Klingebiel (2001). E-Finance in Emerging Markets: Is Leapfrogging Possible? Financial Sector Discussion Paper, 7 (july).

2015

C.A.M.F. Claessens, P. Honohan & L. Rojas-Suarez (2015). Policy Principles for Expanding Financial Access. (Preprints). : Center for Global Development.
C.A.M.F. Claessens & L. Ratnovski (2015). What is Shadow Banking? (Preprints). : International Monetary Fund.

2014

E. Cerutti, S. Claessens & L. Ratnovski (2014). Global Liquidity and Drivers of Cross-Border Bank Flows. (Preprints, IMF Working Papers, no WP/14/69). Washington, D.C.: International Monetary Fund.[go to publisher's site]
S. Claessens & K. Ueda (2014). Stakeholder Corporate Governance: The Combined Effects of Bank Competition and Employment Protection. (Preprints). Washington, D.C.: International Monetary Fund.[go to publisher's site]
S. Claessens & L. Kodres (2014). The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions. (Preprints, IMF Working Paper, no WP/14/16). Washington, D.C.: International Monetary Fund.
E. Cerutti & S. Claessens (2014). The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions. (Preprints, IMF Working Papers, no WP/14/180). Washington, D.C.: International Monetary Fund.[go to publisher's site]
S. Claessens & N. van Horen (2014). The Impact of the Global Financial Crisis on Banking Globalization. (Preprints, IMF Working Paper, no WP/14/197). Washington, D.C.: International Monetary Fund.
S. Claessens, S.R. Ghosh & R. Mihet (2014). Macro-Prudential Policies to Mitigate Financial System Vulnerabilities. (Preprints, IMF Working Paper, no WP/14/155). Washington, D.C.: International Monetary Fund.
S. Claessens (2014). An Overview of Macroprudential Policy Tools. (Preprints, IMF Working Papers, no WP/14/214). Washington, D.C.: International Monetary Fund.[go to publisher's site]

2009

C.A.M.F. Claessens & N. van Horen (2009). Being a foreigner among domestic banks: Asset or liability? (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
C.A.M.F. Claessens & Y. Yafeh (2009). Additions to market indices and the comovement of stock returns around the world. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
C.A.M.F. Claessens & Y. Yafeh (2009). Does Tobin's Q adjust quickly anywhere in the world? (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.
S. Claessens (2009). The financial crisis and financial nationalism. (intern rapport). Amsterdam: Faculteit Economie en Bedrijfskunde.

2008

S. Claessens & K. Ueda (2008). Banks and labor as stakeholders: Impact on economic performance. (extern rapport, IMF working paper, no 08/299). Washington, D.C.: IMF.[go to publisher's site]
S. Claessens, M.A. Kose & M.E. Terrones (2008). What happens during recessions, crunches and busts? (extern rapport, IMF working papers, no 08/274). Washington, D.C.: IMF.[go to publisher's site]

2007

C.A.M.F. Claessens & V.G. Bruno (2007). Corporate governance and regulation : can there be too much of a good thing ? (intern rapport, he World Bank Policy Research Working Paper Series, no 4140). Amsterdam: Faculteit Economie en Bedrijfskunde.
C.A.M.F. Claessens & E.H.B. Feijen (2007). Financial Sector Development and the Millennium Development Goals. (intern rapport, World Bank Working Paper, no 89). Amsterdam: Faculteit Economie en Bedrijfskunde.
C.A.M.F. Claessens, D. Cassimon & B. Van Campenhout (2007). Empirical Evidence on the New International Aid Architecture. (intern rapport, IMF Working Paper, no WP/07/277). Amsterdam: Faculteit Economie en Bedrijfskunde.

2006

S. Claessens, G.R.D. Underhill & X. Zhang (2006). The political economy of global financial governance: the costs of Basle II for poor countries. (Preprints, World Economy and Finance working paper series, no WEF 0015). London: Birkbeck College, University of London [etc.].[go to publisher's site]
C.A.M.F. Claessens & E.H.B. Feijen (2006). Financial Development anf the Millennium Development Goals. (intern rapport, NFX/World Bank Working Paper). Amsterdam: Faculteit Economie en Bedrijfskunde.
S. Claessens & N. van Horen (2006). Location decisions of foreign banks and competitive advantage. (intern rapport, World Bank Policy Research Working Paper). Amsterdam: Faculteit Economie en Bedrijfskunde.

2005

C.A.M.F. Claessens & A.K. Tzioumis (2005). Ownership and Financing Structures of Listed and Large Non-listed Corporations. (intern rapport). onbekend: Afdeling Business Studies.
C.A.M.F. Claessens & K. Forbes (2005). International Financial Contagion: The Theory, Evidence and Policy Implications. (intern rapport). onbekend: Afdeling Business Studies.
C.A.M.F. Claessens & E.C. Perotti (2005). The links between finance and inequality: channels and evidence. (intern rapport). onbekend: Afdeling Business Studies.

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