Deposit Insurance around the World: Issues of Design and Implementation, co-edited with Asli Demirguc-Kunt and Edward J. Kane, Cambridge, MA: MIT Press.

A Reader in International Corporate Finance, Two volumes, co-edited with Stijn Claessens, World Bank, 2006.  Contains a collection of 23 of the most influential articles published in recent years on international corporate finance and offers an overview of the current thinking on six topics: law and finance, corporate governance, banking, capital markets, capital structure and financing constraints, and the political economy of finance. This reader is ideal for use in advanced corporate finance courses or MBA courses.

Systemic Financial Distress: Containment and Resolution, co-edited with Patrick Honohan, Cambridge, UK: Cambridge University Press, 2005. [An annotation of the book appeared in the March 2006 issue of the Journal of Economic Literature, pp. 230]

Managing the Real and Fiscal Effects of Banking Crises, co-edited with Daniela Klingebiel, World Bank Discussion Paper No. 428, Washington, DC, 2003.

Articles

“Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden” (with M. Giannetti), Review of Financial Studies, October 2009.

“Bank Governance, Regulation, and Risk-Taking” (with R. Levine), Journal of Financial Economics, August 2009.

“Corporate Governance Norms and Practices” (with V. Chhaochharia), Journal of Financial Intermediation, July 2009.

“The Impact of Organizational Structure and Lending Technology on Banking Competition” (with H. Degryse and S. Ongena), Review of Finance, April 2009.

“Finance, Firm Size, and Growth” (with T. Beck, A. Demirguc-Kunt, and R. Levine), Journal of Money, Credit, and Banking, October 2008.

“Banking and Bank Regulation: Challenges for the Future” (with T. Beck, R. Levine, and G. Pennacchi), Journal of Financial Intermediation, October 2008.

“Determinants of Deposit-Insurance Adoption and Design” (with A. Demirgüç-Kunt and E.J. Kane), Journal of Financial Intermediation, July 2008.

“International Profit Shifting within European Multinationals” (with H. Huizinga), Journal of Public Economics, June 2008.

“Political Connections and Preferential Access to Finance: The Role of Campaign Contributions” (with S. Claessens and E. Feijen), Journal of Financial Economics, June 2008.

“Corporate Governance Quality in Asia: Comparative Trends and Impact” (with G. De Nicolò and K. Ueda), Journal of Financial Intermediation, April 2008.

“Capital Structure and International Debt Shifting in Europe” (with H. Huizinga and G. Nicodème), Journal of Financial Economics, April 2008.

“Complex Ownership Structures and Corporate Valuations” (with R. Levine), Review of Financial Studies, April 2008.

“The Quality of the Legal System and Firm Size” (with C. Woodruff), Review of Economics and Statistics, November 2007.

“Governance and Bank Valuation” (with G. Caprio and R. Levine), Journal of Financial Intermediation, October 2007.

“Is There a Diversification Discount in Financial Conglomerates?” (with R. Levine), Journal of Financial Economics, August 2007.

“International Portfolio Diversification Benefits: Cross-Country Evidence from a Local Perspective” (with J. Driessen), Journal of Banking and Finance, June 2007.

“Banking Crises, Financial Dependence, and Growth” (with D. Klingebiel and R. Kroszner), Journal of Financial Economics, April 2007.

“Entry Regulation as a Barrier to Entrepreneurship” (with L. Klapper and R. Rajan), Journal of Financial Economics, December 2006.

“The Determinants of Financing Obstacles” (with T. Beck, A. Demirgüç-Kunt, and V. Maksimovic), Journal of International Money and Finance, October 2006.

“Institutions and Growth in Transition Economies” (with T. Beck), Journal of Economic Growth, June 2006.

“Corporate Governance Provisions and Firm Ownership: Firm-Level Evidence from Eastern Europe” (with L. Klapper and I. Love), Journal of International Money and Finance, April 2006.

“Does Judicial Efficiency Lower the Cost of Credit?” (with G. Majnoni), Journal of Banking and Finance, July 2005.

“Financial Sector Competition, Financial Dependence, and Growth” (with S. Claessens), Journal of the European Economic Association, March 2005.

“The Political Economy of Deposit Insurance”. Journal of Financial Services Research, December 2004.

“Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation” (with A. Demirguc-Kunt and R. Levine), Journal of Money, Credit, and Banking, June 2004.

“What Drives Bank Competition ? Some International Evidence” (with S. Claessens), Journal of Money, Credit, and Banking, June 2004.

“Financial Development, Property Rights, and Growth” (with S. Claessens), Journal of Finance, December 2003. 

“How Country and Safety-Net Characteristics Affect Bank Risk-Shifting” (with A. Hovakimian and E. Kane), Journal of Financial Services Research, June 2003 (lead article).

“Loan Loss Provisioning and Economic Slowdowns: Too Much, Too Late?” (with Giovanni Majnoni), Journal of Financial Intermediation, April 2003.

“Does Financial Liberalization Reduce Financing Constraints?”, Financial Management, Winter 2002 (lead article). (Finalist (third place) for the 2004 Addison-Wesley prize)

“Bank Risk and Deposit Insurance”, World Bank Economic Review, June 2002.

“How Good is the Market at Assessing Bank Fragility? A Horse Race Between Different Indicators” (with P. Bongini and G. Majnoni), Journal of Banking and Finance, May 2002.

“Insider Lending and Bank Ownership: The Case of Russia”. Journal of Comparative Economics, June 2001 (lead article).

Book Chapters and Monographs

“The Relationship between the Recent Boom and the Current Delinquencies in Subprime Mortgages”, with Giovanni Dell’Ariccia and Deniz Igan, In: Andrew Felton and Carmen Reinhart (Eds.), The First Global Financial Crisis of the 21st Century, Section 1, pp. 7-10, UK, London: CEPR, July 2008.

“Deposit Insurance Design and Implementation: Policy Lessons from Research and Practice”, with Asli Demirguc-Kunt and Edward Kane, In: Demirguc-Kunt, Asli, Edward Kane, and Luc Laeven (Eds.), Deposit Insurance, Chapter 1, Cambridge, MA: MIT Press, 2008.

“Determinants of Deposit Insurance Adoption and Design ”, with Asli Demirguc-Kunt and Edward Kane, In: Demirguc-Kunt, Asli, Edward Kane, and Luc Laeven (Eds.), Deposit Insurance, Chapter 2, Cambridge, MA: MIT Press, 2008.

“Pricing of Deposit Insurance”, In: Demirguc-Kunt, Asli, Edward Kane, and Luc Laeven (Eds.), Deposit Insurance, Chapter 3, Cambridge, MA: MIT Press, 2008.

“Resolution of Failed Banks by Deposit Insurers: Cross-Country Evidence”, with Thorsten Beck, In: Demirguc-Kunt, Asli, Edward Kane, and Luc Laeven (Eds.), Deposit Insurance, Chapter 4, Cambridge, MA: MIT Press, 2008.

“Discussion of Landscape of International Banking and Financial Crises”, In: Evanoff, Douglas, George G. Kaufman. and John R. LaBrosse, and (Eds.), International Financial Instability: Global Banking and National Regulation, World Scientific Studies in International Economics Vol. 2, pp. 97-106, Singapore: World Scientific, 2007.

“Introduction”, with Patrick Honohan, In: Patrick Honohan and Luc Laeven (Eds.), Systemic Financial Distress: Containment and Resolution, Chapter 1, Cambridge: Cambridge University Press, Forthcoming.

“Financial Crisis Policies and Resolution Mechanisms: A Taxonomy from Cross-Country Experience”, with Charles Calomiris and Daniela Klingebiel, In: Patrick Honohan and Luc Laeven (Eds.), Systemic Financial Distress: Containment and Resolution, Chapter 2, Cambridge: Cambridge University Press, Forthcoming.

“Crisis Resolution, Policies, and Institutions: Empirical Evidence”, with Stijn Claessens and Daniela Klingebiel, In: Patrick Honohan and Luc Laeven (Eds.), Systemic Financial Distress: Containment and Resolution, Chapter 6, Cambridge: Cambridge University Press, Forthcoming.

“Competition in the Financial Sector and Growth: A Cross-Country Perspective” with Stijn Claessens, In: Charles Goodhart (Ed.), Financial Development and Economic Growth: Explaining the Links, Chapter 3, pp. 66-105, Palgrave MacMillan, London, United Kingdom, 2004.

“The Growing Importance of Networks in Finance and Its Effects on Competition”, with Stijn Claessens, Gergely Dobos, and Daniela Klingebiel, In: Anna Nagurney (Ed.), Innovations in Financial and Economic Networks, Chapter 6, pp. 110-135, Edward Elgar Publishers, Northampton, MA, 2003.

“International Portfolio Diversification Benefits: Cross-Country Evidence”, with Joost Driessen, In: J. Hanson, P. Honohan, and G. Majnoni (Eds.), Globalization and National Financial Systems, Chapter 7, World Bank, Oxford University Press, 2003.

“Financial Restructuring in Banking and Corporate-Sector Crises: What Policies to Pursue?”, with Stijn Claessens and Daniela Klingebiel, In: Michael P. Dooley and Jeffrey A. Frankel (Eds.), Managing Currency Crises in Emerging Markets, The University of Chicago Press, 2003. Reprinted in: Dilip K. Das (Ed.), An International Finance Reader, Chapter 22, 2003. Also: NBER Working Paper No. 8386.

Other

“Sound Policies to Resolve Financial System Stress and Restore Sound Financial Intermediation”, in: World Economic Outlook, International Monetary Fund, October 2008.

“Policy Choices to Deal with the Distress of Financial Institutions”, The China Banker, March 2006.

Working Papers and Work in Progress

“The Investment Allocation of Sovereign Wealth Funds”, with Vidhi Chhaochharia.

“Investment and Location of Multinational Firms”, with Salvador Barrios, Harry Huizinga, and Gaetan Nicodeme.

“Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market”, with Giovanni dell'Ariccia and Deniz Igan.

“The Use of Blanket Guarantees in Banking Crises”, with Fabian Valencia. IMF Working Paper No. 08/250 , October 2008.

"Systemic Banking Crises: A New Database", with Fabian Valencia. IMF Working Paper No. 08/224, August 2008. Featured in “Beyond crisis management”, Economics Focus, The Economist, Sept 18, 2008.

"Resolution of Banking Crises: The Good, the Bad, and the Ugly", with Fabian Valencia. IMF working paper 10/146, June 2010.