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Dell'Ariccia, Giovanni; Ferreira, Caio; Jenkinson, Nigel; … - 2018

This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We find that banks and sovereigns are linked by three interacting channels: banks hold large amounts of sovereign debt; banks are protected...

Persistent link: https://www.econbiz.de/10011901498

Do bank insiders impede equity issuances?

Götz, Martin; Laeven, Luc; Levine, Ross - 2021

We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....

Persistent link: https://www.econbiz.de/10012418825

Banking crises, financial dependence and growth

Kroszner, Randall S.; Laeven, Luc; Klingebiel, Daniela - 2006

Persistent link: https://www.econbiz.de/10003322647

Monetary policy, leverage, and bank risk-taking

Dell'Ariccia, Giovanni; Laeven, Luc; Marquez, Robert - 2011

Persistent link: https://www.econbiz.de/10008859048

Understanding financial crises : causes, consequences, and policy responses

Claessens, Stijn; Kose, M. Ayhan; Laeven, Luc; … - 2013

Persistent link: https://www.econbiz.de/10009715166

Monetary policy, macroprudential policy and financial stability

Laeven, Luc; Maddaloni, Angela; Mendicino, Caterina - 2022

Recent research developed under the ECB research task force on Monetary Policy, Macroprudential Policy and Financial Stability highlights the existence of trade-offs and spillovers that monetary policy and macroprudential authorities face when deciding on their policy interventions, Monetary...

Persistent link: https://www.econbiz.de/10012822172

Investing in crises

Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021

We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...

Persistent link: https://www.econbiz.de/10012518234

The flight home effect : evidence from the syndicated loan market during financial crises

Giannetti, Mariassunta; Laeven, Luc - 2011

Persistent link: https://www.econbiz.de/10009012197

Collateral booms and information depletion

Martin, Alberto; Asriyan, Vladimir; Laeven, Luc - 2018

Persistent link: https://www.econbiz.de/10012099248

The procyclicality of banking : evidence from the euro area

Huizinga, Harry; Laeven, Luc - 2019

Loan loss provisions in the euro area are negatively related to GDP growth, i.e., they are procyclical. Loan loss … procyclicality in the euro area is about twice as large as in other advanced economies. This difference reflects a larger … procyclicality of provisioning in euro area countries already prior to euro adoption, and the divergent growth experiences of euro …

Persistent link: https://www.econbiz.de/10012015566