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Bankruptcy Around the World : Explanations of its Relative Use

Claessens, Stijn; Klapper, Leora F. - 2004

also highlighted the importance of insolvency systems to resolve corporate sector financial distress. The literature and … investigate the effects of specific design features of insolvency regimes in relation to the quality of the countries' overall … system. These findings suggest that there are important incentive effects of insolvency systems encouraging less risky …

Persistent link: https://www.econbiz.de/10014085310

The Impact of the Global Financial Crisis on Banking Globalization

Claessens, Stijn - 2015

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign...

Persistent link: https://www.econbiz.de/10013028328

Foreign Banks : Trends, Impact and Financial Stability

Claessens, Stijn - 2012

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...

Persistent link: https://www.econbiz.de/10013111348

Foreign Banks : Trends, Impact and Financial Stability

Claessens, Stijn - 2012

Using a new, comprehensive database on bank ownership, identifying also the home country of foreign banks, for 137 countries over the period 1995-2009, this paper provides an overview of foreign bank activity and its impact of financial development and stability. We document substantial...

Persistent link: https://www.econbiz.de/10013113121

Foreign Banks : Trends, Impact and Financial Stability

Claessens, Stijn - 2012

Persistent link: https://www.econbiz.de/10013116464

Resolution of Corporate Distress : Evidence from East Asia's Financial Crisis

Klapper, Leora - 1999

June 1999 - Evidence from East Asia suggests that a firm's ownership relationship with a family or bank provides insurance against the likelihood of bankruptcy during bad times, possibly at the expense of minority shareholders. Bankruptcy is more likely in countries with strong creditor rights...

Persistent link: https://www.econbiz.de/10010524704