|
Updated July 2020
WORKING PAPERS:
“Selection into
Entrepreneurship and Self-Employment” (with Yona Rubinstein)
“Competition
Laws and Corporate Innovation” (with Chen Lin, Lai Wei, and Wensi
Xie)
“Competition
Laws, Norms, and Corporate Social Responsibility” (with Chen Lin
and Wensi Xie)
"Debtors at Play: Gaming
Behavior and Consumer Credit Risk" (with Shuaishuai
Gong, Chen Lin, and Wensi Xie)
"Mentally Spent:
Credit Market Conditions and Mental Health" (with Qing Hu, Chen
Lin, and Mingzhu Tai)
"Finance and Children's
Academic Performance" (with Qing Hu, Chen Lin, and Mingzhu Tai)
"Competition, Stability,
and Efficiency in the Banking Industry" (with Dean Corbae)
"Does Competition Affect
Bank Risk?" (with Liangliang Jiang and Chen Lin)
“Finance and
Pollution: Do Credit Conditions Affect Toxic Emissions?" (with
Chen Lin, Zigan Wang, and Wensi Xie)
“Pollution and
Human Capital Migration: Evidence from Corporate Executives” (with
Chen Lin and Zigan Wang)
"Do
Bank Insiders Impede Equity Issuances?" (with Martin Goetz and Luc
Laeven)
BOOKS:
Handbook of Finance and Development (with Thorsten Beck), Eds.,
Edward Elgar Publishing, 2018.
Finance and Growth, Volumes I and II (with Asli Demirguc-Kunt),
Eds., Edward Elgar Publishing, 2018.
Regulation and Governance of Financial Institutions, Volumes
I and II (with James Barth), Eds., Edward Elgar Publishing, 2016.
Guardians of Finance: Making Regulators Work for Us, (with
James Barth and Gerard Caprio), MIT Press, 2012.
Rethinking Bank Supervision and Regulation: Until Angels Govern, (with
James Barth and Gerard Caprio), Cambridge University Press, 2006.
Financial Structure and Economic Growth: A Cross-Country Comparison
of Banks, Markets, and Development, (with Asli
Demirguc-Kunt), MIT Press, 2001.
ARTICLES IN JOURNALS, BOOK CHAPTERS, ETC.:
"Deposit Supply and Bank
Transparency" (with Liangliang Jiang, Chen Lin, and Wensi Xie)
Management Science, forthcoming.
“Corporate
Immunity to the COVID-19 Pandemic” (with Wenzhi Ding, Chen Lin,
and Wensi Xie) Journal of Financial Economics, forthcoming.
"Communication
within Banking Organizations and Small Business Lending" (with
Chen Lin, Qilin Peng, and Wensi Xie) Review of
Financial Studies, forthcoming.
"Geographic Diversification
and Banks' Funding Costs" (with Chen Lin and Wensi Xie) Management
Science, forthcoming.
"Bank Networks and
Acquisitions" (with Chen Lin and Zigan Wang) Management Science,
forthcoming.
“The
African Slave Trade and Modern Household Finance” (with Chen Lin
and Wensi Xie) Economic Journal, 2020, 130(630): 1817-1841.
"Bank
Deregulation and Corporate Risk" (with Tianjiao
Jiang and Chen Lin) Journal of Corporate Finance, 2020, February.
"Cross-Border
Acquisitions: Do Labor Regulations Affect Acquirer Returns?" (with
Chen Lin and Beibei Shen) Journal of International Business Studies, 2020,
51(2): 194-217.
"Competition
and Bank Liquidity Creation" (with Liangliang Jiang and Chen Lin)
Journal of Financial and Quantitative Analysis, 2019, 54(2): 513-538.
"Corporate Resilience to
Banking Crises: The Roles of Trust and Trade Credit" (with Chen
Lin and Wensi Xie) Journal of Financial and Quantitative Analysis, 2018,
53(4): 749-800.
“Competition, Stability, and
Efficiency in Financial Markets” (with Dean Corbae) in 2018
Jackson Hole Symposium: Changing market Structure and Implications for
Monetary Policy, Kansas City Federal Reserve, forthcoming.
“Banking on Prosperity” in John W. Diamond and Geoge R. Zodrow (eds). Prospects
for Economic Growth in the United States. Cambridge University Press,
forthcoming.
“Financial
Development and Innovation-Led Growth” (with Philippe Aghion and
Peter Howitt) in Handbook of Finance and Development, Edward Elgar
Publishing, 2018.
"Introduction"
(with Thorsten Beck) in Handbook of Finance and Development,
Edward Elgar Publishing, 2018.
“Finance, Growth, and
Economic Prosperity” Macroeconomic Review. Monetary Authority of
Singapore, 2018: 82-88.
“Insider
Trading and Innovation” (with Chen Lin and Lai Wei) Journal of
Law and Economics, 2017, 60(4): 749-800.
"Smart and Illicit: Who
Becomes an Entrepreneur and Do They Earn More?" (with Yona
Rubinstein) Quarterly Journal of Economics, 2017, May, 132(2): 963-1018. Data
Appendix, Appendix Tables, Data, and Programs.
"Competition and
Bank Opacity" (with Liangliang Jiang and Chen Lin) Review of
Financial Studies, 2016, 29(7): 1911-1942.
"The European Origins of
Economic Development." (with William Easterly) Journal of Economic
Growth, 2016, 21(3): 225-257. Data in excel, Data in stata,
Stata do file
"Does the
Geographic Expansion of Banks Reduce Risk?" (with Martin Goetz and
Luc Laeven) Journal of Financial Economics, 2016, 120(2): 346-362. Data.
Program.
"Spare Tire? Stock
Markets, Banking Crises, and Economic Recoveries" (with Chen Lin
and Wensi Xie) Journal of Financial Economics, 2016, 120(1): 81-101. Data and programs.
"How Firms use
Corporate Bond Markets under Financial Globalization." (with Juan
Carlos Gozzi, Maria Soledad Martinez Peria, and Sergio Schmukler)
Journal of Banking and Finance, 2015, 58: 532-551.
"An Empirical
Examination of Patent Holdup" (with Alexander Galetovic
and Stephen Haber) Journal of Competition, Law, and Economics, 2015, 11(3):
549-578.
"Misdiagnoses
and Incomplete Cures of Financial Regulatory Failures" (with James
Barth and Gerard Caprio) in J. Barth and G. Kaufman (eds): The First Great
Financial Crisis of the 21st Century: A Retrospective, 2015, World
Scientific: Singapore and Boston.
"Financial
Innovation and Endogenous Growth." (with Luc Laeven and Stelios Michalopoulos) Journal of Financial Intermediation,
2015, January, 24(1):1–24 (lead article).
"Liberty for More:
Finance and Educational Opportunities" (with Yona Rubinstein) in
Cato Papers on Public Policy, 2014, Vol 3: 55 - 93.
“Bank
Regulatory Reforms and Racial Discrimination” (with Alexey Levkov
and Yona Rubinstein) in The Social Value of the Financial Sector: Too
Big to Fail or Just Too Big? Eds: Viral Acharya, Thorsten Beck,
Douglas Evanoff, George Kaufman, and Richard
Portes, World Scientific Studies in International Economics, 2014, 91-108.
"Bank
Deregulation and Racial Inequality in America" (with Alexey Levkov
and Yona Rubinstein) Critical Finance Review, 3(1), pp. 1-48, 2014. Lead
Article. Also, see The Economist article on this paper. Economic Focus.
"In Defense
of Wall Street: The Social Productivity of the Financial System."
in The Role of Central Banks in Financial Stability: How Has It Changed?
Eds: Douglas Evanoff, Cornelia Holthausen, George Kaufman, and Manfred Kremer, World
Scientific Studies in International Economics, 2014, 257-281.
"Aspects of
IMF Financial Sector Surveillance During the Crisis." in the
Independent Evaluation Office of the International Monetary Fund
evaluation: IMF Response to the Financial and Economic Crisis.
BP/14/08.
"Identifying
the Valuation Effects and Agency Costs of Corporate Diversification:
Evidence from the Geographic Diversification of U.S. Banks." (with
Martin Goetz and Luc Laeven) Review of Financial Studies, 2013, 26(7),
1787-1823.
"Bank
Regulation and Supervision in 180 Countries from 1999 to 2011" (with
James Barth and Gerard Caprio) Data. (For
full use of data, use Excel 2011 or later.) Journal of Financial Economic
Policy, 2013, April, 5(2), 111-220.
See the summary
in the Harvard Law School Forum and a longer discussion at the Milken
Institute, where it was distributed as a working paper under the title "Measure it, Improve it:
Bank regulation and supervision in 180 countries 1999-2011"
“Financial
Development in 205 Countries, 1960 to 2010.” (with Martin Čihák, Aslı Demirgüç-Kunt, and Erik Feyen),
Journal of Financial Perspectives, 2013, July, 1(2): 1-19. Data
"Measuring
financial development," in Vox, April 25 2013.
"The
Evolving Importance of Banks and Markets in Economic Development."
(with Asli Demirguc-Kunt and Erik Feijen) World
Bank Economic Review, 2013, 27(3): 476-490.
“The
Governance of Financial Regulation: Reform Lessons from the Recent Crisis.”
International Review of Finance, March 2012, 12(1), 39-56.
"Regulating Finance and
Regulators to Promote Growth." in 2011 Jackson Hole Economic
Policy Symposium: Achieving Maximum Long-Run Growth, Federal Reserve Bank
of Kansas City, 271-311, 2012
"Finance,
Regulation, and Inclusive Growth." in Promoting Inclusive Growth:
Challenges and Policies, Eds: Luiz de Mello and Mark Dutz,
Paris, France: OECD Publishing, 55-74, 2011.
“Comment: ‘An Empirical Analysis of the Fed’s Term
Auction Facility’” in Cato Papers on Public Policy, Ed: Jeffrey
Miron, Washington, DC: Cato Institute, 2012,
97-98.
"Forward: The Governance of Banks and Bank Regulators." (with
Gerard Caprio) in Research Handbook on International Banking and
Governance, Eds: James R. Barth, Chen Lin, and Clas
Wihlborg, Horthampton, MA: Edward Elgar
Publishing, April 2012.
"Finance, Long-Run Growth, and Economic Opportunity." in The Future
of Banking, Ed: Thorsten Beck, London, UK: Centre of Economic Policy
Research, 85-91, 2011.
"Big Bad Banks: The Winners and
Losers from Bank Deregulation in the United States." (with
Thorsten Beck and Alexey Levkov) Journal of Finance, October 2010,
1637-1667. Lead Article. Data
Appendix. Data.
“An Autopsy of the U.S.
Financial System: Accident, Suicide, or Negligent Homicide.”
Journal of Financial Economic Policy, 2010 2(3), 196-213. (Outstanding
Paper Award Winner, Literati Network Awards for Excellence 2011)
"Patterns of International
Capital Raisings." (with Juan Carlos Gozzi
and Sergio Schmukler) Journal of International
Economics, January 2010, 80(1), 45-57. (longer
working paper version)
"Financial
Innovation Boosts Economic Growth." The Economist, A Debate with
Joseph Stiglitz, February - March 2010.
"Bank Ownership Structure,
Regulation, and Risk Taking." (with Luc Laeven) Journal of
Financial Economics, 2009. (Discussed in the IMF
Research Bulletin and Vox: Governance of Banks)
Data. Program.
"Financial
Institutions and Markets: Across Countries and Over Time." (with
Thorsten Beck and Asli Demirguc-Kunt) World Bank Economic Review,
forthcoming. New
Data.
"The Sentinel: Improving the
Governance of Financial Policies." in The International Financial
Crisis: Have the Rules of Finance Changed? Eds: Asli Demirguc-Kunt, Douglas
D. Evanoff and George G. Kaufman, World
Scientific Publishing Co. Pte. Ltd, New Jersey, 2010.
“Finance, Growth,
and Opportunity: Policy Challenges.” in Challenges and Strategies
for Promoting Economic Growth, Banco de Mexico, forthcoming.
“Finance and
Inequality: Theory and Evidence.” (with Asli Demirguc-Kunt) Annual
Review of Financial Economics 1, Palo Alto, CA, December 2009, 287-318.
“Complex Ownership
Structures and Corporate Valuations.” (Appendix Tables) (with Luc
Laeven) Review of Financial Studies, 2008, April, 21(2), 579-604. Data. Program.
"Internationalization
and the Evolution of Corporate Valuations." (with Juan Carlos Gozzi and Sergio Schmukler)
Journal of Financial Economics, 2008, 88(3), June, 607-632.
“Finance, Firm Size, and Growth.”
(with Thorsten Beck, Asli Demirguc-Kunt, and Luc Laeven) Journal of Money,
Banking, and Finance, 2008, October, 40(7), 1371-1405. Data.Read. Do files.
"Bank
Regulations are Changing: For Better or Worse?" (Raw
DATA) (programs / indexes)
(longer version)(with
James Barth and Gerard Caprio) Comparative Economic Studies, 2008,
December, 50(4), 537-563.
“Review of ‘Volatility and Growth.'" by Philippe Aghion
and Abhijit Banerjee, Journal of Economic Literature, 2008, 46(2), 443.
“Finance and
Economic Opportunity.” (with Asli Demirguc-Kunt) Proceedings of
the Annual World Bank Bank Conference on
Development Economics, Washington, DC, 2008.
“Finance
and the Poor.” Manchester School, September, 2008, 76(S1), 1-13.
"Finance, Growth, and the Poor." The Financial Development
Report 2008, 2008, World Economic Forum, 27-32.
"Finance, Financial
Sector Policies, and Long-Run Growth." (with Asli Demirguc-Kunt)
Commission on Growth and Development, Working Paper No. 11, 2008,
Washington DC: The World Bank.
"The Microeconomic
Effects of Different Approaches to Bank Supervision." (with James
Barth and Gerard Caprio) in The Politics of Financial Development , Eds:
Stephen Haber, Douglass North, and Barry Weingast,
Stanford University Press, 2008, 156-188.
“Reassessing
the Rationale and Practice of Bank Regulation and Supervision After Basel
II.” (with James R. Barth and Gerard Caprio Jr.) In Current
Developments in Monetary and Financial Law, 2008, Volume 5, pp. 225-250,
Washington, DC : International Monetary Fund.
"The Design and Governance of Bank Supervision." (with James
Barth and Gerard Caprio) In Role of Central Banks in Supervision and
Regulation, Eds: A.K. Sohani and Ravi Kumar Jain
B, The Icfai University Press, 2008, 38-62.
“Special Issue:
Banking and Bank Regulation: Challenges for the Future.” (with
Thorsten Beck, Luc Laeven, and George Pennacchi)
Journal of Financial Intermediation, 2008.
“Is there a
Diversification Discount in Financial Conglomerates?” (with Luc
Laeven) Journal of Financial Economics, 2007, 85(2), August, 331-367. Data. Program. Summary Info.
“Governance
and Bank Valuation.” (with Gerard Caprio and Luc Laeven) Journal
of Financial Intermediation, 2007, 16 584-617. Data. STATA
program.
“Finance,
Inequality, and the Poor.” (Thorsten Beck and Asli Demirguc-Kunt)
Journal of Economic Growth, 2007, March, 12(1), 27-49. Variable Definitions. Data.
NBER Digest: "Financial development helps the poor."
"Migration,
Spillovers, and Trade Diversion: The Impact of Internationalization on
Domestic Market Activity." (with Sergio Schmukler)
Journal of Banking and Finance , 2007, June, 31(6), 1595-1612.
"Finance
and Opportunity." (with Asli Demirguc-Kunt) in Beyond Transition:
The Newletter about Reforming Economies, 2007,
18(2), 5-6.
"Bank
Supervision and Corruption in Lending." (with Thorsten Beck and
Asli Demirguc-Kunt) Journal of Monetary Economics, 2006, November, 53(8),
2131-2163. Data.
"Internationalization
and Stock Market Liquidity." (with Sergio Schmukler)
Review of Finance, 2006, 10, 153-187.
“Bank
Concentration, Competition, and Crises: First Results.” (T. Beck
and A. Demirguc-Kunt) Journal of Banking and Finance, 30(5), 2006,
1581-1603. Data.
NBER Digest: "Bank Concentration and Crises."
"Should Governments and
Aid Agencies Subsidize Small Firms?" in Transforming the
Development Landscape , Brookings Institution, Ed.: Lael Brainard, 2006,
66-73.
“Bank
Concentration and Fragility: Impact and Mechanics.” (Thorsten
Beck and Asli Demirguc-Kunt) in Risk of Financial Institutions, Eds: Mark
Carey and Rene Stulz, National Bureau of Economic Research, Chicago :
University of Chicago Press, 2006, 193-231. Data.
“Law,
Endowments, and Property Rights.” Journal of Economic
Perspectives, 19(3), Summer, 2005, 61-88.
“SMEs,
Growth, and Poverty: Cross-Country Evidence.” (Thorsten Beck,
Asli Demirguc-Kunt) Journal of Economic Growth, 10(3), September, 2005,
199-229. Data.
“Legal
Institutions and Financial Development.” (with T. Beck) in
Handbook for New Institutional Economics, Eds: Claude Menard and Mary M.
Shirley, Norwell MA: Kluwer Academic Publishers, 2005.
"Law
and Firms' Access to Finance." (Thorsten Beck and Asli
Demirguc-Kunt) American Law and Economics Review 7(1), Spring 2005, 211-52.
“Finance and
Growth: Theory and Evidence.” in Handbook of Economic Growth, Eds:Philippe Aghion and Steven Durlauf, The
Netherlands: Elsevier Science, 2005.
“Does Foreign
Direct Investment Accelerate Economic Growth?” (with Maria
Carkovic) in Does Foreign Direct Investment Promote Development ",
Eds: Theodore H. Moran, Edward M. Graham, and Magnus Blomstrom
, Washington , DC : Institute for International Economics, pp. 195-220,
2005.
"Bank
Regulation and Supervision." NBER Reporter, Fall 2005
"Regulating
Banks: What Really Works." (James Barth and Gerard Caprio) Milken
Institute Review, 7, 56-79, 2005.
“Aid,
Policies, and Growth.” (W. Easterly and D. Roodman)
American Economic Review, 94(3), June, 2004, 774-780. Data.
“Bank Regulation and
Supervision: What Works Best?” (with James Barth and Gerard
Caprio) Journal of Financial Intermediation, 13, 2004, 205-248. Data.
“Bank
Concentration and Competition: An Evolution in the Making.” (with
A. Berger, A. Demirguc-Kunt, and J.G. Haubrich)
Journal of Money, Credit, and Banking, 36(3), June, 2004, 433-452.
“Regulations,
Market Structure, Institutions, and the Cost of Financial Intermediation.”
(with A. Demirguc-Kunt and L. Laeven) Journal of Money, Credit, and
Banking, 36(3), June, 2004, 593-622. (STATA -data) (STATA-program)
“Stock Markets,
Banks, and Growth: Panel Evidence.” (with Thorsten Beck) Journal
of Banking and Finance, 28, 2004, 423-442. Data.
“Denying
Foreign Bank Entry: Implications for Bank Interest Margins.” in
Bank Market Structure and Monetary Policy Eds: Luis Antonio Ahumada and J. Rodrigo Fuentes, Santiago, Chile: Banco
Central de Chile, 2004, pp. 271-292.
“The
Corporate Governance of Banks: A Concise Discussion of Concepts and Issues.”
in Global Corporate Governance Forum Washington, D.C. (www.gcgf.org) and
The Certified Accountant, 18, April, 2004.
“Tropics, Germs, and Crops:
How Endowments Influence Economic Development.” (with William
Easterly) Journal of Monetary Economics, 2003, 50(1), 3-40. Data.
“Law, Endowments, and Finance.”
(with Thorsten Beck and Asli Demirguc-Kunt) Journal of Financial Economics,
70, 2003, 137-181. Data.
“Law and Finance: Why
Does Legal Origin Matter?” (with Asli Demirguc-Kunt and Thorsten
Beck) Journal of Comparative Economics, 31(4), December, 2003, 653-676. Data.
“More
on Finance and Growth: More Finance, More Growth?” Federal
Reserve Bank of St. Louis Review, 85(4), 2003, 31-46.
“Bank Regulation and Supervision: Lessons From a New
Database.” (James R. Barth and Gerard Caprio, Jr.) in Macroeconomic Stability,
Financial Markets, and Economic Development, Ed. Jose Antonio Murillo
Garza, Mexico, City: Banco de Mexico, 2003.
"Stock
Market Liquidity and Economic Growth: Theory and Evidence." in
Finance, Research, and Education, and Growth eds. Luigi Paganetto
and Edmund S. Phelps, New York: Palgrave MacMillan, 2003, 1-24.
“Napoleon, Bourses,
and Growth: With A Focus on Latin America.” in Market-Augmenting
Government: The Institutional Foundations for Prosperity, Eds. Omar Azfar and Charles A. Cadwell.
Ann Arbor, MI: University of Michigan Press, 2003, pp. 49-85.
Comment: “Monetary
Policy with International Currencies and the Road to Dollarization.”
by Alberto Trejos in The Future of Central
Banking, Cleveland Federal Reserve Bank, 2002.
“Industry
Growth and Capital Allocation: Does Having a Market- or Bank-Based System
Matter?” (with Thorsten Beck) Journal of Financial Economics,
2002. Data.
“Bank-Based or
Market-Based Financial Systems: Which is Better?” Journal of
Financial Intermediation, 2002, 11, 1-30. (Selected as Outstanding Paper of
the year by the Milken Institute Award, 2001) Data.
“International
Financial Integration and Economic Growth.” (with Hali Edison,
Luca Ricci, and Thorsten Slok) Journal of
International Money and Finance, 2002, 21, 749-776.
“Corporate
Governance in Finance: Concepts and International Observations.”
(with Gerard Caprio) in Financial Sector Governance: The Roles of Private
and Public Sectors. Eds: Robert E. Litan, Michael
Pomerleano, V. Sundararajan (Washington, D.C.:
Brookings Institution Press) 2002, 17-50.
“Finance
and Growth: New Evidence and Policy Analyses for Chile.” (with
Maria Carkovic) in Economic Growth: Sources, Trends, and Cycles, Eds.:
Norman Loayza and Raimundo Soto, Central Bank of
Chile, 2002.
Article: “A
‘Cookie-Cutter’ Approach Is the Wrong Way for Countries to
Regulate and Supervise Banks.” (with James Barth and Gerard
Caprio), Capco Institute Journal, 2002.
"The Impact
of Inflation on Financial Sector Performance." (with John H. Boyd
and Bruce D. Smith) Journal of Monetary Economics, 2001, 47, pp. 221-248.
(Bank data) (Stock Market data)
“It’s Not
Factor Accumulation: Stylized Facts and Growth Models.” (with
William Easterly) World Bank Economic Review, 15, 2001, pp. 177-219. Data.
Also Reprinted in Economic Growth:Sources,
Trends, and Cycles, eds. Norman Loayza and Raimumdo Soto, Banco Central de Chile, 2002.
“How Much
Bang For The Buck? Mexico and Dollarization.” (with Maria
Carkovic) Journal of Money, Credit, and Banking, May 2001, 33(2.2), pp.
339-363.
“International
Financial Liberalization and Economic Growth.” Review of
International Economics, 9(4), November 2001, pp. 684-698.
“Legal Theories of
Financial Development.” (with Thorsten Beck and Asli
Demirguc-Kunt) Oxford Review of Economic Policy, 17(4) Winter 2001, pp.
483-501.
“Financial Structure
and Economic Growth: Perspectives and Lessons.” (with Asli
Demirguc-Kunt) in Financial Structure and Economic Growth: A Cross-Country
Comparison of Banks, Markets, and Development, Eds. Asli Demirguc-Kunt and
Ross Levine. Cambridge, MA: MIT Press, 2001.
“The
Financial Structure Database.” (with Thorsten Beck and Asli
Demirguc-Kunt) in Financial Structure and Economic Growth: A Cross-Country
Comparison of Banks, Markets, and Development, Eds. Asli Demirguc-Kunt and
Ross Levine. Cambridge, MA: MIT Press, 2001.
“Bank-Based
and Market-Based Financial Systems: Cross-Country Comparisons.” (with
Asli Demirguc-Kunt) in Financial Structure and Economic Growth: A
Cross-Country Comparison of Banks, Markets, and Development, Eds. Asli
Demirguc-Kunt and Ross Levine. Cambridge, MA: MIT Press,
2001.
“Financial
Structure and Economic Development: Firm, Industry, and Country Evidence.”
(with Thorsten Beck, Asli Demirguc-Kunt, and Vojislav Maksimovic) in
Financial Structure and Economic Growth: A Cross-Country Comparison of
Banks, Markets, and Development, Eds. Asli Demirguc-Kunt and Ross Levine.
Cambridge, MA: MIT Press, 2001.
"Banking
Systems Around the Globe: Do Regulation and Ownership Affect Performance
and Stability?" (with James Barth and Gerard Caprio) in Financial
Supervision and Regulation: What Works and What Doesn’t? Ed.
Frederick Mishkin, NBER, 2001.
“Financial
Regulation and Performance: Cross-Country Evidence.” in Banking,
Financial Integration and International Crises, (with James Barth and
Gerard Caprio) eds. Hernandez, Leonardo and Schmidt-Hebbel, Klaus. Central
Bank of Chile, 2001.
“Growth and Dollarization.” (with Maria
Carkovic) in Optimal Monetary Institutions for Mexico, Eds. Alejandro
Hernandez Delgado, Elisabeth Huybens, Macro del
Negro. Mexico: Fondo de Cultura
Economica, 2001.
"The
Regulation and Supervision of Banks Around the World: A New Database."
(with James R. Barth and Gerard Caprio, Jr.), Brookings-Wharton Papers on
Financial Services 2001, Robert E. Litan and
Richard Herring, Editors, Washington, DC: Brookings Institution Press,
2001, pp.183-240. Data.
Article: “Choosing
Regulations That Work.”(with James Barth and Gerard Caprio),
Financial Regulator, London, U.K. “ Central Banking Publications
Limited, 6(3), pp. 43-49, 2001.
“Financial
Intermediation and Growth: Causality and Causes.” (with Thorsten
Beck and Norman Loayza) Journal of Monetary Economics,
August, 46, 2000, pp. 31-77. Data.
Also reprinted in Banking, Financial Integration and International Crises,
eds. Hernandez, Leonardo and Schmidt-Hebbel, Klaus. Central Bank of Chile,
2001.
“Finance and
the Sources of Growth.” (with Thorsten Beck and Norman Loayza) Journal of Financial Economics, October,
58(1-2), 2000, 261-300. Data.
“A New DataBase on Financial Development and Structure.”
(with Thorsten Beck and Asli Demirguc-Kunt) World Bank Economic Review,
September 2000, 14(3), pp.597-605. Link to Data
“Son Mejores Los Sistemas Financieros Basados en el Sistem Bancario o Los Basados en el Mercado Bursatil?” Economia Chilena,
3(1), April 2000, pp. 25-56.
Comment on “Financial
Markets, Financial Flows, and Economic Growth in LDCs” by Maxwell
Fry in The Determinants of Economic Growth, Eds. M.S. Oosterbaan, Thijs de
Ruyter van Steveninck, and N. van der Windt. (Boston, MA: Kluwer Academic Publishers) 2000,
p. 162-164.
Article: “Bank
Concentration: Chile and International Comparisons.” Banco
Central de Chile, Documentos de Trabajo N° 62, January, 2000.
“Law,
Finance, and Economic Growth.” Journal of Financial
Intermediation, 1999. (Selected as Best Paper in 1999 by JFI).
"Financial Development
and Growth: Where Do We Stand?" Analisis
Economico, December 1999, 26(2), pp. 113-136.
"Banks,
Markets, and Structure: Implications and Determinants." in Banks
and Capital Markets, eds: Burki, Shahid Javed and Perry, Guillermo E. Washington, D.C.: World
Bank, June 1999, pp. 29-50.
Book Review of "Creating
Resilient Financial Regimes in Asia." edited by Priya Basu. Oxford University Press, 1999, Journal of
Economic Literature.
"Stock
Markets, Banks, and Economic Growth." (with Sara Zervos), June
1998, American Economic Review. Data.
"The
Legal Environment, Banks, and Long-Run Economic Growth." August
1998, Journal of Money, Credit, and Banking.
"Capital
Control Liberalization and Stock Market Development." (with Sara
Zervos), July, 1998, World Development. (Annex of Liberalization Events)
"Troubles
with the Neighbors: Africa’s Problems, Africa’s Opportunities."
(with William Easterly) Journal of African Economics, January 1998,7(1),
pp. 120-142.
"Opening to Foreign
Banks: Issues of Efficiency, Stability, and Growth." (with Asli
Demirguc-Kunt and Hong G. Min) in The Implications of Globalization of
World Financial Markets, ed. Seongtae Lee, Seoul,
Korea: The Bank of Korea, 1998.
Book Review of "Determinants
of Economic Growth: A Cross-Country Empirical Study." by Robert J.
Barro. The MIT Press, December 1998, Journal of Comparative Economics.
"Comment:
'Financial Structure, Investment, and Growth' by Stanley Black and Mathias
Moersch.'" in Which Way Ahead for European Financial Markets: The
German or the Anglo-Saxon Model? Ed.: Stanley Black and Mathias Moersch,
Cambridge University Press, 1998.
"Africa's Growth Tragedy:
Policies and Ethnic Divisions." (with William Easterly), Quarterly
Journal of Economics, November 1997. Data.
"Financial
Development and Economic Growth: Views and Agenda." Journal of
Economic Literature, June 1997.
"Marco Legal
Y Finanzas: Una Estrategia
de Reforma para Estimular
El Crecimiento de la Productividad
en Mexico." in Perspectivas
del Sistema Financiero Mexicano:
Su Papel en la Movilizacion de Recursos para el Esarrollo
(November 1997), Instituto Mexicano de Executivos de Finanzas.
"Financial
Functions, Institutions, and Growth." in Sequencing? Financial
Strategies for Developing Countries, Eds.: Allison Harwood and Bruce L.R.
Smith, Washington, D.C.: Brookings Institution Press, 1997.
Magazine: “Stock
Markets, Economic Development, and Capital Control Liberalization.”
in PERSPECTIVES, Investment Company Institute, December 1997.
Magazine: "Stock
Markets: A Spur to Economic Growth." in ASX Perspective, 1997.
Book Review of "Growth,
Trade, and Endogenous Technology: A Study of OECD Manufacturing."by Orlando A. Ochoa. St.Martin’s
Press, 1997, Journal of Economic Literature.
"Stock Markets,
Corporate Finance, and Economic Growth: An Overview." (A.
Demirguc-Kunt), World Bank Economic Review, May 1996.
"Stock Market
Development and Financial Intermediaries: Stylized Facts." (A.
Demirguc-Kunt), World Bank Economic Review, May, 1996.
"Stock Market Development
and Long Run Growth." (with Sara Zervos), World Bank Economic
Review, May 1996.
"Financial
Sector Policies: Analytical Framework and Research Agenda." in
Financial Development and Economic Growth: Theory and Experiences from
Developing Countries, eds. Niels Hermes and Robert Lensink,
London: Routledge, 1996.
"The
Financial System and Public Enterprise Reform: Concepts and Cases."
(with A. Demirguc-Kunt) in Financial Development and Economic Growth:
Theory and Experiences from Developing Countries, eds. N. Hermes and R. Lensink, London: Routledge, 1996.
"Foreign
Banks, Financial Development, and Economic Growth." in International
Financial Markets: Harmonization versus Competition, ed., Claude E.
Barfield, Washington, D.C.: The AEI Press, 1996.
Magazine: "Stock Markets: A
Spur to Economic Growth." in Finance and Development, March 1996.
Magazine: "Stock
Markets, Corporate Finance, and Economic Growth." in Development
Economic Notes, 1996.
"Es Importante el Sistema Financiero?"
in Crecimiento Economico:
Teoria, Instituciones Y Experiencia
Internacional, Eds. Monica Aparicio and William
Easterly, Banco de la Republica, Colombia with
cooperation from the World Bank, 1995.
Magazine: "Market
Liquidity: A Financial Elixir for Growth." in Emerging Markets
Investor, October 1995, p. 43-46
"Reforming Finance in
Transitional Socialist Economies: Avoiding the Path From Shell Money to
Shell Games." (with Gerard. Caprio) World Bank Research Observer,
January 1994, 9(1), 1-26.
"Capital
Fundamentalism, Economic Development, and Economic Growth." (with
Robert G. King) Carnegie-Rochester Public Policy Conference Series, Vol.
40, June, 1994, 259-292.
"Government
Insurance and Financial Intermediaries: Issues of Regulation, Evaluation,
and Monitoring." in Financial Sector Reforms, Economic Growth, and
Stability: Experiences in Selected Asian and Latin American Countries, ed.,
Shakil Faruqi, Economic Development Institute,
1994.
"What
We Know about Policy and Growth from Cross Sectional Analysis."
(with Sara Zervos) in Economic Growth and the Structure of Long-Term
Development, (p. 22-44) eds. Robert Solow and Luigi Pasinetti, U.K.:
MacMillan Press, 1994.
"Policy,
Technology Adoption and Growth." (with W. Easterly, R. G. King,
and S. Rebelo) in Economic Growth and the
Structure of Long-Term Development, eds. Robert Solow and Luigi Pasinetti,
U.K.: MacMillan Press, 1994.
Book review of "Finance
and Development: Issues and Experience," ed. Alberto Giovannini, in Journal of International Economics,
37(3/4) November 1994.
"What We Have
Learned About Policy and Growth From Cross-Country Regressions."
(with Sara Zervos) American Economic Review, May, 1993.
"Finance and Growth:
Schumpeter Might Be Right." (with Robert G. King), Quarterly
Journal of Economics, Vol. 153, August 1993, 717-738. Reprinted in
International Library of Critical Writings in Economics: Economic Growth:
Theory and Practice, Gene Grossman, ed., London: Edward Elgar Publishing.
"Finance,
Entrepreneurship, and Growth: Theory and Evidence." (with Robert
G. King) Journal of Monetary Economics, December (1993), 32(3), 513-542.
"Old
Debts and New Beginnings: A Policy Choice in Transitional Socialist
Economies." (with David Scott) World Development, March 1993, Vol
21.3.
"Financial
Structures and Economic Development." Revista
de Analisis Economico,
June 1993, Vol 8.1, 113-129.
"Financial
Intermediation and Economic Development." (with Robert G. King) in
Capital Markets and Financial Intermediation, eds. Colin Mayer and Xavier
Vives, Cambridge, U.K.: Cambridge University Press, 1993
"Comment:
'Quality Ladders, Growth, and R&D: An Assessment from U.S. Industry.'"
by Kirk Phillips in Carnegie-Rochester Conference Series, 38, 1993.
"Comment: 'Asset
Pricing and Portfolio Diversification: Evidence from Emerging Markets.'"
by Giorgio De Santis in Portfolio Investment in
Developing Countries, pg. 153-154, eds. Stijn Claessens and Sudarshan Gooptu, 1993, (World Bank Discussion Paper, No. 228).
"A Sensitivity Analysis
of Cross Country Growth Regressions." (with David Renelt) American
Economic Review, September 1992, 942-963. Reprinted in International
Library of Critical Writings in Economics: Economic Growth: Theory and Practice,
Gene Grossman, ed., London: Edward Elgar Publishing.
"Financial
Intermediaries and Growth: Theory and Evidence." Journal of the
Japanese and International Economies, December, 6, 1992.
"Stock
Markets, Growth, and Tax Policy." Journal of Finance, 46,
September 1991, p. 1445-65.
"An
Empirical Inquiry into the Nature of the Forward Exchange Rate Bias."
Journal of International Economics, 30, May 1991, p. 359-69.
"An
International Arbitrage Pricing Model with PPP Deviations."
Economic Inquiry, 27, October 1989, p. 587-99.
"The Pricing of Forward
Exchange Rates." Journal of International Money and Finance, 8,
June 1989, p. 163-79.
"The Capital Flight
'Problem.'" (with David B. Gordon), The World Economy, June 1989,
p. 237-252.
|
|
|
