Laeven, Luc

Research
Current position
Director General
Fields of interest
Financial Economics,
International Economics,
Macroeconomics and Monetary Economics
Other current responsibilities
Education
Professional experience
Teaching experience
Awards
ECB Working Paper Series
2021
2020
Monetary and macroprudential policy complementarities: evidence from European credit registers
No 2504
No 2504
2019
2018
2016
2011
ECB Research bulletin
Journal publications
2019
Bank Capital: A Seawall Approach
International Journal of Central Banking
The Procyclicality of Banking: Evidence from the Euro Area
IMF Economic Review, Vol. 67(3), pp. 496–527
2018
2017
Waking Up from the American Dream: On the Experience of Young Americans during the Housing Boom of the 2000s
Journal of Money, Credit, and Banking, Vol. 49(5), 861–895
The Use and Effectiveness of Macroprudential Policies: New Evidence
Journal of Financial Stability, Vol. 28, pp. 203–224
Bank Leverage and Monetary Policy’s Risk-Taking Channel: Evidence from the United States
Journal of Finance, Vol. 72(2), 613–654
2016
Political Foundations of the Lender of Last Resort: A Global Historical Narrative
Journal of Financial Intermediation, Vol. 28, pp. 48–65
Does the Geographic Expansion of Banks Reduce Risk?
Journal of Financial Economics, Vol. 120(2), pp. 346–362
A Lost Generation? Education Decisions and Employment Outcomes during the Housing Boom-Bust Cycle of the 2000s
American Economic Review, Vol. 106(5), pp. 630–635
2015
2014
2013
Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of U.S. Banks
Review of Financial Studies, Vol. 26(7), pp. 1787-1823
The Real Effects of Financial Sector Interventions during Crises
Journal of Money, Credit and Banking, Vol. 45(1), pp. 147–177
2012
Bank valuation and accounting discretion during a financial crisis
Journal of Financial Economics, Vol. 106(3), pp. 614–634
Flight Home, Flight Abroad, and International Credit Cycles
American Economic Review, Vol. 102(3), pp. 219–224
US monetary shocks and global stock prices
Journal of Financial Intermediation, Vol. 21(3), pp. 530–547
International taxation and multinational firm location decisions
Journal of Public Economics, Vol. 96, pp. 946–958
The flight home effect: Evidence from the syndicated loan market during financial crises
Journal of Financial Economics, Vol. 104(1), pp. 23–43
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market
Journal of Money, Credit and Banking, Vol. 44(2-3), pp. 367–384
2009
Pension Reform, Ownership Structure, and Corporate Governance: Evidence from a Natural Experiment
Review of Financial Studies
2008
Political connections and preferential access to finance: The role of campaign contributions
Journal of Financial Economics
International profit shifting within multinationals: A multi-country perspective
Journal of Public Economics
2007
The Quality of the Legal System, Firm Ownership, and Firm Size
The Review of Economics and Statistics
2006
2005
Financial Dependence, Banking Sector Competition, and Economic Growth
Journal of the European Economic Association
2004
Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation
Journal of Money, Credit and Banking