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  • Asset prices and macroeconomic outcomes : a survey (anglais)

    This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices...

    Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8259 Date du document: 28 novembre 2017 Mode de publication: Disclosed Auteur: Claessens,Stijn,Kose,Ayhan



  • How to accelerate corporate and financial sector restructuring in East Asia (anglais)

    Resolving systemic banking and corporate distress is not easy. The large scale of the East Asian financial crisis has made the task even more daunting in Indonesia, the Republic of Korea, Malaysia, and...

    Type de document: Point de vue Numéro du rapport: 19931 Date du document: 30 novembre 1999 Mode de publication: Disclosed Auteur: Claessens,Stijn,Djankov,Simeon,Klingebiel,Daniela M. H.

  • Corporate distress in East Asia : the effect of currency and interest rate shocks (anglais)

    This note reports the results of a study that quantified the effect of currency and interest rate shocks in East Asia on the liquidity and solvency of nonfinancial corporations in the region. In a survey...

    Type de document: Point de vue Numéro du rapport: 19058 Date du document: 31 janvier 1999 Mode de publication: Disclosed Auteur: Claessens,Stijn,Djankov,Simeon,Ferri,Giovanni

  • Ownership and corporate governance : evidence from the Czech Republic (anglais)

    The Czech voucher privatization scheme, which started in 1991, was one of the earliest, most comprehensive, and most rapidly implemented of all the mass privatization schemes in Eastern Europe and the...

    Type de document: Point de vue Numéro du rapport: 16869 Date du document: 31 mai 1997 Mode de publication: Disclosed Auteur: Claessens,Stijn,Djankov,Simeon,Pohl,Gerhard