Publications

Publications in refereed journals


The Invisible Hand of the Government: Moral Suasion During the Sovereign Debt Crisis

Neeltje van Horen with Steven Ongena and Alexander Popov
Latest Draft [PDF]
American Economic Journal – Macroeconomics (forthcoming)


When Arm’s Length is too Far. Relationship Lending over the Credit Cycle

Neeltje van Horen with Thorsten Beck, Hans Degryse and Ralph De Haas
Journal of Financial Economics, 127(1), 174-196, 2018


International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands

Neeltje van Horen with Jon Frost and Jakob de Haan
International Journal of Central Banking, 13(1), 293-313, 2017


Exporting Sovereign Stress: Evidence from Syndicated Bank Lending during the Euro Area Sovereign Debt Crisis

Neeltje van Horen with Alexander Popov
Review of Finance, 9(5), 1825-1866, 2015
Winner of the 2016 Pagano and Zechner Prize for the best non-investment paper in the Review of Finance.


The Impact of the Global Financial Crisis on Banking Globalization

Neeltje van Horen with Stijn Claessens
Dowload Data [XLS]
IMF Economic Review, 63(4), 868-918, 2015


Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks

Neeltje van Horen with Steven Ongena and Jose Luis Peydro
IMF Economic Review, 63(4), 698-750, 2015


Foreign Banks: Trends and Impact

Neeltje van Horen with Stijn Claessens
Journal of Money, Credit and Banking, 46(1), 295-326, 2014
Winner of the 2017 Emerald Citations of Excellence award


Location Decisions of Foreign Banks and Competitor Remoteness

Neeltje van Horen with Stijn Claessens
Journal of Money, Credit and Banking, 46(1), 145-170, 2014


Running for the Exit? International Bank Lending during a Financial Crisis

Neeltje van Horen with Ralph de Haas
Review of Financial Studies, 26(1), 244-285, 2013
paper featured in the Wall Street Journal, January 6 2019


Impact of Foreign Banks

Neeltje van Horen with Stijn Claessens
Journal of Financial Perspectives, 1(1), 1-18, 2013


International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending

Neeltje van Horen with Ralph de Haas
American Economic Review, Papers and Proceedings, 102(3), 231-237, 2012


Being a Foreigner among Domestic Banks: Asset or Liability?

Neeltje van Horen with Stijn Claessens
Journal of Banking and Finance, 36, 1276-1290, 2012


International Financial Integration through the Law of One Price: The Role of Liquidity and Capital Controls

Neeltje van Horen with Eduardo Levy Yeyati and Sergio Schmukler
Journal of Financial Intermediation, 18(3), 432-463, 2009


Emerging Market Liquidity and Crises

Neeltje van Horen with Eduardo Levy Yeyati and Sergio Schmukler
Journal of the European Economic Association, 6(2-3), 668-682, 2008


Foreign Banking in Developing Countries; Origin Matters

Emerging Markets Review, 8(2), 81-105, 2007
Emerging Markets Review Paper featured in The Economist, September 9 th 2006, pp. 71


Foreign Exchange Market Contagion in the Asian Crisis: A Regression-based Approach

Neeltje van Horen with Henk Jager and Franc Klaassen
Review of World Economics, 142(2), 2-26, 2006


The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine Crisis

Neeltje van Horen with Eduardo Levy Yeyati and Sergio Schmukler
Economics Letters, 83(1), 7-13, 2004

Chapters in Books/E-Books


Recent Trends in Cross-Border Banking

Neeltje van Horen with Ralph de Haas.
The Palgrave Handbook of European Banking, Beck, Thorsten and Barbara Casu (eds), Palgrave
Macmillan, 247-497, 2016.


Bank Activity Trends Following the Financial Crisis: Expansion? Retrenchment?

Neeltje van Horen with Stijn Claessens
The Future of Large Internationally Active Banks, Demirguc-Kunt, Asli, Douglas Evanoff and George Kaufman (eds), World Scientific Publishing, 125-142, 2016


The Role of Foreign Banks in Local Credit Booms

Neeltje van Horen with Stijn Claessens
The Future of Large Internationally Active Banks, Demirguc-Kunt, Asli, Douglas Evanoff and George
Kaufman (eds), World Scientific Publishing, 273-292, 2016


Foreign banks: Access to Finance and Financial Stability

The Social Value of the Financial Sector: Too Big to Fail or Just Too Big? Acharya, Viral, Thorsten Beck, Douglas Evanoff, George Kaufman, and Richard Portes (eds), World Scientific Publishing, 323-344, 2014


The Changing Role of Emerging Market Banks

The Future of Banking, Beck, Thorsten (ed), CEPR/VoxEU-eBook, 79-83, 2011


Crises, Capital Controls and Financial Integration

Neeltje van Horen with Eduardo Levy Yeyati and Sergio Schmukler
Managing Capital Flows: The Search for a Framework, Kawai, Masahiro and Mario B. Lamberte (eds.),
Edward Elgar, 160-191, 2010

Contributions to policy reports


Small Businesses and the Credit Crunch

EBRD Transition Report 2015-16, European Bank of Reconstruction and Development, Chapter 2


Branching Out: The Rise of Emerging Market Banks

Financial Development Report 2012, World Economic Forum, 47-54