Details about Franklin Allen

E-mail:
Homepage:	http://finance.wharton.upenn.edu/~allenf/
Phone:	215-898-3629
Postal address:	2253 Steinberg Hall - Dietrich Hall 3620 Locust Walk University of Pennsylvania Philadelphia, PA 19104
Workplace:	Finance Department, Wharton School, University of Pennsylvania, (more information at EDIRC) Financial Institutions Center, Wharton School, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Franklin Allen.

Last updated 2010-07-24. Update your information in the RePEc Author Service.

Short-id: pal67

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Jump to Journal Articles Chapters

Working Papers

2012

1. China’s Financial System: Opportunities and Challenges
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Chapter (2012)
2. Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2010

3. Financial Connections and Systemic Risk
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

2008

4. Financial system: shock absorber or amplifier?
   BIS Working Papers, Bank for International Settlements View citations (2)

2006

5. Credit market competition and capital regulation
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
   Also in CFS Working Paper Series, Center for Financial Studies (2005) View citations (30)
6. Financing firms in India
   Policy Research Working Paper Series, The World Bank View citations (7)
7. Mark-to-Market Accounting and Liquidity Pricing
   CFS Working Paper Series, Center for Financial Studies View citations (1)
   See also Journal Article in Journal of Accounting and Economics (2008)

2005

8. Credit Risk Transfer and Contagion
   CFS Working Paper Series, Center for Financial Studies
   See also Journal Article in Journal of Monetary Economics (2006)
9. The Financial System of the EU 25
   MPRA Paper, University Library of Munich, Germany View citations (12)

2004

10. Beauty Contests, Bubbles and Iterated Expectations in Asset Markets
    Yale School of Management Working Papers, Yale School of Management View citations (20)
    Also in NajEcon Working Paper Reviews, www.najecon.org (2003) View citations (20)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (7)
11. The Efficiency and Stability of Banks and Markets
    Working Paper Research, National Bank of Belgium View citations (7)

2003

12. Beauty Contests, Bubbles and Iterated Expectations in Asset Markets Capital Adequacy Regulation: In Search of a Rationale
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
13. Financial Fragility, Liquidity and Asset Prices
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (14)
14. Financial Intermediaries and Markets
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)
    See also Journal Article in Econometrica (2004)

2002

15. Asset Price Bubbles and Stock Market Interlinkages
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1)
16. Law, Finance, and Economic Growth in China
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (13)
    See also Journal Article in Journal of Financial Economics (2005)
17. Payout Policy
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (58)
    See also Chapter (2003)
18. Venture Capital and Corporate Governance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)

2001

19. Banking Regulation versus Securities Market Regulation
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (9)
20. Comparative Financial Systems: A Survey
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (20)
21. Do Financial Institutions Matter?
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (17)
22. E-Finance: An Introduction
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1)
    See also Journal Article in Journal of Financial Services Research (2002)

2000

23. Asset Price Bubbles and Monetary Policy
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
24. Optimal Currency Crises
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (39)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2000)

1999

25. Corporate Governance and Competition
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (24)
26. Diversity of Opinion and Financing of New Technologies
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (58)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1998)
    See also Journal Article in Journal of Financial Intermediation (1999)
27. Financial Contagion
    Levine's Working Paper Archive, David K. Levine View citations (10)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1998)
    See also Journal Article in Journal of Political Economy (2000)
28. What Do Financial Intermediaries Do?
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (22)
    See also Journal Article in Journal of Banking & Finance (2001)

1998

29. A Theory of Dividends Based on Tax Clienteles
    Yale School of Management Working Papers, Yale School of Management View citations (3)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (17)
    See also Journal Article in Journal of Finance (2000)
30. Bubbles and Crises The Economic Journal
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
31. Finance Applications of Game Theory
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (4)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1998) View citations (1)
32. Financial Contagion Journal of Political Economy
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (110)

1996

33. Financial Markets, Intermediaries and Intertemporal Smoothing
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
    Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1995) View citations (23)
    Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (2)
    See also Journal Article in Journal of Political Economy (1997)
34. Financial Pricing of Insurance in the Multiple Line Insurance Company
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (16)
35. The Future of the Japanese Financial System
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1)
36. The Theory of Financial Intermediation
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (43)
    See also Journal Article in Journal of Banking & Finance (1997)

1995

37. Universal Banking, Intertemporal Smoothing and European Financial Integration
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
38. Universal banking, intertemporal risk smoothing, and European financial integration
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)

1994

39. A Welfare Comparison of the German and U.S. Financial Systems
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (10)
40. A welfare comparison of intermediaries and financial markets in Germany and the U.S
    Working Papers, Federal Reserve Bank of Philadelphia View citations (30)
    See also Journal Article in European Economic Review (1995)

1993

41. Strategic Management and Financial Markets
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)

1991

42. Limited Market Participation and Volatility of Asset Prices
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (1)
    Also in Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1991) View citations (1)
    See also Journal Article in American Economic Review (1994)
43. Rational Expectations and Stock Market Bubbles
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
44. Rational Finite Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
45. Stock Price Manipulation, Market Microstructure and Asymetric Information
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (9)
    See also Journal Article in European Economic Review (1992)

1990

46. MEASUREMENT DISTORTION AND MISSING CONTINGENCIES IN OPTIMAL CONTRACTS
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (2)
    See also Journal Article in Economic Theory (1992)

1976

47. Optimal Financial Crises
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (44)
    See also Journal Article in Journal of Finance (1998)

Undated

48. A Note on Clienteles and the Miller Model (Revised: 5-88)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
49. A Welfare Comparison of the German and U.S. Financial Systems (Reprint 047)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
50. Arbitrage, Short Sales and Financial Innovation
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    See also Journal Article in Econometrica (1991)
51. Capital Structure and Imperfect Competition in Product Markets (Revised: 20-85 and 11-87)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
52. Capital Structure and Imperfect Competition in Product Markets (Revision of 20-85, 24-84)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
53. Capital Structure and Imperfect Competition in Product Markets (Revision of 24-84; Revised: 11-87)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
54. Churning Bubbles (Reprint 039)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
55. Contracts to Sell Information (Revised: 6-87)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
56. Contracts to Sell Information (Revision of 12-85)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
57. Corporate Financial Structure, Incentives and Optimal Contracting (Reprint 049)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (15)
58. Dividend Policy (Reprint 050)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
59. Estimating Divisional Cost of Capital for Insurance Companies (Reprint 037)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
60. Financial Markets, Intermediaries, and Intertemporal Smoothing (Revised 14-96)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
61. Financial Markets, Intermediaries, and Intertemporal Smoothing (Revision of 5-95) (Reprint 061)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
62. Finite Bubbles with Short Sale Constraints and Asymmetric Information (Reprint 042)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (19)
63. Incomplete Markets and Incentives to Set Up An Options Exchange
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
64. Limited Market Participation and Volatility of Asset Prices (Revised: 2-92)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
65. Limited Market Participation and Volatility of Asset Prices (Revision of 14-91) (Reprint 043)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
66. Measurement Distortion and Missing Contingencies in Optimal Contracts (Reprint 018)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
67. Optimal Security Design
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (6)
    See also Journal Article in Review of Financial Studies (1988)
68. Stock Markets and Resource Allocation (Reprint 036)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (30)
69. Stock Price Manipulation (Reprint 025)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
70. Stock Price Manipulation, Market Microstructure and Asymmetric Information (Reprint 024)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
71. Tax Clienteles and the Miller Model with Incomplete Markets (Revision of 4-87)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
72. The Changing Nature of Debt and Equity: A Financial Perspective
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
    See also Journal Article in Conference Series ; [Proceedings] (1989)
73. The Social Value of Asymmetric Information
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
74. Using Genetic Algorithms to Find Technical Trading Rules (Revised: 20-95)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (7)
75. Using Genetic Algorithms to Find Technical Trading Rules (Revision of 20-93)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)

Journal Articles

2008

1. Mark-to-market accounting and liquidity pricing
   Journal of Accounting and Economics, 2008, 45, (2-3), 358-378 View citations (21)
   See also Working Paper (2006)

2006

2. Beauty Contests and Iterated Expectations in Asset Markets
   Review of Financial Studies, 2006, 19, (3), 719-752 View citations (44)
3. Credit risk transfer and contagion
   Journal of Monetary Economics, 2006, 53, (1), 89-111 View citations (35)
   See also Working Paper (2005)

2005

4. Bank competition and the role of regulation
   Proceedings, 2005, (May), 121-123 View citations (1)
5. Corporate Governance in Emerging Economies
   Oxford Review of Economic Policy, 2005, 21, (2), 164-177 View citations (16)
6. From Cash-in-the-Market Pricing to Financial Fragility
   Journal of the European Economic Association, 2005, 3, (2-3), 535-546 View citations (10)
7. Law, finance, and economic growth in China
   Journal of Financial Economics, 2005, 77, (1), 57-116 View citations (120)
   See also Working Paper (2002)

2004

8. Competition and Financial Stability
   Journal of Money, Credit and Banking, 2004, 36, (3), 453-80 View citations (63)
   Also in Proceedings, 2004, 453-486 (2004) View citations (58)
9. Financial Crises, Liquidity, and the International Monetary System: Jean Tirole, Princeton University Press, 2002
   Journal of International Economics, 2004, 62, (1), 233-236
10. Financial Intermediaries and Markets
    Econometrica, 2004, 72, (4), 1023-1061 View citations (73)
    See also Working Paper (2003)
11. Financial Systems in Europe, the USA, and ASIA
    Oxford Review of Economic Policy, 2004, 20, (4), 490-508 View citations (7)
12. Liquidity and Financial Instability: An Introduction
    Journal of the European Economic Association, 2004, 2, (6), 925-928

2003

13. Commentary on Monetary policy and financial market evolution
    Review, 2003, (Jul), 27-30

2002

14. E-Finance: An Introduction
    Journal of Financial Services Research, 2002, 22, (1), 5-27 View citations (3)
    See also Working Paper (2001)

2001

15. Financial Structure and Financial Crisis
    International Review of Finance, 2001, 2, (1&2), 1-19 View citations (2)
16. Presidential Address: Do Financial Institutions Matter?
    Journal of Finance, 2001, 56, (4), 1165-1175 View citations (13)
17. What do financial intermediaries do?
    Journal of Banking & Finance, 2001, 25, (2), 271-294 View citations (60)
    See also Working Paper (1999)

2000

18. A Theory of Dividends Based on Tax Clienteles
    Journal of Finance, 2000, 55, (6), 2499-2536 View citations (63)
    See also Working Paper (1998)
19. Bubbles and Crises
    Economic Journal, 2000, 110, (460), 236-55 View citations (102)
20. Financial Contagion
    Journal of Political Economy, 2000, 108, (1), 1-33 View citations (31)
    See also Working Paper (1999)
21. Optimal currency crises
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 177-230 View citations (29)
    See also Working Paper (2000)
22. Selection Editor's Introduction
    Journal of Finance, 2000, 55, (4), 1477-1477

1999

23. Bubbles, Crises, and Policy
    Oxford Review of Economic Policy, 1999, 15, (3), 9-18 View citations (11)
24. Diversity of Opinion and Financing of New Technologies
    Journal of Financial Intermediation, 1999, 8, (1-2), 68-89 View citations (54)
    See also Working Paper (1999)
25. GUEST EDITOR'S INTRODUCTION: The Design of Financial Systems and Markets
    Journal of Financial Intermediation, 1999, 8, (1-2), 5-7
26. Using genetic algorithms to find technical trading rules
    Journal of Financial Economics, 1999, 51, (2), 245-271 View citations (48)

1998

27. Optimal Financial Crises
    Journal of Finance, 1998, 53, (4), 1245-1284 View citations (169)
    See also Working Paper (1976)

1997

28. Financial Markets, Intermediaries, and Intertemporal Smoothing
    Journal of Political Economy, 1997, 105, (3), 523-46 View citations (61)
    See also Working Paper (1996)
29. The theory of financial intermediation
    Journal of Banking & Finance, 1997, 21, (11-12), 1461-1485 View citations (47)
    See also Working Paper (1996)

1995

30. A welfare comparison of intermediaries and financial markets in Germany and the US
    European Economic Review, 1995, 39, (2), 179-209 View citations (60)
    See also Working Paper (1994)
31. Comment on Thakor and Wilson
    Journal of Banking & Finance, 1995, 19, (3-4), 717-718

1994

32. Limited Market Participation and Volatility of Asset Prices
    American Economic Review, 1994, 84, (4), 933-55 View citations (120)
    See also Working Paper (1991)

1993

33. Churning Bubbles
    Review of Economic Studies, 1993, 60, (4), 813-36 View citations (64)
34. Finite Bubbles with Short Sale Constraints and Asymmetric Information
    Journal of Economic Theory, 1993, 61, (2), 206-229 View citations (55)

1992

35. Measurement Distortion and Missing Contingencies in Optimal Contracts
    Economic Theory, 1992, 2, (1), 1-26 View citations (25)
    See also Working Paper (1990)
36. Stock price manipulation, market microstructure and asymmetric information
    European Economic Review, 1992, 36, (2-3), 624-630 View citations (15)
    See also Working Paper (1991)
37. Stock-Price Manipulation
    Review of Financial Studies, 1992, 5, (3), 503-29 View citations (36)

1991

38. Arbitrage, Short Sales, and Financial Innovation
    Econometrica, 1991, 59, (4), 1041-68 View citations (14)
    See also Working Paper
39. Rational Rationing
    Economica, 1991, 58, (230), 189-98 View citations (4)

1990

40. Incomplete Markets and Incentives to Set Up an Options Exchange&ast
    The Geneva Risk and Insurance Review, 1990, 15, (1), 17-46 View citations (4)
41. The market for information and the origin of financial intermediation
    Journal of Financial Intermediation, 1990, 1, (1), 3-30 View citations (74)

1989

42. Signalling by underpricing in the IPO market
    Journal of Financial Economics, 1989, 23, (2), 303-323 View citations (48)
43. The changing nature of debt and equity; a financial perspective
    Conference Series ; [Proceedings], 1989, 12-48 View citations (2)
    See also Working Paper

1988

44. A Theory of Price Rigidities when Quality is Unobservable
    Review of Economic Studies, 1988, 55, (1), 139-51 View citations (8)
45. Optimal Security Design
    Review of Financial Studies, 1988, 1, (3), 229-263 View citations (48)
    See also Working Paper
46. Optimism Invites Deception
    The Quarterly Journal of Economics, 1988, 103, (2), 397-407 View citations (3)

1985

47. Achieving the first best in small economies
    Journal of Public Economics, 1985, 27, (2), 255-260
48. On the Fixed Nature of Sharecropping Contracts
    Economic Journal, 1985, 95, (377), 30-48 View citations (17)
49. Repeated principal-agent relationships with lending and borrowing
    Economics Letters, 1985, 17, (1-2), 27-31 View citations (31)

1984

50. Mixed wage and rent contracts as reinterpretations of share contracts
    Journal of Development Economics, 1984, 16, (3), 313-317 View citations (1)
51. Rational Expectations and the Measurement of a Stock's Elasticity of Demand
    Journal of Finance, 1984, 39, (4), 1119-25 View citations (3)
52. Reputation and Product Quality
    RAND Journal of Economics, 1984, 15, (3), 311-327 View citations (57)

1983

53. Admissible mean standard deviation indifference curves
    Economics Letters, 1983, 12, (1), 11-17
54. Credit Rationing and Payment Incentives
    Review of Economic Studies, 1983, 50, (4), 639-46 View citations (11)

1982

55. On Share Contracts and Screening
    Bell Journal of Economics, 1982, 13, (2), 541-547 View citations (21)
56. Optimal linear income taxation with general equilibrium effects on wages
    Journal of Public Economics, 1982, 17, (2), 135-143 View citations (20)
57. Relationship between Unemployment and Vacancies in the United Kingdom: A MIMIC Approach
    Oxford Economic Papers, 1982, 34, (1), 98-107 View citations (1)

1981

58. The Prevention of Default
    Journal of Finance, 1981, 36, (2), 271-76 View citations (4)

Chapters

2012

1. China's Financial System: Opportunities and Challenges
   A chapter in Capitalizing China, 2012, pp 63-143 View citations (1)
   See also Working Paper (2012)

2010

2. Comment on "The Leverage Cycle"
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 67-73

2007

3. Banks, Markets and Liquidity
   A chapter in The Structure and Resilience of the Financial System, 2007
4. Systemic Risk and Regulation
   A chapter in The Risks of Financial Institutions, 2007, pp 341-376 View citations (5)

2003

5. Payout policy
   Chapter 07 in Handbook of the Economics of Finance, 2003, vol. 1, Part 1, pp 337-429 View citations (54)
   See also Working Paper (2002)