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Details about Franklin Allen
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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Journal Articles Chapters
Working Papers
2012
China’s Financial System: Opportunities and Challenges
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Chapter (2012)
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
Financial Connections and Systemic Risk
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
2008
Financial system: shock absorber or amplifier?
BIS Working Papers, Bank for International Settlements View citations (2)
2006
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)
Financing firms in India
Policy Research Working Paper Series, The World Bank View citations (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
Credit Risk Transfer and Contagion
CFS Working Paper Series, Center for Financial Studies
See also Journal Article in Journal of Monetary Economics (2006)
The Financial System of the EU 25
MPRA Paper, University Library of Munich, Germany View citations (12)
2004
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)
The Efficiency and Stability of Banks and Markets
Working Paper Research, National Bank of Belgium View citations (7)
2003
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
Financial Fragility, Liquidity and Asset Prices
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (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
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)
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)
Payout Policy
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (58)
See also Chapter (2003)
Venture Capital and Corporate Governance
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)
2001
Banking Regulation versus Securities Market Regulation
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (9)
Comparative Financial Systems: A Survey
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (20)
Do Financial Institutions Matter?
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (17)
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
Asset Price Bubbles and Monetary Policy
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
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
Corporate Governance and Competition
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (24)
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)
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)
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
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)
Bubbles and Crises The Economic Journal
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
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)
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
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)
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)
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)
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
Universal Banking, Intertemporal Smoothing and European Financial Integration
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
Universal banking, intertemporal risk smoothing, and European financial integration
Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
1994
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)
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
Strategic Management and Financial Markets
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)
1991
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)
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
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)
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
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
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
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
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)
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)
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
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)
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
Churning Bubbles (Reprint 039)
Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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
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
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)
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)
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)
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)
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
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)
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)
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)
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
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
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)
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)
Stock Price Manipulation (Reprint 025)
Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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)
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
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)
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)
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)
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
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
Beauty Contests and Iterated Expectations in Asset Markets
Review of Financial Studies , 2006, 19 , (3), 719-752 View citations (44)
Credit risk transfer and contagion
Journal of Monetary Economics , 2006, 53 , (1), 89-111 View citations (35)
See also Working Paper (2005)
2005
Bank competition and the role of regulation
Proceedings , 2005, (May), 121-123 View citations (1)
Corporate Governance in Emerging Economies
Oxford Review of Economic Policy , 2005, 21 , (2), 164-177 View citations (16)
From Cash-in-the-Market Pricing to Financial Fragility
Journal of the European Economic Association , 2005, 3 , (2-3), 535-546 View citations (10)
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
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)
Financial Crises, Liquidity, and the International Monetary System: Jean Tirole, Princeton University Press, 2002
Journal of International Economics , 2004, 62 , (1), 233-236
Financial Intermediaries and Markets
Econometrica , 2004, 72 , (4), 1023-1061 View citations (73)
See also Working Paper (2003)
Financial Systems in Europe, the USA, and ASIA
Oxford Review of Economic Policy , 2004, 20 , (4), 490-508 View citations (7)
Liquidity and Financial Instability: An Introduction
Journal of the European Economic Association , 2004, 2 , (6), 925-928
2003
Commentary on Monetary policy and financial market evolution
Review , 2003, (Jul), 27-30
2002
E-Finance: An Introduction
Journal of Financial Services Research , 2002, 22 , (1), 5-27 View citations (3)
See also Working Paper (2001)
2001
Financial Structure and Financial Crisis
International Review of Finance , 2001, 2 , (1&2), 1-19 View citations (2)
Presidential Address: Do Financial Institutions Matter?
Journal of Finance , 2001, 56 , (4), 1165-1175 View citations (13)
What do financial intermediaries do?
Journal of Banking & Finance , 2001, 25 , (2), 271-294 View citations (60)
See also Working Paper (1999)
2000
A Theory of Dividends Based on Tax Clienteles
Journal of Finance , 2000, 55 , (6), 2499-2536 View citations (63)
See also Working Paper (1998)
Bubbles and Crises
Economic Journal , 2000, 110 , (460), 236-55 View citations (102)
Financial Contagion
Journal of Political Economy , 2000, 108 , (1), 1-33 View citations (31)
See also Working Paper (1999)
Optimal currency crises
Carnegie-Rochester Conference Series on Public Policy , 2000, 53 , (1), 177-230 View citations (29)
See also Working Paper (2000)
Selection Editor's Introduction
Journal of Finance , 2000, 55 , (4), 1477-1477
1999
Bubbles, Crises, and Policy
Oxford Review of Economic Policy , 1999, 15 , (3), 9-18 View citations (11)
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)
GUEST EDITOR'S INTRODUCTION: The Design of Financial Systems and Markets
Journal of Financial Intermediation , 1999, 8 , (1-2), 5-7
Using genetic algorithms to find technical trading rules
Journal of Financial Economics , 1999, 51 , (2), 245-271 View citations (48)
1998
Optimal Financial Crises
Journal of Finance , 1998, 53 , (4), 1245-1284 View citations (169)
See also Working Paper (1976)
1997
Financial Markets, Intermediaries, and Intertemporal Smoothing
Journal of Political Economy , 1997, 105 , (3), 523-46 View citations (61)
See also Working Paper (1996)
The theory of financial intermediation
Journal of Banking & Finance , 1997, 21 , (11-12), 1461-1485 View citations (47)
See also Working Paper (1996)
1995
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)
Comment on Thakor and Wilson
Journal of Banking & Finance , 1995, 19 , (3-4), 717-718
1994
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
Churning Bubbles
Review of Economic Studies , 1993, 60 , (4), 813-36 View citations (64)
Finite Bubbles with Short Sale Constraints and Asymmetric Information
Journal of Economic Theory , 1993, 61 , (2), 206-229 View citations (55)
1992
Measurement Distortion and Missing Contingencies in Optimal Contracts
Economic Theory , 1992, 2 , (1), 1-26 View citations (25)
See also Working Paper (1990)
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)
Stock-Price Manipulation
Review of Financial Studies , 1992, 5 , (3), 503-29 View citations (36)
1991
Arbitrage, Short Sales, and Financial Innovation
Econometrica , 1991, 59 , (4), 1041-68 View citations (14)
See also Working Paper
Rational Rationing
Economica , 1991, 58 , (230), 189-98 View citations (4)
1990
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)
The market for information and the origin of financial intermediation
Journal of Financial Intermediation , 1990, 1 , (1), 3-30 View citations (74)
1989
Signalling by underpricing in the IPO market
Journal of Financial Economics , 1989, 23 , (2), 303-323 View citations (48)
The changing nature of debt and equity; a financial perspective
Conference Series ; [Proceedings] , 1989, 12-48 View citations (2)
See also Working Paper
1988
A Theory of Price Rigidities when Quality is Unobservable
Review of Economic Studies , 1988, 55 , (1), 139-51 View citations (8)
Optimal Security Design
Review of Financial Studies , 1988, 1 , (3), 229-263 View citations (48)
See also Working Paper
Optimism Invites Deception
The Quarterly Journal of Economics , 1988, 103 , (2), 397-407 View citations (3)
1985
Achieving the first best in small economies
Journal of Public Economics , 1985, 27 , (2), 255-260
On the Fixed Nature of Sharecropping Contracts
Economic Journal , 1985, 95 , (377), 30-48 View citations (17)
Repeated principal-agent relationships with lending and borrowing
Economics Letters , 1985, 17 , (1-2), 27-31 View citations (31)
1984
Mixed wage and rent contracts as reinterpretations of share contracts
Journal of Development Economics , 1984, 16 , (3), 313-317 View citations (1)
Rational Expectations and the Measurement of a Stock's Elasticity of Demand
Journal of Finance , 1984, 39 , (4), 1119-25 View citations (3)
Reputation and Product Quality
RAND Journal of Economics , 1984, 15 , (3), 311-327 View citations (57)
1983
Admissible mean standard deviation indifference curves
Economics Letters , 1983, 12 , (1), 11-17
Credit Rationing and Payment Incentives
Review of Economic Studies , 1983, 50 , (4), 639-46 View citations (11)
1982
On Share Contracts and Screening
Bell Journal of Economics , 1982, 13 , (2), 541-547 View citations (21)
Optimal linear income taxation with general equilibrium effects on wages
Journal of Public Economics , 1982, 17 , (2), 135-143 View citations (20)
Relationship between Unemployment and Vacancies in the United Kingdom: A MIMIC Approach
Oxford Economic Papers , 1982, 34 , (1), 98-107 View citations (1)
1981
The Prevention of Default
Journal of Finance , 1981, 36 , (2), 271-76 View citations (4)
Chapters
2012
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
Comment on "The Leverage Cycle"
A chapter in NBER Macroeconomics Annual 2009, Volume 24 , 2010, pp 67-73
2007
Banks, Markets and Liquidity
A chapter in The Structure and Resilience of the Financial System , 2007
Systemic Risk and Regulation
A chapter in The Risks of Financial Institutions , 2007, pp 341-376 View citations (5)
2003
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)
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