Details about Douglas W. Diamond

Access statistics for papers by Douglas W. Diamond.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pdi80

Working Papers

2025

1. The Long and Short of Financial Development
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

2. Liquidity, Pledgeability, and the Nature of Lending
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2017

3. Pledgeability, Industry Liquidity, and Financing Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2016

4. Liquidity Requirements, Liquidity Choice and Financial Stability
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)

2012

5. A Theory of Debt Maturity: The Long and Short of Debt Overhang
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   See also Journal Article A Theory of Debt Maturity: The Long and Short of Debt Overhang, Journal of Finance, American Finance Association (2014) View citations (137) (2014)

2011

6. Illiquid Banks, Financial Stability, and Interest Rate Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   See also Journal Article Illiquid Banks, Financial Stability, and Interest Rate Policy, Journal of Political Economy, University of Chicago Press (2012) View citations (166) (2012)

2010

7. Fear of fire sales and the credit freeze
   BIS Working Papers, Bank for International Settlements View citations (13)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (62)

2009

8. Illiquidity and Interest Rate Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
9. The Credit Crisis: Conjectures about Causes and Remedies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (333)
   See also Journal Article The Credit Crisis: Conjectures about Causes and Remedies, American Economic Review, American Economic Association (2009) View citations (332) (2009)

2003

10. Liquidity Shortages and Banking Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (17)
    See also Journal Article Liquidity Shortages and Banking Crises, Journal of Finance, American Finance Association (2005) View citations (382) (2005)
11. Money in a Theory of Banking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Money in a Theory of Banking, American Economic Review, American Economic Association (2006) View citations (164) (2006)

2000

12. Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (22)
    See also Journal Article Banks, short-term debt and financial crises: theory, policy implications and applications, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (104) (2001)

1999

13. A Theory of Bank Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (150)
    See also Journal Article A Theory of Bank Capital, Journal of Finance, American Finance Association (2000) View citations (689) (2000)
14. Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2)
    See also Journal Article Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking, Journal of Political Economy, University of Chicago Press (2001) View citations (890) (2001)

1998

15. Reputation Acquisition in Debt Markets
    Levine's Working Paper Archive, David K. Levine View citations (34)
    See also Journal Article Reputation Acquisition in Debt Markets, Journal of Political Economy, University of Chicago Press (1989) View citations (592) (1989)

1996

16. Liquidity, banks, and markets: effects of financial development on banks and the maturity of financial claims
    Policy Research Working Paper Series, The World Bank View citations (1)

1992

17. Bank Loan Maturity and Priority when Borrowers can Refinance
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX. View citations (11)

Undated

18. Liquidity, Banks and Markets
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago
    See also Journal Article Liquidity, Banks, and Markets, Journal of Political Economy, University of Chicago Press (1997) View citations (119) (1997)

Journal Articles

2014

1. A Theory of Debt Maturity: The Long and Short of Debt Overhang
   Journal of Finance, 2014, 69, (2), 719-762 View citations (137)
   See also Working Paper A Theory of Debt Maturity: The Long and Short of Debt Overhang, NBER Working Papers (2012) View citations (12) (2012)

2013

2. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
   Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 View citations (6)

2012

3. Illiquid Banks, Financial Stability, and Interest Rate Policy
   Journal of Political Economy, 2012, 120, (3), 552 - 591 View citations (166)
   See also Working Paper Illiquid Banks, Financial Stability, and Interest Rate Policy, NBER Working Papers (2011) View citations (12) (2011)

2011

4. Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes
   The Quarterly Journal of Economics, 2011, 126, (2), 557-591 View citations (308)

2010

5. The Squam Lake Report: Fixing the Financial System
   Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 View citations (120)

2009

6. La crisis de crédito: conjeturas sobre las causas y soluciones
   Boletín, 2009, LV, (3), 154-159
7. The Credit Crisis: Conjectures about Causes and Remedies
   American Economic Review, 2009, 99, (2), 606-10 View citations (332)
   See also Working Paper The Credit Crisis: Conjectures about Causes and Remedies, NBER Working Papers (2009) View citations (333) (2009)

2007

8. Banks and liquidity creation: a simple exposition of the Diamond-Dybvig model
   Economic Quarterly, 2007, 93, (Spr), 189-200 View citations (18)

2006

9. Comment on "Bubbles and capital flow volatility: Causes and risk management"
   Journal of Monetary Economics, 2006, 53, (1), 55-57 View citations (1)
10. Money in a Theory of Banking
    American Economic Review, 2006, 96, (1), 30-53 View citations (164)
    See also Working Paper Money in a Theory of Banking, NBER Working Papers (2003) View citations (7) (2003)

2005

11. Liquidity Shortages and Banking Crises
    Journal of Finance, 2005, 60, (2), 615-647 View citations (382)
    See also Working Paper Liquidity Shortages and Banking Crises, NBER Working Papers (2003) View citations (15) (2003)

2002

12. Bank Bailouts and Aggregate Liquidity
    American Economic Review, 2002, 92, (2), 38-41 View citations (34)

2001

13. Banks and Liquidity
    American Economic Review, 2001, 91, (2), 422-425 View citations (68)
14. Banks, short-term debt and financial crises: theory, policy implications and applications
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 37-71 View citations (104)
    See also Working Paper Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications, NBER Working Papers (2000) View citations (39) (2000)
15. Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking
    Journal of Political Economy, 2001, 109, (2), 287-327 View citations (890)
    Also in Proceedings, 1998, (Sep) (1998) View citations (45)
    See also Working Paper Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking, NBER Working Papers (1999) View citations (42) (1999)
16. Should Japanese Banks Be Recapitalized?
    Monetary and Economic Studies, 2001, 19, (2), 1-19 View citations (33)
17. Should banks be capitalized?
    Economic Quarterly, 2001, (Fall), 71-96 View citations (3)

2000

18. A Theory of Bank Capital
    Journal of Finance, 2000, 55, (6), 2431-2465 View citations (689)
    See also Working Paper A Theory of Bank Capital, NBER Working Papers (1999) View citations (18) (1999)
19. Bank runs, deposit insurance, and liquidity
    Quarterly Review, 2000, 24, (Win), 14-23 View citations (213)
    Also in Journal of Political Economy, 1983, 91, (3), 401-19 (1983) View citations (4765)

1998

20. Comment on "Moral Hazard under Commercial and Universal Banking."
    Journal of Money, Credit and Banking, 1998, 30, (3), 469-71 View citations (2)

1997

21. Finanèní zprostøedkování jako delegované monitorování: jednoduchý pøíklad (Financial Intermediation as Delegated Monitoring: A simple Example)
    Czech Journal of Economics and Finance (Finance a uver), 1997, 47, (11), 680-694
22. Liquidity, Banks, and Markets
    Journal of Political Economy, 1997, 105, (5), 928-56 View citations (119)
    See also Working Paper Liquidity, Banks and Markets, CRSP working papers

1996

23. Financial intermediation as delegated monitoring: a simple example
    Economic Quarterly, 1996, (Sum), 51-66 View citations (37)

1994

24. Corporate capital structure: the control roles of bank and public debt with taxes and costly bankruptcy
    Economic Quarterly, 1994, (Spr), 11-37 View citations (7)

1993

25. Seniority and maturity of debt contracts
    Journal of Financial Economics, 1993, 33, (3), 341-368 View citations (257)

1991

26. Disclosure, Liquidity, and the Cost of Capital
    Journal of Finance, 1991, 46, (4), 1325-59 View citations (913)
27. Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt
    Journal of Political Economy, 1991, 99, (4), 689-721 View citations (1281)

1989

28. Reputation Acquisition in Debt Markets
    Journal of Political Economy, 1989, 97, (4), 828-62 View citations (592)
    See also Working Paper Reputation Acquisition in Debt Markets, Levine's Working Paper Archive (1998) View citations (34) (1998)

1987

29. Constraints on short-selling and asset price adjustment to private information
    Journal of Financial Economics, 1987, 18, (2), 277-311 View citations (677)

1986

30. Banking Theory, Deposit Insurance, and Bank Regulation
    The Journal of Business, 1986, 59, (1), 55-68 View citations (76)

1985

31. Optimal Release of Information by Firms
    Journal of Finance, 1985, 40, (4), 1071-94 View citations (298)

1982

32. Optimal Managerial Contracts and Equilibrium Security Prices
    Journal of Finance, 1982, 37, (2), 275-87 View citations (77)

1981

33. Information aggregation in a noisy rational expectations economy
    Journal of Financial Economics, 1981, 9, (3), 221-235 View citations (305)