Details about Edward J. Kane

This author is deceased (2023-03-02).

Access statistics for papers by Edward J. Kane.

Last updated 2023-03-17. Update your information in the RePEc Author Service.

Short-id: pka853

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Working Papers

2023

1. Precedents, Instruments and Targets that the Fed Has Used to Create and Support a Postcrisis Global Safety Net
   Working Papers Series, Institute for New Economic Thinking

2020

2. Good News and Bad News about Newly Imagined Federal Reserve Credit-Allocation Policies
   Boston College Working Papers in Economics, Boston College Department of Economics
3. Immaculate Deception: How (and Why) Bankers Still Enjoy a Global Rescue Network
   Working Papers Series, Institute for New Economic Thinking
4. Masters of Illusion: Bank and Regulatory Accounting for Losses in Distressed Banks
   Working Papers Series, Institute for New Economic Thinking View citations (1)

2018

5. Double Whammy: Implicit Subsidies and the Great Financial Crisis
   Working Papers Series, Institute for New Economic Thinking

2017

6. Europe`s Zombie Megabanks and the Differential Regulatory Arrangements that Keep Them In Play
   Working Papers Series, Institute for New Economic Thinking

2016

7. Ethics vs. Ethos in US and UK Megabanking
   Working Papers Series, Institute for New Economic Thinking
8. How to Reform the Credit-Rating Process to Support a Revival of Private-Label Securitization
   Working Papers, University of Pennsylvania, Wharton School, Weiss Center

2015

9. A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks
   Working Papers Series, Institute for New Economic Thinking View citations (1)
   See also Journal Article A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks, Atlantic Economic Journal, Springer (2016) View citations (4) (2016)
10. Tracking Variation in Systemic Risk at US Banks During 1974-2013
    Working Papers Series, Institute for New Economic Thinking View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (31)

2014

11. Deposit Insurance Database
    IMF Working Papers, International Monetary Fund View citations (69)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (71)
    Policy Research Working Paper Series, The World Bank (2014) View citations (33)
12. Insurance Contracts and Derivatives that Substitute for Them: How and Where Should Their Systemic and Nonperformance Risks be Regulated?
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute

2011

13. Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Proceedings, Federal Reserve Bank of Chicago (2011)
    See also Journal Article Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the US and EU before and during the great recession, Journal of Banking & Finance, Elsevier (2013) View citations (8) (2013)

2010

14. The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute View citations (10)
    See also Journal Article The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation, Review of Social Economy, Taylor & Francis Journals (2010) View citations (12) (2010)
15. Unmet Duties in Managing Financial Safety Nets
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute View citations (1)
    See also Journal Article Unmet Duties in Managing Financial Safety Nets, Business Ethics Quarterly, Cambridge University Press (2011) (2011)

2009

16. Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2008

17. Ethical Failures in Regulating and Supervising The Pursuit of Safety Net Subsidies
    NFI Working Papers, Indiana State University, Scott College of Business, Networks Financial Institute View citations (4)
    See also Chapter Ethical Failures in Regulating and Supervising the Pursuit of Safety Net Subsidies, Chapters, Edward Elgar Publishing (2012) View citations (1) (2012)
18. Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries, Journal of Financial Services Research, Springer (2008) View citations (21) (2008)
19. Evidence of Improved Monitoring and Insolvency Resolution after FDICIA
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
20. Regulation and Supervision: An Ethical Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
21. The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats
    Department of Economics Working Papers, Department of Economics, Williams College
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (7)
    Center for Development Economics, Department of Economics, Williams College (2008) View citations (12)
    See also Journal Article The 2007 Meltdown in Structured Securitization: Searching for Lessons, not Scapegoats, The World Bank Research Observer, World Bank (2010) View citations (11) (2010)

2007

22. Basel II: a contracting perspective
    Proceedings, Federal Reserve Bank of Chicago View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (5)
    See also Journal Article Basel II: A Contracting Perspective, Journal of Financial Services Research, Springer (2007) View citations (10) (2007)
23. Determinants of Deposit-Insurance Adoption and Design
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in Policy Research Working Paper Series, The World Bank (2006) View citations (19)
    See also Journal Article Determinants of deposit-insurance adoption and design, Journal of Financial Intermediation, Elsevier (2008) View citations (96) (2008)
24. Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Chapter Incentive Conflict in Central Bank Responses to Sectoral Turmoil in Financial Hub Countries, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2009) (2009)

2006

25. Deposit insurance design and implementation: policy lessons from research and practice
    Policy Research Working Paper Series, The World Bank View citations (7)
26. Inadequacy of Nation-Based and VaR-Based Safety Nets in the European Union
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article Inadequacy of nation-based and VaR-based safety nets in the European Union, The North American Journal of Economics and Finance, Elsevier (2006) View citations (8) (2006)

2005

27. Breeding fiercer watchdogs for corporate governance
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation
28. Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?, Atlantic Economic Journal, Springer (2006) View citations (3) (2006)
29. Confronting Divergent Interests in Cross-Country Regulatory Arrangements
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Confronting divergent interests in cross-country regulatory arrangements, Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand (2006) View citations (4) (2006)
    Chapter Confronting Divergent Interests in Cross-Country Regulatory Arrangements, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2006) View citations (4) (2006)
30. How have borrowers fared in banking mega-mergers?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (3)
    See also Journal Article How Have Borrowers Fared in Banking Megamergers?, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (31) (2006)
31. Winners and Losers from Enacting the Financial Modernization Statute
    NBER Working Papers, National Bureau of Economic Research, Inc

2004

32. Charles Kindleberger
    NBER Working Papers, National Bureau of Economic Research, Inc

2003

33. Continuing Dangers of Disinformation in Corporate Accounting Reports
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Continuing dangers of disinformation in corporate accounting reports, Review of Financial Economics, John Wiley & Sons (2004) View citations (1) (2004)
34. Deposit Insurance: Handle With Care
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
    See also Chapter Deposit Insurance: Handle with Care, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2004) View citations (6) (2004)

2002

35. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2002) View citations (8)
    See also Journal Article How Country and Safety-Net Characteristics Affect Bank Risk-Shifting, Journal of Financial Services Research, Springer (2003) View citations (93) (2003)

2001

36. Deposit Insurance Around the Globe: Where Does it Work?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    Also in Policy Research Working Paper Series, The World Bank (2001) View citations (13)
    See also Journal Article Deposit Insurance Around the Globe: Where Does It Work?, Journal of Economic Perspectives, American Economic Association (2002) View citations (189) (2002)
37. Designing financial safety nets for countries in different circumstances
    Proceedings, Federal Reserve Bank of Chicago
38. Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970-2000, The Quarterly Review of Economics and Finance, Elsevier (2002) View citations (13) (2002)
39. Financial Safety Nets: Reconstructing and Modeling a Policymaking Metaphor
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Financial safety nets: reconstructing and modelling a policymaking metaphor, The Journal of International Trade & Economic Development, Taylor & Francis Journals (2001) View citations (3) (2001)
40. Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Using deferred compensation to strengthen the ethics of financial regulation, Journal of Banking & Finance, Elsevier (2002) View citations (9) (2002)

2000

41. Bank Runs and Banking Policies: Lessons for African Policymakers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Bank Runs and Banking Policies: Lessons for African Policy Makers, Journal of African Economies, Centre for the Study of African Economies (2001) View citations (4) (2001)
42. Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Capital movements, banking insolvency, and silent runs in the Asian financial crisis, Pacific-Basin Finance Journal, Elsevier (2000) View citations (19) (2000)
43. Designing financial safety nets to fit country circumstances
    Policy Research Working Paper Series, The World Bank View citations (47)
44. Incentives for banking megamergers: what motives might regulations infer from event-study evidence?
    Proceedings, Federal Reserve Bank of Chicago View citations (76)
    See also Journal Article Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence?, Journal of Money, Credit and Banking, Blackwell Publishing (2000) View citations (129) (2000)

1999

45. How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators, Journal of Financial Services Research, Springer (1999) View citations (9) (1999)

1998

46. A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (23) (1998)
47. Capital Movements, Asset Values, and Banking Policy in Globalized Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Proceedings, Federal Reserve Bank of Chicago (1998) View citations (3)
48. Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc
49. Safety net subsidies at U.S. commercial banks, 1985-1994
    Proceedings, Federal Reserve Bank of Chicago

1997

50. Ethical Foundations of Financial Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article Ethical Foundations of Financial Regulation, Journal of Financial Services Research, Springer (1997) View citations (19) (1997)
51. The demise of double liability as an optimal contract for large-bank stockholders
    Proceedings, Federal Reserve Bank of Chicago
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (13)

1996

52. Foundations of financial regulation
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
53. Risk-Shifting by Federally Insured Commercial Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
54. Stopping Information Asymmetries in Government from Promoting Risk Shifting by Banks
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1)

1995

55. What are large U.S. banks doing in taxable money market mutual funds?
    Proceedings, Federal Reserve Bank of Chicago
56. What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

1994

57. Difficulties of transferring risk-based capital requirements to developing countries
    Policy Research Working Paper Series, The World Bank View citations (4)
    See also Journal Article Difficulties of transferring risk-based capital requirements to developing countries, Pacific-Basin Finance Journal, Elsevier (1995) View citations (12) (1995)
58. How Much Did Capital Forbearance Add to the Cost of the S&L Insurance Mess
    NBER Working Papers, National Bureau of Economic Research, Inc
59. How much did capital forbearance add to the tab for FSLIC mess?
    Proceedings, Federal Reserve Bank of Chicago View citations (4)
60. The Federal Deposit Insurance Fund That Didn't Put A Bite on U.S. Tax Payers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article The federal deposit insurance fund that didn't put a bite on U.S. taxpayers, Journal of Banking & Finance, Elsevier (1996) View citations (27) (1996)

1993

61. Dangers of a bifurcating bank system
    Proceedings, Federal Reserve Bank of Chicago

1992

62. Incentive conflict in deposit-institution regulation: evidence from Australia
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago View citations (6)
    See also Journal Article Incentive conflict in deposit-institution regulation: evidence from Australia, Pacific-Basin Finance Journal, Elsevier (1993) View citations (7) (1993)
63. Incentive conflict in deposit-insurance regulation: evidence from Australia
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
64. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article U.S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?, Real Estate Economics, American Real Estate and Urban Economics Association (1995) View citations (9) (1995)

1991

65. Capital positions of Japanese banks
    Policy Research Working Paper Series, The World Bank View citations (2)
    Also in Proceedings, Federal Reserve Bank of Chicago (1990)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (3)
66. Dissecting current legislative proposals for deposit insurance reform
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1990

67. Incentive Conflict in the International Regulatory Agreement on Risk-Based Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc
68. Regulation in a global market context
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1989

69. How Incentive-Incompatible Deposit-Insurance Funds Fail
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

1988

70. Change in Market Assessments of Deposit-Institution Riskiness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
71. Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    See also Journal Article Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms, Journal of Finance, American Finance Association (1990) View citations (46) (1990)
72. Parameter variability, event studies, and the two-index model
    Proceedings, Federal Reserve Bank of Chicago

1987

73. No Room for Weak Links in the Chain of Deposit Insurance Reform
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
74. Off-balance-sheet items and the changing market and interest-rate sensitivity of deposit-institution equity returns
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
75. Who Should Learn What From the Failure and Delayed Bailout of the ODGF?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Proceedings, Federal Reserve Bank of Chicago (1987) View citations (6)

1986

76. Valuing conjectural government guarantees of FNMA liabilities
    Proceedings, Federal Reserve Bank of Chicago View citations (7)

1984

77. Change and Progress in Contemporary Mortgage Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
78. Microeconomic Evidence on the Composition of Effective Household SavingsDuring the 1960s and 1970s
    NBER Working Papers, National Bureau of Economic Research, Inc
79. Regulatory Structure in Futures Markets: Jurisdictional Competition Among the SEC, the CFTC, and Other Agencies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
80. Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition, Journal of Finance, American Finance Association (1984) View citations (23) (1984)

1981

81. Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
    See also Journal Article Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation, Journal of Finance, American Finance Association (1981) View citations (70) (1981)
82. Changes in the Provision of Correspondent-Banking Services and the Role of Federal Reserve Banks under the DIDMC Act
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Changes in the provision of correspondent-banking services and the role of Federal Reserve Banks under the DIDMC Act, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1982) View citations (2) (1982)
83. Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
84. Nested Tests of Alternative Term-Structure Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Nested Tests of Alternative Term-Structure Theories, The Review of Economics and Statistics, MIT Press (1983) View citations (10) (1983)

1980

85. Accelerating Inflation and the Distribution of Household Savings Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc

1974

86. The number of securities in an optimally diversified portfolio: Holdings of U.S. government securities at large U.S. commercial banks, 1965-1967
    Boston College Working Papers in Economics, Boston College Department of Economics

Journal Articles

2020

1. Implicit and explicit norms and tools of safety net management
   China Finance Review International, 2020, 10, (3), 229-241 View citations (2)

2018

2. Ethics versus Ethos in US and UK Megabanking
   Journal of Financial Services Research, 2018, 53, (2), 211-226 View citations (3)

2016

3. A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks
   Atlantic Economic Journal, 2016, 44, (1), 51-71 View citations (4)
   See also Working Paper A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks, Working Papers Series (2015) View citations (1) (2015)

2015

4. Deposit insurance around the world: A comprehensive analysis and database
   Journal of Financial Stability, 2015, 20, (C), 155-183 View citations (78)

2013

5. Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the US and EU before and during the great recession
   Journal of Banking & Finance, 2013, 37, (6), 1845-1859 View citations (8)
   See also Working Paper Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession, NBER Working Papers (2011) View citations (5) (2011)

2012

6. How to Reform the Credit-Rating Process to Support a Sustainable Revival of Private-Label Securitization
   Quarterly Journal of Finance (QJF), 2012, 02, (01), 1-25
7. Missing elements in US financial reform: A Kübler-Ross interpretation of the inadequacy of the Dodd-Frank Act
   Journal of Banking & Finance, 2012, 36, (3), 654-661 View citations (13)
8. Regulatory Arbitrage in Cross-Border Banking Mergers within the EU
   Journal of Money, Credit and Banking, 2012, 44, (8), 1609-1629 View citations (30)
   Also in Journal of Money, Credit and Banking, 2012, 44, (8), 1609-1629 (2012) View citations (4)

2011

9. Safety-Net Losses from Abandoning Glass-Steagall Restrictions
   Journal of Money, Credit and Banking, 2011, 43, (7), 1371-1398 View citations (7)
   Also in Journal of Money, Credit and Banking, 2011, 43, (7), 1371-1398 (2011) View citations (2)
10. Unmet Duties in Managing Financial Safety Nets
    Business Ethics Quarterly, 2011, 21, (1), 1-22
    See also Working Paper Unmet Duties in Managing Financial Safety Nets, NFI Policy Briefs (2010) View citations (1) (2010)

2010

11. Rating "Agencies": How Regulation Might Help
    ifo DICE Report, 2010, 8, (01), 14-23
12. Redefining and Containing Systemic Risk
    Atlantic Economic Journal, 2010, 38, (3), 251-264 View citations (28)
13. The 2007 Meltdown in Structured Securitization: Searching for Lessons, not Scapegoats
    The World Bank Research Observer, 2010, 25, (1), 125-155 View citations (11)
    See also Working Paper The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats, Department of Economics Working Papers (2008) (2008)
14. The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation
    Review of Social Economy, 2010, 68, (2), 145-161 View citations (12)
    See also Working Paper The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation, NFI Policy Briefs (2010) View citations (10) (2010)

2009

15. Extracting Nontransparent Safety Net Subsidies by Strategically Expanding and Contracting a Financial Institution’s Accounting Balance Sheet
    Journal of Financial Services Research, 2009, 36, (2), 161-168 View citations (10)
16. Financial Economists Roundtable Statement on Reforming the Role of the Rating “Agencies” in the Securitization Process
    Journal of Applied Corporate Finance, 2009, 21, (1), 28-33 View citations (6)

2008

17. Determinants of deposit-insurance adoption and design
    Journal of Financial Intermediation, 2008, 17, (3), 407-438 View citations (96)
    See also Working Paper Determinants of Deposit-Insurance Adoption and Design, NBER Working Papers (2007) View citations (21) (2007)
18. Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries
    Journal of Financial Services Research, 2008, 34, (2), 151-176 View citations (21)
    See also Working Paper Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries, NBER Working Papers (2008) View citations (20) (2008)

2007

19. Basel II: A Contracting Perspective
    Journal of Financial Services Research, 2007, 32, (1), 39-53 View citations (10)
    See also Working Paper Basel II: a contracting perspective, Proceedings (2007) View citations (9) (2007)
20. Connecting National Safety Nets: The Dialectics of the Basel II Contracting Process
    Atlantic Economic Journal, 2007, 35, (4), 399-409 View citations (4)
21. Roundtable discussion: reflection on twenty years of bank regulatory reform
    Economic Review, 2007, (Q1-2), 119-138 View citations (1)

2006

22. Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
    Atlantic Economic Journal, 2006, 34, (2), 127-144 View citations (3)
    See also Working Paper Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?, NBER Working Papers (2005) View citations (1) (2005)
23. Confronting divergent interests in cross-country regulatory arrangements
    Reserve Bank of New Zealand Bulletin, 2006, 69, 12p. View citations (4)
    See also Chapter Confronting Divergent Interests in Cross-Country Regulatory Arrangements, World Scientific Book Chapters, 2006, 265-285 (2006) View citations (4) (2006)
    Working Paper Confronting Divergent Interests in Cross-Country Regulatory Arrangements, NBER Working Papers (2005) View citations (4) (2005)
24. How Have Borrowers Fared in Banking Megamergers?
    Journal of Money, Credit and Banking, 2006, 38, (3), 821-836 View citations (31)
    See also Working Paper How have borrowers fared in banking mega-mergers?, Working Paper Series (2005) View citations (1) (2005)
25. Inadequacy of nation-based and VaR-based safety nets in the European Union
    The North American Journal of Economics and Finance, 2006, 17, (3), 375-387 View citations (8)
    See also Working Paper Inadequacy of Nation-Based and VaR-Based Safety Nets in the European Union, NBER Working Papers (2006) View citations (8) (2006)

2005

26. Charles Kindleberger: An Impressionist in a Minimalist World
    Atlantic Economic Journal, 2005, 33, (1), 35-42

2004

27. Alternatives to blanket guarantees for containing a systemic crisis
    Journal of Financial Stability, 2004, 1, (1), 31-63 View citations (39)
28. Continuing dangers of disinformation in corporate accounting reports
    Review of Financial Economics, 2004, 13, (1-2), 149-164 View citations (1)
    Also in Review of Financial Economics, 2004, 13, (1-2), 149-164 (2004) View citations (5)
    See also Working Paper Continuing Dangers of Disinformation in Corporate Accounting Reports, NBER Working Papers (2003) View citations (3) (2003)
29. Discussion of shadow reports
    Journal of Financial Stability, 2004, 1, (2), 251-256
30. The Controversy Over Executive Compensation
    Journal of Applied Corporate Finance, 2004, 16, (1), 108-111 View citations (1)

2003

31. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
    Journal of Financial Services Research, 2003, 23, (3), 177-204 View citations (93)
    See also Working Paper How Country and Safety-Net Characteristics Affect Bank Risk-Shifting, NBER Working Papers (2002) View citations (13) (2002)
32. What kind of multinational deposit-insurance arrangements might best enhance world welfare?
    Pacific-Basin Finance Journal, 2003, 11, (4), 413-428 View citations (8)

2002

33. Cross-country evidence on deposit-insurance
    The Quarterly Review of Economics and Finance, 2002, 42, (4), 695-699 View citations (1)
34. Deposit Insurance Around the Globe: Where Does It Work?
    Journal of Economic Perspectives, 2002, 16, (2), 175-195 View citations (189)
    See also Working Paper Deposit Insurance Around the Globe: Where Does it Work?, NBER Working Papers (2001) View citations (24) (2001)
35. Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970-2000
    The Quarterly Review of Economics and Finance, 2002, 42, (3), 439-463 View citations (13)
    See also Working Paper Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000, NBER Working Papers (2001) View citations (1) (2001)
36. Regression evidence of safety-net support in Canada and the U.S., 1893-1992
    The Quarterly Review of Economics and Finance, 2002, 42, (4), 649-671
37. Resolving systemic financial crises efficiently
    Pacific-Basin Finance Journal, 2002, 10, (3), 217-226 View citations (2)
38. Using deferred compensation to strengthen the ethics of financial regulation
    Journal of Banking & Finance, 2002, 26, (9), 1919-1933 View citations (9)
    See also Working Paper Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation, NBER Working Papers (2001) View citations (2) (2001)

2001

39. Bank Runs and Banking Policies: Lessons for African Policy Makers
    Journal of African Economies, 2001, 10, (suppl_1), 36-71 View citations (4)
    See also Working Paper Bank Runs and Banking Policies: Lessons for African Policymakers, NBER Working Papers (2000) View citations (4) (2000)
40. Dynamic inconsistency of capital forbearance: Long-run vs. short-run effects of too-big-to-fail policymaking
    Pacific-Basin Finance Journal, 2001, 9, (4), 281-299 View citations (13)
41. Financial safety nets: reconstructing and modelling a policymaking metaphor
    The Journal of International Trade & Economic Development, 2001, 10, (3), 237-273 View citations (3)
    See also Working Paper Financial Safety Nets: Reconstructing and Modeling a Policymaking Metaphor, NBER Working Papers (2001) View citations (2) (2001)
42. Using disaster planning to optimize expenditures on financial safety nets
    Atlantic Economic Journal, 2001, 29, (3), 243-253 View citations (6)

2000

43. Architecture of Supra-Governmental International Financial Regulation
    Journal of Financial Services Research, 2000, 18, (2), 301-318 View citations (1)
44. Capital movements, banking insolvency, and silent runs in the Asian financial crisis
    Pacific-Basin Finance Journal, 2000, 8, (2), 153-175 View citations (19)
    See also Working Paper Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis, NBER Working Papers (2000) View citations (20) (2000)
45. Effectiveness of Capital Regulation at U.S. Commercial Banks, 1985 to 1994
    Journal of Finance, 2000, 55, (1), 451-468 View citations (73)
46. Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence?
    Journal of Money, Credit and Banking, 2000, 32, (3), 671-701 View citations (129)
    Also in Proceedings, 2000, 671-705 (2000) View citations (127)
    See also Working Paper Incentives for banking megamergers: what motives might regulations infer from event-study evidence?, Proceedings (2000) View citations (76) (2000)
47. The dialectical role of information and disinformation in regulation-induced banking crises
    Pacific-Basin Finance Journal, 2000, 8, (3-4), 285-308 View citations (8)

1999

48. Breakdown of accounting controls at Barings and Daiwa: Benefits of using opportunity-cost measures for trading activity
    Pacific-Basin Finance Journal, 1999, 7, (3-4), 203-228 View citations (3)
49. Housing Finance GSEs: Who Gets the Subsidy?
    Journal of Financial Services Research, 1999, 15, (3), 197-209 View citations (6)
50. How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators
    Journal of Financial Services Research, 1999, 16, (2), 265-291 View citations (9)
    See also Working Paper How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators, NBER Working Papers (1999) View citations (4) (1999)
51. Implications of superhero metaphors for the issue of banking powers
    Journal of Banking & Finance, 1999, 23, (2-4), 663-673 View citations (10)

1998

52. A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
    Journal of Money, Credit and Banking, 1998, 30, (3), 573-95 View citations (23)
    Also in Proceedings, 1998, (Aug), 573-595 (1998)
    See also Working Paper A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance, NBER Working Papers (1998) View citations (21) (1998)
53. Lessons of privatization1
    Pacific-Basin Finance Journal, 1998, 6, (3-4), 235-249 View citations (2)
54. Offshore financial regulatory competition: a force for modernization and for crisis
    Proceedings, 1998, (Sep)

1997

55. Ethical Foundations of Financial Regulation
    Journal of Financial Services Research, 1997, 12, (1), 51-74 View citations (19)
    See also Working Paper Ethical Foundations of Financial Regulation, NBER Working Papers (1997) View citations (18) (1997)
56. FC, CG, SF,NS,The Future of Central Banking: The Tercentenary Symposium of the Bank of England.New York: Cambridge Univ. Press, 1995. xiv + 362 pp., $49.95
    Journal of Comparative Economics, 1997, 24, (1), 95-97
57. Making bank risk shifting more transparent
    Pacific-Basin Finance Journal, 1997, 5, (2), 143-156 View citations (1)

1996

58. Comment on Alternative Monies and the Demand for Media of Exchange
    Journal of Money, Credit and Banking, 1996, 28, (4), 961-64 View citations (2)
59. De Jure Interstate Banking: Why Only Now?
    Journal of Money, Credit and Banking, 1996, 28, (2), 141-61 View citations (113)
60. Difficulties in Making Implicit Government Risk-Bearing Partnerships Explicit
    Journal of Risk and Uncertainty, 1996, 12, (2-3), 189-99 View citations (2)
61. Opportunity cost of capital forbearance during the final years of the FSLIC mess
    The Quarterly Review of Economics and Finance, 1996, 36, (3), 271-290 View citations (11)
62. Preface to minisymposium on drawing the right lessons from the S&L mess
    The Quarterly Review of Economics and Finance, 1996, 36, (3), 269-270
63. Reducing Taxpayer Exposure to Loss from Innovations in Bank Risk Management
    Journal of Money, Credit and Banking, 1996, 28, (4), 980-85 View citations (1)
    Also in Proceedings, 1996, 980-985 (1996) View citations (1)
64. The federal deposit insurance fund that didn't put a bite on U.S. taxpayers
    Journal of Banking & Finance, 1996, 20, (8), 1305-1327 View citations (27)
    See also Working Paper The Federal Deposit Insurance Fund That Didn't Put A Bite on U.S. Tax Payers, NBER Working Papers (1994) View citations (2) (1994)

1995

65. Difficulties of transferring risk-based capital requirements to developing countries
    Pacific-Basin Finance Journal, 1995, 3, (2-3), 193-216 View citations (12)
    See also Working Paper Difficulties of transferring risk-based capital requirements to developing countries, Policy Research Working Paper Series (1994) View citations (4) (1994)
66. Measuring the true profile of taxpayer losses in the S & L insurance mess
    Journal of Banking & Finance, 1995, 19, (8), 1459-1477 View citations (14)
67. Reregulating Rural Banks: Discussion
    American Journal of Agricultural Economics, 1995, 77, (3), 762-764
68. Three paradigms for the role of capitalization requirements in insured financial institutions
    Journal of Banking & Finance, 1995, 19, (3-4), 431-459 View citations (61)
69. U.S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?
    Real Estate Economics, 1995, 23, (2), 101-116 View citations (9)
    See also Working Paper Office Market Values During the Past Decade: How Distorted Have Appraisals Been?, NBER Working Papers (1992) View citations (6) (1992)

1993

70. Incentive conflict in deposit-institution regulation: evidence from Australia
    Pacific-Basin Finance Journal, 1993, 1, (1), 13-29 View citations (7)
    See also Working Paper Incentive conflict in deposit-institution regulation: evidence from Australia, Working Paper Series, Issues in Financial Regulation (1992) View citations (6) (1992)
71. Taxpayer Loss Exposure in the Bank Insurance Fund
    Challenge, 1993, 36, (2), 43-49 View citations (3)
72. What Lessons Should Japan Learn from the U.S. Deposit-Insurance Mess?
    Journal of the Japanese and International Economies, 1993, 7, (4), 329-355 View citations (10)

1992

73. CAUSES AND CONSEQUENCES OF THE 1980s COMMERCIAL CONSTRUCTION BOOM
    Journal of Applied Corporate Finance, 1992, 5, (1), 61-70 View citations (13)

1991

74. Financial Regulation and Market Forces
    Swiss Journal of Economics and Statistics (SJES), 1991, 127, (III), 325-342 View citations (6)

1990

75. Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
    Journal of Finance, 1990, 45, (1), 113-36 View citations (46)
    See also Working Paper Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms, NBER Working Papers (1988) View citations (29) (1988)
76. Principal-Agent Problems in S&L Salvage
    Journal of Finance, 1990, 45, (3), 755-64 View citations (72)
77. The supervisory implications of financial globalization: three views
    Economic Perspectives, 1990, 14, (May), 30-38

1989

78. The Bush Plan Is No Cure for the S&L Insurance Malady
    Challenge, 1989, 32, (6), 39-43
79. The High Cost of Incompletely Funding the FSLIC Shortage of Explicit Capital
    Journal of Economic Perspectives, 1989, 3, (4), 31-47 View citations (34)

1988

80. Changing incentives facing financial-services regulators
    Proceedings, 1988, 265-279 View citations (9)
81. Interaction of Financial and Regulatory Innovation
    American Economic Review, 1988, 78, (2), 328-34 View citations (31)
82. THE IMPACT OF A NEW FEDERAL RESERVE CHAIRMAN
    Contemporary Economic Policy, 1988, 6, (1), 89-97 View citations (2)

1987

83. DANGERS OF CAPITAL FORBEARANCE: THE CASE OF THE FSLIC AND “ZOMBIE” S&Ls
    Contemporary Economic Policy, 1987, 5, (1), 77-83 View citations (27)

1986

84. Appearance and reality in deposit insurance: The case for reform
    Journal of Banking & Finance, 1986, 10, (2), 175-188 View citations (44)

1984

85. Regulatory structure in futures markets: Jurisdictional competition between the sec, the cftc, and other agencies
    Journal of Futures Markets, 1984, 4, (3), 367-384 View citations (8)
86. Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition
    Journal of Finance, 1984, 39, (3), 759-72 View citations (23)
    See also Working Paper Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition, NBER Working Papers (1984) View citations (20) (1984)

1983

87. Nested Tests of Alternative Term-Structure Theories
    The Review of Economics and Statistics, 1983, 65, (1), 115-23 View citations (10)
    See also Working Paper Nested Tests of Alternative Term-Structure Theories, NBER Working Papers (1981) View citations (2) (1981)
88. Policy Implications of Structural Changes in Financial Markets
    American Economic Review, 1983, 73, (2), 96-100 View citations (7)

1982

89. Changes in the provision of correspondent-banking services and the role of Federal Reserve Banks under the DIDMC Act
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 93-126 View citations (2)
    See also Working Paper Changes in the Provision of Correspondent-Banking Services and the Role of Federal Reserve Banks under the DIDMC Act, NBER Working Papers (1981) (1981)
90. Rejoinder
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 137-140
91. Selecting monetary targets in a changing financial environment
    Proceedings - Economic Policy Symposium - Jackson Hole, 1982, 181-222 View citations (1)

1981

92. Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation
    Journal of Finance, 1981, 36, (2), 355-67 View citations (70)
    See also Working Paper Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation, NBER Working Papers (1981) View citations (73) (1981)
93. Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital
    Journal of Finance, 1981, 36, (1), 51-60 View citations (186)

1980

94. Comment on Analysis of the Impact of Capital-Specific Policies or Legislation and An Integrated Model of Household Flow-of-Funds Allocations
    Journal of Money, Credit and Banking, 1980, 12, (2), 422-25
95. Market Incompleteness and Divergences between Forward and Future Interest Rates
    Journal of Finance, 1980, 35, (2), 221-34 View citations (12)
96. Politics and Fed policymaking: The more things change the more they remain the same
    Journal of Monetary Economics, 1980, 6, (2), 199-211 View citations (29)

1979

97. Portfolio Diversification at Commercial Banks
    Journal of Finance, 1979, 34, (1), 19-34

1978

98. Discussion: Duration and Portfolio Strategy
    Journal of Financial and Quantitative Analysis, 1978, 13, (4), 651-652
99. Getting Along without Regulation Q: Testing the Standard View of Deposit-Rate Competition during the "Wild-Card Experience."
    Journal of Finance, 1978, 33, (3), 921-32 View citations (1)

1977

100. Good Intentions and Unintended Evil: The Case against Selective Credit Allocation
     Journal of Money, Credit and Banking, 1977, 9, (1), 55-69 View citations (75)

1976

101. Autoregressive and Nonautoregressive Elements in Cross-Section Forecasts of Inflation
     Econometrica, 1976, 44, (1), 1-16 View citations (6)
102. Federal Home Loan Bank Board policy and the plight of savings and loan associations: A comment on the Jaffee and Swan papers
     Carnegie-Rochester Conference Series on Public Policy, 1976, 4, (1), 237-245
103. Panel Discussion on the Teaching of Money and Banking
     Journal of Financial and Quantitative Analysis, 1976, 11, (4), 613-616

1975

104. New Congressional Restraints and Federal Reserve Independence
     Challenge, 1975, 18, (5), 37-44 View citations (1)
105. Tax avoidance by savings-and-loan associations before and after the tax reform act of 1969
     Journal of Monetary Economics, 1975, 1, (1), 41-63

1974

106. All for the Best: The Federal Reseve Board's 60th Annual Report
     American Economic Review, 1974, 64, (6), 835-50 View citations (5)
107. The Re-Politicization of the Fed
     Journal of Financial and Quantitative Analysis, 1974, 9, (5), 743-752 View citations (1)

1973

108. Monetary and Fiscal Influence on U.S. Money Income, 1891-1970: Comment
     Journal of Money, Credit and Banking, 1973, 5, (1), 301-03
109. Simulations of Stabilization Policies for 1966-1970 and A Comparison of Stabilization Policies: 1966-67 and 1969-70: Comment
     Journal of Money, Credit and Banking, 1973, 5, (1), 39-42
110. The Central Bank as Big Brother: Comment
     Journal of Money, Credit and Banking, 1973, 5, (4), 979-81

1970

111. Short-Changing the Small Saver: Federal Government Discrimination against the Small Saver During the Vietnam War
     Journal of Money, Credit and Banking, 1970, 2, (4), 513-22 View citations (6)
112. The Term Structure of Interest Rates: An Attempt to Reconcile Teaching with Practice
     Journal of Finance, 1970, 25, (2), 361-74 View citations (3)

1969

113. Expectations and Interest Rates: A Cross-sectional Test of the Error-learning Hypothesis
     Journal of Political Economy, 1969, 77, (4), 453-70 View citations (4)

1968

114. THE DETERMINANTS OF MEMBER‐BANK BORROWING: A REPLY
     Journal of Finance, 1968, 23, (5), 838-847

1966

115. THE DETERMINANTS OF MEMBER‐BANK BORROWING: AN ECONOMETRIC STUDY
     Journal of Finance, 1966, 21, (3), 499-514 View citations (8)

1965

116. Bank Portfolio Allocation, Deposit Variability, and the Availability Doctrine
     The Quarterly Journal of Economics, 1965, 79, (1), 113-134 View citations (68)

1962

117. THE INTERREGIONAL FLOW OF FUNDS IN THE UNITED STATES, 1955–58
     Journal of Finance, 1962, 17, (4), 681-682

Books

2013

1. States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives
   SUERF Studies, SUERF - The European Money and Finance Forum

2011

2. Regulation and Banking after the Crisis
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (1)

1985

3. The Gathering Crisis in Federal Deposit Insurance, vol 1
   MIT Press Books, The MIT Press View citations (132)

Edited books

2010

1. Banking and Capital Markets:New International Perspectives
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

2008

2. Deposit Insurance around the World: Issues of Design and Implementation, vol 1
   MIT Press Books, The MIT Press View citations (66)

Chapters

2018

1. Financial Safety Nets: The Good, The Bad, and The Ugly
   Chapter 5 in Public Policy & Financial Economics Essays in Honor of Professor George G Kaufman for His Lifelong Contributions to the Profession, 2018, pp 47-70
2. Stretching the Financial Safety Net to its Breaking Point
   Chapter 7 in Innovative Federal Reserve Policies During the Great Financial Crisis, 2018, pp 189-228

2015

3. Hair of the Dog that Bit Us: The Insufficiency of New and Improved Capital Requirements
   Chapter 14 in The First Great Financial Crisis of the 21st Century A Retrospective, 2015, pp 377-397

2013

4. Bankers and Brokers First: Loose Ends in the Theory of Central Bank Policymaking
   Chapter 16 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 309-325

2012

5. Ethical Failures in Regulating and Supervising the Pursuit of Safety Net Subsidies
   Chapter 3 in Research Handbook on International Financial Regulation, 2012 View citations (1)
   See also Working Paper Ethical Failures in Regulating and Supervising The Pursuit of Safety Net Subsidies, Indiana State University, Scott College of Business, Networks Financial Institute (2008) View citations (4) (2008)

2011

6. Making Safety-Net Managers Accountable for Safety-Net Subsidies
   Chapter 24 in The International Financial Crisis Have the Rules of Finance Changed?, 2011, pp 341-357

2009

7. Incentive Conflict in Central Bank Responses to Sectoral Turmoil in Financial Hub Countries
   Chapter 9 in Globalization And Systemic Risk, 2009, pp 121-144
   See also Working Paper Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries, National Bureau of Economic Research, Inc (2007) View citations (1) (2007)

2006

8. Confronting Divergent Interests in Cross-Country Regulatory Arrangements
   Chapter 18 in Cross-Border Banking Regulatory Challenges, 2006, pp 265-285 View citations (4)
   See also Journal Article Confronting divergent interests in cross-country regulatory arrangements, Reserve Bank of New Zealand (2006) View citations (4) (2006)
   Working Paper Confronting Divergent Interests in Cross-Country Regulatory Arrangements, National Bureau of Economic Research, Inc (2005) View citations (4) (2005)

2005

9. Impediments to Fair and Efficient Resolution of Large Banks and Banking Crises
   Chapter 9 in Systemic Financial Crises Resolving Large Bank Insolvencies, 2005, pp 123-140 View citations (1)

2004

10. Deposit Insurance: Handle with Care
    Chapter 12 in Banking Market Structure and Monetary Policy, 2004, vol. 7, pp 345-358 View citations (6)
    See also Working Paper Deposit Insurance: Handle With Care, Central Bank of Chile (2003) View citations (1) (2003)

1995

11. Conference Summary
    Palgrave Macmillan