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Details about Raghuram G. Rajan

Homepage:https://faculty.chicagobooth.edu/raghuram-rajan
Phone:7737024437
Postal address:5807 S Woodlawn Ave, Chicago IL 60637
Workplace:Booth School of Business, University of Chicago, (more information at EDIRC)

Access statistics for papers by Raghuram G. Rajan.

Last updated 2024-01-15. Update your information in the RePEc Author Service.

Short-id: pra149


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Working Papers

2025

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

2023

  1. Cross-border Spillovers: How US Financial Conditions affect M&As Around the World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. Finance and Climate Resilience: Evidence from the long 1950s US Drought
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) Downloads
  4. What Purpose Do Corporations Purport? Evidence from Letters to Shareholders
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2022) Downloads View citations (3)

2022

  1. Liquidity, Liquidity Everywhere, Not a Drop to Use – Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) Downloads
  2. Sovereign Debt and Economic Growth when Government is Myopic and Self-interested
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) Downloads View citations (8)

    See also Chapter Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested, NBER Chapters, National Bureau of Economic Research, Inc (2023) (2023)
    Journal Article Sovereign debt and economic growth when government is myopic and self-interested, Journal of International Economics, Elsevier (2024) Downloads (2024)

2021

  1. Liquidity, Pledgeability, and the Nature of Lending
    Working Papers, Becker Friedman Institute for Research In Economics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads View citations (1)

    See also Journal Article Liquidity, pledgeability, and the nature of lending, Journal of Financial Economics, Elsevier (2022) Downloads View citations (4) (2022)

2020

  1. Kill Zone
    Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (1)
    Working Papers, Becker Friedman Institute for Research In Economics (2020) Downloads View citations (1)
  2. Secured Credit Spreads
    Working Papers, Becker Friedman Institute for Research In Economics Downloads View citations (3)
  3. The Decline of Secured Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article The Decline of Secured Debt, Journal of Finance, American Finance Association (2024) Downloads (2024)
  4. The Secured Credit Premium and the Issuance of Secured Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article The secured credit premium and the issuance of secured debt, Journal of Financial Economics, Elsevier (2022) Downloads View citations (6) (2022)
  5. When is Debt Odious? A Theory of Repression and Growth Traps
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Working Papers, Becker Friedman Institute for Research In Economics (2020) Downloads View citations (6)

2019

  1. The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?, The Review of Financial Studies, Society for Financial Studies (2022) Downloads View citations (2) (2022)

2018

  1. Going the Extra Mile: Distant Lending and Credit Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    See also Journal Article Going the Extra Mile: Distant Lending and Credit Cycles, Journal of Finance, American Finance Association (2022) Downloads View citations (19) (2022)
  2. Whither Bank Regulation: Current Debates and Challenges
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (4)

2017

  1. Pledgeability, Industry Liquidity, and Financing Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article Pledgeability, Industry Liquidity, and Financing Cycles, Journal of Finance, American Finance Association (2020) Downloads View citations (7) (2020)

2016

  1. Financial Reforms - Past and Present
    Working Papers, eSocialSciences Downloads
  2. India in the Global Economy
    Working Papers, eSocialSciences Downloads View citations (3)
  3. Policy and Evidence
    Working Papers, eSocialSciences Downloads View citations (6)
  4. Resolving Stress in the Banking System
    Working Papers, eSocialSciences Downloads View citations (1)
  5. Rules of the Monetary Game
    Working Papers, eSocialSciences Downloads View citations (35)
  6. The Fight against Inflation: A Measure of our Institutional Development
    Working Papers, eSocialSciences Downloads View citations (4)
  7. The Independence of the Central Bank
    Working Papers, eSocialSciences Downloads
  8. Towards Rules of the Monetary Game
    Working Papers, eSocialSciences Downloads View citations (17)
  9. Words Matter but so Does Intent
    Working Papers, eSocialSciences Downloads

2015

  1. Democracy, Inclusion, and Prosperity
    Working Papers, eSocialSciences Downloads View citations (1)
  2. Strong Sustainable Growth for the Indian Economy
    Working Papers, eSocialSciences Downloads View citations (1)
  3. Tolerance and Respect for Economic Progress
    Working Papers, eSocialSciences Downloads

2014

  1. Aid, Dutch Disease, and Manufacturing Growth
    Working Papers, eSocialSciences Downloads View citations (2)
    Also in Working Papers, Center for Global Development (2009) Downloads View citations (24)

    See also Journal Article Aid, Dutch disease, and manufacturing growth, Journal of Development Economics, Elsevier (2011) Downloads View citations (223) (2011)
  2. Economic and Financial Outlook
    Working Papers, eSocialSciences Downloads View citations (1)
  3. Finance and Opportunity in India
    Working Papers, eSocialSciences Downloads
  4. Financial Fire Sales: Evidence from Bank Failures
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (5)
  5. What Undermines Aid’s Impact on Growth?
    Working Papers, eSocialSciences Downloads

2012

  1. Banks and cross-border capital flows: challenges and regulatory responses
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (19)
  2. Constituencies and legislation: the fight over the McFadden Act of 1927
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (5)

    See also Journal Article Constituencies and Legislation: The Fight Over the McFadden Act of 1927, Management Science, INFORMS (2016) Downloads View citations (5) (2016)
  3. The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012) Downloads View citations (3)

    See also Journal Article The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s, American Economic Review, American Economic Association (2015) Downloads View citations (43) (2015)
  4. The Corporation in Finance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (55)

2011

  1. Failed States, Vicious Cycles, and a Proposal
    Working Papers, eSocialSciences Downloads
  2. Illiquid Banks, Financial Stability, and Interest Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article Illiquid Banks, Financial Stability, and Interest Rate Policy, Journal of Political Economy, University of Chicago Press (2012) Downloads View citations (166) (2012)
  3. Sovereign Debt, Government Myopia, and the Financial Sector
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads View citations (6)

    See also Journal Article Sovereign Debt, Government Myopia, and the Financial Sector, The Review of Financial Studies, Society for Financial Studies (2013) Downloads View citations (71) (2013)
  4. The Post-Washington Consensus: Development after the Crisis - Working Paper 244
    Working Papers, Center for Global Development Downloads
  5. Trade Credit Contracts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    Also in Policy Research Working Paper Series, The World Bank (2010) Downloads View citations (3)
    Policy Research Working Paper Series, The World Bank (2011) Downloads View citations (23)

    See also Journal Article Trade Credit Contracts, The Review of Financial Studies, Society for Financial Studies (2012) Downloads View citations (143) (2012)

2009

  1. Fear of Fire Sales and the Credit Freeze
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (62)
  2. Illiquidity and Interest Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (76)
  3. Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2009) Downloads View citations (1)

    See also Journal Article Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century, Journal of Finance, American Finance Association (2011) Downloads View citations (71) (2011)
  4. The Credit Crisis: Conjectures about Causes and Remedies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (333)
    See also Journal Article The Credit Crisis: Conjectures about Causes and Remedies, American Economic Review, American Economic Association (2009) Downloads View citations (332) (2009)
  5. The Internal Governance of Firms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads

    See also Journal Article The Internal Governance of Firms, Journal of Finance, American Finance Association (2011) View citations (81) (2011)

2008

  1. A Pragmatic Approach to Capital Account Liberalization
    IZA Discussion Papers, Institute of Labor Economics (IZA) Downloads View citations (156)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (161)

    See also Journal Article A Pragmatic Approach to Capital Account Liberalization, Journal of Economic Perspectives, American Economic Association (2008) Downloads View citations (165) (2008)
  2. Draft Report of the Committee on financial Sector Reforms
    Working Papers, eSocialSciences Downloads View citations (6)
  3. Landed Interests and Financial Underdevelopment in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)

2007

  1. Foreign Capital and Economic Growth
    IZA Discussion Papers, Institute of Labor Economics (IZA) Downloads View citations (389)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (389)

    See also Journal Article Foreign Capital and Economic Growth, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2007) Downloads View citations (386) (2007)

2006

  1. India's Pattern of Development: What Happened, What Follows?
    IMF Working Papers, International Monetary Fund Downloads View citations (159)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (114)

    See also Journal Article India's pattern of development: What happened, what follows?, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (146) (2006)
  2. Modernizing China's Growth Paradigm
    IMF Policy Discussion Papers, International Monetary Fund Downloads View citations (12)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2006) Downloads View citations (25)

    See also Journal Article Modernizing China's Growth Paradigm, American Economic Review, American Economic Association (2006) Downloads View citations (27) (2006)
  3. Rent Preservation and the Persistence of Underdevelopment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    See also Journal Article Rent Preservation and the Persistence of Underdevelopment, American Economic Journal: Macroeconomics, American Economic Association (2009) Downloads View citations (36) (2009)
  4. Sexual Harassment and Air Force Act, 1950
    Working Papers, eSocialSciences Downloads
  5. Systematic Hierarchies and Systemic Failures: Gender and Health Inequities in Koppal District
    Working Papers, eSocialSciences Downloads
  6. The Law of the Law in an Age of Empire
    Working Papers, eSocialSciences Downloads
  7. The Persistence of Underdevelopment: Institutions, Human Capital or Constituencies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (39)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2006) Downloads View citations (1)
    Working Papers, eSocialSciences (2006) Downloads View citations (12)

2005

  1. Aid and Growth: What Does The Cross-Country Evidence Really Show?
    Working Papers, eSocialSciences Downloads View citations (188)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (206)
    IMF Working Papers, International Monetary Fund (2005) Downloads View citations (210)

    See also Journal Article Aid and Growth: What Does the Cross-Country Evidence Really Show?, The Review of Economics and Statistics, MIT Press (2008) Downloads View citations (598) (2008)
  2. Controlled Capital Account Liberalisation: A Proposal
    Working Papers, eSocialSciences Downloads View citations (5)
    Also in IMF Policy Discussion Papers, International Monetary Fund (2005) Downloads View citations (24)
  3. Dollar Shortages and Crises
    MPRA Paper, University Library of Munich, Germany Downloads View citations (25)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (8)

    See also Journal Article Dollar Shortages and Crises, International Journal of Central Banking, International Journal of Central Banking (2005) Downloads View citations (33) (2005)
  4. Has Financial Development Made the World Riskier?
    Working Papers, eSocialSciences Downloads View citations (718)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (743)

    See also Journal Article Has financial development made the world riskier?, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2005) Downloads View citations (348) (2005)
  5. The Real Effect of Banking Crises
    IMF Working Papers, International Monetary Fund Downloads View citations (37)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) Downloads View citations (46)

    See also Journal Article The real effect of banking crises, Journal of Financial Intermediation, Elsevier (2008) Downloads View citations (383) (2008)
  6. What Undermines Aid's Impact on Growth?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (143)
    Also in IMF Working Papers, International Monetary Fund (2005) Downloads View citations (106)

2004

  1. Are Perks Purely Managerial Excess?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article Are perks purely managerial excess?, Journal of Financial Economics, Elsevier (2006) Downloads View citations (114) (2006)
  2. Business Environment and Firm Entry: Evidence from International Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (100)
    Also in Policy Research Working Paper Series, The World Bank (2004) Downloads View citations (100)
  3. Entry Regulation as a Barrier to Entrepreneurship
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (81)
    See also Journal Article Entry regulation as a barrier to entrepreneurship, Journal of Financial Economics, Elsevier (2006) Downloads View citations (784) (2006)

2003

  1. Banks and Markets: The Changing Character of European Finance
    Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State Downloads View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) Downloads View citations (153)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (154)
  2. Liquidity Shortages and Banking Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (17)

    See also Journal Article Liquidity Shortages and Banking Crises, Journal of Finance, American Finance Association (2005) Downloads View citations (382) (2005)
  3. Money in a Theory of Banking
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article Money in a Theory of Banking, American Economic Review, American Economic Association (2006) Downloads View citations (164) (2006)
  4. The Emergence of Strong Property Rights: Speculation from history
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
  5. The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (63)
    See also Journal Article The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies, The Review of Economics and Statistics, MIT Press (2006) Downloads View citations (233) (2006)

2002

  1. Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (74)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) Downloads View citations (6)
    Proceedings, Federal Reserve Bank of Chicago (2002) View citations (21)

    See also Journal Article Does function follow organizational form? Evidence from the lending practices of large and small banks, Journal of Financial Economics, Elsevier (2005) Downloads View citations (1055) (2005)

2001

  1. The Great Reversals: The Politics of Financial Development in the 20th Century
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (48)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (168)
    OECD Economics Department Working Papers, OECD Publishing (2000) Downloads View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (87)
  2. The Influence of the Financial Revolution on the Nature of Firms
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (52)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (52)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (52)

    See also Journal Article The Influence of the Financial Revolution on the Nature of Firms, American Economic Review, American Economic Association (2001) Downloads View citations (52) (2001)

2000

  1. Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (104) (2001)
  2. Does Distance Still Matter? The Information Revolution in Small Business Lending
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (144)
    See also Journal Article Does Distance Still Matter? The Information Revolution in Small Business Lending, Journal of Finance, American Finance Association (2002) Downloads View citations (1014) (2002)
  3. The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    See also Journal Article The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms, The Quarterly Journal of Economics, President and Fellows of Harvard College (2001) Downloads View citations (245) (2001)
  4. The Governance of the New Enterprise
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (113)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (1998) Downloads View citations (25)

1999

  1. A Theory of Bank Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (690) (2000)
  2. Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    Also in Proceedings, Federal Reserve Bank of Chicago (1998) View citations (4)

    See also Journal Article Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking, Journal of Finance, American Finance Association (2002) Downloads View citations (628) (2002)
  3. Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (890) (2001)
  4. The Tyranny of Inequality
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (3)

    See also Journal Article The tyranny of inequality, Journal of Public Economics, Elsevier (2000) Downloads View citations (50) (2000)
  5. What Determines Firm Size?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (164)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (180)
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (62)

1998

  1. Power in a Theory of the Firm
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (480)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (5)

    See also Journal Article Power in a Theory of the Firm, The Quarterly Journal of Economics, President and Fellows of Harvard College (1998) Downloads View citations (486) (1998)
  2. The Cost of Diversity: The Diversification Discount and Inefficient Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (147)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (80)
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (147)

    See also Journal Article The Cost of Diversity: The Diversification Discount and Inefficient Investment, Journal of Finance, American Finance Association (2000) Downloads View citations (623) (2000)
  3. The Paradox of Liquidity
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (390)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (10)

    See also Journal Article The Paradox of Liquidity, The Quarterly Journal of Economics, President and Fellows of Harvard College (1998) Downloads View citations (406) (1998)
  4. Which Capitalism? Lessons from the East Asian Crisis
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (221)
    See also Journal Article WHICH CAPITALISM? LESSONS FORM THE EAST ASIAN CRISIS, Journal of Applied Corporate Finance, Morgan Stanley (1998) Downloads View citations (48) (1998)

1997

  1. The Eclipse of the U.S. Tire Industry
    Working Papers, U.S. Census Bureau, Center for Economic Studies Downloads
    See also Chapter The Eclipse of the U.S. Tire Industry, NBER Chapters, National Bureau of Economic Research, Inc (2000) Downloads View citations (2) (2000)

1996

  1. Financial Dependence and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (81)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (78)

    See also Journal Article Financial Dependence and Growth, American Economic Review, American Economic Association (1998) Downloads View citations (3618) (1998)
  2. Trade Credit: Theories and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    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 Trade Credit: Theories and Evidence, The Review of Financial Studies, Society for Financial Studies (1997) View citations (887) (1997)
  3. Why Banks Have a Future: An Economic Rationale
    Working Papers, Banca Italia - Servizio di Studi View citations (4)

1995

  1. Firewalls in universal banks
    Proceedings, Federal Reserve Bank of Chicago
  2. Liquidity and the rise of financial intermediation
    Proceedings, Federal Reserve Bank of Chicago
  3. Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (12)

    See also Journal Article Organization structure and credibility: Evidence from commercial bank securities activities before the Glass-Steagall Act, Journal of Monetary Economics, Elsevier (1997) Downloads View citations (71) (1997)

1994

  1. The Effect of Credit Market Competition on Lending Relationships
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (67)
    See also Journal Article The Effect of Credit Market Competition on Lending Relationships, The Quarterly Journal of Economics, President and Fellows of Harvard College (1995) Downloads View citations (1457) (1995)
  2. The Role of Firewalls in Universal Banks: Evidence from Commercial Bank Securities Activities before the Glass-Steagall Act
    Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State Downloads
  3. What Do We Know About Capital Structure? Some Evidence from International Data
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article What Do We Know about Capital Structure? Some Evidence from International Data, Journal of Finance, American Finance Association (1995) Downloads View citations (2369) (1995)

1992

  1. Some evidence on the separation of commercial and investment banking
    Proceedings, Federal Reserve Bank of Chicago

1988

  1. Pricing commodity bonds using binomial option pricing
    Policy Research Working Paper Series, The World Bank Downloads View citations (3)

Undated

  1. The Past and Future of Commercial Banking Viewed Through an Incomplete Contract Lens
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago
    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 The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (56) (1998)

Journal Articles

2024

  1. Reprint of “Sovereign debt and economic growth when government is myopic and self-interested”
    Journal of International Economics, 2024, 149, (C) Downloads
  2. Sovereign debt and economic growth when government is myopic and self-interested
    Journal of International Economics, 2024, 150, (C) Downloads
    See also Working Paper Sovereign Debt and Economic Growth when Government is Myopic and Self-interested, NBER Working Papers (2022) Downloads (2022)
    Chapter Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested, NBER Chapters, 2023 (2023) (2023)
  3. The Decline of Secured Debt
    Journal of Finance, 2024, 79, (1), 35-93 Downloads
    See also Working Paper The Decline of Secured Debt, NBER Working Papers (2020) Downloads View citations (21) (2020)

2022

  1. Central banking and political pressure
    Journal of Policy Modeling, 2022, 44, (4), 790-803 Downloads View citations (1)
  2. Going the Extra Mile: Distant Lending and Credit Cycles
    Journal of Finance, 2022, 77, (2), 1259-1324 Downloads View citations (19)
    See also Working Paper Going the Extra Mile: Distant Lending and Credit Cycles, NBER Working Papers (2018) Downloads View citations (25) (2018)
  3. Liquidity, pledgeability, and the nature of lending
    Journal of Financial Economics, 2022, 143, (3), 1275-1294 Downloads View citations (4)
    See also Working Paper Liquidity, Pledgeability, and the Nature of Lending, Working Papers (2021) Downloads View citations (1) (2021)
  4. The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?
    The Review of Financial Studies, 2022, 35, (7), 3418-3466 Downloads View citations (2)
    See also Working Paper The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?, NBER Working Papers (2019) Downloads (2019)
  5. The secured credit premium and the issuance of secured debt
    Journal of Financial Economics, 2022, 146, (1), 143-171 Downloads View citations (6)
    See also Working Paper The Secured Credit Premium and the Issuance of Secured Debt, NBER Working Papers (2020) Downloads View citations (1) (2020)

2021

  1. Communities, the state, and markets: the case for inclusive localism
    (When Work Disappears: Manufacturing Decline and the Falling Marriage-market Value of Young Men)
    Oxford Review of Economic Policy, 2021, 37, (4), 811-823 Downloads
  2. Dealing with corporate distress, repair, and reallocation
    Journal of Policy Modeling, 2021, 43, (4), 739-748 Downloads View citations (2)

2020

  1. Pledgeability, Industry Liquidity, and Financing Cycles
    Journal of Finance, 2020, 75, (1), 419-461 Downloads View citations (7)
    See also Working Paper Pledgeability, Industry Liquidity, and Financing Cycles, NBER Working Papers (2017) Downloads View citations (8) (2017)
  2. The Spillovers from Easy Liquidity and the Implications for Multilateralism
    IMF Economic Review, 2020, 68, (1), 4-34 Downloads View citations (5)

2018

  1. The Mayekawa Lecture: Whither Bank Regulation; Current Debates and Challenges
    Monetary and Economic Studies, 2018, 36, 21-34 Downloads View citations (2)

2017

  1. Banking and the Evolving Objectives of Bank Regulation
    Journal of Political Economy, 2017, 125, (6), 1812 - 1825 Downloads View citations (2)
  2. Unconventional monetary policy and the role of central banks
    Business Economics, 2017, 52, (4), 189-193 Downloads

2016

  1. Constituencies and Legislation: The Fight Over the McFadden Act of 1927
    Management Science, 2016, 62, (7), 1843-1859 Downloads View citations (5)
    See also Working Paper Constituencies and legislation: the fight over the McFadden Act of 1927, Finance and Economics Discussion Series (2012) Downloads (2012)
  2. Crises and the Development of Economic Institutions: Some Microeconomic Evidence
    American Economic Review, 2016, 106, (5), 524-27 Downloads View citations (3)
  3. Local financial capacity and asset values: Evidence from bank failures
    Journal of Financial Economics, 2016, 120, (2), 229-251 Downloads View citations (8)

2015

  1. Competitive monetary easing: is it yesterday once more?
    Macroeconomics and Finance in Emerging Market Economies, 2015, 8, (1-2), 5-16 Downloads View citations (41)
  2. The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
    American Economic Review, 2015, 105, (4), 1439-77 Downloads View citations (43)
    See also Working Paper The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s, NBER Working Papers (2012) Downloads View citations (17) (2012)

2013

  1. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
    Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 Downloads View citations (6)
  2. Sovereign Debt, Government Myopia, and the Financial Sector
    The Review of Financial Studies, 2013, 26, (6), 1526-1560 Downloads View citations (71)
    See also Working Paper Sovereign Debt, Government Myopia, and the Financial Sector, NBER Working Papers (2011) Downloads View citations (7) (2011)
  3. The Credit Crisis and Cycle-Proof Regulation
    Review, 2013, (Nov), 461-467 Downloads View citations (1)
    Also in Review, 2009, 91, (Sep), 397-402 (2009) Downloads View citations (11)

2012

  1. Illiquid Banks, Financial Stability, and Interest Rate Policy
    Journal of Political Economy, 2012, 120, (3), 552 - 591 Downloads View citations (166)
    See also Working Paper Illiquid Banks, Financial Stability, and Interest Rate Policy, NBER Working Papers (2011) Downloads View citations (12) (2011)
  2. Presidential Address: The Corporation in Finance
    Journal of Finance, 2012, 67, (4), 1173-1217 Downloads View citations (60)
  3. Trade Credit Contracts
    The Review of Financial Studies, 2012, 25, (3), 838-867 Downloads View citations (143)
    See also Working Paper Trade Credit Contracts, NBER Working Papers (2011) Downloads View citations (26) (2011)

2011

  1. Aid, Dutch disease, and manufacturing growth
    Journal of Development Economics, 2011, 94, (1), 106-118 Downloads View citations (223)
    See also Working Paper Aid, Dutch Disease, and Manufacturing Growth, Working Papers (2014) Downloads View citations (2) (2014)
  2. Can soft power help the IMF make the world more stable?
    Review of World Economics (Weltwirtschaftliches Archiv), 2011, 147, (1), 1-10 Downloads
  3. Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes
    The Quarterly Journal of Economics, 2011, 126, (2), 557-591 Downloads View citations (310)
  4. Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
    Journal of Finance, 2011, 66, (6), 1895-1931 Downloads View citations (71)
    See also Working Paper Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century, NBER Working Papers (2009) Downloads View citations (10) (2009)
  5. The Internal Governance of Firms
    Journal of Finance, 2011, 66, (3), 689-720 View citations (81)
    See also Working Paper The Internal Governance of Firms, NBER Working Papers (2009) Downloads (2009)

2010

  1. The Financial Crisis and the Death (or Hegemony) of Development Economics
    The Journal of Economic Education, 2010, 41, (4), 398-402 Downloads View citations (1)
  2. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 Downloads View citations (120)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (110) (2010)

2009

  1. La crisis de crédito: conjeturas sobre las causas y soluciones
    Boletín, 2009, LV, (3), 154-159 Downloads
  2. Rent Preservation and the Persistence of Underdevelopment
    American Economic Journal: Macroeconomics, 2009, 1, (1), 178-218 Downloads View citations (36)
    See also Working Paper Rent Preservation and the Persistence of Underdevelopment, NBER Working Papers (2006) Downloads View citations (17) (2006)
  3. The Credit Crisis: Conjectures about Causes and Remedies
    American Economic Review, 2009, 99, (2), 606-10 Downloads View citations (332)
    See also Working Paper The Credit Crisis: Conjectures about Causes and Remedies, NBER Working Papers (2009) Downloads View citations (333) (2009)

2008

  1. A Pragmatic Approach to Capital Account Liberalization
    Journal of Economic Perspectives, 2008, 22, (3), 149-72 Downloads View citations (165)
    See also Working Paper A Pragmatic Approach to Capital Account Liberalization, IZA Discussion Papers (2008) Downloads View citations (156) (2008)
  2. Aid and Growth: What Does the Cross-Country Evidence Really Show?
    The Review of Economics and Statistics, 2008, 90, (4), 643-665 Downloads View citations (598)
    See also Working Paper Aid and Growth: What Does The Cross-Country Evidence Really Show?, Working Papers (2005) Downloads View citations (188) (2005)
  3. Global Imbalances or why are the Poor Financing the Rich?
    De Economist, 2008, 156, (1), 3-24 Downloads View citations (1)
  4. Rethinking capital regulation
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 431-471 Downloads View citations (131)
  5. The Contributions of Stewart Myers to the Theory and Practice of Corporate Finance*
    Journal of Applied Corporate Finance, 2008, 20, (4), 8-19 Downloads View citations (6)
  6. The Future of the IMF and the World Bank
    American Economic Review, 2008, 98, (2), 110-15 Downloads View citations (17)
  7. The real effect of banking crises
    Journal of Financial Intermediation, 2008, 17, (1), 89-112 Downloads View citations (383)
    See also Working Paper The Real Effect of Banking Crises, IMF Working Papers (2005) Downloads View citations (37) (2005)

2007

  1. Does Aid Affect Governance?
    American Economic Review, 2007, 97, (2), 322-327 Downloads View citations (101)
  2. Financial conditions, alternative asset management and political risks: trying to make sense of our times
    Financial Stability Review, 2007, (10), 137-142 Downloads
  3. Foreign Capital and Economic Growth
    Brookings Papers on Economic Activity, 2007, 38, (1), 153-230 Downloads View citations (386)
    See also Working Paper Foreign Capital and Economic Growth, IZA Discussion Papers (2007) Downloads View citations (389) (2007)

2006

  1. Are perks purely managerial excess?
    Journal of Financial Economics, 2006, 79, (1), 1-33 Downloads View citations (114)
    See also Working Paper Are Perks Purely Managerial Excess?, NBER Working Papers (2004) Downloads View citations (12) (2004)
  2. Entry regulation as a barrier to entrepreneurship
    Journal of Financial Economics, 2006, 82, (3), 591-629 Downloads View citations (784)
    See also Working Paper Entry Regulation as a Barrier to Entrepreneurship, NBER Working Papers (2004) Downloads View citations (81) (2004)
  3. Global Imbalances and Financial Reform with Examples from China
    Cato Journal, 2006, 26, (2), 267-273 Downloads View citations (2)
  4. Has Finance Made the World Riskier?
    European Financial Management, 2006, 12, (4), 499-533 Downloads View citations (470)
  5. India's pattern of development: What happened, what follows?
    Journal of Monetary Economics, 2006, 53, (5), 981-1019 Downloads View citations (146)
    See also Working Paper India's Pattern of Development: What Happened, What Follows?, IMF Working Papers (2006) Downloads View citations (159) (2006)
  6. India: The Past and Its Future
    Asian Development Review (ADR), 2006, 23, (02), 36-52 Downloads
    Also in Asian Development Review, 2006, 23-2, (2), 36-52 (2006) View citations (4)
  7. Making Capitalism Work for Everyone
    World Economics, 2006, 7, (1), 1-10 Downloads View citations (1)
  8. Modernizing China's Growth Paradigm
    American Economic Review, 2006, 96, (2), 331-336 Downloads View citations (27)
    See also Working Paper Modernizing China's Growth Paradigm, IMF Policy Discussion Papers (2006) Downloads View citations (12) (2006)
  9. Money in a Theory of Banking
    American Economic Review, 2006, 96, (1), 30-53 Downloads View citations (164)
    See also Working Paper Money in a Theory of Banking, NBER Working Papers (2003) Downloads View citations (7) (2003)
  10. NBER Conference on corporate alliances
    Journal of Financial Economics, 2006, 80, (1), 1-3 Downloads View citations (7)
    See also Chapter NBER Conference on Corporate Alliances, NBER Chapters, 2002 (2002) (2002)
  11. Patterns of international capital flows and their implications for economic development
    Proceedings - Economic Policy Symposium - Jackson Hole, 2006, 119-158 Downloads View citations (34)
  12. Salvare il capitalismo dai capitalisti (recensione di Gianpaolo Abatecola)
    ECONOMIA E DIRITTO DEL TERZIARIO, 2006, 2006/3, (3), 772-776 Downloads
  13. The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
    The Review of Economics and Statistics, 2006, 88, (4), 759-773 Downloads View citations (233)
    See also Working Paper The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies, NBER Working Papers (2003) Downloads View citations (63) (2003)
  14. Two British Initiatives for IMF Lending to its Members, 1960–1962
    World Economics, 2006, 7, (1), 11-19 Downloads

2005

  1. Does function follow organizational form? Evidence from the lending practices of large and small banks
    Journal of Financial Economics, 2005, 76, (2), 237-269 Downloads View citations (1055)
    See also Working Paper Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks, NBER Working Papers (2002) Downloads View citations (74) (2002)
  2. Dollar Shortages and Crises
    International Journal of Central Banking, 2005, 1, (2) Downloads View citations (33)
    See also Working Paper Dollar Shortages and Crises, MPRA Paper (2005) Downloads View citations (25) (2005)
  3. Has financial development made the world riskier?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 313-369 Downloads View citations (348)
    See also Working Paper Has Financial Development Made the World Riskier?, Working Papers (2005) Downloads View citations (718) (2005)
  4. Institutional Reform and Sovereign Debt Crises
    Cato Journal, 2005, 25, (1), 17-24 Downloads View citations (2)
  5. Liquidity Shortages and Banking Crises
    Journal of Finance, 2005, 60, (2), 615-647 Downloads View citations (382)
    See also Working Paper Liquidity Shortages and Banking Crises, NBER Working Papers (2003) Downloads View citations (15) (2003)

2003

  1. Can the tide turn?
    Proceedings, 2003, (Oct), 239-248 Downloads
  2. Commentary on Life-cycle dynamics in industrial sectors: the role of banking market structure
    Review, 2003, 85, (Jul), 149-150 Downloads
  3. Fischer Black Prize for 2003
    Journal of Finance, 2003, 58, (2), v-vii Downloads
  4. The great reversals: the politics of financial development in the twentieth century
    Journal of Financial Economics, 2003, 69, (1), 5-50 Downloads View citations (1511)

2002

  1. An Investigation into the Economics of Extending Bank Powers
    Journal of Emerging Market Finance, 2002, 1, (2), 125-156 Downloads View citations (13)
  2. Bank Bailouts and Aggregate Liquidity
    American Economic Review, 2002, 92, (2), 38-41 Downloads View citations (34)
  3. Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking
    Journal of Finance, 2002, 57, (1), 33-73 Downloads View citations (628)
    See also Working Paper Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking, NBER Working Papers (1999) Downloads View citations (58) (1999)
  4. Does Distance Still Matter? The Information Revolution in Small Business Lending
    Journal of Finance, 2002, 57, (6), 2533-2570 Downloads View citations (1014)
    See also Working Paper Does Distance Still Matter? The Information Revolution in Small Business Lending, NBER Working Papers (2000) Downloads View citations (144) (2000)

2001

  1. Banks and Liquidity
    American Economic Review, 2001, 91, (2), 422-425 Downloads View citations (68)
  2. Banks, short-term debt and financial crises: theory, policy implications and applications
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 37-71 Downloads View citations (104)
    See also Working Paper Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications, NBER Working Papers (2000) Downloads View citations (39) (2000)
  3. Financial Systems, Industrial Structure, and Growth
    Oxford Review of Economic Policy, 2001, 17, (4), 467-482 View citations (142)
  4. Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking
    Journal of Political Economy, 2001, 109, (2), 287-327 Downloads 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) Downloads View citations (42) (1999)
  5. The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms
    The Quarterly Journal of Economics, 2001, 116, (3), 805-851 Downloads View citations (245)
    See also Working Paper The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms, NBER Working Papers (2000) Downloads View citations (28) (2000)
  6. The Influence of the Financial Revolution on the Nature of Firms
    American Economic Review, 2001, 91, (2), 206-211 Downloads View citations (52)
    See also Working Paper The Influence of the Financial Revolution on the Nature of Firms, CRSP working papers (2001) Downloads View citations (52) (2001)

2000

  1. A Theory of Bank Capital
    Journal of Finance, 2000, 55, (6), 2431-2465 Downloads View citations (690)
    See also Working Paper A Theory of Bank Capital, NBER Working Papers (1999) Downloads View citations (18) (1999)
  2. The Cost of Diversity: The Diversification Discount and Inefficient Investment
    Journal of Finance, 2000, 55, (1), 35-80 Downloads View citations (623)
    See also Working Paper The Cost of Diversity: The Diversification Discount and Inefficient Investment, NBER Working Papers (1998) Downloads View citations (26) (1998)
  3. The tyranny of inequality
    Journal of Public Economics, 2000, 76, (3), 521-558 Downloads View citations (50)
    See also Working Paper The Tyranny of Inequality, CRSP working papers (1999) Downloads View citations (5) (1999)

1998

  1. DEBT, FOLKLORE, AND CROSS‐COUNTRY DIFFERENCES IN FINANCIAL STRUCTURE
    Journal of Applied Corporate Finance, 1998, 10, (4), 102-107 Downloads View citations (9)
  2. Financial Dependence and Growth
    American Economic Review, 1998, 88, (3), 559-86 Downloads View citations (3618)
    See also Working Paper Financial Dependence and Growth, NBER Working Papers (1996) Downloads View citations (81) (1996)
  3. Power in a Theory of the Firm
    The Quarterly Journal of Economics, 1998, 113, (2), 387-432 Downloads View citations (486)
    See also Working Paper Power in a Theory of the Firm, CEPR Discussion Papers (1998) Downloads View citations (480) (1998)
  4. The Paradox of Liquidity
    The Quarterly Journal of Economics, 1998, 113, (3), 733-771 Downloads View citations (406)
    See also Working Paper The Paradox of Liquidity, CRSP working papers (1998) View citations (390) (1998)
  5. The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens
    Journal of Money, Credit and Banking, 1998, 30, (3), 524-50 View citations (56)
    Also in Proceedings, 1998, (Aug), 524-550 (1998) View citations (53)

    See also Working Paper The Past and Future of Commercial Banking Viewed Through an Incomplete Contract Lens, CRSP working papers
  6. WHICH CAPITALISM? LESSONS FORM THE EAST ASIAN CRISIS
    Journal of Applied Corporate Finance, 1998, 11, (3), 40-48 Downloads View citations (48)
    See also Working Paper Which Capitalism? Lessons from the East Asian Crisis, CRSP working papers (1998) Downloads View citations (221) (1998)

1997

  1. Analyst Following of Initial Public Offerings
    Journal of Finance, 1997, 52, (2), 507-29 Downloads View citations (202)
  2. Organization structure and credibility: Evidence from commercial bank securities activities before the Glass-Steagall Act
    Journal of Monetary Economics, 1997, 39, (3), 475-516 Downloads View citations (71)
    See also Working Paper Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act, NBER Working Papers (1995) Downloads View citations (4) (1995)
  3. Trade Credit: Theories and Evidence
    The Review of Financial Studies, 1997, 10, (3), 661-91 View citations (887)
    See also Working Paper Trade Credit: Theories and Evidence, NBER Working Papers (1996) Downloads View citations (18) (1996)

1996

  1. Comment on Interbank Lending and System Risk
    Journal of Money, Credit and Banking, 1996, 28, (4), 763-65 Downloads View citations (4)
  2. WHY BANKS HAVE A FUTURE: TOWARD A NEW THEORY OF COMMERCIAL BANKING
    Journal of Applied Corporate Finance, 1996, 9, (2), 114-128 Downloads View citations (13)

1995

  1. Covenants and Collateral as Incentives to Monitor
    Journal of Finance, 1995, 50, (4), 1113-46 Downloads View citations (460)
  2. The Effect of Credit Market Competition on Lending Relationships
    The Quarterly Journal of Economics, 1995, 110, (2), 407-443 Downloads View citations (1457)
    See also Working Paper The Effect of Credit Market Competition on Lending Relationships, NBER Working Papers (1994) Downloads View citations (67) (1994)
  3. What Do We Know about Capital Structure? Some Evidence from International Data
    Journal of Finance, 1995, 50, (5), 1421-60 Downloads View citations (2369)
    See also Working Paper What Do We Know About Capital Structure? Some Evidence from International Data, NBER Working Papers (1994) Downloads View citations (14) (1994)

1994

  1. Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking before 1933
    American Economic Review, 1994, 84, (4), 810-32 Downloads View citations (199)
  2. The Benefits of Lending Relationships: Evidence from Small Business Data
    Journal of Finance, 1994, 49, (1), 3-37 Downloads View citations (2407)
  3. Why Bank Credit Policies Fluctuate: A Theory and Some Evidence
    The Quarterly Journal of Economics, 1994, 109, (2), 399-441 Downloads View citations (473)

1992

  1. Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt
    Journal of Finance, 1992, 47, (4), 1367-400 Downloads View citations (1755)

Books

2016

  1. Fault Lines: How Hidden Fractures Still Threaten the World Economy: With a new afterword by the author
    Economics Books, Princeton University Press View citations (1)

2012

  1. Market Institutions and Financial Market Risk
    NBER Books, National Bureau of Economic Research, Inc View citations (3)

2010

  1. Fault Lines: How Hidden Fractures Still Threaten the World Economy
    Economics Books, Princeton University Press View citations (621)
  2. The Squam Lake Report: Fixing the Financial System
    Economics Books, Princeton University Press View citations (110)
    See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) Downloads View citations (120) (2010)

2009

  1. A New Bretton Woods?
    World Bank Publications - Books, The World Bank Group Downloads

2006

  1. Corporate Alliances
    NBER Books, National Bureau of Economic Research, Inc View citations (3)
  2. Financial globalisation
    BIS Papers, Bank for International Settlements Downloads

Chapters

2023

  1. Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested
    A chapter in NBER International Seminar on Macroeconomics 2023, 2023
    See also Journal Article Sovereign debt and economic growth when government is myopic and self-interested, Elsevier (2024) Downloads (2024)
    Working Paper Sovereign Debt and Economic Growth when Government is Myopic and Self-interested, National Bureau of Economic Research, Inc (2022) Downloads (2022)

2017

  1. Comment on "Credit Market Freezes"
    A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 537-542

2016

  1. Introduction
    A chapter in Fault Lines: How Hidden Fractures Still Threaten the World Economy: With a new afterword by the author, 2016 Downloads

2010

  1. Introduction
    A chapter in Fault Lines: How Hidden Fractures Still Threaten the World Economy, 2010 Downloads
  2. Introduction
    A chapter in The Squam Lake Report: Fixing the Financial System, 2010 Downloads
  3. Market Institutions, Financial Market Risks, and the Financial Crisis
    A chapter in Market Institutions and Financial Market Risk, 2010 View citations (39)

2007

  1. Benign Financial Conditions, Asset Management, and Political Risks: Trying to Make Sense of Our Times
    Chapter 3 in International Financial Instability Global Banking and National Regulation, 2007, pp 19-28 Downloads

2002

  1. NBER Conference on Corporate Alliances
    A chapter in Corporate Alliances, 2002
    See also Journal Article NBER Conference on corporate alliances, Elsevier (2006) Downloads View citations (7) (2006)

2000

  1. The Eclipse of the U.S. Tire Industry
    A chapter in Mergers and Productivity, 2000, pp 51-92 Downloads View citations (2)
    See also Working Paper The Eclipse of the U.S. Tire Industry, U.S. Census Bureau, Center for Economic Studies (1997) Downloads (1997)
 
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