Details about Bruce D. Smith

Homepage:	http://www.eco.utexas.edu/~bsmith/
Postal address:	Bruce Smith passed away in 2002. This entry is maintained by the RePEc team.

Access statistics for papers by Bruce D. Smith.

Last updated 2009-05-26. Update your information in the RePEc Author Service.

Short-id: psm3

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Working Papers

2005

1. Monopoly versus Competition in Banking: Some Implications for Growth and Welfare
   2005 Meeting Papers, Society for Economic Dynamics

2004

2. Credit Market Imperfections and International Capital Market Flows
   2004 Meeting Papers, Society for Economic Dynamics

2003

3. Crisis in Competitive versus Monopolistic Banking Systems
   IMF Working Papers, International Monetary Fund View citations
   See also Journal Article in Journal of Money, Credit and Banking (2004)
4. The social value of risk-free government debt
   Research Working Paper, Federal Reserve Bank of Kansas City View citations
   See also Journal Article in Annals of Finance (2008)

2002

5. Intermediaries and payments instruments
   Working Papers, Federal Reserve Bank of St. Louis
   See also Journal Article in Journal of Economic Theory (2003)
6. Monetary, Fiscal, and Bank Regulatory Policy in a Simple Monetary Growth Model
   Staff General Research Papers, Iowa State University, Department of Economics View citations
   Also in Working Papers, Centro de Investigacion Economica, ITAM (1995) View citations
7. Some Even More Unpleasant Monetarist Arithmetic
   Staff General Research Papers, Iowa State University, Department of Economics View citations
   See also Journal Article in Canadian Journal of Economics (1998)

2001

8. Socially excessive bankruptcy costs and the benefits of interest rate ceilings on loans
   Working Paper, Federal Reserve Bank of Atlanta
9. The conduct of monetary policy with a shrinking stock of government debt
   Research Working Paper, Federal Reserve Bank of Kansas City
   See also Journal Article in Journal of Money, Credit and Banking (2002)
10. The sub-optimality of the Friedman rule and the optimum quantity of money
    IEHAS Discussion Papers, Institute of Economics, Hungarian Academy of Sciences View citations
11. The value of inside and outside money
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See also Journal Article in Journal of Monetary Economics (2003)
12. The value of inside and outside money: expanded version
    Working Papers, Federal Reserve Bank of St. Louis

2000

13. Barriers to international capital flows: when, why, how big, and for whom?
    Working Paper, Federal Reserve Bank of Atlanta View citations
14. Private and public circulating liabilities
    Working Papers, Federal Reserve Bank of St. Louis View citations
    See also Journal Article in Journal of Economic Theory (2001)

1999

15. Barriers to international capital flows: who should erect them and how big should they be?
    Working Paper, Federal Reserve Bank of Atlanta
16. On Government Credit Programs
    Computing in Economics and Finance 1999, Society for Computational Economics
    Also in Working Paper, Federal Reserve Bank of Atlanta (1998)
17. The evolution of cash transactions: some implications for monetary policy
    Research Working Paper, Federal Reserve Bank of Kansas City View citations
    Also in Financial Services working paper, Federal Reserve Bank of Cleveland (1997) View citations
    See also Journal Article in Journal of Monetary Economics (2000)

1998

18. Deposit insurance: a reconsideration
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Monetary Economics (2002)
19. Moral hazard under commercial and universal banking
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Money, Credit and Banking (1998)
20. Private money creation and the Suffolk Banking System
    Working Paper, Federal Reserve Bank of Cleveland View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1998) View citations
    See also Journal Article in Journal of Money, Credit and Banking (1999)
21. The Suffolk Bank and the Panic of 1837: how a private bank acted as a lender-of-last-resort
    Working Papers, Federal Reserve Bank of Minneapolis View citations

1997

22. Inflation and financial market performance
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1996) View citations
23. Inflation, Financial Markets and Long-Run Real Activity
    Working Papers, Centro de Investigacion Economica, ITAM View citations
    See also Journal Article in Journal of Monetary Economics (1999)
24. Lessons from a laissez-faire payments system: the Suffolk Banking System (1825–1858)
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Quarterly Review (1998)
25. Repeated insurance relationships in a costly state verification model: with an application to deposit insurance
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Monetary Economics (1998)
26. The effects of open market operations in a model of intermediation and growth
    Research Working Paper, Federal Reserve Bank of Kansas City
    Also in Working Paper, Federal Reserve Bank of Richmond (1994) View citations
    Working Papers, Federal Reserve Bank of Minneapolis (1995)
    See also Journal Article in Review of Economic Studies (1998)
27. What to Stabilize in the Open Economy?: Some Notes on a Problem of Keynes
    Working Papers, Centro de Investigacion Economica, ITAM View citations

1996

28. Financial Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy
    Working Papers, Centro de Investigacion Economica, ITAM View citations
    See also Journal Article in Journal of Economic Theory (1998)
29. The co-evolution of the real and financial sectors in the growth process
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in World Bank Economic Review (1996)
30. The use of debt and equity in optimal financial contracts
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Financial Intermediation (1999)

1995

31. Equity markets, transaction costs, and capital accumulation
    Policy Research Working Paper Series, The World Bank View citations
32. Financial Markets in Development, and the Development of Financial Markets
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1997)
33. Inflation, financial markets, and capital formation
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Proceedings (1996)
34. The evolution of debt and equity markets in economic development
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Economic Theory (1998)
35. Unemployment, migration, and growth
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (1997)

1994

36. Capital Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy
    Working Papers, Cornell - Department of Economics
37. Money, banking, and capital formation
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article in Journal of Economic Theory (1997)

1993

38. Financial Markets, Specialization, and Learning by Doing
    Working Papers, Rochester, Business - Quantitative Methods Working Paper Series
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1991) View citations
    See also Journal Article in Research in Economics (1998)
39. Liquidity of Secondary Capital Markets, Capital Accumulation, and the Term Structure of Asset Yields
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations
40. Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity Composition of the Capital Stock
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego
    See also Journal Article in Economic Theory (1995)

1992

41. Do Open Market Operations Matter? Theory and Evidence from the Second Bank of the Unites States
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in Journal of Economic Dynamics and Control (1996)
42. Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity of the Capital Stock
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)

1991

43. A Theory of Optimal Denomination for Gornment Liablities
    Working Papers, Rochester, Business - General
44. Currency Elasticity and Banking Panics: Theory and Evidence
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    Also in University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations (1991) View citations
    See also Journal Article in Canadian Journal of Economics (1996)
45. Government Borrowing using Bonds with Randomly Determined Returns: Welfare Improving Randomization in the Context of Deficit Finance
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in Journal of Monetary Economics (1998)
46. Indivisible Assets, Equilibrium, and the Value of Intermediary Output
    Working Papers, Rochester, Business - General View citations
47. Intermediation and the Equilibrium Allocation of Investment Capital: Implications for Economic for Economic Development
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
48. The Equilibrium Allocation of Investment Capital in the Presence of Adverse Selection and Costly State Verification
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Economic Theory (1993)

1990

49. DEFICITS, INFLATION, AND THE BANKING SYSTEM IN DEVELOPING COUNTRIES: THE OPTIMAL DEGREE OF FINANCIAL REPRESSION
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Oxford Economic Papers (1992)
50. SECTORAL EMPLOYMENT AND CYCLICAL FLUCTUATIONS IN AN ADVERSE SELECTION MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in International Economic Review (1995)

1989

51. ADVERSE SELECTION IN THE OVERLAPPING GENERATIONS MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
52. MULTIPLE AND SUNSPOT EQUILIBRIA UNDER INTEREST RATE AND MONEY SUPPLY RULES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)

1988

53. A BUSINESS CYCLE MODEL WITH PRIVATE INFORMATION
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in Journal of Labor Economics (1989)
54. A MODEL OF NOMINAL CONTRACTS
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Labor Economics (1989)
55. ADVERSE SELECTION, AGGREGATE UNCERTAINTY, AND THE ROLE FOR MUTUAL INSURANCE COMPANIES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
56. FINANCIAL INTERMEDIATION AND ENDOGENOUS GROWTH
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Review of Economic Studies (1991)
57. INTEREST ON RESERVES AND SUNSPOT EQUILIBRIA: FRIEDMAN'S PROPOSAL RECONSIDERED
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Review of Economic Studies (1991)
58. Organizations in economic analysis
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Canadian Journal of Economics (1988)
59. SOME CONSEQUENCES OF CREDIT RATIONING IN AN ENDOGENOUS GROWTH MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1993)
60. UNEMPLOYMENT, THE VARIABILITY OF HOURS, AND THE PERSISTENCE OF DISTURBANCES: A PRIVATE INFORMATION APPROACH
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in International Economic Review (1989)

1985

61. Limited information, money, and competitive equilibrium
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Canadian Journal of Economics (1986)

1983

62. Money, nonconvex preferences, and the existence of equilibrium: a note
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Economic Theory (1984)

1982

63. Human capital investment, and the inefficiency of compensation based on marginal productivity: the static case
    Working Papers, Federal Reserve Bank of Minneapolis
64. Money as a medium of transaction in the overlapping generations model
    Working Papers, Federal Reserve Bank of Minneapolis

Undated

65. Coinage, Debasements, and Gresham's Laws
    Papers, Stanford University, Hoover Institution View citations
    See also Journal Article in Economic Theory (1997)
66. Inflation and Financial Depth
    IMF Working Papers, International Monetary Fund View citations
    See also Journal Article in Macroeconomic Dynamics (2006)

Journal Articles

2008

1. The social value of risk-free government debt
   Annals of Finance, 2008, 4, (2), 131-155
   See also Working Paper (2003)

2006

2. INFLATION AND FINANCIAL DEPTH
   Macroeconomic Dynamics, 2006, 10, (02), 165-182 View citations
   See also Working Paper
3. The seasonality of banking failures during the late National Banking Era
   Canadian Journal of Economics, 2006, 39, (1), 296-319

2004

4. Crises in Competitive versus Monopolistic Banking Systems
   Journal of Money, Credit and Banking, 2004, 36, (3), 487-506 View citations
   Also in Proceedings, 2004, 487-509 (2004) View citations
   See also Working Paper (2003)
5. Deposit insurance and bank regulation in a monetary economy: a general equilibrium exposition
   Economic Theory, 2004, 24, (4), 741-767 View citations

2003

6. Intermediaries and payments instruments
   Journal of Economic Theory, 2003, 109, (2), 172-197 View citations
   See also Working Paper (2002)
7. Monetary policy and financial market evolution
   Review, 2003, (Jul), 7-26 View citations
8. SEASONALITY AND MONETARY POLICY
   Macroeconomic Dynamics, 2003, 7, (04), 477-502 View citations
9. Taking intermediation seriously
   Proceedings, 2003, 1319-1377 View citations
10. The value of inside and outside money
    Journal of Monetary Economics, 2003, 50, (2), 389-417 View citations
    See also Working Paper (2001)

2002

11. Deposit insurance: a reconsideration
    Journal of Monetary Economics, 2002, 49, (6), 1235-1260 View citations
    See also Working Paper (1998)
12. In Memoriam
    Journal of Financial Intermediation, 2002, 11, (4), 351-352
13. Monetary Policy and Government Credit Programs
    Journal of Financial Intermediation, 2002, 11, (3), 232-268 View citations
14. Monetary Policy, Banking Crises, and the Friedman Rule
    American Economic Review, 2002, 92, (2), 128-134 View citations
15. The Conduct of Monetary Policy with a Shrinking Stock of Government Debt
    Journal of Money, Credit and Banking, 2002, 34, (3), 848-82 View citations
    Also in Proceedings, 2002, 848-886 (2002) View citations
    See also Working Paper (2001)
16. What to stabilize in the open economy
    International Economic Review, 2002, 43, (4), 1289-1307 View citations

2001

17. Banks, short-term debt and financial crises: theory, policy implications, and applications A comment
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 73-83 View citations
18. Dollarization and the Integration of International Capital Markets: A Contribution to the Theory of Optimal Currency Areas
    Journal of Money, Credit and Banking, 2001, 33, (2), 548-89 View citations
    Also in Proceedings, 2001, 548-596 (2001) View citations
19. Introduction to Monetary and Financial Arrangements
    Journal of Economic Theory, 2001, 99, (1-2), 1-21
20. Private and Public Circulating Liabilities
    Journal of Economic Theory, 2001, 99, (1-2), 59-116 View citations
    See also Working Paper (2000)
21. The impact of inflation on financial sector performance
    Journal of Monetary Economics, 2001, 47, (2), 221-248 View citations

2000

22. Deposit Insurance and Lender-of-Last-Resort Functions
    Journal of Money, Credit and Banking, 2000, 32, (3), 518-75 View citations
    Also in Proceedings, 2000, 518-579 (2000) View citations
23. Secondary Capital Markets, Long-Run Growth, and the Term Structure of Asset Yields
    International Economic Review, 2000, 41, (3), 769-800
24. The Suffolk Bank and the Panic of 1837
    Quarterly Review, 2000, (Spr), 3-13 View citations
25. The evolution of cash transactions: Some implications for monetary policy
    Journal of Monetary Economics, 2000, 46, (1), 97-120 View citations
    See also Working Paper (1999)

1999

26. Adverse selection in a neoclassical growth model
    The North American Journal of Economics and Finance, 1999, 10, (2), 339-361
27. Inflation and asset returns
    European Economic Review, 1999, 43, (4-6), 737-754 View citations
28. Inflation, financial markets and long-run real activity
    Journal of Monetary Economics, 1999, 43, (2), 283-315 View citations
    See also Working Paper (1997)
29. Private Money Creation and the Suffolk Banking System
    Journal of Money, Credit and Banking, 1999, 31, (3), 624-59 View citations
    Also in Proceedings, 1999, 624-667 (1999) View citations
    See also Working Paper (1998)
30. The Use of Debt and Equity in Optimal Financial Contracts
    Journal of Financial Intermediation, 1999, 8, (4), 270-316 View citations
    See also Working Paper (1996)

1998

31. Economic development and financial depth in a model with costly financial intermediation
    Research in Economics, 1998, 52, (4), 363-386 View citations
32. Financial Intermediation and Regime Switching in Business Cycles
    American Economic Review, 1998, 88, (3), 516-36 View citations
33. Financial Market Frictions, Monetary Policy, and Capital Accumulation in a Small Open Economy
    Journal of Economic Theory, 1998, 81, (2), 353-400 View citations
    See also Working Paper (1996)
34. Financial markets, specialization, and learning by doing
    Research in Economics, 1998, 52, (4), 333-361 View citations
    See also Working Paper (1993)
35. Government borrowing using bonds with randomly determined returns: Welfare improving randomization in the context of deficit finance
    Journal of Monetary Economics, 1998, 41, (2), 351-370 View citations
    See also Working Paper (1991)
36. Great Inflations of the 20th Century: Theories, Policies and Evidence. Edited by P. L. Siklos. Cornwall: Edward Elgar Publishing, 1995. Pp. xiv, 308. $79.95
    The Journal of Economic History, 1998, 58, (01), 249-251
37. James Madison's monetary economics
    Economic Review, 1998, (Q I), 7-20
38. Lessons from a laissez-faire payments system: the Suffolk Banking System (1825-58)
    Quarterly Review, 1998, (Sum), 11-21 View citations
    Also in Review, 1998, (May), 105-116 (1998) View citations
    See also Working Paper (1997)
39. Moral Hazard under Commercial and Universal Banking
    Journal of Money, Credit and Banking, 1998, 30, (3), 426-68 View citations
    Also in Proceedings, 1998, (Aug), 426-471 (1998) View citations
    See also Working Paper (1998)
40. Repeated insurance relationships in a costly state verification model: With an application to deposit insurance
    Journal of Monetary Economics, 1998, 42, (2), 207-240 View citations
    See also Working Paper (1997)
41. Some Even More Unpleasant Monetarist Arithmetic
    Canadian Journal of Economics, 1998, 31, (3), 596-623 View citations
    See also Working Paper (2002)
42. The Effects of Open Market Operations in a Model of Intermediation and Growth
    Review of Economic Studies, 1998, 65, (3), 519-50 View citations
    See also Working Paper (1997)
43. The evolution of debt and equity markets in economic development
    Economic Theory, 1998, 12, (3), 519-560 View citations
    See also Working Paper (1995)
44. research articles
    Economic Theory, 1998, 11, (2), 241-273

1997

45. Capital Market Imperfections, International Credit Markets, and Nonconvergence
    Journal of Economic Theory, 1997, 73, (2), 335-364 View citations
46. Coinage, debasements, and Gresham's laws
    Economic Theory, 1997, 10, (2), 197-226 View citations
    See also Working Paper
47. Financial markets in development, and the development of financial markets
    Journal of Economic Dynamics and Control, 1997, 21, (1), 145-181 View citations
    See also Working Paper (1995)
48. Liquidity of secondary capital markets: Allocative efficiency and the maturity composition of the capital stock
    Economic Theory, 1995, 7, (1), 19-50
    Also in Economic Theory, 1996, 7, (1), 19-50 (1996) View citations
    See also Working Paper (1993)
49. Money, Banking, and Capital Formation
    Journal of Economic Theory, 1997, 73, (1), 157-182 View citations
    See also Working Paper (1994)
50. Money, Banking, and the Determination of Real and Nominal Exchange Rates
    International Economic Review, 1997, 38, (3), 703-34 View citations
51. Unemployment, Migration, and Growth
    Journal of Political Economy, 1997, 105, (3), 582-608 View citations
    See also Working Paper (1995)

1996

52. Credit market imperfections and economic development: Theory and evidence
    Journal of Development Economics, 1996, 48, (2), 351-387 View citations
53. Currency Elasticity and Banking Panics: Theory and Evidence
    Canadian Journal of Economics, 1996, 29, (4), 828-64 View citations
    See also Working Paper (1991)
54. Do open market operations matter? Theory and evidence from the Second Bank of the United States
    Journal of Economic Dynamics and Control, 1996, 20, (1-3), 479-519
    See also Working Paper (1992)
55. Equity Markets, Transactions Costs, and Capital Accumulation: An Illustration
    World Bank Economic Review, 1996, 10, (2), 241-65 View citations
56. Inflation, financial markets and capital formation
    Proceedings, 1996, (May), 9-35 View citations
    See also Working Paper (1995)
57. Private Information, Money, and Growth: Indeterminacy, Fluctuations, and the Mundell-Tobin Effect
    Journal of Economic Growth, 1996, 1, (3), 309-32 View citations
58. The Coevolution of the Real and Financial Sectors in the Growth Process
    World Bank Economic Review, 1996, 10, (2), 371-96 View citations
    See also Working Paper (1996)

1995

59. A Theory of Mutual Formation and Moral Hazard with Evidence from the History of the Insurance Industry
    Review of Financial Studies, 1995, 8, (2), 545-77 View citations
60. Indivisible Assets, Equilibrium, and the Value of Intermediation
    Journal of Financial Intermediation, 1995, 4, (1), 48-76 View citations
61. Is there a "credit channel" for monetary policy? (commentary)
    Proceedings, 1995, (May), 78-82
62. Sectoral Employment and Cyclical Fluctuations in an Adverse Selection Model
    International Economic Review, 1995, 36, (2), 261-81 View citations
    See also Working Paper (1990)
63. Transactions Costs, Technological Choice, and Endogenous Growth
    Journal of Economic Theory, 1995, 67, (1), 153-177 View citations

1994

64. Efficiency and Determinacy of Equilibrium under Inflation Targeting
    Economic Theory, 1994, 4, (3), 327-44 View citations
65. How Good Are Standard Debt Contracts? Stochastic versus Nonstochastic Monitoring in a Costly State Verification Environment
    Journal of Business, 1994, 67, (4), 539-61 View citations
66. Mischief and monetary history Friedman and Schwartz thirty years later
    Journal of Monetary Economics, 1994, 34, (1), 27-46 View citations

1993

67. A Theory of Optimal Denominations for Government Liabilities
    Economic Theory, 1993, 3, (4), 597-623
68. Adverse Selection in the Overlapping Generations Model: The Case of Pure Exchange
    Journal of Economic Theory, 1993, 60, (2), 277-305 View citations
69. In order to form a more perfect monetary union
    Quarterly Review, 1993, (Fall), 2-13 View citations
70. Some consequences of credit rationing in an endogenous growth model
    Journal of Economic Dynamics and Control, 1993, 17, (1-2), 97-122 View citations
    See also Working Paper (1988)
71. The Equilibrium Allocation of Investment Capital in the Presence of Adverse Selection and Costly State Verification
    Economic Theory, 1993, 3, (3), 427-51 View citations
    See also Working Paper (1991)

1992

72. Accuracy versus efficiency when modelling investment
    Economic Modelling, 1992, 9, (2), 98-103
73. Deficits, Inflation, and the Banking System in Developing Countries: The Optimal Degree of Financial Repression
    Oxford Economic Papers, 1992, 44, (4), 767-90 View citations
    See also Working Paper (1990)
74. Intermediation and the equilibrium allocation of investment capital: Implications for economic development
    Journal of Monetary Economics, 1992, 30, (3), 409-432 View citations

1991

75. Bank Panics, Suspensions, and Geography: Some Notes on the "Contagion of Fear" in Banking
    Economic Inquiry, 1991, 29, (2), 230-48 View citations
76. Financial Intermediation and Endogenous Growth
    Review of Economic Studies, 1991, 58, (2), 195-209 View citations
    See also Working Paper (1988)
77. Interest on Reserves and Sunspot Equilibria: Friedman's Proposal Reconsidered
    Review of Economic Studies, 1991, 58, (1), 93-105 View citations
    See also Working Paper (1988)

1990

78. Adverse Selection, Aggregate Uncertainty, and the Role for Mutual Insurance Contracts
    Journal of Business, 1990, 63, (4), 493-510 View citations
79. Adverse selection and mutuality: The case of the farm credit system
    Journal of Financial Intermediation, 1990, 1, (2), 125-149

1989

80. A Business Cycle Model with Private Information
    Journal of Labor Economics, 1989, 7, (2), 210-37 View citations
    See also Working Paper (1988)
81. A Model of Nominal Contracts
    Journal of Labor Economics, 1989, 7, (4), 392-414 View citations
    See also Working Paper (1988)
82. Credit Rationing and Government Loan Programs: A Welfare Analysis
    Real Estate Economics, 1989, 17, (2), 177-193 View citations
83. Dynamic coalition formation and equilibrium policy selection
    Journal of Monetary Economics, 1989, 24, (2), 211-233
84. Legal restrictions, "sunspots," and cycles
    Journal of Economic Theory, 1989, 47, (2), 369-392
85. Unemployment, the Variability of Hours, and the Persistence of "Disturbances": A Private Information Approach
    International Economic Review, 1989, 30, (4), 921-38
    See also Working Paper (1988)

1988

86. Legal Restrictions, "Sunspots," and Peel's Bank Act: The Real Bills Doctrine versus the Quantity Theory Reconsidered
    Journal of Political Economy, 1988, 96, (1), 3-19 View citations
87. Organizations in Economic Analysis
    Canadian Journal of Economics, 1988, 21, (3), 477-91 View citations
    See also Working Paper (1988)
88. The relationship between money and prices: some historical evidence reconsidered
    Quarterly Review, 1988, (Sum), 18-32 View citations

1987

89. Irrelevance of Open Market Operations in Some Economies with Government Currency Being Dominated in Rate of Return
    American Economic Review, 1987, 77, (1), 78-92 View citations

1986

90. Limited Information, Money, and Competitive Equilibrium
    Canadian Journal of Economics, 1986, 19, (4), 780-97 View citations
    See also Working Paper (1985)

1985

91. American Colonial Monetary Regimes: The Failure of the Quantity Theory and Some Evidence in Favour of an Alternative View
    Canadian Journal of Economics, 1985, 18, (3), 531-65 View citations
92. Government Expenditures, Defictis, and Inflation: On the Impossibility of a Balanced Budget
    The Quarterly Journal of Economics, 1985, 100, (3), 715-45
93. Some Colonial Evidence on Two Theories of Money: Maryland and the Carolinas
    Journal of Political Economy, 1985, 93, (6), 1178-1211 View citations

1984

94. Money and inflation in colonial Massachusetts
    Quarterly Review, 1984, (Win) View citations
95. Money, nonconvex preferences, and the existence of equilibrium: A note
    Journal of Economic Theory, 1984, 32, (2), 359-366
    See also Working Paper (1983)
96. Private information, deposit interest rates, and the `stability' of the banking system
    Journal of Monetary Economics, 1984, 14, (3), 293-317 View citations

1983

97. Limited Information, Credit Rationing, and Optimal Government Lending Policy
    American Economic Review, 1983, 73, (3), 305-18 View citations
98. The standard of living debate, rational expectations, and neutrality: Some evidence from the industrial revolution
    Journal of Monetary Economics, 1983, 12, (4), 571-593