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Details about Bruce D. Smith

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Homepage:http://www.utexas.edu/faculty/council/2003-2004/memorials/smith/smith.html

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Last updated 2014-07-08. 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 View citations (3)

2004

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

2003

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

2002

  1. Intermediaries and payments instruments
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (1)
    See also Journal Article in Journal of Economic Theory (2003)

2001

  1. Inflation and Financial Depth
    IMF Working Papers, International Monetary Fund Downloads View citations (13)
    See also Journal Article in Macroeconomic Dynamics (2006)
  2. Socially excessive bankruptcy costs and the benefits of interest rate ceilings on loans
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (1)
  3. The conduct of monetary policy with a shrinking stock of government debt
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads
    See also Journal Article in Journal of Money, Credit and Banking (2002)
  4. The sub-optimality of the Friedman rule and the optimum quantity of money
    IEHAS Discussion Papers, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences Downloads View citations (20)
    See also Journal Article in Annals of Economics and Finance (2013)
  5. The value of inside and outside money
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)
    See also Journal Article in Journal of Monetary Economics (2003)
  6. The value of inside and outside money: expanded version
    Working Papers, Federal Reserve Bank of St. Louis Downloads

2000

  1. A User's Guide to Banking Crises
    Monash Economics Working Papers, Monash University, Department of Economics Downloads View citations (36)
    See also Journal Article in Annals of Economics and Finance (2014)
  2. Barriers to international capital flows: when, why, how big, and for whom?
    Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)
  3. Private and public circulating liabilities
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)
    See also Journal Article in Journal of Economic Theory (2001)

1999

  1. Barriers to international capital flows: who should erect them and how big should they be?
    Working Paper, Federal Reserve Bank of Atlanta Downloads
  2. On Government Credit Programs
    Computing in Economics and Finance 1999, Society for Computational Economics
    Also in Working Paper, Federal Reserve Bank of Atlanta (1998) Downloads
  3. The evolution of cash transactions: some implications for monetary policy
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (1)
    Also in Financial Services working paper, Federal Reserve Bank of Cleveland (1997) Downloads View citations (1)

    See also Journal Article in Journal of Monetary Economics (2000)

1998

  1. Deposit insurance: a reconsideration
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (6)
    See also Journal Article in Journal of Monetary Economics (2002)
  2. Moral hazard under commercial and universal banking
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (55)
    See also Journal Article in Journal of Money, Credit and Banking (1998)
  3. Private money creation and the Suffolk Banking System
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (5)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (5)

    See also Journal Article in Journal of Money, Credit and Banking (1999)
  4. Repeated Insurance Relationships in a Costly State Verification Model: With an Application to Deposit Insurance
    Staff General Research Papers, Iowa State University, Department of Economics View citations (5)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1997) Downloads

    See also Journal Article in Journal of Monetary Economics (1998)
  5. Some Even More Unpleasant Monetarist Arithmetic
    Staff General Research Papers, Iowa State University, Department of Economics View citations (7)
    See also Journal Article in Canadian Journal of Economics (1998)
  6. 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 Downloads View citations (5)

1997

  1. Inflation and financial market performance
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (9)
    Also in Working Paper, Federal Reserve Bank of Cleveland (1996) Downloads View citations (13)
  2. Inflation, Financial Markets and Long-Run Real Activity
    Working Papers, Centro de Investigacion Economica, ITAM View citations (12)
    See also Journal Article in Journal of Monetary Economics (1999)
  3. Lessons from a laissez-faire payments system: the Suffolk Banking System (1825–1858)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  4. Monetary, Fiscal, and Bank Regulatory Policy in a Simple Monetary Growth Model
    Staff General Research Papers, Iowa State University, Department of Economics View citations (10)
    Also in Working Papers, Centro de Investigacion Economica, ITAM (1995) View citations (13)
  5. 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) Downloads View citations (3)
    Working Papers, Federal Reserve Bank of Minneapolis (1995) Downloads

    See also Journal Article in Review of Economic Studies (1998)
  6. What to Stabilize in the Open Economy?: Some Notes on a Problem of Keynes
    Working Papers, Centro de Investigacion Economica, ITAM

1996

  1. Financial Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy
    Working Papers, Centro de Investigacion Economica, ITAM View citations (6)
    See also Journal Article in Journal of Economic Theory (1998)
  2. The co-evolution of the real and financial sectors in the growth process
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (15)
    See also Journal Article in World Bank Economic Review (1996)
  3. The use of debt and equity in optimal financial contracts
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    See also Journal Article in Journal of Financial Intermediation (1999)

1995

  1. Equity markets, transaction costs, and capital accumulation
    Policy Research Working Paper Series, The World Bank Downloads View citations (8)
  2. Financial Markets in Development, and the Development of Financial Markets
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (2)
    See also Journal Article in Journal of Economic Dynamics and Control (1997)
  3. Inflation, financial markets, and capital formation
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in Proceedings (1996)
  4. The evolution of debt and equity markets in economic development
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (8)
    See also Journal Article in Economic Theory (1998)
  5. Unemployment, migration, and growth
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (6)
    See also Journal Article in Journal of Political Economy (1997)

1994

  1. Capital Market Frictions, Monetary Policy and Capital Accumulation in a Small Open Economy
    Working Papers, Cornell - Department of Economics View citations (1)
  2. Money, banking, and capital formation
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (1)
    See also Journal Article in Journal of Economic Theory (1997)

1993

  1. 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 (7)

    See also Journal Article in Research in Economics (1998)

1992

  1. 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)
  2. 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) View citations (1)

1991

  1. A Theory of Optimal Denomination for Gornment Liablities
    Working Papers, Rochester, Business - General
  2. Currency Elasticity and Banking Panics: Theory and Evidence
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)
    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 (23)

    See also Journal Article in Canadian Journal of Economics (1996)
  3. 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) View citations (2)
    See also Journal Article in Journal of Monetary Economics (1998)
  4. Indivisible Assets, Equilibrium, and the Value of Intermediary Output
    Working Papers, Rochester, Business - General View citations (2)
  5. 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)
  6. 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 (1)
    See also Journal Article in Economic Theory (1993)

1990

  1. 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 (12)
    See also Journal Article in Oxford Economic Papers (1992)
  2. SECTORAL EMPLOYMENT AND CYCLICAL FLUCTUATIONS IN AN ADVERSE SELECTION MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)
    See also Journal Article in International Economic Review (1995)

1989

  1. ADVERSE SELECTION IN THE OVERLAPPING GENERATIONS MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)
  2. MULTIPLE AND SUNSPOT EQUILIBRIA UNDER INTEREST RATE AND MONEY SUPPLY RULES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)

1988

  1. 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)
  2. A MODEL OF NOMINAL CONTRACTS
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (3)
    See also Journal Article in Journal of Labor Economics (1989)
  3. ADVERSE SELECTION, AGGREGATE UNCERTAINTY, AND THE ROLE FOR MUTUAL INSURANCE COMPANIES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
  4. FINANCIAL INTERMEDIATION AND ENDOGENOUS GROWTH
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (76)
    See also Journal Article in Review of Economic Studies (1991)
  5. INTEREST ON RESERVES AND SUNSPOT EQUILIBRIA: FRIEDMAN'S PROPOSAL RECONSIDERED
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (2)
    See also Journal Article in Review of Economic Studies (1991)
  6. Organizations in economic analysis
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (16)
    See also Journal Article in Canadian Journal of Economics (1988)
  7. SOME CONSEQUENCES OF CREDIT RATIONING IN AN ENDOGENOUS GROWTH MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (2)
    See also Journal Article in Journal of Economic Dynamics and Control (1993)
  8. 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

  1. Limited information, money, and competitive equilibrium
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    See also Journal Article in Canadian Journal of Economics (1986)

1983

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

1982

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

Journal Articles

2014

  1. A User's Guide to Banking Crises
    Annals of Economics and Finance, 2014, 15, (2), 800-892 Downloads View citations (1)
    See also Working Paper (2000)

2013

  1. The sub-optimality of the Friedman rule and the optimum quantity of money
    Annals of Economics and Finance, 2013, 14, (2), 911-948 Downloads
    See also Working Paper (2001)

2010

  1. THE TIMING OF TAX COLLECTIONS AND THE STRUCTURE OF “IRRELEVANCE” THEOREMS IN A CASH-IN-ADVANCE MODEL
    Macroeconomic Dynamics, 2010, 14, (04), 585-603 Downloads

2008

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

2006

  1. INFLATION AND FINANCIAL DEPTH
    Macroeconomic Dynamics, 2006, 10, (02), 165-182 Downloads View citations (12)
    See also Working Paper (2001)
  2. The seasonality of banking failures during the late National Banking Era
    Canadian Journal of Economics, 2006, 39, (1), 296-319 Downloads

2004

  1. Crises in Competitive versus Monopolistic Banking Systems
    Journal of Money, Credit and Banking, 2004, 36, (3), 487-506 View citations (19)
    Also in Proceedings, 2004, 487-509 (2004) View citations (19)

    See also Working Paper (2003)
  2. Deposit insurance and bank regulation in a monetary economy: a general equilibrium exposition
    Economic Theory, 2004, 24, (4), 741-767 Downloads View citations (5)

2003

  1. Intermediaries and payments instruments
    Journal of Economic Theory, 2003, 109, (2), 172-197 Downloads View citations (10)
    See also Working Paper (2002)
  2. Monetary policy and financial market evolution
    Review, 2003, (Jul), 7-26 Downloads View citations (5)
  3. SEASONALITY AND MONETARY POLICY
    Macroeconomic Dynamics, 2003, 7, (04), 477-502 Downloads View citations (8)
  4. Taking intermediation seriously
    Proceedings, 2003, 1319-1377 View citations (19)
  5. The value of inside and outside money
    Journal of Monetary Economics, 2003, 50, (2), 389-417 Downloads View citations (11)
    See also Working Paper (2001)

2002

  1. Deposit insurance: a reconsideration
    Journal of Monetary Economics, 2002, 49, (6), 1235-1260 Downloads View citations (15)
    See also Working Paper (1998)
  2. In Memoriam
    Journal of Financial Intermediation, 2002, 11, (4), 351-352 Downloads
  3. Monetary Policy and Government Credit Programs
    Journal of Financial Intermediation, 2002, 11, (3), 232-268 Downloads
  4. Monetary Policy, Banking Crises, and the Friedman Rule
    American Economic Review, 2002, 92, (2), 128-134 Downloads View citations (32)
  5. 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 (18)
    Also in Proceedings, 2002, 848-886 (2002) View citations (17)

    See also Working Paper (2001)
  6. What to stabilize in the open economy
    International Economic Review, 2002, 43, (4), 1289-1307 Downloads View citations (6)

2001

  1. 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 Downloads View citations (1)
  2. 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 (1)
    Also in Proceedings, 2001, 548-596 (2001) View citations (3)
  3. Introduction to Monetary and Financial Arrangements
    Journal of Economic Theory, 2001, 99, (1-2), 1-21 Downloads
  4. Private and Public Circulating Liabilities
    Journal of Economic Theory, 2001, 99, (1-2), 59-116 Downloads View citations (8)
    See also Working Paper (2000)
  5. The impact of inflation on financial sector performance
    Journal of Monetary Economics, 2001, 47, (2), 221-248 Downloads View citations (169)

2000

  1. Deposit Insurance and Lender-of-Last-Resort Functions
    Journal of Money, Credit and Banking, 2000, 32, (3), 518-75 View citations (14)
    Also in Proceedings, 2000, 518-579 (2000) View citations (13)
  2. Secondary Capital Markets, Long-Run Growth, and the Term Structure of Asset Yields
    International Economic Review, 2000, 41, (3), 769-800
  3. The Suffolk Bank and the Panic of 1837
    Quarterly Review, 2000, (Spr), 3-13 Downloads View citations (1)
  4. The evolution of cash transactions: Some implications for monetary policy
    Journal of Monetary Economics, 2000, 46, (1), 97-120 Downloads View citations (11)
    See also Working Paper (1999)

1999

  1. Adverse selection in a neoclassical growth model
    The North American Journal of Economics and Finance, 1999, 10, (2), 339-361 Downloads View citations (2)
  2. Inflation and asset returns
    European Economic Review, 1999, 43, (4-6), 737-754 Downloads View citations (28)
  3. Inflation, financial markets and long-run real activity
    Journal of Monetary Economics, 1999, 43, (2), 283-315 Downloads View citations (57)
    See also Working Paper (1997)
  4. Private Money Creation and the Suffolk Banking System
    Journal of Money, Credit and Banking, 1999, 31, (3), 624-59 View citations (20)
    Also in Proceedings, 1999, 624-667 (1999) View citations (17)

    See also Working Paper (1998)
  5. The Use of Debt and Equity in Optimal Financial Contracts
    Journal of Financial Intermediation, 1999, 8, (4), 270-316 Downloads View citations (12)
    See also Working Paper (1996)

1998

  1. Capital market imperfections in a monetary growth model
    Economic Theory, 1998, 11, (2), 241-273 Downloads View citations (32)
  2. Economic development and financial depth in a model with costly financial intermediation
    Research in Economics, 1998, 52, (4), 363-386 Downloads View citations (5)
  3. Financial Intermediation and Regime Switching in Business Cycles
    American Economic Review, 1998, 88, (3), 516-36 Downloads View citations (70)
  4. Financial Market Frictions, Monetary Policy, and Capital Accumulation in a Small Open Economy
    Journal of Economic Theory, 1998, 81, (2), 353-400 Downloads View citations (24)
    See also Working Paper (1996)
  5. Financial markets, specialization, and learning by doing
    Research in Economics, 1998, 52, (4), 333-361 Downloads View citations (6)
    See also Working Paper (1993)
  6. 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 Downloads View citations (3)
    See also Working Paper (1991)
  7. 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 Downloads
  8. James Madison's monetary economics
    Economic Review, 1998, (Q I), 7-20 Downloads View citations (1)
  9. Lessons from a laissez-faire payments system: the Suffolk Banking System (1825-58)
    Quarterly Review, 1998, (Sum), 11-21 Downloads View citations (10)
    Also in Review, 1998, (May), 105-116 (1998) Downloads View citations (6)
  10. Moral Hazard under Commercial and Universal Banking
    Journal of Money, Credit and Banking, 1998, 30, (3), 426-68 View citations (50)
    Also in Proceedings, 1998, (Aug), 426-471 (1998) View citations (50)

    See also Working Paper (1998)
  11. Repeated insurance relationships in a costly state verification model: With an application to deposit insurance
    Journal of Monetary Economics, 1998, 42, (2), 207-240 Downloads View citations (6)
    See also Working Paper (1998)
  12. Some Even More Unpleasant Monetarist Arithmetic
    Canadian Journal of Economics, 1998, 31, (3), 596-623 Downloads View citations (10)
    See also Working Paper (1998)
  13. The Effects of Open Market Operations in a Model of Intermediation and Growth
    Review of Economic Studies, 1998, 65, (3), 519-50 Downloads View citations (30)
    See also Working Paper (1997)
  14. The evolution of debt and equity markets in economic development
    Economic Theory, 1998, 12, (3), 519-560 Downloads View citations (72)
    See also Working Paper (1995)

1997

  1. Capital Market Imperfections, International Credit Markets, and Nonconvergence
    Journal of Economic Theory, 1997, 73, (2), 335-364 Downloads View citations (52)
  2. Coinage, debasements, and Gresham's laws
    Economic Theory, 1997, 10, (2), 197-226 Downloads View citations (7)
  3. Financial markets in development, and the development of financial markets
    Journal of Economic Dynamics and Control, 1997, 21, (1), 145-181 Downloads View citations (130)
    See also Working Paper (1995)
  4. 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 (3)
  5. Money, Banking, and Capital Formation
    Journal of Economic Theory, 1997, 73, (1), 157-182 Downloads View citations (47)
    See also Working Paper (1994)
  6. Money, Banking, and the Determination of Real and Nominal Exchange Rates
    International Economic Review, 1997, 38, (3), 703-34 View citations (3)
  7. Unemployment, Migration, and Growth
    Journal of Political Economy, 1997, 105, (3), 582-608 Downloads View citations (36)
    See also Working Paper (1995)

1996

  1. Credit market imperfections and economic development: Theory and evidence
    Journal of Development Economics, 1996, 48, (2), 351-387 Downloads View citations (14)
  2. Currency Elasticity and Banking Panics: Theory and Evidence
    Canadian Journal of Economics, 1996, 29, (4), 828-64 Downloads View citations (117)
    See also Working Paper (1991)
  3. 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 Downloads
    See also Working Paper (1992)
  4. Equity Markets, Transactions Costs, and Capital Accumulation: An Illustration
    World Bank Economic Review, 1996, 10, (2), 241-65 View citations (16)
  5. Inflation, financial markets and capital formation
    Proceedings, 1996, (May), 9-35 Downloads View citations (16)
    Also in Review, 1996, (May), 9-35 (1996) Downloads View citations (10)

    See also Working Paper (1995)
  6. Private Information, Money, and Growth: Indeterminacy, Fluctuations, and the Mundell-Tobin Effect
    Journal of Economic Growth, 1996, 1, (3), 309-32 View citations (20)
  7. The Coevolution of the Real and Financial Sectors in the Growth Process
    World Bank Economic Review, 1996, 10, (2), 371-96 View citations (16)
    See also Working Paper (1996)

1995

  1. 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 Downloads View citations (9)
  2. Indivisible Assets, Equilibrium, and the Value of Intermediation
    Journal of Financial Intermediation, 1995, 4, (1), 48-76 Downloads View citations (3)
  3. Is there a "credit channel" for monetary policy? (commentary)
    Review, 1995, (May), 78-82 Downloads
    Also in Proceedings, 1995, (May), 78-82 (1995) Downloads
  4. Sectoral Employment and Cyclical Fluctuations in an Adverse Selection Model
    International Economic Review, 1995, 36, (2), 261-81 Downloads View citations (3)
    See also Working Paper (1990)
  5. Transactions Costs, Technological Choice, and Endogenous Growth
    Journal of Economic Theory, 1995, 67, (1), 153-177 Downloads View citations (76)

1994

  1. Efficiency and Determinacy of Equilibrium under Inflation Targeting
    Economic Theory, 1994, 4, (3), 327-44 View citations (15)
  2. How Good Are Standard Debt Contracts? Stochastic versus Nonstochastic Monitoring in a Costly State Verification Environment
    The Journal of Business, 1994, 67, (4), 539-61 Downloads View citations (60)
  3. Mischief and monetary history Friedman and Schwartz thirty years later
    Journal of Monetary Economics, 1994, 34, (1), 27-46 Downloads View citations (3)

1993

  1. A Theory of Optimal Denominations for Government Liabilities
    Economic Theory, 1993, 3, (4), 597-623 View citations (2)
  2. Adverse Selection in the Overlapping Generations Model: The Case of Pure Exchange
    Journal of Economic Theory, 1993, 60, (2), 277-305 Downloads View citations (34)
  3. In order to form a more perfect monetary union
    Quarterly Review, 1993, (Fall), 2-13 Downloads View citations (7)
  4. Some consequences of credit rationing in an endogenous growth model
    Journal of Economic Dynamics and Control, 1993, 17, (1-2), 97-122 Downloads View citations (83)
    See also Working Paper (1988)
  5. 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 (14)
    See also Working Paper (1991)

1992

  1. Accuracy versus efficiency when modelling investment
    Economic Modelling, 1992, 9, (2), 98-103 Downloads
  2. Deficits, Inflation, and the Banking System in Developing Countries: The Optimal Degree of Financial Repression
    Oxford Economic Papers, 1992, 44, (4), 767-90 Downloads View citations (34)
    See also Working Paper (1990)
  3. Intermediation and the equilibrium allocation of investment capital: Implications for economic development
    Journal of Monetary Economics, 1992, 30, (3), 409-432 Downloads View citations (37)

1991

  1. Bank Panics, Suspensions, and Geography: Some Notes on the "Contagion of Fear" in Banking
    Economic Inquiry, 1991, 29, (2), 230-48 View citations (9)
  2. Financial Intermediation and Endogenous Growth
    Review of Economic Studies, 1991, 58, (2), 195-209 Downloads View citations (387)
    See also Working Paper (1988)
  3. Interest on Reserves and Sunspot Equilibria: Friedman's Proposal Reconsidered
    Review of Economic Studies, 1991, 58, (1), 93-105 Downloads View citations (32)
    See also Working Paper (1988)

1990

  1. Adverse Selection, Aggregate Uncertainty, and the Role for Mutual Insurance Contracts
    The Journal of Business, 1990, 63, (4), 493-510 Downloads View citations (10)
  2. Adverse selection and mutuality: The case of the farm credit system
    Journal of Financial Intermediation, 1990, 1, (2), 125-149 Downloads View citations (2)

1989

  1. A Business Cycle Model with Private Information
    Journal of Labor Economics, 1989, 7, (2), 210-37 Downloads View citations (2)
    See also Working Paper (1988)
  2. A Model of Nominal Contracts
    Journal of Labor Economics, 1989, 7, (4), 392-414 Downloads View citations (1)
    See also Working Paper (1988)
  3. Credit Rationing and Government Loan Programs: A Welfare Analysis
    Real Estate Economics, 1989, 17, (2), 177-193 Downloads View citations (19)
  4. Dynamic coalition formation and equilibrium policy selection
    Journal of Monetary Economics, 1989, 24, (2), 211-233 Downloads
  5. Legal restrictions, "sunspots," and cycles
    Journal of Economic Theory, 1989, 47, (2), 369-392 Downloads View citations (3)
  6. Unemployment, the Variability of Hours, and the Persistence of "Disturbances": A Private Information Approach
    International Economic Review, 1989, 30, (4), 921-38 Downloads
    See also Working Paper (1988)

1988

  1. 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 Downloads View citations (7)
  2. Organizations in Economic Analysis
    Canadian Journal of Economics, 1988, 21, (3), 477-91 Downloads View citations (16)
    See also Working Paper (1988)
  3. The relationship between money and prices: some historical evidence reconsidered
    Quarterly Review, 1988, (Sum), 18-32 Downloads View citations (4)

1987

  1. 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 Downloads View citations (22)

1986

  1. Limited Information, Money, and Competitive Equilibrium
    Canadian Journal of Economics, 1986, 19, (4), 780-97 Downloads View citations (2)
    See also Working Paper (1985)

1985

  1. 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 Downloads View citations (10)
  2. Government Expenditures, Defictis, and Inflation: On the Impossibility of a Balanced Budget
    The Quarterly Journal of Economics, 1985, 100, (3), 715-45 Downloads
  3. Some Colonial Evidence on Two Theories of Money: Maryland and the Carolinas
    Journal of Political Economy, 1985, 93, (6), 1178-1211 Downloads View citations (22)

1984

  1. Money and inflation in colonial Massachusetts
    Quarterly Review, 1984, (Win) Downloads View citations (17)
  2. Money, nonconvex preferences, and the existence of equilibrium: A note
    Journal of Economic Theory, 1984, 32, (2), 359-366 Downloads
    See also Working Paper (1983)
  3. Private information, deposit interest rates, and the `stability' of the banking system
    Journal of Monetary Economics, 1984, 14, (3), 293-317 Downloads View citations (27)

1983

  1. Limited Information, Credit Rationing, and Optimal Government Lending Policy
    American Economic Review, 1983, 73, (3), 305-18 Downloads View citations (7)
  2. The standard of living debate, rational expectations, and neutrality: Some evidence from the industrial revolution
    Journal of Monetary Economics, 1983, 12, (4), 571-593 Downloads

Edited books

2011

  1. Evolution and Procedures in Central Banking
    Cambridge Books, Cambridge University Press

2003

  1. Evolution and Procedures in Central Banking
    Cambridge Books, Cambridge University Press View citations (1)
 
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