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Details about Gary Gorton

Homepage:http://faculty.som.yale.edu/garygorton/
Postal address:Yale School of Management 135 Prospect Street P.O. Box 208200 New Haven, CT 06520-8200 United States
Workplace:School of Management, Yale University, (more information at EDIRC)

Access statistics for papers by Gary Gorton.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pgo458


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Working Papers

2024

  1. The Informational Centrality of Banks
    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 (2023) Downloads

2023

  1. Information Dynamics and Macro Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2022

  1. Leverage and Stablecoin Pegs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Making Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

2021

  1. Corporate Culture
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
  2. Economic Growth and Bank Innovation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

2020

  1. Adverse Selection Dynamics in Privately-Produced Safe Debt Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) Downloads View citations (1)
  2. Corporate Culture as a Theory of the Firm
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Private Money Production without Banks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  4. The Macroprudential Role of Stock Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

2019

  1. 1930: First Modern Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Social Progress and Corporate Culture
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  3. The Information View of Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  4. The Regulation of Private Money
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2018

  1. Collateral Damage
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. The Run on Repo and the Fed's Response
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2017

  1. Bank Health Post-Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)

2016

  1. Fighting Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Good Booms, Bad Booms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
  3. How Did Pre-Fed Banking Panics End?
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (11)
  4. Mobile Collateral versus Immobile Collateral
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
  5. Optimal Monetary Policy in a Collateralized Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
  6. The History and Economics of Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
  7. Too-Big-To-Fail Before the Fed
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2016) Downloads View citations (8)

2015

  1. Facts and Fantasies about Commodity Futures Ten Years Later
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (70)

2014

  1. Banks as Secret Keepers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
  2. The Flight from Maturity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2013

  1. The Development of Opacity in U.S. Banking
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. The Federal Reserve and Financial Regulation: The First Hundred Years
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  3. The Supply and Demand for Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (54)

2012

  1. Collateral Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011) Downloads View citations (3)
  2. Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (71)
  3. Securitization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Some Reflections on the Recent Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
  5. The Safe-Asset Share
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (102)
  6. Who Ran on Repo?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)

2010

  1. Questions and Answers about the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)

2009

  1. Haircuts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article Haircuts, Review, Federal Reserve Bank of St. Louis (2010) Downloads (2010)
  2. Information, Liquidity, and the (Ongoing) Panic of 2007
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (163)
    See also Journal Article Information, Liquidity, and the (Ongoing) Panic of 2007, American Economic Review, American Economic Association (2009) Downloads View citations (161) (2009)
  3. Securitized Banking and the Run on Repo
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (105)
    See also Chapter Securitized Banking and the Run on Repo, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (55) (2010)
  4. The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

2008

  1. Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  2. The Panic of 2007
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (296)
    See also Journal Article The panic of 2007, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2008) Downloads View citations (29) (2008)
  3. The Subprime Panic
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (68)
    See also Journal Article The Subprime Panic*, European Financial Management, European Financial Management Association (2009) Downloads View citations (81) (2009)

2007

  1. The Fundamentals of Commodity Futures Returns
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (61)

2006

  1. Agency-Based Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. Asset Prices When Agents are Marked-to-Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  3. Eat or be eaten: a theory of mergers and firm size
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)
    See also Journal Article Eat or Be Eaten: A Theory of Mergers and Firm Size, Journal of Finance, American Finance Association (2009) Downloads View citations (73) (2009)
  4. Noise Traders
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2005

  1. Bank Credit Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
  2. Eat or Be Eaten: A Theory of Mergers and Merger Waves
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  3. Special Purpose Vehicles and Securitization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (59)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2005) Downloads View citations (41)

    See also Chapter Special Purpose Vehicles and Securitization, NBER Chapters, National Bureau of Economic Research, Inc (2007) Downloads View citations (44) (2007)

2004

  1. Facts and Fantasies about Commodity Futures
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (59)
  2. SEC Regulation Fair Disclosure, Information, and the Cost of Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article SEC Regulation Fair Disclosure, information, and the cost of capital, Journal of Corporate Finance, Elsevier (2007) Downloads View citations (59) (2007)

2003

  1. Equilibrium Asset Prices Under Imperfect Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

2002

  1. Bank Panics and the Endogeneity of Central Banking
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (21)

    See also Journal Article Bank panics and the endogeneity of central banking, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (25) (2006)
  2. Banking Panics and the Origin of Central Banking
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
  3. Class struggle inside the firm: a study of German codetermination
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (25)
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2000) Downloads View citations (22)
  4. Financial Intermediation
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (50)

    See also Chapter Financial intermediation, Handbook of the Economics of Finance, Elsevier (2003) Downloads View citations (96) (2003)
  5. Liquidity, Efficiency and Bank Bailouts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2002) Downloads View citations (26)

    See also Journal Article Liquidity, Efficiency, and Bank Bailouts, American Economic Review, American Economic Association (2004) Downloads View citations (103) (2004)
  6. The Scarcity of Effective Monitors and Its Implications For Corporate Takeovers and Ownership Structures
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)

2001

  1. Banking Prices and the Origin of Central Banking
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)

2000

  1. The Visible Hand, The Invisible Hand and Efficiency
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (1)

1999

  1. Blockholder Identity, Equity Ownership Structures and Hostile Takeovers
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (9)

1996

  1. Executive Compensation and the Optimality of Managerial Entrenchment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
  2. The social costs of bank capital
    Proceedings, Federal Reserve Bank of Chicago
  3. Universal Banking and the Performance of German Firms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (62)
    See also Journal Article Universal banking and the performance of German firms, Journal of Financial Economics, Elsevier (2000) Downloads View citations (195) (2000)

1995

  1. Bank Capital Regulation in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (22)
  2. Banks and Derivatives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (63)
    Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1995) View citations (60)
    Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (59)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (64)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (59)

    See also Chapter Banks and Derivatives, NBER Chapters, National Bureau of Economic Research, Inc (1995) Downloads View citations (63) (1995)
  3. Banks and corporate finance in Germany
    Proceedings, Federal Reserve Bank of Chicago
  4. Stock Market Efficiency and Economic Efficiency: Is There a Connection?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (6)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)

    See also Journal Article Stock Market Efficiency and Economic Efficiency: Is There a Connection?, Journal of Finance, American Finance Association (1997) Downloads View citations (229) (1997)
  5. Universal Banking and the Performance of German Firms Federal Reserve Bank of Chicago
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (6)

1994

  1. Corporate Control, Portfolio Choice, and the Decline of Banking
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (12)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1992) View citations (33)

    See also Journal Article Corporate Control, Portfolio Choice, and the Decline of Banking, Journal of Finance, American Finance Association (1995) Downloads View citations (246) (1995)
  2. Noise Trading, Delegated Portfolio Management, and Economic Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (7)
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1994) Downloads View citations (7)

    See also Journal Article Noise Trading, Delegated Portfolio Management, and Economic Welfare, Journal of Political Economy, University of Chicago Press (1997) Downloads View citations (114) (1997)

1993

  1. Arbitrage Chains
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX.
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads

    See also Journal Article Arbitrage Chains, Journal of Finance, American Finance Association (1994) Downloads View citations (91) (1994)
  2. Pricing bank loans
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
  3. Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing, Journal of Economic Theory, Elsevier (1995) Downloads View citations (20) (1995)
  4. Reputation Formation in Early Bank Debt Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  5. The Design of Bank Loan Contracts, Collateral, and Renegotiation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (30)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1992)

1992

  1. Nonbanks and the future of banking
    Proceedings, Federal Reserve Bank of Chicago
  2. The size of the banking industry and managerial entrenchment
    Proceedings, Federal Reserve Bank of Chicago

1991

  1. Rational Finite Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
  2. Security Baskets and Index-Linked Securities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (5)

    See also Journal Article Security Baskets and Index-Linked Securities, The Journal of Business, University of Chicago Press (1993) Downloads View citations (96) (1993)
  3. Stock Price Manipulation, Market Microstructure and Asymetric Information
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) Downloads View citations (7)

    See also Journal Article Stock price manipulation, market microstructure and asymmetric information, European Economic Review, Elsevier (1992) Downloads View citations (83) (1992)
  4. The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  5. Trading, Communication and the Response of Price to New Information
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

1990

  1. Banks and Loan Sales: Marketing Non-Marketable Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Banks and loan sales Marketing nonmarketable assets, Journal of Monetary Economics, Elsevier (1995) Downloads View citations (252) (1995)

1989

  1. Public policy and the evolution of banking markets
    Proceedings, Federal Reserve Bank of Chicago
  2. SELF-GENERATING TRADE AND RATIONAL FADS: THE RESPONSE OF PRICE TO NEW INFORMATION
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research View citations (2)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (2)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)

1988

  1. The market's evaluation of bank risk: a methodological approach
    Proceedings, Federal Reserve Bank of Chicago

1987

  1. The paradox of loan sales
    Proceedings, Federal Reserve Bank of Chicago View citations (4)

1986

  1. Banking panics and business cycles
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article Banking Panics and Business Cycles, Oxford Economic Papers, Oxford University Press (1988) Downloads View citations (441) (1988)
  2. Banking panics and business cycles: data sources, data construction, and further results
    Working Papers, Federal Reserve Bank of Philadelphia

Undated

  1. Are Loan Sales Really Off-Balance Sheet
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (6)
  2. Bank Deregulation, Credit Markets and the Control of Capital
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)

    See also Journal Article Bank deregulation, credit markets, and the control of capital, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1987) Downloads View citations (13) (1987)
  3. Banks and Loan Sales: Marketing Non-Marketable Assets (Reprint 051)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  4. Churning Bubbles (Reprint 039)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  5. Executive Compensation & the Boundary of the Firm: The Case of Short-Lived Projects
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research Downloads
  6. Incomplete and the Endogeneity of Central Banking
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  7. Loan Sales, Recourse, and Reputation: An Analysis of Secondary Loan Participations
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
  8. Market Discipline and the Valuation of Bank Subordinated Debt
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  9. Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing (Reprint 052)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  10. Stock Price Manipulation, Market Microstructure and Asymmetric Information (Reprint 024)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  11. The Design of Bank Loan Contracts, Collateral, and Renegotiation (Revised: 2-96)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (5)
  12. The Design of Bank Loan Contracts, Collateral, and Renegotiation (Revision of 1-93)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (5)
  13. The Loan Sales Market
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
  14. The Origins of Banking Panics: Models, Facts, and Bank Regulation
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (62)
    See also Chapter The Origins of Banking Panics: Models, Facts, and Bank Regulation, NBER Chapters, National Bureau of Economic Research, Inc (1991) Downloads View citations (299) (1991)
  15. Transaction Contracts
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
  16. Welfare Improving Nominal Contracts
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

Journal Articles

2010

  1. E-coli, Repo Madness, and the Financial Crisis
    Business Economics, 2010, 45, (3), 164-173 Downloads View citations (1)
  2. Haircuts
    Review, 2010, 92, (Nov), 507-520 Downloads
    See also Working Paper Haircuts, NBER Working Papers (2009) Downloads View citations (9) (2009)
  3. Regulating the Shadow Banking System
    Brookings Papers on Economic Activity, 2010, 41, (2 (Fall)), 261-312 Downloads View citations (203)
  4. Security Price Informativeness with Delegated Traders
    American Economic Journal: Microeconomics, 2010, 2, (4), 137-70 Downloads View citations (3)

2009

  1. Eat or Be Eaten: A Theory of Mergers and Firm Size
    Journal of Finance, 2009, 64, (3), 1291-1344 Downloads View citations (73)
    See also Working Paper Eat or be eaten: a theory of mergers and firm size, Working Paper Series (2006) Downloads View citations (1) (2006)
  2. Information, Liquidity, and the (Ongoing) Panic of 2007
    American Economic Review, 2009, 99, (2), 567-72 Downloads View citations (161)
    See also Working Paper Information, Liquidity, and the (Ongoing) Panic of 2007, NBER Working Papers (2009) Downloads View citations (163) (2009)
  3. The Subprime Panic*
    European Financial Management, 2009, 15, (1), 10-46 Downloads View citations (81)
    See also Working Paper The Subprime Panic, NBER Working Papers (2008) Downloads View citations (68) (2008)

2008

  1. Blockholder Scarcity, Takeovers, and Ownership Structures
    Journal of Financial and Quantitative Analysis, 2008, 43, (4), 937-974 Downloads View citations (4)
  2. The panic of 2007
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 131-262 Downloads View citations (29)
    See also Working Paper The Panic of 2007, NBER Working Papers (2008) Downloads View citations (296) (2008)

2007

  1. SEC Regulation Fair Disclosure, information, and the cost of capital
    Journal of Corporate Finance, 2007, 13, (2-3), 300-334 Downloads View citations (59)
    See also Working Paper SEC Regulation Fair Disclosure, Information, and the Cost of Capital, NBER Working Papers (2004) Downloads View citations (10) (2004)

2006

  1. Bank panics and the endogeneity of central banking
    Journal of Monetary Economics, 2006, 53, (7), 1613-1629 Downloads View citations (25)
    See also Working Paper Bank Panics and the Endogeneity of Central Banking, Center for Financial Institutions Working Papers (2002) Downloads View citations (14) (2002)

2005

  1. Equilibrium Investment and Asset Prices under Imperfect Corporate Control
    American Economic Review, 2005, 95, (3), 659-681 Downloads View citations (34)

2004

  1. Capital, Labor, and The Firm: A Study of German Codetermination
    Journal of the European Economic Association, 2004, 2, (5), 863-905 Downloads View citations (83)
  2. Liquidity, Efficiency, and Bank Bailouts
    American Economic Review, 2004, 94, (3), 455-483 Downloads View citations (103)
    See also Working Paper Liquidity, Efficiency and Bank Bailouts, NBER Working Papers (2002) Downloads View citations (4) (2002)

2000

  1. The Design of Bank Loan Contracts
    The Review of Financial Studies, 2000, 13, (2), 331-64 View citations (91)
  2. Universal banking and the performance of German firms
    Journal of Financial Economics, 2000, 58, (1-2), 29-80 Downloads View citations (195)
    See also Working Paper Universal Banking and the Performance of German Firms, NBER Working Papers (1996) Downloads View citations (62) (1996)

1999

  1. Comment on Private Money Creation and the Suffolk Banking System
    Journal of Money, Credit and Banking, 1999, 31, (3), 663-67 View citations (2)
  2. Corporate governance, ownership dispersion and efficiency: Empirical evidence from Austrian cooperative banking
    Journal of Corporate Finance, 1999, 5, (2), 119-140 Downloads View citations (36)
  3. Pricing free bank notes
    Journal of Monetary Economics, 1999, 44, (1), 33-64 Downloads View citations (32)

1998

  1. Banking in Transition Economies: Does Efficiency Require Instability?
    Journal of Money, Credit and Banking, 1998, 30, (3), 621-50 View citations (27)
    Also in Proceedings, 1998, (Aug), 621-655 (1998) View citations (26)

1997

  1. Noise Trading, Delegated Portfolio Management, and Economic Welfare
    Journal of Political Economy, 1997, 105, (5), 1024-50 Downloads View citations (114)
    See also Working Paper Noise Trading, Delegated Portfolio Management, and Economic Welfare, NBER Working Papers (1994) Downloads View citations (8) (1994)
  2. Stock Market Efficiency and Economic Efficiency: Is There a Connection?
    Journal of Finance, 1997, 52, (3), 1087-1129 Downloads View citations (229)
    See also Working Paper Stock Market Efficiency and Economic Efficiency: Is There a Connection?, CEPR Discussion Papers (1995) Downloads View citations (4) (1995)

1996

  1. Comment on Alternative Models for Clearance and Settlement: The Case of the Single European Capital Market
    Journal of Money, Credit and Banking, 1996, 28, (4), 1001-03 Downloads
  2. Reputation Formation in Early Bank Note Markets
    Journal of Political Economy, 1996, 104, (2), 346-97 Downloads View citations (66)

1995

  1. Banks and loan sales Marketing nonmarketable assets
    Journal of Monetary Economics, 1995, 35, (3), 389-411 Downloads View citations (252)
    See also Working Paper Banks and Loan Sales: Marketing Non-Marketable Assets, NBER Working Papers (1990) Downloads View citations (4) (1990)
  2. Corporate Control, Portfolio Choice, and the Decline of Banking
    Journal of Finance, 1995, 50, (5), 1377-1420 Downloads View citations (246)
    See also Working Paper Corporate Control, Portfolio Choice, and the Decline of Banking, Center for Financial Institutions Working Papers (1994) Downloads View citations (4) (1994)
  3. Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing
    Journal of Economic Theory, 1995, 67, (2), 327-369 Downloads View citations (20)
    See also Working Paper Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing, NBER Working Papers (1993) Downloads View citations (1) (1993)

1994

  1. Arbitrage Chains
    Journal of Finance, 1994, 49, (3), 819-49 Downloads View citations (91)
    See also Working Paper Arbitrage Chains, CEPR Financial Markets Paper (1993) (1993)
  2. Bank Regulation When 'Banks' and 'Banking' Are Not the Same
    Oxford Review of Economic Policy, 1994, 10, (4), 106-19 View citations (12)
  3. Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863–1913. By J. M. Carter. New York: Garland Publishing, 1992. Pp. v, 179. $53.00
    The Journal of Economic History, 1994, 54, (1), 225-226 Downloads

1993

  1. Security Baskets and Index-Linked Securities
    The Journal of Business, 1993, 66, (1), 1-27 Downloads View citations (96)
    See also Working Paper Security Baskets and Index-Linked Securities, NBER Working Papers (1991) Downloads View citations (4) (1991)
  2. Security market returns and the social discount rate: A note on welfare in the overlapping generations model
    Economics Letters, 1993, 43, (1), 23-26 Downloads View citations (4)
  3. Trading, Communication and the Response of Asset Prices to News
    Economic Journal, 1993, 103, (418), 639-46 Downloads View citations (17)

1992

  1. Stock price manipulation, market microstructure and asymmetric information
    European Economic Review, 1992, 36, (2-3), 624-630 Downloads View citations (83)
    See also Working Paper Stock Price Manipulation, Market Microstructure and Asymetric Information, Weiss Center Working Papers (1991) (1991)
  2. The opening of new markets for bank assets
    Proceedings, 1992, 3-38

1991

  1. Overcapacity and exit from banking
    Proceedings, 1991, (Nov) View citations (6)

1990

  1. Financial Intermediaries and Liquidity Creation
    Journal of Finance, 1990, 45, (1), 49-71 Downloads View citations (484)
  2. Market Discipline and Bank Subordinated Debt
    Journal of Money, Credit and Banking, 1990, 22, (1), 119-28 Downloads View citations (124)

1989

  1. Banks and loan sales: evidence of implicit contracts
    Proceedings, 1989

1988

  1. Banking Panics and Business Cycles
    Oxford Economic Papers, 1988, 40, (4), 751-81 Downloads View citations (441)
    See also Working Paper Banking panics and business cycles, Working Papers (1986) View citations (1) (1986)

1987

  1. Assessing deregulation: Further considerations A reply to David Romer
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 345-348 Downloads
  2. Bank deregulation, credit markets, and the control of capital
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 289-333 Downloads View citations (13)
    See also Working Paper Bank Deregulation, Credit Markets and the Control of Capital, Rodney L. White Center for Financial Research Working Papers View citations (3)
  3. The Joint Production of Confidence: Endogenous Regulation and Nineteenth Century Commercial-Bank Clearinghouses
    Journal of Money, Credit and Banking, 1987, 19, (4), 457-68 Downloads View citations (117)

1985

  1. Bank suspension of convertibility
    Journal of Monetary Economics, 1985, 15, (2), 177-193 Downloads View citations (88)
  2. Banking theory and free banking history: A Review Essay
    Journal of Monetary Economics, 1985, 16, (2), 267-276 Downloads View citations (6)
  3. Clearinghouses and the Origin of Central Banking in the United States
    The Journal of Economic History, 1985, 45, (2), 277-283 Downloads View citations (139)

1984

  1. Private clearinghouses and the origins of central banking
    Business Review, 1984, (Jan/Feb), 3-12 Downloads View citations (7)

1982

  1. Forecasting with the Index of Leading Indicators
    Business Review, 1982, (Nov/Dec), 15-27 Downloads View citations (2)

Books

2010

  1. Slapped by the Invisible Hand: The Panic of 2007
    OUP Catalogue, Oxford University Press View citations (386)

Chapters

2013

  1. Liquidity Mismatch Measurement
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 99-112 Downloads View citations (23)

2011

  1. Risk Topography
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 149-176 Downloads View citations (15)

2010

  1. Securitized Banking and the Run on Repo
    A chapter in Market Institutions and Financial Market Risk, 2010 View citations (55)
    See also Working Paper Securitized Banking and the Run on Repo, National Bureau of Economic Research, Inc (2009) Downloads View citations (105) (2009)

2007

  1. Special Purpose Vehicles and Securitization
    A chapter in The Risks of Financial Institutions, 2007, pp 549-597 Downloads View citations (44)
    See also Working Paper Special Purpose Vehicles and Securitization, National Bureau of Economic Research, Inc (2005) Downloads View citations (59) (2005)

2003

  1. Financial intermediation
    Chapter 08 in Handbook of the Economics of Finance, 2003, vol. 1, Part 1, pp 431-552 Downloads View citations (96)
    See also Working Paper Financial Intermediation, Wharton School Center for Financial Institutions, University of Pennsylvania (2002) Downloads View citations (49) (2002)

1995

  1. Banks and Derivatives
    A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 299-349 Downloads View citations (63)
    See also Working Paper Banks and Derivatives, National Bureau of Economic Research, Inc (1995) Downloads View citations (63) (1995)

1991

  1. The Origins of Banking Panics: Models, Facts, and Bank Regulation
    A chapter in Financial Markets and Financial Crises, 1991, pp 109-174 Downloads View citations (299)
    See also Working Paper The Origins of Banking Panics: Models, Facts, and Bank Regulation, Wharton School Rodney L. White Center for Financial Research View citations (62)
 
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