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

2025

Information-Concealing Credit Architecture
NBER Working Papers, National Bureau of Economic Research, Inc

2024

The Informational Centrality of Banks
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)

2023

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

2022

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

2021

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

2020

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

2019

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

2018

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

2017

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

2016

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

2015

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

2014

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

2013

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

2012

Collateral Crises
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011) View citations (3)
Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
Securitization
NBER Working Papers, National Bureau of Economic Research, Inc
Some Reflections on the Recent Financial Crisis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
The Safe-Asset Share
NBER Working Papers, National Bureau of Economic Research, Inc View citations (102)
Who Ran on Repo?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

2010

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

2009

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

2008

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 View citations (12)
The Panic of 2007
NBER Working Papers, National Bureau of Economic Research, Inc View citations (296)
See also Journal Article The panic of 2007, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2008) View citations (29) (2008)
The Subprime Panic
NBER Working Papers, National Bureau of Economic Research, Inc View citations (68)
See also Journal Article The Subprime Panic*, European Financial Management, European Financial Management Association (2009) View citations (81) (2009)

2007

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

2006

Agency-Based Asset Pricing
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
Asset Prices When Agents are Marked-to-Market
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
Eat or be eaten: a theory of mergers and firm size
Working Paper Series, Federal Reserve Bank of Chicago 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) View citations (73) (2009)
Noise Traders
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2005

Bank Credit Cycles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Eat or Be Eaten: A Theory of Mergers and Merger Waves
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
Special Purpose Vehicles and Securitization
NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
Also in Working Papers, Federal Reserve Bank of Philadelphia (2005) View citations (41)
See also Chapter Special Purpose Vehicles and Securitization, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (44) (2007)

2004

Facts and Fantasies about Commodity Futures
NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
SEC Regulation Fair Disclosure, Information, and the Cost of Capital
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
See also Journal Article SEC Regulation Fair Disclosure, information, and the cost of capital, Journal of Corporate Finance, Elsevier (2007) View citations (60) (2007)

2003

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

2002

Bank Panics and the Endogeneity of Central Banking
NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2002) View citations (14)
See also Journal Article Bank panics and the endogeneity of central banking, Journal of Monetary Economics, Elsevier (2006) View citations (25) (2006)
Banking Panics and the Origin of Central Banking
NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
Class struggle inside the firm: a study of German codetermination
Working Papers, Federal Reserve Bank of St. Louis View citations (3)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (25)
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2000) View citations (22)
Financial Intermediation
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (49)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (50)
See also Chapter Financial intermediation, Handbook of the Economics of Finance, Elsevier (2003) View citations (96) (2003)
Liquidity, Efficiency and Bank Bailouts
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (26)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (4)
See also Journal Article Liquidity, Efficiency, and Bank Bailouts, American Economic Review, American Economic Association (2004) View citations (105) (2004)
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 View citations (1)

2001

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

2000

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

1990

Banks and Loan Sales: Marketing Non-Marketable Assets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article Banks and loan sales Marketing nonmarketable assets, Journal of Monetary Economics, Elsevier (1995) View citations (255) (1995)

1989

Public policy and the evolution of banking markets
Proceedings, Federal Reserve Bank of Chicago
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 (1)
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 (2)

1988

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

1987

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

1986

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) View citations (443) (1988)
Banking panics and business cycles: data sources, data construction, and further results
Working Papers, Federal Reserve Bank of Philadelphia

Undated

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)
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) View citations (13) (1987)
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
Churning Bubbles (Reprint 039)
Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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
Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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
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)
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
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
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
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 View citations (5)
Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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)
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)
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) View citations (299) (1991)
Transaction Contracts
Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
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

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

2009

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

2008

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

2007

SEC Regulation Fair Disclosure, information, and the cost of capital
Journal of Corporate Finance, 2007, 13, (2-3), 300-334 View citations (60)
See also Working Paper SEC Regulation Fair Disclosure, Information, and the Cost of Capital, NBER Working Papers (2004) View citations (10) (2004)

2006

Bank panics and the endogeneity of central banking
Journal of Monetary Economics, 2006, 53, (7), 1613-1629 View citations (25)
See also Working Paper Bank Panics and the Endogeneity of Central Banking, NBER Working Papers (2002) View citations (21) (2002)

2005

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

2004

Capital, Labor, and The Firm: A Study of German Codetermination
Journal of the European Economic Association, 2004, 2, (5), 863-905 View citations (83)
Liquidity, Efficiency, and Bank Bailouts
American Economic Review, 2004, 94, (3), 455-483 View citations (105)
See also Working Paper Liquidity, Efficiency and Bank Bailouts, Center for Financial Institutions Working Papers (2002) View citations (26) (2002)

2000

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

1999

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

1998

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

Noise Trading, Delegated Portfolio Management, and Economic Welfare
Journal of Political Economy, 1997, 105, (5), 1024-50 View citations (114)
See also Working Paper Noise Trading, Delegated Portfolio Management, and Economic Welfare, Center for Financial Institutions Working Papers (1994) View citations (7) (1994)
Stock Market Efficiency and Economic Efficiency: Is There a Connection?
Journal of Finance, 1997, 52, (3), 1087-1129 View citations (231)
See also Working Paper Stock Market Efficiency and Economic Efficiency: Is There a Connection?, NBER Working Papers (1995) View citations (6) (1995)

1996

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
Reputation Formation in Early Bank Note Markets
Journal of Political Economy, 1996, 104, (2), 346-97 View citations (66)

1995

Banks and loan sales Marketing nonmarketable assets
Journal of Monetary Economics, 1995, 35, (3), 389-411 View citations (255)
See also Working Paper Banks and Loan Sales: Marketing Non-Marketable Assets, NBER Working Papers (1990) View citations (4) (1990)
Corporate Control, Portfolio Choice, and the Decline of Banking
Journal of Finance, 1995, 50, (5), 1377-1420 View citations (247)
See also Working Paper Corporate Control, Portfolio Choice, and the Decline of Banking, Center for Financial Institutions Working Papers (1994) View citations (4) (1994)
Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing
Journal of Economic Theory, 1995, 67, (2), 327-369 View citations (20)
See also Working Paper Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing, NBER Working Papers (1993) View citations (1) (1993)

1994

Arbitrage Chains
Journal of Finance, 1994, 49, (3), 819-49 View citations (91)
See also Working Paper Arbitrage Chains, NBER Working Papers (1993) (1993)
Bank Regulation When 'Banks' and 'Banking' Are Not the Same
Oxford Review of Economic Policy, 1994, 10, (4), 106-19 View citations (12)
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

1993

Security Baskets and Index-Linked Securities
The Journal of Business, 1993, 66, (1), 1-27 View citations (97)
See also Working Paper Security Baskets and Index-Linked Securities, NBER Working Papers (1991) View citations (4) (1991)
Security market returns and the social discount rate: A note on welfare in the overlapping generations model
Economics Letters, 1993, 43, (1), 23-26 View citations (4)
Trading, Communication and the Response of Asset Prices to News
Economic Journal, 1993, 103, (418), 639-46 View citations (17)

1992

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

1991

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

1990

Financial Intermediaries and Liquidity Creation
Journal of Finance, 1990, 45, (1), 49-71 View citations (486)
Market Discipline and Bank Subordinated Debt
Journal of Money, Credit and Banking, 1990, 22, (1), 119-28 View citations (124)

1989

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

1988

Banking Panics and Business Cycles
Oxford Economic Papers, 1988, 40, (4), 751-81 View citations (443)
See also Working Paper Banking panics and business cycles, Working Papers (1986) View citations (1) (1986)

1987

Assessing deregulation: Further considerations A reply to David Romer
Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 345-348
Bank deregulation, credit markets, and the control of capital
Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 289-333 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)
The Joint Production of Confidence: Endogenous Regulation and Nineteenth Century Commercial-Bank Clearinghouses
Journal of Money, Credit and Banking, 1987, 19, (4), 457-68 View citations (117)

1985

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

1984

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

1982

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

Books

2010

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

Chapters

2013

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

2011

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

2010

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) View citations (105) (2009)

2007

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

2003

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

1995

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

1991

The Origins of Banking Panics: Models, Facts, and Bank Regulation
A chapter in Financial Markets and Financial Crises, 1991, pp 109-174 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)