Details about Martin F. Hellwig

Homepage:	http://www.coll.mpg.de
Postal address:	MPI Collective Goods Kurt-Schumacher-Str. 10 D-53113 Bonn, Germany
Workplace:	Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern (Max Planck Institute for Research on Collective Goods), Max-Planck-Gesellschaft (Max Planck Society), (more information at EDIRC)

Access statistics for papers by Martin F. Hellwig.

Last updated 2024-12-08. Update your information in the RePEc Author Service.

Short-id: phe118

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Working Papers

2024

1. Dynamic efficiency and inefficiency in a class of overlapping-generations economies with multiple assets
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
2. National central banks and the governance of the European system of central banks
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
   See also Chapter National central banks and the governance of the European system of central banks, Chapters, Edward Elgar Publishing (2024) (2024)

2023

3. Overlapping-Generations Economies under Uncertainty: Dynamic Inefficiency/Efficiency with Multiple Assets and no Labour
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (1)
4. Probability Measures on Product Spaces with Uniform Metrics
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
5. The Economics of Hilbert's Hotel: An Expository Note
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods

2022

6. A Homeomorphism Theorem for the Universal Type Space with the Uniform Topology
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
7. Versagen und Reformbedarf der deutschen Finanzaufsicht
   Working Papers, Forum New Economy

2021

8. Dynamic Inefficiency and Fiscal Interventions in an Economy with Land and Transaction Costs
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (2)
   See also Journal Article Dynamic inefficiency and fiscal interventions in an economy with land and transaction costs, German Economic Review, De Gruyter (2022) View citations (1) (2022)
9. Incomplete-Information Games in Large Populations with Anonymity
   Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
   Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2019) View citations (1)
   See also Journal Article Incomplete-information games in large populations with anonymity, Theoretical Economics, Econometric Society (2022) View citations (3) (2022)
10. Public-Good Provision with Macro Uncertainty about Preferences: Efficiency, Budget Balance, and Robustness
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
11. Reducing mobility of SARS-CoV-2 variants to safeguard containment
    Bruegel Working Papers, Bruegel View citations (1)
    See also Journal Article Reducing the Mobility of SARS-CoV-2 Variants to Safeguard Containments, Intereconomics: Review of European Economic Policy, Springer (2021) (2021)
12. Safe Assets, Risky Assets, and Dynamic Inefficiency in Overlapping-Generations Economies
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (3)
13. Social Choice in Large Populations with Single-Peaked Preferences
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
14. „Capitalism: What Has Gone Wrong?“ Who Went Wrong? Capitalism? The Market Economy? Governments? “Neoliberal” Economics?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
    See also Journal Article ‘Capitalism: what has gone wrong?’: Who went wrong? Capitalism? The market economy? Governments? ‘Neoliberal’ economics?, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2021) (2021)

2020

15. Property Taxes and Dynamic Inefficiency: A Correction of a "Correction"
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
    See also Journal Article Property taxes and dynamic inefficiency: A correction of a “correction”, Economics Letters, Elsevier (2020) (2020)
16. Twelve Years after the Financial Crisis – Too-big-to-fail is still with us. Comments on the Financial Stability Board’s Consultation Report ‘Evaluation of the Effects of Too-big-to-fail reforms’
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods

2019

17. Bank Leverage, Welfare, and Regulation
    Research Papers, Stanford University, Graduate School of Business View citations (1)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2018) View citations (1)
18. Banks, Politics and European Monetary Union
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (1)
19. Target-Falle oder Empörungsfalle? – Zur deutschen Diskussion um die Europäische Währungsunion
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods

2018

20. Bargeld, Giralgeld, Vollgeld: Zur Diskussion um das Geldwesen nach der Finanzkrise
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (3)
21. Competition Policy and Sector-Specific Regulation in the Financial Sector
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (2)
22. Valuation reports in the context of banking resolution: What are the challenges?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (4)

2017

23. Carving out legacy assets: a successful tool for bank restructuring?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (4)
24. Precautionary recapitalisations: time for a review
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (2)
25. The Generic Possibility of Full Surplus Extraction in Models with Large Type Spaces
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (5)
    See also Journal Article The generic possibility of full surplus extraction in models with large type spaces, Journal of Economic Theory, Elsevier (2017) View citations (5) (2017)
26. The Leverage Ratchet Effect
    Research Papers, Stanford University, Graduate School of Business View citations (11)
    Also in Research Papers, Stanford University, Graduate School of Business (2013) View citations (20)
    Research Papers, Stanford University, Graduate School of Business (2015) View citations (12)
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2017) View citations (19)
    See also Journal Article The Leverage Ratchet Effect, Journal of Finance, American Finance Association (2018) View citations (101) (2018)

2016

27. “Total Assets” versus “Risk Weighted Assets”: Does it matter for MREL requirements?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods

2015

28. Financial Stability and Monetary Policy
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (4)
29. Public-Good Provision in Large Economies
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (7)
30. Public-Good Provision, Mechanism Design and Voting
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
31. The Genericity of the McAfee-Reny Condition for Full Surplus Extraction in Models with a Continuum of Types
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (1)

2014

32. Financial Stability, Monetary Policy, Banking Supervision, and Central Banking
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (21)
33. Is Europe Overbanked?
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (30)
34. Yes Virginia, There is a European Banking Union! But It May Not Make Your Wishes Come True
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (20)

2013

35. Does Debt Discipline Bankers? An Academic Myth about Bank Indebtedness
    Research Papers, Stanford University, Graduate School of Business View citations (16)
36. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (174)
37. The Parade of the Bankers' New Clothes Continues: 23 Flawed Claims Debunked
    Research Papers, Stanford University, Graduate School of Business View citations (1)
38. The consequences of the single supervisory mechanism for Europe's macro-prudential policy framework
    Report of the Advisory Scientific Committee, European Systemic Risk Board

2012

39. A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission's banking union proposals
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (8)
40. Forbearance, resolution and deposit insurance
    Report of the Advisory Scientific Committee, European Systemic Risk Board

2011

41. Beliefs, Payoffs, Information: On the Robustness of the BDP Property in Models with Endogenous Beliefs
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
    See also Journal Article Beliefs, payoffs, information: On the robustness of the BDP property in models with endogenous beliefs, Journal of Mathematical Economics, Elsevier (2014) View citations (7) (2014)
42. From Posteriors to Priors via Cycles: An Addendum
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (5)
    See also Journal Article From posteriors to priors via cycles: An addendum, Economics Letters, Elsevier (2013) View citations (4) (2013)
43. Incomplete-Information Models of Large Economies with Anonymity: Existence and Uniqueness of Common Priors
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (6)
44. Mechanism Design and Voting for Public-Good Provision
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (8)
45. Quo vadis, Euroland? European Monetary Union between Crisis and Reform
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (19)

2010

46. A euro rescue plan
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (2)
    See also Journal Article A Euro Rescue Plan, CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2010) View citations (2) (2010)
47. Capital Regulation after the Crisis: Business as Usual?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (126)
    See also Journal Article Capital Regulation after the Crisis: Business as Usual?, ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2010) View citations (133) (2010)
48. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity Is Not Expensive
    Research Papers, Stanford University, Graduate School of Business View citations (195)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2010) View citations (193)
49. Finanzkrise und Reformbedarf [The Financial Crisis and Regulatory Reform]
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (6)
50. Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (40)
    See also Journal Article Incentive Problems With Unidimensional Hidden Characteristics: A Unified Approach, Econometrica, Econometric Society (2010) View citations (37) (2010)
51. Public-Good Provision in a Large Economy
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (6)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)

2009

52. Informational Smallness and the Scope for Limiting Information Rents
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
    See also Journal Article Informational smallness and the scope for limiting information rents, Journal of Economic Theory, Elsevier (2010) View citations (5) (2010)
53. Utilitarian Mechanism Design for an Excludable Public Good
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (3)
    See also Journal Article Utilitarian mechanism design for an excludable public good, Economic Theory, Springer (2010) View citations (2) (2010)

2008

54. A Generalization of the Atkinson-Stiglitz (1976) Theorem on the Undesirability of Nonuniform Excise Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (4)
    See also Journal Article A generalization of the Atkinson-Stiglitz (1976) theorem on the undesirability of nonuniform excise taxation, Economics Letters, Elsevier (2010) View citations (9) (2010)
55. A Maximum Principle for Control Problems with Monotonicity Constraints
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (13)
56. A Note on Deaton's Theorem on the Undesirability of Nonuniform Excise Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (2)
    See also Journal Article A note on Deaton's theorem on the undesirability of nonuniform excise taxation, Economics Letters, Elsevier (2009) View citations (6) (2009)
57. Competition Policy and Sector-Specific Regulation for Network Industries
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (8)
58. Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (48)
    See also Journal Article Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis, De Economist, Springer (2009) View citations (121) (2009)

2007

59. A Contribution to the Theory of Optimal Utilitarian Income Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (72)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2005) View citations (11)
    See also Journal Article A contribution to the theory of optimal utilitarian income taxation, Journal of Public Economics, Elsevier (2007) View citations (70) (2007)
60. A Reconsideration of the Jensen-Meckling Model of Outside Finance
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (1)
    See also Journal Article A reconsideration of the Jensen-Meckling model of outside finance, Journal of Financial Intermediation, Elsevier (2009) View citations (27) (2009)
61. Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (8)
62. Wirtschaftspolitik als Rechtsanwendung
    Walter Adolf Jöhr Lecture, University of St. Gallen, School of Economics and Political Science, Institute of Economics (FGN-HSG) View citations (6)

2006

63. Market Discipline, Information Processing, and Corporate Governance
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (2)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2005) View citations (8)
64. Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (5)
65. The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (1)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2004) View citations (3)
    See also Journal Article The provision and pricing of excludable public goods: Ramsey-Boiteux pricing versus bundling, Journal of Public Economics, Elsevier (2007) View citations (16) (2007)

2005

66. An Economic Approach to Article 82
    Discussion Papers in Economics, University of Munich, Department of Economics View citations (39)
67. An Economic Approach to Article 82 - Report by the European Advisory Group on Competition Policy
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (17)
68. The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (2)
    See also Journal Article The undesirability of randomized income taxation under decreasing risk aversion, Journal of Public Economics, Elsevier (2007) View citations (44) (2007)

2004

69. An agenda for a growing Europe: the Sapir report
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (206)
    See also Book An Agenda for a Growing Europe: The Sapir Report, OUP Catalogue, Oxford University Press (2004) View citations (230) (2004)
70. Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods
    See also Journal Article Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach, Journal of Economic Theory, Elsevier (2005) (2005)
71. Optimal Income Taxation and Public-Goods Finance
    2004 Meeting Papers, Society for Economic Dynamics View citations (2)
72. Optimal Income Taxation, Public-Goods Provision
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (26)
73. Optimal Income Taxation, Public-Goods Provision and Public-Sector Pricing: A Contribution to the Foundations of Public Economics
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods View citations (26)
    Also in Papers, Sonderforschungsbreich 504 (2004) View citations (24)
74. Risk Aversion in the Small and in the Large When Outcomes Are Multidimensional
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (5)
    Also in Papers, Sonderforschungsbreich 504 (2004) View citations (3)
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2004) View citations (3)
75. The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis
    Papers, Sonderforschungsbreich 504 View citations (4)
    See also Journal Article The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis, German Economic Review, De Gruyter (2004) View citations (3) (2004)
76. The provision and pricing of excludable public goods: Ramsey-Boiteux versus bundling
    Papers, Sonderforschungsbreich 504 View citations (3)

2003

77. A Utilitarian Approach to the Provision and Pricing of Excludable Public Goods
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (23)
    Also in Papers, Sonderforschungsbreich 504 (2003) View citations (23)
    See also Journal Article A utilitarian approach to the provision and pricing of excludable public goods, Journal of Public Economics, Elsevier (2005) View citations (22) (2005)

2002

78. Competitive Insurance Markets with Asymmetric Information: A Cournot-Arrow-Debreu Approach*
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (2)
    Also in Papers, Sonderforschungsbreich 504 (2002) View citations (2)
79. Discrete-time approximations of the Holmström-Milgrom brownian-motion model of intertemporal incentive provision
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (41)
    Also in Papers, Sonderforschungsbreich 504 (1998)
    Discussion Papers in Economics, University of Munich, Department of Economics (2001) View citations (4)
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) View citations (2)
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (1998)
    See also Journal Article Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision, Econometrica, Econometric Society (2002) View citations (40) (2002)

2001

80. On the Role of Boundary Solutions in Principal-Agent Problems with Effort Costs Depending on Mean Returns
    Papers, Sonderforschungsbreich 504 View citations (1)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) View citations (1)
81. The Impact of the Number of Participants on the Provision of a Public Good
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (4)
    Also in Papers, Sonderforschungsbreich 504 (2001) View citations (4)
82. Wage Growth, Productivity Growth, and the Evolution of Employment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (1999) View citations (4)

2000

83. Abgeltungssteuer bei Kapitaleinkommen
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin View citations (1)
84. Corporate Governance and the Financing of Investment for Structural Change
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (4)
    Also in Papers, Sonderforschungsbreich 504 (2000) View citations (4)
85. Costly State Verification: The Choice Between Ex Ante and Ex Post Mechanisms
    Papers, Sonderforschungsbreich 504
86. Costly State Verification: The Choice Between Ex Ante and Ex Post Verification Mechanisms
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim
87. Die föderative Ordnung in Not: Zur Reform des Finanzausgleichs
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin
88. Nonlinear Incentive Contracting in Walrasian Markets: A Cournot Approach
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (1)
    Also in Papers, Sonderforschungsbreich 504 (2000) View citations (1)

1999

89. Endogenous Technical Change in a Competitive Economy
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (4)
    Also in Papers, Sonderforschungsbreich 504 (1999) View citations (12)
    See also Journal Article Endogenous Technical Change in a Competitive Economy, Journal of Economic Theory, Elsevier (2001) View citations (78) (2001)
90. Ökologische Steuerreform: Zu viele Illusionen
    Argumente zur Marktwirtschaft und Politik, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin

1998

91. Allowing for Risk Choices in Diamond's "Financial Intermediation as Delegated Monitoring"
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (10)
    Also in Papers, Sonderforschungsbreich 504 (1998) View citations (8)
92. Financial Intermediation with Risk Aversion
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (1)
    Also in Papers, Sonderforschungsbreich 504 (1998) View citations (1)
    See also Journal Article Financial Intermediation with Risk Aversion, The Review of Economic Studies, Review of Economic Studies Ltd (2000) View citations (31) (2000)
93. On the Economics and Politics of Corporate Finance and Corporate Control
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (22)
    Also in Papers, Sonderforschungsbreich 504 (1998) View citations (18)
94. Risk Aversion and Incentive Compatibility with Ex Post Information Asymmetry
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim
    Also in Papers, Sonderforschungsbreich 504 (1998)
    See also Chapter Risk aversion and incentive compatibility with ex post information asymmetry, Studies in Economic Theory, Springer (2005) View citations (1) (2005)
95. Systemische Risiken im Finanzsektor
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (13)

1997

96. Banks, Markets, and the Allocation of Risks in an Economy
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (2)
97. Unternehmensfinanzierung, Unternehmenskontrolle und Ressourcenallokation: Was leistet das Finanzsystem?
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (10)

1985

98. The Optimal Linear Income Tax Revisited (Now published in Journal of Public Economics, 31 (1986), pp.163-179.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1984

99. A General-Equilibrium Model of the Transactions Demand for Money
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE View citations (4)
100. Incentive-Compatible Debt Contracts: The One-Period Problem (Revised version now published in Review of Economic Studies, 1985).)
     STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE View citations (1)
     Also in STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (1983)

1982

101. Rational expectations equilibrium with conditioning on past prices: a mean-variance example
     LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (52)
     See also Journal Article Rational expectations equilibrium with conditioning on past prices: A mean-variance example, Journal of Economic Theory, Elsevier (1982) View citations (76) (1982)

1973

102. Asset Management with Trading Uncertainty
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
     See also Journal Article Asset Management with Trading Uncertainty, The Review of Economic Studies, Review of Economic Studies Ltd (1975) View citations (31) (1975)

Journal Articles

2024

1. Sackgasse Generationenvertrag: Wege aus der Krise der Altersversorgung
   ifo Schnelldienst, 2024, 77, (12), 03-39
2. Zur Verantwortung des Wissenschaftlers bei der Politikberatung
   Zeitschrift für Wirtschaftspolitik, 2024, 73, (2), 171-189

2022

3. Dynamic inefficiency and fiscal interventions in an economy with land and transaction costs
   German Economic Review, 2022, 23, (1), 21-60 View citations (1)
   See also Working Paper Dynamic Inefficiency and Fiscal Interventions in an Economy with Land and Transaction Costs, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2021) View citations (2) (2021)
4. Gasknappheit und Wirtschaftspolitik in Deutschland
   Zeitschrift für Wirtschaftspolitik, 2022, 71, (2), 148-158
5. Geldpolitik und Nachhaltigkeit
   (Monetary Policy and Sustainability)
   Wirtschaftsdienst, 2022, 102, (5), 341-343
6. Incomplete-information games in large populations with anonymity
   Theoretical Economics, 2022, 17, (1) View citations (3)
   See also Working Paper Incomplete-Information Games in Large Populations with Anonymity, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2021) (2021)

2021

7. Der Zinssatz ist kein Preis
   (The Interest Rate Should not be Interpreted as a Price)
   Wirtschaftsdienst, 2021, 101, (11), 862-869
8. Deutschland braucht ein Investitionskompetenzprogramm
   Wirtschaftsdienst, 2021, 101, (3), 176-179 View citations (3)
9. Krise und Reformbedarf der BaFin
   Wirtschaftsdienst, 2021, 101, (7), 505-508
10. Reducing the Mobility of SARS-CoV-2 Variants to Safeguard Containments
    Intereconomics: Review of European Economic Policy, 2021, 56, (4), 234-236
    See also Working Paper Reducing mobility of SARS-CoV-2 variants to safeguard containment, Bruegel Working Papers (2021) View citations (1) (2021)
11. Twelve Years after the Financial Crisis—Too-big-to-fail is still with us
    Journal of Financial Regulation, 2021, 7, (1), 175-187 View citations (1)
12. ‘Capitalism: what has gone wrong?’: Who went wrong? Capitalism? The market economy? Governments? ‘Neoliberal’ economics?
    (‘It Takes a Village to Maintain a Dangerous Financial System’, ch. 13)
    Oxford Review of Economic Policy, 2021, 37, (4), 664-677
    See also Working Paper „Capitalism: What Has Gone Wrong?“ Who Went Wrong? Capitalism? The Market Economy? Governments? “Neoliberal” Economics?, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2021) (2021)

2020

13. Property taxes and dynamic inefficiency: A correction of a “correction”
    Economics Letters, 2020, 197, (C)
    See also Working Paper Property Taxes and Dynamic Inefficiency: A Correction of a "Correction", Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2020) (2020)

2019

14. In memoriam Felix Höffler (1970–2019)
    Zeitschrift für Wirtschaftspolitik, 2019, 68, (1), 1-5
15. Target-Salden, Leistungsbilanzsalden, Geldschöpfung, Banken und Kapitalmärkte
    (Target Balances, Current Account Balances, Money Creation, Banks and Capital Markets)
    Wirtschaftsdienst, 2019, 99, (9), 632-640
16. Verursachen Target-Salden Risiken für die Steuerzahler?
    (Do Target Balances Create Risks for Taxpayers?)
    Wirtschaftsdienst, 2019, 99, (8), 553-561 View citations (1)

2018

17. Kurz kommentiert
    (Concise Comments)
    Wirtschaftsdienst, 2018, 98, (4), 224-226
    Also in Wirtschaftsdienst, 2017, 97, (1), 4-6 (2017)
18. Target-Falle oder Empörungsfalle?: Zur deutschen Diskussion über die Europäische Währungsunion
    Perspektiven der Wirtschaftspolitik, 2018, 19, (4), 345-382
19. The Leverage Ratchet Effect
    Journal of Finance, 2018, 73, (1), 145-198 View citations (101)
    See also Working Paper The Leverage Ratchet Effect, Research Papers (2017) View citations (11) (2017)
20. Zehn Jahre nach der Lehman-Pleite — Finanzmärkte stabil?
    (Ten Years after the Lehman-Bankruptcy — Have Financial Markets Stabilized?)
    Wirtschaftsdienst, 2018, 98, (8), 539-557

2017

21. Deutschland und die Finanzkrise(n)
    (Germany and the Financial Crises)
    Wirtschaftsdienst, 2017, 97, (9), 606-607
22. The generic possibility of full surplus extraction in models with large type spaces
    Journal of Economic Theory, 2017, 170, (C), 385-416 View citations (5)
    See also Working Paper The Generic Possibility of Full Surplus Extraction in Models with Large Type Spaces, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2017) View citations (5) (2017)
23. Wachstumsschwäche, Bankenmalaise und Bankenregulierung
    (Weak Economies and Weak Banks: Implications for Policies Towards Banks)
    Wirtschaftsdienst, 2017, 97, (1), 43-48 View citations (1)
24. „Man sollte mehr Mut haben, Banken in die Insolvenz gehen zu lassen“: Ein Gespräch über Leistungsbilanzen, staatliche Investitionen, Schulden, Geldpolitik und Bankenregulierung
    Perspektiven der Wirtschaftspolitik, 2017, 18, (3), 226-244

2016

25. Robustly Coalition-Proof Incentive Mechanisms for Public Good Provision are Voting Mechanisms and Vice Versa
    The Review of Economic Studies, 2016, 83, (4), 1440-1464 View citations (30)

2014

26. Beliefs, payoffs, information: On the robustness of the BDP property in models with endogenous beliefs
    Journal of Mathematical Economics, 2014, 51, (C), 136-153 View citations (7)
    See also Working Paper Beliefs, Payoffs, Information: On the Robustness of the BDP Property in Models with Endogenous Beliefs, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2011) (2011)

2013

27. From posteriors to priors via cycles: An addendum
    Economics Letters, 2013, 118, (3), 455-458 View citations (4)
    See also Working Paper From Posteriors to Priors via Cycles: An Addendum, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2011) View citations (5) (2011)

2010

28. A Euro Rescue Plan
    CESifo Forum, 2010, 11, (02), 101-104 View citations (2)
    See also Working Paper A euro rescue plan, Munich Reprints in Economics (2010) View citations (2) (2010)
29. A generalization of the Atkinson-Stiglitz (1976) theorem on the undesirability of nonuniform excise taxation
    Economics Letters, 2010, 108, (2), 156-158 View citations (9)
    See also Working Paper A Generalization of the Atkinson-Stiglitz (1976) Theorem on the Undesirability of Nonuniform Excise Taxation, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2008) View citations (4) (2008)
30. Capital Regulation after the Crisis: Business as Usual?
    ifo DICE Report, 2010, 8, (02), 40-46 View citations (133)
    See also Working Paper Capital Regulation after the Crisis: Business as Usual?, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2010) View citations (126) (2010)
31. Incentive Problems With Unidimensional Hidden Characteristics: A Unified Approach
    Econometrica, 2010, 78, (4), 1201-1237 View citations (37)
    See also Working Paper Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2010) View citations (40) (2010)
32. Informational smallness and the scope for limiting information rents
    Journal of Economic Theory, 2010, 145, (6), 2260-2281 View citations (5)
    See also Working Paper Informational Smallness and the Scope for Limiting Information Rents, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2009) (2009)
33. Utilitarian mechanism design for an excludable public good
    Economic Theory, 2010, 44, (3), 361-397 View citations (2)
    Also in Economic Theory, 2010, 44, (3), 361-397 (2010) View citations (2)
    See also Working Paper Utilitarian Mechanism Design for an Excludable Public Good, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2009) View citations (3) (2009)

2009

34. A note on Deaton's theorem on the undesirability of nonuniform excise taxation
    Economics Letters, 2009, 105, (2), 186-188 View citations (6)
    See also Working Paper A Note on Deaton's Theorem on the Undesirability of Nonuniform Excise Taxation, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2008) View citations (2) (2008)
35. A reconsideration of the Jensen-Meckling model of outside finance
    Journal of Financial Intermediation, 2009, 18, (4), 495-525 View citations (27)
    See also Working Paper A Reconsideration of the Jensen-Meckling Model of Outside Finance, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2007) View citations (1) (2007)
36. Drohende Kreditklemme: sollten die Basel-II-Regeln überholt oder zeitweise ausgesetzt werden?
    ifo Schnelldienst, 2009, 62, (15), 3-18 View citations (1)
37. Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
    De Economist, 2009, 157, (2), 129-207 View citations (121)
    See also Working Paper Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2008) View citations (48) (2008)

2008

38. The Causes of the Financial Crisis
    CESifo Forum, 2008, 9, (04), 12-21 View citations (8)

2007

39. A contribution to the theory of optimal utilitarian income taxation
    Journal of Public Economics, 2007, 91, (7-8), 1449-1477 View citations (70)
    See also Working Paper A Contribution to the Theory of Optimal Utilitarian Income Taxation, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2007) View citations (72) (2007)
40. The provision and pricing of excludable public goods: Ramsey-Boiteux pricing versus bundling
    Journal of Public Economics, 2007, 91, (3-4), 511-540 View citations (16)
    See also Working Paper The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2006) View citations (1) (2006)
41. The role of boundary solutions in principal-agent problems of the Holmstrom-Milgrom type
    Journal of Economic Theory, 2007, 136, (1), 446-475 View citations (6)
42. The undesirability of randomized income taxation under decreasing risk aversion
    Journal of Public Economics, 2007, 91, (3-4), 791-816 View citations (44)
    See also Working Paper The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2005) View citations (2) (2005)

2006

43. Wie bringt man einen Verlustmacher an die Börse? Kritische Anmerkungen zur Privatisierung der DB AG
    Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), 2006, 86, (8), 504-509

2005

44. A utilitarian approach to the provision and pricing of excludable public goods
    Journal of Public Economics, 2005, 89, (11-12), 1981-2003 View citations (22)
    See also Working Paper A Utilitarian Approach to the Provision and Pricing of Excludable Public Goods, Sonderforschungsbereich 504 Publications (2003) View citations (23) (2003)
45. Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach
    Journal of Economic Theory, 2005, 120, (1), 1-38
    See also Working Paper Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods (2004) (2004)

2004

46. The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis
    German Economic Review, 2004, 5, (3), 263-295 View citations (3)
    Also in German Economic Review, 2004, 5, (3), 263-295 (2004) View citations (3)
    See also Working Paper The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis, Papers (2004) View citations (4) (2004)

2003

47. Public-Good Provision with Many Participants
    The Review of Economic Studies, 2003, 70, (3), 589-614 View citations (78)

2002

48. Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision
    Econometrica, 2002, 70, (6), 2225-2264 View citations (40)
    See also Working Paper Discrete-time approximations of the Holmström-Milgrom brownian-motion model of intertemporal incentive provision, Munich Reprints in Economics (2002) View citations (41) (2002)
49. Laudatio für Carl Christian von Weizsäcker: Thünen–Redner 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 421-424
50. Laudatio für Klaus M. Schmidt: Gossen–Preisträger 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 417-419
51. Wettbewerb der Institutionen – Eröffnung der Jahrestagung des Vereins für Socialpolitik in Magdeburg 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 359-362

2001

52. Endogenous Technical Change in a Competitive Economy
    Journal of Economic Theory, 2001, 101, (1), 1-39 View citations (78)
    See also Working Paper Endogenous Technical Change in a Competitive Economy, Sonderforschungsbereich 504 Publications (1999) View citations (4) (1999)
53. symposium articles: Risk aversion and incentive compatibility with ex post information asymmetry
    Economic Theory, 2001, 18, (2), 415-438 View citations (6)

2000

54. Banken zwischen Politik und Markt: Worin besteht die volkswirtschaftliche Verantwortung der Banken?
    Perspektiven der Wirtschaftspolitik, 2000, 1, (3), 337-356 View citations (4)
55. Financial Intermediation with Risk Aversion
    The Review of Economic Studies, 2000, 67, (4), 719-742 View citations (31)
    See also Working Paper Financial Intermediation with Risk Aversion, Sonderforschungsbereich 504 Publications (1998) View citations (1) (1998)

1998

56. Financial Institutions in Transition: Banks, Markets, and the Allocation of Risks in an Economy
    Journal of Institutional and Theoretical Economics (JITE), 1998, 154, (1), 328- View citations (15)

1996

57. Capital Adequacy Rules as Instruments for the Regulation of Banks
    Swiss Journal of Economics and Statistics (SJES), 1996, 132, (IV), 609-612 View citations (5)
58. Capital Requirements for Market Risks Based on Inhouse Models - Aspects of Quality Assessment
    Swiss Journal of Economics and Statistics (SJES), 1996, 132, (IV), 755-776 View citations (8)
59. Rational expectations equilibria in sequence economies with symmetric information: The two-period case
    Journal of Mathematical Economics, 1996, 26, (1), 9-49 View citations (14)
60. Sequential decisions under uncertainty and the maximum theorem
    Journal of Mathematical Economics, 1996, 25, (4), 443-464 View citations (10)

1995

61. Systemic Aspects of Risk Management in Banking and Finance
    Swiss Journal of Economics and Statistics (SJES), 1995, 131, (IV), 723-737 View citations (63)
62. The Assessment of Large Compounds of Independent Gambles
    Journal of Economic Theory, 1995, 67, (2), 299-326 View citations (8)
63. The macroeconomic implications of capital adequacy requirements for banks
    European Economic Review, 1995, 39, (3-4), 739-749 View citations (167)

1994

64. Liquidity provision, banking, and the allocation of interest rate risk
    European Economic Review, 1994, 38, (7), 1363-1389 View citations (125)

1993

65. Bertrand-Edgeworth Duopoly with Proportional Residual Demand
    International Economic Review, 1993, 34, (1), 39-60 View citations (30)
66. The challenge of monetary theory
    European Economic Review, 1993, 37, (2-3), 215-242 View citations (55)

1992

67. Fully revealing outcomes in signalling models: An example of nonexistence when the type space is unbounded
    Journal of Economic Theory, 1992, 58, (1), 93-104 View citations (13)

1991

68. Die Kommunikationsfunktion der Finanzmärkte
    Swiss Journal of Economics and Statistics (SJES), 1991, 127, (III), 351-364

1990

69. Introduction
    European Economic Review, 1990, 34, (2-3), 223-224
70. Subgame perfect equilibrium in continuous games of perfect information: An elementary approach to existence and approximation by discrete games
    Journal of Economic Theory, 1990, 52, (2), 406-422 View citations (22)

1989

71. Asymmetric information, financial markets, and financial institutions Where are we currently going?
    European Economic Review, 1989, 33, (2-3), 277-285 View citations (16)
72. Repudiation and Renegotiation: The Case of Sovereign Debt
    International Economic Review, 1989, 30, (1), 3-31 View citations (38)
73. The approximation of competitive equilibria by Bertrand-Edgeworth equilibria in large markets
    Journal of Mathematical Economics, 1989, 18, (2), 103-127 View citations (5)

1988

74. A note on the specification of interfirm communication in insurance markets with adverse selection
    Journal of Economic Theory, 1988, 46, (1), 154-163 View citations (57)

1987

75. On the existence of subgame-perfect equilibrium in infinite-action games of perfect information
    Journal of Economic Theory, 1987, 43, (1), 55-75 View citations (24)
76. Some recent developments in the theory of competition in markets with adverse selection *
    European Economic Review, 1987, 31, (1-2), 319-325 View citations (184)

1986

77. 'The pure theory of country risk' by J. Eaton, M. Gersovitz and J. Stiglitz
    European Economic Review, 1986, 30, (3), 521-527 View citations (2)
78. Bertrand-Edgeworth Oligopoly in Large Markets
    The Review of Economic Studies, 1986, 53, (2), 175-204 View citations (87)
79. Price-Setting Firms and the Oligopolistic Foundations of Perfect Competition
    American Economic Review, 1986, 76, (2), 387-92 View citations (35)
80. Risikoallokation in einem Marktsystem
    Swiss Journal of Economics and Statistics (SJES), 1986, 122, (III), 231-251 View citations (1)
81. The optimal linear income tax revisited
    Journal of Public Economics, 1986, 31, (2), 163-179 View citations (32)
82. The private supply of a public good
    Journal of Economics, 1986, 46, (1), 121-159 View citations (55)
    Also in Journal of Economics, 1986, 5, (1), 121-159 (1986) View citations (67)

1985

83. Incentive-Compatible Debt Contracts: The One-Period Problem
    The Review of Economic Studies, 1985, 52, (4), 647-663 View citations (906)

1983

84. A note on the implementation of rational expectations equilibria
    Economics Letters, 1983, 11, (1-2), 1-8 View citations (12)

1982

85. Rational expectations and the Markov property of temporary equilibrium processes
    Journal of Mathematical Economics, 1982, 9, (1-2), 135-144 View citations (9)
86. Rational expectations equilibrium with conditioning on past prices: A mean-variance example
    Journal of Economic Theory, 1982, 26, (2), 279-312 View citations (76)
    See also Working Paper Rational expectations equilibrium with conditioning on past prices: a mean-variance example, LIDAM Reprints CORE (1982) View citations (52) (1982)

1981

87. Bankruptcy, Limited Liability, and the Modigliani-Miller Theorem
    American Economic Review, 1981, 71, (1), 155-70 View citations (36)

1980

88. On the aggregation of information in competitive markets
    Journal of Economic Theory, 1980, 22, (3), 477-498 View citations (484)
89. Stochastic processes of temporary equilibria: A note
    Journal of Mathematical Economics, 1980, 7, (3), 287-299 View citations (7)

1977

90. A Model of Borrowing and Lending with Bankruptcy
    Econometrica, 1977, 45, (8), 1879-1906 View citations (16)

1975

91. A note on the budget constraint in a model of borrowing
    Journal of Economic Theory, 1975, 11, (2), 305-314 View citations (3)
92. Asset Management with Trading Uncertainty
    The Review of Economic Studies, 1975, 42, (3), 327-346 View citations (31)
    See also Working Paper Asset Management with Trading Uncertainty, Working papers (1973) (1973)
93. The demand for money and bonds in continuous-time models
    Journal of Economic Theory, 1975, 11, (3), 462-464 View citations (2)

Books

2014

1. The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: with a new preface by the authors
   Economics Books, Princeton University Press View citations (39)

2013

2. The Bankers' New Clothes: What's Wrong with Banking and What to Do about It
   Economics Books, Princeton University Press View citations (367)

2010

3. Arbeitsweise der Bankenaufsicht vor dem Hintergrund der Finanzmarktkrise, vol 63
   IW-Analysen, Institut der deutschen Wirtschaft (IW) / German Economic Institute View citations (3)

2004

4. An Agenda for a Growing Europe: The Sapir Report
   OUP Catalogue, Oxford University Press View citations (230)
   See also Working Paper An agenda for a growing Europe: the Sapir report, ULB Institutional Repository, ULB -- Universite Libre de Bruxelles (2004) View citations (206) (2004)

Chapters

2024

1. National central banks and the governance of the European system of central banks
   Chapter 4 in The EU Reexamined, 2024, pp 43-79
   See also Working Paper National central banks and the governance of the European system of central banks, Max Planck Institute for Research on Collective Goods (2024) (2024)

2014

2. The Emperors of Banking Have No Clothes
   A chapter in The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: with a new preface by the authors, 2014
   Also in A chapter in The Bankers' New Clothes: What's Wrong with Banking and What to Do about It, 2013 (2013)

2005

3. Risk aversion and incentive compatibility with ex post information asymmetry
   Springer View citations (1)
   See also Working Paper Risk Aversion and Incentive Compatibility with Ex Post Information Asymmetry, Sonderforschungsbereich 504, Universität Mannheim (1998) (1998)