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Details about Charles Milton Kahn

E-mail:
Homepage:http://kahnfrance.com/cmk/
Workplace:Department of Finance, College of Business, University of Illinois at Urbana-Champaign, (more information at EDIRC)
Department of Economics, University of Illinois at Urbana-Champaign, (more information at EDIRC)
Research Division, Federal Reserve Bank of St. Louis, (more information at EDIRC)
Bank of Canada, (more information at EDIRC)

Access statistics for papers by Charles Milton Kahn.

Last updated 2018-04-13. Update your information in the RePEc Author Service.

Short-id: pka119


Jump to Journal Articles Chapters

Working Papers

2017

  1. Sources of Liquidity and Liquidity Shortages
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads

2016

  1. Are there social spillovers in consumers’ security assessments of payment instruments?
    Working Papers, Federal Reserve Bank of Boston Downloads
    See also Journal Article in Journal of Financial Services Research (2017)
  2. Choice of Collateral Asset and the Cross-Border Effect of Automatic Stays
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads

2012

  1. Repos, fire sales, and bankruptcy policy
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (6)
    See also Journal Article in Review of Economic Dynamics (2015)

2011

  1. Systemic Risk and Optimal Regulatory Architecture
    IMF Working Papers, International Monetary Fund Downloads View citations (2)

2009

  1. Collateral Policy in a World of Round-the-Clock Payment
    Working Papers, University of Illinois at Urbana-Champaign, College of Business Downloads View citations (4)

2006

  1. Credit and Identity Theft
    2006 Meeting Papers, Society for Economic Dynamics
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2005) Downloads View citations (8)

    See also Journal Article in Journal of Monetary Economics (2008)

2004

  1. Money is privacy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (3)
    See also Journal Article in International Economic Review (2005)
  2. Payments Settlement under Limited Enforcement: Private versus Public Systems
    Econometric Society 2004 North American Winter Meetings, Econometric Society Downloads View citations (2)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2002) Downloads View citations (3)

2002

  1. Moral hazard and optimal subsidiary structure for financial institutions
    Proceedings, Federal Reserve Bank of Chicago
    See also Journal Article in Journal of Finance (2004)

2001

  1. A Theory of Transactions Privacy
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2000) Downloads View citations (8)
  2. Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision
    BIS Working Papers, Bank for International Settlements Downloads View citations (17)
    Also in Proceedings, Federal Reserve Bank of Chicago (2001) View citations (5)

    See also Journal Article in European Economic Review (2005)
  3. Bank Consolidation and Consumer Loan Interest Rates
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (4)
    Also in Proceedings, Federal Reserve Bank of Chicago (2000) View citations (5)

2000

  1. The CLS Bank: a solution to the risks of international payments settlement?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2001)

1999

  1. Real-time gross settlement and the costs of immediacy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (3)
    See also Journal Article in Journal of Monetary Economics (2001)
  2. Settlement risk under gross and net settlement
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (8)
    Also in Staff Reports, Federal Reserve Bank of New York (1999) Downloads View citations (8)

    See also Journal Article in Journal of Money, Credit and Banking (2003)

1998

  1. Demandable debt as a means of payment: banknotes versus checks
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads
    See also Journal Article in Journal of Money, Credit and Banking (1999)
  2. On the role of bank coalitions in the provision of liquidity
    Proceedings, Federal Reserve Bank of Chicago View citations (2)

1997

  1. Payment system settlement and bank incentives
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
    Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads View citations (2)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1996) Downloads View citations (11)

    See also Journal Article in Review of Financial Studies (1998)

1996

  1. Bank deposit rate clustering: theory and empirical evidence
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (4)
    See also Journal Article in Journal of Finance (1999)
  2. Competition and Incentives with Non-Exclusive Contracts
    Working Papers, Boston University - Industry Studies Programme View citations (3)
    Also in Working Papers, Boston University - Industry Studies Programme (1996)

    See also Journal Article in RAND Journal of Economics (1998)
  3. The Efficiency of Self-Regulated Payments Systems: Learning From the Suffolk System
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    See also Journal Article in Journal of Money, Credit and Banking (1996)

1995

  1. On the efficiency of cash settlement
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta Downloads View citations (2)

1993

  1. Project choice, moral hazard, and optimal subsidiary structure for intermediaries
    Proceedings, Federal Reserve Bank of Chicago
  2. Universal Coalition-Proof Equilibrium: Concepts and Applications
    Working Papers, Bell Communications - Economic Research Group View citations (2)

1991

  1. Coalition Proof Equilibrium in an Advese Selection Insurance Economy
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations (1)
    See also Journal Article in Journal of Economic Theory (1995)
  2. Efficiency of Market Under Moral hazard with Side-Trading
    University of Chicago - Economics Research Center, Chicago - Economics Research Center
  3. Optimal contingent bank liquidation under moral hazard
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago View citations (4)

1990

  1. NON-EXISTENCE AND INEFFICIENCY OF EQUILIBRIA WITH AMERICA OPTIONS AND CONVERTIBLE BONDS
    University of Chicago - Economics Research Center, Chicago - Economics Research Center
  2. Protecting the Wnner: Second-price Versus Oral Auctions
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations (1)
    See also Journal Article in Economics Letters (1991)
  3. THE GOOD THE BAD, AND THE UGLY: COALITION PROOF EQUILIBRIUM IN GANES WITH INFINITE STRASTEGIY SPACES
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations (2)

1983

  1. Wage-Employment Contracts
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (17)

1981

  1. Wage-Employment Contracts: Global Results
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

Journal Articles

2017

  1. Are there Social Spillovers in Consumers’ Security Assessments of Payment Instruments?
    Journal of Financial Services Research, 2017, 52, (1), 5-34 Downloads View citations (1)
    See also Working Paper (2016)

2016

  1. Erratum to: Identity Theft and Consumer Payment Choice: Does Security Really Matter?
    Journal of Financial Services Research, 2016, 50, (1), 161-162 Downloads View citations (3)
  2. Identity Theft and Consumer Payment Choice: Does Security Really Matter?
    Journal of Financial Services Research, 2016, 50, (1), 121-159 Downloads View citations (3)
  3. Law as a constraint on bailouts: Emergency support for central counterparties
    Journal of Financial Intermediation, 2016, 28, (C), 22-31 Downloads View citations (1)

2015

  1. Repos, Fire Sales, and Bankruptcy Policy
    Review of Economic Dynamics, 2015, 18, (1), 21-31 Downloads View citations (6)
    See also Working Paper (2012)

2013

  1. Private payment systems, collateral, and interest rates
    Annals of Finance, 2013, 9, (1), 83-114 Downloads View citations (3)

2011

  1. Discussion of “Precautionary Demand and Liquidity in Payment Systems”
    Journal of Money, Credit and Banking, 2011, 43, 621-623 Downloads

2009

  1. Payments Settlement: Tiering in Private and Public Systems
    Journal of Money, Credit and Banking, 2009, 41, (5), 855-884 Downloads View citations (17)
  2. Why pay? An introduction to payments economics
    Journal of Financial Intermediation, 2009, 18, (1), 1-23 Downloads View citations (28)

2008

  1. Credit and identity theft
    Journal of Monetary Economics, 2008, 55, (2), 251-264 Downloads View citations (12)
    Also in Conference Series ; [Proceedings], 2005 (2005) Downloads View citations (11)

    See also Working Paper (2006)

2007

  1. Crime and Punishment and Corruption: Who Needs "Untouchables?"
    Journal of Public Economic Theory, 2007, 9, (1), 69-87 Downloads View citations (11)
  2. Transferability, finality, and debt settlement
    Journal of Monetary Economics, 2007, 54, (4), 955-978 Downloads View citations (11)

2006

  1. Who Should Act as Lender of Last Resort? An Incomplete Contracts Model: A Comment
    Journal of Money, Credit and Banking, 2006, 38, (4), 1111-1118 Downloads View citations (14)

2005

  1. Allocating bank regulatory powers: Lender of last resort, deposit insurance and supervision
    European Economic Review, 2005, 49, (8), 2107-2136 Downloads View citations (63)
    See also Working Paper (2001)
  2. Bank Consolidation and the Dynamics of Consumer Loan Interest Rates
    The Journal of Business, 2005, 78, (1), 99-134 Downloads View citations (17)
  3. Low-Revenue Equilibria in Simultaneous Ascending-Bid Auctions
    Management Science, 2005, 51, (3), 508-518 Downloads View citations (23)
  4. MONEY IS PRIVACY
    International Economic Review, 2005, 46, (2), 377-399 Downloads View citations (15)
    See also Working Paper (2004)

2004

  1. Comment on "Competition and Financial Stability" by Franklin Allen and Douglas Gale
    Journal of Money, Credit and Banking, 2004, 36, (3), 481-86
  2. Moral Hazard and Optimal Subsidiary Structure for Financial Institutions
    Journal of Finance, 2004, 59, (6), 2531-2575 Downloads View citations (24)
    See also Working Paper (2002)

2003

  1. Settlement Risk under Gross and Net Settlement
    Journal of Money, Credit and Banking, 2003, 35, (4), 591-608 View citations (27)
    See also Working Paper (1999)

2002

  1. Multiunit Auctions in Which Almost Every Bid Wins
    Southern Economic Journal, 2002, 68, (3), 617-631 View citations (3)
  2. The economics of payment finality
    Economic Review, 2002, (Q2), 1-12 Downloads View citations (5)

2001

  1. Performance-Based Wages in Tax Collection: The Brazilian Tax Collection Reform and Its Effects
    Economic Journal, 2001, 111, (468), 188-205 Downloads View citations (23)
  2. Real-time gross settlement and the costs of immediacy
    Journal of Monetary Economics, 2001, 47, (2), 299-319 Downloads View citations (33)
    See also Working Paper (1999)
  3. The CLS bank: a solution to the risks of international payments settlement?
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 191-226 Downloads View citations (14)
    See also Working Paper (2000)
  4. The Economic Functions of Referrals and Referral Fees
    The Journal of Real Estate Finance and Economics, 2001, 23, (3), 267-96 Downloads View citations (2)

1999

  1. Bank Deposit Rate Clustering: Theory and Empirical Evidence
    Journal of Finance, 1999, 54, (6), 2185-2214 Downloads View citations (36)
    See also Working Paper (1996)
  2. Calibration of a model of declining prices in cattle auctions
    The Quarterly Review of Economics and Finance, 1999, 39, (1), 113-128 Downloads View citations (7)
  3. Demandable Debts as a Means of Payment: Banknotes versus Checks
    Journal of Money, Credit and Banking, 1999, 31, (3), 500-525 View citations (6)
    Also in Proceedings, 1999, 500-530 (1999)

    See also Working Paper (1998)
  4. Strategic transmission of information and short-term commitment
    Economic Theory, 1999, 14, (1), 131-153 Downloads View citations (1)
  5. The design of wholesale payments networks: the importance of incentives
    Economic Review, 1999, (Q3), 30-39 Downloads View citations (6)

1998

  1. Competition and Incentives with Nonexclusive Contracts
    RAND Journal of Economics, 1998, 29, (3), 443-465 Downloads View citations (44)
    See also Working Paper (1996)
  2. Multi-Unit Pay-Your-Bid Auctions with Variable Awards
    Games and Economic Behavior, 1998, 23, (1), 25-42 Downloads View citations (26)
  3. Multi-unit auctions with uniform prices
    Economic Theory, 1998, 12, (2), 227-258 Downloads View citations (87)
  4. Ownership Structure, Speculation, and Shareholder Intervention
    Journal of Finance, 1998, 53, (1), 99-129 Downloads View citations (154)
  5. Payment System Settlement and Bank Incentives
    Review of Financial Studies, 1998, 11, (4), 845-70 View citations (41)
    See also Working Paper (1997)

1996

  1. The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System
    Journal of Money, Credit and Banking, 1996, 28, (4), 766-97 Downloads View citations (24)
    Also in Proceedings, 1996, 766-803 (1996) View citations (43)

    See also Working Paper (1996)

1995

  1. Coalition Proof Equilibrium in an Adverse Selection Insurance Economy
    Journal of Economic Theory, 1995, 66, (1), 113-138 Downloads View citations (11)
    See also Working Paper (1991)
  2. Market failure with moral hazard and side trading
    Journal of Public Economics, 1995, 58, (2), 159-184 Downloads View citations (9)

1994

  1. Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor
    Journal of Money, Credit and Banking, 1994, 26, (3), 634-74 Downloads View citations (25)
    Also in Proceedings, 1994, 634-678 (1994) View citations (30)
  2. The Economic Role of Foreclosures
    The Journal of Real Estate Finance and Economics, 1994, 8, (1), 35-51 View citations (6)

1993

  1. An equilibrium model of quits under optimal contracting
    European Economic Review, 1993, 37, (6), 1203-1222 Downloads
  2. Exclusion and moral hazard: The case of identical demand
    Journal of Public Economics, 1993, 52, (2), 217-235 Downloads View citations (10)
  3. Existence and Characterization of Optimal Employment Contracts on a Continuous State Space
    Journal of Economic Theory, 1993, 59, (1), 122-144 Downloads View citations (3)
  4. Introducing work rules into models of wage-employment contracts
    The Quarterly Review of Economics and Finance, 1993, 33, (3), 217-231 Downloads View citations (1)
  5. Non-existence and Inefficiency of Equilibria with American Options
    Economic Theory, 1993, 3, (1), 169-76 View citations (3)

1992

  1. The good, the bad, and the ugly: Coalition proof equilibrium in infinite games
    Games and Economic Behavior, 1992, 4, (1), 101-121 Downloads View citations (3)

1991

  1. Protecting the winner: Second-price versus oral auctions
    Economics Letters, 1991, 35, (3), 243-248 Downloads View citations (12)
    See also Working Paper (1990)
  2. The Role of Demandable Debt in Structuring Optimal Banking Arrangements
    American Economic Review, 1991, 81, (3), 497-513 Downloads View citations (518)

1988

  1. A Competitive Efficiency Wage Model with Keynesian Features
    The Quarterly Journal of Economics, 1988, 103, (4), 609-645 Downloads View citations (7)
  2. Limited Contract Enforcement and Strategic Renegotiation
    American Economic Review, 1988, 78, (3), 471-84 Downloads View citations (45)
  3. Strategic renegotiation
    Economics Letters, 1988, 28, (2), 117-121 Downloads View citations (11)
  4. Two-sided Uncertainty and "Up-or-Out" Contracts
    Journal of Labor Economics, 1988, 6, (4), 423-44 Downloads View citations (75)

1986

  1. The Durable Goods Monopolist and Consistency with Increasing Costs
    Econometrica, 1986, 54, (2), 275-94 Downloads View citations (65)

1985

  1. Optimal Severance Pay with Incomplete Information
    Journal of Political Economy, 1985, 93, (3), 435-51 Downloads View citations (24)
  2. Optimal employment contracts with bankruptcy constraints
    Journal of Economic Theory, 1985, 35, (2), 343-365 Downloads View citations (10)

1980

  1. The Solution of Linear Difference Models under Rational Expectations
    Econometrica, 1980, 48, (5), 1305-11 Downloads View citations (1169)

Chapters

2011

  1. SOME IMPLICATIONS OF SYSTEMIC RISK AND THE DESIGN OF REGULATORY ARCHITECTURE
    Chapter 14 in Macroprudential Regulatory Policies The New Road to Financial Stability?, 2011, pp 207-214 Downloads
 
Page updated 2018-07-23