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Details about Edward J. Kane

E-mail:
Homepage:http://www2.bc.edu/~kaneeb
Workplace:Finance Department, Wallace E. Carroll School of Management, Boston College, (more information at EDIRC)

Access statistics for papers by Edward J. Kane.

Last updated 2018-09-09. Update your information in the RePEc Author Service.

Short-id: pka853


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Working Papers

2016

  1. Ethics vs. Ethos in US and UK Megabanking
    Working Papers Series, Institute for New Economic Thinking Downloads
  2. How to Reform the Credit-Rating Process to Support a Revival of Private-Label Securitization
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center Downloads

2015

  1. A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks
    Working Papers Series, Institute for New Economic Thinking Downloads
    See also Journal Article in Atlantic Economic Journal (2016)
  2. Tracking Variation in Systemic Risk at US Banks During 1974-2013
    Working Papers Series, Institute for New Economic Thinking Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (10)

2014

  1. Deposit Insurance Database
    IMF Working Papers, International Monetary Fund Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (11)
    Policy Research Working Paper Series, The World Bank (2014) Downloads View citations (9)
  2. Insurance Contracts and Derivatives that Substitute for Them: How and Where Should Their Systemic and Nonperformance Risks be Regulated?
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute Downloads

2011

  1. Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Proceedings, Federal Reserve Bank of Chicago (2011)

    See also Journal Article in Journal of Banking & Finance (2013)

2010

  1. The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute Downloads View citations (5)
    See also Journal Article in Review of Social Economy (2010)
  2. Unmet Duties in Managing Financial Safety Nets
    NFI Policy Briefs, Indiana State University, Scott College of Business, Networks Financial Institute Downloads View citations (1)
    See also Journal Article in Business Ethics Quarterly (2011)

2009

  1. Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

2008

  1. Ethical Failures in Regulating and Supervising The Pursuit of Safety Net Subsidies
    NFI Working Papers, Indiana State University, Scott College of Business, Networks Financial Institute Downloads
    See also Chapter (2012)
  2. Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article in Journal of Financial Services Research (2008)
  3. Evidence of Improved Monitoring and Insolvency Resolution after FDICIA
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  4. Regulation and Supervision: An Ethical Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  5. The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats
    Department of Economics Working Papers, Department of Economics, Williams College Downloads View citations (7)
    Also in Center for Development Economics, Department of Economics, Williams College (2008) Downloads View citations (6)
    Policy Research Working Paper Series, The World Bank (2008) Downloads View citations (4)

    See also Journal Article in World Bank Research Observer (2010)

2007

  1. Basel II: a contracting perspective
    Proceedings, Federal Reserve Bank of Chicago View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (2)

    See also Journal Article in Journal of Financial Services Research (2007)
  2. Determinants of Deposit-Insurance Adoption and Design
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in Policy Research Working Paper Series, The World Bank (2006) Downloads View citations (15)

    See also Journal Article in Journal of Financial Intermediation (2008)
  3. Incentive Conflict In Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Chapter (2009)

2006

  1. Deposit insurance design and implementation: policy lessons from research and practice
    Policy Research Working Paper Series, The World Bank Downloads View citations (3)
  2. Inadequacy of Nation-Based and VaR-Based Safety Nets in the European Union
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in The North American Journal of Economics and Finance (2006)

2005

  1. Breeding fiercer watchdogs for corporate governance
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  2. Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Atlantic Economic Journal (2006)
  3. Confronting Divergent Interests in Cross-Country Regulatory Arrangements
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Chapter (2006)
    Journal Article in Reserve Bank of New Zealand Bulletin (2006)
  4. How have borrowers fared in banking mega-mergers?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (1)

    See also Journal Article in Journal of Money, Credit and Banking (2006)
  5. Winners and Losers from Enacting the Financial Modernization Statute
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2004

  1. Charles Kindleberger
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2003

  1. Continuing Dangers of Disinformation in Corporate Accounting Reports
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Review of Financial Economics (2004)
  2. Deposit Insurance: Handle With Care
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (1)
    See also Chapter (2004)

2002

  1. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
    CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (13)

    See also Journal Article in Journal of Financial Services Research (2003)

2001

  1. Deposit Insurance Around the Globe: Where Does it Work?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    Also in Policy Research Working Paper Series, The World Bank (2001) Downloads View citations (12)

    See also Journal Article in Journal of Economic Perspectives (2002)
  2. Designing financial safety nets for countries in different circumstances
    Proceedings, Federal Reserve Bank of Chicago
  3. Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in The Quarterly Review of Economics and Finance (2002)
  4. Financial Safety Nets: Reconstructing and Modeling a Policymaking Metaphor
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in The Journal of International Trade & Economic Development (2001)
  5. Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Banking & Finance (2002)

2000

  1. Bank Runs and Banking Policies: Lessons for African Policymakers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of African Economies (2001)
  2. Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article in Pacific-Basin Finance Journal (2000)
  3. Designing financial safety nets to fit country circumstances
    Policy Research Working Paper Series, The World Bank Downloads View citations (29)
  4. Incentives for banking megamergers: what motives might regulations infer from event-study evidence?
    Proceedings, Federal Reserve Bank of Chicago View citations (48)
    See also Journal Article in Journal of Money, Credit and Banking (2000)

1999

  1. How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Financial Services Research (1999)

1998

  1. A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article in Journal of Money, Credit and Banking (1998)
  2. Capital Movements, Asset Values, and Banking Policy in Globalized Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in Proceedings, Federal Reserve Bank of Chicago (1998) View citations (3)
  3. Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Safety net subsidies at U.S. commercial banks, 1985-1994
    Proceedings, Federal Reserve Bank of Chicago

1997

  1. Ethical Foundations of Financial Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    See also Journal Article in Journal of Financial Services Research (1997)
  2. The demise of double liability as an optimal contract for large-bank stockholders
    Proceedings, Federal Reserve Bank of Chicago
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (9)

1996

  1. Foundations of financial regulation
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
  2. Risk-Shifting by Federally Insured Commercial Banks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  3. Stopping Information Asymmetries in Government from Promoting Risk Shifting by Banks
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania Downloads

1995

  1. What are large U.S. banks doing in taxable money market mutual funds?
    Proceedings, Federal Reserve Bank of Chicago
  2. What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

1994

  1. Difficulties of transferring risk-based capital requirements to developing countries
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    See also Journal Article in Pacific-Basin Finance Journal (1995)
  2. How Much Did Capital Forbearance Add to the Cost of the S&L Insurance Mess
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. How much did capital forbearance add to the tab for FSLIC mess?
    Proceedings, Federal Reserve Bank of Chicago View citations (3)
  4. The Federal Deposit Insurance Fund That Didn't Put A Bite on U.S. Tax Payers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Banking & Finance (1996)

1993

  1. Dangers of a bifurcating bank system
    Proceedings, Federal Reserve Bank of Chicago

1992

  1. Incentive conflict in deposit-institution regulation: evidence from Australia
    Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago View citations (4)
    See also Journal Article in Pacific-Basin Finance Journal (1993)
  2. Incentive conflict in deposit-insurance regulation: evidence from Australia
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
  3. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

1991

  1. Capital positions of Japanese banks
    Policy Research Working Paper Series, The World Bank Downloads View citations (2)
    Also in Proceedings, Federal Reserve Bank of Chicago (1990)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (2)
  2. Dissecting current legislative proposals for deposit insurance reform
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1990

  1. Incentive Conflict in the International Regulatory Agreement on Risk-Based Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Regulation in a global market context
    Proceedings, Federal Reserve Bank of Chicago View citations (1)

1989

  1. How Incentive-Incompatible Deposit-Insurance Funds Fail
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)

1988

  1. Change in Market Assessments of Deposit-Institution Riskiness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (68)
  2. Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    See also Journal Article in Journal of Finance (1990)
  3. Parameter variability, event studies, and the two-index model
    Proceedings, Federal Reserve Bank of Chicago

1987

  1. No Room for Weak Links in the Chain of Deposit Insurance Reform
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  2. Off-balance-sheet items and the changing market and interest-rate sensitivity of deposit-institution equity returns
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
  3. Who Should Learn What From the Failure and Delayed Bailout of the ODGF?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Proceedings, Federal Reserve Bank of Chicago (1987) View citations (4)

1986

  1. Valuing conjectural government guarantees of FNMA liabilities
    Proceedings, Federal Reserve Bank of Chicago View citations (6)

1984

  1. Change and Progress in Contemporary Mortgage Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Microeconomic Evidence on the Composition of Effective Household SavingsDuring the 1960s and 1970s
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Regulatory Structure in Futures Markets: Jurisdictional Competition Among the SEC, the CFTC, and Other Agencies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  4. Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    See also Journal Article in Journal of Finance (1984)

1981

  1. Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article in Journal of Finance (1981)
  2. Changes in the Provision of Correspondent-Banking Services and the Role of Federal Reserve Banks under the DIDMC Act
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1982)
  3. Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  4. Nested Tests of Alternative Term-Structure Theories
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in The Review of Economics and Statistics (1983)

1980

  1. Accelerating Inflation and the Distribution of Household Savings Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

Journal Articles

2018

  1. Ethics versus Ethos in US and UK Megabanking
    Journal of Financial Services Research, 2018, 53, (2), 211-226 Downloads View citations (1)

2016

  1. A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks
    Atlantic Economic Journal, 2016, 44, (1), 51-71 Downloads View citations (1)
    See also Working Paper (2015)

2015

  1. Deposit insurance around the world: A comprehensive analysis and database
    Journal of Financial Stability, 2015, 20, (C), 155-183 Downloads View citations (6)

2013

  1. Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the US and EU before and during the great recession
    Journal of Banking & Finance, 2013, 37, (6), 1845-1859 Downloads View citations (6)
    See also Working Paper (2011)

2012

  1. How to Reform the Credit-Rating Process to Support a Sustainable Revival of Private-Label Securitization
    Quarterly Journal of Finance (QJF), 2012, 02, (01), 1-25 Downloads
  2. Missing elements in US financial reform: A Kübler-Ross interpretation of the inadequacy of the Dodd-Frank Act
    Journal of Banking & Finance, 2012, 36, (3), 654-661 Downloads View citations (7)
  3. Regulatory Arbitrage in Cross‐Border Banking Mergers within the EU
    Journal of Money, Credit and Banking, 2012, 44, (8), 1609-1629 Downloads View citations (16)

2011

  1. Safety‐Net Losses from Abandoning Glass–Steagall Restrictions
    Journal of Money, Credit and Banking, 2011, 43, (7), 1371-1398 Downloads View citations (2)
  2. Unmet Duties in Managing Financial Safety Nets
    Business Ethics Quarterly, 2011, 21, (01), 1-22 Downloads
    See also Working Paper (2010)

2010

  1. Rating "Agencies": How Regulation Might Help
    ifo DICE Report, 2010, 8, (1), 14-23 Downloads View citations (1)
  2. Redefining and Containing Systemic Risk
    Atlantic Economic Journal, 2010, 38, (3), 251-264 Downloads View citations (17)
  3. The 2007 Meltdown in Structured Securitization: Searching for Lessons, not Scapegoats
    World Bank Research Observer, 2010, 25, (1), 125-155 Downloads View citations (7)
    See also Working Paper (2008)
  4. The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation
    Review of Social Economy, 2010, 68, (2), 145-161 Downloads View citations (9)
    See also Working Paper (2010)

2009

  1. Extracting Nontransparent Safety Net Subsidies by Strategically Expanding and Contracting a Financial Institution’s Accounting Balance Sheet
    Journal of Financial Services Research, 2009, 36, (2), 161-168 Downloads View citations (6)
  2. Financial Economists Roundtable Statement on Reforming the Role of the Rating "Agencies" in the Securitization Process
    Journal of Applied Corporate Finance, 2009, 21, (1), 28-33 Downloads View citations (3)

2008

  1. Determinants of deposit-insurance adoption and design
    Journal of Financial Intermediation, 2008, 17, (3), 407-438 Downloads View citations (54)
    See also Working Paper (2007)
  2. Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries
    Journal of Financial Services Research, 2008, 34, (2), 151-176 Downloads View citations (17)
    See also Working Paper (2008)

2007

  1. Basel II: A Contracting Perspective
    Journal of Financial Services Research, 2007, 32, (1), 39-53 Downloads View citations (8)
    See also Working Paper (2007)
  2. Connecting National Safety Nets: The Dialectics of the Basel II Contracting Process
    Atlantic Economic Journal, 2007, 35, (4), 399-409 Downloads View citations (2)
  3. Roundtable discussion: reflection on twenty years of bank regulatory reform
    Economic Review, 2007, (Q1-2), 119-138 Downloads

2006

  1. Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?
    Atlantic Economic Journal, 2006, 34, (2), 127-144 Downloads View citations (3)
    See also Working Paper (2005)
  2. Confronting divergent interests in cross-country regulatory arrangements
    Reserve Bank of New Zealand Bulletin, 2006, 69, 12p. Downloads View citations (4)
    See also Chapter (2006)
    Working Paper (2005)
  3. How Have Borrowers Fared in Banking Megamergers?
    Journal of Money, Credit and Banking, 2006, 38, (3), 821-836 Downloads View citations (16)
    See also Working Paper (2005)
  4. Inadequacy of nation-based and VaR-based safety nets in the European Union
    The North American Journal of Economics and Finance, 2006, 17, (3), 375-387 Downloads View citations (6)
    See also Working Paper (2006)

2005

  1. Charles Kindleberger: An Impressionist in a Minimalist World
    Atlantic Economic Journal, 2005, 33, (1), 35-42 Downloads

2004

  1. Alternatives to blanket guarantees for containing a systemic crisis
    Journal of Financial Stability, 2004, 1, (1), 31-63 Downloads View citations (44)
  2. Continuing dangers of disinformation in corporate accounting reports
    Review of Financial Economics, 2004, 13, (1-2), 149-164 Downloads View citations (2)
    See also Working Paper (2003)
  3. Discussion of shadow reports
    Journal of Financial Stability, 2004, 1, (2), 251-256 Downloads
  4. The Controversy Over Executive Compensation
    Journal of Applied Corporate Finance, 2004, 16, (1), 108-111 Downloads

2003

  1. How Country and Safety-Net Characteristics Affect Bank Risk-Shifting
    Journal of Financial Services Research, 2003, 23, (3), 177-204 Downloads View citations (61)
    See also Working Paper (2002)
  2. What kind of multinational deposit-insurance arrangements might best enhance world welfare?
    Pacific-Basin Finance Journal, 2003, 11, (4), 413-428 Downloads View citations (5)

2002

  1. Cross-country evidence on deposit-insurance
    The Quarterly Review of Economics and Finance, 2002, 42, (4), 695-699 Downloads
  2. Deposit Insurance Around the Globe: Where Does It Work?
    Journal of Economic Perspectives, 2002, 16, (2), 175-195 Downloads View citations (115)
    See also Working Paper (2001)
  3. Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970-2000
    The Quarterly Review of Economics and Finance, 2002, 42, (3), 439-463 Downloads View citations (6)
    See also Working Paper (2001)
  4. Regression evidence of safety-net support in Canada and the U.S., 1893-1992
    The Quarterly Review of Economics and Finance, 2002, 42, (4), 649-671 Downloads
  5. Resolving systemic financial crises efficiently
    Pacific-Basin Finance Journal, 2002, 10, (3), 217-226 Downloads View citations (2)
  6. Using deferred compensation to strengthen the ethics of financial regulation
    Journal of Banking & Finance, 2002, 26, (9), 1919-1933 Downloads View citations (2)
    See also Working Paper (2001)

2001

  1. Bank Runs and Banking Policies: Lessons for African Policy Makers
    Journal of African Economies, 2001, 10, (suppl_1), 36-71 Downloads View citations (1)
    See also Working Paper (2000)
  2. Dynamic inconsistency of capital forbearance: Long-run vs. short-run effects of too-big-to-fail policymaking
    Pacific-Basin Finance Journal, 2001, 9, (4), 281-299 Downloads View citations (7)
  3. Financial safety nets: reconstructing and modelling a policymaking metaphor
    The Journal of International Trade & Economic Development, 2001, 10, (3), 237-273 Downloads View citations (1)
    See also Working Paper (2001)
  4. Using disaster planning to optimize expenditures on financial safety nets
    Atlantic Economic Journal, 2001, 29, (3), 243-253 Downloads View citations (5)

2000

  1. Architecture of Supra-Governmental International Financial Regulation
    Journal of Financial Services Research, 2000, 18, (2), 301-318 Downloads View citations (1)
  2. Capital movements, banking insolvency, and silent runs in the Asian financial crisis
    Pacific-Basin Finance Journal, 2000, 8, (2), 153-175 Downloads View citations (14)
    See also Working Paper (2000)
  3. Effectiveness of Capital Regulation at U.S. Commercial Banks, 1985 to 1994
    Journal of Finance, 2000, 55, (1), 451-468 Downloads View citations (34)
  4. Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence?
    Journal of Money, Credit and Banking, 2000, 32, (3), 671-701 View citations (58)
    Also in Proceedings, 2000, 671-705 (2000) View citations (79)

    See also Working Paper (2000)
  5. The dialectical role of information and disinformation in regulation-induced banking crises
    Pacific-Basin Finance Journal, 2000, 8, (3-4), 285-308 Downloads View citations (5)

1999

  1. Breakdown of accounting controls at Barings and Daiwa: Benefits of using opportunity-cost measures for trading activity
    Pacific-Basin Finance Journal, 1999, 7, (3-4), 203-228 Downloads View citations (3)
  2. Housing Finance GSEs: Who Gets the Subsidy?
    Journal of Financial Services Research, 1999, 15, (3), 197-209 Downloads View citations (4)
  3. How Offshore Financial Competition Disciplines Exit Resistance by Incentive-Conflicted Bank Regulators
    Journal of Financial Services Research, 1999, 16, (2), 265-291 Downloads View citations (3)
    See also Working Paper (1999)
  4. Implications of superhero metaphors for the issue of banking powers
    Journal of Banking & Finance, 1999, 23, (2-4), 663-673 Downloads View citations (10)

1998

  1. A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
    Journal of Money, Credit and Banking, 1998, 30, (3), 573-95 View citations (13)
    Also in Proceedings, 1998, (Aug), 573-595 (1998)

    See also Working Paper (1998)
  2. Lessons of privatization1
    Pacific-Basin Finance Journal, 1998, 6, (3-4), 235-249 Downloads View citations (1)
  3. Offshore financial regulatory competition: a force for modernization and for crisis
    Proceedings, 1998, (Sep)

1997

  1. Ethical Foundations of Financial Regulation
    Journal of Financial Services Research, 1997, 12, (1), 51-74 Downloads View citations (14)
    See also Working Paper (1997)
  2. FC, CG, SF,NS,The Future of Central Banking: The Tercentenary Symposium of the Bank of England.New York: Cambridge Univ. Press, 1995. xiv + 362 pp., $49.95
    Journal of Comparative Economics, 1997, 24, (1), 95-97 Downloads
  3. Making bank risk shifting more transparent
    Pacific-Basin Finance Journal, 1997, 5, (2), 143-156 Downloads View citations (1)

1996

  1. Comment on Alternative Monies and the Demand for Media of Exchange
    Journal of Money, Credit and Banking, 1996, 28, (4), 961-64 Downloads View citations (2)
  2. De Jure Interstate Banking: Why Only Now?
    Journal of Money, Credit and Banking, 1996, 28, (2), 141-61 Downloads View citations (87)
  3. Difficulties in Making Implicit Government Risk-Bearing Partnerships Explicit
    Journal of Risk and Uncertainty, 1996, 12, (2-3), 189-99 View citations (1)
  4. Opportunity cost of capital forbearance during the final years of the FSLIC mess
    The Quarterly Review of Economics and Finance, 1996, 36, (3), 271-290 Downloads View citations (5)
  5. Preface to minisymposium on drawing the right lessons from the S&L mess
    The Quarterly Review of Economics and Finance, 1996, 36, (3), 269-270 Downloads
  6. Reducing Taxpayer Exposure to Loss from Innovations in Bank Risk Management
    Journal of Money, Credit and Banking, 1996, 28, (4), 980-85 Downloads View citations (1)
    Also in Proceedings, 1996, 980-985 (1996) View citations (1)
  7. The federal deposit insurance fund that didn't put a bite on U.S. taxpayers
    Journal of Banking & Finance, 1996, 20, (8), 1305-1327 Downloads View citations (16)
    See also Working Paper (1994)

1995

  1. Difficulties of transferring risk-based capital requirements to developing countries
    Pacific-Basin Finance Journal, 1995, 3, (2-3), 193-216 Downloads View citations (9)
    See also Working Paper (1994)
  2. Measuring the true profile of taxpayer losses in the S & L insurance mess
    Journal of Banking & Finance, 1995, 19, (8), 1459-1477 Downloads View citations (10)
  3. Reregulating Rural Banks: Discussion
    American Journal of Agricultural Economics, 1995, 77, (3), 762-764 Downloads
  4. Three paradigms for the role of capitalization requirements in insured financial institutions
    Journal of Banking & Finance, 1995, 19, (3-4), 431-459 Downloads View citations (45)
  5. U.S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?
    Real Estate Economics, 1995, 23, (2), 101-116 Downloads View citations (5)

1993

  1. Incentive conflict in deposit-institution regulation: evidence from Australia
    Pacific-Basin Finance Journal, 1993, 1, (1), 13-29 Downloads View citations (4)
    See also Working Paper (1992)
  2. Taxpayer Loss Exposure in the Bank Insurance Fund
    Challenge, 1993, 36, (2), 43-49 Downloads View citations (1)
  3. What Lessons Should Japan Learn from the U.S. Deposit-Insurance Mess?
    Journal of the Japanese and International Economies, 1993, 7, (4), 329-355 Downloads View citations (7)

1992

  1. CAUSES AND CONSEQUENCES OF THE 1980s COMMERCIAL CONSTRUCTION BOOM
    Journal of Applied Corporate Finance, 1992, 5, (1), 61-70 Downloads View citations (10)

1991

  1. Financial Regulation and Market Forces
    Swiss Journal of Economics and Statistics (SJES), 1991, 127, (III), 325-342 Downloads View citations (7)

1990

  1. Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
    Journal of Finance, 1990, 45, (1), 113-36 Downloads View citations (34)
    See also Working Paper (1988)
  2. Principal-Agent Problems in S&L Salvage
    Journal of Finance, 1990, 45, (3), 755-64 Downloads View citations (38)
  3. The supervisory implications of financial globalization: three views
    Economic Perspectives, 1990, (May), 30-38 Downloads

1989

  1. The Bush Plan Is No Cure for the S&L Insurance Malady
    Challenge, 1989, 32, (6), 39-43 Downloads
  2. The High Cost of Incompletely Funding the FSLIC Shortage of Explicit Capital
    Journal of Economic Perspectives, 1989, 3, (4), 31-47 Downloads View citations (21)

1988

  1. Changing incentives facing financial-services regulators
    Proceedings, 1988, 265-279 View citations (7)
  2. Interaction of Financial and Regulatory Innovation
    American Economic Review, 1988, 78, (2), 328-34 Downloads View citations (16)
  3. THE IMPACT OF A NEW FEDERAL RESERVE CHAIRMAN
    Contemporary Economic Policy, 1988, 6, (1), 89-97 Downloads

1987

  1. DANGERS OF CAPITAL FORBEARANCE: THE CASE OF THE FSLIC AND "ZOMBIE" S&Ls
    Contemporary Economic Policy, 1987, 5, (1), 77-83 Downloads View citations (11)

1986

  1. Appearance and reality in deposit insurance: The case for reform
    Journal of Banking & Finance, 1986, 10, (2), 175-188 Downloads View citations (43)

1984

  1. Regulatory structure in futures markets: Jurisdictional competition between the sec, the cftc, and other agencies
    Journal of Futures Markets, 1984, 4, (3), 367-384 Downloads View citations (5)
  2. Technological and Regulatory Forces in the Developing Fusion of Financial-Services Competition
    Journal of Finance, 1984, 39, (3), 759-72 Downloads View citations (17)
    See also Working Paper (1984)

1983

  1. Nested Tests of Alternative Term-Structure Theories
    The Review of Economics and Statistics, 1983, 65, (1), 115-23 Downloads View citations (7)
    See also Working Paper (1981)
  2. Policy Implications of Structural Changes in Financial Markets
    American Economic Review, 1983, 73, (2), 96-100 Downloads View citations (4)

1982

  1. Changes in the provision of correspondent-banking services and the role of Federal Reserve Banks under the DIDMC Act
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 93-126 Downloads View citations (2)
    See also Working Paper (1981)
  2. Rejoinder
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 137-140 Downloads
  3. Selecting monetary targets in a changing financial environment
    Proceedings - Economic Policy Symposium - Jackson Hole, 1982, 181-222 Downloads View citations (1)

1981

  1. Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation
    Journal of Finance, 1981, 36, (2), 355-67 Downloads View citations (37)
    See also Working Paper (1981)
  2. Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital
    Journal of Finance, 1981, 36, (1), 51-60 Downloads View citations (130)

1980

  1. Comment on Analysis of the Impact of Capital-Specific Policies or Legislation and An Integrated Model of Household Flow-of-Funds Allocations
    Journal of Money, Credit and Banking, 1980, 12, (2), 422-25 Downloads
  2. Market Incompleteness and Divergences between Forward and Future Interest Rates
    Journal of Finance, 1980, 35, (2), 221-34 Downloads View citations (8)
  3. Politics and Fed policymaking: The more things change the more they remain the same
    Journal of Monetary Economics, 1980, 6, (2), 199-211 Downloads View citations (21)

1979

  1. Portfolio Diversification at Commercial Banks
    Journal of Finance, 1979, 34, (1), 19-34 Downloads

1978

  1. Discussion: Duration and Portfolio Strategy
    Journal of Financial and Quantitative Analysis, 1978, 13, (04), 651-652 Downloads
  2. Getting Along without Regulation Q: Testing the Standard View of Deposit-Rate Competition during the "Wild-Card Experience."
    Journal of Finance, 1978, 33, (3), 921-32 Downloads View citations (1)

1977

  1. Good Intentions and Unintended Evil: The Case against Selective Credit Allocation
    Journal of Money, Credit and Banking, 1977, 9, (1), 55-69 Downloads View citations (44)

1976

  1. Autoregressive and Nonautoregressive Elements in Cross-Section Forecasts of Inflation
    Econometrica, 1976, 44, (1), 1-16 Downloads View citations (4)
  2. Federal Home Loan Bank Board policy and the plight of savings and loan associations: A comment on the Jaffee and Swan papers
    Carnegie-Rochester Conference Series on Public Policy, 1976, 4, (1), 237-245 Downloads
  3. Panel Discussion on the Teaching of Money and Banking
    Journal of Financial and Quantitative Analysis, 1976, 11, (04), 613-616 Downloads

1975

  1. New Congressional Restraints and Federal Reserve Independence
    Challenge, 1975, 18, (5), 37-44 Downloads View citations (1)
  2. Tax avoidance by savings-and-loan associations before and after the tax reform act of 1969
    Journal of Monetary Economics, 1975, 1, (1), 41-63 Downloads

1974

  1. All for the Best: The Federal Reseve Board's 60th Annual Report
    American Economic Review, 1974, 64, (6), 835-50 Downloads View citations (2)
  2. The Re-Politicization of the Fed
    Journal of Financial and Quantitative Analysis, 1974, 9, (05), 743-752 Downloads View citations (1)

1973

  1. Monetary and Fiscal Influence on U.S. Money Income, 1891-1970: Comment
    Journal of Money, Credit and Banking, 1973, 5, (1), 301-03 Downloads
  2. Simulations of Stabilization Policies for 1966-1970 and A Comparison of Stabilization Policies: 1966-67 and 1969-70: Comment
    Journal of Money, Credit and Banking, 1973, 5, (1), 39-42 Downloads
  3. The Central Bank as Big Brother: Comment
    Journal of Money, Credit and Banking, 1973, 5, (4), 979-81 Downloads

1970

  1. Short-Changing the Small Saver: Federal Government Discrimination against the Small Saver During the Vietnam War
    Journal of Money, Credit and Banking, 1970, 2, (4), 513-22 Downloads View citations (4)
  2. The Term Structure of Interest Rates: An Attempt to Reconcile Teaching with Practice
    Journal of Finance, 1970, 25, (2), 361-74 Downloads View citations (1)

1969

  1. Expectations and Interest Rates: A Cross-sectional Test of the Error-learning Hypothesis
    Journal of Political Economy, 1969, 77, (4), 453-70 Downloads View citations (1)

1968

  1. THE DETERMINANTS OF MEMBER‐BANK BORROWING: A REPLY
    Journal of Finance, 1968, 23, (5), 838-847 Downloads

1966

  1. THE DETERMINANTS OF MEMBER‐BANK BORROWING: AN ECONOMETRIC STUDY
    Journal of Finance, 1966, 21, (3), 499-514 Downloads View citations (7)

1965

  1. Bank Portfolio Allocation, Deposit Variability, and the Availability Doctrine
    The Quarterly Journal of Economics, 1965, 79, (1), 113-134 Downloads View citations (19)

1962

  1. THE INTERREGIONAL FLOW OF FUNDS IN THE UNITED STATES, 1955–58
    Journal of Finance, 1962, 17, (4), 681-682 Downloads

Books

2013

  1. States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads

2011

  1. Regulation and Banking after the Crisis
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads

1985

  1. The Gathering Crisis in Federal Deposit Insurance, vol 1
    MIT Press Books, The MIT Press View citations (85)

Edited books

2010

  1. BANKING AND CAPITAL MARKETS:New International Perspectives
    World Scientific Books, World Scientific Publishing Co. Pte. Ltd. Downloads

2008

  1. Deposit Insurance around the World: Issues of Design and Implementation, vol 1
    MIT Press Books, The MIT Press View citations (23)

Chapters

2018

  1. Financial Safety Nets: The Good, The Bad, and The Ugly
    Chapter 5 in Public Policy & Financial Economics Essays in Honor of Professor George G Kaufman for His Lifelong Contributions to the Profession, 2018, pp 47-70 Downloads
  2. Stretching the Financial Safety Net to its Breaking Point
    Chapter 7 in Innovative Federal Reserve Policies During the Great Financial Crisis, 2018, pp 189-228 Downloads

2015

  1. Hair of the Dog that Bit Us: The Insufficiency of New and Improved Capital Requirements
    Chapter 14 in The First Great Financial Crisis of the 21st Century A Retrospective, 2015, pp 377-397 Downloads

2013

  1. Bankers and Brokers First: Loose Ends in the Theory of Central Bank Policymaking
    Chapter 16 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 309-325 Downloads

2012

  1. Ethical Failures in Regulating and Supervising the Pursuit of Safety Net Subsidies
    Chapter 3 in Research Handbook on International Financial Regulation, 2012 Downloads
    See also Working Paper (2008)

2009

  1. Incentive Conflict in Central Bank Responses to Sectoral Turmoil in Financial Hub Countries
    Chapter 9 in Globalization And Systemic Risk, 2009, pp 121-144 Downloads
    See also Working Paper (2007)

2006

  1. Confronting Divergent Interests in Cross-Country Regulatory Arrangements
    Chapter 18 in Cross-Border Banking Regulatory Challenges, 2006, pp 265-285 Downloads View citations (2)
    See also Working Paper (2005)
    Journal Article in Reserve Bank of New Zealand Bulletin (2006)

2005

  1. Impediments to Fair and Efficient Resolution of Large Banks and Banking Crises
    Chapter 9 in Systemic Financial Crises Resolving Large Bank Insolvencies, 2005, pp 123-140 Downloads

2004

  1. Deposit Insurance: Handle with Care
    Chapter 12 in Banking Market Structure and Monetary Policy, 2004, vol. 7, pp 345-358 Downloads View citations (6)
    See also Working Paper (2003)
 
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