Details about Merton H. Miller

This author is deceased (2000-06-03).

Access statistics for papers by Merton H. Miller.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pmi18

Working Papers

1993

1. Swaps and systemic risk in interbank markets
   Proceedings, Federal Reserve Bank of Chicago

1991

2. Autobiography
   Nobel Prize in Economics documents, Nobel Prize Committee

1990

3. Leverage
   Nobel Prize in Economics documents, Nobel Prize Committee
   See also Journal Article Leverage, Journal of Applied Corporate Finance, Morgan Stanley (2005) (2005)

1989

4. COMMENTARY: VOLATILITY, PRICES RESOLUTION, AND EFFECTIVENESS OF PRICE LIMITS
   Working Papers, Columbia - Center for Futures Markets View citations (17)

1988

5. LIQUIDITY AND MARKET STRUCTURE
   Working Papers, Princeton, Department of Economics - Financial Research Center View citations (522)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (541)
6. Margins and the future of the markets
   Proceedings, Federal Reserve Bank of Chicago

1985

7. Monetary stabilization policy in an open economy
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1966

8. Decision and horizon rules for stochastic planning problems: A linear example
   LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (9)

Undated

9. The Future of Futures
   CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (1)
   See also Journal Article The future of futures, Pacific-Basin Finance Journal, Elsevier (1997) View citations (2) (1997)

Journal Articles

2024

1. Financial markets and economic growth
   Journal of Applied Corporate Finance, 2024, 36, (1), 9-14
   Also in Journal of Applied Corporate Finance, 1998, 11, (3), 8-15 (1998) View citations (70)
   Journal of Applied Corporate Finance, 2012, 24, (1), 8-13 (2012) View citations (2)

2005

2. Leverage
   Journal of Applied Corporate Finance, 2005, 17, (1), 106-111
   Also in Journal of Applied Corporate Finance, 1991, 4, (2), 6-13 (1991)
   Journal of Finance, 1991, 46, (2), 479-88 (1991) View citations (4)
   See also Working Paper Leverage, Nobel Prize in Economics documents (1990) (1990)

2004

3. Challenges to demand management
   Fiscal Studies, 2004, 25, (3), 47-57

2000

4. Exchange Rate Policy Options for Southeast Asia
   International Review of Finance, 2000, 1, (1), 3-8 View citations (1)
5. Reflections of a retiring Keynote Speaker
   Pacific-Basin Finance Journal, 2000, 8, (3-4), 277-283 View citations (2)
6. THE HISTORY OF FINANCE: AN EYEWITNESS ACCOUNT
   Journal of Applied Corporate Finance, 2000, 13, (2), 8-14 View citations (8)

1999

7. THE CASE FOR AN INDONESIAN CURRENCY BOARD
   Journal of Applied Corporate Finance, 1999, 11, (4), 57-65 View citations (8)

1998

8. Asian financial crisis
   Japan and the World Economy, 1998, 10, (3), 355-358 View citations (41)
9. SOME REFLECTIONS ON RECENT MONETARY TURMOIL IN EASTERN EUROPE
   Journal of Applied Corporate Finance, 1998, 11, (3), 49-54
10. The M&M Propositions 40 Years Later
    European Financial Management, 1998, 4, (2), 113-120 View citations (2)
11. The current Southeast Asia financial crisis1
    Pacific-Basin Finance Journal, 1998, 6, (3-4), 225-233 View citations (14)
12. VALUE AT RISK: USES AND ABUSES
    Journal of Applied Corporate Finance, 1998, 10, (4), 26-38 View citations (7)

1997

13. Clustering and Competition in Asset Markets
    Journal of Law and Economics, 1997, 40, (1), 23-60 View citations (52)
14. The future of futures
    Pacific-Basin Finance Journal, 1997, 5, (2), 131-142 View citations (2)
    See also Working Paper The Future of Futures, CRSP working papers View citations (1)

1996

15. The social costs of some recent derivatives disasters
    Pacific-Basin Finance Journal, 1996, 4, (2-3), 113-127 View citations (5)

1995

16. Do the M & M propositions apply to banks?
    Journal of Banking & Finance, 1995, 19, (3-4), 483-489 View citations (96)
17. Do we really need more regulation of financial derivatives?
    Pacific-Basin Finance Journal, 1995, 3, (2-3), 147-158 View citations (4)
18. Functional regulation
    Pacific-Basin Finance Journal, 1995, 3, (1), 139-139
    Also in Pacific-Basin Finance Journal, 1994, 2, (2-3), 91-106 (1994) View citations (3)
19. HEDGING IN THE THEORY OF CORPORATE FINANCE: A REPLY TO OUR CRITICS
    Journal of Applied Corporate Finance, 1995, 8, (1), 121-128 View citations (10)
20. METALLGESELLSCHAFT AND THE ECONOMICS OF SYNTHETIC STORAGE
    Journal of Applied Corporate Finance, 1995, 7, (4), 62-76 View citations (37)

1994

21. IS AMERICAN CORPORATE GOVERNANCE FATALLY FLAWED?
    Journal of Applied Corporate Finance, 1994, 6, (4), 32-39 View citations (6)
22. Mean Reversion of Standard & Poor's 500 Index Basis Changes: Arbitrage-Induced or Statistical Illusion?
    Journal of Finance, 1994, 49, (2), 479-513 View citations (109)
23. THE CASE FOR EXPENSING STOCK OPTIONS AGAINST EARNINGS
    Journal of Applied Corporate Finance, 1994, 7, (2), 88-90

1993

24. Are the Discounts on Closed-End Funds a Sentiment Index?
    Journal of Finance, 1993, 48, (2), 795-800 View citations (74)
25. Are the Discounts on Closed-End Funds a Sentiment Index? A Rejoinder
    Journal of Finance, 1993, 48, (2), 809-10 View citations (70)
26. THE NEW DISCLOSURES OF EXECUTIVE PAY
    Journal of Applied Corporate Finance, 1993, 5, (4), 62-75 View citations (2)
27. The Regulation of Financial Markets
    Hitotsubashi Journal of commerce and management, 1993, 28, (1), 1-14 View citations (1)

1992

28. FINANCIAL INNOVATION: ACHIEVEMENTS AND PROSPECTS
    Journal of Applied Corporate Finance, 1992, 4, (4), 4-11 View citations (31)

1991

29. INTERNATIONAL COMPETITIVENESS OF U.S. FUTURES EXCHANGES*
    Journal of Applied Corporate Finance, 1991, 3, (4), 6-19
30. TAX OBSTACLES TO VOLUNTARY CORPORATE RESTRUCTURING
    Journal of Applied Corporate Finance, 1991, 4, (3), 20-23 View citations (5)

1990

31. Margin Regulation and Stock Market Volatility
    Journal of Finance, 1990, 45, (1), 3-29 View citations (67)

1989

32. STOCK INDEX FUTURES AND THE CRASH OF '87
    Journal of Applied Corporate Finance, 1989, 1, (4), 6-17
33. The Modigliani‐Miller Propositions After Thirty Years
    Journal of Applied Corporate Finance, 1989, 2, (1), 6-18 View citations (4)
    Also in Journal of Economic Perspectives, 1988, 2, (4), 99-120 (1988) View citations (91)

1986

34. Behavioral Rationality in Finance: The Case of Dividends
    The Journal of Business, 1986, 59, (4), S451-68 View citations (7)
35. Economic costs and benefits of the proposed one—minute time bracketing regulation
    Journal of Futures Markets, 1986, 6, (1), 141-166 View citations (5)
36. Financial Innovation: The Last Twenty Years and the Next
    Journal of Financial and Quantitative Analysis, 1986, 21, (4), 459-471 View citations (141)

1985

37. A Test of the Hotelling Valuation Principle
    Journal of Political Economy, 1985, 93, (1), 1-25 View citations (71)
38. Dividend Policy under Asymmetric Information
    Journal of Finance, 1985, 40, (4), 1031-51 View citations (926)
39. The Pricing of Oil and Gas: Some Further Results
    Journal of Finance, 1985, 40, (3), 1009-18 View citations (29)

1982

40. Dividends and Taxes: Some Empirical Evidence
    Journal of Political Economy, 1982, 90, (6), 1118-41 View citations (164)

1978

41. An Approach to the Regulation of Bank Holding Companies
    The Journal of Business, 1978, 51, (3), 379-412 View citations (55)
42. Dividends and taxes
    Journal of Financial Economics, 1978, 6, (4), 333-364 View citations (159)
43. Prices for State-contingent Claims: Some Estimates and Applications
    The Journal of Business, 1978, 51, (4), 653-72 View citations (78)
44. The stochastic properties of velocity and the quantity theory of money
    Journal of Monetary Economics, 1978, 4, (2), 229-248 View citations (2)

1977

45. Debt and Taxes
    Journal of Finance, 1977, 32, (2), 261-75 View citations (855)

1976

46. Leasing, Buying, and the Cost of Capital Services
    Journal of Finance, 1976, 31, (3), 761-86 View citations (58)

1972

47. Money and Stock Prices: The Channels of Influence: Discussion
    Journal of Finance, 1972, 27, (2), 294-98

1969

48. A Comment on the Modigliani-Miller Cost of Capital Thesis: Reply
    American Economic Review, 1969, 59, (4), 592-95

1968

49. THE DEMAND FOR MONEY BY FIRMS: EXTENSIONS OF ANALYTIC RESULTS
    Journal of Finance, 1968, 23, (5), 735-759 View citations (15)

1966

50. A Model of the Demand for Money by Firms
    The Quarterly Journal of Economics, 1966, 80, (3), 413-435 View citations (364)

1963

51. DISCUSSION
    Journal of Finance, 1963, 18, (2), 311-318

1962

52. Dividend Policy and Market Valuation: A Reply
    The Journal of Business, 1962, 36, 116
53. Further Comment
    The Quarterly Journal of Economics, 1962, 76, (3), 480-488

1961

54. Dividend Policy, Growth, and the Valuation of Shares
    The Journal of Business, 1961, 34, 411 View citations (1238)

1960

55. The Carnegie Tech Management Game
    The Journal of Business, 1960, 33, 303 View citations (2)

1957

56. Part II — Analysis
    Naval Research Logistics Quarterly, 1957, 4, (3), 243-252

1956

57. A Model for the Optimal Programming of Railway Freight Train Movements
    Management Science, 1956, 3, (1), 74-92 View citations (2)

Books

1986

1. Macroeconomics
   University of Chicago Press Economics Books, University of Chicago Press View citations (28)

Chapters

1967

1. Estimates of the Cost of Capital Relevant for Investment Decisions Under Uncertainty
   A chapter in Determinants of Investment Behavior, 1967, pp 179-213 View citations (1)