Details about Raghuram G. Rajan
Access statistics for papers by Raghuram G. Rajan.
 Last updated 2025-04-28. Update your information in the RePEc Author Service.
 Short-id: pra149
 
 
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Working Papers
2025
- Debt and Assets
 NBER Working Papers, National Bureau of Economic Research, Inc  
 - The Long and Short of Financial Development
 NBER Working Papers, National Bureau of Economic Research, Inc  
 - When is Less More? Bank Arrangements for Liquidity vs Central Bank Support
 NBER Working Papers, National Bureau of Economic Research, Inc  
 
 
2023
- Cross-border Spillovers: How US Financial Conditions affect M&As Around the World
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (3)
 - Finance and Climate Resilience: Evidence from the long 1950s US Drought
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (1)
 - Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (21) 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)  
 - What Purpose Do Corporations Purport? Evidence from Letters to Shareholders
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (1) 
Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2022)   View citations (3)
 
 
2022
- Liquidity, Liquidity Everywhere, Not a Drop to Use – Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (14) 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)  
 - Sovereign Debt and Economic Growth when Government is Myopic and Self-interested
 NBER Working Papers, National Bureau of Economic Research, Inc   
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)   View citations (8) 
See also  Journal Article Sovereign debt and economic growth when government is myopic and self-interested, Journal of International Economics, Elsevier (2024)   (2024)  Chapter Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested, NBER Chapters, National Bureau of Economic Research, Inc (2023) (2023)
 
 
2021
- Liquidity, Pledgeability, and the Nature of Lending
 Working Papers, Becker Friedman Institute for Research In Economics   View citations (1) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021)   View citations (1) 
See also  Journal Article Liquidity, pledgeability, and the nature of lending, Journal of Financial Economics, Elsevier (2022)   View citations (7) (2022)
 
 
2020
- Kill Zone
 Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State   View citations (10) 
Also in Working Papers, Becker Friedman Institute for Research In Economics (2020)   View citations (1) NBER Working Papers, National Bureau of Economic Research, Inc (2020)   View citations (1) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)   View citations (1)
 - Secured Credit Spreads
 Working Papers, Becker Friedman Institute for Research In Economics   View citations (3)
 - The Decline of Secured Debt
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (23) 
See also  Journal Article The Decline of Secured Debt, Journal of Finance, American Finance Association (2024)   View citations (7) (2024)
 - The Secured Credit Premium and the Issuance of Secured Debt
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (1) 
See also  Journal Article The secured credit premium and the issuance of secured debt, Journal of Financial Economics, Elsevier (2022)   View citations (8) (2022)
 - When is Debt Odious? A Theory of Repression and Growth Traps
 Working Papers, Becker Friedman Institute for Research In Economics   View citations (6) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020)   View citations (6)
 
 
2019
- The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?
 NBER Working Papers, National Bureau of Economic Research, Inc   
See also  Journal Article The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?, The Review of Financial Studies, Society for Financial Studies (2022)   View citations (3) (2022)
 
 
2018
- Going the Extra Mile: Distant Lending and Credit Cycles
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (25) 
See also  Journal Article Going the Extra Mile: Distant Lending and Credit Cycles, Journal of Finance, American Finance Association (2022)   View citations (28) (2022)
 - Whither Bank Regulation: Current Debates and Challenges
 IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan   View citations (4)
 
 
2017
- Pledgeability, Industry Liquidity, and Financing Cycles
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (8) 
See also  Journal Article Pledgeability, Industry Liquidity, and Financing Cycles, Journal of Finance, American Finance Association (2020)   View citations (8) (2020)
 
 
2016
- Financial Reforms - Past and Present
 Working Papers, eSocialSciences  
 - India in the Global Economy
 Working Papers, eSocialSciences   View citations (3)
 - Policy and Evidence
 Working Papers, eSocialSciences   View citations (6)
 - Resolving Stress in the Banking System
 Working Papers, eSocialSciences   View citations (1)
 - Rules of the Monetary Game
 Working Papers, eSocialSciences   View citations (35)
 - The Fight against Inflation: A Measure of our Institutional Development
 Working Papers, eSocialSciences   View citations (4)
 - The Independence of the Central Bank
 Working Papers, eSocialSciences  
 - Towards Rules of the Monetary Game
 Working Papers, eSocialSciences   View citations (17)
 - Words Matter but so Does Intent
 Working Papers, eSocialSciences  
 
 
2015
- Democracy, Inclusion, and Prosperity
 Working Papers, eSocialSciences   View citations (1)
 - Strong Sustainable Growth for the Indian Economy
 Working Papers, eSocialSciences   View citations (1)
 - Tolerance and Respect for Economic Progress
 Working Papers, eSocialSciences  
 
 
2014
- Aid, Dutch Disease, and Manufacturing Growth
 Working Papers, eSocialSciences   View citations (2) 
Also in Working Papers, Center for Global Development (2009)   View citations (24) 
See also  Journal Article Aid, Dutch disease, and manufacturing growth, Journal of Development Economics, Elsevier (2011)   View citations (227) (2011)
 - Economic and Financial Outlook
 Working Papers, eSocialSciences   View citations (1)
 - Finance and Opportunity in India
 Working Papers, eSocialSciences  
 - Financial Fire Sales: Evidence from Bank Failures
 Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)   View citations (5)
 - What Undermines Aid’s Impact on Growth?
 Working Papers, eSocialSciences  
 
 
2012
- Banks and cross-border capital flows: challenges and regulatory responses
 LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library   View citations (19)
 - Constituencies and legislation: the fight over the McFadden Act of 1927
 Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)   
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011)   View citations (5) 
See also  Journal Article Constituencies and Legislation: The Fight Over the McFadden Act of 1927, Management Science, INFORMS (2016)   View citations (7) (2016)
 - The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (17) 
Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2012)   View citations (3) 
See also  Journal Article The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s, American Economic Review, American Economic Association (2015)   View citations (45) (2015)
 - The Corporation in Finance
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (56)
 
 
2011
- Failed States, Vicious Cycles, and a Proposal
 Working Papers, eSocialSciences  
 - Illiquid Banks, Financial Stability, and Interest Rate Policy
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (12) 
See also  Journal Article Illiquid Banks, Financial Stability, and Interest Rate Policy, Journal of Political Economy, University of Chicago Press (2012)   View citations (176) (2012)
 - Sovereign Debt, Government Myopia, and the Financial Sector
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (7) 
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)   View citations (6) 
See also  Journal Article Sovereign Debt, Government Myopia, and the Financial Sector, The Review of Financial Studies, Society for Financial Studies (2013)   View citations (72) (2013)
 - The Post-Washington Consensus: Development after the Crisis - Working Paper 244
 Working Papers, Center for Global Development  
 - Trade Credit Contracts
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (26) 
Also in Policy Research Working Paper Series, The World Bank (2011)   View citations (23) Policy Research Working Paper Series, The World Bank (2010)   View citations (3) 
See also  Journal Article Trade Credit Contracts, The Review of Financial Studies, Society for Financial Studies (2012)   View citations (156) (2012)
 
 
2009
- Fear of Fire Sales and the Credit Freeze
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (62)
 - Illiquidity and Interest Rate Policy
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (77)
 - Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (10) 
Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2009)   View citations (1) 
See also  Journal Article Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century, Journal of Finance, American Finance Association (2011)   View citations (72) (2011)
 - The Credit Crisis: Conjectures about Causes and Remedies
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (337) 
See also  Journal Article The Credit Crisis: Conjectures about Causes and Remedies, American Economic Review, American Economic Association (2009)   View citations (336) (2009)
 - The Internal Governance of Firms
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009)   
See also  Journal Article The Internal Governance of Firms, Journal of Finance, American Finance Association (2011) View citations (91) (2011)
 
 
2008
- A Pragmatic Approach to Capital Account Liberalization
 IZA Discussion Papers, Institute of Labor Economics (IZA)   View citations (159) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008)   View citations (164) 
See also  Journal Article A Pragmatic Approach to Capital Account Liberalization, Journal of Economic Perspectives, American Economic Association (2008)   View citations (168) (2008)
 - Draft Report of the Committee on financial Sector Reforms
 Working Papers, eSocialSciences   View citations (6)
 - Landed Interests and Financial Underdevelopment in the United States
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (8)
 
 
2007
- Foreign Capital and Economic Growth
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (392) 
Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2007)   View citations (391) 
See also  Journal Article Foreign Capital and Economic Growth, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2007)   View citations (389) (2007)
 
 
2006
- India's Pattern of Development: What Happened, What Follows?
 IMF Working Papers, International Monetary Fund   View citations (160) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006)   View citations (115) 
See also  Journal Article India's pattern of development: What happened, what follows?, Journal of Monetary Economics, Elsevier (2006)   View citations (147) (2006)
 - Modernizing China's Growth Paradigm
 IMF Policy Discussion Papers, International Monetary Fund   View citations (12) 
Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2006)   View citations (25) 
See also  Journal Article Modernizing China's Growth Paradigm, American Economic Review, American Economic Association (2006)   View citations (27) (2006)
 - Rent Preservation and the Persistence of Underdevelopment
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (17) 
See also  Journal Article Rent Preservation and the Persistence of Underdevelopment, American Economic Journal: Macroeconomics, American Economic Association (2009)   View citations (36) (2009)
 - Sexual Harassment and Air Force Act, 1950
 Working Papers, eSocialSciences  
 - Systematic Hierarchies and Systemic Failures: Gender and Health Inequities in Koppal District
 Working Papers, eSocialSciences  
 - The Law of the Law in an Age of Empire
 Working Papers, eSocialSciences  
 - The Persistence of Underdevelopment: Institutions, Human Capital or Constituencies
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   View citations (39) 
Also in Working Papers, eSocialSciences (2006)   View citations (12) Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2006)   View citations (1)
 
 
2005
- Aid and Growth: What Does The Cross-Country Evidence Really Show?
 Working Papers, eSocialSciences   View citations (188) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005)   View citations (206) IMF Working Papers, International Monetary Fund (2005)   View citations (210) 
See also  Journal Article Aid and Growth: What Does the Cross-Country Evidence Really Show?, The Review of Economics and Statistics, MIT Press (2008)   View citations (610) (2008)
 - Controlled Capital Account Liberalisation: A Proposal
 Working Papers, eSocialSciences   View citations (5) 
Also in IMF Policy Discussion Papers, International Monetary Fund (2005)   View citations (24)
 - Dollar Shortages and Crises
 MPRA Paper, University Library of Munich, Germany   View citations (25) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004)   View citations (8) 
See also  Journal Article Dollar Shortages and Crises, International Journal of Central Banking, International Journal of Central Banking (2005)   View citations (33) (2005)
 - Has Financial Development Made the World Riskier?
 Working Papers, eSocialSciences   View citations (726) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005)   View citations (752) 
See also  Journal Article Has financial development made the world riskier?, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2005)   View citations (356) (2005)
 - The Real Effect of Banking Crises
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   View citations (46) 
Also in IMF Working Papers, International Monetary Fund (2005)   View citations (37) 
See also  Journal Article The real effect of banking crises, Journal of Financial Intermediation, Elsevier (2008)   View citations (395) (2008)
 - What Undermines Aid's Impact on Growth?
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (145) 
Also in IMF Working Papers, International Monetary Fund (2005)   View citations (106)
 
 
2004
- Are Perks Purely Managerial Excess?
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (12) 
See also  Journal Article Are perks purely managerial excess?, Journal of Financial Economics, Elsevier (2006)   View citations (118) (2006)
 - Business Environment and Firm Entry: Evidence from International Data
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   View citations (100) 
Also in Policy Research Working Paper Series, The World Bank (2004)   View citations (100)
 - Entry Regulation as a Barrier to Entrepreneurship
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (82) 
See also  Journal Article Entry regulation as a barrier to entrepreneurship, Journal of Financial Economics, Elsevier (2006)   View citations (812) (2006)
 
 
2003
- Banks and Markets: The Changing Character of European Finance
 Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State   View citations (11) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003)   View citations (156) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003)   View citations (155)
 - Liquidity Shortages and Banking Crises
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (15) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002)   View citations (17) 
See also  Journal Article Liquidity Shortages and Banking Crises, Journal of Finance, American Finance Association (2005)   View citations (392) (2005)
 - Money in a Theory of Banking
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (8) 
See also  Journal Article Money in a Theory of Banking, American Economic Review, American Economic Association (2006)   View citations (164) (2006)
 - The Emergence of Strong Property Rights: Speculation from history
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (12)
 - The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (63) 
See also  Journal Article The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies, The Review of Economics and Statistics, MIT Press (2006)   View citations (238) (2006)
 
 
2002
- Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (74) 
Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002)   View citations (6) Proceedings, Federal Reserve Bank of Chicago (2002) View citations (21) 
See also  Journal Article Does function follow organizational form? Evidence from the lending practices of large and small banks, Journal of Financial Economics, Elsevier (2005)   View citations (1079) (2005)
 
 
2001
- The Great Reversals: The Politics of Financial Development in the 20th Century
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (168) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (2001)   View citations (69) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001)   View citations (87) OECD Economics Department Working Papers, OECD Publishing (2000)   View citations (33)
 - The Influence of the Financial Revolution on the Nature of Firms
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (55) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (2001)   View citations (55) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001)   View citations (55) 
See also  Journal Article The Influence of the Financial Revolution on the Nature of Firms, American Economic Review, American Economic Association (2001)   View citations (55) (2001)
 
 
2000
- Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (39) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (22) 
See also  Journal Article Banks, short-term debt and financial crises: theory, policy implications and applications, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001)   View citations (104) (2001)
 - Does Distance Still Matter? The Information Revolution in Small Business Lending
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (145) 
See also  Journal Article Does Distance Still Matter? The Information Revolution in Small Business Lending, Journal of Finance, American Finance Association (2002)   View citations (1049) (2002)
 - The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (28) 
See also  Journal Article The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms, The Quarterly Journal of Economics, President and Fellows of Harvard College (2001)   View citations (247) (2001)
 - The Governance of the New Enterprise
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (113) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (1998)   View citations (25)
 
 
1999
- A Theory of Bank Capital
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (18) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (150) 
See also  Journal Article A Theory of Bank Capital, Journal of Finance, American Finance Association (2000)   View citations (708) (2000)
 - Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (58) 
Also in Proceedings, Federal Reserve Bank of Chicago (1998) View citations (4) 
See also  Journal Article Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking, Journal of Finance, American Finance Association (2002)   View citations (649) (2002)
 - Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (42) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2) 
See also  Journal Article Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking, Journal of Political Economy, University of Chicago Press (2001)   View citations (911) (2001)
 - The Tyranny of Inequality
 CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago   View citations (5) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995)   View citations (3) 
See also  Journal Article The tyranny of inequality, Journal of Public Economics, Elsevier (2000)   View citations (50) (2000)
 - What Determines Firm Size?
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (166) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago   View citations (62) CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999)   View citations (182)
 
 
1998
- Power in a Theory of the Firm
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   View citations (484) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2) NBER Working Papers, National Bureau of Economic Research, Inc (1997)   View citations (5) 
See also  Journal Article Power in a Theory of the Firm, The Quarterly Journal of Economics, President and Fellows of Harvard College (1998)   View citations (490) (1998)
 - The Cost of Diversity: The Diversification Discount and Inefficient Investment
 CEPR Discussion Papers, C.E.P.R. Discussion Papers   View citations (80) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998)   View citations (26) CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (147) CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (147) 
See also  Journal Article The Cost of Diversity: The Diversification Discount and Inefficient Investment, Journal of Finance, American Finance Association (2000)   View citations (644) (2000)
 - The Paradox of Liquidity
 CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (401) 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995)   View citations (10) 
See also  Journal Article The Paradox of Liquidity, The Quarterly Journal of Economics, President and Fellows of Harvard College (1998)   View citations (417) (1998)
 - Which Capitalism? Lessons from the East Asian Crisis
 CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago   View citations (223) 
See also  Journal Article WHICH CAPITALISM? LESSONS FORM THE EAST ASIAN CRISIS, Journal of Applied Corporate Finance, Morgan Stanley (1998)   View citations (50) (1998)
 
 
1997
- The Eclipse of the U.S. Tire Industry
 Working Papers, U.S. Census Bureau, Center for Economic Studies   
See also  Chapter The Eclipse of the U.S. Tire Industry, NBER Chapters, National Bureau of Economic Research, Inc (2000)   View citations (2) (2000)
 
 
1996
- Financial Dependence and Growth
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (84) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (78) 
See also  Journal Article Financial Dependence and Growth, American Economic Review, American Economic Association (1998)   View citations (3701) (1998)
 - Trade Credit: Theories and Evidence
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (18) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2) 
See also  Journal Article Trade Credit: Theories and Evidence, The Review of Financial Studies, Society for Financial Studies (1997) View citations (935) (1997)
 - Why Banks Have a Future: An Economic Rationale
 Working Papers, Banca Italia - Servizio di Studi View citations (4)
 
 
1995
- Firewalls in universal banks
 Proceedings, Federal Reserve Bank of Chicago
 - Liquidity and the rise of financial intermediation
 Proceedings, Federal Reserve Bank of Chicago
 - Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (4) 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (12) 
See also  Journal Article Organization structure and credibility: Evidence from commercial bank securities activities before the Glass-Steagall Act, Journal of Monetary Economics, Elsevier (1997)   View citations (71) (1997)
 
 
1994
- The Effect of Credit Market Competition on Lending Relationships
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (68) 
See also  Journal Article The Effect of Credit Market Competition on Lending Relationships, The Quarterly Journal of Economics, President and Fellows of Harvard College (1995)   View citations (1498) (1995)
 - The Role of Firewalls in Universal Banks: Evidence from Commercial Bank Securities Activities before the Glass-Steagall Act
 Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State  
 - What Do We Know About Capital Structure? Some Evidence from International Data
 NBER Working Papers, National Bureau of Economic Research, Inc   View citations (14) 
See also  Journal Article What Do We Know about Capital Structure? Some Evidence from International Data, Journal of Finance, American Finance Association (1995)   View citations (2433) (1995)
 
 
1992
- Some evidence on the separation of commercial and investment banking
 Proceedings, Federal Reserve Bank of Chicago
 
 
1988
- Pricing commodity bonds using binomial option pricing
 Policy Research Working Paper Series, The World Bank   View citations (3)
 
 
Undated
- The Past and Future of Commercial Banking Viewed Through an Incomplete Contract Lens
 CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago 
Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2) 
See also  Journal Article The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (56) (1998)
 
 
Journal Articles
2024
- Reprint of “Sovereign debt and economic growth when government is myopic and self-interested”
 Journal of International Economics, 2024, 149, (C)  
 - Sovereign debt and economic growth when government is myopic and self-interested
 Journal of International Economics, 2024, 150, (C)   
See also  Chapter Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested, NBER Chapters, 2023 (2023) (2023)  Working Paper Sovereign Debt and Economic Growth when Government is Myopic and Self-interested, NBER Working Papers (2022)   (2022)
 - The Decline of Secured Debt
 Journal of Finance, 2024, 79, (1), 35-93   View citations (7) 
See also  Working Paper The Decline of Secured Debt, NBER Working Papers (2020)   View citations (23) (2020)
 
 
2022
- Central banking and political pressure
 Journal of Policy Modeling, 2022, 44, (4), 790-803   View citations (2)
 - Going the Extra Mile: Distant Lending and Credit Cycles
 Journal of Finance, 2022, 77, (2), 1259-1324   View citations (28) 
See also  Working Paper Going the Extra Mile: Distant Lending and Credit Cycles, NBER Working Papers (2018)   View citations (25) (2018)
 - Liquidity, pledgeability, and the nature of lending
 Journal of Financial Economics, 2022, 143, (3), 1275-1294   View citations (7) 
See also  Working Paper Liquidity, Pledgeability, and the Nature of Lending, Working Papers (2021)   View citations (1) (2021)
 - The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?
 The Review of Financial Studies, 2022, 35, (7), 3418-3466   View citations (3) 
See also  Working Paper The Relationship Dilemma: Why Do Banks Differ in the Pace at Which They Adopt New Technology?, NBER Working Papers (2019)   (2019)
 - The secured credit premium and the issuance of secured debt
 Journal of Financial Economics, 2022, 146, (1), 143-171   View citations (8) 
See also  Working Paper The Secured Credit Premium and the Issuance of Secured Debt, NBER Working Papers (2020)   View citations (1) (2020)
 
 
2021
- Communities, the state, and markets: the case for inclusive localism
 (When Work Disappears: Manufacturing Decline and the Falling Marriage-market Value of Young Men)
 Oxford Review of Economic Policy, 2021, 37, (4), 811-823  
 - Dealing with corporate distress, repair, and reallocation
 Journal of Policy Modeling, 2021, 43, (4), 739-748   View citations (2)
 
 
2020
- Pledgeability, Industry Liquidity, and Financing Cycles
 Journal of Finance, 2020, 75, (1), 419-461   View citations (8) 
See also  Working Paper Pledgeability, Industry Liquidity, and Financing Cycles, NBER Working Papers (2017)   View citations (8) (2017)
 - The Spillovers from Easy Liquidity and the Implications for Multilateralism
 IMF Economic Review, 2020, 68, (1), 4-34   View citations (5)
 
 
2018
- The Mayekawa Lecture: Whither Bank Regulation; Current Debates and Challenges
 Monetary and Economic Studies, 2018, 36, 21-34   View citations (2)
 
 
2017
- Banking and the Evolving Objectives of Bank Regulation
 Journal of Political Economy, 2017, 125, (6), 1812 - 1825   View citations (2)
 - Unconventional monetary policy and the role of central banks
 Business Economics, 2017, 52, (4), 189-193  
 
 
2016
- Constituencies and Legislation: The Fight Over the McFadden Act of 1927
 Management Science, 2016, 62, (7), 1843-1859   View citations (7) 
See also  Working Paper Constituencies and legislation: the fight over the McFadden Act of 1927, Finance and Economics Discussion Series (2012)   (2012)
 - Crises and the Development of Economic Institutions: Some Microeconomic Evidence
 American Economic Review, 2016, 106, (5), 524-27   View citations (4)
 - Local financial capacity and asset values: Evidence from bank failures
 Journal of Financial Economics, 2016, 120, (2), 229-251   View citations (8)
 
 
2015
- Competitive monetary easing: is it yesterday once more?
 Macroeconomics and Finance in Emerging Market Economies, 2015, 8, (1-2), 5-16   View citations (43)
 - The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s
 American Economic Review, 2015, 105, (4), 1439-77   View citations (45) 
See also  Working Paper The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s, NBER Working Papers (2012)   View citations (17) (2012)
 
 
2013
- Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
 Journal of Applied Corporate Finance, 2013, 25, (4), 37-40   View citations (6)
 - Sovereign Debt, Government Myopia, and the Financial Sector
 The Review of Financial Studies, 2013, 26, (6), 1526-1560   View citations (72) 
See also  Working Paper Sovereign Debt, Government Myopia, and the Financial Sector, NBER Working Papers (2011)   View citations (7) (2011)
 - The Credit Crisis and Cycle-Proof Regulation
 Review, 2013, (Nov), 461-467   View citations (1) 
Also in Review, 2009, 91, (Sep), 397-402 (2009)   View citations (11)
 
 
2012
- Illiquid Banks, Financial Stability, and Interest Rate Policy
 Journal of Political Economy, 2012, 120, (3), 552 - 591   View citations (176) 
See also  Working Paper Illiquid Banks, Financial Stability, and Interest Rate Policy, NBER Working Papers (2011)   View citations (12) (2011)
 - Presidential Address: The Corporation in Finance
 Journal of Finance, 2012, 67, (4), 1173-1217   View citations (63)
 - Trade Credit Contracts
 The Review of Financial Studies, 2012, 25, (3), 838-867   View citations (156) 
See also  Working Paper Trade Credit Contracts, NBER Working Papers (2011)   View citations (26) (2011)
 
 
2011
- Aid, Dutch disease, and manufacturing growth
 Journal of Development Economics, 2011, 94, (1), 106-118   View citations (227) 
See also  Working Paper Aid, Dutch Disease, and Manufacturing Growth, Working Papers (2014)   View citations (2) (2014)
 - Can soft power help the IMF make the world more stable?
 Review of World Economics (Weltwirtschaftliches Archiv), 2011, 147, (1), 1-10  
 - Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes
 The Quarterly Journal of Economics, 2011, 126, (2), 557-591   View citations (318)
 - Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century
 Journal of Finance, 2011, 66, (6), 1895-1931   View citations (72) 
See also  Working Paper Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century, NBER Working Papers (2009)   View citations (10) (2009)
 - The Internal Governance of Firms
 Journal of Finance, 2011, 66, (3), 689-720 View citations (91) 
See also  Working Paper The Internal Governance of Firms, CEPR Discussion Papers (2009)   (2009)
 
 
2010
- The Financial Crisis and the Death (or Hegemony) of Development Economics
 The Journal of Economic Education, 2010, 41, (4), 398-402   View citations (1)
 - The Squam Lake Report: Fixing the Financial System
 Journal of Applied Corporate Finance, 2010, 22, (3), 8-21   View citations (121) 
See also  Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (111) (2010)
 
 
2009
- La crisis de crédito: conjeturas sobre las causas y soluciones
 Boletín, 2009, LV, (3), 154-159  
 - Rent Preservation and the Persistence of Underdevelopment
 American Economic Journal: Macroeconomics, 2009, 1, (1), 178-218   View citations (36) 
See also  Working Paper Rent Preservation and the Persistence of Underdevelopment, NBER Working Papers (2006)   View citations (17) (2006)
 - The Credit Crisis: Conjectures about Causes and Remedies
 American Economic Review, 2009, 99, (2), 606-10   View citations (336) 
See also  Working Paper The Credit Crisis: Conjectures about Causes and Remedies, NBER Working Papers (2009)   View citations (337) (2009)
 
 
2008
- A Pragmatic Approach to Capital Account Liberalization
 Journal of Economic Perspectives, 2008, 22, (3), 149-72   View citations (168) 
See also  Working Paper A Pragmatic Approach to Capital Account Liberalization, IZA Discussion Papers (2008)   View citations (159) (2008)
 - Aid and Growth: What Does the Cross-Country Evidence Really Show?
 The Review of Economics and Statistics, 2008, 90, (4), 643-665   View citations (610) 
See also  Working Paper Aid and Growth: What Does The Cross-Country Evidence Really Show?, Working Papers (2005)   View citations (188) (2005)
 - Global Imbalances or why are the Poor Financing the Rich?
 De Economist, 2008, 156, (1), 3-24   View citations (1)
 - Rethinking capital regulation
 Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 431-471   View citations (131)
 - The Contributions of Stewart Myers to the Theory and Practice of Corporate Finance*
 Journal of Applied Corporate Finance, 2008, 20, (4), 8-19   View citations (6)
 - The Future of the IMF and the World Bank
 American Economic Review, 2008, 98, (2), 110-15   View citations (17)
 - The real effect of banking crises
 Journal of Financial Intermediation, 2008, 17, (1), 89-112   View citations (395) 
See also  Working Paper The Real Effect of Banking Crises, CEPR Discussion Papers (2005)   View citations (46) (2005)
 
 
2007
- Does Aid Affect Governance?
 American Economic Review, 2007, 97, (2), 322-327   View citations (104)
 - Financial conditions, alternative asset management and political risks: trying to make sense of our times
 Financial Stability Review, 2007, (10), 137-142  
 - Foreign Capital and Economic Growth
 Brookings Papers on Economic Activity, 2007, 38, (1), 153-230   View citations (389) 
See also  Working Paper Foreign Capital and Economic Growth, NBER Working Papers (2007)   View citations (392) (2007)
 
 
2006
- Are perks purely managerial excess?
 Journal of Financial Economics, 2006, 79, (1), 1-33   View citations (118) 
See also  Working Paper Are Perks Purely Managerial Excess?, NBER Working Papers (2004)   View citations (12) (2004)
 - Entry regulation as a barrier to entrepreneurship
 Journal of Financial Economics, 2006, 82, (3), 591-629   View citations (812) 
See also  Working Paper Entry Regulation as a Barrier to Entrepreneurship, NBER Working Papers (2004)   View citations (82) (2004)
 - Global Imbalances and Financial Reform with Examples from China
 Cato Journal, 2006, 26, (2), 267-273   View citations (2)
 - Has Finance Made the World Riskier?
 European Financial Management, 2006, 12, (4), 499-533   View citations (482)
 - India's pattern of development: What happened, what follows?
 Journal of Monetary Economics, 2006, 53, (5), 981-1019   View citations (147) 
See also  Working Paper India's Pattern of Development: What Happened, What Follows?, IMF Working Papers (2006)   View citations (160) (2006)
 - India: The Past and Its Future
 Asian Development Review (ADR), 2006, 23, (02), 36-52   
Also in Asian Development Review, 2006, 23-2, (2), 36-52 (2006) View citations (4)
 - Making Capitalism Work for Everyone
 World Economics, 2006, 7, (1), 1-10   View citations (1)
 - Modernizing China's Growth Paradigm
 American Economic Review, 2006, 96, (2), 331-336   View citations (27) 
See also  Working Paper Modernizing China's Growth Paradigm, IMF Policy Discussion Papers (2006)   View citations (12) (2006)
 - Money in a Theory of Banking
 American Economic Review, 2006, 96, (1), 30-53   View citations (164) 
See also  Working Paper Money in a Theory of Banking, NBER Working Papers (2003)   View citations (8) (2003)
 - NBER Conference on corporate alliances
 Journal of Financial Economics, 2006, 80, (1), 1-3   View citations (7) 
See also  Chapter NBER Conference on Corporate Alliances, NBER Chapters, 2002 (2002) (2002)
 - Patterns of international capital flows and their implications for economic development
 Proceedings - Economic Policy Symposium - Jackson Hole, 2006, 119-158   View citations (35)
 - Salvare il capitalismo dai capitalisti (recensione di Gianpaolo Abatecola)
 ECONOMIA E DIRITTO DEL TERZIARIO, 2006, 2006/3, (3), 772-776  
 - The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
 The Review of Economics and Statistics, 2006, 88, (4), 759-773   View citations (238) 
See also  Working Paper The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies, NBER Working Papers (2003)   View citations (63) (2003)
 - Two British Initiatives for IMF Lending to its Members, 1960–1962
 World Economics, 2006, 7, (1), 11-19  
 
 
2005
- Does function follow organizational form? Evidence from the lending practices of large and small banks
 Journal of Financial Economics, 2005, 76, (2), 237-269   View citations (1079) 
See also  Working Paper Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks, NBER Working Papers (2002)   View citations (74) (2002)
 - Dollar Shortages and Crises
 International Journal of Central Banking, 2005, 1, (2)   View citations (33) 
See also  Working Paper Dollar Shortages and Crises, MPRA Paper (2005)   View citations (25) (2005)
 - Has financial development made the world riskier?
 Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 313-369   View citations (356) 
See also  Working Paper Has Financial Development Made the World Riskier?, Working Papers (2005)   View citations (726) (2005)
 - Institutional Reform and Sovereign Debt Crises
 Cato Journal, 2005, 25, (1), 17-24   View citations (2)
 - Liquidity Shortages and Banking Crises
 Journal of Finance, 2005, 60, (2), 615-647   View citations (392) 
See also  Working Paper Liquidity Shortages and Banking Crises, NBER Working Papers (2003)   View citations (15) (2003)
 
 
2003
- Can the tide turn?
 Proceedings, 2003, (Oct), 239-248  
 - Commentary on Life-cycle dynamics in industrial sectors: the role of banking market structure
 Review, 2003, 85, (Jul), 149-150  
 - Fischer Black Prize for 2003
 Journal of Finance, 2003, 58, (2), v-vii  
 - The great reversals: the politics of financial development in the twentieth century
 Journal of Financial Economics, 2003, 69, (1), 5-50   View citations (1554)
 
 
2002
- An Investigation into the Economics of Extending Bank Powers
 Journal of Emerging Market Finance, 2002, 1, (2), 125-156   View citations (13)
 - Bank Bailouts and Aggregate Liquidity
 American Economic Review, 2002, 92, (2), 38-41   View citations (37)
 - Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking
 Journal of Finance, 2002, 57, (1), 33-73   View citations (649) 
See also  Working Paper Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking, NBER Working Papers (1999)   View citations (58) (1999)
 - Does Distance Still Matter? The Information Revolution in Small Business Lending
 Journal of Finance, 2002, 57, (6), 2533-2570   View citations (1049) 
See also  Working Paper Does Distance Still Matter? The Information Revolution in Small Business Lending, NBER Working Papers (2000)   View citations (145) (2000)
 
 
2001
- Banks and Liquidity
 American Economic Review, 2001, 91, (2), 422-425   View citations (69)
 - Banks, short-term debt and financial crises: theory, policy implications and applications
 Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 37-71   View citations (104) 
See also  Working Paper Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications, NBER Working Papers (2000)   View citations (39) (2000)
 - Financial Systems, Industrial Structure, and Growth
 Oxford Review of Economic Policy, 2001, 17, (4), 467-482 View citations (145)
 - Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking
 Journal of Political Economy, 2001, 109, (2), 287-327   View citations (911) 
See also  Working Paper Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking, NBER Working Papers (1999)   View citations (42) (1999)
 - The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms
 The Quarterly Journal of Economics, 2001, 116, (3), 805-851   View citations (247) 
See also  Working Paper The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms, NBER Working Papers (2000)   View citations (28) (2000)
 - The Influence of the Financial Revolution on the Nature of Firms
 American Economic Review, 2001, 91, (2), 206-211   View citations (55) 
See also  Working Paper The Influence of the Financial Revolution on the Nature of Firms, NBER Working Papers (2001)   View citations (55) (2001)
 
 
2000
- A Theory of Bank Capital
 Journal of Finance, 2000, 55, (6), 2431-2465   View citations (708) 
See also  Working Paper A Theory of Bank Capital, NBER Working Papers (1999)   View citations (18) (1999)
 - The Cost of Diversity: The Diversification Discount and Inefficient Investment
 Journal of Finance, 2000, 55, (1), 35-80   View citations (644) 
See also  Working Paper The Cost of Diversity: The Diversification Discount and Inefficient Investment, CEPR Discussion Papers (1998)   View citations (80) (1998)
 - The tyranny of inequality
 Journal of Public Economics, 2000, 76, (3), 521-558   View citations (50) 
See also  Working Paper The Tyranny of Inequality, CRSP working papers (1999)   View citations (5) (1999)
 
 
1998
- DEBT, FOLKLORE, AND CROSS‐COUNTRY DIFFERENCES IN FINANCIAL STRUCTURE
 Journal of Applied Corporate Finance, 1998, 10, (4), 102-107   View citations (9)
 - Financial Dependence and Growth
 American Economic Review, 1998, 88, (3), 559-86   View citations (3701) 
See also  Working Paper Financial Dependence and Growth, NBER Working Papers (1996)   View citations (84) (1996)
 - Power in a Theory of the Firm
 The Quarterly Journal of Economics, 1998, 113, (2), 387-432   View citations (490) 
See also  Working Paper Power in a Theory of the Firm, CEPR Discussion Papers (1998)   View citations (484) (1998)
 - The Paradox of Liquidity
 The Quarterly Journal of Economics, 1998, 113, (3), 733-771   View citations (417) 
See also  Working Paper The Paradox of Liquidity, CRSP working papers (1998) View citations (401) (1998)
 - The Past and Future of Commercial Banking Viewed through an Incomplete Contract Lens
 Journal of Money, Credit and Banking, 1998, 30, (3), 524-50 View citations (56) 
Also in Proceedings, 1998, (Aug), 524-550 (1998) View citations (53) 
See also  Working Paper The Past and Future of Commercial Banking Viewed Through an Incomplete Contract Lens, CRSP working papers
 - WHICH CAPITALISM? LESSONS FORM THE EAST ASIAN CRISIS
 Journal of Applied Corporate Finance, 1998, 11, (3), 40-48   View citations (50) 
See also  Working Paper Which Capitalism? Lessons from the East Asian Crisis, CRSP working papers (1998)   View citations (223) (1998)
 
 
1997
- Analyst Following of Initial Public Offerings
 Journal of Finance, 1997, 52, (2), 507-29   View citations (205)
 - Organization structure and credibility: Evidence from commercial bank securities activities before the Glass-Steagall Act
 Journal of Monetary Economics, 1997, 39, (3), 475-516   View citations (71) 
See also  Working Paper Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities Before the Glass-Steagall Act, NBER Working Papers (1995)   View citations (4) (1995)
 - Trade Credit: Theories and Evidence
 The Review of Financial Studies, 1997, 10, (3), 661-91 View citations (935) 
See also  Working Paper Trade Credit: Theories and Evidence, NBER Working Papers (1996)   View citations (18) (1996)
 
 
1996
- Comment on Interbank Lending and System Risk
 Journal of Money, Credit and Banking, 1996, 28, (4), 763-65   View citations (4)
 - WHY BANKS HAVE A FUTURE: TOWARD A NEW THEORY OF COMMERCIAL BANKING
 Journal of Applied Corporate Finance, 1996, 9, (2), 114-128   View citations (13)
 
 
1995
- Covenants and Collateral as Incentives to Monitor
 Journal of Finance, 1995, 50, (4), 1113-46   View citations (478)
 - The Effect of Credit Market Competition on Lending Relationships
 The Quarterly Journal of Economics, 1995, 110, (2), 407-443   View citations (1498) 
See also  Working Paper The Effect of Credit Market Competition on Lending Relationships, NBER Working Papers (1994)   View citations (68) (1994)
 - What Do We Know about Capital Structure? Some Evidence from International Data
 Journal of Finance, 1995, 50, (5), 1421-60   View citations (2433) 
See also  Working Paper What Do We Know About Capital Structure? Some Evidence from International Data, NBER Working Papers (1994)   View citations (14) (1994)
 
 
1994
- Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking before 1933
 American Economic Review, 1994, 84, (4), 810-32   View citations (201)
 - The Benefits of Lending Relationships: Evidence from Small Business Data
 Journal of Finance, 1994, 49, (1), 3-37   View citations (2472)
 - Why Bank Credit Policies Fluctuate: A Theory and Some Evidence
 The Quarterly Journal of Economics, 1994, 109, (2), 399-441   View citations (478)
 
 
1992
- Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt
 Journal of Finance, 1992, 47, (4), 1367-400   View citations (1799)
 
 
Books
2016
- Fault Lines: How Hidden Fractures Still Threaten the World Economy: With a new afterword by the author
 Economics Books, Princeton University Press View citations (1)
 
 
2012
- Market Institutions and Financial Market Risk
 NBER Books, National Bureau of Economic Research, Inc View citations (3)
 
 
2010
- Fault Lines: How Hidden Fractures Still Threaten the World Economy
 Economics Books, Princeton University Press View citations (628)
 - The Squam Lake Report: Fixing the Financial System
 Economics Books, Princeton University Press View citations (111) 
See also  Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010)   View citations (121) (2010)
 
 
2009
- A New Bretton Woods?
 World Bank Publications - Books, The World Bank Group  
 
 
2006
- Corporate Alliances
 NBER Books, National Bureau of Economic Research, Inc View citations (3)
 - Financial globalisation
 BIS Papers, Bank for International Settlements  
 
 
Chapters
2023
- Sovereign Debt and Economic Growth When Government Is Myopic and Self-Interested
 A chapter in NBER International Seminar on Macroeconomics 2023, 2023 
See also  Working Paper Sovereign Debt and Economic Growth when Government is Myopic and Self-interested, National Bureau of Economic Research, Inc (2022)   (2022)  Journal Article Sovereign debt and economic growth when government is myopic and self-interested, Elsevier (2024)   (2024)
 
 
2017
- Comment on "Credit Market Freezes"
 A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 537-542
 
 
2016
- Introduction
 A chapter in Fault Lines: How Hidden Fractures Still Threaten the World Economy: With a new afterword by the author, 2016  
 
 
2010
- Introduction
 A chapter in The Squam Lake Report: Fixing the Financial System, 2010  
 - Introduction
 A chapter in Fault Lines: How Hidden Fractures Still Threaten the World Economy, 2010  
 - Market Institutions, Financial Market Risks, and the Financial Crisis
 A chapter in Market Institutions and Financial Market Risk, 2010 View citations (39)
 
 
2007
- Benign Financial Conditions, Asset Management, and Political Risks: Trying to Make Sense of Our Times
 Chapter 3 in International Financial Instability Global Banking and National Regulation, 2007, pp 19-28  
 
 
2002
- NBER Conference on Corporate Alliances
 A chapter in Corporate Alliances, 2002 
See also  Journal Article NBER Conference on corporate alliances, Elsevier (2006)   View citations (7) (2006)
 
 
2000
- The Eclipse of the U.S. Tire Industry
 A chapter in Mergers and Productivity, 2000, pp 51-92   View citations (2) 
See also  Working Paper The Eclipse of the U.S. Tire Industry, U.S. Census Bureau, Center for Economic Studies (1997)   (1997)
 
 
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