Journal of Financial Intermediation

1990 - 2025

Current editor(s): Elu von Thadden

From Elsevier
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Banks, Payments, and Coordination pp. 305-327: James McAndrews and William Roberds
Proprietary Information, Financial Intermediation, and Research Incentives pp. 328-357: Sudipto Bhattacharya and Gabriella Chiesa
Convertible Debt as Delayed Equity: Forced versus Voluntary Conversion and the Information Role of Call Policy pp. 358-395: Kjell Nyborg
If History Could Be Rerun: The Provision and Pricing of Deposit Insurance in 1933 pp. 396-413: Saunders Anthony and Wilson Berry

The Simple Analytics of Observed Discrimination in Credit Markets pp. 189-212: Calem Paul and Michael Stutzer
An Integrated Model of Market and Limit Orders pp. 213-241: Sugato Chakravarty and Holden Craig W.
The Aggregate Cost of Deposit Insurance: A Multiperiod Analysis pp. 242-271: Cooperstein Richard L., George Pennacchi and Redburn F. Stevens
Bank Loan Commitments and Corporate Leverage pp. 272-301: Shockley Richard L.

The Incentive to Sell Financial Market Information pp. 95-115: Fishman M. J. and Hagerty K. M.
Short-Horizon Return Reversals and the Bid-Ask Spread pp. 116-132: Jegadeesh N. and Sheridan Titman
Advantages to Competing with Yourself: Why an Exchange Might Design Futures Contracts with Correlated Payoffs pp. 133-157: Tashjian Elizabeth and Weissman Maayana
Delegated Monitoring and Bank Structure in a Finite Economy pp. 158-187: Winton Andrew

Information Disclosure Costs and the Choice of Financing Source pp. 3-20: Yosha Oved
Adverse Selection Costs and the Firm's Financing and Insurance Decisions pp. 21-47: Rebello Michael J.
Indivisible Assets, Equilibrium, and the Value of Intermediation pp. 48-76: Thomas Cooley and Bruce Smith
Dual Trading: Winners, Losers, and Market Impact pp. 77-93: Asani Sarkar

Public versus Private Borrowing: A Theory with Implications for Bankruptcy Reform pp. 327-354: Enrica Detragiache
Information Revelation, Lock-In, and Bank Loan Commitments pp. 355-378: Houston Joel F. and Venkataraman S.
The Dynamics of Competitive Insurance Markets pp. 379-415: Ralph Winter
Borrower Mobility, Adverse Selection, and Mortgage Points pp. 416-441: Jan Brueckner

Money and Credit with Asymmetric Information pp. 213-244: Richard Smith
Inflationary Policy and Welfare with Limited Credit Markets pp. 245-271: Peter Ireland
A Positive Analysis of Bank Closure pp. 272-299: George Mailath and Loretta Mester
Market Structures and Liquidity: A Transactions Data Study of Exchange Listings pp. 300-326: William Christie and Huang Roger D.

Financing Losers in Competitive Markets pp. 139-165: Andrew Abel and George Mailath
Electronic Screen Trading and the Transmission of Information: An Empirical Examination pp. 166-187: Grunbichler Andreas, Francis Longstaff and Schwartz Eduardo S.
Asymmetric Information: A Rationale for Corporate Speculation pp. 188-203: Lars Ljungqvist
On the Equivalence of Noise Trader and Hedger Models in Market Microstructure pp. 204-212: Asani Sarkar

Contemporary Banking Theory pp. 2-50: Sudipto Bhattacharya and Anjan Thakor
Real Bills Revisited: Market Value Accounting and Loan Maturity pp. 51-76: O'Hara Maureen
Borrowing Constraints, Household Debt, and Racial Discrimination in Loan Markets pp. 77-103: John Duca and Stuart Rosenthal
The Failure of Drexel Burnham Lambert: Evidence on the Implications for Commercial Banks pp. 104-137: Benveniste Lawrence M., Singh Manoj and William J. Wilhelm

Adverse selection, contract design, and investment distortion pp. 347-375: Thomas Noe and Michael J. Rebello
Optimal capital structure for a hierarchical firm pp. 376-400: Gerald Garvey and Peter Swan
Borrower mobility, self-selection, and the relative prices of fixed- and adjustable-rate mortgages pp. 401-421: Jan Brueckner
Security brokerage markets under price uncertainty pp. 422-448: Chunchi Wu and Peter F. Colwell

Debt and warrants: Agency problems and mechanism design pp. 237-254: Gabriella Chiesa
An incentive-based theory of bank regulation pp. 255-276: Tim S. Campbell, Yuk-Shee Chan and Anthony Marino
Dutch auction versus fixed-price self-tender offers for common stock pp. 277-307: Sreenivas Kamma, George Kanatas and Steven Raymar
Risk, managerial effort, and project choice pp. 308-345: David Hirshleifer and Yoon Suh

Debt covenants and renegotiation pp. 95-133: Mitchell Berlin and Loretta Mester
Laissez-faire banking and circulating media of exchange pp. 134-167: Stephen Williamson
Anonymity in securities markets pp. 168-206: Margaret M. Forster and Thomas J. George
Intertemporal price discovery by market makers: Active versus passive learning pp. 207-235: J. Chris Leach and Ananth Madhavan

Editorial pp. iii-iii: Stuart I. Greenbaum
Financial contracts as lasting commitments: The case of a leveraged oligopoly pp. 2-32: Paolo Fulghieri and Sabitha Nagarajan
Marketmakers versus matchmakers pp. 33-58: Abdullah Yavas
Costly liquidation, interbank trade, bank runs and panics pp. 59-82: R. Glen Donaldson
Economies of scale and scope in French mutual funds pp. 83-93: Jean Dermine and Lars-Hendrik Roller

Acknowledgment pp. 281-282: Stuart I. Greenbaum
Optimal risk sharing through renegotiation of simple contracts pp. 283-306: Douglas Gale
Investment and financial asset accumulation pp. 307-334: Toni Whited
The pricing of retail deposits: Concentration and information pp. 335-361: Linda Allen, Anthony Saunders and Gregory Udell
Intermediation and the market for interest rate swaps pp. 362-384: Tim S. Campbell and William A. Kracaw

Expectations of security type and the information content of debt and equity offers pp. 195-214: Mark Bayless and Susan Chaplinsky
The adequacy of life insurance purchases pp. 215-241: Alan Auerbach and Laurence Kotlikoff
The macroeconomic effects of bank runs: An equilibrium analysis pp. 242-256: Michael Loewy
Agency costs among savings and loans pp. 257-278: Loretta Mester

Dual-capacity trading and the quality of the market pp. 105-124: Ailsa Roell
Adverse selection and mutuality: The case of the farm credit system pp. 125-149: Bruce Smith and Michael Stutzer
The delivery of market timing services: Newsletters versus market timing funds pp. 150-166: Alex Kane and Stephen G. Marks
The mechanics of automated trade execution systems pp. 167-194: Ian Domowitz

Foreword pp. 1-2: Stuart I. Greenbaum
The market for information and the origin of financial intermediation pp. 3-30: Franklin Allen
Incentive compatible financial contracts, asset prices, and the value of control pp. 31-56: Jeffrey Lacker, Robert J. Levy and John Weinberg
Managerial incentives in an entrepreneurial stock market model pp. 57-79: Richard E. Kihlstrom and Steven Matthews
Liquidity without money: A General equilibrium model of market microstructure pp. 80-103: James Peck