Winner, 2012 Frisch Medal in Econometrics. This paper uses a structural model to understand, predict, and evaluate the impact of...
Papers
We invite you to explore the papers supported directly by CFSP as well as key papers in the field of financial systems and poverty that were written by Consortium researchers.
Recent Papers
The Journal of Finance
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55
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6
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2431-2465
|
2000
Banks can create liquidity precisely because deposits are fragile and prone to runs. Increased... |
Federal Reserve Bank of Minneapolis Quarterly Review
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24
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1
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14-23
|
2000
This article develops a model which shows that bank deposit contracts can provide allocations... |
American Economic Review
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90
|
3
|
407-428
|
2000
We study the monetary-transmission mechanism with a data set that includes quarterly... |
Economic Review
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1999
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3
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30-39
|
1999
Most people are familiar with retail payments systems such as checks and credit cards. Less... |
1984
This paper develops a theory of financial intermediation based on minimizing the cost of... |