Bank panics and the endogeneity of central banking

co-authored with Lixin Huang, Journal of Monetary Economics, Volume 53, Issue 7, May 2005, Pages 1613-1629

Clearinghouses and the Origin of Central Banking in the United States

The Journal of Economic History, Volume 45, Issue 2, June 1985, Pages 277-283

Private Clearinghouses and the Origins of Central Banking

Business Review, Federal Reserve Bank of Philadelphia

The Joint Production of Confidence Endogenous Regulation and Nineteenth Century Commercial-Bank Clearinghouses

co-authored with Donald J. Mullineaux, Journal of Money, Credit and Banking, Volume 19, No. 4, November 1987, Pages 457-468