Working Papers

“The Flight from Maturity,” (with Andrew Metrick and Lei Xie).

“An Econometric Chronology of the Financial Crisis of 2007-2008,” (with Andrew Metrick and Lei Xie).

“Corporate Culture as a Theory of the Firm,”(with Alexander Zentefis).

“Social Progress and Corporate Culture,”(with Alexander Zentefis).

“Stress for Success: A Review of Timothy Geithner’s Financial Crisis Memoir”

“How Did Pre-Fed Banking Panics End?,” (with Ellis Tallman).

“Good Booms, Bad Booms,” (with Guillermo Ordonez).

“Mobile Collateral versus Immobile Collateral,” (with Tyler Muir).

“Facts and Fantasies about Commodity Futures Ten Year Later,” (with Geetesh Bhardwaj and Geert Rouwenhorst).

Agency-Based Asset Pricing,” (with Ping He and Lixin Huang).

“Bank Capital and Survival during the Financial Crisis,” (with Stefan Lewellen and Andrew Metrick).

Collateral Crises,” (with Guillermo Ordoñez).

“Ignorance, Debt and Financial Crises.” (with Tri Vi Dang and Bengt Holmström).

Some Reflections on the Recent Financial Crisis

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover,” (with Lixin Huang and Qiang Kang).

“Private Money Production without Banks”

“Understanding Financial Crises”

“The Supply and Demand for Safe Assets,”(with Guillermo Ordonez).