{"id":148,"date":"2020-11-11T15:25:49","date_gmt":"2020-11-11T15:25:49","guid":{"rendered":"https:\/\/faculty.som.yale.edu\/garygorton\/?page_id=148"},"modified":"2021-09-30T14:06:30","modified_gmt":"2021-09-30T14:06:30","slug":"banking","status":"publish","type":"page","link":"https:\/\/faculty.som.yale.edu\/garygorton\/banking\/","title":{"rendered":"Banking"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Bank-Credit-Cycles.pdf\">Bank Credit Cycles<\/a><\/h4>\n<p>co-authored with Ping He, Review of Economic Studies, Volume 75, 2008, Pages 1181-1214<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Bank-Regulation-when-Banks-and-Banking-are-not-the-same.pdf\">Bank Regulation when &#8220;Banks&#8221; and &#8220;Banking&#8221; are not the same<\/a><\/h4>\n<p>Oxford Review of Economic Policy, Volume 10, No. 4<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Banks-and-Derivatives.pdf\">Banks and Derivatives<\/a><\/h4>\n<p>co-authored with Richard Rosen, NBER Macroeconomics Annual, Volume 10, 1995, Pages 229-349<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Banks-and-loan-sales-Marketing-nonmarketable-assets.pdf\">Banks and loan sales Marketing nonmarketable assets<\/a><\/h4>\n<p>co-authored with George Pennacchi, Journal of Monetary Economics, Volume 35, 1995, Pages 389-411<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Banks-as-Secret-Keepers.pdf\">Banks as Secret Keepers<\/a><\/h4>\n<p>co-authored with Tri Vi Dang, Bengt Holmstrom and Guillermo Ordonez, American Economic Review, Volume 107, No.4, 2017, Pages 1005-1029<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Corporate-Control-Portfolio-Choice-and-the-Decline-of-Banking.pdf\">Corporate Control, Portfolio Choice, and the Decline of Banking<\/a><\/h4>\n<p>co-authored with Richard Rosen, The Journal of Finance, Volume L, No. 5, December 1995<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Design-of-Bank-Loan-Contracts.pdf\">Design of Bank Loan Contracts<\/a><\/h4>\n<p>co-authored with James Kahn, The Review of Financial Studies, Volume 13, No. 2, Summer 2000, Pages 331-364<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2021\/09\/Economic-Growth-and-Financial-Innovation.pdf\">Economic Growth and Bank Innovation<\/a><\/h4>\n<p>co-authored with Ping He<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Financial-Intermediaries-and-Liquidity-Creation.pdf\">Financial Intermediaries and Liquidity Creation<\/a><\/h4>\n<p>co-authored with George Pennacchi, The Journal of Finance, Volume 45, No. 1, March 1990<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Financial-Intermediation.pdf\">Financial Intermediation<\/a><\/h4>\n<p>co-authored with Andrew Winton, Chapter 08 in Handbook of the Economics of Finance, Volume 1, Part 1, 2003, Pages 431-552<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Liquidity-Provision-Bank-Capital-and-the-Macroeconomy.pdf\">Liquidity Provision, Bank Capital, and the Macroeconomy<\/a><\/h4>\n<p>co-authored with Andrew Winton, Journal of Money, Credit and Banking, Volume 49, No. 1, February 2017<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Securitization.pdf\">Securitization<\/a><\/h4>\n<p>co-authored with Andrew Metrick, National Bureau of Economic Research, Inc., NBER Working Paper 18611, 2012<\/p>\n<h4><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Special-Purpose-Vehicles-and-Securitization.pdf\">Special Purpose Vehicles and Securitization<\/a><\/h4>\n<p>co-authored with Nicholas Souleles, FRB Philadelphia Working Paper No. 05-21,\u00a0 September 1, 2005<\/p>\n<h4><strong><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/The-Development-of-Opacity-in-U.S.-Banking.pdf\">The Development of Opacity in U.S. Banking<\/a><\/strong><\/h4>\n<p><span class=\"smallcaps\">Yale Journal on Regulation Volume 3, Issue 3, 2014<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Bank Credit Cycles co-authored with Ping He, Review of Economic Studies, Volume 75, 2008, Pages 1181-1214 Bank Regulation when &#8220;Banks&#8221; and &#8220;Banking&#8221; are not the same Oxford Review of Economic Policy, Volume 10, No. 4 Banks and Derivatives co-authored with Richard Rosen, NBER Macroeconomics Annual, Volume 10, 1995, Pages 229-349 Banks and loan sales [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-148","1":"page","2":"type-page","3":"status-publish","5":"entry"},"_links":{"self":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/comments?post=148"}],"version-history":[{"count":13,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/148\/revisions"}],"predecessor-version":[{"id":422,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/148\/revisions\/422"}],"wp:attachment":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/media?parent=148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}