NBER Working Papers by Gary B. Gorton

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Working Papers

June 2014Banks as Secret Keepers
with Tri Vi Dang, Bengt Holmström, Guillermo Ordonez: w20255
April 2014The Flight from Maturity
with Andrew Metrick, Lei Xie: w20027
October 2013The Development of Opacity in U.S. Banking
August 2013The Federal Reserve and Financial Regulation: The First Hundred Years
with Andrew Metrick: w19292
January 2013The Supply and Demand for Safe Assets
with Guillermo Ordoñez: w18732
December 2012Securitization
with Andrew Metrick: w18611
October 2012Who Ran on Repo?
with Andrew Metrick: w18455
September 2012Some Reflections on the Recent Financial Crisis
January 2012Collateral Crises
with Guillermo Ordonez: w17771
The Safe-Asset Share
with Stefan Lewellen, Andrew Metrick: w17777
Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
with Andrew Metrick: w17778
February 2010Questions and Answers about the Financial Crisis
August 2009Haircuts
with Andrew Metrick: w15273
Securitized Banking and the Run on Repo
with Andrew Metrick: w15223
May 2009The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover
with Lixin Huang, Qiang Kang: w14944
January 2009Information, Liquidity, and the (Ongoing) Panic of 2007
October 2008Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors
with Geetesh Bhardwaj, K. Geert Rouwenhorst: w14424
The Subprime Panic
September 2008The Panic of 2007
July 2007The Fundamentals of Commodity Futures Returns
with Fumio Hayashi, K. Geert Rouwenhorst: w13249
May 2006Noise Traders
with James Dow: w12256
March 2006Asset Prices When Agents are Marked-to-Market
with Ping He, Lixin Huang: w12075
Agency-Based Asset Pricing
with Ping He: w12084
May 2005Bank Credit Cycles
with Ping He: w11363
Eat or Be Eaten: A Theory of Mergers and Merger Waves
with Matthias Kahl, Richard Rosen: w11364
March 2005Special Purpose Vehicles and Securitization
with Nicholas Souleles: w11190
June 2004Facts and Fantasies about Commodity Futures
with K. Geert Rouwenhorst: w10595
SEC Regulation Fair Disclosure, Information, and the Cost of Capital
with Armando Gomes, Leonardo Madureira: w10567
June 2003Equilibrium Asset Prices Under Imperfect Corporate Control
with James Dow, Arvind Krishnamurthy: w9758
September 2002Banking Panics and the Origin of Central Banking
with Lixin Huang: w9137
Liquidity, Efficiency and Bank Bailouts
with Lixin Huang: w9158
August 2002Bank Panics and the Endogeneity of Central Banking
with Lixin Huang: w9102
May 2002Financial Intermediation
with Andrew Winton: w8928
October 2000Class Struggle Inside the Firm: A Study of German Codetermination
with Frank Schmid: w7945
March 2000The Visible Hand, the Invisible Hand and Efficiency
with Eitan Goldman: w7587
May 1999Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers
with Matthias Kahl: w7123
September 1996Executive Compensation and the Optimality of Managerial Entrenchment
with Bruce D. Grundy: w5779
February 1996Universal Banking and the Performance of German Firms
with Frank A. Schmid: w5453
August 1995Stock Market Efficiency and Economic Efficiency: Is There a Connection?
with James Dow: w5233
Bank Capital Regulation in General Equilibrium
with Andrew Winton: w5244
April 1995Banks and Derivatives
with Richard Rosen: w5100
September 1994Noise Trading, Delegated Portfolio Management, and Economic Welfare
with James Dow: w4858
July 1993Reputation Formation in Early Bank Debt Markets
April 1993Arbitrage Chains
with James Dow: w4314
Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing
with James Dow: w4315
February 1993The Design of Bank Loan Contracts, Collateral, and Renegotiation
with James A. Kahn: w4273
December 1992Corporate Control, Portfolio Choice, and the Decline of Banking
with Richard Rosen: w4247
October 1991Stock Price Manipulation, Market Microstructure and Asymmetric Information
with Franklin Allen: w3862
May 1991Rational Finite Bubbles
with Franklin Allen: w3707
Security Baskets and Index-Linked Securities
with George Pennacchi: w3711
April 1991Trading, Communication and the Response of Price to New Information
with James Dow: w3687
March 1991The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change
December 1990Banks and Loan Sales: Marketing Non-Marketable Assets
with George Pennacchi: w3551

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info


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