Guillermo Ordoñez

University of Pennsylvania
Department of Economics
PCPSE - Room 505
133 South 36th Street
Philadelphia, PA 19104
Tel: (215) 898-1875
Fax: (215) 573-2057

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: EFG
NBER Affiliation: Research Associate
Institutional Affiliation: University of Pennsylvania

NBER Working Papers and Publications

August 2020Interbank Networks in the Shadows of the Federal Reserve Act
with Haelim Anderson, Selman Erol: w27721
May 2020Savings and Saving Rates: Up or Down?
with Facundo Piguillem: w27179
The Macroprudential Role of Stock Markets
with Kyriakos T. Chousakos, Gary B. Gorton: w27113
October 2019Retirement in the Shadow (Banking)
with Facundo Piguillem: w26337
August 2018A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
with Harold Cole, Daniel Neuhann: w24890
October 2016Fighting Crises
with Gary Gorton: w22787
June 2016Debt Crises: For Whom the Bell Tolls
with Harold Cole, Daniel Neuhann: w22330
February 2016Good Booms, Bad Booms
with Gary Gorton: w22008

Published: Gary Gorton & Guillermo Ordoñez, 2020. "Good Booms, Bad Booms," Journal of the European Economic Association, vol 18(2), pages 618-665.

July 2014Political Booms, Financial Crises
with Helios Herrera, Christoph Trebesch: w20346

Published: Helios Herrera & Guillermo Ordoñez & Christoph Trebesch, 2020. "Political Booms, Financial Crises," Journal of Political Economy, vol 128(2), pages 507-543.

June 2014Banks as Secret Keepers
with Tri Vi Dang, Gary Gorton, Bengt Holmström: w20255

Published: Tri Vi Dang & Gary Gorton & Bengt Holmström & Guillermo Ordoñez, 2017. "Banks as Secret Keepers," American Economic Review, vol 107(4), pages 1005-1029. citation courtesy of

May 2013Sustainable Shadow Banking

Published: Guillermo Ordoñez, 2018. "Sustainable Shadow Banking," American Economic Journal: Macroeconomics, vol 10(1), pages 33-56. citation courtesy of

February 2013Uncertainty as Commitment
with Jaromir Nosal: w18766

Published: Nosal, Jaromir B. & Ordoñez, Guillermo, 2016. "Uncertainty as commitment," Journal of Monetary Economics, Elsevier, vol. 80(C), pages 124-140. citation courtesy of

January 2013The Supply and Demand for Safe Assets
with Gary B. Gorton: w18732
September 2012The Asymmetric Effects of Financial Frictions

Published: Guillermo Ordo�ez, 2013. "The Asymmetric Effects of Financial Frictions," Journal of Political Economy, University of Chicago Press, vol. 121(5), pages 844 - 895. citation courtesy of

March 2012Optimal Regulation in the Presence of Reputation Concerns
with Andrew Atkeson, Christian Hellwig: w17898

Published: Andrew Atkeson & Christian Hellwig & Guillermo Ordoñez, 2015. "Optimal Regulation in the Presence of Reputation Concerns," The Quarterly Journal of Economics, Oxford University Press, vol. 130(1), pages 415-464. citation courtesy of

January 2012Collateral Crises
with Gary B. Gorton: w17771

Published: Gary Gorton & Guillermo Ordo?ez, 2014. "Collateral Crises," American Economic Review, American Economic Association, vol. 104(2), pages 343-78, February. citation courtesy of

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