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Opacity and the Optimality of Debt for Liquidity Provision
16 references·16 citing·40 second hopsampled
Opacity and the Optimality of Debt for Liquidity Provision (2009)Opacity and the Optimality of Debt for Li…Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007 (2009)Slapped in the Face by the In…Special Purpose Vehicles and Securitization (2005)Special Purpose Vehicles and …A Liquidity-based Model of Security Design (1999)A Liquidity-based Model of Se…Default and Renegotiation: A Dynamic Model of Debt (1998)Default and Renegotiation: A …DEBT AND SENIORiTY: AN ANALYSIS OF THE ROLE OF HARD CLAIMS (1994)DEBT AND SENIORiTY: AN ANALYS…Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management (1994)Debt and Seniority: An Analys…An Incomplete Contracts Approach to Financial Contracting (1992)An Incomplete Contracts Appro…Security Baskets and Index-Linked Securities (1991)Security Baskets and Index-Li…Financial Intermediaries and Liquidity Creation (1990)Financial Intermediaries and …Limited Liability and the Corporation (1985)Limited Liability and the Cor…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Bank Runs, Deposit Insurance, and Liquidity (1983)Bank Runs, Deposit Insurance,…Good News and Bad News: Representation Theorems and Applications (1981)Good News and Bad News: Repre…Optimal contracts and competitive markets with costly state verification (1979)Optimal contracts and competi…The Private and Social Value of Information and the Reward to Inventive Activity (1978)The Private and Social Value …The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…Optimal Financial Transaction Taxes (2020)Optimal Financial Transaction…The Passthrough of Treasury Supply to Bank Deposit Funding (2019)The Passthrough of Treasury S…Financial Disclosure and Market Transparency with Costly Information Processing (2017)Financial Disclosure and Mark…Shadow Bank Monitoring (2015)Shadow Bank MonitoringSecondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets (2015)Secondary Market Liquidity an…Information quality and crises in regime-change games (2014)Information quality and crise…CDOs and the financial crisis: Credit ratings and fair premia (2013)CDOs and the financial crisis…Responding to a Shadow Banking Crisis: The Lessons of 1763 (2012)Responding to a Shadow Bankin…Knightian uncertainty and interbank lending (2012)Knightian uncertainty and int…Did investors outsource their risk analysis to rating agencies? 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References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1983Bank Runs, Deposit Insurance, and Liquidity9,689 cited
  • 1979Optimal contracts and competitive markets with costly state verification3,201 cited
  • 1981Good News and Bad News: Representation Theorems and Applications3,198 cited
  • 1992An Incomplete Contracts Approach to Financial Contracting2,132 cited
  • 1978The Private and Social Value of Information and the Reward to Inventive Activity1,571 cited
  • 1990Financial Intermediaries and Liquidity Creation1,078 cited
  • 1998Default and Renegotiation: A Dynamic Model of Debt1,021 cited
  • 1994Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management908 cited
  • 1999A Liquidity-based Model of Security Design739 cited
  • 1985Limited Liability and the Corporation424 cited
  • 2009Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007330 cited
  • 1991Security Baskets and Index-Linked Securities177 cited
  • 1994DEBT AND SENIORiTY: AN ANALYSIS OF THE ROLE OF HARD CLAIMS

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106 cited
  • 2005Special Purpose Vehicles and Securitization88 cited
  • Cited by

    • 2014Information quality and crises in regime-change games39 cited
    • 2011Disclosure, Transparency, and Market Discipline34 cited
    • 2012Knightian uncertainty and interbank lending33 cited
    • 2010TBA Trading and Liquidity in the Agency MBS Market33 cited
    • 2012Responding to a Shadow Banking Crisis: The Lessons of 176333 cited
    • 2019The Passthrough of Treasury Supply to Bank Deposit Funding32 cited
    • 2017Financial Disclosure and Market Transparency with Costly Information Processing30 cited
    • 2015Shadow Bank Monitoring29 cited
    • 2012Did investors outsource their risk analysis to rating agencies? Evidence from ABS-CDOs29 cited
    • 2015Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets27 cited
    • 2011Monetary Policy as Financial-Stability Regulation27 cited
    • 2011Global imbalances and global liquidity26 cited
    • 2013CDOs and the financial crisis: Credit ratings and fair premia26 cited
    • 2011Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public26 cited
    • 2011Implicit Guarantees and Risk Taking: Evidence from Money Market Funds24 cited
    • 2020Optimal Financial Transaction Taxes24 cited