Three paradigms for the role of capitalization requirements in insured financial institutions

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

The Pricing of Options and Corporate Liabilities

1973 • 29,036 citations

The Logic of Collective Action.

1966 • 12,113 citations

The Theory of Economic Regulation

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The Theory of Economic Regulation

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On financial contracting

1979 • 3,013 citations

Deposit Insurance, Risk, and Market Power in Banking

1990 • 2,637 citations

An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory

1977 • 1,904 citations

A Program for Monetary Stability

1961 • 1,266 citations

Ownership Structure, Deregulation, and Bank Risk Taking

1990 • 1,037 citations

Regulation of Bank Capital and Portfolio Risk

1980 • 899 citations

Looting: The Economic Underworld of Bankruptcy for Profit

1993 • 766 citations

Pricing Risk‐Adjusted Deposit Insurance: An Option‐Based Model

1986 • 711 citations

The congressional-bureaucratic system: a principal agent perspective (with applications to the SEC)

1984 • 494 citations

Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital*

1981 • 457 citations

On the Cost of Deposit Insurance When There Are Surveillance Costs

1978 • 402 citations

The Losses Realized in Bank Failures

1991 • 397 citations

Self-interested bank regulation

1993 • 381 citations

The Valuation of FDIC Deposit Insurance Using Option-Pricing Estimates

1984 • 372 citations

Risk Management and Insurance

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The Valuation of Sequential Exchange Opportunities

1988 • 265 citations

Is Fairly Priced Deposit Insurance Possible?

1992 • 265 citations

The Gathering Crisis in Federal Deposit Insurance

1986 • 264 citations

Contracting out Government Services: Lessons from the Private Sector

1994 • 264 citations

A Reexamination of the Over- (or Under-) Pricing of Deposit Insurance

1987 • 227 citations

The great savings and loan debacle

1991 • 224 citations

The S. & L. Debacle: Public Policy Lessons for Bank and Thrift Regulation.

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Regulation of Bank Capital and Portfolio Risk

1980 • 195 citations

Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital

1981 • 193 citations

Bank Capital Adequacy, Deposit Insurance and Security Values

1978 • 191 citations

Pricing Risk-Adjusted Deposit Insurance: An Option-Based Model

1986 • 180 citations

On the Management of Financial Guarantees

1992 • 179 citations

An Approach to the Regulation of Bank Holding Companies

1978 • 167 citations

What should banks do

1987 • 164 citations

Forbearance and valuation of deposit insurance as a callable put

1993 • 148 citations

The S & L debacle: public policy lessons for bank and thrift regulation

1991 • 147 citations

Changing incentives facing financial-services regulators

1989 • 115 citations

Optimal Bank Reorganization Policies and the Pricing of Federal Deposit Insurance

1989 • 113 citations

Determinants of Thrift Institution Resolution Costs

1990 • 109 citations

Appearance and reality in deposit insurance

1986 • 108 citations

Modeling the bank regulator's closure option: A two-step logit regression approach

1992 • 106 citations

Ownership Structure, Deregulation, and Bank Risk Taking

1990 • 102 citations

The Losses Realized in Bank Failures

1991 • 87 citations

The limitations of market value accounting and a more realistic alternative

1991 • 77 citations

The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry

1990 • 74 citations

Liquidation costs and risk-based bank capital

1994 • 54 citations

Insurance Markets with Loss-Prevention Activity: Profits, Market Structure, and Consumer Welfare

1986 • 53 citations

Risk management and insurance

1985 • 51 citations

Risk and Capital Adequacy in Commercial Banks.

1982 • 46 citations

On flexibility, capital structure and investment decisions for the insured bank

1993 • 42 citations

Determinants of Thrift Institution Resolution Costs

1990 • 40 citations

Risk and Regulation in Banking: Some Proposals for Federal Deposit Insurance Reform

1971 • 37 citations

Management and organizational changes in banking: a comparison of regulatory intervention with private creditor actions in nonbank firms

1993 • 32 citations

Optimal Bank Reorganization Policies and the Pricing of Federal Deposit Insurance

1989 • 31 citations

The Reform of Federal Deposit Insurance: Disciplining the Government and Protecting Taxpayers.

1993 • 29 citations

Deposit Insurance Reform; or, Deregulation Is the Cart, Not the Horse

1990 • 27 citations

Pricing Deposit Insurance: The Effects of Mismeasurement

1983 • 26 citations

Interest Rate Risk and Capital Adequacy For Traditional Banks and Financial Intermediaries

1978 • 25 citations

Risk and capital adequacy in commercial banks

1982 • 22 citations

Toward a positive theory of insurance

1982 • 21 citations

Deposit Insurance Reform or Deregulation Is the Cart, Not the Horse

1983 • 21 citations

Guaranty of Deposits under the Banking Act of 1933

1934 • 20 citations

Overcapacity and exit from banking

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Capital Forbearance and Thrifts: An Ex Post Examination of Regulatory Gambling

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Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance

1981 • 9 citations

Agency conflicts and thrift resolution costs

1990 • 9 citations

The plight of the thrift institutions

1983 • 8 citations

Managerial rents and optimal regulatory intervention in troubled banks

1993 • 4 citations

Budgetary treatment of deposit insurance : a framework for reform

1991 • 4 citations

BIF loss exposure: a simple actuarial approach

1993 • 3 citations

Statement No. 76 the FDIC Improvement Act of 1991

1992 • 1 citations