Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

The Twin Crises: The Causes of Banking and Balance-of-Payments Problems

1999 • 5,051 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Financial Intermediation, Loanable Funds, and The Real Sector

1997 • 3,849 citations

Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking

2001 • 1,917 citations

Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

2024 • 1,878 citations

Global Games and Equilibrium Selection

1993 • 1,562 citations

Oligopoly Pricing: Old Ideas and New Tools

1999 • 1,414 citations

The Role of Demandable Debt in Structuring Optimal Banking Arrangements

1991 • 1,281 citations

A model of reserves, bank runs, and deposit insurance

1980 • 1,077 citations

Corporate Financial Structure and Managerial Incentives

1982 • 1,063 citations

Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

2002 • 1,040 citations

Optimal Financial Crises

1998 • 1,037 citations

Are Some Mutual Fund Managers Better Than Others? Cross‐Sectional Patterns in Behavior and Performance

1999 • 1,031 citations

Federal Reserve Information and the Behavior of Interest Rates

2000 • 1,001 citations

BANKING PANICS AND BUSINESS CYCLES *

1988 • 941 citations

Nash equilibrium with strategic complementarities

1990 • 937 citations

Distinguishing Panics and Information-based Bank Runs: Welfare and Policy Implications

1988 • 708 citations

Banking Panics, Information, and Rational Expectations Equilibrium

1988 • 658 citations

Bank Soundness and Macroeconomic Policy

1996 • 641 citations

Credit-Worthiness Tests and Interbank Competition

1990 • 587 citations

Short-Term Capital Flows

1999 • 494 citations

On the Need for an International Lender of Last Resort

2003 • 450 citations

Toward a New International Financial Architecture: A Practical Post-Asia Agenda

1999 • 391 citations

Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When?

2000 • 384 citations

Bank Runs as an Equilibrium Phenomenon

1987 • 356 citations

Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders

2003 • 318 citations

Bank suspension of convertibility

1985 • 267 citations

Rethinking Multiple Equilibria in Macroeconomic Modeling

2000 • 263 citations

Is Bank Supervision Central to Central Banking?

1999 • 238 citations

Financial deregulation, monetary policy, and central banking

1988 • 230 citations

Public Information, Private Information, and the Multiplicity of Equilibria in Coordination Games

2002 • 185 citations

Lender of Last Resort: A Review of the Literature

2002 • 183 citations

The IMF's Imprudent Role As Lender of Last Resort

1998 • 170 citations

The lender of last resort: Alternative views and historical experience

2006 • 161 citations

The Misuse of the Fed's Discount Window

1992 • 154 citations

Financial crises, payment system problems, and discount window lending

1996 • 149 citations

The central bank and the financial system

1996 • 147 citations

EMU and Banking Supervision

1999 • 139 citations

Untitled

2001 • 132 citations

Speculative attacks: unique equilibrium and transparency

2002 • 130 citations

Competition and bank performance: a theoretical perspective

1993 • 122 citations

Demand Deposit Contracts and The Probability of Bank Runs

2002 • 121 citations

Lender of last resort: A contemporary perspective

1991 • 110 citations

Dollarization, Bailouts, and the Stability of the Banking System

2002 • 107 citations

A Model of the Lender of Last Resort

1999 • 105 citations

The International Lender of Last Resort How Large is Large Enough?

2001 • 81 citations

Blueprints for a New Global Financial Architecture

2003 • 69 citations

Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World

2003 • 56 citations

The Informational Advantage of Specialized Monitors: The Case of Bank Examiners

1998 • 52 citations

A Simple Model of an International Lender of Last Resort

2000 • 49 citations

The classical concept of the lender of last resort

1975 • 46 citations

The ECB: a bank or a monetary policy rule?

2012 • 45 citations

The Lender of Last Resort: A 21st Century Approach

2003 • 44 citations

Limited Commitment and Central Bank Lending

1999 • 39 citations

Asking the Right Questions About the IMF

1998 • 29 citations

The value of publishing official central bank forecasts

1999 • 19 citations

Bank Moral Hazard and Market Discipline

1999 • 15 citations

Monotone Equilibria in Bayesian Games of Strategic Complementarities

2003 • 13 citations

Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?

2002 • 12 citations

Domestic open market operations during 2001

2001 • 8 citations

The CNBC Effect: Welfare Effects of Public Information

2001 • 4 citations

Reconciling Bagehot with the Fed's response to Sept. 11

2002 • 4 citations