Financial Intermediaries and Markets

American economic review

1992 • 16,670 citations

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

The American Economic Review

2012 • 8,465 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

A Model of Balance-of-Payments Crises

1979 • 3,034 citations

Financial Contagion

2000 • 2,749 citations

An Analysis of the Principal-Agent Problem

1992 • 2,102 citations

An Analysis of the Principal-Agent Problem

1983 • 2,019 citations

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

2001 • 1,917 citations

Contemporary Banking Theory

1993 • 1,231 citations

A model of reserves, bank runs, and deposit insurance

1980 • 1,077 citations

Equilibrium and welfare in markets with financially constrained arbitrageurs

2002 • 1,044 citations

Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

2002 • 1,040 citations

Optimal Financial Crises

1998 • 1,037 citations

Global Games: Theory and Applications

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Rational and Self-fulfilling Balance-of-Payments Crises

1986 • 835 citations

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

1988 • 708 citations

Limited market participation and volatility of asset prices

1993 • 690 citations

Self-Fulfilling Debt Crises

2000 • 666 citations

Banking Panics, Information, and Rational Expectations Equilibrium

1988 • 658 citations

Contagion

2000 • 611 citations

Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard

1984 • 575 citations

Preference shocks, liquidity, and central bank policy

1987 • 553 citations

Currency crises and monetary policy in an economy with credit constraints

2001 • 533 citations

A Model of Financial Crises in Emerging Markets

2001 • 526 citations

Imperfect competition, risk taking, and regulation in banking

2000 • 516 citations

Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research …

1989 • 502 citations

Bank Runs as an Equilibrium Phenomenon

1987 • 356 citations

Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model With Sequential Service Taken Seriously

1988 • 336 citations

Financial Fragility and the Exchange Rate Regime

2000 • 320 citations

Contractual Arrangements for Intertemporal Trade

1987 • 317 citations

Competition for Deposits, Fragility, and Insurance

1996 • 305 citations

Currency Elasticity and Banking Panics: Theory and Evidence

1996 • 280 citations

Paper tigers?

1999 • 277 citations

Liquidity, Banks, and Markets

1997 • 255 citations

New Approaches to Monetary Economics

1987 • 243 citations

Existence, regularity, and constrained suboptimality of competitive allocations when the asset market is incomplete

2011 • 241 citations

Efficiency and the Role of Default When Security Markets Are Incomplete

2016 • 238 citations

General Competitive Analysis in an Economy with Private Information

1984 • 229 citations

Currency Crises and Monetary Policy in an Economy with Credit Constraints

2000 • 219 citations

Liquidity provision, banking, and the allocation of interest rate risk

1994 • 196 citations

A Banking Model in Which Partial Suspension Is Best

1990 • 128 citations

On avoiding bank runs

1996 • 117 citations

Banking Without Deposit Insurance or Bank Panics: Lessons From a Model of the U.S. National Banking System

1989 • 100 citations

Optimal currency crises

2000 • 95 citations

Liquidity creation through banks and markets: Multiple insurance and limited market access

1999 • 71 citations

Banks, Markets, and the Allocation of Risks

1998 • 56 citations

Financial Crises as Herds

2000 • 39 citations

Perspectives on the recent currency crisis literature

1999 • 27 citations

Bank Portfolio Restrictions and Equilibrium Bank Runs

2003 • 15 citations

Liquidity Provision vs. Deposit Insurance: Preventing Bank Panics Without Moral Hazard

2001 • 11 citations

Bank Portfolio Restrictions and Equilibrium Bank Runs

2003 • 8 citations