Robert C. Merton

Massachusetts Institute of Technology (MIT) - Sloan School of Management

School of Management Distinguished Professor of Finance

77 Massachusetts Avenue

E62-634

Cambridge, MA 02139-4307

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Harvard Business School - Finance Unit

John and Natty McArthur University Professor emeritus

Boston, MA 02163

United States

  • Massachusetts Institute of Technology (MIT) - Sloan School of Management

    • Email
    • Tel: 617 715 4866

  • Harvard Business School - Finance Unit

    • Email
    • Tel: 617-495-6678
SCHOLARLY PAPERS

46

DOWNLOADS
Rank 3,206

SSRN RANKINGS

Top 3,206

in Total Papers Downloads

22,696

TOTAL CITATIONS
Rank 956

SSRN RANKINGS

Top 956

in Total Papers Citations

287

Scholarly Papers (46)

Actions:
Email selected abstracts
1.

Do a Firm's Equity Returns Reflect the Risk of its Pension Plan?

Downloads 2,267 (14,139)
Citation 11

Do a Firm's Equity Returns Reflect the Risk of its Pension Plan?

HBS Finance Working Paper No. 05-011
Number of pages: 43 Posted: 19 Jul 2004
Zvi Bodie, Robert C. Merton and Li Jin
Boston University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School - Finance Unit
Downloads 2,089 (15,791)
Citation 3

Abstract:

Loading...

Defined Benefit Pension Plan, Market Efficiency, Cost of Capital, Capital Budgeting

Do a Firm's Equity Returns Reflect the Risk of its Pension Plan?

NBER Working Paper No. w10650
Number of pages: 38 Posted: 26 Aug 2004 Last Revised: 08 Aug 2022
Zvi Bodie, Li Jin, Robert C. Merton and Zvi Bobie
Boston University, Harvard Business School - Finance Unit, Massachusetts Institute of Technology (MIT) - Sloan School of Management and affiliation not provided to SSRN
Downloads 178 (356,001)
Citation 8

Abstract:

Loading...

2.

The Design of Financial Systems: Towards a Synthesis of Function and Structure

Downloads 2,209 (14,713)
Citation 7

The Design of Financial Systems: Towards a Synthesis of Function and Structure

Harvard Business School Working Paper No. 02-074, HBS Finance Working Paper No. 02-074
Number of pages: 44 Posted: 09 Jun 2002
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,948 (17,696)
Citation 4

Abstract:

Loading...

financial system; financial structure

The Design of Financial Systems: Towards a Synthesis of Function and Structure

NBER Working Paper No. w10620
Number of pages: 46 Posted: 28 Jul 2004 Last Revised: 10 Jul 2022
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 261 (245,782)
Citation 3

Abstract:

Loading...

3.

Transparency, Risk Management and International Financial Fragility

Downloads 2,166 (15,181)

Transparency, Risk Management and International Financial Fragility

Harvard Business School Working Paper No. 03-118; Harvard NOM Working Paper No. 03-41, HBS Finance Working Paper No. 03-118
Number of pages: 66 Posted: 24 Jul 2003
Mario Draghi, Francesco Giavazzi, Francesco Giavazzi and Robert C. Merton
Goldman Sachs International, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,921 (18,074)

Abstract:

Loading...

Risk Transparency, Macro-finance, Financial Crisis, Marco-risk Management, Sovereign Risk

Transparency, Risk Management and International Financial Fragility

NBER Working Paper No. w9806
Number of pages: 66 Posted: 30 Jun 2003 Last Revised: 19 Oct 2022
Mario Draghi, Francesco Giavazzi, Francesco Giavazzi and Robert C. Merton
Goldman Sachs International, National Bureau of Economic Research (NBER)University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 245 (259,909)

Abstract:

Loading...

4.

Systemic Risk and the Refinancing Ratchet Effect

Downloads 1,521 (26,291)
Citation 17

Systemic Risk and the Refinancing Ratchet Effect

MIT Sloan Research Paper No. 4750-09, Harvard Business School Finance Working Paper No. 1472892
Number of pages: 62 Posted: 15 Sep 2009 Last Revised: 08 Jan 2018
Amir Khandani, Andrew W. Lo and Robert C. Merton
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,414 (28,820)
Citation 17

Abstract:

Loading...

Systemic Risk, Financial Crisis, Household Finance, Real Estate, Subprime

Systemic Risk and the Refinancing Ratchet Effect

NBER Working Paper No. w15362
Number of pages: 68 Posted: 21 Sep 2009 Last Revised: 24 Jun 2023
Amir Khandani, Andrew W. Lo and Robert C. Merton
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 107 (535,392)

Abstract:

Loading...

5.

SeLFIES: A New Pension Bond and Currency for Retirement

Number of pages: 11 Posted: 30 Mar 2020
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Georgetown University - McDonough School of Business
Downloads 1,290 (33,551)
Citation 6

Abstract:

Loading...

SeLFIES, Retirement Security, Currency for Retirement, Standard-of-Living Risk, Financial Innovation, Annuity Puzzle, Target Date Funds, Retirement Income

6.

International Pension Swaps

Downloads 1,178 (38,342)
Citation 11

International Pension Swaps

Boston University School of Management Working Paper No. 02-01
Number of pages: 11 Posted: 01 Nov 2001
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,178 (37,723)
Citation 11

Abstract:

Loading...

Pensions, diversification, risk-sharing, swaps

International Pension Swaps

Journal of Pension Economics and Finance, Vol. 1, January 2002
Posted: 18 Feb 2002
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Swap, pension fund, international diversification

7.

The Value of Implicit Guarantees

Downloads 1,099 (42,421)
Citation 28

The Value of Implicit Guarantees

Number of pages: 46 Posted: 11 Mar 2013
Zoe Tsesmelidakis, Zoe Tsesmelidakis and Robert C. Merton
University of Oxford - Said Business SchoolUniversity of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 748 (70,707)
Citation 4

Abstract:

Loading...

Financial crisis, Systemic risk, Too big to fail, Government guarantees

The Value of Implicit Guarantees

26th Australasian Finance and Banking Conference 2013
Number of pages: 46 Posted: 19 Aug 2013
Zoe Tsesmelidakis, Zoe Tsesmelidakis and Robert C. Merton
University of Oxford - Said Business SchoolUniversity of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 176 (356,001)
Citation 14

Abstract:

Loading...

financial crisis, systemic risk, too big to fail, government guarantees

The Value of Implicit Guarantees

Number of pages: 46 Posted: 28 Feb 2013
Zoe Tsesmelidakis, Zoe Tsesmelidakis and Robert C. Merton
University of Oxford - Said Business SchoolUniversity of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 175 (357,807)
Citation 10

Abstract:

Loading...

Financial crisis, Systemic risk, Too big to fail, Government guarantees

8.

On Estimating the Expected Return on the Market: An Exploratory Investigation

NBER Working Paper No. w0444
Number of pages: 71 Posted: 19 Jun 2004 Last Revised: 19 Sep 2022
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 983 (49,609)
Citation 75

Abstract:

Loading...

9.

On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives

Fully published version of paper available at PMR: https://jai.pm-research.com/content/early/2021/05/21/jai.2021.1.135 ©2021 PMR. All rights reserved.
Number of pages: 17 Posted: 10 Sep 2020 Last Revised: 09 Jun 2021
Wei Dai, Robert C. Merton and Savina Rizova
Dimensional Fund Advisors, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Dimensional Fund Advisors
Downloads 918 (54,468)

Abstract:

Loading...

performance fees, option pricing models, manager incentives, compensation, fee structure

10.

A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy

Downloads 912 (55,286)
Citation 4

A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy

HBS Finance Working Paper No. 936661
Number of pages: 45 Posted: 11 Oct 2006
Zvi Bodie, Dale F. Gray and Robert C. Merton
Boston University, International Monetary Fund (IMF) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 771 (68,172)

Abstract:

Loading...

macrofinancial risks, risk propagation, sovereign risk

A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy

NBER Working Paper No. w12637
Number of pages: 45 Posted: 20 Nov 2006 Last Revised: 14 Jul 2022
Zvi Bodie, Dale F. Gray and Robert C. Merton
Boston University, International Monetary Fund (IMF) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 141 (435,465)
Citation 4

Abstract:

Loading...

11.

Time for Retirement ‘SeLFIES’?

Investments and Pensions Europe, Forthcoming
Number of pages: 2 Posted: 05 Apr 2017 Last Revised: 13 Apr 2017
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Georgetown University - McDonough School of Business
Downloads 675 (81,909)

Abstract:

Loading...

Retirement SeLFIES, Pension REform, Financial Innovation, Forward Starting Bonds, DB Pensions, DC Pensions, Standard of Living Indexation

12.

On the Management of Financial Guarantees

Financial Management, Financial Management Association, Vol. 21, No. 4, Winter 1992
Number of pages: 44 Posted: 14 Sep 2009
Robert C. Merton and Zvi Bodie
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston University
Downloads 665 (83,823)
Citation 1

Abstract:

Loading...

13.

Trust in Lending

Downloads 630 (89,531)
Citation 5

Trust in Lending

MIT Sloan Research Paper No. 5524-18, 9th Miami Behavioral Finance Conference 2018
Number of pages: 59 Posted: 15 Jul 2018 Last Revised: 15 Mar 2019
Richard T. Thakor and Robert C. Merton
University of Minnesota - Twin Cities - Carlson School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 566 (101,208)
Citation 4

Abstract:

Loading...

Trust, Banks, Non-banks, Fintech, Lending, Financial Intermediation, Credit Market, Financial Crisis

Trust in Lending

NBER Working Paper No. w24778
Number of pages: 59 Posted: 13 Jul 2018 Last Revised: 16 Mar 2023
Richard T. Thakor and Robert C. Merton
University of Minnesota - Twin Cities - Carlson School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 64 (734,089)
Citation 1

Abstract:

Loading...

14.

Customers and Investors: A Framework for Understanding Financial Institutions

Downloads 491 (122,031)
Citation 2

Customers and Investors: A Framework for Understanding Financial Institutions

MIT Sloan Research Paper No. 5137-15
Number of pages: 56 Posted: 05 Jun 2015 Last Revised: 02 May 2016
Robert C. Merton and Richard T. Thakor
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 442 (137,041)

Abstract:

Loading...

Customers, investors, credit risk, financial intermediaries, real-world financial contracts, information-insensitivity, financial crises

Customers and Investors: A Framework for Understanding Financial Institutions

NBER Working Paper No. w21258
Number of pages: 57 Posted: 15 Jun 2015 Last Revised: 01 Feb 2023
Robert C. Merton and Richard T. Thakor
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 49 (836,850)
Citation 2

Abstract:

Loading...

15.

Macroeconomics and Finance: the Role of the Stock Market

NBER Working Paper No. w1291
Number of pages: 70 Posted: 09 Jun 2004 Last Revised: 14 Jul 2022
Stanley Fischer and Robert C. Merton
Bank of Israel and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 461 (131,682)
Citation 17

Abstract:

Loading...

16.

Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model

NBER Working Paper No. w3954
Number of pages: 41 Posted: 08 Jun 2004 Last Revised: 26 Oct 2022
Zvi Bodie, Robert C. Merton and William F. Samuelson
Boston University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston University - Department of Finance & Economics
Downloads 391 (160,350)
Citation 34

Abstract:

Loading...

17.

Trust, Transparency, and Complexity

The Review of Financial Studies, Forthcoming, MIT Sloan Research Paper No. 6384-20
Number of pages: 66 Posted: 30 Dec 2022 Last Revised: 13 May 2023
Richard T. Thakor and Robert C. Merton
University of Minnesota - Twin Cities - Carlson School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 383 (163,241)

Abstract:

Loading...

Trust, Information, Information Disclosure, Transparency, Opacity, Verification

18.

Defined Benefit Versus Defined Contribution Pension Plans: What are the Real Tradeoffs?

NBER Working Paper No. w1719
Number of pages: 37 Posted: 27 Apr 2000 Last Revised: 14 Sep 2022
Zvi Bodie, Alan J. Marcus and Robert C. Merton
Boston University, Boston College - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 379 (166,056)
Citation 8

Abstract:

Loading...

19.

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability

NBER Working Paper No. w13607
Number of pages: 32 Posted: 27 Nov 2007 Last Revised: 07 Sep 2022
Dale F. Gray, Zvi Bodie and Robert C. Merton
International Monetary Fund (IMF), Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 376 (167,509)
Citation 6

Abstract:

Loading...

20.

On an Efficient Design of Reverse Mortgages: A Possible Solution for Aging Asian Populations

Number of pages: 37 Posted: 24 Nov 2017
Robert C. Merton and Rose Neng Lai
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Macau
Downloads 375 (167,025)
Citation 8

Abstract:

Loading...

Retirement, Reverse Mortgage, Securitization, Tranching, Core Capital

21.

Forecasting and Managing Volatility: An S&P 500 Case Study

Working paper, forthcoming in the Journal of Investment Management.
Number of pages: 27 Posted: 26 Nov 2024 Last Revised: 04 Dec 2024
Wei Dai, Xing Hong, Robert C. Merton and Mathieu Pellerin
Dimensional Fund Advisors, Dimensional Fund Advisors, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Dimensional Fund Advisors
Downloads 337 (189,619)

Abstract:

Loading...

Volatility-managed portfolios, volatility forecasting, realized volatility, asset allocation

22.

No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

Downloads 334 (189,619)
Citation 1

No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

Journal of Banking and Finance, Forthcoming, MIT Sloan Research Paper No. 6382-20
Number of pages: 35 Posted: 29 Jan 2021 Last Revised: 29 Sep 2021
Robert C. Merton and Richard T. Thakor
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 307 (205,927)

Abstract:

Loading...

Bankruptcy, Default, Chapter 11, Capital Structure, Labor Contracts, Human Capital, Financial Institutions

No-Fault Default, Chapter 11 Bankruptcy, and Financial Institutions

NBER Working Paper No. w28341
Number of pages: 35 Posted: 19 Jan 2021 Last Revised: 10 Jun 2023
Robert C. Merton and Richard T. Thakor
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 27 (1,050,410)
Citation 1

Abstract:

Loading...

23.

Financial Innovation and the Management and Regulation of Financial Institutions

Downloads 318 (199,791)
Citation 3

Financial Innovation and the Management and Regulation of Financial Institutions

NBER Working Paper No. w5096
Number of pages: 46 Posted: 29 Aug 2000 Last Revised: 05 Dec 2022
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 318 (198,182)
Citation 3

Abstract:

Loading...

Financial Innovation and the Management and Regulation of Financial Institutions

Posted: 10 Oct 1998
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

24.

SeLFIES Can Help Brazil Create a SUPER Supplementary Pension

Revista Brasileira de Previdência, 11ª edição – Primeiro Semestre I-2020
Number of pages: 8 Posted: 13 May 2020
Arun Muralidhar, Robert C. Merton and Alexandre Vitorino
Georgetown University - McDonough School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Organizações e Sociedade
Downloads 315 (201,805)
Citation 2

Abstract:

Loading...

Supplementary Pensions, SeLFIES, Social Security, Brazil, Financial Innovation, Pension Design

25.

The Impact of Derivative Markets on Asset Management and the Economy

SUERF Studies No. 2008/5
Number of pages: 175 Posted: 10 Feb 2011
Bernhard Sammer, Peter R. Haiss, Martin Gartner, Otto Loistl, Stephan Zellner, Robert C. Merton, Krzysztof Rybinski and Urszula Sowa
Vienna University of Economics and Business - European Institute, WU Vienna University of Economics and Business, affiliation not provided to SSRN, Vienna University of Economics and Business, Vienna University of Economics and Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Warsaw University and National Bank of Poland
Downloads 291 (219,580)

Abstract:

Loading...

derivatives, financial integration, financial crisis, finance-growth-nexus

26.

Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions

Journal of Financial Intermediation, Forthcoming, MIT Sloan Research Paper No. 5358-18
Number of pages: 54 Posted: 18 Mar 2018 Last Revised: 17 May 2018
Robert C. Merton and Richard T. Thakor
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 267 (239,840)
Citation 24

Abstract:

Loading...

Customers, Investors, Credit Risk, Financial Intermediaries, Real-World Financial Contracts, Information-Insensitivity

27.

SeLFIES: A-New(-ity) Look for Retirement

Number of pages: 9 Posted: 01 Apr 2020
Arun Muralidhar, Robert C. Merton and Paula Hogan
Georgetown University - McDonough School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Creative Planning
Downloads 233 (274,616)

Abstract:

Loading...

SeLFIES; Retirement Security, Retirement Income, Retirement Wealth; Financial Innovation

28.

Designing the Best Solution for Retirement

Retirement Management Journal, Vol. 9, No. 1, No. pp. 6-14, 2020
Number of pages: 11 Posted: 13 Jan 2021
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 227 (281,603)

Abstract:

Loading...

Robert C. Merton, Visionaries interview, retirement solutions, fintech

29.

Optimal Investment Strategies for University Endowment Funds

NBER Working Paper No. w3820
Number of pages: 46 Posted: 19 Jun 2004 Last Revised: 11 Dec 2022
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 226 (282,809)
Citation 1

Abstract:

Loading...

30.

Pension Benefit Guarantees in the United States: A Functional Analysis

Ray Schmitt, The Future of Pensions in the United States, University of Pennsylvania Press, Philadelphia, 1993.
Number of pages: 21 Posted: 08 Feb 2019
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 197 (324,919)

Abstract:

Loading...

defined benefit, defined contribution, functional perspective, guarantees

31.

SeLFIES for Portugal - An Innovative Pan European Retirement Solution

Forthcoming in "Pension Plans in the EU Internal Market," edited by Prof. Nazare Cabral; Published by Springer, 2019
Number of pages: 26 Posted: 06 Nov 2019
Robert C. Merton, Arun Muralidhar and Rui Seybert P Ferreira
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Georgetown University - McDonough School of Business and affiliation not provided to SSRN
Downloads 148 (413,471)

Abstract:

Loading...

SeLFIES, Portugal, Retirement Security, Complementary DC System, Financial Innovation, Market Completion, Financial Literacy

32.

Pension Plan Integration as Insurance Against Social Security Risk

NBER Working Paper No. w1370
Number of pages: 42 Posted: 23 Jun 2004 Last Revised: 01 Oct 2022
Robert C. Merton, Zvi Bodie and Alan J. Marcus
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Boston University and Boston College - Department of Finance
Downloads 101 (561,573)

Abstract:

Loading...

33.

Allocating Shareholder Capital to Pension Plans

Journal of Applied Corporate Finance, Vol. 18, No. 1, pp. 15-24, Winter 2006
Number of pages: 12 Posted: 01 Mar 2023
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 100 (557,720)
Citation 5

Abstract:

Loading...

34.

On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable

NBER Working Paper No. w0743
Number of pages: 61 Posted: 18 Aug 2004 Last Revised: 15 Jul 2022
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 89 (600,611)
Citation 5

Abstract:

Loading...

35.

On Consumption-Indexed Public Pension Plans

NBER Working Paper No. w0910
Number of pages: 34 Posted: 19 Jun 2004 Last Revised: 29 Dec 2022
Robert C. Merton
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 66 (709,526)
Citation 6

Abstract:

Loading...

36.

Trust in Lending

The Review of Economics and Statistics, forthcoming
Number of pages: 68 Posted: 16 Dec 2024
Richard T. Thakor and Robert C. Merton
University of Minnesota - Twin Cities - Carlson School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 59 (750,315)

Abstract:

Loading...

Trust, Banks, Non-banks, Fintech, Lending, Financial Intermediation, Credit Market, Financial Crisis

37.

The Derivatives Sourcebook

Foundations and Trends in Finance, Vol. 1, No. 5-6, 2005
Number of pages: 210 Posted: 15 Jun 2010
Terence Lim, Andrew W. Lo, Robert C. Merton, Myron S. Scholes and Myron S. Scholes
Goldman Sachs Group, Inc. - Asset Management Group, Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford Graduate School of BusinessPlatinum Grove Asset Management L.P.
Downloads 19 (1,117,699)
  • Add to Cart

Abstract:

Loading...

38.

Selfies Can Improve the Nation's Retirement Security

Plan Sponsor Magazine, Forthcoming
Posted: 22 Nov 2017
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Georgetown University - McDonough School of Business

Abstract:

Loading...

Annuities; SeLFIES; US Treasury; General Accounting Office; in-plan retirement income; funding infrastructure; financial innovation; GBI; forward-starting bonds

39.

Fischer Black

Annual Review of Financial Economics, Vol. 5, pp. 9-19, 2013
Posted: 08 Nov 2013
Robert C. Merton, Myron S. Scholes and Myron S. Scholes
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford Graduate School of BusinessPlatinum Grove Asset Management L.P.

Abstract:

Loading...

40.

Preface to the Annual Review of Financial Economics

Annual Review of Financial Economics, Vol. 1, pp. 01-17, 2009
Posted: 03 Jun 2010
Andrew W. Lo and Robert C. Merton
Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

41.

Contingent Claims Approach to Measuring and Managing Sovereign Risk

Journal of Investment Management, Vol. 5, No. 4, Fourth Quarter 2007
Posted: 17 Jan 2008
Dale F. Gray, Zvi Bodie and Robert C. Merton
International Monetary Fund (IMF), Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Contingent claims analysis, sovereignrisk, Merton Model, capital structure arbitrage

42.

Design of Financial Systems: Towards a Syntheses of Function and Structure

Journal of Investment Management, Vol. 3, No. 1, First Quarter 2005
Posted: 01 Apr 2005
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Financial system, financial structure, risk management

43.

Speeches by Nobel Laureates

Financial Management, Vol. 29, Iss. 3, Autumn 2000
Posted: 31 Oct 2001
Edward J. Kane, Paul A. Samuelson and Robert C. Merton
Boston College - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

44.

Financial Infrastructure and Public Policy: A Functional Perspective

Posted: 25 Aug 1998
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

45.

The Informational Role of Asset Prices: The Case of Implied Volatility

Working Paper 95-063
Posted: 25 Aug 1998
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

46.

A Conceptual Framework for Analyzing the Financial Environment

WP#95-062
Posted: 25 Aug 1998
Zvi Bodie and Robert C. Merton
Boston University and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...