Author Page for Robert C. Merton

1.

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

Downloads 2,035 ( 6,092)

Citation 27

2

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 - Department of Finance & Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School - Finance Unit

Downloads 1,932 (6,535)

Citation 27

Abstract:

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: 09 Aug 2010

Zvi Bodie, Li Jin, Robert C. Merton and Zvi Bobie

Boston University - Department of Finance & Economics, Harvard Business School - Finance Unit, Massachusetts Institute of Technology (MIT) - Sloan School of Management and affiliation not provided to SSRN

Downloads 103 (238,009)

Citation 27

Abstract:

2.

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

Downloads 1,919 ( 6,742)

Citation 50

2

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 1,750 (7,794)

Citation 50

Abstract:

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

Zvi Bodie and Robert C. Merton

Boston University - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 169 (160,416)

Citation 50

Abstract:

3.

Transparency, Risk Management and International Financial Fragility

Downloads 1,763 ( 7,865)

Citation 15

2

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 and Robert C. Merton

Goldman Sachs International, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 1,691 (8,237)

Citation 15

Abstract:

Transparency, Risk Management and International Financial Fragility

NBER Working Paper No. w9806

Number of pages: 66 Posted: 30 Jun 2003

Mario Draghi, Francesco Giavazzi and Robert C. Merton

Goldman Sachs International, University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 72 (298,894)

Citation 15

Abstract:

4.

Systemic Risk and the Refinancing Ratchet Effect

Downloads 1,346 ( 12,180)

Citation 19

2

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

Downloads 1,290 (12,760)

Citation 18

Abstract:

Systemic Risk and the Refinancing Ratchet Effect

NBER Working Paper No. w15362

Number of pages: 68 Posted: 21 Sep 2009 Last Revised: 24 Jun 2010

Amir Khandani, Andrew W. Lo and Robert C. Merton

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

Downloads 56 (341,589)

Citation 19

Abstract:

5.

International Pension Swaps

Downloads 1,084 ( 17,036)

Citation 13

2

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 1,084 (16,714)

Citation 13

Abstract:

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

6.

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

Downloads 763 ( 28,407)

Citation 19

2

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 - Department of Finance & Economics, International Monetary Fund (IMF) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 669 (33,491)

Citation 19

Abstract:

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 2010

Zvi Bodie, Dale F. Gray and Robert C. Merton

Boston University - Department of Finance & Economics, International Monetary Fund (IMF) and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 94 (253,608)

Citation 16

Abstract:

7.

The Value of Implicit Guarantees

Downloads 760 ( 28,557)

Citation 2

3

The Value of Implicit Guarantees

Number of pages: 46 Posted: 11 Mar 2013

Zoe Tsesmelidakis and Robert C. Merton

University of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 592 (39,426)

Citation 2

Abstract:

The Value of Implicit Guarantees

26th Australasian Finance and Banking Conference 2013

Number of pages: 46 Posted: 19 Aug 2013

Zoe Tsesmelidakis and Robert C. Merton

University of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 110 (227,191)

Citation 2

Abstract:

The Value of Implicit Guarantees

Number of pages: 46 Posted: 28 Feb 2013

Zoe Tsesmelidakis and Robert C. Merton

University of Oxford - Oxford-Man Institute of Quantitative Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 58 (335,735)

Citation 2

Abstract:

8.

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 2010

Stanley Fischer and Robert C. Merton

Bank of Israel and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 355 (75,229)

Citation 67

Abstract:

9.

Customers and Investors: A Framework for Understanding Financial Institutions

Downloads 336 ( 80,175)

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 - Carlson School of Management

Downloads 319 (84,407)

Abstract:

Customers and Investors: A Framework for Understanding Financial Institutions

NBER Working Paper No. w21258

Number of pages: 57 Posted: 15 Jun 2015

Robert C. Merton and Richard T. Thakor

Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Minnesota - Carlson School of Management

Downloads 17 (512,110)

Abstract:

10.

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 - Department of Finance & Economics

Downloads 323 (61,666)

Citation 38

Abstract:

11.

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: 20 Sep 2010

Robert C. Merton

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

Downloads 288 (95,212)

Citation 406

Abstract:

12.

Financial Innovation and the Management and Regulation of Financial Institutions

Downloads 231 (119,723)

2

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 Oct 2014

Robert C. Merton

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

Downloads 231 (119,250)

Citation 45

Abstract:

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:

13.

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 2010

Zvi Bodie, Alan J. Marcus and Robert C. Merton

Boston University - Department of Finance & Economics, Boston College - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 222 (108,774)

Citation 18

Abstract:

14.

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 164 (147,877)

Citation 1

Abstract:

15.

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

NBER Working Paper No. w3954

Number of pages: 41 Posted: 08 Jun 2004

Zvi Bodie, Robert C. Merton and William F. Samuelson

Boston University - Department of Finance & Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Boston University - Department of Finance & Economics

Downloads 151 (151,632)

Citation 195

Abstract:

16.

Optimal Investment Strategies for University Endowment Funds

NBER Working Paper No. w3820

Number of pages: 46 Posted: 19 Jun 2004

Robert C. Merton

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

Downloads 148 (157,869)

Citation 14

Abstract:

17.

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 2010

Dale F. Gray, Zvi Bodie and Robert C. Merton

International Monetary Fund (IMF), Boston University - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 147 (149,350)

Citation 19

Abstract:

18.

Pension Plan Integration as Insurance Against Social Security Risk

NBER Working Paper No. w1370

Number of pages: 42 Posted: 23 Jun 2004 Last Revised: 30 Sep 2008

Robert C. Merton, Zvi Bodie and Alan J. Marcus

Massachusetts Institute of Technology (MIT) - Sloan School of Management, Boston University - Department of Finance & Economics and Boston College - Department of Finance

Downloads 46 (342,572)

Citation 5

Abstract:

19.

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 2010

Robert C. Merton

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

Downloads 37 (399,043)

Citation 37

Abstract:

20.

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: 16 Nov 2006

Robert C. Merton

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

Downloads 35 (403,037)

Citation 5

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Abstract:

21.

On Consumption-Indexed Public Pension Plans

NBER Working Paper No. w0910

Number of pages: 34 Posted: 19 Jun 2004 Last Revised: 29 Jun 2010

Robert C. Merton

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

Downloads 28 (410,936)

Citation 9

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22.

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 and Myron S. Scholes

Goldman Sachs Group, Inc. - Asset Management Group, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford Graduate School of Business

Downloads 18 (488,690)

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Abstract:

23.

MIT Roundtable on Corporate Risk Management

Journal of Applied Corporate Finance, Vol. 20, No. 4, pp. 20-38, Fall 2008

Number of pages: 21 Posted: 18 Dec 2008

Robert C. Merton

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

Downloads 4 (562,280)

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Abstract:

24.

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 - Carlson School of Management

Downloads 0 (253,481)

Abstract:

25.

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 0 (325,636)

Abstract:

26.

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 AlphaEngine Global Investment Solutions

Abstract:

27.

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 AlphaEngine Global Investment Solutions

Downloads 0 (129,677)

Abstract:

28.

Fischer Black

Annual Review of Financial Economics, Vol. 5, pp. 9-19, 2013

Posted: 08 Nov 2013

Robert C. Merton and Myron S. Scholes

Massachusetts Institute of Technology (MIT) - Sloan School of Management and Stanford Graduate School of Business

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29.

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

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30.

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

31.

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

32.

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

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33.

Financial Infrastructure and Public Policy: A Functional Perspective

Posted: 25 Aug 1998

Zvi Bodie and Robert C. Merton

Boston University - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

34.

A Conceptual Framework for Analyzing the Financial Environment

WP#95-062

Posted: 25 Aug 1998

Zvi Bodie and Robert C. Merton

Boston University - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

35.

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 - Department of Finance & Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Robert C. Merton

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

School of Management Distinguished Professor of Finance

National Bureau of Economic Research (NBER)

Harvard Business School - Finance Unit

John and Natty McArthur University Professor emeritus

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Allocating Shareholder Capital to Pension Plans

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The Derivatives Sourcebook

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MIT Roundtable on Corporate Risk Management

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