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Gary B. Gorton

Yale School of Management

165 Whitney Ave

P.O. Box 208200

New haven, CT 06511

United States

http://mba.yale.edu/faculty/profiles/gorton.shtml

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Yale School of Management

SCHOLARLY PAPERS

83

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Rank 31

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Top 31

in Total Papers Downloads

142,704

CITATIONS
Rank 137

SSRN RANKINGS

Top 137

in Total Papers Citations

2,153

Scholarly Papers (83)

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1.

Facts and Fantasies about Commodity Futures

Downloads 27,266 ( 46)
Citation 112

Facts and Fantasies about Commodity Futures

Yale ICF Working Paper No. 04-20
Number of pages: 41 Posted: 29 Jun 2004
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 26,592 (47)
Citation 112

Abstract:

Facts and Fantasies About Commodity Futures

NBER Working Paper No. w10595
Number of pages: 41 Posted: 25 May 2006
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 674 (29,993)
Citation 112

Abstract:

Facts and Fantasies about Commodity Futures

Financial Analysts Journal, Vol. 62, No. 2, pp. 47-68, April 2006
Posted: 23 May 2006
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance

Abstract:

Derivative Instruments, Commodity Derivatives, Alternative Investments, Commodities, Portfolio Management, Asset Allocation

2.

The Fundamentals of Commodity Futures Returns

Downloads 13,460 ( 183)
Citation 52

The Fundamentals of Commodity Futures Returns

Yale ICF Working Paper No. 07-08
Number of pages: 62 Posted: 28 Jun 2007 Last Revised: 07 Feb 2012
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 13,226 (181)
Citation 52

Abstract:

Commodity, Futures, Theory of Storage, Inventories, Backwardation, Hedging Pressure, Futures Trading

The Fundamentals of Commodity Futures Returns

NBER Working Paper No. w13249
Number of pages: 63 Posted: 13 Jul 2007
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 234 (107,857)
Citation 52

Abstract:

3.

Securitized Banking and the Run on Repo

Downloads 11,097 ( 249)
Citation 159

Securitized Banking and the Run on Repo

Yale ICF Working Paper No. 09-14
Number of pages: 65 Posted: 30 Jul 2009 Last Revised: 12 Nov 2013
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 10,804 (257)
Citation 159

Abstract:

repo, securitized

Securitized Banking and the Run on Repo

NBER Working Paper No. w15223
Number of pages: 54 Posted: 18 Aug 2009
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 293 (84,687)
Citation 159

Abstract:

4.

Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007

Number of pages: 53 Posted: 18 May 2009
Gary B. Gorton
Yale School of Management
Downloads 10,075 (250)
Citation 67

Abstract:

financial crisis, banking panic, Panic of 2007, repo markets

5.

Regulating the Shadow Banking System

Number of pages: 41 Posted: 15 Sep 2010 Last Revised: 12 Nov 2010
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 8,332 (370)
Citation 25

Abstract:

Shadow Banking, Financial Crisis, Bank Regulation

6.

Special Purpose Vehicles and Securitization

Downloads 6,396 ( 724)
Citation 69

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21
Number of pages: 63 Posted: 04 May 2005 Last Revised: 13 Dec 2011
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 6,133 (768)
Citation 69

Abstract:

Securitization, Special Purpose Vehicles, Bankruptcy, Consumer Credit, Credit Cards

Special Purpose Vehicles and Securitization

NBER Working Paper No. w11190
Number of pages: 64 Posted: 08 Apr 2005
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 263 (95,393)
Citation 69

Abstract:

7.

The Subprime Panic

Downloads 5,962 ( 822)
Citation 53

The Subprime Panic

Yale ICF Working Paper No. 08-25
Number of pages: 40 Posted: 01 Oct 2008
Gary B. Gorton
Yale School of Management
Downloads 5,659 (892)
Citation 53

Abstract:

Banking panic, securitization, off-balance sheet vehicles, ABX index

The Subprime Panic

NBER Working Paper No. w14398
Number of pages: 40 Posted: 10 Oct 2008
Gary B. Gorton
Yale School of Management
Downloads 296 (83,707)
Citation 53

Abstract:

The Subprime Panic

European Financial Management, Vol. 15, No. 1, pp. 10-46, January 2009
Number of pages: 37 Posted: 02 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 7 (535,361)
Citation 53
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8.

The Panic of 2007

Downloads 4,693 ( 1,266)
Citation 213

The Panic of 2007

Yale ICF Working Paper No. 08-24
Number of pages: 92 Posted: 26 Aug 2008
Gary B. Gorton
Yale School of Management
Downloads 4,457 (1,345)
Citation 213

Abstract:

Panic, Capital Markets

The Panic of 2007

NBER Working Paper No. w14358
Number of pages: 93 Posted: 23 Sep 2008
Gary B. Gorton
Yale School of Management
Downloads 236 (106,957)
Citation 213

Abstract:

9.

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

Downloads 4,673 ( 1,277)
Citation 42

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

Number of pages: 33 Posted: 19 Dec 2011 Last Revised: 11 Jan 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 4,318 (1,422)
Citation 2

Abstract:

Financial Crisis

Getting Up to Speed on the Financial Crisis: a One-Weekend-Reader's Guide

NBER Working Paper No. w17778
Number of pages: 34 Posted: 21 Jan 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 355 (67,891)
Citation 42

Abstract:

10.

Haircuts

Downloads 4,481 ( 1,356)
Citation 42

Haircuts

Yale ICF Working Paper No. 09-15
Number of pages: 18 Posted: 11 Aug 2009 Last Revised: 17 May 2010
Andrew Metrick and Gary B. Gorton
Yale School of Management and Yale School of Management
Downloads 4,350 (1,405)
Citation 42

Abstract:

Haircuts

NBER Working Paper No. w15273
Number of pages: 17 Posted: 25 Aug 2009
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 131 (182,941)
Citation 42

Abstract:

11.

Information, Liquidity, and the (Ongoing) Panic of 2007

Downloads 4,325 ( 1,439)
Citation 43

Information, Liquidity, and the (Ongoing) Panic of 2007

Number of pages: 13 Posted: 10 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 4,176 (1,502)
Citation 43

Abstract:

Credit Crisis, Panicof 2007, ABX Index, Repo market

Information, Liquidity, and the (Ongoing) Panic of 2007

NBER Working Paper No. w14649
Number of pages: 14 Posted: 19 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 149 (164,592)
Citation 43

Abstract:

12.

Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors

Downloads 3,696 ( 1,901)
Citation 8

Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors

Yale ICF Working Paper No. 08-21
Number of pages: 42 Posted: 08 Oct 2008 Last Revised: 17 Aug 2013
Geetesh Bhardwaj, Gary B. Gorton and K. Geert Rouwenhorst
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 3,626 (1,927)
Citation 8

Abstract:

Commodity Trading Advisors, CTA, Hedge Funds, Performance Measurement

Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors

NBER Working Paper No. w14424
Number of pages: 37 Posted: 23 Oct 2008
Geetesh Bhardwaj, Gary B. Gorton and K. Geert Rouwenhorst
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 70 (280,758)
Citation 8

Abstract:

13.

Facts and Fantasies About Commodity Futures Ten Years Later

Downloads 3,214 ( 2,433)
Citation 2

Facts and Fantasies About Commodity Futures Ten Years Later

Number of pages: 31 Posted: 27 May 2015
Geetesh Bhardwaj, Gary B. Gorton and K. Geert Rouwenhorst
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 3,203 (2,393)
Citation 2

Abstract:

Futures Trading, Contango, Backwardation, Basis, Speculators, Hedgers, Risk Premium, Financialization, Time-varying Correlations

Facts and Fantasies About Commodity Futures Ten Years Later

NBER Working Paper No. w21243
Number of pages: 31 Posted: 08 Jun 2015
Geetesh Bhardwaj, Gary B. Gorton and K. Geert Rouwenhorst
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 11 (513,614)
Citation 2
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14.

Eat or Be Eaten: A Theory of Mergers and Firm Size

Downloads 3,057 ( 2,674)
Citation 44

Eat or Be Eaten: A Theory of Mergers and Firm Size

Number of pages: 85 Posted: 04 May 2005 Last Revised: 25 Feb 2009
Gary B. Gorton, Matthias Kahl and Richard J. Rosen
Yale School of Management, University of Colorado at Boulder - Leeds School of Business and Federal Reserve Bank of Chicago - Economic Research
Downloads 2,913 (2,863)
Citation 43

Abstract:

Mergers, Merger Waves

Eat or Be Eaten: A Theory of Mergers and Merger Waves

NBER Working Paper No. w11364
Number of pages: 66 Posted: 24 Jun 2005 Last Revised: 22 Jul 2010
Gary B. Gorton, Matthias Kahl and Richard J. Rosen
Yale School of Management, University of Colorado at Boulder - Leeds School of Business and Federal Reserve Bank of Chicago - Economic Research
Downloads 144 (169,458)
Citation 44

Abstract:

15.

Questions and Answers About the Financial Crisis - Prepared for the U.S. Financial Crisis Inquiry Commission

Downloads 2,339 ( 4,242)
Citation 22

Questions and Answers About the Financial Crisis - Prepared for the U.S. Financial Crisis Inquiry Commission

Number of pages: 17 Posted: 23 Feb 2010 Last Revised: 16 Mar 2010
Gary B. Gorton
Yale School of Management
Downloads 2,214 (4,566)
Citation 22

Abstract:

Questions and Answers About the Financial Crisis

NBER Working Paper No. w15787
Number of pages: 18 Posted: 01 Mar 2010
Gary B. Gorton
Yale School of Management
Downloads 125 (189,834)
Citation 14

Abstract:

16.

Liquidity Provision, Bank Capital, and the Macroeconomy

Number of pages: 63 Posted: 13 Dec 2000 Last Revised: 24 Sep 2016
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,028 (3,788)
Citation 31

Abstract:

Bank Capital, Liquidity

17.

SEC Regulation Fair Disclosure, Information, and the Cost of Capital

Downloads 1,894 ( 6,100)
Citation 40

SEC Regulation Fair Disclosure, Information, and the Cost of Capital

Journal of Corporate Finance, Vol. 13, Nos. 2-3, pp. 300-334, 2007, AFA 2005 Philadelphia Meetings
Number of pages: 43 Posted: 15 Apr 2004
Armando R. Gomes, Gary B. Gorton and Leonardo Madureira
Washington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management
Downloads 1,801 (6,527)
Citation 40

Abstract:

Disclosure, Regulation, Capital Markets, Cost of Capital, Regulation Fair Disclosure, Reg FD, Information Production

Sec Regulation Fair Disclosure, Information, and the Cost of Capital

NBER Working Paper No. w10567
Number of pages: 78 Posted: 04 Jul 2004
Armando R. Gomes, Gary B. Gorton and Leonardo Madureira
Washington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management
Downloads 93 (235,541)
Citation 40

Abstract:

18.

Securitization

Downloads 1,771 ( 6,878)
Citation 3

Securitization

Number of pages: 96 Posted: 15 Aug 2011 Last Revised: 18 Nov 2011
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 1,705 (7,235)
Citation 3

Abstract:

Securitization, banking, capital markets

Securitization

NBER Working Paper No. w18611
Number of pages: 96 Posted: 15 Dec 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 66 (290,155)
Citation 3

Abstract:

19.

A Note on Erb and Harvey (2005)

Yale ICF Working Paper No. 06-02
Number of pages: 10 Posted: 12 Dec 2005
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 1,508 (8,558)
Citation 2

Abstract:

Commodity, commodities, futures, diversification

20.

Bank Credit Cycles

Downloads 1,435 ( 9,762)
Citation 30

Bank Credit Cycles

Number of pages: 41 Posted: 09 May 2005 Last Revised: 11 Jan 2009
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 1,369 (10,318)
Citation 30

Abstract:

credit cycles, credit crunches

Bank Credit Cycles

NBER Working Paper No. w11363
Number of pages: 47 Posted: 23 Jun 2005
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 66 (290,155)
Citation 30

Abstract:

21.

Noise Traders

Downloads 1,308 ( 11,345)
Citation 5

Noise Traders

Number of pages: 9 Posted: 17 May 2006
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting
Downloads 1,163 (13,407)
Citation 5

Abstract:

Noise Traders, Financial Markets, Market Efficiency

Noise Traders

NBER Working Paper No. w12256
Number of pages: 10 Posted: 01 Jun 2006
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 145 (168,482)
Citation 5

Abstract:

22.

Commodity Futures: A Japanese Perspective

Downloads 1,221 ( 12,644)

Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 25 Posted: 03 Nov 2005
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 687 (29,209)

Abstract:

commodities, futures, commodity, index, diversification

Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 24 Posted: 15 Aug 2006
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 534 (40,994)

Abstract:

commodity futures

23.

The Financial Crisis of 2007-2009

THE HANDBOOK OF MAJOR EVENTS IN ECONOMIC HISTORY, R. Whaples & R. Parker, eds., Routledge, Forthcoming
Number of pages: 16 Posted: 12 Feb 2012 Last Revised: 19 Apr 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 1,074 (10,842)
Citation 2

Abstract:

Financial Crisis

24.

The History and Economics of Safe Assets

Downloads 972 ( 17,961)

The History and Economics of Safe Assets

Number of pages: 58 Posted: 27 Apr 2016 Last Revised: 02 Sep 2016
Gary B. Gorton
Yale School of Management
Downloads 940 (18,537)

Abstract:

The History and Economics of Safe Assets

NBER Working Paper No. w22210
Number of pages: 55 Posted: 02 May 2016
Gary B. Gorton
Yale School of Management
Downloads 32 (398,614)
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Abstract:

The History and Economics of Safe Assets

Annual Review of Economics, Vol. 9, pp. 547-586, 2017
Posted: 14 Aug 2017
Gary B. Gorton
Yale School of Management

Abstract:

25.

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover

Downloads 759 ( 25,835)
Citation 5

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover

Number of pages: 49 Posted: 27 Apr 2009 Last Revised: 07 Mar 2013
Lixin Huang, Qiang Kang and Gary B. Gorton
Georgia State University, Florida International University (FIU) - Department of Finance and Yale School of Management
Downloads 704 (28,257)
Citation 5

Abstract:

Stock market efficiency, economic efficiency, CEO turnover,

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover

NBER Working Paper No. w14944
Number of pages: 55 Posted: 12 May 2009
Gary B. Gorton, Lixin Huang and Qiang Kang
Yale School of Management, Georgia State University and Florida International University (FIU) - Department of Finance
Downloads 55 (318,758)
Citation 5

Abstract:

26.

Agency-Based Asset Pricing

Downloads 755 ( 26,000)
Citation 3

Agency-Based Asset Pricing

Number of pages: 49 Posted: 21 Feb 2006 Last Revised: 07 Nov 2011
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 717 (27,543)
Citation 3

Abstract:

Agency Problem, Corporate Governance, Asset Pricing, Price Formation

Agency-Based Asset Pricing

NBER Working Paper No. w12084
Number of pages: 49 Posted: 11 May 2006
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 38 (374,404)
Citation 3

Abstract:

27.

Security Price Informativeness with Delegated Traders

Number of pages: 45 Posted: 03 Feb 2006 Last Revised: 03 Feb 2009
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 694 (27,620)
Citation 1

Abstract:

agency problem, mark to market, market efficiency

28.

Risk Topography

Number of pages: 31 Posted: 30 Apr 2011 Last Revised: 07 Jun 2011
Markus K. Brunnermeier, Gary B. Gorton and Arvind Krishnamurthy
Princeton University - Department of Economics, Yale School of Management and Northwestern University - Kellogg School of Management
Downloads 659 (28,564)
Citation 4

Abstract:

Measurement, Systemic Risk, Liquidity

29.

The Safe-Asset Share

Downloads 610 ( 34,865)
Citation 8

The Safe-Asset Share

Number of pages: 16 Posted: 18 Jan 2012 Last Revised: 12 Mar 2015
Gary B. Gorton, Stefan Lewellen and Andrew Metrick
Yale School of Management, London Business School and Yale School of Management
Downloads 537 (40,698)
Citation 8

Abstract:

Safe Assets, Money, Shadow Banking

The Safe-Asset Share

NBER Working Paper No. w17777
Number of pages: 17 Posted: 21 Jan 2012 Last Revised: 24 Jan 2012
Gary B. Gorton, Stefan Lewellen and Andrew Metrick
Yale School of Management, London Business School and Yale School of Management
Downloads 73 (274,000)
Citation 8

Abstract:

30.

Blockholder Scarcity, Takeovers, and Ownership Structures

Number of pages: 61 Posted: 13 Sep 2005
Matthias Kahl and Gary B. Gorton
University of Colorado at Boulder - Leeds School of Business and Yale School of Management
Downloads 589 (36,273)
Citation 12

Abstract:

Blockholders, Takeovers, Corporate Ownership Structures

31.

Bank Panics and the Endogeneity of Central Banking

Downloads 543 ( 40,627)
Citation 18

Bank Panics and the Endogeneity of Central Banking

Number of pages: 49 Posted: 28 Aug 2005
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 508 (43,702)
Citation 18

Abstract:

Banking Panics, Clearinghouses, Central Banking

Bank Panics and the Endogeneity of Central Banking

NBER Working Paper No. w9102
Number of pages: 50 Posted: 16 Aug 2002
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 35 (386,147)
Citation 18

Abstract:

32.

Book Review: The Big Short Shrift

Journal of Economic Literature, June 2011
Number of pages: 5 Posted: 25 Feb 2011
Gary B. Gorton
Yale School of Management
Downloads 500 (40,531)
Citation 1

Abstract:

Financial Crisis

33.

Executive Compensation and the Boundary of the Firm: The Case of Short-Lived Projects

Rodney L. White Center Working Paper No. 1-98
Number of pages: 38 Posted: 01 May 1998
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne
Downloads 476 (48,005)

Abstract:

34.

Firms Markets and Efficiency

Number of pages: 30 Posted: 20 Jul 2002
Eitan Goldman and Gary B. Gorton
Indiana University - Kelley School of Business - Department of Finance and Yale School of Management
Downloads 458 (50,109)

Abstract:

theory of the firm, information, coordination

35.

Financial Intermediation

NBER Working Paper No. w8928
Number of pages: 140 Posted: 09 May 2002
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 455 (47,637)
Citation 93

Abstract:

36.

Who Ran on Repo?

Downloads 433 ( 53,975)
Citation 2

Who Ran on Repo?

Number of pages: 20 Posted: 05 Oct 2012 Last Revised: 02 Oct 2015
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 392 (60,379)
Citation 2

Abstract:

Financial Crisis, Sale and Repurchase Agreements

Who Ran on Repo?

NBER Working Paper No. w18455
Number of pages: 20 Posted: 13 Oct 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 41 (363,393)
Citation 2

Abstract:

37.

The Flight from Maturity

Downloads 333 ( 73,829)
Citation 2

The Flight from Maturity

Number of pages: 42 Posted: 25 Mar 2014 Last Revised: 06 Jun 2015
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 309 (79,683)
Citation 2

Abstract:

financial crises

The Flight from Maturity

NBER Working Paper No. w20027
Number of pages: 82 Posted: 14 Apr 2014
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 24 (438,393)
Citation 2

Abstract:

38.

Collateral Crises

Downloads 319 ( 77,398)
Citation 9

Collateral Crises

Number of pages: 52 Posted: 14 Jan 2012 Last Revised: 18 Mar 2013
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 287 (86,746)
Citation 9

Abstract:

Financial Crises, Financial Fragility, Short-term debt, Credit Booms

Collateral Crises

NBER Working Paper No. w17771
Number of pages: 46 Posted: 21 Jan 2012
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 32 (398,614)
Citation 9

Abstract:

39.

Liquidity Mismatch Measurement

Number of pages: 23 Posted: 19 Dec 2014
Markus K. Brunnermeier, Arvind Krishnamurthy and Gary B. Gorton
Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 304 (81,626)
Citation 1

Abstract:

Liquidity, liquidity mismatch

40.

Some Reflections on the Recent Financial Crisis

Downloads 287 ( 87,204)

Some Reflections on the Recent Financial Crisis

Trade, Globalization and Development: Essays in Honor of Kalyan Sanyal, Sugata Marjit and Rajat Acharya, eds., Springer Verlag, Forthcoming
Number of pages: 33 Posted: 29 Aug 2012 Last Revised: 12 Dec 2012
Gary B. Gorton
Yale School of Management
Downloads 276 (90,561)

Abstract:

Financial crisis, Bank runs, Shot-term bank debt

Some Reflections on the Recent Financial Crisis

NBER Working Paper No. w18397
Number of pages: 34 Posted: 15 Sep 2012
Gary B. Gorton
Yale School of Management
Downloads 11 (513,614)

Abstract:

41.

The Federal Reserve and Financial Regulation: The First Hundred Years

Downloads 279 ( 89,922)

The Federal Reserve and Financial Regulation: The First Hundred Years

Number of pages: 33 Posted: 30 Jul 2013
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 234 (107,857)

Abstract:

Federal Reserve, financial regulation, central banking

The Federal Reserve and Financial Regulation: The First Hundred Years

NBER Working Paper No. w19292
Number of pages: 34 Posted: 10 Aug 2013
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 45 (349,744)

Abstract:

42.

Mobile Collateral Versus Immobile Collateral

Downloads 253 ( 99,882)

Mobile Collateral Versus Immobile Collateral

Number of pages: 55 Posted: 03 Aug 2015
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 196 (128,464)

Abstract:

Mobile Collateral Versus Immobile Collateral

BIS Working Paper No. 561
Number of pages: 56 Posted: 07 Jun 2016
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 47 (343,251)

Abstract:

Liquidity regulation, collateral, policy evaluation with economic history

Mobile Collateral Versus Immobile Collateral

NBER Working Paper No. w22619
Number of pages: 55 Posted: 12 Sep 2016
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 10 (519,124)
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Abstract:

43.

Good Booms, Bad Booms

Downloads 243 (104,157)

Good Booms, Bad Booms

Number of pages: 66 Posted: 20 Feb 2014 Last Revised: 07 Sep 2016
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 223 (113,130)

Abstract:

Financial Crises, Credit Booms, Productivity

Good Booms, Bad Booms

NBER Working Paper No. w22008
Number of pages: 58 Posted: 22 Feb 2016
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 20 (461,243)
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Abstract:

44.

The Supply and Demand for Safe Assets

Downloads 239 (105,961)
Citation 1

The Supply and Demand for Safe Assets

Number of pages: 29 Posted: 19 Jan 2013 Last Revised: 17 Aug 2013
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 225 (112,155)
Citation 1

Abstract:

safe assets, Ricardian equivalence, financial crises

The Supply and Demand for Safe Assets

NBER Working Paper No. w18732
Number of pages: 29 Posted: 26 Jan 2013
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 14 (496,236)
Citation 1

Abstract:

45.

Stock Price Manipulation, Market Microstructure and Asymmetric Information

NBER Working Paper No. w3862
Number of pages: 13 Posted: 04 Jul 2004 Last Revised: 23 Jul 2010
Franklin Allen and Gary B. Gorton
Imperial College London and Yale School of Management
Downloads 219 (115,629)
Citation 35

Abstract:

46.

Stress for Success: A Review of Timothy Geithner's Financial Crisis Memoir

Journal of Economic Literature, Forthcoming
Number of pages: 28 Posted: 27 Aug 2014
Gary B. Gorton
Yale School of Management
Downloads 212 (92,901)

Abstract:

Financial Crisis

47.

Too-Big-to-Fail Before the Fed

Downloads 200 (126,304)

Too-Big-to-Fail Before the Fed

Number of pages: 12 Posted: 02 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 162 (153,049)

Abstract:

Financial Crisis, Bank bailouts

Too-Big-To-Fail Before the Fed

FRB of Cleveland Working Paper No. 16-12
Number of pages: 14 Posted: 30 May 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 27 (422,060)

Abstract:

financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

Too-Big-To-Fail Before the Fed

NBER Working Paper No. w22064
Number of pages: 13 Posted: 07 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 11 (513,614)
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Abstract:

48.

Banks and Derivatives

Downloads 182 (137,921)

Banks and Derivatives

NBER Working Paper No. w5100
Number of pages: 49 Posted: 13 Jul 2000
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 182 (137,824)
Citation 15

Abstract:

Banks and Derivatives

Rodney L. White Center for Financial Research Working Paper No. 6-95
Posted: 22 Aug 1998
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Abstract:

49.

An Econometric Chronology of the Financial Crisis of 2007-2008

Number of pages: 38 Posted: 06 Jun 2015
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 162 (50,506)

Abstract:

Financial Crisis

50.

Banks and Loan Sales: Marketing Non-Marketable Assets

NBER Working Paper No. w3551
Number of pages: 42 Posted: 27 Apr 2000
Gary B. Gorton and George Pennacchi
Yale School of Management and University of Illinois
Downloads 159 (145,841)
Citation 131

Abstract:

51.

The Development of Opacity in U.S. Banking

Downloads 158 (156,256)

The Development of Opacity in U.S. Banking

Number of pages: 24 Posted: 10 Oct 2013
Gary B. Gorton
Yale School of Management
Downloads 140 (173,362)

Abstract:

Banking, Opacity

The Development of Opacity in U.S. Banking

NBER Working Paper No. w19540
Number of pages: 25 Posted: 18 Oct 2013
Gary B. Gorton
Yale School of Management
Downloads 18 (472,957)

Abstract:

52.

How Central Banks End Crises

PIER Working Paper No. 14-025
Number of pages: 38 Posted: 03 Sep 2014 Last Revised: 06 Dec 2014
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 151 (102,452)

Abstract:

Central Bank, Discount Window, Financial Crisis, Confidence

53.

Banking Panics and the Origin of Central Banking

NBER Working Paper No. w9137
Number of pages: 44 Posted: 15 Sep 2002
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 150 (142,856)
Citation 37

Abstract:

54.

Banks as Secret Keepers

PIER Working Paper
Number of pages: 52 Posted: 19 Jun 2014 Last Revised: 23 Mar 2016
Tri Vi Dang, Gary B. Gorton, Bengt R. Holmström and Guillermo L. Ordoñez
Columbia University - Department of Economics, Yale School of Management, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 138 (101,616)
Citation 2

Abstract:

Banks vs. Capital Markets, Financial Intermediation, Information and Opacity, Optimal Portfolio, Private Money

55.

Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers

NBER Working Paper No. w7123
Number of pages: 62 Posted: 01 Jun 2006
Matthias Kahl and Gary B. Gorton
University of Colorado at Boulder - Leeds School of Business and Yale School of Management
Downloads 136 (157,951)
Citation 15

Abstract:

56.

Stock Market Efficiency and Economic Efficiency: Is There a Connection?

Downloads 132 (181,266)

Stock Market Efficiency and Economic Efficiency: Is There a Connection?

NBER Working Paper No. w5233
Number of pages: 49 Posted: 01 Jul 2000
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 132 (181,820)
Citation 93

Abstract:

Stock Market Efficiency and Economic Efficiency: Is There a Connection?

Rodney L. White Center for Financial Research Working Paper #16-95
Posted: 14 Sep 1999
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management

Abstract:

57.

Liquidity, Efficiency and Bank Bailouts

NBER Working Paper No. w9158
Number of pages: 45 Posted: 15 Sep 2002
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 118 (197,774)
Citation 46

Abstract:

58.

Class Struggle Inside the Firm: A Study of German Codetermination

NBER Working Paper No. w7945
Number of pages: 82 Posted: 12 Oct 2000
Gary B. Gorton and Frank A. Schmid
Yale School of Management and AIG
Downloads 117 (178,061)
Citation 19

Abstract:

59.

The Design of Bank Loan Contracts, Collateral, and Renegotiation

Downloads 116 (200,255)

The Design of Bank Loan Contracts, Collateral, and Renegotiation

NBER Working Paper No. w4273
Number of pages: 50 Posted: 06 Jul 2004
Gary B. Gorton and James A. Kahn
Yale School of Management and Federal Reserve Bank of New York
Downloads 116 (201,092)
Citation 29

Abstract:

The Design of Bank Loan Contracts, Collateral, and Renegotiation

Rodney L. White Center Working Paper No. 02-96
Posted: 28 Jun 1998
Gary B. Gorton and James A. Kahn
Yale School of Management and Federal Reserve Bank of New York

Abstract:

60.

Bank Capital Regulation in General Equilibrium

Downloads 106 (213,901)

Bank Capital Regulation in General Equilibrium

NBER Working Paper No. w5244
Number of pages: 47 Posted: 13 Jul 2000
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 106 (214,982)
Citation 14

Abstract:

Bank Capital Regulation in General Equilibrium

Posted: 23 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

61.

Getting Up to Speed on the Financial Crisis: A One Weekend Reader’s Guide (Entérese Rápidamente De La Crisis Financiera: Guía Para El Lector De Fin De Semana)

Revista de Economía Institucional Vol. 14, No. 26, 2012,
Number of pages: 32 Posted: 25 Jun 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 95 (173,929)

Abstract:

financial crisis

62.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003
James Dow, Arvind Krishnamurthy and Gary B. Gorton
London Business School - Institute of Finance and Accounting, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 84 (227,424)
Citation 23

Abstract:

63.

Rational Finite Bubbles

NBER Working Paper No. w3707
Number of pages: 42 Posted: 14 Jul 2000
Franklin Allen and Gary B. Gorton
Imperial College London and Yale School of Management
Downloads 84 (229,026)
Citation 6

Abstract:

64.

Arbitrage Chains

Downloads 79 (258,975)

Arbitrage Chains

NBER Working Paper No. w4314
Number of pages: 39 Posted: 28 Dec 2006
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 79 (261,352)
Citation 39

Abstract:

Arbitrage Chains

Posted: 10 Aug 1999
Gary B. Gorton
Yale School of Management

Abstract:

65.

Bank Health Post-Crisis

Downloads 76 (265,086)

Bank Health Post-Crisis

Number of pages: 17 Posted: 11 Feb 2017
Kyriakos Chousakos and Gary B. Gorton
Yale University, School of Management, Students and Yale School of Management
Downloads 62 (299,918)

Abstract:

Bank health, financial crisis

Bank Health Post-Crisis

NBER Working Paper No. w23167
Number of pages: 18 Posted: 13 Feb 2017
Kyriakos Chousakos and Gary B. Gorton
Yale University, School of Management, Students and Yale School of Management
Downloads 14 (496,236)
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Abstract:

66.

How Did Pre-Fed Banking Panics End?

Downloads 76 (265,086)

How Did Pre-Fed Banking Panics End?

FRB of Cleveland Working Paper No. 1603
Number of pages: 93 Posted: 21 Jan 2016
Ellis W. Tallman and Gary B. Gorton
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Yale School of Management
Downloads 67 (287,741)

Abstract:

Financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

How Did Pre-Fed Banking Panics End?

NBER Working Paper No. w22036
Number of pages: 92 Posted: 01 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 9 (524,625)
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Abstract:

67.

Fighting Crises

Downloads 71 (275,538)

Fighting Crises

Number of pages: 38 Posted: 26 Oct 2016
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 62 (299,918)

Abstract:

Financial Crises, Central Banks

Fighting Crises

NBER Working Paper No. w22787
Number of pages: 39 Posted: 31 Oct 2016
Gary B. Gorton and Guillermo L. Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 9 (524,625)
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Abstract:

68.

Corporate Control, Portfolio Choice, and the Decline of Banking

Downloads 68 (282,218)

Corporate Control, Portfolio Choice, and the Decline of Banking

NBER Working Paper No. w4247
Number of pages: 52 Posted: 29 Dec 2006 Last Revised: 14 Aug 2010
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 68 (285,392)
Citation 99

Abstract:

Corporate Control, Portfolio Choice, and the Decline of Banking

JOURNAL OF FINANCE, Vol 50 No 5, December 1995
Posted: 22 Jul 1998
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Abstract:

69.

Reputation Formation in Early Bank Debt Markets

Downloads 59 (303,616)

Reputation Formation in Early Bank Debt Markets

NBER Working Paper No. w4400
Number of pages: 56 Posted: 08 Aug 2007
Gary B. Gorton
Yale School of Management
Downloads 59 (307,704)
Citation 26

Abstract:

Reputation Formation in Early Bank Debt Markets

Rodney L White Center for Financial Working Paper No 13-93
Posted: 13 Sep 1999
Gary B. Gorton
Yale School of Management

Abstract:

70.

Asset Prices When Agents are Marked-to-Market

NBER Working Paper No. w12075
Number of pages: 36 Posted: 10 May 2006
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 56 (293,758)
Citation 8

Abstract:

71.

Optimal Monetary Policy in a Collateralized Economy

Downloads 53 (319,774)

Optimal Monetary Policy in a Collateralized Economy

Number of pages: 45 Posted: 27 Aug 2016
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 37 (378,263)

Abstract:

Optimal Monetary Policy in a Collateralized Economy

NBER Working Paper No. w22599
Number of pages: 46 Posted: 07 Sep 2016
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 16 (484,462)
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Abstract:

72.

The Visible Hand, the Invisible Hand and Efficiency

NBER Working Paper No. w7587
Number of pages: 53 Posted: 11 Jun 2000
Eitan Goldman and Gary B. Gorton
Indiana University - Kelley School of Business - Department of Finance and Yale School of Management
Downloads 52 (298,686)
Citation 2

Abstract:

73.

Executive Compensation and the Optimality of Managerial Entrenchment

Downloads 51 (325,581)

Executive Compensation and the Optimality of Managerial Entrenchment

NBER Working Paper No. w5779
Number of pages: 57 Posted: 14 Jul 2000
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne
Downloads 51 (330,755)
Citation 6

Abstract:

Executive Compensation and the Optimality of Managerial Entrenchment

Rodney L. White Center for Financial Research Working Paper Series # 15-96
Posted: 07 Oct 1996
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne

Abstract:

74.

Universal Banking and the Performance of German Firms

NBER Working Paper No. w5453
Number of pages: 75 Posted: 31 May 2011
Gary B. Gorton and Frank A. Schmid
Yale School of Management and AIG
Downloads 50 (267,179)
Citation 133

Abstract:

75.

Security Baskets and Index-Linked Securities

NBER Working Paper No. w3711
Number of pages: 39 Posted: 24 Aug 2010
Gary B. Gorton and George Pennacchi
Yale School of Management and University of Illinois
Downloads 47 (317,020)
Citation 54

Abstract:

76.

Noise Trading, Delegated Portfolio Management, and Economic Welfare

Downloads 43 (349,953)

Noise Trading, Delegated Portfolio Management, and Economic Welfare

NBER Working Paper No. w4858
Number of pages: 30 Posted: 10 Jul 2007
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 43 (356,509)
Citation 69

Abstract:

Noise Trading, Delegated Portfolio Management, and Economic Welfare

Working Paper No. 19-94
Posted: 03 Nov 1998
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting

Abstract:

77.

The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change

NBER Working Paper No. w3645
Number of pages: 62 Posted: 07 Jan 2008
Gary B. Gorton
Yale School of Management
Downloads 38 (359,775)

Abstract:

78.

Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing

NBER Working Paper No. w4315
Number of pages: 61 Posted: 10 Jul 2007
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 38 (343,578)
Citation 9

Abstract:

79.

Trading, Communication and the Response of Price to New Information

NBER Working Paper No. w3687
Number of pages: 32 Posted: 10 Aug 2010
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting
Downloads 33 (385,286)

Abstract:

80.

Banks as Secret Keepers

NBER Working Paper No. w20255
Posted: 30 Jun 2014
Tri Vi Dang, Gary B. Gorton, Bengt R. Holmström and Guillermo L. Ordoñez
Columbia University - Department of Economics, Yale School of Management, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 12 (487,614)
Citation 2

Abstract:

81.

The Design of Bank Loan Contracts

Review of Financial Studies, Vol. 13, No. 2
Posted: 26 Jan 2000
Gary B. Gorton and James A. Kahn
Yale School of Management and Federal Reserve Bank of New York

Abstract:

82.

Banking in Transition Economies: Does Efficiency Require Instability?

Journal of Money, Credit, and Banking, Vol. 30, No. 3, Part 2 (August 1998)
Posted: 25 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

83.

Reputation Formation in Early Bank Note Markets

J. OF POLITICAL ECONOMY, Vol. 104 No. 2, April 1996
Posted: 27 Jun 1998
Gary B. Gorton
Yale School of Management

Abstract:

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