Author Page for Gary B. Gorton

1.

Facts and Fantasies About Commodity Futures

Downloads 28,573 ( 91)

Citation 110

3

Facts and Fantasies About Commodity Futures

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 27,756 (91)

Citation 16

Abstract:

Facts and Fantasies About Commodity Futures

NBER Working Paper No. w10595

Number of pages: 41 Posted: 25 May 2006 Last Revised: 14 Jun 2021

Gary B. Gorton and K. Geert Rouwenhorst

Yale School of Management and Yale School of Management - International Center for Finance

Downloads 817 (37,182)

Citation 48

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:

2.

The Fundamentals of Commodity Futures Returns

Downloads 14,906 ( 292)

Citation 160

2

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 14,586 (296)

Citation 34

Abstract:

The Fundamentals of Commodity Futures Returns

NBER Working Paper No. w13249

Number of pages: 63 Posted: 13 Jul 2007 Last Revised: 15 Sep 2021

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 320 (118,960)

Citation 58

Abstract:

3.

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 13,140 (372)

Citation 167

Abstract:

4.

Taming Wildcat Stablecoins

Number of pages: 53 Posted: 19 Jul 2021 Last Revised: 01 Oct 2021

Gary B. Gorton and Jeffery Zhang

Yale School of Management and Board of Governors of the Federal Reserve System

Downloads 12,655 (403)

Citation 3

Abstract:

5.

Securitized Banking and the Run on Repo

Downloads 12,336 ( 422)

Citation 627

2

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 11,981 (439)

Citation 121

Abstract:

Securitized Banking and the Run on Repo

NBER Working Paper No. w15223

Number of pages: 54 Posted: 18 Aug 2009 Last Revised: 07 Aug 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and Yale School of Management

Downloads 355 (105,979)

Citation 93

Abstract:

6.

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 10,639 (565)

Citation 54

Abstract:

7.

Special Purpose Vehicles and Securitization

Downloads 6,932 ( 1,201)

Citation 64

3

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21

Number of pages: 63 Posted: 04 May 2005 Last Revised: 22 Nov 2019

Gary B. Gorton and Nicholas S. Souleles

Yale School of Management and University of Pennsylvania - Finance Department

Downloads 6,610 (1,294)

Citation 17

Abstract:

Special Purpose Vehicles and Securitization

NBER Working Paper No. w11190

Number of pages: 64 Posted: 08 Apr 2005 Last Revised: 31 Jul 2021

Gary B. Gorton and Nicholas S. Souleles

Yale School of Management and University of Pennsylvania - Finance Department

Downloads 312 (122,223)

Citation 5

Abstract:

Special Purpose Vehicles and Securitization

FRB of Philadelphia Working Paper No. 05-21

Number of pages: 64 Posted: 12 Jul 2021 Last Revised: 11 Jul 2021

Gary B. Gorton and Nicholas S. Souleles

Yale School of Management and affiliation not provided to SSRN

Downloads 10 (754,319)

Abstract:

8.

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 5,903 (1,553)

Citation 5

Abstract:

The Subprime Panic

NBER Working Paper No. w14398

Number of pages: 40 Posted: 10 Oct 2008 Last Revised: 14 Oct 2008

Gary B. Gorton

Yale School of Management

Downloads 359 (104,626)

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 9 (754,319)

Citation 33

Add to Cart

Abstract:

9.

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 4,734 (2,271)

Citation 4

Abstract:

The Panic of 2007

NBER Working Paper No. w14358

Number of pages: 93 Posted: 23 Sep 2008 Last Revised: 26 Sep 2021

Gary B. Gorton

Yale School of Management

Downloads 274 (140,246)

Citation 5

Abstract:

10.

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

Downloads 4,959 ( 2,107)

Citation 29

2

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 4,545 (2,439)

Citation 7

Abstract:

Getting Up to Speed on the Financial Crisis: a One-Weekend-Reader&Apos;S Guide

NBER Working Paper No. w17778

Number of pages: 34 Posted: 21 Jan 2012 Last Revised: 31 Jul 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and Yale School of Management

Downloads 414 (88,731)

Citation 3

Abstract:

11.

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 4,594 (2,395)

Citation 10

Abstract:

Haircuts

NBER Working Paper No. w15273

Number of pages: 17 Posted: 25 Aug 2009 Last Revised: 26 Sep 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and Yale School of Management

Downloads 173 (217,171)

Abstract:

Haircuts

Number of pages: 14 Posted: 12 Jul 2021 Last Revised: 11 Jul 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and affiliation not provided to SSRN

Downloads 4 (796,881)

Citation 1

Abstract:

12.

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

Downloads 4,446 ( 2,581)

Citation 54

2

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

Number of pages: 13 Posted: 10 Jan 2009

Gary B. Gorton

Yale School of Management

Downloads 4,273 (2,724)

Citation 58

Abstract:

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

NBER Working Paper No. w14649

Number of pages: 14 Posted: 19 Jan 2009 Last Revised: 12 Jul 2021

Gary B. Gorton

Yale School of Management

Downloads 173 (217,171)

Abstract:

13.

Facts and Fantasies About Commodity Futures Ten Years Later

Downloads 4,138 ( 2,923)

Citation 128

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 4,090 (2,942)

Citation 26

Abstract:

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 48 (496,315)

Citation 67

Abstract:

14.

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

Downloads 3,942 ( 3,188)

Citation 19

2

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 3,855 (3,240)

Citation 8

Abstract:

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 Last Revised: 31 May 2021

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 87 (362,752)

Citation 2

Abstract:

15.

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

Downloads 3,580 ( 3,747)

Citation 28

3

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

FRB of Chicago Working Paper No. WP-06-14

Posted: 12 Jul 2021 Last Revised: 11 Jul 2021

Gary B. Gorton, Matthias Kahl and Richard J. Rosen

Yale School of Management, affiliation not provided to SSRN and Federal Reserve Bank of Chicago - Economic Research

Abstract:

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 California, Los Angeles (UCLA) - Anderson School of Management and Federal Reserve Bank of Chicago - Economic Research

Downloads 3,407 (4,004)

Citation 21

Abstract:

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 2021

Gary B. Gorton, Matthias Kahl and Richard J. Rosen

Yale School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management and Federal Reserve Bank of Chicago - Economic Research

Downloads 173 (217,171)

Citation 1

Abstract:

16.

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

Downloads 2,871 ( 5,474)

Citation 14

2

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 2,703 (5,938)

Citation 17

Abstract:

Questions and Answers About the Financial Crisis

NBER Working Paper No. w15787

Number of pages: 18 Posted: 01 Mar 2010 Last Revised: 22 Aug 2021

Gary B. Gorton

Yale School of Management

Downloads 168 (222,808)

Abstract:

17.

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 2,809 (5,674)

Citation 82

Abstract:

18.

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 1,931 (10,223)

Citation 4

Abstract:

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 119 (293,668)

Citation 7

Abstract:

19.

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

Downloads 1,982 ( 10,002)

Citation 47

2

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, Armando R. Gomes, Gary B. Gorton and Leonardo Madureira

Washington University in St. Louis - John M. Olin Business SchoolWashington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management

Downloads 1,873 (10,751)

Citation 2

Abstract:

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

NBER Working Paper No. w10567

Number of pages: 78 Posted: 04 Jul 2004 Last Revised: 17 May 2021

Armando R. Gomes, Armando R. Gomes, Gary B. Gorton and Leonardo Madureira

Washington University in St. Louis - John M. Olin Business SchoolWashington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management

Downloads 109 (312,623)

Citation 6

Abstract:

20.

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 1,627 (13,691)

Abstract:

21.

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 1,582 (14,306)

Abstract:

22.

Bank Credit Cycles

Downloads 1,520 ( 15,243)

Citation 51

2

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 1,434 (16,416)

Citation 5

Abstract:

Bank Credit Cycles

NBER Working Paper No. w11363

Number of pages: 47 Posted: 23 Jun 2005 Last Revised: 21 Jul 2021

Gary B. Gorton and Ping He

Yale School of Management and Tsinghua University, SEM

Downloads 86 (365,406)

Citation 26

Abstract:

23.

Noise Traders

Downloads 1,415 ( 17,068)

Citation 9

2

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 1,254 (20,105)

Abstract:

Noise Traders

NBER Working Paper No. w12256

Number of pages: 10 Posted: 01 Jun 2006 Last Revised: 28 Jun 2021

James Dow and Gary B. Gorton

London Business School - Institute of Finance and Accounting and Yale School of Management

Downloads 161 (231,036)

Citation 2

Abstract:

24.

The History and Economics of Safe Assets

Downloads 1,396 ( 17,409)

Citation 47

3

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 1,344 (18,086)

Citation 3

Abstract:

The History and Economics of Safe Assets

NBER Working Paper No. w22210

Number of pages: 55 Posted: 02 May 2016 Last Revised: 09 Sep 2021

Gary B. Gorton

Yale School of Management

Downloads 52 (479,098)

Citation 25

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.

Commodity Futures: A Japanese Perspective

Downloads 1,269 ( 20,067)

2

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 722 (44,020)

Abstract:

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 547 (63,230)

Citation 4

Abstract:

26.

Financial Intermediation

NBER Working Paper No. w8928

Number of pages: 140 Posted: 09 May 2002 Last Revised: 26 May 2021

Gary B. Gorton and Andrew Winton

Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Downloads 1,008 (28,152)

Citation 19

Abstract:

27.

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

Downloads 898 ( 33,151)

Citation 2

2

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

Number of pages: 49 Posted: 27 Apr 2009 Last Revised: 29 May 2019

Lixin Huang, Qiang Kang and Gary B. Gorton

Georgia State University, Florida International University (FIU) - Department of Finance and Yale School of Management

Downloads 835 (36,100)

Citation 2

Abstract:

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

NBER Working Paper No. w14944

Number of pages: 55 Posted: 12 May 2009 Last Revised: 14 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 63 (436,487)

Abstract:

28.

Agency-Based Asset Pricing

Downloads 777 ( 40,478)

Citation 5

2

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 730 (43,391)

Citation 4

Abstract:

Agency-Based Asset Pricing

NBER Working Paper No. w12084

Number of pages: 49 Posted: 11 May 2006 Last Revised: 10 Jul 2021

Gary B. Gorton and Ping He

Yale School of Management and Tsinghua University, SEM

Downloads 47 (500,957)

Abstract:

29.

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 769 (41,007)

Citation 29

Abstract:

30.

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 754 (42,105)

Abstract:

31.

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 704 (46,205)

Citation 6

Abstract:

32.

The Safe-Asset Share

Downloads 673 ( 49,098)

Citation 89

2

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, Pennsylvania State University - Department of Finance and Yale School of Management

Downloads 580 (58,720)

Citation 1

Abstract:

The Safe-Asset Share

NBER Working Paper No. w17777

Number of pages: 17 Posted: 21 Jan 2012 Last Revised: 30 Jul 2021

Gary B. Gorton, Stefan Lewellen and Andrew Metrick

Yale School of Management, Pennsylvania State University - Department of Finance and Yale School of Management

Downloads 93 (347,670)

Citation 43

Abstract:

33.

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 617 (54,998)

Abstract:

34.

Blockholder Scarcity, Takeovers, and Ownership Structures

Number of pages: 61 Posted: 13 Sep 2005

Matthias Kahl and Gary B. Gorton

University of California, Los Angeles (UCLA) - Anderson School of Management and Yale School of Management

Downloads 602 (56,670)

Citation 1

Abstract:

35.

Bank Panics and the Endogeneity of Central Banking

Downloads 560 ( 62,072)

Citation 17

2

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 516 (68,039)

Abstract:

Bank Panics and the Endogeneity of Central Banking

NBER Working Paper No. w9102

Number of pages: 50 Posted: 16 Aug 2002 Last Revised: 30 Aug 2002

Gary B. Gorton and Lixin Huang

Yale School of Management and Georgia State University

Downloads 44 (515,113)

Citation 3

Abstract:

36.

Who Ran on Repo?

Downloads 537 ( 65,401)

Citation 7

2

Who Ran on Repo?

Number of pages: 19 Posted: 05 Oct 2012 Last Revised: 22 May 2020

Gary B. Gorton, Andrew Metrick and Chase P. Ross

Yale School of Management, Yale School of Management and Board of Governors of the Federal Reserve System

Downloads 481 (74,241)

Citation 1

Abstract:

Who Ran on Repo?

NBER Working Paper No. w18455

Number of pages: 20 Posted: 13 Oct 2012 Last Revised: 06 Jun 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and Yale School of Management

Downloads 56 (462,968)

Citation 2

Abstract:

37.

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 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 500 (71,592)

Abstract:

38.

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 481 (74,991)

Citation 1

Abstract:

39.

The Information View of Financial Crises

Downloads 474 ( 76,360)

Citation 12

2

The Information View of Financial Crises

Yale ICF Working Paper No. 2019-15

Number of pages: 39 Posted: 10 Jul 2019 Last Revised: 02 Aug 2019

Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström

Columbia University - Department of Economics, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics

Downloads 453 (79,838)

Abstract:

The Information View of Financial Crises

NBER Working Paper No. w26074

Number of pages: 40 Posted: 23 Jul 2019 Last Revised: 07 Oct 2021

Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström

Columbia University - Department of Economics, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics

Downloads 21 (655,651)

Citation 11

Abstract:

40.

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 464 (78,259)

Abstract:

41.

The Flight from Maturity

Downloads 419 ( 88,286)

Citation 3

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 378 (98,634)

Citation 1

Abstract:

The Flight from Maturity

NBER Working Paper No. w20027

Number of pages: 82 Posted: 14 Apr 2014 Last Revised: 22 Sep 2021

Gary B. Gorton, Andrew Metrick and Lei Xie

Yale School of Management, Yale School of Management and AQR Capital Management, LLC

Downloads 41 (529,738)

Citation 1

Abstract:

42.

Mobile Collateral Versus Immobile Collateral

Downloads 405 ( 91,842)

Citation 9

3

Mobile Collateral Versus Immobile Collateral

Number of pages: 36 Posted: 03 Aug 2015 Last Revised: 18 May 2020

Gary B. Gorton, Toomas Laarits and Tyler Muir

Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 320 (118,960)

Citation 3

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 63 (436,487)

Citation 1

Abstract:

Mobile Collateral Versus Immobile Collateral

NBER Working Paper No. w22619

Number of pages: 55 Posted: 12 Sep 2016 Last Revised: 22 Oct 2021

Gary B. Gorton and Tyler Muir

Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 22 (647,992)

Citation 5

Abstract:

43.

The Orkney Slew and Central Bank Digital Currencies

Number of pages: 41 Posted: 07 Oct 2021

Gary B. Gorton

Yale School of Management

Downloads 403 (93,177)

Abstract:

44.

Collateral Crises

Downloads 361 (104,751)

Citation 92

2

Collateral Crises

Number of pages: 52 Posted: 14 Jan 2012 Last Revised: 18 Mar 2013

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 325 (116,999)

Citation 38

Abstract:

Collateral Crises

NBER Working Paper No. w17771

Number of pages: 46 Posted: 21 Jan 2012 Last Revised: 24 Jul 2021

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 36 (556,098)

Citation 20

Abstract:

45.

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 358 (106,078)

Citation 20

Abstract:

46.

Financial Crises

Downloads 357 (106,078)

Citation 2

2

Financial Crises

Yale ICF Working Paper No. 2018-11

Number of pages: 22 Posted: 11 May 2018

Gary B. Gorton

Yale School of Management

Downloads 357 (105,296)

Citation 2

Abstract:

Financial Crises

Annual Review of Financial Economics, Vol. 10, pp. 43-58, 2018

Posted: 08 Nov 2018

Gary B. Gorton

Yale School of Management

Abstract:

47.

Good Booms, Bad Booms

Downloads 344 (110,541)

Citation 23

2

Good Booms, Bad Booms

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper

Number of pages: 64 Posted: 20 Feb 2014 Last Revised: 18 Sep 2020

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 273 (140,735)

Citation 11

Abstract:

Good Booms, Bad Booms

NBER Working Paper No. w22008

Number of pages: 58 Posted: 22 Feb 2016 Last Revised: 21 Aug 2021

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 71 (409,301)

Citation 9

Abstract:

48.

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 336 (113,498)

Citation 12

Abstract:

49.

Some Reflections on the Recent Financial Crisis

Downloads 332 (114,980)

Citation 5

2

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 303 (126,177)

Abstract:

Some Reflections on the Recent Financial Crisis

NBER Working Paper No. w18397

Number of pages: 34 Posted: 15 Sep 2012 Last Revised: 09 Oct 2021

Gary B. Gorton

Yale School of Management

Downloads 29 (597,897)

Citation 2

Abstract:

50.

The Federal Reserve and Financial Regulation: The First Hundred Years

Downloads 330 (115,730)

Citation 3

2

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 256 (150,331)

Abstract:

The Federal Reserve and Financial Regulation: The First Hundred Years

NBER Working Paper No. w19292

Number of pages: 34 Posted: 10 Aug 2013 Last Revised: 19 Sep 2021

Gary B. Gorton and Andrew Metrick

Yale School of Management and Yale School of Management

Downloads 74 (399,796)

Abstract:

51.

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 2021

Franklin Allen and Gary B. Gorton

Imperial College London and Yale School of Management

Downloads 315 (121,729)

Citation 7

Abstract:

52.

The Supply and Demand for Safe Assets

Downloads 290 (132,914)

Citation 13

2

The Supply and Demand for Safe Assets

Number of pages: 35 Posted: 19 Jan 2013 Last Revised: 12 Aug 2021

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 269 (143,024)

Citation 2

Abstract:

The Supply and Demand for Safe Assets

NBER Working Paper No. w18732

Number of pages: 37 Posted: 26 Jan 2013 Last Revised: 08 Sep 2021

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 21 (655,651)

Citation 4

Abstract:

53.

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 Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 289 (133,395)

Citation 4

Abstract:

54.

Too-Big-to-Fail Before the Fed

Downloads 284 (135,815)

Citation 5

3

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 224 (171,400)

Abstract:

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 42 (524,739)

Citation 2

Abstract:

Too-Big-To-Fail Before the Fed

NBER Working Paper No. w22064

Number of pages: 13 Posted: 07 Mar 2016 Last Revised: 16 Oct 2021

Gary B. Gorton and Ellis W. Tallman

Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland

Downloads 18 (679,144)

Citation 3

Abstract:

55.

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 243 (158,858)

Citation 1

Abstract:

56.

The Run on Repo and the Fed's Response

Downloads 228 (168,908)

Citation 5

2

The Run on Repo and the Fed's Response

Yale ICF Working Paper No. 2018-14

Number of pages: 35 Posted: 08 Aug 2018 Last Revised: 29 Aug 2019

Gary B. Gorton, Toomas Laarits and Andrew Metrick

Yale School of Management, New York University (NYU) - Department of Finance and Yale School of Management

Downloads 197 (193,528)

Citation 3

Abstract:

The Run on Repo and the Fed&Apos;S Response

NBER Working Paper No. w24866

Number of pages: 18 Posted: 01 Aug 2018 Last Revised: 12 Jun 2021

Gary B. Gorton, Toomas Laarits and Andrew Metrick

Yale School of Management, New York University (NYU) - Department of Finance and Yale School of Management

Downloads 31 (585,195)

Citation 1

Abstract:

57.

Collateral Damage

Downloads 227 (169,622)

Citation 3

2

Collateral Damage

Yale ICF Working Paper No. 2018-04

Number of pages: 13 Posted: 10 Feb 2018

Gary B. Gorton and Toomas Laarits

Yale School of Management and New York University (NYU) - Department of Finance

Downloads 213 (179,905)

Abstract:

Collateral Damage

NBER Working Paper No. w24298

Number of pages: 14 Posted: 25 May 2018 Last Revised: 07 Jun 2018

Gary B. Gorton and Toomas Laarits

Yale School of Management and New York University (NYU) - Department of Finance

Downloads 14 (711,602)

Citation 2

Abstract:

58.

Bank Health Post-Crisis

Downloads 226 (170,358)

Citation 3

2

Bank Health Post-Crisis

Number of pages: 17 Posted: 11 Feb 2017

Kyriakos Chousakos and Gary B. Gorton

Bank of America and Yale School of Management

Downloads 205 (186,470)

Abstract:

Bank Health Post-Crisis

NBER Working Paper No. w23167

Number of pages: 18 Posted: 13 Feb 2017 Last Revised: 21 Oct 2021

Kyriakos Chousakos and Gary B. Gorton

Bank of America and Yale School of Management

Downloads 21 (655,651)

Citation 2

Abstract:

59.

Corporate Culture

Downloads 224 (173,319)

2

Corporate Culture

Number of pages: 41 Posted: 24 Sep 2021 Last Revised: 21 Oct 2021

Gary B. Gorton, Jillian Grennan and Alexander Zentefis

Yale School of Management, Duke University - Fuqua School of Business and Yale School of Management

Downloads 211 (183,193)

Abstract:

Corporate Culture

NBER Working Paper No. w29322

Number of pages: 54 Posted: 07 Oct 2021 Last Revised: 11 Oct 2021

Gary B. Gorton, Jillian Grennan and Alexander Zentefis

Yale School of Management, Duke University - Fuqua School of Business and Yale School of Management

Downloads 13 (720,090)

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Abstract:

60.

Banks as Secret Keepers

NBER Working Paper No. w20255

Number of pages: 53 Posted: 30 Jun 2014 Last Revised: 07 May 2021

Tri Vi Dang, Gary B. Gorton, Bengt R. Holmström and Guillermo 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 215 (178,627)

Citation 49

Abstract:

61.

Banks and Derivatives

Downloads 212 (180,953)

2

Banks and Derivatives

NBER Working Paper No. w5100

Number of pages: 49 Posted: 13 Jul 2000 Last Revised: 10 Jun 2021

Gary B. Gorton and Richard J. Rosen

Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Downloads 212 (180,677)

Citation 1

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:

62.

Banking Panics and the Origin of Central Banking

NBER Working Paper No. w9137

Number of pages: 44 Posted: 15 Sep 2002 Last Revised: 23 Oct 2009

Gary B. Gorton and Lixin Huang

Yale School of Management and Georgia State University

Downloads 205 (186,672)

Citation 10

Abstract:

63.

Banks and Loan Sales: Marketing Non-Marketable Assets

NBER Working Paper No. w3551

Number of pages: 42 Posted: 27 Apr 2000 Last Revised: 16 Sep 2021

Gary B. Gorton and George Pennacchi

Yale School of Management and University of Illinois

Downloads 205 (186,672)

Citation 29

Abstract:

64.

The Development of Opacity in U.S. Banking

Downloads 177 (212,839)

Citation 15

2

The Development of Opacity in U.S. Banking

Number of pages: 24 Posted: 10 Oct 2013

Gary B. Gorton

Yale School of Management

Downloads 153 (241,256)

Abstract:

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 24 (632,961)

Citation 3

Abstract:

65.

Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers

NBER Working Paper No. w7123

Number of pages: 62 Posted: 01 Jun 2006 Last Revised: 20 Jun 2021

Matthias Kahl and Gary B. Gorton

University of California, Los Angeles (UCLA) - Anderson School of Management and Yale School of Management

Downloads 174 (217,045)

Abstract:

66.

Class Struggle Inside the Firm: A Study of German Codetermination

Downloads 162 (229,485)

2

Class Struggle Inside the Firm: A Study of German Codetermination

Posted: 12 Jul 2021 Last Revised: 11 Jul 2021

Gary B. Gorton and Frank A. Schmid

Yale School of Management and affiliation not provided to SSRN

Abstract:

Class Struggle Inside the Firm: A Study of German Codetermination

NBER Working Paper No. w7945

Number of pages: 82 Posted: 12 Oct 2000 Last Revised: 18 Sep 2021

Gary B. Gorton and Frank A. Schmid

Yale School of Management and General Reinsurance Corporation

Downloads 162 (229,839)

Citation 2

Abstract:

67.

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

Downloads 160 (231,919)

2

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

NBER Working Paper No. w5233

Number of pages: 49 Posted: 01 Jul 2000 Last Revised: 21 Oct 2021

James Dow and Gary B. Gorton

London Business School - Institute of Finance and Accounting and Yale School of Management

Downloads 160 (232,311)

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:

68.

1930: First Modern Crisis

Downloads 157 (235,738)

Citation 1

2

1930: First Modern Crisis

Yale ICF Working Paper No. 2018-24

Number of pages: 34 Posted: 08 Jan 2019 Last Revised: 27 Aug 2019

Gary B. Gorton, Toomas Laarits and Tyler Muir

Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 146 (250,815)

Abstract:

1930: First Modern Crisis

NBER Working Paper No. w25452

Number of pages: 32 Posted: 15 Jan 2019

Gary B. Gorton, Toomas Laarits and Tyler Muir

Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management

Downloads 11 (737,126)

Citation 2

Add to Cart

Abstract:

69.

How Did Pre-Fed Banking Panics End?

Downloads 140 (258,619)

Citation 2

2

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 98 (336,073)

Citation 1

Abstract:

How Did Pre-Fed Banking Panics End?

NBER Working Paper No. w22036

Number of pages: 92 Posted: 01 Mar 2016 Last Revised: 18 Sep 2021

Gary B. Gorton and Ellis W. Tallman

Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland

Downloads 42 (524,739)

Abstract:

70.

Liquidity, Efficiency and Bank Bailouts

NBER Working Paper No. w9158

Number of pages: 45 Posted: 15 Sep 2002 Last Revised: 28 Oct 2010

Gary B. Gorton and Lixin Huang

Yale School of Management and Georgia State University

Downloads 139 (260,096)

Citation 5

Abstract:

71.

Bank Capital Regulation in General Equilibrium

Downloads 138 (261,535)

2

Bank Capital Regulation in General Equilibrium

NBER Working Paper No. w5244

Number of pages: 47 Posted: 13 Jul 2000 Last Revised: 02 May 2021

Gary B. Gorton and Andrew Winton

Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Downloads 138 (262,420)

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:

72.

The Design of Bank Loan Contracts, Collateral, and Renegotiation

Downloads 133 (269,117)

2

The Design of Bank Loan Contracts, Collateral, and Renegotiation

NBER Working Paper No. w4273

Number of pages: 50 Posted: 06 Jul 2004 Last Revised: 07 Mar 2021

Gary B. Gorton and James A. Kahn

Yale School of Management and Yeshiva University

Downloads 133 (270,111)

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 Yeshiva University

Abstract:

73.

The Regulation of Private Money

Downloads 123 (285,362)

2

The Regulation of Private Money

Forthcoming in Journal of Money, Credit and Banking., Yale ICF Working Paper No. 2019-12

Number of pages: 25 Posted: 07 Jun 2019

Gary B. Gorton

Yale School of Management

Downloads 106 (318,826)

Abstract:

The Regulation of Private Money

NBER Working Paper No. w25891

Number of pages: 26 Posted: 05 Jun 2019 Last Revised: 07 Oct 2021

Gary B. Gorton

Yale School of Management

Downloads 17 (686,993)

Abstract:

74.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758

Number of pages: 37 Posted: 08 Jun 2003 Last Revised: 01 Sep 2021

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 116 (297,455)

Citation 4

Abstract:

75.

Corporate Culture as a Theory of the Firm

Downloads 109 (310,829)

2

Corporate Culture as a Theory of the Firm

Number of pages: 67 Posted: 25 Jun 2020

Gary B. Gorton and Alexander Zentefis

Yale School of Management and Yale School of Management

Downloads 96 (340,722)

Abstract:

Corporate Culture as a Theory of the Firm

NBER Working Paper No. w27353

Number of pages: 68 Posted: 15 Jun 2020 Last Revised: 27 Sep 2021

Gary B. Gorton and Alexander Zentefis

Yale School of Management and Yale School of Management

Downloads 13 (720,090)

Add to Cart

Abstract:

76.

Rational Finite Bubbles

NBER Working Paper No. w3707

Number of pages: 42 Posted: 14 Jul 2000 Last Revised: 20 Aug 2021

Franklin Allen and Gary B. Gorton

Imperial College London and Yale School of Management

Downloads 109 (310,829)

Abstract:

77.

Social Progress and Corporate Culture

Downloads 102 (327,198)

Citation 3

2

Social Progress and Corporate Culture

Yale ICF Working Paper No. 2019-01

Number of pages: 62 Posted: 27 Jan 2019

Gary B. Gorton and Alex Zentefis

Yale School of Management and Yale School of Management

Downloads 86 (368,158)

Abstract:

Social Progress and Corporate Culture

NBER Working Paper No. w25484

Number of pages: 63 Posted: 30 Jan 2019 Last Revised: 20 Aug 2021

Gary B. Gorton and Alexander Zentefis

Yale School of Management and Yale School of Management

Downloads 16 (694,949)

Citation 3

Abstract:

78.

Arbitrage Chains

Downloads 90 (352,171)

2

Arbitrage Chains

NBER Working Paper No. w4314

Number of pages: 39 Posted: 28 Dec 2006 Last Revised: 17 Oct 2021

James Dow and Gary B. Gorton

London Business School - Institute of Finance and Accounting and Yale School of Management

Downloads 90 (355,103)

Citation 3

Abstract:

Arbitrage Chains

Posted: 10 Aug 1999

Gary B. Gorton

Yale School of Management

Abstract:

79.

Fighting Crises

Downloads 88 (357,094)

Citation 2

2

Fighting Crises

Number of pages: 38 Posted: 26 Oct 2016

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 72 (406,104)

Abstract:

Fighting Crises

NBER Working Paper No. w22787

Number of pages: 39 Posted: 31 Oct 2016 Last Revised: 07 Oct 2021

Gary B. Gorton and Guillermo Ordoñez

Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 16 (694,949)

Citation 2

Abstract:

80.

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 General Reinsurance Corporation

Downloads 88 (357,094)

Citation 9

Abstract:

81.

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

Downloads 85 (367,436)

3

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

Number of pages: 71 Posted: 21 Dec 2020 Last Revised: 12 Oct 2021

Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani

Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System

Downloads 54 (474,946)

Abstract:

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

FEDS Working Paper No. 2020-88, Yale Program on Financial Stability Working Paper

Number of pages: 60 Posted: 27 Oct 2020 Last Revised: 04 Nov 2020

Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani

Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System

Downloads 28 (604,588)

Abstract:

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

NBER Working Paper No. w28016

Number of pages: 60 Posted: 02 Nov 2020 Last Revised: 21 Jul 2021

Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani

Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System

Downloads 3 (805,671)

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Abstract:

82.

Private Money Production without Banks

Downloads 84 (367,436)

2

Private Money Production without Banks

Number of pages: 68 Posted: 30 Jan 2020

Gary B. Gorton

Yale School of Management

Downloads 74 (399,796)

Abstract:

Private Money Production Without Banks

NBER Working Paper No. w26663

Number of pages: 69 Posted: 22 Jan 2020

Gary B. Gorton

Yale School of Management

Downloads 10 (745,683)

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Abstract:

83.

Corporate Control, Portfolio Choice, and the Decline of Banking

Downloads 83 (370,031)

2

Corporate Control, Portfolio Choice, and the Decline of Banking

NBER Working Paper No. w4247

Number of pages: 52 Posted: 29 Dec 2006 Last Revised: 11 Aug 2021

Gary B. Gorton and Richard J. Rosen

Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Downloads 83 (373,535)

Citation 3

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:

84.

Optimal Monetary Policy in a Collateralized Economy

Downloads 77 (386,650)

Citation 2

2

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 53 (474,946)

Abstract:

Optimal Monetary Policy in a Collateralized Economy

NBER Working Paper No. w22599

Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 07 Oct 2021

Gary B. Gorton and Ping He

Yale School of Management and Tsinghua University, SEM

Downloads 24 (632,961)

Citation 1

Abstract:

85.

Investor Interest and the Returns to Commodity Investing

Forthcoming, Journal of Portfolio Management

Number of pages: 20 Posted: 14 Oct 2019

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 76 (389,532)

Citation 3

Abstract:

86.

Reputation Formation in Early Bank Debt Markets

Downloads 75 (392,434)

Citation 1

2

Reputation Formation in Early Bank Debt Markets

NBER Working Paper No. w4400

Number of pages: 56 Posted: 08 Aug 2007 Last Revised: 20 Jul 2010

Gary B. Gorton

Yale School of Management

Downloads 75 (396,735)

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:

87.

Security Baskets and Index-Linked Securities

NBER Working Paper No. w3711

Number of pages: 39 Posted: 24 Aug 2010 Last Revised: 23 Aug 2021

Gary B. Gorton and George Pennacchi

Yale School of Management and University of Illinois

Downloads 71 (404,542)

Citation 1

Abstract:

88.

Asset Prices When Agents are Marked-to-Market

NBER Working Paper No. w12075

Number of pages: 36 Posted: 10 May 2006 Last Revised: 01 Jul 2021

Gary B. Gorton, Ping He and Lixin Huang

Yale School of Management, Tsinghua University, SEM and Georgia State University

Downloads 69 (410,782)

Abstract:

89.

The Visible Hand, the Invisible Hand and Efficiency

NBER Working Paper No. w7587

Number of pages: 53 Posted: 11 Jun 2000 Last Revised: 26 Sep 2021

Eitan Goldman and Gary B. Gorton

Indiana University - Kelley School of Business - Department of Finance and Yale School of Management

Downloads 65 (423,914)

Abstract:

90.

Executive Compensation and the Optimality of Managerial Entrenchment

Downloads 58 (448,495)

2

Executive Compensation and the Optimality of Managerial Entrenchment

NBER Working Paper No. w5779

Number of pages: 57 Posted: 14 Jul 2000 Last Revised: 18 Apr 2021

Gary B. Gorton and Bruce D. Grundy

Yale School of Management and University of Melbourne

Downloads 58 (455,178)

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:

91.

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 Last Revised: 18 Apr 2021

James Dow and Gary B. Gorton

London Business School - Institute of Finance and Accounting and Yale School of Management

Downloads 55 (459,625)

Citation 2

Abstract:

92.

Noise Trading, Delegated Portfolio Management, and Economic Welfare

Downloads 55 (459,625)

Citation 5

2

Noise Trading, Delegated Portfolio Management, and Economic Welfare

NBER Working Paper No. w4858

Number of pages: 30 Posted: 10 Jul 2007 Last Revised: 11 Oct 2021

James Dow and Gary B. Gorton

London Business School - Institute of Finance and Accounting and Yale School of Management

Downloads 55 (466,925)

Citation 5

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:

93.

The Macroprudential Role of Stock Markets

Number of pages: 44 Posted: 12 May 2020

Kyriakos Chousakos, Gary B. Gorton and Guillermo Ordoñez

Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 52 (471,210)

Abstract:

94.

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

NBER Working Paper No. w3645

Number of pages: 62 Posted: 07 Jan 2008 Last Revised: 19 Jun 2021

Gary B. Gorton

Yale School of Management

Downloads 48 (487,563)

Abstract:

95.

Economic Growth and Bank Innovation

Downloads 43 (514,299)

2

Economic Growth and Bank Innovation

Number of pages: 45 Posted: 28 Sep 2021

Gary B. Gorton and Ping He

Yale School of Management and Tsinghua University, SEM

Downloads 38 (550,549)

Abstract:

Economic Growth and Bank Innovation

NBER Working Paper No. w29326

Number of pages: 46 Posted: 07 Oct 2021 Last Revised: 11 Oct 2021

Gary B. Gorton and Ping He

Yale School of Management and Tsinghua University, SEM

Downloads 5 (788,447)

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Abstract:

96.

Trading, Communication and the Response of Price to New Information

NBER Working Paper No. w3687

Number of pages: 32 Posted: 10 Aug 2010 Last Revised: 31 Jul 2021

Gary B. Gorton and James Dow

Yale School of Management and London Business School - Institute of Finance and Accounting

Downloads 42 (514,299)

Abstract:

97.

The Macroprudential Role of Stock Markets

NBER Working Paper No. w27113

Number of pages: 45 Posted: 12 May 2020 Last Revised: 31 Jan 2021

Kyriakos Chousakos, Gary B. Gorton and Guillermo Ordoñez

Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics

Downloads 3 (772,433)

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Abstract:

98.

The Information View of Financial Crises

Annual Review of Financial Economics, Vol. 12, pp. 39-65, 2020

Posted: 10 Dec 2020

Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström

Columbia University, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics

Abstract:

99.

The Design of Bank Loan Contracts

Posted: 26 Jan 2000

Gary B. Gorton and James A. Kahn

Yale School of Management and Yeshiva University

Abstract:

100.

Banking in Transition Economies: Does Efficiency Require Instability?

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:

101.

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

Gary B. Gorton

Yale School of Management

National Bureau of Economic Research (NBER)

Yale University - Yale Program on Financial Stability

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