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 University - Yale Program on Financial Stability

165 Whitney Avenue

P.O. Box 208200

New Haven, CT 06520-8200

United States

SCHOLARLY PAPERS

97

DOWNLOADS
Rank 39

SSRN RANKINGS

Top 39

in Total Papers Downloads

158,066

SSRN CITATIONS
Rank 113

SSRN RANKINGS

Top 113

in Total Papers Citations

1,702

CROSSREF CITATIONS

3,005

Scholarly Papers (97)

1.
Downloads 28,309 ( 78)
Citation 101

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 27,521 (81)
Citation 13

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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 788 (35,058)
Citation 46

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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

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

2.
Downloads 14,672 ( 253)
Citation 144

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 14,378 (254)
Citation 30

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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 Last Revised: 15 Sep 2010
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 294 (118,461)
Citation 49

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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 12,762 (334)
Citation 171

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

4.
Downloads 12,161 ( 372)
Citation 605

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 11,818 (384)
Citation 133

Abstract:

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repo, securitized

Securitized Banking and the Run on Repo

NBER Working Paper No. w15223
Number of pages: 54 Posted: 18 Aug 2009 Last Revised: 07 Aug 2010
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 343 (99,992)

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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 10,347 (515)
Citation 53

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Shadow Banking, Financial Crisis, Bank Regulation

6.
Downloads 6,826 ( 1,065)
Citation 63

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 6,530 (1,140)
Citation 24

Abstract:

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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 Last Revised: 31 Jul 2010
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 296 (117,654)
Citation 4

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7.
Downloads 6,215 ( 1,260)
Citation 83

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 5,862 (1,368)
Citation 5

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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 Last Revised: 14 Oct 2008
Gary B. Gorton
Yale School of Management
Downloads 345 (99,363)

Abstract:

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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 8 (704,508)
Citation 31
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8.
Downloads 4,938 ( 1,862)
Citation 3

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 4,671 (2,026)
Citation 3

Abstract:

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Panic, Capital Markets

The Panic of 2007

NBER Working Paper No. w14358
Number of pages: 93 Posted: 23 Sep 2008 Last Revised: 26 Sep 2010
Gary B. Gorton
Yale School of Management
Downloads 267 (131,221)

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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 4,524 (2,151)

Abstract:

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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 Last Revised: 02 Feb 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 406 (82,259)
Citation 4

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10.
Downloads 4,722 ( 2,014)
Citation 23

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 4,558 (2,124)
Citation 10

Abstract:

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Haircuts

NBER Working Paper No. w15273
Number of pages: 17 Posted: 25 Aug 2009 Last Revised: 26 Sep 2010
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 164 (207,901)

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11.
Downloads 4,426 ( 2,289)
Citation 53

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

Number of pages: 13 Posted: 10 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 4,261 (2,404)
Citation 58

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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 Last Revised: 13 Jul 2010
Gary B. Gorton
Yale School of Management
Downloads 165 (206,809)

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Facts and Fantasies About Commodity Futures Ten Years Later

Number of pages: 31 Posted: 27 May 2015
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 3,956 (2,698)
Citation 28

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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
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 41 (487,760)
Citation 63

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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
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 3,819 (2,874)
Citation 11

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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 Last Revised: 24 Oct 2008
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 85 (338,216)

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14.
Downloads 3,479 ( 3,410)
Citation 25

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 3,312 (3,625)
Citation 17

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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 California, Los Angeles (UCLA) - Anderson School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 167 (204,717)
Citation 1

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15.

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 2,789 (4,987)
Citation 80

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Bank Capital, Liquidity

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 2,577 (5,575)
Citation 17

Abstract:

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Questions and Answers About the Financial Crisis

NBER Working Paper No. w15787
Number of pages: 18 Posted: 01 Mar 2010 Last Revised: 22 Aug 2010
Gary B. Gorton
Yale School of Management
Downloads 147 (228,032)

Abstract:

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17.
Downloads 1,995 ( 8,751)
Citation 22

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 1,888 (9,387)
Citation 4

Abstract:

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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 107 (290,587)
Citation 6

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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 1,857 (9,639)
Citation 2

Abstract:

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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 Last Revised: 30 Aug 2009
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 98 (308,560)
Citation 5

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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 1,607 (12,362)

Abstract:

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Commodity, commodities, futures, diversification

20.

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 1,555 (13,058)

Abstract:

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Financial Crisis

21.
Downloads 1,499 ( 13,794)
Citation 49

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 1,422 (14,720)
Citation 5

Abstract:

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credit cycles, credit crunches

Bank Credit Cycles

NBER Working Paper No. w11363
Number of pages: 47 Posted: 23 Jun 2005 Last Revised: 21 Jul 2010
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 77 (358,990)
Citation 24

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22.
Downloads 1,384 ( 15,655)
Citation 9

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 1,236 (18,260)

Abstract:

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Noise Traders, Financial Markets, Market Efficiency

Noise Traders

NBER Working Paper No. w12256
Number of pages: 10 Posted: 01 Jun 2006 Last Revised: 29 Jun 2010
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 148 (226,763)
Citation 2

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23.
Downloads 1,320 ( 16,848)
Citation 42

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 1,275 (17,378)
Citation 3

Abstract:

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The History and Economics of Safe Assets

NBER Working Paper No. w22210
Number of pages: 55 Posted: 02 May 2016 Last Revised: 11 May 2016
Gary B. Gorton
Yale School of Management
Downloads 45 (469,687)
Citation 22

Abstract:

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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:

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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 712 (40,264)

Abstract:

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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 545 (57,299)
Citation 4

Abstract:

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commodity futures

25.

Financial Intermediation

NBER Working Paper No. w8928
Number of pages: 140 Posted: 09 May 2002 Last Revised: 24 Mar 2010
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 888 (30,321)
Citation 17

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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 812 (33,660)
Citation 2

Abstract:

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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 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 62 (404,755)

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27.
Downloads 772 ( 36,610)
Citation 4

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 727 (39,164)
Citation 3

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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 Last Revised: 10 Jul 2010
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 45 (469,687)

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28.

Risk Topography

Number of pages: 31 Posted: 30 Apr 2011 Last Revised: 07 Jun 2011
Princeton University - Department of Economics, Yale School of Management and Northwestern University - Kellogg School of Management
Downloads 757 (37,575)
Citation 27

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Measurement, Systemic Risk, Liquidity

29.

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 750 (38,019)

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agency problem, mark to market, market efficiency

30.

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 664 (45,047)
Citation 5

Abstract:

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Financial Crisis

31.
Downloads 660 ( 45,239)
Citation 86

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 and Yale School of Management
Downloads 576 (53,402)
Citation 1

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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, Pennsylvania State University and Yale School of Management
Downloads 84 (340,684)
Citation 38

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32.

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 601 (51,215)
Citation 1

Abstract:

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Blockholders, Takeovers, Corporate Ownership Structures

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 593 (52,083)

Abstract:

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Financial Crisis

34.
Downloads 551 ( 57,098)
Citation 16

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 512 (61,941)

Abstract:

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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 Last Revised: 30 Aug 2002
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 39 (497,277)
Citation 2

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35.
Downloads 521 ( 61,574)
Citation 5

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 Yale School of Management
Downloads 467 (69,531)
Citation 1

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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 54 (433,356)
Citation 1

Abstract:

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36.

Banks as Secret Keepers

PIER Working Paper
Number of pages: 52 Posted: 19 Jun 2014 Last Revised: 23 Mar 2016
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 496 (65,150)

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

37.

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 480 (67,965)
Citation 1

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38.

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 463 (70,913)

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theory of the firm, information, coordination

39.
Downloads 450 ( 73,479)
Citation 6

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 435 (75,806)

Abstract:

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The Information View of Financial Crises

NBER Working Paper No. w26074
Number of pages: 40 Posted: 23 Jul 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 15 (649,364)
Citation 5
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40.
Downloads 402 ( 83,899)
Citation 3

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 364 (93,399)
Citation 1

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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 38 (502,035)
Citation 1

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41.
Downloads 376 ( 90,666)
Citation 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 295 (118,072)
Citation 2

Abstract:

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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 62 (404,755)
Citation 1

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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 Last Revised: 28 Sep 2016
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 19 (619,706)

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42.
Downloads 348 ( 99,043)
Citation 82

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 314 (110,400)
Citation 31

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

Collateral Crises

NBER Working Paper No. w17771
Number of pages: 46 Posted: 21 Jan 2012 Last Revised: 24 Jan 2012
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 34 (522,440)
Citation 16

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43.

Liquidity Mismatch Measurement

Number of pages: 23 Posted: 19 Dec 2014
Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 346 (99,674)
Citation 20

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Liquidity, liquidity mismatch

44.
Downloads 326 (106,890)
Citation 21

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 271 (129,195)
Citation 7

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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 Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 55 (429,625)
Citation 10

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45.

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 325 (107,267)
Citation 9

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Financial Crisis

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 252 (139,312)

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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 69 (382,176)

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47.
Downloads 320 (108,761)
Citation 5

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 299 (116,405)

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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 Last Revised: 25 Sep 2012
Gary B. Gorton
Yale School of Management
Downloads 21 (605,036)
Citation 2

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48.
Downloads 308 (113,325)
Citation 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 308 (112,733)
Citation 2

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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:

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49.

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 287 (122,561)
Citation 4

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Central Bank, Discount Window, Financial Crisis, Confidence

50.
Downloads 272 (129,238)
Citation 9

The Supply and Demand for Safe Assets

Number of pages: 36 Posted: 19 Jan 2013 Last Revised: 27 Apr 2020
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 254 (138,196)
Citation 2

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safe assets, monetary policy, financial crises

The Supply and Demand for Safe Assets

NBER Working Paper No. w18732
Number of pages: 37 Posted: 26 Jan 2013
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 18 (626,960)
Citation 1

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51.
Downloads 269 (130,810)
Citation 2

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 217 (161,109)

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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 36 (511,970)
Citation 2

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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 16 (641,032)

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52.

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 259 (136,011)
Citation 20

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53.

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 238 (147,815)
Citation 1

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financial crisis

54.
Downloads 218 (160,679)
Citation 3

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 206 (169,475)

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collateral, bank regulation, convenience yield

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 12 (673,060)
Citation 2

Abstract:

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55.

Banks as Secret Keepers

NBER Working Paper No. w20255
Number of pages: 53 Posted: 30 Jun 2014
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 212 (164,946)
Citation 39

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56.
Downloads 210 (166,468)
Citation 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 190 (182,634)

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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
Bank of America and Yale School of Management
Downloads 20 (612,225)
Citation 1

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57.
Downloads 203 (171,932)
Citation 1

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 203 (171,836)
Citation 1

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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

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58.
Downloads 199 (175,156)
Citation 4

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 176 (195,560)
Citation 1

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Financial Crises, Repo, Centeral Bank

The Run on Repo and the Fed's Response

NBER Working Paper No. w24866
Number of pages: 18 Posted: 01 Aug 2018
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 23 (590,748)
Citation 2

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59.

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 2010
Gary B. Gorton and George Pennacchi
Yale School of Management and University of Illinois
Downloads 198 (176,006)
Citation 25

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60.

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 196 (177,651)
Citation 9

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61.
Downloads 175 (197,301)
Citation 14

The Development of Opacity in U.S. Banking

Number of pages: 24 Posted: 10 Oct 2013
Gary B. Gorton
Yale School of Management
Downloads 151 (223,065)

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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 24 (583,835)
Citation 2

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62.

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 California, Los Angeles (UCLA) - Anderson School of Management and Yale School of Management
Downloads 168 (203,380)

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63.

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: 19 Oct 2010
Gary B. Gorton and Frank A. Schmid
Yale School of Management and General Reinsurance Corporation
Downloads 158 (214,219)
Citation 1

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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: 17 Mar 2008
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 147 (228,032)

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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:

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65.

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 137 (240,600)
Citation 4

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66.
Downloads 134 (244,897)
Citation 1

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 123 (262,628)

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Financial Crises, Great Depression

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 (680,950)
Citation 2
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The Design of Bank Loan Contracts, Collateral, and Renegotiation

NBER Working Paper No. w4273
Number of pages: 50 Posted: 06 Jul 2004 Last Revised: 12 Sep 2010
Gary B. Gorton and James A. Kahn
Yale School of Management and Yeshiva University
Downloads 131 (250,353)

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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

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68.
Downloads 130 (250,706)
Citation 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 94 (317,085)
Citation 1

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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 36 (511,970)

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Bank Capital Regulation in General Equilibrium

NBER Working Paper No. w5244
Number of pages: 47 Posted: 13 Jul 2000 Last Revised: 19 Mar 2008
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 127 (256,304)

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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:

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70.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003 Last Revised: 03 Nov 2010
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 115 (274,377)
Citation 2

Abstract:

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71.

Rational Finite Bubbles

NBER Working Paper No. w3707
Number of pages: 42 Posted: 14 Jul 2000 Last Revised: 23 Aug 2010
Franklin Allen and Gary B. Gorton
Imperial College London and Yale School of Management
Downloads 107 (290,638)

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72.
Downloads 102 (300,217)

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 87 (333,300)

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bank regulation

The Regulation of Private Money

NBER Working Paper No. w25891
Number of pages: 26 Posted: 05 Jun 2019
Gary B. Gorton
Yale School of Management
Downloads 15 (656,603)

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73.
Downloads 89 (330,231)
Citation 3

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 78 (356,267)

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corporate culture, social progress

Social Progress and Corporate Culture

NBER Working Paper No. w25484
Number of pages: 63 Posted: 30 Jan 2019
Gary B. Gorton and Alexander Zentefis
Yale School of Management and Yale School of Management
Downloads 11 (680,950)
Citation 3

Abstract:

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74.
Downloads 87 (332,543)
Citation 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 (373,187)

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Financial Crises, Central Banks

Fighting Crises

NBER Working Paper No. w22787
Number of pages: 39 Posted: 31 Oct 2016
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 15 (649,364)
Citation 2

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75.
Downloads 86 (332,543)

Arbitrage Chains

NBER Working Paper No. w4314
Number of pages: 39 Posted: 28 Dec 2006 Last Revised: 30 Dec 2006
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 86 (335,697)
Citation 1

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Arbitrage Chains

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

Abstract:

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76.

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 84 (337,394)
Citation 8

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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 68 (385,326)

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Corporate culture, theory of the firm

Corporate Culture as a Theory of the Firm

NBER Working Paper No. w27353
Number of pages: 68 Posted: 15 Jun 2020
Gary B. Gorton and Alexander Zentefis
Yale School of Management and Yale School of Management
Downloads 12 (672,396)
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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 78 (356,267)
Citation 5

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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

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79.
Downloads 73 (368,739)
Citation 1

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 52 (440,988)

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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 21 (605,036)
Citation 1

Abstract:

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80.
Downloads 73 (365,935)
Citation 1

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 73 (370,278)

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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:

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81.

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 70 (374,522)
Citation 6

Abstract:

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82.

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 2010
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 69 (380,363)

Abstract:

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83.

The Visible Hand, the Invisible Hand and Efficiency

NBER Working Paper No. w7587
Number of pages: 53 Posted: 11 Jun 2000 Last Revised: 17 Oct 2010
Eitan Goldman and Gary B. Gorton
Indiana University - Kelley School of Business - Department of Finance and Yale School of Management
Downloads 65 (389,514)

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Private Money Production without Banks

Number of pages: 68 Posted: 30 Jan 2020
Gary B. Gorton
Yale School of Management
Downloads 52 (440,988)

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Money, banking, bills of exchange

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 (688,039)
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85.

Investor Interest and the Returns to Commodity Investing

Forthcoming, Journal of Portfolio Management
Number of pages: 20 Posted: 14 Oct 2019
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 58 (412,331)
Citation 1

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Commidity Futures, Index investing, Hedgers, Speculators

Executive Compensation and the Optimality of Managerial Entrenchment

NBER Working Paper No. w5779
Number of pages: 57 Posted: 14 Jul 2000 Last Revised: 25 Mar 2008
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne
Downloads 56 (425,954)

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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:

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87.

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 52 (433,408)
Citation 1

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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 52 (440,988)

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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:

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Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

Number of pages: 59 Posted: 21 Dec 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 32 (533,533)

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safe debt, adverse selection, information sensitivity, collateralized loan obligations

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

FEDS Working Paper No. 2020-088, Yale Program on Financial Stability Working Paper
Number of pages: 60 Posted: 27 Oct 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 13 (664,484)

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Safe debt, Adverse selection, Information sensitivity, Collateralized loan obligations

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

NBER Working Paper No. w28016
Number of pages: 60 Posted: 02 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 3 (745,308)
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90.

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: 30 Jul 2012
Gary B. Gorton
Yale School of Management
Downloads 45 (460,512)

Abstract:

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91.

The Macroprudential Role of Stock Markets

Number of pages: 44 Posted: 12 May 2020
Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 42 (477,456)

Abstract:

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Business Cycles, Financial Markets and the Macro-economy, Financial Crises

92.

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 37 (495,406)

Abstract:

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93.

The Macroprudential Role of Stock Markets

NBER Working Paper No. w27113
Number of pages: 45 Posted: 12 May 2020
Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 3 (713,482)
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94.

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 Holmström
Columbia University, Yale School of Management and National Bureau of Economic Research (NBER)

Abstract:

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95.

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:

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96.

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:

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97.

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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