Patrick Bolton

Imperial College London

South Kensington Campus

Exhibition Road

London, Greater London SW7 2AZ

United Kingdom

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

Fellow

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.ecgi.org

  • Imperial College London

SCHOLARLY PAPERS

78

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Scholarly Papers (78)

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1.

Corporate Governance and Control

Downloads 42,472 ( 71)
Citation 114

Corporate Governance and Control

Number of pages: 128 Posted: 31 Oct 2002
Marco Becht, Patrick Bolton and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB), Imperial College London and Columbia University, School of International and Public Affairs
Downloads 42,164 (74)
Citation 127

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Corporate governance, ownership, takeovers, block holders, boards

Corporate Governance and Control

NBER Working Paper No. w9371
Number of pages: 168 Posted: 06 Dec 2002 Last Revised: 11 Aug 2022
Marco Becht, Patrick Bolton and Ailsa Röell
Solvay Brussels School of Economics and Management (ULB), Imperial College London and Columbia University, School of International and Public Affairs
Downloads 308 (169,058)
Citation 21

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2.

Do Investors Care about Carbon Risk?

Downloads 8,915 ( 1,167)
Citation 470

Do Investors Care about Carbon Risk?

Columbia Business School Research Paper Forthcoming, Journal of Financial Economics (JFE), Forthcoming, European Corporate Governance Institute – Finance Working Paper 711/2020
Number of pages: 91 Posted: 11 Jun 2019 Last Revised: 20 Nov 2020
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 8,756 (1,209)
Citation 432

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Carbon Emissions, Climate Change, Stock Returns, Institutional Investors

Do Investors Care About Carbon Risk?

NBER Working Paper No. w26968
Number of pages: 81 Posted: 13 Apr 2020 Last Revised: 10 Mar 2023
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 156 (322,716)

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Do Investors Care About Carbon Risk?

CEPR Discussion Paper No. DP14568
Number of pages: 83 Posted: 08 May 2020
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 3 (1,076,590)
Citation 39
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Carbon Emissions, climate change, institutional investors, Stock returns

3.

Global Pricing of Carbon-Transition Risk

Downloads 6,321 ( 2,116)
Citation 113

Global Pricing of Carbon-Transition Risk

Journal of Finance, Forthcoming
Number of pages: 78 Posted: 13 Mar 2020 Last Revised: 05 Aug 2022
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 6,222 (2,159)
Citation 119

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Carbon Emissions, Carbon-Transition Risk, Climate Change, Stock Returns

Global Pricing of Carbon-Transition Risk

NBER Working Paper No. w28510
Number of pages: 53 Posted: 01 Mar 2021 Last Revised: 27 May 2023
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 97 (463,597)
Citation 4

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Carbon Premium Around the World

CEPR Discussion Paper No. DP14567
Number of pages: 70 Posted: 08 May 2020
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 2 (1,084,536)
Citation 6
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4.

Carbon Disclosure and the Cost of Capital

Number of pages: 52 Posted: 19 Jan 2021 Last Revised: 15 Nov 2021
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 3,466 (5,893)
Citation 2

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Carbon Emissions, Voluntary and Mandatory Disclosure, Stock Returns

5.

Executive Compensation and Risk Taking

FRB of New York Staff Report No. 456
Number of pages: 44 Posted: 07 Jul 2010 Last Revised: 14 Nov 2011
Patrick Bolton, Hamid Mehran and Joel D. Shapiro
Imperial College London, Independent and University of Oxford - Said Business School
Downloads 2,953 (7,615)
Citation 80

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executive compensation, risk taking

6.

Net-Zero Carbon Portfolio Alignment

Number of pages: 30 Posted: 16 Sep 2021 Last Revised: 22 Jan 2022
Patrick Bolton, Marcin T. Kacperczyk and Frédéric Samama
Imperial College London, Imperial College London - Accounting, Finance, and Macroeconomics and Sciences Po, S&P
Downloads 2,574 (9,407)
Citation 15

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carbon neutrality, optimal portfolio, tracking error

7.

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Downloads 2,066 (13,421)
Citation 11

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Number of pages: 21 Posted: 25 Oct 2021 Last Revised: 26 Oct 2021
Patrick Bolton, Marcin T. Kacperczyk, Christian Leuz, Gaizka Ormazabal, Stefan Reichelstein and Dirk Schoenmaker
Imperial College London, Imperial College London - Accounting, Finance, and Macroeconomics, University of Chicago - Booth School of Business, University of Navarra, IESE Business School, Stanford University - Graduate School of Business and Rotterdam School of Management, Erasmus University
Downloads 1,448 (22,842)
Citation 11

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Climate change, Nonfinancial information, ESG reporting, sustainability, Reporting mandates, Carbon emissions

Mandatory Corporate Carbon Disclosures and the Path to Net Zero

Management and Business Review, Vol. 1, No. 3, Fall 2021
Number of pages: 8 Posted: 21 Mar 2022
Patrick Bolton, Stefan Reichelstein, Marcin T. Kacperczyk, Christian Leuz, Gaizka Ormazabal and Dirk Schoenmaker
Imperial College London, Stanford University - Graduate School of Business, Imperial College London - Accounting, Finance, and Macroeconomics, University of Chicago - Booth School of Business, University of Navarra, IESE Business School and Rotterdam School of Management, Erasmus University
Downloads 618 (74,979)
Citation 1

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net zero, carbon economy, carbon emissions, GHG

8.

Hedging Climate Risk

Financial Analysts Journal, vol. 72, no. 3 (May/June 2016 Forthcoming)
Number of pages: 50 Posted: 24 Sep 2014 Last Revised: 12 Apr 2016
Mats Andersson, Patrick Bolton and Frédéric Samama
AP4, Imperial College London and Sciences Po, S&P
Downloads 2,045 (13,648)
Citation 106

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Climate Risk, Green Index, Tracking Error, Free Option on Carbon

9.

Firm Commitments

Downloads 1,975 (14,407)
Citation 5

Firm Commitments

Columbia Business School Research Paper
Number of pages: 65 Posted: 10 May 2021 Last Revised: 01 May 2023
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 1,959 (14,342)
Citation 8

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Carbon Emissions, Science Based and CDP Targets, Nationally Determined Contributions

Firm Commitments

NBER Working Paper No. w31244
Number of pages: 66 Posted: 15 May 2023 Last Revised: 29 May 2023
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 16 (952,342)
Citation 1
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10.

Market Timing, Investment, and Risk Management

Downloads 1,962 (14,576)
Citation 86

Market Timing, Investment, and Risk Management

AFA 2012 Chicago Meetings Paper
Number of pages: 59 Posted: 16 Mar 2010 Last Revised: 29 Mar 2012
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 1,882 (15,291)
Citation 55

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risk management, liquidity, financial crisis, market timing, investment, q theory

Market Timing, Investment, and Risk Management

NBER Working Paper No. w16808
Number of pages: 55 Posted: 28 Feb 2011 Last Revised: 05 Jun 2023
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 80 (524,226)
Citation 68

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11.

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Downloads 1,631 (19,381)
Citation 263

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Journal of Finance, Forthcoming , AFA 2010 Atlanta Meetings Paper
Number of pages: 50 Posted: 19 Mar 2009 Last Revised: 12 Jul 2011
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 1,409 (23,766)
Citation 59

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investment, q theory, cash management, liquidity, hedging, payout, financing

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

NBER Working Paper No. w14845
Number of pages: 57 Posted: 07 Apr 2009 Last Revised: 25 Jul 2022
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 222 (235,241)

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12.

Investor Ideology

Downloads 1,549 (20,962)
Citation 64

Investor Ideology

Columbia Business School Research Paper No. 18-21, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 557/2018
Number of pages: 80 Posted: 14 Feb 2018 Last Revised: 01 May 2020
Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal
Imperial College London, University of Florida - Department of Finance, Insurance and Real Estate, Federal Reserve Bank of Chicago and New York University
Downloads 1,482 (22,038)
Citation 68

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Institutional Investors, Proxy Voting, Ideology, Spatial Model

Investor Ideology

NBER Working Paper No. w25717
Number of pages: 76 Posted: 01 Apr 2019 Last Revised: 09 Apr 2023
Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal
Imperial College London, University of Florida - Department of Finance, Insurance and Real Estate, Federal Reserve Bank of Chicago and New York University (NYU) - Wilf Family Department of Politics
Downloads 66 (585,729)
Citation 1

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Investor Ideology

CEPR Discussion Paper No. DP13633
Number of pages: 78 Posted: 01 Apr 2019
Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal
Imperial College London, University of Florida - Department of Finance, Insurance and Real Estate, Federal Reserve Bank of Chicago and New York University (NYU) - Wilf Family Department of Politics
Downloads 1 (1,093,300)
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institutional investors, Proxy voting, Socially responsible investment

13.

The Credit Ratings Game

Downloads 1,502 (22,046)
Citation 131

The Credit Ratings Game

EFA 2009 Bergen Meetings Paper
Number of pages: 46 Posted: 16 Feb 2009
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 893 (45,845)
Citation 58

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The Credit Ratings Game

Number of pages: 46 Posted: 01 Jul 2009
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 451 (110,136)
Citation 16

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Credit rating agencies, conflicts of interest, ratings shopping

The Credit Ratings Game

NBER Working Paper No. w14712
Number of pages: 47 Posted: 17 Feb 2009 Last Revised: 14 Sep 2022
Patrick Bolton, Xavier Freixas and Joel D. Shapiro
Imperial College London, Universitat Pompeu Fabra and University of Oxford - Said Business School
Downloads 158 (320,964)

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14.

Pay for Short-Term Performance: Executive Compensation in Speculative Markets

Downloads 1,398 (24,473)
Citation 30

Pay for Short-Term Performance: Executive Compensation in Speculative Markets

Number of pages: 52 Posted: 25 Mar 2005
Patrick Bolton, Wei Xiong and José A. Scheinkman
Imperial College London, Princeton University - Department of Economics and Columbia University
Downloads 1,315 (26,310)
Citation 6

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executive compensation, shareholders conflict

Pay for Short-Term Performance: Executive Compensation in Speculative Markets

NBER Working Paper No. w12107
Number of pages: 28 Posted: 15 May 2006 Last Revised: 01 Aug 2022
Patrick Bolton, José A. Scheinkman and Wei Xiong
Imperial College London, Columbia University and Princeton University - Department of Economics
Downloads 83 (512,496)
Citation 4

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15.

The Financial Cost of Carbon

Number of pages: 40 Posted: 10 May 2022
Patrick Bolton, Zachery Halem and Marcin T. Kacperczyk
Imperial College London, Lazard and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 1,254 (28,757)
Citation 16

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financial cost of carbon, cost of capital, carbon emissions, carbon pricing

16.

L-Shares: Rewarding Long-Term Investors

ECGI - Finance Working Paper No. 342/2013
Number of pages: 45 Posted: 13 Dec 2012 Last Revised: 24 Feb 2013
Patrick Bolton and Frédéric Samama
Imperial College London and Sciences Po, S&P
Downloads 1,249 (28,921)
Citation 3

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Exit, Voice, Loyalty, Long-term Investors

17.

Cream Skimming in Financial Markets

Downloads 1,113 (34,095)
Citation 30

Cream Skimming in Financial Markets

Number of pages: 49 Posted: 28 Feb 2011 Last Revised: 25 Jun 2014
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
Downloads 1,067 (35,712)
Citation 5

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Cream Skimming in Financial Markets

NBER Working Paper No. w16804
Number of pages: 52 Posted: 28 Feb 2011 Last Revised: 02 Jun 2023
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
Downloads 46 (697,851)

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18.

The CO2 Question: Technical Progress and the Climate Crisis

Number of pages: 106 Posted: 24 Oct 2022 Last Revised: 06 May 2023
Patrick Bolton, Marcin T. Kacperczyk and Moritz Wiedemann
Imperial College London, Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College London
Downloads 1,064 (36,450)

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carbon emissions, green patents, brown efficiency patents, path dependence of innovation, Jevons paradox

19.

Credit Default Swaps and the Empty Creditor Problem

Downloads 1,036 (37,822)
Citation 48

Credit Default Swaps and the Empty Creditor Problem

Review of Financial Studies (2011), 24(8): 2617-2655
Number of pages: 59 Posted: 13 Mar 2010 Last Revised: 10 Dec 2015
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 957 (41,661)
Citation 25

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Credit Default Swaps and the Empty Creditor Problem

NBER Working Paper No. w15999
Number of pages: 46 Posted: 04 Jun 2010 Last Revised: 20 Mar 2023
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 79 (528,250)
Citation 3

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20.

Debt, Taxes, and Liquidity

Downloads 980 (40,908)
Citation 2

Debt, Taxes, and Liquidity

Columbia Business School Research Paper No. 14-17
Number of pages: 43 Posted: 13 Mar 2014 Last Revised: 22 Nov 2014
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 925 (43,684)
Citation 1

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Capital structure, liquidity, cash, financing frictions, marginal tax benefit of debt, tradeoff theory

Debt, Taxes, and Liquidity

NBER Working Paper No. w20009
Number of pages: 61 Posted: 31 Mar 2014 Last Revised: 05 Mar 2023
Patrick Bolton, Hui Chen and Neng Wang
Imperial College London, Massachusetts Institute of Technology and Columbia University - Columbia Business School, Finance
Downloads 55 (643,096)
Citation 2

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21.

Leadership, Coordination and Mission-Driven Management

Downloads 796 (54,438)
Citation 4

Leadership, Coordination and Mission-Driven Management

AFA 2009 San Francisco Meetings Paper
Number of pages: 44 Posted: 17 Mar 2008
Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Imperial College London, Princeton University - Department of Economics and Columbia University - Columbia Business School
Downloads 680 (66,139)
Citation 5

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leadership, CEO overconfidence, coordination games

Leadership, Coordination and Mission-Driven Management

NBER Working Paper No. w14339
Number of pages: 44 Posted: 15 Sep 2008 Last Revised: 07 Sep 2022
Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Imperial College London, Princeton University - Department of Economics and Columbia University - Columbia Business School
Downloads 116 (407,403)

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22.

Born Out of Necessity: A Debt Standstill for COVID-19

Center for Economic Policy Research; Policy Insight No. 103 (2020), Duke Law School Public Law & Legal Theory Series No. 2020-23
Number of pages: 11 Posted: 28 Apr 2020 Last Revised: 13 May 2020
Patrick Bolton, Lee C. Buchheit, Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro and Beatrice Weder di Mauro
Imperial College London, Center for Contract and Economic Organization, University of California, Berkeley - Department of Economics, University of Virginia School of Law, University of Chicago - Booth School of Business, United Nations - Conference on Trade and Development (UNCTAD) and Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID
Downloads 754 (58,524)
Citation 8

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debt standstill, COVID-19, sovereign debt

23.

Executive Compensation and Short-Termist Behavior in Speculative Markets

Downloads 750 (59,057)
Citation 181

Executive Compensation and Short-Termist Behavior in Speculative Markets

Number of pages: 55 Posted: 28 May 2003
Patrick Bolton, Wei Xiong and José A. Scheinkman
Imperial College London, Princeton University - Department of Economics and Columbia University
Downloads 655 (69,396)
Citation 1

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Executive Compensation, Short-term Behavior, Speculative Market, Corporate Governance

Executive Compensation and Short-Termist Behavior in Speculative Markets

NBER Working Paper No. w9722
Number of pages: 56 Posted: 25 May 2006 Last Revised: 27 Jul 2022
Patrick Bolton, Wei Xiong and José A. Scheinkman
Imperial College London, Princeton University - Department of Economics and Columbia University
Downloads 95 (473,404)
Citation 24

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Executive Compensation and Short-Termist Behavior in Speculative Markets

Review of Economic Studies, Forthcoming
Posted: 30 Nov 2005
Patrick Bolton, José A. Scheinkman and Wei Xiong
Imperial College London, Columbia University and Princeton University - Department of Economics

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Executive Compensation, Over-investment, Short-term Behavior, Speculative Markets

24.

Corporate Finance and the Monetary Transmission Mechanism

Downloads 743 (59,710)
Citation 100

Corporate Finance and the Monetary Transmission Mechanism

Number of pages: 48 Posted: 21 Nov 2000
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra
Downloads 712 (62,301)
Citation 8

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monetary transmission, asymmetric information, capital constraint

Corporate Finance and the Monetary Transmission Mechanism

Number of pages: 53 Posted: 01 Aug 2001
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra
Downloads 31 (809,833)
Citation 15
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Monetary policy, monetary policy, corporate finance, equity capital adequacy constraints

25.

The Credit Suisse CoCo Wipeout: Facts, Misperceptions, and Lessons for Financial Regulation

Swiss Finance Institute Research Paper No. 23-32, Journal of Applied Corporate Finance, Forthcoming
Number of pages: 19 Posted: 17 May 2023
Patrick Bolton, Anastasia V. Kartasheva and Wei Jiang
Imperial College London, University of St. Gallen - I.VW-HSG and Emory University Goizueta Business School
Downloads 741 (61,905)
Citation 2

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Contingent convertible capital securities, bank fragility, recapitalization, too-big-to-fail, AT1

26.

Understanding Big Data: Data Calculus in the Digital Era

Rotman School of Management Working Paper No. 3791018, Columbia Business School Research Paper Forthcoming
Number of pages: 86 Posted: 25 Feb 2021
Long Chen, Long Chen, Patrick Bolton, Bengt R. Holmström, Eric Maskin, Christopher A. Pissarides, A. Michael Spence, Tao Sun, Tianshu Sun, Wei Xiong, Liyan Yang, Yadong Huang, Yong Li, Xuan Luo, Yingju Ma, Shumiao Ouyang and Feng Zhu
Cheung Kong Graduate School of BusinessLuohan Academy, Imperial College London, Massachusetts Institute of Technology (MIT) - Department of Economics, Princeton University - Department of Economics, London School of Economics & Political Science (LSE), Stanford Graduate School of Business, International Monetary Fund (IMF), Cheung Kong Graduate School of Business, Princeton University - Department of Economics, University of Toronto - Rotman School of Management, Luohan Academy, Luohan Academy, Luohan Academy, Luohan Academy, Princeton University - Department of Economics and Bendheim Center for Finance and Ant Financial
Downloads 689 (66,167)
Citation 4

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big data, data economics, information economics, privacy, market competition

27.

Savings Gluts and Financial Fragility

Number of pages: 54 Posted: 08 Mar 2016 Last Revised: 08 Jan 2018
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
Downloads 633 (73,455)
Citation 14

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savings glut, cream skimming, incentives for origination, leverage, financial fragility

28.

The Capital Structure of Nations

Downloads 546 (88,249)
Citation 7

The Capital Structure of Nations

Columbia Business School Research Paper No. 16-44
Number of pages: 62 Posted: 02 Jun 2016 Last Revised: 14 Jun 2017
Patrick Bolton and Haizhou Huang
Imperial College London and China International Capital Corporation Limited
Downloads 465 (106,254)

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Sovereign Financial Structure, Money, Domestic-currency Liabilities, Foreign-currency Debt

The Capital Structure of Nations

NBER Working Paper No. w23612
Number of pages: 63 Posted: 25 Jul 2017 Last Revised: 09 Jul 2023
Patrick Bolton and Haizhou Huang
Imperial College London and China International Capital Corporation Limited
Downloads 81 (520,234)
Citation 5

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The Capital Structure of Nations

CEPR Discussion Paper No. DP12157
Number of pages: 65 Posted: 25 Jul 2017
Patrick Bolton and Haizhou Huang
Imperial College London and China International Capital Corporation Limited
Downloads 0
Citation 4
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29.

Do Carbon Prices Affect Stock Prices?

Number of pages: 64 Posted: 01 Mar 2023 Last Revised: 12 Apr 2023
Patrick Bolton, Adrian Lam and Mirabelle Muûls
Imperial College London, University of Pittsburgh - Katz Graduate School of Business and Imperial College Business School and Grantham Institute - Climate Change and the environment
Downloads 538 (90,797)

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Carbon pricing, stock prices, EU ETS

30.

Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts

Number of pages: 37 Posted: 22 Apr 2023
Joseph E. Aldy, Patrick Bolton, Zachery Halem, Marcin T. Kacperczyk and Peter R. Orszag
Harvard Kennedy School, Imperial College London, Lazard, Imperial College London - Accounting, Finance, and Macroeconomics and Lazard Asset Management
Downloads 532 (91,419)

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climate change, carbon emissions, disclosure, science based and CDP targets, earnings calls, financial cost of carbon

31.

Dynamic Banking and the Value of Deposits

Downloads 527 (92,299)
Citation 3

Dynamic Banking and the Value of Deposits

Fisher College of Business Working Paper No. 2020-03-013, Charles A. Dice Working Paper No. 2020-13
Number of pages: 65 Posted: 10 Jun 2020 Last Revised: 14 Nov 2023
Patrick Bolton, Ye Li, Neng Wang and Jinqiang Yang
Imperial College London, University of Washington - Foster School of Business, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 510 (95,046)
Citation 2

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Deposits, Dynamic Banking, Q-Theory, Risk Management, Financial Constraint, Supplementary Leverage Ratio, Low Interest Rate, Inside Money, Payment

Dynamic Banking and the Value of Deposits

NBER Working Paper No. w28298
Number of pages: 61 Posted: 04 Jan 2021 Last Revised: 28 Apr 2023
Patrick Bolton, Ye Li, Neng Wang and Jinqiang Yang
Imperial College London, University of Washington - Foster School of Business, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 17 (941,989)
Citation 1

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32.

Environmental Protection and Sovereign Debt Restructuring

Capital Markets Law Journal (forthcoming 2022), Virginia Public Law and Legal Theory Research Paper No. 2022-35, Virginia Law and Economics Research Paper No. 2022-07
Number of pages: 19 Posted: 25 Feb 2022 Last Revised: 26 May 2022
Patrick Bolton, Lee C. Buchheit, Ugo Panizza, Beatrice Weder di Mauro, Beatrice Weder di Mauro and Mitu Gulati
Imperial College London, Center for Contract and Economic Organization, Graduate Institute of International and Development Studies (IHEID) - Department of Economics, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and University of Virginia School of Law
Downloads 460 (109,031)

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ESG, sovereign debt, restructuring, green

33.

Optimal Property Rights in Financial Contracting

Downloads 455 (110,155)
Citation 12

Optimal Property Rights in Financial Contracting

Number of pages: 38 Posted: 29 May 2007
Kenneth Ayotte and Patrick Bolton
University of California, Berkeley - School of Law and Imperial College London
Downloads 389 (130,968)

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property rights, contracts, legal rules, covenants, bankruptcy

Optimal Property Rights in Financial Contracting

NBER Working Paper No. w13316
Number of pages: 39 Posted: 24 Aug 2007 Last Revised: 22 May 2022
Kenneth Ayotte and Patrick Bolton
University of California, Berkeley - School of Law and Imperial College London
Downloads 66 (585,729)
Citation 3

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34.

Should Derivatives Be Privileged in Bankruptcy?

Downloads 436 (115,766)
Citation 35

Should Derivatives Be Privileged in Bankruptcy?

Journal of Finance (2015), 70(6), 2352-2394
Number of pages: 58 Posted: 16 Mar 2012 Last Revised: 10 Dec 2015
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 379 (134,888)
Citation 9

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Derivatives, Swaps, Automatic Stay, Chapter 11, QFCs, Safe Harbors

Should Derivatives Be Privileged in Bankruptcy?

NBER Working Paper No. w17599
Number of pages: 57 Posted: 21 Nov 2011 Last Revised: 02 Feb 2023
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 57 (631,935)
Citation 24

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35.

Strategic Experimentation: A Revision

Number of pages: 54 Posted: 09 Apr 1997
Patrick Bolton and Christopher Harris
Imperial College London and University of Cambridge - Department of Applied Economics
Downloads 427 (118,665)
Citation 67

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36.

Investment under Uncertainty and the Value of Real and Financial Flexibility

Downloads 415 (122,690)
Citation 22

Investment under Uncertainty and the Value of Real and Financial Flexibility

Columbia Business School Research Paper No. 14-1
Number of pages: 50 Posted: 07 Dec 2013 Last Revised: 28 Aug 2014
Patrick Bolton, Neng Wang and Jinqiang Yang
Imperial College London, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 350 (147,417)
Citation 7

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Investment Under Uncertainty with Financial Constraints

NBER Working Paper No. w20610
Number of pages: 81 Posted: 27 Oct 2014 Last Revised: 26 Apr 2023
Patrick Bolton, Neng Wang and Jinqiang Yang
Imperial College London, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 65 (590,612)
Citation 19

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37.

Bank Resolution and the Structure of Global Banks

Downloads 373 (138,442)
Citation 24

Bank Resolution and the Structure of Global Banks

Columbia Business School Research Paper No. 18-39
Number of pages: 60 Posted: 10 May 2018 Last Revised: 17 Aug 2018
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 340 (152,076)
Citation 9

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Bank Resolution, Too Big to Fail, TLAC, Ring-Fencing, Bankruptcy, G-SIBs, SIFIs

Bank Resolution and the Structure of Global Banks

NBER Working Paper No. w24737
Number of pages: 60 Posted: 25 Jun 2018 Last Revised: 03 Feb 2023
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 33 (793,363)
Citation 14

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Bank Resolution and the Structure of Global Banks

CEPR Discussion Paper No. DP13032
Number of pages: 62 Posted: 09 Jul 2018
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
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bank resolution, single point of entry

38.

Coco Issuance and Bank Fragility

Downloads 349 (148,912)
Citation 25

Coco Issuance and Bank Fragility

BIS Working Paper No. 678
Number of pages: 77 Posted: 11 Dec 2017
Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia V. Kartasheva
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Imperial College London, Emory University Goizueta Business School and University of St. Gallen - I.VW-HSG
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CoCos, Contingent Convertible Capital, Bank Capital Regulation, Basel III

Coco Issuance and Bank Fragility

NBER Working Paper No. w23999
Number of pages: 75 Posted: 13 Nov 2017 Last Revised: 28 Jan 2023
Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia V. Kartasheva
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Imperial College London, Emory University Goizueta Business School and University of St. Gallen - I.VW-HSG
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CoCo Issuance and Bank Fragility

CEPR Discussion Paper No. DP12418
Number of pages: 77 Posted: 06 Nov 2017
Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia V. Kartasheva
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Imperial College London, Emory University Goizueta Business School and University of St. Gallen - I.VW-HSG
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Citation 3
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Contingent convertible capital securities; Bail-in

39.

The 2012 Greek Retrofit and Borrowing Costs in the European Periphery

Virginia Public Law and Legal Theory Research Paper No. 2023-55, Virginia Law and Economics Research Paper No. 2023-14
Number of pages: 37 Posted: 07 Aug 2023 Last Revised: 10 Aug 2023
Patrick Bolton, Xuewen Fu, Mitu Gulati and Ugo Panizza
Imperial College London, University College London - Department of Economics, University of Virginia School of Law and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
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Greece, Retrofit, 2012 Restructuring, Sovereign Bonds, Local Law Advantage, Spillovers, European Union

40.

Conflicts of Interest, Information Provision and Competition in Banking

Downloads 336 (155,076)
Citation 8

Conflicts of Interest, Information Provision and Competition in Banking

Universitat Pompeu Fabra Economics and Business Working Paper No. 760
Number of pages: 45 Posted: 12 Jul 2004
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
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Conflicts of interest, information provision, one-stop

Conflicts of Interest, Information Provision, and Competition in Banking

NBER Working Paper No. w10571
Number of pages: 46 Posted: 04 Jul 2004 Last Revised: 22 May 2022
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
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Citation 1

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41.

Odious Debts or Odious Regimes?

Law & Contemporary Problems, Vol. 70, p. 83, Autumn 2007, U of Penn, Inst for Law & Econ Research Paper No. 07-30
Number of pages: 25 Posted: 07 Nov 2007 Last Revised: 29 Jun 2011
Patrick Bolton and David A. Skeel
Imperial College London and University of Pennsylvania Carey Law School
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Odious debt doctrine, legal history, international law, politics, systematic suppression, systematic looting, tyranny, UN, United Nations, IMF, International Monetary Fund, sovereign debt, national debt, repayment, forgiveness

42.

Outside and Inside Liquidity

Downloads 328 (159,182)
Citation 63

Outside and Inside Liquidity

The Quarterly Journal of Economics, Vol. 126, No. 1, pp. 259-321, 2011, Columbia Business School Research Paper No. 11-30, Economic Theory Center Working Paper No. 35-2012
Number of pages: 66 Posted: 22 Oct 2011 Last Revised: 31 May 2012
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
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Outside and Inside Liquidity

NBER Working Paper No. w14867
Number of pages: 59 Posted: 13 Apr 2009 Last Revised: 17 Aug 2022
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
Downloads 112 (418,252)
Citation 11

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43.

Sovereign Debt Puzzles

Annual Review of Financial Economics, Virginia Public Law and Legal Theory Research Paper No. 2022-78, Virginia Law and Economics Research Paper No. 2022-29
Number of pages: 38 Posted: 06 Dec 2022
Patrick Bolton, Ugo Panizza and Mitu Gulati
Imperial College London, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and University of Virginia School of Law
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sovereign debt, anomalies, restructuring, issuance, pricing

44.

Digital Circular Economy For Net Zero

Number of pages: 86 Posted: 25 May 2022
Patrick Bolton, Peter Lacy, Michael Spence, Ming Xu, Long Chen, Long Chen, Sangwoo Choi, Wei Liu, Qi Sun and Bo Tang
Imperial College London, Accenture, Stanford University, University of Michigan at Ann Arbor - School of Natural Resources & Environment, Cheung Kong Graduate School of BusinessLuohan Academy, Luohan Academy, Luohan Academy, Luohan Academy and London School of Economics & Political Science (LSE)
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Carbon emission, net zero, digitalization, circular economy, governance, multi-level perspective, socio-technical system

45.

Barriers to Long-Term Cross-Border Investing: A Survey of Institutional Investor Perceptions

Rotman International Journal of Pension Management, Vol. 7, No. 2, 2014, Columbia Business School Research Paper No. 14-43, PBCSF-NIFR Research Paper No. 14-04
Number of pages: 11 Posted: 17 Sep 2014 Last Revised: 19 Feb 2016
Rachel Harvey, Patrick Bolton, Laurence H. Wilse-Samson, Li An and Frédéric Samama
Committee on Global Thought, Columbia University, Imperial College London, Columbia University, Tsinghua University - PBC School of Finance and Sciences Po, S&P
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Co-investing, Investment Regulation, Pension Fund, Public Goods, Short-Termism, Sovereign Wealth Funds

46.

Inside the Black Box: How Should a Sovereign Bankruptcy Framework Be Structured?

Emory Law Journal, Vol. 53, pp. 763, 2004, U of Penn, Inst for Law & Econ Research Paper No. 05-03
Number of pages: 60 Posted: 10 Feb 2005 Last Revised: 29 Jun 2011
David A. Skeel and Patrick Bolton
University of Pennsylvania Carey Law School and Imperial College London
Downloads 310 (169,006)
Citation 9

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Bankruptcy, sovereign bankruptcy, bankruptcy framework, sovereign debt restructuring mechanism

47.

Capital Access Bonds: Contingent Capital with an Option to Convert

Number of pages: 46 Posted: 17 Nov 2011
Patrick Bolton and Frédéric Samama
Imperial College London and Sciences Po, S&P
Downloads 302 (173,622)
Citation 24

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contingent capital, counter-cyclical investment, banking

48.

From Global Savings Glut to Financing Infrastructure: The Advent of Investment Platforms

IMF Working Paper No. 16/18
Number of pages: 48 Posted: 28 Mar 2016
Rabah Arezki, Patrick Bolton, Sanjay Peters, Frédéric Samama and Joseph E. Stiglitz
World Bank - African Development Bank, Imperial College London, Columbia University, Sciences Po, S&P and Columbia University - Columbia Business School, Finance
Downloads 300 (174,828)
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projects, bank, risk, equity, General, Government Policy and Regulation, Other, Infrastructures, All Countries, Public Private Partnership, Long-term Investors

49.

Legal Air Cover

Downloads 292 (179,901)
Citation 1

Legal Air Cover

Duke Law School Public Law & Legal Theory Series No. 2020-63
Number of pages: 41 Posted: 11 Oct 2020
Patrick Bolton, Mitu Gulati and Ugo Panizza
Imperial College London, University of Virginia School of Law and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
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Citation 1

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Sovereign Debt, Restructuring, COVID-19, Sudden Stop, Greek Retrofit

Legal Air Cover

CEPR Discussion Paper No. DP15336
Number of pages: 32 Posted: 03 Nov 2020
Patrick Bolton, Mitu Gulati and Ugo Panizza
Imperial College London, University of Virginia School of Law and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
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debt restructuring, Incomplete Contracts, sovereign default

50.

The Great Carbon Arbitrage

IMF Working Paper No. 2022/107
Number of pages: 66 Posted: 07 Jun 2022
Tobias Adrian, Patrick Bolton and Alissa M. Kleinnijenhuis
International Monetary Fund, Imperial College London and Stanford Institute for Economic Policy Research, Stanford University
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Climate, Carbon, Environment, Climate Policy, Valuation of Environmental Effects, Financial Economics, carbon arbitrage, net benefit, financing policy, baseline estimate, investment cost, coal company, Non-renewable resources, Renewable energy, Climate finance, Arbitrage, Greenhouse gas emissions, Global, net gain, country cost, Africa, North America

51.

Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime

IMF Working Paper No. 07/192
Number of pages: 29 Posted: 23 Aug 2007
Patrick Bolton and Olivier Jeanne
Imperial College London and International Monetary Fund (IMF) - Research Department
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Citation 21

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Sovereign debt, Debt restructuring, Bankruptcy, Sovereign Debt Restructuring Mechanism, Working Paper

52.

Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice Around the World

IMF Working Paper No. 03/13
Number of pages: 36 Posted: 28 Jan 2006
Patrick Bolton
Imperial College London
Downloads 216 (242,048)

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Bankruptcy, sovereign debt

53.

Debt, Default, and Risk Management: Corporate Policies Under Incomplete Markets

Columbia Business School Research Paper Forthcoming
Number of pages: 50 Posted: 30 Sep 2019
Patrick Bolton, Neng Wang and Jinqiang Yang
Imperial College London, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
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leverage, capital structure, debt capacity, payouts

54.

Intracompany Governance and Innovation

Downloads 208 (250,654)

Intracompany Governance and Innovation

Number of pages: 86 Posted: 03 Aug 2009 Last Revised: 15 Jun 2014
Sharon Belenzon, Tomer Berkovitz and Patrick Bolton
Duke University, Columbia Business School and Imperial College London
Downloads 169 (301,242)

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governance, innovation, patents

Intracompany Governance and Innovation

NBER Working Paper No. w15304
Number of pages: 88 Posted: 31 Aug 2009 Last Revised: 27 Apr 2023
Sharon Belenzon, Tomer Berkovitz and Patrick Bolton
Duke University, Columbia Business School and Imperial College London
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55.

Relationship and Transaction Lending in a Crisis

Downloads 202 (257,475)
Citation 290

Relationship and Transaction Lending in a Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 917
Number of pages: 77 Posted: 12 Jul 2013
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 103 (444,683)
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relationship banking, transaction banking, crisis

Relationship and Transaction Lending in a Crisis

BIS Working Paper No. 417
Number of pages: 68 Posted: 27 Feb 2014
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 60 (615,540)
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Relationship Banking, Transaction Banking, Crisis

Relationship and Transaction Lending in a Crisis

NBER Working Paper No. w19467
Number of pages: 67 Posted: 28 Sep 2013 Last Revised: 12 Mar 2023
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 39 (746,729)
Citation 191

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Relationship and Transaction Lending in a Crisis

CEPR Discussion Paper No. DP9662
Number of pages: 69 Posted: 24 Sep 2013
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
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crisis, relationship banking, transaction banking

56.

Conflicts of Interest and Credible Information Provision by Specialized and One-Stop Banks

Number of pages: 27 Posted: 21 Jul 2003
Xavier Freixas, Patrick Bolton and Joel Shapiro
Universitat Pompeu Fabra, Imperial College London and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 185 (278,418)
Citation 1

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57.

Behind Schedule: The Corporate Effort to Fulfill Climate Obligations

Journal of Applied Corporate Finance, Forthcoming
Number of pages: 23 Posted: 20 Sep 2023
Joseph E. Aldy, Patrick Bolton, Zachery Halem and Marcin T. Kacperczyk
Harvard Kennedy School, Imperial College London, Lazard and Imperial College London - Accounting, Finance, and Macroeconomics
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Carbon Emissions, Science Based and CDP Targets, voluntary commitments, corporate social responsibilit

58.

Strategic Conduct in Credit Derivative Markets

International Journal of Industrial Organization (2013), 31(5): 652-658
Number of pages: 23 Posted: 30 Jan 2013 Last Revised: 10 Dec 2015
Patrick Bolton and Martin Oehmke
Imperial College London and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 175 (292,391)
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Credit Default Swaps, Counterparty Risk, Naked CDS, Empty Creditors, CDS Auctions, Derivatives in Bankruptcy

59.

Money, Sovereignty, and Optimal Currency Areas

Columbia Business School Research Paper No. 18-66
Number of pages: 57 Posted: 18 Aug 2018
Patrick Bolton and Haizhou Huang
Imperial College London and China International Capital Corporation Limited
Downloads 168 (302,775)
Citation 1

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Money, Currency Union, Monetary Sovereignty, Strategic Monetization

60.

Ownership and Managerial Competition: Employee, Customer, or Outside Ownership

Downloads 154 (325,974)

Ownership and Managerial Competition: Employee, Customer, or Outside Ownership

LSE STICERD Research Paper No. TE412
Number of pages: 43 Posted: 16 Jul 2008
Patrick Bolton and Chenggang Xu
Imperial College London and University of Hong Kong
Downloads 154 (326,281)

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Ownership and Managerial Competition: Employee, Customer, or Outside Ownership

Posted: 07 Jan 1999
Patrick Bolton and Chenggang Xu
Imperial College London and University of Hong Kong

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61.

Market and Public Liquidity

American Economic Review, Vol. 99, No. 2, 594-99, 2009, Economic Theory Center Working Paper No. 34-2012
Number of pages: 7 Posted: 22 Oct 2011
Patrick Bolton, Tano Santos and José A. Scheinkman
Imperial College London, Columbia Business School and Columbia University
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62.

Structuring and Restructuring Sovereign Debt: The Role of Seniority

Downloads 107 (430,016)
Citation 49

Structuring and Restructuring Sovereign Debt: The Role of Seniority

NBER Working Paper No. w11071
Number of pages: 62 Posted: 16 Feb 2005 Last Revised: 03 Apr 2022
Patrick Bolton and Olivier Jeanne
Imperial College London and International Monetary Fund (IMF) - Research Department
Downloads 88 (494,021)
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Structuring and Restructuring Sovereign Debt: The Role of Seniority

Number of pages: 63 Posted: 02 Jun 2005
Patrick Bolton and Olivier Jeanne
Imperial College London and International Monetary Fund (IMF) - Research Department
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Citation 5
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Sovereign debt, seniority, debt dilution, collective action clause, sovereign default

63.

Thinking Ahead: The Decision Problem

NBER Working Paper No. w11867
Number of pages: 48 Posted: 22 Jan 2006 Last Revised: 26 Dec 2022
Patrick Bolton and Antoine Faure-Grimaud
Imperial College London and London School of Economics
Downloads 103 (441,844)
Citation 1

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64.

The Political Economy of Debt Moratoria, Bailouts and Bankruptcy

IDB Working Paper No. 105
Number of pages: 37 Posted: 19 Apr 2011
Patrick Bolton and Howard Rosenthal
Imperial College London and New York University
Downloads 98 (457,028)
Citation 3

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65.

Dynamic Banking and the Value of Deposits

NBER Working Paper No. w26802
Number of pages: 66 Posted: 09 Mar 2020 Last Revised: 14 Apr 2023
Patrick Bolton, Neng Wang and Jinqiang Yang
Imperial College London, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 84 (503,726)

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66.

Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital

NBER Working Paper No. w20979
Number of pages: 65 Posted: 02 Mar 2015 Last Revised: 29 Apr 2023
Patrick Bolton, Neng Wang and Jinqiang Yang
Imperial College London, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 81 (514,724)
Citation 38

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67.

On Debt and Climate

Oxford Open Economics, 2023, 2, 1-6, Virginia Public Law and Legal Theory Research Paper No. 2023-66, Virginia Law and Economics Research Paper No. 2023-17
Number of pages: 6 Posted: 05 Oct 2023
Patrick Bolton, Lee C. Buchheit, Mitu Gulati, Ugo Panizza, Beatrice Weder di Mauro and Jeromin Zettelmeyer
Imperial College London, Center for Contract and Economic Organization, University of Virginia School of Law, Graduate Institute of International and Development Studies (IHEID) - Department of Economics, University of Geneva - Graduate Institute, Geneva (IHEID) and Bruegel
Downloads 75 (538,470)
Citation 1

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climate change, debt sustainability, debt relief, carbon offsets, green bonds

68.

The Dynamics of Optimal Risk Sharing

NBER Working Paper No. w16094
Number of pages: 65 Posted: 21 Jun 2010 Last Revised: 24 Jun 2023
Patrick Bolton and Christopher Harris
Imperial College London and University of Cambridge - Department of Applied Economics
Downloads 74 (542,562)

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69.

Satisficing Contracts

NBER Working Paper No. w14654
Number of pages: 46 Posted: 19 Jan 2009 Last Revised: 24 Jan 2022
Patrick Bolton and Antoine Faure-Grimaud
Imperial College London and London School of Economics
Downloads 72 (550,849)
Citation 6

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70.

Sovereign Default Risk and Bank Fragility in Financially Integrated Economies

Downloads 61 (600,397)
Citation 106

Sovereign Default Risk and Bank Fragility in Financially Integrated Economies

NBER Working Paper No. w16899
Number of pages: 47 Posted: 28 Mar 2011 Last Revised: 06 Mar 2022
Patrick Bolton and Olivier Jeanne
Imperial College London and Johns Hopkins University - Department of Economics
Downloads 51 (666,551)
Citation 34

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Sovereign Default Risk and Bank Fragility in Financially Integrated Economies

CEPR Discussion Paper No. DP8358
Number of pages: 48 Posted: 04 May 2011
Patrick Bolton and Olivier Jeanne
Imperial College London and Johns Hopkins University - Department of Economics
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Citation 17
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banking, collateral, European debt crisis, European Monetary Union, financial contagion, government debt, government default, international financial integration

71.

The Great Divide and Beyond - Financial Architecture in Transition

Number of pages: 56 Posted: 21 Feb 2003
Erik Berglöf and Patrick Bolton
Institute of Global Affairs, London School of Economics and Political Science and Imperial College London
Downloads 53 (642,006)
Citation 5
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Economic transition, financial development, fiscal discipline, rule of law

72.

Political Intervention in Debt Contracts

Posted: 07 Mar 2003
Patrick Bolton and Howard Rosenthal
Imperial College London and New York University

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73.

Predatory Pricing: Response to Critique and Further Elaboration

Posted: 07 Jan 2002
Joseph F. Brodley, Patrick Bolton and Michael H. Riordan
Boston University School of Law, Imperial College London and Columbia University - Columbia Business School

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Predatory pricing, strategic theory, below-cost pricing, recoupment, efficiencies defense, robustness of strategic theory, business justification, reputation effect, test market predation, cost-signalling, financial market predation, pricing below-cost, Brooke Group v. Brown & Williamson

74.

Equity, Bonds, and Bank Debt: Capital Structure and Financial Market Equilibrium Under Asymmetric Information

Posted: 30 Mar 2000
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra

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75.

Predatory Pricing: Strategic Theory and Legal Policy

Posted: 20 Mar 2000
Patrick Bolton, Joseph F. Brodley and Michael H. Riordan
Imperial College London, Boston University School of Law and Columbia University - Columbia Business School

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76.

A Dilution Cost Approach to Financial Intermediation and Securities Markets

Posted: 13 Aug 1998
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra

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77.

Optimal Debt Structure and the Number of Creditors

J. OF POLITICAL ECONOMY, February 1996
Posted: 03 Jul 1998
Patrick Bolton and David S. Scharfstein
Imperial College London and Harvard Business School - Finance Unit

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78.

The Breakup of Nations: A Political Economy Analysis

QUARTERLY JOURNAL OF ECONOMICS Vol CXII Issue 4, November 1997
Posted: 10 Jun 1998
Patrick Bolton and Gérard Roland
Imperial College London and University of California, Berkeley - Department of Economics

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