Charles M. Kahn

University of Illinois, Urbana-Champaign

Professor Emeritus

Department of Finance

340 Wohlers Hall

Champaign, IL 61820

United States

http://kahnfrance.com/cmk/

Feseral Reserve Bank of Saint Louis

Research Fellow

411 Locust St

Saint Louis, MO 63011

United States

Bank of Canada

Visiting Scholar

234 Wellington Street

Ontario, Ottawa K1A 0G9

Canada

SCHOLARLY PAPERS

36

DOWNLOADS
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CITATIONS
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207

Scholarly Papers (36)

Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision

AFA 2002 Atlanta Meetings, BIS Working Paper No. 102
Number of pages: 46 Posted: 13 Dec 2005
Charles M. Kahn and João A. C. Santos
University of Illinois, Urbana-Champaign and Federal Reserve Bank of New York
Downloads 958 (18,187)
Citation 36

Abstract:

Allocating Bank Regulatory Powers: Lender of Last Resort, Deposit Insurance and Supervision

European Economic Review, Vol. 49, No. 8, pp. 2107-2136, 2005
Posted: 26 Aug 2005
Charles M. Kahn and João A. C. Santos
University of Illinois, Urbana-Champaign and Federal Reserve Bank of New York

Abstract:

2.

Moral Hazard and Optimal Subsidiary Structure for Financial Institutions

AFA 2002 Atlanta Meetings
Number of pages: 43 Posted: 26 Aug 2001
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 584 (35,801)
Citation 17

Abstract:

financial institutions, subsidiaries, securitization, risk-shifting, moral hazard, corporate structure

3.

Liquidity, Payment and Endogenous Financial Fragility

EFA 2005 Moscow Meetings Paper
Number of pages: 36 Posted: 06 Mar 2005 Last Revised: 04 May 2010
Charles M. Kahn and João A. C. Santos
University of Illinois, Urbana-Champaign and Federal Reserve Bank of New York
Downloads 367 (62,037)
Citation 9

Abstract:

Systemic risk, liquidity, payment services, bank regulation

4.

Sources of Liquidity and Liquidity Shortages

AFA 2012 Chicago Meetings Paper
Number of pages: 31 Posted: 28 Feb 2011 Last Revised: 22 Jun 2017
Charles M. Kahn and Wolf Wagner
University of Illinois, Urbana-Champaign and Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)
Downloads 363 (50,782)

Abstract:

liquidity sources, liquidity regulation, public liquidity

5.

Allocating Lending of Last Resort and Supervision in the Euro Area

Number of pages: 25 Posted: 24 May 2002
Charles M. Kahn and João A. C. Santos
University of Illinois, Urbana-Champaign and Federal Reserve Bank of New York
Downloads 362 (66,194)
Citation 8

Abstract:

The CLS Bank: A Solution to the Risks of International Payments Settlement?

FRB of Atlanta Working Paper No. 2000-15
Number of pages: 50 Posted: 30 Oct 2000
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 358 (67,769)
Citation 8

Abstract:

foreign exchange, settlement risk

The CLS Bank: A Solution to the Risks of International Payments Settlement?

Carnegie-Rochester Conf. Series on Public Policy
Posted: 01 Feb 2001
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta

Abstract:

Foreign exchange, settlement risk

7.

Credit and Identity Theft

FRB of Atlanta Working Paper No. 2005-19
Number of pages: 34 Posted: 13 Oct 2005
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 274 (85,567)
Citation 8

Abstract:

identity theft, fraud, money, search

8.

Identity Theft and Consumer Payment Choice: Does Security Really Matter?

Number of pages: 50 Posted: 16 Feb 2012 Last Revised: 28 Apr 2014
Charles M. Kahn and José Manuel Liñares-Zegarra
University of Illinois, Urbana-Champaign and University of Essex - Essex Business School
Downloads 251 (90,712)
Citation 1

Abstract:

identity theft, payment choice, Heckman selection model

9.
Downloads 236 (108,301)
Citation 3

A Theory of Transactions Privacy

FRB Atlanta Working Paper No. 2000-22
Number of pages: 29 Posted: 03 Dec 2000
Charles M. Kahn, James McAndrews and William Roberds
University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York and Federal Reserve Bank of Atlanta
Downloads 123 (193,799)
Citation 3

Abstract:

A Theory of Transactions Privacy

FRB Atlanta Working Paper No. 2000-22
Number of pages: 29 Posted: 19 Jan 2001
Charles M. Kahn, James McAndrews and William Roberds
University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York and Federal Reserve Bank of Atlanta
Downloads 113 (206,668)
Citation 3

Abstract:

Privacy, transactions, Internet, e-money

10.

Settlement Risk under Gross and Net Settlement

FRB of New York Staff Report No. 86
Number of pages: 34 Posted: 09 Oct 2006
Charles M. Kahn, James McAndrews and William Roberds
University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York and Federal Reserve Bank of Atlanta
Downloads 214 (105,459)
Citation 13

Abstract:

clearing, settlement, settlement risk

11.

Transferability, Finality, and Debt Settlement

FRB Atlanta Working Paper No. 2001-18b
Number of pages: 61 Posted: 04 Nov 2001
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 140 (167,470)
Citation 7

Abstract:

settlement, finality, negotiability

12.

Payments Settlement Under Limited Enforcement: Private Versus Public Systems

FRB of Atlanta Working Paper No. 2002-33
Number of pages: 30 Posted: 11 Mar 2003
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 128 (180,441)
Citation 2

Abstract:

payment systems, limited enforcement, settlement risk

13.

Systemic Risk and Optimal Regulatory Architecture

IMF Working Paper No. 11/193
Number of pages: 25 Posted: 16 Aug 2011
International Monetary Fund (IMF), University of Illinois, Urbana-Champaign, International Monetary Fund (IMF) and University of Amsterdam - Finance Group
Downloads 113 (193,072)
Citation 1

Abstract:

14.
Downloads 111 (208,445)
Citation 4

Money is Privacy

FRB of Atlanta Working Paper No. 2004-18
Number of pages: 24 Posted: 27 Aug 2004
Charles M. Kahn, James McAndrews and William Roberds
University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York and Federal Reserve Bank of Atlanta
Downloads 96 (232,263)
Citation 4

Abstract:

Money, privacy, memory, search

Money is Privacy

International Economic Review, Vol. 46, No. 2, pp. 377-399, May 2005
Number of pages: 23 Posted: 05 May 2005
Charles M. Kahn, James McAndrews and William Roberds
University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York and Federal Reserve Bank of Atlanta
Downloads 15 (493,487)
Citation 4
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Abstract:

15.

Governance through Threats of Intervention and Exit

Number of pages: 55 Posted: 20 Nov 2014 Last Revised: 14 Jul 2016
Vyacheslav Fos and Charles M. Kahn
Boston College - Department of Finance and University of Illinois, Urbana-Champaign
Downloads 87 (87,990)

Abstract:

corporate governance; stock liquidity; disciplinary effects; Wall Street walk

16.

Repos, Fire Sales, and Bankruptcy Policy

FRB of Chicago Working Paper No. 2012-15
Number of pages: 26 Posted: 15 Dec 2012
Washington University in St. Louis - Department of Economics, Board of Governors of the Federal Reserve System, University of Illinois, Urbana-Champaign, Federal Reserve Bank of New York - Research and Statistics, Federal Reserve Board - Payment System Studies and Federal Reserve Bank of Cleveland
Downloads 57 (271,164)
Citation 3

Abstract:

Fire Sales, Repos, Bankruptcy Policy

17.

The Efficiency of Self-Regulated Payments Systems: Learning from the Suffolk System

NBER Working Paper No. w5442
Number of pages: 50 Posted: 21 Jun 2000
Charles W. Calomiris and Charles M. Kahn
Columbia University - Columbia Business School and University of Illinois, Urbana-Champaign
Downloads 33 (358,963)
Citation 19

Abstract:

18.

Liquidity Freezes Under Adverse Selection

Number of pages: 53 Posted: 01 Apr 2014 Last Revised: 09 Jul 2016
José Jorge and Charles M. Kahn
Universidade do Porto, Faculdade de Economia. CEF.UP and University of Illinois, Urbana-Champaign
Downloads 28 (333,938)

Abstract:

liquidity; adverse selection; funding liquidity risk; financial market freezes

19.

Bank Deposit Rate Clustering: Theory and Empirical Evidence

FRB of Cleveland Working Paper No. 9604
Number of pages: 32 Posted: 17 Jan 2015
Charles M. Kahn, George Pennacchi and Ben J. Sopranzetti
University of Illinois, Urbana-Champaign, University of Illinois and Rutgers, The State University of New Jersey - New Brunswick/Piscataway
Downloads 14 (384,201)
Citation 23

Abstract:

20.

Wage-Employment Contracts: Global Results

NBER Working Paper No. w0675
Number of pages: 25 Posted: 18 Aug 2004
Jerry Green and Charles M. Kahn
Harvard University, HBS Negotiations, Organizations and Markets Unit; Dept. of Economics and University of Illinois, Urbana-Champaign
Downloads 14 (454,333)
Citation 10

Abstract:

21.

Payment System Settlement and Bank Incentives

FRB Atlanta Working Paper No. 96-10
Number of pages: 31 Posted: 08 Oct 2014 Last Revised: 25 Jan 2015
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 7 (475,049)
Citation 18

Abstract:

22.

Real-Time Gross Settlement and the Costs of Immediacy

FRB Atlanta Working Paper Series No. 98-21a
Number of pages: 30 Posted: 25 Jan 2015
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta
Downloads 4 (459,547)
Citation 17

Abstract:

payments, money, real-time gross settlement

23.

Collateral, Rehypothecation, and Efficiency

Number of pages: 33 Posted: 27 Jun 2017
Hyejin Park and Charles M. Kahn
University of Illinois at Urbana-Champaign - Department of Economics and University of Illinois, Urbana-Champaign
Downloads 0 (428,337)

Abstract:

collateral, rehypothecation, moral hazard, misallocation

24.

Are There Social Spillovers in Consumers’ Security Assessments of Payment Instruments?

FRB of Boston Working Paper No. 16-19
Number of pages: 44 Posted: 14 Dec 2016
University of Illinois, Urbana-Champaign, University of Essex and Federal Reserve Bank of Boston
Downloads 0 (505,749)

Abstract:

25.

Exclusion and Moral Hazard: The Case of Identical Demand

Journal of Public Economics, Volume 52, Issue 2, September 1993, Pages 217–235, University of Alberta School of Business Research Paper No. 2013-1190,
Posted: 05 Jan 2016
Emilson Caputo Delfino Silva and Charles M. Kahn
University of Alberta - Department of Marketing, Business Economics & Law and University of Illinois, Urbana-Champaign

Abstract:

What Problem Banks Reveal About Future Financial Distress: Evidence from the Late 2000s Financial Crisis

Posted: 21 Aug 2011 Last Revised: 02 Jun 2013
Charles M. Kahn and Nikolaos I. Papanikolaou
University of Illinois, Urbana-Champaign and Bournemouth University - Business School

Abstract:

financial crisis, problem banks, bankruptcy prediction, bailout probability, dynamic analysis

What Problem Banks Reveal About Future Financial Distress: Evidence from the Late 2000s Financial Crisis

29th International Conference of the French Finance Association (AFFI) 2012
Posted: 23 Oct 2012 Last Revised: 02 Jun 2013
Charles M. Kahn and Nikolaos I. Papanikolaou
University of Illinois, Urbana-Champaign and Bournemouth University - Business School

Abstract:

financial crisis, problem banks, bankruptcy prediction, bailout probability, dynamic analysis

27.

The Economic Functions of Referrals and Referral Fee

The Journal of Real Estate Finance & Economics, Vol. 23, No. 3
Posted: 17 May 2002
Peter F. Colwell and Charles M. Kahn
University of Illinois and University of Illinois, Urbana-Champaign

Abstract:

28.

Multi-Unit Auctions in Which Almost Every Bid Wins

University of Illinois, Bureau of Economics & Business Research Working Paper No. 98-0120
Posted: 27 Oct 1999
Richard Engelbrecht-Wiggans and Charles M. Kahn
University of Illinois at Urbana-Champaign - Department of Business Administration and University of Illinois, Urbana-Champaign

Abstract:

29.

Strategic Transmission of Information and Short-Term Commitment

Economic Theory, Vol. 14, Iss. 1, July 1999
Posted: 04 Oct 1999
Charles M. Kahn and Theofanis Tsoulouhas
University of Illinois, Urbana-Champaign and University of California-Merced, School of Social Sciences, Humanities & Arts, The Ernest & Julio Gallo Management Program

Abstract:

30.

Low Revenue Equilibria in Simultaneous Ascending Price Auctions

University of Illinois, Bureau of Economics & Business Research, Working Paper No. 98-0121
Posted: 13 Apr 1999
Richard Engelbrecht-Wiggans and Charles M. Kahn
University of Illinois at Urbana-Champaign - Department of Business Administration and University of Illinois, Urbana-Champaign

Abstract:

31.

Multi-Unit Auctions With Uniform Prices

Economic Theory, Vol. 12, Iss. 2, August 1998
Posted: 04 Oct 1998
Richard Engelbrecht-Wiggans and Charles M. Kahn
University of Illinois at Urbana-Champaign - Department of Business Administration and University of Illinois, Urbana-Champaign

Abstract:

32.

Demandable Debt as a Means of Payment: Banknotes versus Checks

FRB Atlanta Public Affairs Department WP No. 98-5
Posted: 22 Sep 1998
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta

Abstract:

33.

On the Efficiency of Cash Settlement

WP 95-11
Posted: 02 Jul 1998
Charles M. Kahn and William Roberds
University of Illinois, Urbana-Champaign and Federal Reserve Bank of Atlanta

Abstract:

34.

Ownership Structure, Liquidity Demand, and Shareholder Monitoring

Posted: 16 May 1998
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

35.

Competition and Incentives with Non-Exclusive Contracts

Posted: 17 Sep 1997
Dilip Mookherjee and Charles M. Kahn
Boston University - Department of Economics and University of Illinois, Urbana-Champaign

Abstract:

36.

Ownership Structure, Speculation, and Shareholder Intervention

Finance Department Working Paper No. 220
Posted: 15 Jan 1997
Charles M. Kahn and Andrew Winton
University of Illinois, Urbana-Champaign and University of Minnesota - Twin Cities - Carlson School of Management

Abstract: