Joseph R. Mason

Louisiana State University - Ourso School of Business

2900 Business Education Complex

Baton Rouge, LA 70803

United States

University of Pennsylvania - Wharton Financial Institutions Center

3641 Locust Walk

Philadelphia, PA 19104-6218

United States

  • Louisiana State University - Ourso School of Business

    • Tel: 202-683-8909

  • University of Pennsylvania - Wharton Financial Institutions Center

SCHOLARLY PAPERS

34

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SSRN CITATIONS
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Top 3,256

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257

CROSSREF CITATIONS

251

Scholarly Papers (34)

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1.

Where Did the Risk Go? How Misapplied Bond Ratings Cause Mortgage Backed Securities and Collateralized Debt Obligation Market Disruptions

Number of pages: 87 Posted: 07 Nov 2007
Joseph R. Mason and Joshua Rosner
Louisiana State University - Ourso School of Business and Graham Fisher & Co.
Downloads 6,139 (2,236)
Citation 64

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subprime mortgage, bond ratings, collateralized debt obligations, CDO, RMBS, policy

2.

How Resilient are Mortgage Backed Securities to Collateralized Debt Obligation Market Disruptions?

Number of pages: 37 Posted: 07 Nov 2007
Joseph R. Mason and Joshua Rosner
Louisiana State University - Ourso School of Business and Graham Fisher & Co.
Downloads 1,901 (15,266)
Citation 14

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subprime mortgage, cllateralized debt obligations, structued finance, economic performance, recession

3.

Credit Card Securitization and Regulatory Arbitrage

Downloads 1,229 (29,559)
Citation 49

Credit Card Securitization and Regulatory Arbitrage

FRB of Philadelphia Working Paper No. 03-7
Number of pages: 36 Posted: 29 Jul 2004
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 1,229 (29,074)
Citation 49

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Credit Card Securitization

Credit Card Securitization and Regulatory Arbitrage

Journal of Financial Services Research, Vol. 26, No. 1, August 2004
Posted: 05 Aug 2004
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business

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Bank capital regulation, credit card banks, securitization

4.

Mortgage Loan Modification: Promises and Pitfalls

Number of pages: 22 Posted: 07 Nov 2007
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 977 (41,030)
Citation 9

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subprime mortgage, servicing, modification, mitigation, mortgage crisis

5.

Structuring for Leverage: CPDOs, SIVs, and ARSs

Number of pages: 23 Posted: 23 Oct 2008 Last Revised: 20 Nov 2008
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 805 (53,569)
Citation 1

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SIV, ARM, ARS, CPDO, Structured Finance. Structured Investment Vehicle, Auction Rate Market, Auction Rate Securitiy, Constant Proportional Debt Obligation

6.

Cliff Risk and the Credit Crisis

Number of pages: 14 Posted: 08 Nov 2008 Last Revised: 12 Nov 2008
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 787 (55,226)
Citation 3

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Securitization, RMBS, Servicing, Gain-on-sale Accounting, Credit Crisis

7.

A Real Options Approach to Bankruptcy Costs: Evidence from Failed Commercial Banks During the 1990s

Wharton Financial Institutions Center Working Paper No. 02-20
Number of pages: 40 Posted: 24 Sep 2002
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 664 (69,022)
Citation 4

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bankruptcy costs, real options, corporate finance, banks, bank failures

8.

Regulating for Financial System Development, Financial Institutions Stability, and Financial Innovation

Downloads 659 (69,692)
Citation 1

Regulating for Financial System Development, Financial Institutions Stability, and Financial Innovation

Number of pages: 16 Posted: 23 Apr 2009 Last Revised: 24 Jun 2009
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 526 (91,413)
Citation 1

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financial engineering, financial innovation, financial regulation, structured finance, securitization

Regulating for Financial System Development, Financial Institutions Stability, and Financial Innovation

Financial Market Regulation in the Wake of Financial Crises: The Historical Experience Conference p. 225, 2009
Number of pages: 16 Posted: 08 Jul 2012
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 133 (366,663)

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9.

Fundamentals, Panics and Bank Distress During the Depression

Number of pages: 56 Posted: 13 Dec 2002
Joseph R. Mason and Charles W. Calomiris
Louisiana State University - Ourso School of Business and Columbia University - Columbia Business School
Downloads 621 (75,133)
Citation 92

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banks, contagion, panic, distress, Great Depression

10.

Asset Sales, Recourse, and Investor Reactions to Initial Securitizations: Evidence Why Off-balance Sheet Accounting Treatment Does not Remove On-balance Sheet Financial Risk

Number of pages: 43 Posted: 22 May 2009 Last Revised: 11 Oct 2009
Joseph R. Mason, Eric James Higgins and Adi Mordel
Louisiana State University - Ourso School of Business, Kansas State University - College of Business Administration and Drexel University - Bennett S. LeBow College of Business
Downloads 598 (78,707)

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Bank Regulation, Securitization, Off-balance Sheet, Recourse, Bankruptcy-remote

11.

What is the Value of Recourse to Asset Backed Securities? A Clinical Study of Credit Card Banks

Federal Reserve Bank of Philadelphia Working Paper No. 03-6
Number of pages: 48 Posted: 27 Jul 2004
Eric James Higgins and Joseph R. Mason
Kansas State University - College of Business Administration and Louisiana State University - Ourso School of Business
Downloads 579 (81,876)
Citation 22

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Asset-backed financing, credit cards

12.

Subprime Servicer Reporting Can Do More for Modification than Government Subsidies

Number of pages: 65 Posted: 18 Mar 2009 Last Revised: 23 Mar 2009
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 429 (117,880)
Citation 4

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Subprime mortgage, servicing, modification, securitization

13.

Evidence on Indirect Bankruptcy Costs: Liquidation Rates, Opportunity Costs, and the Value of Intertemporal Asset Storage

Drexel University Working Paper No. 9906
Number of pages: 43 Posted: 14 May 1999
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 408 (124,949)
Citation 1

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14.

Too-Big-To-Fail, Government Bailouts, and Managerial Incentives: The Case of Reconstruction Finance Corporation Assistance to the Railroad Industry During the Great Depression

Number of pages: 39 Posted: 04 Feb 2009
Joseph R. Mason and Daniel Schiffman
Louisiana State University - Ourso School of Business and Ariel University - Department of Economics and Business Administration
Downloads 330 (157,930)
Citation 9

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Reconstruction Finance Corporation, RFC, Banking, Railroads, Public Policy

15.

Business Aggression, Institutional Loans, and Credit Crisis: Evidence from Lending Practices in Leveraged Buyouts

Number of pages: 36 Posted: 02 Apr 2009
Joseph R. Mason, Wei-Ling Song and Jerry Cao
Louisiana State University - Ourso School of Business, Louisiana State University and Independent
Downloads 321 (162,711)
Citation 2

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Credit crisis, Leveraged buyouts, bank loans, collateralized loan obligations, private equity

16.

Reconstruction Finance Corporation Assistance to Financial Intermediaries and Commercial & Industrial Enterprise in the US, 1932-1937

Number of pages: 48 Posted: 04 Feb 2009
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 283 (185,574)
Citation 7

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Reconstruction Finance Corporation, Great Depression, Crisis, Finance, Banking, Banks, Policy

17.

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Downloads 282 (186,215)

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Wharton Financial Institutions Center Working Paper No. 02-35
Number of pages: 48 Posted: 20 Sep 2002
Joseph R. Mason, James W. Kolari and Ali Anari
Louisiana State University - Ourso School of Business, Texas A&M University - Department of Finance and Texas A&M University - Mays Business School
Downloads 282 (185,225)
Citation 4

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Business cycles, persistence, bank failures, liquidation, bankruptcy costs

Bank Asset Liquidation and the Propagation of the U.S. Great Depression

Journal of Money, Credit, and Banking, Vol. 37, August 2005
Posted: 12 Oct 2007
Joseph R. Mason, James W. Kolari and Ali Anari
Louisiana State University - Ourso School of Business, Texas A&M University - Department of Finance and Texas A&M University - Mays Business School

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Business cycles, persistence, bank failures, liquidation, bankruptcy costs

18.

The Economic Impact of Eliminating Preemption of State Consumer Protection Laws

The University of Pennsylvania Journal of Business Law, Forthcoming
Number of pages: 34 Posted: 22 Sep 2009 Last Revised: 21 Jan 2020
Joseph R. Mason, Robert B. Kulick and Hal J. Singer
Louisiana State University - Ourso School of Business, NERA Economic Consulting and Econ One
Downloads 266 (198,375)

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banking, consumer protection, preemption, subprime mortgage crisis, Consumer Financial Protection Agency, CFPA

19.

ETF Corporate Bond Ownership and Market Quality

Number of pages: 50 Posted: 03 Feb 2020
Meredith E. Rhodes and Joseph R. Mason
University of North Texas, Ryan College of Business, Department of Finance, Insurance, Real Estate and Law and Louisiana State University - Ourso School of Business
Downloads 253 (207,685)
Citation 1

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Financial Intermediation, Fixed Income Securities, Bonds, Exchange-traded Funds, Information

20.

Deriving Credit Portfolio Diversification Properties from Large Asset-Backed Security Pools

Wharton Financial Institutions Working Paper No. 05-43
Number of pages: 84 Posted: 23 Dec 2005
Joseph R. Mason and Eric James Higgins
Louisiana State University - Ourso School of Business and Kansas State University - College of Business Administration
Downloads 238 (220,392)

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21.

The Summer of ‘07 and the Shortcomings of Financial Innovation

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 18, No. 2, 2008
Number of pages: 8 Posted: 09 Dec 2015
Joseph R. Mason
Louisiana State University - Ourso School of Business
Downloads 184 (279,438)

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22.

How to Restructure Failed Banking Systems: Lessons from the U.S. In the 1930's and Japan in the 1990's

NBER Working Paper No. w9624
Number of pages: 64 Posted: 19 Apr 2003 Last Revised: 26 Oct 2022
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 170 (299,438)

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23.

The Economics of the Proposed Mortgage Servicer Settlement

Number of pages: 31 Posted: 10 May 2011
Charles W. Calomiris, Eric James Higgins and Joseph R. Mason
Columbia University - Columbia Business School, Kansas State University - College of Business Administration and Louisiana State University - Ourso School of Business
Downloads 149 (334,550)
Citation 1

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24.

Resolving the Puzzle of the Underissuance of National Bank Notes

Downloads 138 (355,455)
Citation 8

Resolving the Puzzle of the Underissuance of National Bank Notes

FRB Philadelphia Working Paper No. 05-19
Number of pages: 61 Posted: 13 Oct 2005
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 85 (504,345)
Citation 8

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Resolving the Puzzle of the Underissuance of National Bank Notes

NBER Working Paper No. w10951
Number of pages: 53 Posted: 19 Dec 2004 Last Revised: 05 Jun 2022
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 53 (653,820)
Citation 2

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25.

Causes of U.S. Bank Distress During the Depression

NBER Working Paper No. w7919
Number of pages: 67 Posted: 28 Sep 2000 Last Revised: 22 Aug 2022
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 138 (355,455)

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26.

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

Downloads 120 (395,163)
Citation 6

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

Federal Reserve Bank of St. Louis Working Paper No. 2011-002A
Number of pages: 53 Posted: 10 Jan 2011
Charles W. Calomiris, Joseph R. Mason and David C. Wheelock
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 79 (527,511)

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reserve requirements, reserve demand, excess reserves, money multiplier

Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach

NBER Working Paper No. w16688
Number of pages: 53 Posted: 18 Jan 2011 Last Revised: 06 Feb 2022
Charles W. Calomiris, Joseph R. Mason and David C. Wheelock
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business and Federal Reserve Bank of St. Louis - Research Division
Downloads 41 (731,185)
Citation 1

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27.

Self-Reporting Under SEC Reg AB and Transparency in Securitization: Evidence from Loan-Level Disclosure of Risk Factors in RMBS Deals

The Journal of Risk Finance, 2014, Volume 15(4): pp. 334-384
Number of pages: 35 Posted: 20 Aug 2014 Last Revised: 03 Feb 2016
Joseph R. Mason, Michael B. Imerman and Hong Lee
Louisiana State University - Ourso School of Business, University of California, Irvine - Paul Merage School of Business and Wright State University
Downloads 115 (407,572)
Citation 1

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28.

Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic

Downloads 104 (438,193)

Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic

NBER Working Paper No. w4934
Number of pages: 41 Posted: 01 Aug 2000 Last Revised: 26 Dec 2022
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business
Downloads 104 (440,961)
Citation 10

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Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic

American Economic Review, December 1997
Posted: 09 Mar 1998
Charles W. Calomiris and Joseph R. Mason
Columbia University - Columbia Business School and Louisiana State University - Ourso School of Business

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29.

Mortgage Appraisal Quality, Risk Layering, and Loan Performance

Number of pages: 59 Posted: 18 Feb 2021 Last Revised: 07 Apr 2021
Hong Lee, James E. Larsen and Joseph R. Mason
Wright State University, Wright State University and Louisiana State University - Ourso School of Business
Downloads 82 (510,316)

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appraisal, Benford’s Law, cluster analysis, cognitive reference theory, financial crisis, machine learning, mortgage default, numeric distribution theory, risk layering

30.

Price Discovery in the Residential Mortgage-backed Security, Credit Default Swap, and ABX Markets

Number of pages: 38 Posted: 27 Nov 2017 Last Revised: 21 Jan 2020
Michael B. Imerman, Joseph R. Mason, Rajesh Narayanan and Meredith E. Rhodes
University of California, Irvine - Paul Merage School of Business, Louisiana State University - Ourso School of Business, Louisiana State University and University of North Texas, Ryan College of Business, Department of Finance, Insurance, Real Estate and Law
Downloads 69 (567,257)

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Mortgage-backed Securities; Credit Default Swaps, Index Securities, Price Discovery, Information Efficiency, Credit Crisis

31.

The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s

NBER Working Paper No. w18427
Number of pages: 58 Posted: 29 Sep 2012 Last Revised: 08 May 2023
Charles W. Calomiris, Joseph R. Mason, Marc Weidenmier and Katherine Bobroff
Columbia University - Columbia Business School, Louisiana State University - Ourso School of Business, Claremont McKenna College - Robert Day School of Economics and Finance and Harvard University - Business School (HBS)
Downloads 36 (748,420)
Citation 1

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32.

Asset-Backed Securities Downgrades as Evidence of Skin in the Game prior to the Mortgage Crisis

Number of pages: 37 Posted: 23 Mar 2009 Last Revised: 21 Jan 2020
Eric James Higgins, Joseph R. Mason and Adi Mordel
Kansas State University - College of Business Administration, Louisiana State University - Ourso School of Business and Drexel University - Bennett S. LeBow College of Business
Downloads 31 (786,163)
Citation 2

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Rating agencies, Asset-baked, Securitization, Market discipline

33.

The Summer of '07 and the Shortcomings of Financial Innovation

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 18, No. 1, 2008
Posted: 23 Apr 2009
Joseph R. Mason
Louisiana State University - Ourso School of Business

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subprime crisis, financial innovation

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Reconstruction Finance Corporation, lender of last resort, central bank policy