Douglas W. Diamond

University of Chicago - Booth School of Business

Merton H. Miller Distinguished Service Professor of Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

http://faculty.chicagobooth.edu/douglas.diamond/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

22

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Rank 2,156

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Top 2,156

in Total Papers Downloads

19,704

SSRN CITATIONS
Rank 175

SSRN RANKINGS

Top 175

in Total Papers Citations

982

CROSSREF CITATIONS

2,833

Scholarly Papers (22)

Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking

Number of pages: 51 Posted: 15 Aug 1998
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 5,168 (1,928)
Citation 154

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Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking

NBER Working Paper No. w7430
Number of pages: 55 Posted: 25 Jul 2000 Last Revised: 22 Apr 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 218 (175,531)
Citation 4

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2.
Downloads 3,535 ( 3,814)
Citation 338

A Theory of Bank Capital

Number of pages: 53 Posted: 09 Jun 1999
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 3,324 (4,155)
Citation 21

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A Theory of Bank Capital

NBER Working Paper No. w7431
Number of pages: 58 Posted: 25 May 2006 Last Revised: 23 Apr 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 211 (181,059)
Citation 57

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3.

Reforming Money Market Funds

Tuck School of Business Working Paper No. 2011-86, Rock Center for Corporate Governance at Stanford University Working Paper No. 109, Columbia Business School Research Paper No. 12-13
Number of pages: 10 Posted: 19 Jan 2011 Last Revised: 20 Feb 2012
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS), Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,800 (11,649)
Citation 3

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A Theory of Debt Maturity: The Long and Short of Debt Overhang

AFA 2011 Denver Meetings Paper, Chicago Booth Research Paper No. 12-31, Fama-Miller Working Paper
Number of pages: 48 Posted: 22 Jan 2010 Last Revised: 22 Aug 2012
Douglas W. Diamond and Zhiguo He
University of Chicago - Booth School of Business and University of Chicago - Finance
Downloads 1,220 (20,880)
Citation 41

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Wealth transfer, short-term debt crisis, underinvestment, endogenous default

A Theory of Debt Maturity: The Long and Short of Debt Overhang

NBER Working Paper No. w18160
Number of pages: 48 Posted: 16 Jun 2012 Last Revised: 14 Feb 2021
Douglas W. Diamond and Zhiguo He
University of Chicago - Booth School of Business and University of Chicago - Finance
Downloads 58 (454,054)
Citation 2

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5.

Financial Intermediation as Delegated Monitoring: A Simple Example

FRB Richmond Economic Quarterly, vol. 82, no. 3, Summer 1996, pp. 51-66
Number of pages: 16 Posted: 17 Nov 2012
Douglas W. Diamond
University of Chicago - Booth School of Business
Downloads 1,264 (20,119)
Citation 221

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6.

Banks and Liquidity Creation: A Simple Exposition of the Diamond-Dybvig Model

FRB Richmond Economic Quarterly, vol. 93, no. 2, Spring 2007, pp. 189-200
Number of pages: 12 Posted: 09 Dec 2012
Douglas W. Diamond
University of Chicago - Booth School of Business
Downloads 1,168 (22,655)
Citation 12

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Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications

Number of pages: 41 Posted: 31 Aug 2000
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 960 (29,619)
Citation 12

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Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications

NBER Working Paper No. w7764
Number of pages: 41 Posted: 18 Jul 2000 Last Revised: 21 Mar 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 101 (328,604)
Citation 1

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8.
Downloads 752 ( 42,113)
Citation 200

Liquidity Shortages and Banking Crises

Number of pages: 43 Posted: 02 Jan 2004
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 623 (53,471)

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Liquidity, Crises, Banking

Liquidity Shortages and Banking Crises

NBER Working Paper No. w8937
Number of pages: 55 Posted: 07 Nov 2003 Last Revised: 04 Jun 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 82 (375,390)
Citation 3

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Liquidity Shortages and Banking Crises

NBER Working Paper No. w10071
Number of pages: 44 Posted: 08 Jan 2012 Last Revised: 10 Jul 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 47 (499,748)
Citation 24

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9.

Aligning Incentives at Systemically Important Financial Institutions

Columbia Business School Research Paper No. 13-18, Fisher College of Business Working Paper
Number of pages: 7 Posted: 28 Mar 2013
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 723 (44,435)
Citation 1

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Bonus, compensation, contingent convertible bonds, capital, regulation, financial crisis

10.
Downloads 714 ( 45,192)
Citation 73

Money in a Theory of Banking

Number of pages: 49 Posted: 15 Dec 2003
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 592 (57,063)

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Liquidity, Money, Monetary Policy, Banking

Money in a Theory of Banking

NBER Working Paper No. w10070
Number of pages: 47 Posted: 22 Feb 2005 Last Revised: 09 Jul 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 122 (287,679)
Citation 13

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11.

The Credit Crisis: Conjectures About Causes and Remedies

NBER Working Paper No. w14739
Number of pages: 15 Posted: 21 Feb 2009 Last Revised: 11 Apr 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 573 (60,114)
Citation 13

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12.
Downloads 417 ( 88,530)
Citation 14

Fear of Fire Sales and the Credit Freeze

BIS Working Paper No. 305
Number of pages: 41 Posted: 05 May 2010
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 250 (153,602)
Citation 15

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Fire sales, illiquid securities, bank fragility, prudential policy

Fear of Fire Sales and the Credit Freeze

NBER Working Paper No. w14925
Number of pages: 41 Posted: 29 Apr 2009 Last Revised: 14 Oct 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 167 (223,370)

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13.

Liquidity, Banks, and Markets: Effects of Financial Development on Banks and the Maturity of Financial Claims

Number of pages: 38 Posted: 20 Apr 2016
Douglas W. Diamond
University of Chicago - Booth School of Business
Downloads 334 (113,960)
Citation 13

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14.

Corporate Capital Structure: The Control Roles of Bank and Public Debt with Taxes and Costly Bankruptcy

FRB Richmond Economic Quarterly, vol. 80, no. 2, Spring 1994, pp. 11-37
Number of pages: 27 Posted: 14 Nov 2012
Douglas W. Diamond
University of Chicago - Booth School of Business
Downloads 189 (200,460)

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15.

Illiquidity and Interest Rate Policy

NBER Working Paper No. w15197
Number of pages: 47 Posted: 04 Aug 2009 Last Revised: 12 Jul 2010
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 128 (276,232)

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16.
Downloads 121 (288,056)
Citation 1

Liquidity, Pledgeability, and the Nature of Lending

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-09
Number of pages: 60 Posted: 25 Jan 2021
Douglas W. Diamond, Yunzhi Hu and Raghuram G. Rajan
University of Chicago - Booth School of Business, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Chicago - Booth School of Business
Downloads 119 (292,933)

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liquidity, pledgeability, financial cycle, monitoring, loans, performance-pricing debt, intermediary capital

Liquidity, Pledgeability, and the Nature of Lending

NBER Working Paper No. w28377
Number of pages: 59 Posted: 27 Jan 2021 Last Revised: 16 Jul 2021
Douglas W. Diamond, Yunzhi Hu and Raghuram G. Rajan
University of Chicago - Booth School of Business, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Chicago - Booth School of Business
Downloads 2 (814,953)
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17.

Illiquid Banks, Financial Stability, and Interest Rate Policy

NBER Working Paper No. w16994
Number of pages: 55 Posted: 02 May 2011 Last Revised: 09 Jun 2021
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 82 (371,798)
Citation 20

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18.

Should Banks Be Recapitalized?

FRB Richmond Economic Quarterly, Vol. 87, No. 4, Fall 2001, pp. 71-96
Number of pages: 26 Posted: 30 Nov 2012
Douglas W. Diamond
University of Chicago - Booth School of Business
Downloads 74 (394,342)
Citation 5

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19.

Pledgeability, Industry Liquidity, and Financing Cycles

NBER Working Paper No. w23055
Number of pages: 52 Posted: 17 Jan 2017 Last Revised: 01 Jul 2021
Douglas W. Diamond, Yunzhi Hu and Raghuram G. Rajan
University of Chicago - Booth School of Business, University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Chicago - Booth School of Business
Downloads 63 (429,623)
Citation 3

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20.

Liquidity Requirements, Liquidity Choice and Financial Stability

NBER Working Paper No. w22053
Number of pages: 45 Posted: 07 Mar 2016 Last Revised: 07 Oct 2021
Douglas W. Diamond and Anil K. Kashyap
University of Chicago - Booth School of Business and University of Chicago, Booth School of Business
Downloads 35 (547,585)
Citation 10

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21.

The Squam Lake Report: Fixing the Financial System

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 8-21, Summer 2010
Number of pages: 16 Posted: 04 Oct 2010
Dartmouth College - Tuck School of Business, Institute for International Economics, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, University of Chicago - Booth School of Business, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Bank for International Settlements (BIS), Dartmouth College - Tuck School of Business, Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 7 (739,713)
Citation 4
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22.

Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 37-40, 2013
Number of pages: 6 Posted: 23 Dec 2013
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 0 (808,866)
Citation 1
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