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

DOWNLOADS
Rank 2,875

SSRN RANKINGS

Top 2,875

in Total Papers Downloads

24,110

TOTAL CITATIONS
Rank 219

SSRN RANKINGS

Top 219

in Total Papers Citations

1,289

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 5,609 (3,077)
Citation 309

Abstract:

Loading...

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: 26 Oct 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 307 (201,810)
Citation 4

Abstract:

Loading...

2.
Downloads 3,996 ( 5,543)
Citation 80

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 3,647 (6,375)
Citation 23

Abstract:

Loading...

A Theory of Bank Capital

NBER Working Paper No. w7431
Number of pages: 58 Posted: 25 May 2006 Last Revised: 26 Oct 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 349 (175,741)
Citation 57

Abstract:

Loading...

3.

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 2,479 (11,966)
Citation 27

Abstract:

Loading...

4.

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 University - Columbia Business School, Finance, 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 2,002 (16,844)
Citation 4

Abstract:

Loading...

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 1,748 (20,872)
Citation 580

Abstract:

Loading...

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 Stanford University - Knight Management Center
Downloads 1,348 (30,343)
Citation 41

Abstract:

Loading...

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: 13 Feb 2023
Douglas W. Diamond and Zhiguo He
University of Chicago - Booth School of Business and Stanford University - Knight Management Center
Downloads 97 (561,626)
Citation 12

Abstract:

Loading...

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 1,018 (45,565)
Citation 12

Abstract:

Loading...

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: 19 Sep 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 156 (387,591)
Citation 1

Abstract:

Loading...

8.
Downloads 959 (50,349)
Citation 46

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 695 (76,324)

Abstract:

Loading...

Liquidity, Crises, Banking

Liquidity Shortages and Banking Crises

NBER Working Paper No. w8937
Number of pages: 55 Posted: 07 Nov 2003 Last Revised: 04 Dec 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 176 (348,681)
Citation 3

Abstract:

Loading...

Liquidity Shortages and Banking Crises

NBER Working Paper No. w10071
Number of pages: 44 Posted: 08 Jan 2012 Last Revised: 10 Jul 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 88 (598,077)
Citation 43

Abstract:

Loading...

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 University - Columbia Business School, Finance, 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 848 (59,563)
Citation 1

Abstract:

Loading...

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

10.
Downloads 836 (60,747)
Citation 27

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 673 (79,501)

Abstract:

Loading...

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 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 163 (373,100)
Citation 27

Abstract:

Loading...

11.

The Credit Crisis: Conjectures About Causes and Remedies

NBER Working Paper No. w14739
Number of pages: 15 Posted: 21 Feb 2009 Last Revised: 10 Oct 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 636 (86,672)
Citation 36

Abstract:

Loading...

12.
Downloads 479 (123,286)
Citation 15

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 280 (222,488)
Citation 15

Abstract:

Loading...

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 2022
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 199 (311,369)

Abstract:

Loading...

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 383 (159,959)
Citation 26

Abstract:

Loading...

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 237 (264,723)

Abstract:

Loading...

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 201 (308,457)

Abstract:

Loading...

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 2023
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 26 (1,035,080)

Abstract:

Loading...

16.

Illiquidity and Interest Rate Policy

NBER Working Paper No. w15197
Number of pages: 47 Posted: 04 Aug 2009 Last Revised: 12 Jul 2023
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 165 (369,455)

Abstract:

Loading...

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 2023
Douglas W. Diamond and Raghuram G. Rajan
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 131 (445,840)
Citation 20

Abstract:

Loading...

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 130 (448,567)
Citation 11

Abstract:

Loading...

19.

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: 01 Mar 2023
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 University - Columbia Business School, Finance, 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 108 (516,154)
Citation 1

Abstract:

Loading...

20.

Pledgeability, Industry Liquidity, and Financing Cycles

NBER Working Paper No. w23055
Number of pages: 52 Posted: 17 Jan 2017 Last Revised: 01 Jul 2023
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 108 (516,154)
Citation 3

Abstract:

Loading...

21.

Liquidity Requirements, Liquidity Choice and Financial Stability

NBER Working Paper No. w22053
Number of pages: 45 Posted: 07 Mar 2016 Last Revised: 05 Apr 2023
Douglas W. Diamond and Anil K. Kashyap
University of Chicago - Booth School of Business and University of Chicago, Booth School of Business
Downloads 87 (603,434)
Citation 33

Abstract:

Loading...

The Long and Short of Financial Development

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2025-20
Number of pages: 59 Posted: 03 Feb 2025
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 8 (1,257,430)

Abstract:

Loading...

The Long and Short of Financial Development

NBER Working Paper No. w33416
Number of pages: 59 Posted: 04 Feb 2025
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 8 (1,257,430)
  • Add to Cart

Abstract:

Loading...