"A Review of Bank Funding Cost Differentials” November, 2013.
"Removing the Punchbowl: Central Bank Exit Strategies” BIM-BIS Speech, December 2009, pp 1-10.
"The Response of the Federal Reserve to the Recent Banking and Financial Crisis” December 2009, pp 1-47, With William Melick.
“Making Markets More Robust” Prepared for Alvin Hansen Symposium, Harvard University, April 30, 2009, pp 1-34.
“Banking Crises, Financial Dependence, and Growth,” Journal of Financial Economics, April 2007, 84(1), 187-228, with Luc Laeven and Daniela Klingebiel.
“Corporate Campaign Contributions, Repeat Giving, and the Rewards to Legislator Reputation,” Journal of Law and Economics, April 2005, 48(1), 41-72, with Thomas Stratmann.
“The Economics of Corporate Governance Reform,” Journal of Applied Corporate Finance, Spring/Summer 2004, 16(2-3), 42-50.
“Sovereign Debt Restructuring,” American Economic Review, May 2003, 93(2), 75-79.
“Economic Organization and Competition Policy,” Yale Journal on Regulation, Summer 2002, 19(2), 541-97, with Wallace Mullin, Judson Jaffe, and Cindy Alexander.
“Bankers on Boards: Monitoring, Conflicts of Interest, and Lender Liability,” Journal of Financial Economics, December 2001, 62(3), 415-52, with Philip Strahan
“The Rise in Managerial Stock Ownership,” Journal of Applied Corporate Finance, Fall 2000, 8-18, with Clifford Holderness and Dennis Sheehan.
“Congressional Committees as Reputation-Building Mechanisms: Repeat PAC Giving and Seniority on the House Banking Committee,” Business and Politics, April 2000, 35-52, with Thomas Stratmann.
"What Drives Deregulation? Economics and Politics of the Relaxation of Bank Branching Restrictions in the United States," Quarterly Journal of Economics, November 1999, 1437-67, with Philip Strahan.
"Interests, Institutions, and Ideology in Securing Policy Change: The Republican Conversion to Trade Liberalization after Smoot-Hawley," Journal of Law and Economics, October 1999, 643-73, with Douglas Irwin.
"Can the Financial Markets Privately Regulate Risk? The Development of Derivatives Clearing Houses and Recent Over-the-Counter Innovations," Journal of Money, Credit, and Banking, August 1999, 569-618.
"Were the Good Old Days that Good? Changes in Managerial Stock Ownership since the Great Depression," Journal of Finance, April 1999, 435-69, with Clifford Holderness and Dennis Sheehan (winner of the Brattle Prize for Best Corporate Finance Paper in the Journal of Finance).
"Interest Group Competition and the Organization of Congress: Theory and Evidence from Financial Services Political Action Committees," American Economic Review, December 1998, 1163-87, with Thomas Stratmann.
"The Political Economy of Banking and Financial Regulatory Reform in Emerging Markets," Research in Financial Services, vol. 10, 1998, 33-51.
"Rethinking Banking Regulation: A Review of the Historical Evidence," Journal of Applied Corporate Finance, Summer 1998, 48-58.
"Organization Structure and Credibility: Evidence from Commercial Bank Securities Activities before the Glass-Steagall Act," Journal of Monetary Economics, August 1997, 475-516, with Raghuram G. Rajan.
"Log-Rolling and Economic Interests in the Passage of the Smoot-Hawley Tariff," Carnegie-Rochester Conference Series on Public Policy, December 1996, 173-200, with Douglas A. Irwin.
"Regulatory Incentives and the Thrift Crisis: Dividends, Mutual-to-Stock Conversions, and Financial Distress in the Thrift Industry," Journal of Finance, September 1996, 1285-1320, with Philip E. Strahan (nominated for the Smith Breeden Prize for best paper of the year in the Journal of Finance).
"Is the Glass-Steagall Act Justified? A Study of the U. S. Experience with Universal Banking before 1933," American Economic Review, September 1994, 810-32, with Raghuram G. Rajan.
"Money's Marketability Premium and the Microfoundations of Keynes' Theory of Money and Interest," Cambridge Journal of Economics, August 1994, 379-90, with Tyler Cowen.
"German-Language Precursors of the New Monetary Economics," Journal of Institutional and Theoretical Economics (Zeitschrift fuer die gesamte Staatswissenschaft), September 1992, 387-410, with Tyler Cowen.
"Empirical Predictions of the New Monetary Economics: Perspectives on Velocity," Journal of Policy Modelling, Summer 1990, 265-79, with Tyler Cowen.
"Scottish Banking Before 1845: A Model for Laissez-Faire?" Journal of Money, Credit, and Banking, May 1989, 221-31, with Tyler Cowen (reprinted in Lawrence H. White, ed., International Library of Macroeconomic and Financial History, no. 11, Aldershot, UK: Elgar 1993).
"The Development of the New Monetary Economics," Journal of Political Economy, June 1987, 567-90, with Tyler Cowen (reprinted in Lawrence H. White, ed., International Library of Macroeconomic and Financial History, no. 11, Aldershot, UK: Elgar, 1993).