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Citations of
Stephen D. Williamson

For current contact information and a more complete listing of works, please see here

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Working papers

  1. Stephen D. Williamson, 2006. "Transactions, Credit, and Central Banking in a Model of Segmented Markets," 2006 Meeting Papers 287, Society for Economic Dynamics. [Downloadable!]

    Cited by:

    1. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]

  2. Stephen D. Williamson, 2005. "Monetary Policy and Distribution," 2005 Meeting Papers 379, Society for Economic Dynamics. [Downloadable!]

    Cited by:

    1. Stephen D. Williamson, 2009. "Transactions, Credit, and Central Banking in a Model of Segmented Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(2), pages 344-362, April. [Downloadable!] (restricted)
    2. Ippei Fujiwara & Yuki Teranishi, 2007. "A Dynamic New Keynesian Life-Cycle Model: Societal Ageing, Demographics and Monetary Policy," IMES Discussion Paper Series 07-E-04, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
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    3. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    4. Aubhik Khan & Julia Thomas, 2007. "Inflation and interest rates with endogenous market segmentation," Working Papers 07-1, Federal Reserve Bank of Philadelphia. [Downloadable!]
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    5. Allen Head & Alok Kumar & Beverly Lapham, 2006. "Market Power, Price Adjustment, and Inflation," Working Papers 1089, Queen's University, Department of Economics. [Downloadable!]
    6. Shouyong Shi, 2006. "Welfare Improvement from Restricting the Liquidity of Nominal Bonds," Working Papers tecipa-212, University of Toronto, Department of Economics. [Downloadable!]
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  3. Stephen Williamson, 2004. "Search, Limited Participation, and Monetary Policy," 2004 Meeting Papers 214, Society for Economic Dynamics. [Downloadable!]
    Published as:

    Cited by:

    1. Stephen D. Williamson, 2009. "Transactions, Credit, and Central Banking in a Model of Segmented Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(2), pages 344-362, April. [Downloadable!] (restricted)
    2. Piti Disyatat, 2008. "Monetary policy implementation: Misconceptions and their consequences," BIS Working Papers 269, Bank for International Settlements. [Downloadable!]
    3. Aleksander Berentsen & Guido Menzio & Randall Wright, 2008. "Inflation and Unemployment in the Long Run," PIER Working Paper Archive 08-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
      Other versions:
    4. Jonathan Chiu & Miguel Molico, 2008. "Uncertainty, Inflation, and Welfare," Working Papers 08-13, Bank of Canada. [Downloadable!]
    5. Miguel Molico & Yahong Zhang, 2006. "Monetary Policy and the Distribution of Money and Capital," Computing in Economics and Finance 2006 136, Society for Computational Economics. [Downloadable!]
    6. Ben R. Craig & Guillaume Rocheteau, 2005. "State-dependent pricing, inflation, and welfare in search economies," Working Paper 0504, Federal Reserve Bank of Cleveland. [Downloadable!]
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    7. Zeno Enders, 2006. "Slow Money Dissemination," Economics Working Papers ECO2006/25, European University Institute. [Downloadable!]
    8. Huberto M. Ennis, 2007. "Avoiding the inflation tax," Working Paper 07-06, Federal Reserve Bank of Richmond. [Downloadable!]
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    9. David Andolfatto, 2007. "Incentives and the Limits to Deflationary Policy," Discussion Papers dp07-14, Department of Economics, Simon Fraser University. [Downloadable!]
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    10. Frederick H.Wallace & Gary L. Shelley, 2007. "Long Run Neutrality of Money in Mexico," Economia Mexicana NUEVA EPOCA, , vol. 0(2), pages 219-238, July-Dece. [Downloadable!]

  4. Williamson, Stephen D. & Wang, Cheng, 1999. "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Working Papers 99-03, University of Iowa, Department of Economics. [Downloadable!]
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    Published as:

    Cited by:

    1. Kartik Athreya & Nicole B. Simpson, 2004. "Unsecured debt with public insurance : from bad to worse," Working Paper 03-14, Federal Reserve Bank of Richmond. [Downloadable!]
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    2. Yann Algan, 2004. "Incomplete Unemployment Insurance under Aggregate Fluctuations," Economics Bulletin, Economics Bulletin, vol. 5(12), pages 1-7. [Downloadable!]
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    3. Rasmus Lentz, 2009. "Optimal Unemployment Insurance in an Estimated Job Search Model with Savings," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 37-57, January. [Downloadable!] (restricted)
    4. Mukoyama, Toshihiko & Sahin, Aysegül, 2004. "Repeated Moral Hazard with Persistence," Cahiers de recherche 01-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
      Other versions:
    5. Stephane Pallage & Christian Zimmermann, 2004. "On Voters' Attitudes Towards Unemployment Insurance Subsidies across Regions: A Canadian Simulation," Working papers 2004-34, University of Connecticut, Department of Economics. [Downloadable!]
      Other versions:
    6. Hagedorn, Marcus & Kaul, Ashok & Mennel, Tim, 2002. "An Adverse Selection Model of Optimal Unemployment Insurance," IZA Discussion Papers 681, Institute for the Study of Labor (IZA). [Downloadable!]
    7. Mark Huggett (Georgetown University) and Juan Carlos Parra (Georgetown University), . "Quantifying the Inefficiency of the US Social Insurance System," Working Papers gueconwpa~05-05-16, Georgetown University, Department of Economics. [Downloadable!]
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    8. Atila Abdulkadiroglu & Burhanettin Kuruscu & Aysegul Sahin, 2002. "Unemployment insurance and the role of self-insurance," Discussion Papers 0102-27, Columbia University, Department of Economics. [Downloadable!]
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    9. Mark Huggett & Juan Carols Parra, . "How Well Does the US Social Insurance System Provide Social Insurance?," Working Papers gueconwpa~06-06-11, Georgetown University, Department of Economics. [Downloadable!]
    10. Rasmus Lentz, 2003. "Optimal Unemployment Insurance in an Estimated Job Search Model with Savings," CAM Working Papers 2004-10, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
    11. Stéphane Pallage & Christian Zimmermann, 1999. "Assurance chômage et sociétés," Cahiers de recherche du Département des sciences économiques, UQAM 9904, Université du Québec à Montréal, Département des sciences économiques. [Downloadable!]
    12. Javier Ortega & Laurence Rioux, 2007. "On the Extent of Re-Entitlement Effects in Unemployment Compensation," IZA Discussion Papers 2807, Institute for the Study of Labor (IZA). [Downloadable!]
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    13. Rasmus Lentz & Torben Tranaes, 2001. "Job Search and Savings: Wealth Effects and Duration Dependence," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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    14. Nicola Pavoni & Giovanni L. Violante, 2005. "Optimal welfare-to-work programs," Discussion Paper / Institute for Empirical Macroeconomics 143, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    15. Gilles Joseph & Thomas Weitzenblum, 2003. "Optimal Unemployment Insurance: Transitional Dynamics vs. Steady State," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 869-884, October. [Downloadable!] (restricted)

  5. Williamson, S.D., 1998. "Private Money," Working Papers 98-09, University of Iowa, Department of Economics.
    Published as:

    Cited by:

    1. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    2. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Inside and Outside Money, with an Application to the Russian Virtual Economy," Macroeconomics 0405009, EconWPA. [Downloadable!]
    3. Nobuhiro Kiyotaki & John Moore, 2002. "Evil Is the Root of All Money," American Economic Review, American Economic Association, vol. 92(2), pages 62-66, May. [Downloadable!]
    4. Wilfredo Toledo, 2006. "El dinero en los modelos macroeconómicos," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 97-116, July-Dece. [Downloadable!]
    5. David C. Mills, Jr., 2007. "Imperfect monitoring and the discounting of inside money," Finance and Economics Discussion Series 2007-58, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    6. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
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    7. Edward S. Prescott & John A. Weinberg, 2000. "Incentives, communication, and payment instruments," Working Paper 00-11, Federal Reserve Bank of Richmond. [Downloadable!]
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    8. Cornelia Holthausen & Cyril Monnet, 2003. "Money and payments: a modern perspective," Working Paper Series 245, European Central Bank. [Downloadable!]
    9. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
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    10. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    11. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    12. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    13. Agapov Stanislav & Boyarchenko Svetlana & Levendorsky Sergey, 2003. "A Three-Sector Model of the Russian Virtual Economy," EERC Working Paper Series 02-06e, EERC Research Network, Russia and CIS. [Downloadable!]
    14. Boel, Paola & Camera, Gabriele, 2004. "Efficient Monetary Allocations and the Illiquidity of Bonds," Purdue University Economics Working Papers 1171, Purdue University, Department of Economics. [Downloadable!]
    15. Carolyn Sissoko, 2006. "An Idealized View of Financial Intermediation," Occidental Economics Working Papers 6, Occidental College, Department of Economics, revised Jun 2007. [Downloadable!]
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    16. Leo Ferraris, 2003. "Money And Credit In Random Matching Models Of Money," Working Papers 59, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
    17. Bossone, Biagio, 2000. "What makes banks special ? a study of banking, finance, and economic development," Policy Research Working Paper Series 2408, The World Bank. [Downloadable!]
    18. Antoine Martin & Stacey L. Schreft, 2003. "Currency competition : a partial vindication of Hayek," Research Working Paper RWP 03-04, Federal Reserve Bank of Kansas City. [Downloadable!]
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    19. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  6. Stephen D. Williamson, 1998. "Payments Systems with Random Matching and Private Information," Game Theory and Information 9802004, EconWPA. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    2. S. Rao Aiyagari & Stephen D. Williamson, 1999. "Credit in a Random Matching Model with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 36-64, January. [Downloadable!] (restricted)
      Other versions:
    3. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  7. S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money and dynamic credit arrangements with private information," Working Paper 9807, Federal Reserve Bank of Cleveland. [Downloadable!]
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    Published as:

    Cited by:

    1. Edward J. Green, 2002. "Payment Arrangements and Inflation," American Economic Review, American Economic Association, vol. 92(2), pages 51-57, May. [Downloadable!]
    2. Cyril Monnet & William Roberds, 2007. "Optimal pricing of payment services when cash is an alternative," Working Papers 07-26, Federal Reserve Bank of Philadelphia. [Downloadable!]
    3. Hongfei Sun, 2007. "Banking, Inside Money and Outside Money," Working Papers 1146, Queen's University, Department of Economics. [Downloadable!]
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    4. Yili Chien & Junsang Lee, 2009. "Optimal Capital Taxation Under Limited Commitment," CAMA Working Papers 2009-06, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
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    5. Charles Kahn & James McAndrews & William Roberds, 2001. "A Theory of Transactions Privacy," Center for Financial Institutions Working Papers 01-12, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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    6. Aleksander Berentsen & Christopher Waller, 2009. "Outside versus inside bonds: A Modigliani-Miller type result for liquidity constrained economies," IEW - Working Papers iewwp443, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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    7. Christopher J. Waller, 2009. "Dynamic taxation, private information and money," Working Papers 2009-035, Federal Reserve Bank of St. Louis. [Downloadable!]
    8. Thorsten Koeppl & Cyril Monnet & Ted Temzelides, 2007. "A dynamic model of the payment system," Working Papers 07-22, Federal Reserve Bank of Philadelphia. [Downloadable!]
    9. Charles M. Kahn & William Roberds, 2005. "Credit and identity theft," Conference Series ; [Proceedings], Federal Reserve Bank of Boston. [Downloadable!]
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    10. Stephen D. Williamson, 1998. "Payments Systems with Random Matching and Private Information," Game Theory and Information 9802004, EconWPA. [Downloadable!]
      Other versions:
    11. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    12. Gaetano Antinolfi & Costas Azariadis & James B. Bullard, 2007. "The optimal inflation target in an economy with limited enforcement," Working Papers 2007-037, Federal Reserve Bank of St. Louis. [Downloadable!]
    13. Cyril Monnet & William Roberds, 2006. "Credit and the no-surcharge rule," Working Paper 2006-25, Federal Reserve Bank of Atlanta. [Downloadable!]
    14. Williamson, Stephen D. & Wang, Cheng, 1999. "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Working Papers 99-03, University of Iowa, Department of Economics. [Downloadable!]
      Other versions:
    15. S. Rao Aiyagari & Stephen D. Williamson, 1999. "Credit in a Random Matching Model with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 36-64, January. [Downloadable!] (restricted)
      Other versions:
    16. Thorsten Koeppl & Cyril Monnet & Ted Temzelides, 2006. "A dynamic model of settlement," Working Paper Series 604, European Central Bank. [Downloadable!]
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    17. Aleksander Berentsen & Cyril Monnet, 2008. "Monetary policy in a channel system," Working Papers 08-7, Federal Reserve Bank of Philadelphia. [Downloadable!]
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    18. Charles M. Kahn & James McAndrews & William Roberds, 2004. "Money is privacy," Working Paper 2004-18, Federal Reserve Bank of Atlanta. [Downloadable!]
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      • Charles M. Kahn & James McAndrews & William Roberds, 2005. "Money Is Privacy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 377-399, 05. [Downloadable!] (restricted)
    19. Young Sik Kim, 2003. "Money, Growth and Risk Sharing with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 276-299, April. [Downloadable!] (restricted)
    20. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers iewwp372, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    21. S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money, Credit, and Allocation Under Complete Dynamic Contracts and Incomplete Markets," Game Theory and Information 9802003, EconWPA. [Downloadable!]
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    22. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "Money, Credit and Banking," IEW - Working Papers iewwp219, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  8. S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money, Credit, and Allocation Under Complete Dynamic Contracts and Incomplete Markets," Game Theory and Information 9802003, EconWPA. [Downloadable!]
    Other versions:

    Cited by:

    1. Stephen D. Williamson, 1998. "Payments Systems with Random Matching and Private Information," Game Theory and Information 9802004, EconWPA. [Downloadable!]
      Other versions:

  9. S. Rao Aiyagari & Stephen D. Williamson, 1997. "Credit in a Random Matching Model With Private Information," Game Theory and Information 9705005, EconWPA. [Downloadable!]
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    Published as:

    Cited by:

    1. Marina Pavan, 2003. "Consumer Durables and Risky Borrowing: the Effects of Bankruptcy Protection," Boston College Working Papers in Economics 573, Boston College Department of Economics, revised 01 May 2005. [Downloadable!]
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    2. Aubhik Khan & B. Ravikumar, 1998. "Growth and Risk-Sharing with Private Information," Macroeconomics 9802003, EconWPA. [Downloadable!]
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    3. Ricardo Cavalcanti & Andres Erosa & Ted Temzelides, 1998. "Private Money and Reserve Management in a Random Matching Model," Macroeconomics 9803008, EconWPA. [Downloadable!]
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    4. Jin, Yi & Temzelides, Ted, 1998. "On the Local Interaction of Money and Credit," Working Papers 99-05, University of Iowa, Department of Economics. [Downloadable!]
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    5. S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money and Dynamic Credit Arrangements with Private Information," Game Theory and Information 9802002, EconWPA. [Downloadable!]
      Other versions:
    6. Stephen D. Williamson, 1998. "Payments Systems with Random Matching and Private Information," Game Theory and Information 9802004, EconWPA. [Downloadable!]
      Other versions:
    7. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    8. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    9. Shuyun May Li, 2008. "Costly External Finance, Reallocation, and Aggregate Productivity," Department of Economics - Working Papers Series 1044, The University of Melbourne. [Downloadable!]
    10. Thorsten Koeppl & Cyril Monnet & Ted Temzelides, 2006. "A dynamic model of settlement," Working Paper Series 604, European Central Bank. [Downloadable!]
      Other versions:
    11. Young Sik Kim, 2003. "Money, Growth and Risk Sharing with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 276-299, April. [Downloadable!] (restricted)
    12. Narayana R. Kocherlakota, 1996. "Money is memory," Staff Report 218, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    13. S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money, Credit, and Allocation Under Complete Dynamic Contracts and Incomplete Markets," Game Theory and Information 9802003, EconWPA. [Downloadable!]
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    14. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  10. Wang, C. & Williamson, S., 1995. "Unemployment Insurance with Moral Hazard in a Dynamic Economy," GSIA Working Papers 1995-13, Carnegie Mellon University, Tepper School of Business.
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    1. Alvarez-Parra, Fernando A. & Sanchez, Juan M., 2006. "Unemployment Insurance in an Economy with a Hidden Labor Market," MPRA Paper 2531, University Library of Munich, Germany. [Downloadable!]
    2. Dominique Demougin & Carsten Helm, 2008. "Incentive Contracts and Efficient Unemployment Benefits," Darmstadt Discussion Papers in Economics 191, Institut für Volkswirtschaftslehre (Department of Economics), Technische Universität Darmstadt (Darmstadt University of Technology). [Downloadable!]
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    3. Ramon Marimon & Fabrizio Zilibotti, 1997. "Unemployment vs. Mismatch of Talents: Reconsidering Unemployment Benefits," NBER Working Papers 6038, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    4. David Card & Raj Chetty & Andrea Weber, 2006. "Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market," NBER Working Papers 12639, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    5. Carl Davidson & Stephen A. Woodbury, 1997. "The Optimal Dole with Risk Aversion, Job Destruction, and Worker Heterogeneity," Staff Working Papers 97-47, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
    6. Andreas Pollak, 2004. "Optimal Unemployment Insurance with Variable Skill Levels," Labor and Demography 0409004, EconWPA. [Downloadable!]
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    7. Robert J. Shiller, 1997. "Expanding the Scope of Individual Risk Management: Moral Hazard and Other Behavioral Considerations," Cowles Foundation Discussion Papers 1145, Cowles Foundation, Yale University. [Downloadable!]
    8. Stephane Pallage & Christian Zimmermann, 2004. "On Voters' Attitudes Towards Unemployment Insurance Subsidies across Regions: A Canadian Simulation," Working papers 2004-34, University of Connecticut, Department of Economics. [Downloadable!]
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    9. Bruno, VAN DER LINDEN, 2003. "Unemployment insurance and training in an equilibrium matching model with heterogeneous agents," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003001, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
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    10. Hassler, John & Rodríguez Mora, José Vicente, 2007. "Unemployment Insurance Design: Inducing Moving and Retraining," CEPR Discussion Papers 6364, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    11. Stephane Pallage & Christian Zimmermann, 1997. "Moral Hazard and Optimal Unemployment Insurance in an Economy with Heterogeneous Skills," Cahiers de recherche CREFE / CREFE Working Papers 54, CREFE, Université du Québec à Montréal. [Downloadable!]
    12. Mikhail Golosov & Aleh Tsyvinski, 2004. "Designing Optimal Disability Insurance: A Case for Asset Testing," NBER Working Papers 10792, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    13. Burkhard Heer, 2000. "Employment And Welfare Effects Of A Two-Tier Unemployment Compensation System," Computing in Economics and Finance 2000 3, Society for Computational Economics. [Downloadable!]
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    14. Fredriksson, Peter & Holmlund, Bertil, 2003. "Improving Incentives in Unemployment Insurance: A Review of Recent Research," Working Paper Series 2003:10, Uppsala University, Department of Economics. [Downloadable!]
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    15. Mikhail Golosov & Aleh Tsyvinski, 2006. "Optimal Taxation with Endogenous Insurance Markets," Levine's Bibliography 784828000000000445, UCLA Department of Economics. [Downloadable!]
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    16. Pavoni, Nicola & Violante, Giovanni L, 2006. "Optimal Welfare-to-Work Programs," CEPR Discussion Papers 5937, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    17. Robert Shimer & Iván Werning, 2005. "Liquidity and insurance for the unemployed," Staff Report 366, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    18. Reichling, Felix, 2006. "Optimal Unemployment Insurance in Labor Market Equilibrium when Workers can Self-Insure," MPRA Paper 5362, University Library of Munich, Germany, revised 16 Oct 2007. [Downloadable!]
    19. Stéphane Pallage & Christian Zimmermann, 1999. "Assurance chômage et sociétés," Cahiers de recherche du Département des sciences économiques, UQAM 9904, Université du Québec à Montréal, Département des sciences économiques. [Downloadable!]
    20. Peter Fredriksson & Bertil Holmlund, 2006. "Optimal unemployment insurance design: Time limits, monitoring, or workfare?," International Tax and Public Finance, Springer, vol. 13(5), pages 565-585, September. [Downloadable!] (restricted)
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    21. Stephane Pallage & Christian Zimmermann, 1999. "Heterogeneous Labor Markets and the Generosity Towards the Unemployed: An International Perspective," Cahiers de recherche CREFE / CREFE Working Papers 88, CREFE, Université du Québec à Montréal. [Downloadable!]
    22. Joseph Stiglitz, 1999. "Taxation, Public Policy, and Dynamics of Unemployment," International Tax and Public Finance, Springer, vol. 6(3), pages 239-262, August. [Downloadable!] (restricted)
    23. Williamson, Stephen D. & Wang, Cheng, 1999. "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Working Papers 99-03, University of Iowa, Department of Economics. [Downloadable!]
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    24. Stephane Pallage & Christian Zimmermann, 1998. "Voting on Unemployment Insurance Generosity," Cahiers de recherche CREFE / CREFE Working Papers 64, CREFE, Université du Québec à Montréal. [Downloadable!]
    25. Fredriksson, Peter & Holmlund, Bertil, 1998. "Optimal Unemployment Insurance in Search Equilibrium," Working Paper Series 1998:2, Uppsala University, Department of Economics. [Downloadable!]
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    26. Castro-Fernandez, Rodriguo & Wodon, Quentin, 2002. "Protecting the Unemployed in Chile: From State Assistance to Individual Insurance?," MPRA Paper 15416, University Library of Munich, Germany. [Downloadable!]
    27. Hans H. Glismann & Klaus Schrader, 2001. "Alternative Systeme der Arbeitslosenversicherung — Das Beispiel der Vereinigten Staaten und des Vereinigten Königreichs," Kiel Working Papers 1032, Kiel Institute for the World Economy. [Downloadable!]
    28. Christopher A. Pissarides, 2002. "Consumption and Savings with Unemployment Risk: Implications for Optimal Employment Contracts," CEP Discussion Papers dp0542, Centre for Economic Performance, LSE. [Downloadable!]
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    29. Pissarides, Christopher, 2002. "Consumption and Savings with Unemployment Risk: Implications for Employment Contracts," CEPR Discussion Papers 3367, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

  11. Stephen D. Williamson, 1995. "Discount Window Lending and Deposit Insurance," Macroeconomics 9504001, EconWPA, revised 18 Apr 1995. [Downloadable!]
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    Cited by:

    1. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
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    2. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    3. Bruce D. Smith & Cheng Wang, 1997. "Repeated insurance relationships in a costly state verification model: with an application to deposit insurance," Working Papers 574, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    4. David A. Marshall & Edward S. Prescott, 2000. "Bank capital regulation with and without state-contingent penalties," Working Paper Series WP-00-10, Federal Reserve Bank of Chicago. [Downloadable!]
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    5. Antoine Martin, 2002. "Reconciling Bagehot with the Fed's response to Sept. 11," Research Working Paper RWP 02-10, Federal Reserve Bank of Kansas City. [Downloadable!]
    6. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    7. Gaetano Antinolfi & Todd Keister, 2000. "Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate," Working Papers 0002, Centro de Investigacion Economica, ITAM. [Downloadable!]
    8. Gaetano Antinolfi & Elisabeth Huybens & Todd Keister, 2000. "Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort," Working Papers 0001, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:

  12. Cheng Wang & Stephen D. Williamson, 1993. "Adverse Selection in Credit Markets with Costly Screening," Finance 9310001, EconWPA, revised 02 Nov 1993. [Downloadable!]

    Cited by:

    1. Stephen D. Williamson, 1995. "Discount Window Lending and Deposit Insurance," Macroeconomics 9504001, EconWPA, revised 18 Apr 1995. [Downloadable!]
      Other versions:

  13. Champ, B. & Smith, B.D., 1991. "Currency Elasticity and Banking Panics: theory and Evidence," University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers 9109, University of Western Ontario, The Centre for the Study of International Economic Relations.
    Other versions:
    Published as:

    Cited by:

    1. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    2. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 North American Summer Meetings 456, Econometric Society. [Downloadable!]
      Other versions:
    3. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    4. Bruce D. Smith & Warren E. Weber, 1998. "Private money creation and the Suffolk Banking System," Working Papers 591, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    5. Claeys, Sophie & Schoors, Koen, 2007. "Bank supervision Russian style: Evidence of conflicts between micro- and macroprudential concerns," Working Paper Series 205, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    6. Bhattacharya, Joydeep & Haslag, Joseph & Russell, Steven, 2004. "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal, and Why?," Staff General Research Papers 11950, Iowa State University, Department of Economics. [Downloadable!]
      Other versions:
    7. Koen Schoors & Konstantin Sonin, 2005. "Passive Creditors," William Davidson Institute Working Papers Series wp737, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    8. Douglas W. Diamond & Raghuram G. Rajan, 2003. "Money in a Theory of Banking," NBER Working Papers 10070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Stephen D. Williamson, 1998. "Discount Window Lending and Deposit Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 246-275, January. [Downloadable!] (restricted)
      Other versions:
    10. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2004. "Sub-Optimality of the Friedman Rule in Townsends Turnpike and Limited Communication Models of money: Do finite lives and initial dates matter?," Working Papers 0415, Department of Economics, University of Missouri, revised 21 Dec 2004. [Downloadable!]
    11. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    12. Jon R. Moen & Ellis W. Tallman, 1999. "Why didn't the United States establish a central bank until after the panic of 1907?," Working Paper 99-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    13. KOBAYASHI Keiichiro, 2009. "A Monetary Model of Banking Crises," Discussion papers 09036, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    14. William Roberds, 1997. "What's really new about the new forms of retail payment?," Economic Review, Federal Reserve Bank of Atlanta, issue Q 1, pages 32-45. [Downloadable!]
    15. Asaf Bernstein & Eric Hughson & Marc D. Weidenmier, 2008. "Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed," NBER Working Papers 14422, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    16. Joydeep Bhattacharya & Joseph H. Haslag & Antoine Martin, 2007. "Why does overnight liquidity cost more than intraday liquidity?," Staff Reports 281, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    17. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    18. Scott Freeman, 2002. "Payments and Output," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 602-617, July. [Downloadable!] (restricted)
    19. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    20. Niinimäki, Juha-Pekka, 2002. "Bank panics in transition economies," BOFIT Discussion Papers 2/2002, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
    21. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    22. Goetz von Peter, 2003. "A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises," Macroeconomics 0312006, EconWPA. [Downloadable!]
    23. Robert A. Eisenbeis, 2006. "Home country versus cross-border negative externalities in large banking organization failures and how to avoid them," Working Paper 2006-18, Federal Reserve Bank of Atlanta. [Downloadable!]
    24. James Peck & Karl Shell, 2003. "Bank Portfolio Restrictions and Equilibrium Bank Runs," Levine's Bibliography 666156000000000077, UCLA Department of Economics. [Downloadable!]
      Other versions:
    25. Bruce Champ, 2007. "The National Banking System: the national bank note puzzle," Working Paper 0722, Federal Reserve Bank of Cleveland. [Downloadable!]
    26. Antoine Martin & Cyril Monnet & Warren E. Weber, 2000. "Costly banknote issuance and interest rates under the national banking system," Working Papers 601, Federal Reserve Bank of Minneapolis. [Downloadable!]
    27. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    28. Saunders, Drew, 2006. "The Elastic Provision of Liquidity by Private Agents," Purdue University Economics Working Papers 1195, Purdue University, Department of Economics. [Downloadable!]
    29. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
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    30. Bruce D. Smith & Gianni De Nicoló & John H. Boyd, 2003. "Crisis in Competitive versus Monopolistic Banking Systems," IMF Working Papers 03/188, International Monetary Fund. [Downloadable!]
      Other versions:
    31. Charles M. Kahn & William Roberds, 1999. "Real-time gross settlement and the costs of immediacy," Working Paper 98-21, Federal Reserve Bank of Atlanta. [Downloadable!]
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    32. Gaetano Antinolfi & Elisabeth Huybens, 2000. "Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort," Econometric Society World Congress 2000 Contributed Papers 1156, Econometric Society. [Downloadable!]
      Other versions:
    33. Stacey L. Schreft & Bruce D. Smith, 1994. "Money, banking, and capital formation," Working Paper 94-05, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    34. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    35. Sophie Claeys, & Gleb Lanine & Koen Schoors, 2005. "Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives," William Davidson Institute Working Papers Series wp778, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    36. Bruce Champ, 2007. "The National Banking System: empirical observations," Working Paper 0719, Federal Reserve Bank of Cleveland. [Downloadable!]
    37. Bhattacharya, Joydeep & Singh, Rajesh, 2005. "Optimal Choice of Monetary Instruments in an Economy with Real and Liquidity Shocks," Staff General Research Papers 12355, Iowa State University, Department of Economics. [Downloadable!]
    38. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]
    39. David R. Skeie, 2008. "Banking with nominal deposits and inside money," Staff Reports 242, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    40. Goetz von Peter, 2004. "Asset Prices and Banking Distress: A Macroeconomic Approach," Finance 0411034, EconWPA. [Downloadable!]
      Other versions:
    41. Gaetano Antinolfi & Todd Keister, 2003. "Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium," Working Papers 0305, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    42. Russell Cooper & Dean Corbae, 2001. "Financial collapse and active monetary policy: a lesson from the Great Depression," Staff Report 289, Federal Reserve Bank of Minneapolis. [Downloadable!]
    43. Matias Fontenla, 2004. "Banks and Capital Inflows," Econometric Society 2004 Latin American Meetings 272, Econometric Society. [Downloadable!]
    44. Stacey L. Schreft & Bruce D. Smith, 1999. "The evolution of cash transactions : some implications for monetary policy," Research Working Paper 99-02, Federal Reserve Bank of Kansas City. [Downloadable!]
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    45. Carlos Gustavo Machicado, 2006. "Liquidity Shocks and the Dollarization of a Banking System," Development Research Working Paper Series 09/2006, Institute for Advanced Development Studies. [Downloadable!]
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    46. Franklin Allen & Douglas Gale, 2003. "Financial Fragility, Liquidity and Asset Prices," Center for Financial Institutions Working Papers 01-37, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    47. Hongfei Sun & Xiuhua Huangfu, 2007. "Private Money and Bank Runs," Working Papers 1145, Queen's University, Department of Economics. [Downloadable!]
    48. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    49. S. CLAEYS & G. LANINE & K. SCHOORs, 2005. "Bank Supervision Russian Style: Rules vs Enforcement and Tacit Objectives," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/307, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    50. Allen Head & Junfeng Qiu, 2007. "Elastic Money, Inflation, and Interest Rate Policy," Working Papers 1152, Queen's University, Department of Economics. [Downloadable!]
    51. Joseph H. Haslag & Joydeep Bhattacharya & Antoine Martin, 2007. "Money, output and the payment system: Optimal monetary policy in a model with hidden effort," Working Papers 0704, Department of Economics, University of Missouri. [Downloadable!]
    52. Franklin Allen & Douglas Gale, 2003. "Financial Intermediaries and Markets," Center for Financial Institutions Working Papers 00-44, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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    53. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
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    54. Caroline Betts & Elisabeth Huybens, 1999. "Financial Market Imperfections, Real Exchange Rates, and Capital Flows," Working Papers 9902, Centro de Investigacion Economica, ITAM. [Downloadable!]
    55. Carlos Gustavo Machicado, 2007. "Growth and Banking Structure in a Partially Dollarized Economy," Development Research Working Paper Series 02/2007, Institute for Advanced Development Studies. [Downloadable!]
    56. Bruce D. Smith, 2002. "Monetary Policy, Banking Crises, and the Friedman Rule," American Economic Review, American Economic Association, vol. 92(2), pages 128-134, May. [Downloadable!]
    57. Ellis W. Tallman & Jon R. Moen, 2007. "Liquidity creation without a lender of last resort: clearinghouse loan certificates in the Banking Panic of 1907," Working Paper 2006-23, Federal Reserve Bank of Atlanta. [Downloadable!]
    58. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  14. Steve Williamson & Randall Wright, 1991. "Barter and monetary exchange under private information," Staff Report 141, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Manolis Galenianos & Rosalie Liccardo Pacula & Nicola Persico, 2009. "A Search-Theoretic Model of the Retail Market for Illicit Drugs," NBER Working Papers 14980, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Merwan Engineer & Shouyong Shi, 2001. "Bargains, Barter and Money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 188-209, January. [Downloadable!] (restricted)
    3. Randall Wright, 2005. "Introduction to "Models of Monetary Economies II: The Next Generation"," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Oct, pages 2-9.
      Other versions:
    4. Phillip M Johnson, 2002. "Essays on Capital Markets: Frictions and Social Forces," Levine's Working Paper Archive 618897000000000052, David K. Levine. [Downloadable!]
    5. Bengt Holmstrom & Jean Tirole, 1996. "Private and Public Supply of Liquidity," NBER Working Papers 5817, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. François R. Velde & Warren E. Weber & Randall Wright, 1999. "A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 291-323, January. [Downloadable!] (restricted)
      Other versions:
    7. Tsunao Okumura, 2005. "Wealth as a Signal in the Search Model of Money," Discussion Papers 1401, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
      Other versions:
    8. Guillaume Rocheteau, 2008. "Money and competing assets under private information," Working Paper 0802, Federal Reserve Bank of Cleveland. [Downloadable!]
    9. William Roberds, 1997. "What's really new about the new forms of retail payment?," Economic Review, Federal Reserve Bank of Atlanta, issue Q 1, pages 32-45. [Downloadable!]
    10. S. Rao Aiyagari & Stephen D. Williamson, 1997. "Credit in a Random Matching Model With Private Information," Game Theory and Information 9705005, EconWPA. [Downloadable!]
      Other versions:
    11. Honohan, Patrick & Vittas, Dimitri, 1996. "Bank regulation and the network paradigm : policy implications for developing and transition economies," Policy Research Working Paper Series 1631, The World Bank. [Downloadable!]
    12. Wilfredo Toledo, 2006. "El dinero en los modelos macroeconómicos," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(15), pages 97-116, July-Dece. [Downloadable!]
    13. Jun Zhang & Haibin Wu, 2004. "Money, Technology Choice and Pattern of Exchange in Search Equilibrium," Econometric Society 2004 North American Summer Meetings 212, Econometric Society. [Downloadable!]
    14. Demid Golikov, 2005. "Financial Intermediary In Monetary Economics: An Excerpt," Macroeconomics 0510018, EconWPA. [Downloadable!]
    15. Andrew John & Kei-Mu Yi, 1997. "Language, learning, and location," Staff Reports 26, Federal Reserve Bank of New York. [Downloadable!]
    16. Alberto Trejos & Randall Wright, 1996. "Search-theoretic models of international currency," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 117-132. [Downloadable!]
    17. John Kennes & Aaron Schiff, . "Simple Reputation Systems," Discussion Papers 05-21, University of Copenhagen. Department of Economics, revised Nov 2005. [Downloadable!]
      Other versions:
    18. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    19. Jeremy C. Stein, 1995. "An Adverse Selection Model of Bank Asset and Liability Management with Implications for the Transmission of Monetary Policy," NBER Working Papers 5217, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    20. Huberto M. Ennis, 2004. "Search, money, and inflation under private information," Discussion Paper / Institute for Empirical Macroeconomics 142, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    21. Y. Jin & T. Temzelides, 1999. "On the Local Interaction of Money and Credit," Macroeconomics 9905001, EconWPA. [Downloadable!]
      Other versions:
    22. Ed Nosal & Neil Wallace, 2004. "A model of (the threat of) counterfeiting," Working Paper 0401, Federal Reserve Bank of Cleveland. [Downloadable!]
    23. Canice Prendergast & Lars Stole, 2001. "Barter, Liquidity and Market Segmentation," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    24. Sergei Guriev & Dmitry Kvassov, 2000. "Price Discrimination Through Barter: A Theory and Evidence from Russia," Econometric Society World Congress 2000 Contributed Papers 0397, Econometric Society. [Downloadable!]
    25. Mario Gara, 2001. "The Emergence of Non-monetary Means of Payment in the Russian Economy," Post-Communist Economies, Taylor and Francis Journals, vol. 13(1), pages 5-39, March. [Downloadable!] (restricted)
    26. Miquel Faig & Belén Jerez, 2006. "Inflation, Prices, and Information in Competitive Search," Working Papers tecipa-215, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    27. Zhu, Tao, 2007. "An Overlapping-Generations Model with Search," Working Papers 07-09, Cornell University, Center for Analytic Economics. [Downloadable!]
    28. Guriev, Sergei & Kvassov, Dmitry, 2000. "Barter For Price Discrimination?," CEPR Discussion Papers 2449, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    29. Xavier Cuadras & Randall Wright, 1996. "On Money as a Medium of Exchange when Goods Vary by Supply and Demand," Economics Working Papers 160, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:
    30. Richard Dutu & Ed Nosal & Guillaume Rocheteau, 2005. "On the recognizability of money," Working Paper 0512, Federal Reserve Bank of Cleveland. [Downloadable!]
    31. Narayana R. Kocherlakota, 1996. "Money is memory," Staff Report 218, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    32. Richard Horan & Erwin Bulte & Jason Shogren, 2008. "Coevolution of human speech and trade," Journal of Economic Growth, Springer, vol. 13(4), pages 293-313, December. [Downloadable!] (restricted)
    33. Guillaume Rocheteau, 2009. "Information and liquidity: a discussion," Working Paper 0902, Federal Reserve Bank of Cleveland. [Downloadable!]
    34. Shouyong Shi & Ted Temzelides, 2003. "A Search-Theoretic Model of Bureaucracy and Corruption," Working Papers shouyong-03-02, University of Toronto, Department of Economics. [Downloadable!]

  15. Williamson, S.D., 1991. "Liquidity and Market Participation," University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers 9110, University of Western Ontario, The Centre for the Study of International Economic Relations.
    Published as:

    Cited by:

    1. Guerdjikova, Ani, 2006. "Portfolio Choice and Asset Prices in an Economy Populated by Case-Based Decision Makers," Working Papers 06-13, Cornell University, Center for Analytic Economics. [Downloadable!]
    2. Hugo A. Hopenhayn & Ingrid M. Werner, 1993. "Information, Liquidity and Asset Trading in a Random Matching Game," Economics Working Papers 19, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:

  16. Stephen D. Williamson, 1989. "Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913," Staff Report 119, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Published as:

    Cited by:

    1. Stephen D. Williamson, 1995. "Discount Window Lending and Deposit Insurance," Macroeconomics 9504001, EconWPA, revised 18 Apr 1995. [Downloadable!]
      Other versions:

  17. Greenwood, J. & Williamson, S.D., 1988. "International Financial Intermediation And Aggregate Fluctuations Under Alternative Exchange Rate Regimes," RCER Working Papers 120, University of Rochester - Center for Economic Research (RCER).
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    Published as:

    Cited by:

    1. T. Asada & Carl Chiarella & Peter Flaschel & Reiner Franke, 2003. "Interacting Two-Country Business Fluctuations," Working Paper Series 128, School of Finance and Economics, University of Technology, Sydney. [Downloadable!]
      Other versions:
    2. Wagner, W., 2000. "Decentralized international risk sharing and governmental moral hazard," Discussion Paper 92, Tilburg University, Center for Economic Research. [Downloadable!]
    3. Javier Diaz-Gimenez & Edward C. Prescott & Terry Fitzgerald & Fernando Alvarez, 1992. "Banking in computable general equilibrium economies," Staff Report 153, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    4. Joseph G. Haubrich, 1991. "Financial efficiency and aggregate fluctuations: an exploration," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 25-36. [Downloadable!]
    5. Mark Gertler & Kenneth Rogoff, 1989. "Developing Country Borrowing and Domestic Wealth," NBER Working Papers 2887, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Amado Peiró, 2002. "Macroeconomic Synchronization Between G3 Countries," Working Papers. Serie EC 2002-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    7. Amado Peiró, 2000. "Economic Comovements In European Countries," Working Papers. Serie EC 2000-19, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    8. Stephen D. Williamson, 1989. "Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913," Staff Report 119, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    9. Alberto Giovannini, 1991. "The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions," NBER Working Papers 3917, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  18. Stephen D. Williamson, 1984. "Costly Monitoring, Financial Intermediation, and Equilibrium Credit Rationing," Working Papers 583, Queen's University, Department of Economics.
    Published as:

    Cited by:

    1. Karel Janda, 2007. "Optimal Debt Contracts In Emerging Markets With Multiple Investors," Prague Economic Papers, University of Economics, Prague, vol. 2007(2), pages 115-129. [Downloadable!] (restricted)
    2. Hans Gersbach, 2002. "Financial Intermediation and the Creation of Macroeconomic Risks," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    3. Frederick T. Furlong, 1990. "Tax incentives for corporate leverage in the 1980s," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 3-17. [Downloadable!]
    4. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    5. Allen N. Berger & Marco A. Espinosa-Vega & W. Scott Frame & Nathan H. Miller, 2007. "Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information," Working Paper 2006-29, Federal Reserve Bank of Atlanta. [Downloadable!]
    6. Kunhong Kim & Iris Claus, 2004. "Agency costs and asymmetric information in a small open economy: a dynamic general equilibrium model," Econometric Society 2004 Far Eastern Meetings 787, Econometric Society. [Downloadable!]
    7. Atsue Mizushima & Keiichi Koda, 2007. "Risk Sharing and Growth in the Gifts Economy," Discussion Papers in Economics and Business 07-02, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP). [Downloadable!]
    8. John V. Duca, 1995. "Credit availability, bank consumer lending, and consumer durables," Working Papers 95-14, Federal Reserve Bank of Dallas. [Downloadable!]
    9. Davide Iacoboni & Alberto Zazzaro, 2000. "Legal system efficiency, information production, and technological choice: a banking model," Heterogeneity and monetary policy 0005, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
      Other versions:
    10. Robin Boadway & Jean-Francois Tremblay, 2003. "Public Economics and Startup Entrepreneurs," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    11. Cheng Wang & Stephen D. Williamson, 1993. "Adverse Selection in Credit Markets with Costly Screening," Finance 9310001, EconWPA, revised 02 Nov 1993. [Downloadable!]
    12. Edda Claus & ris Claus, 2007. "Transmitting shocks to the economy: The contribution of interest and exchange rates and the credit channel," The Institute for International Integration Studies Discussion Paper Series iiisdp206, IIIS. [Downloadable!]
      Other versions:
    13. Arturo Galindo & Fabio Schiantarelli, 2002. "Credit Constraints in Latin America: An Overview of the Micro Evidence," RES Working Papers 3165, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    14. Stefan Krasa & Tridib Sharma & Anne Villamil, 2008. "Bankruptcy and firm finance," Economic Theory, Springer, vol. 36(2), pages 239-266, August. [Downloadable!] (restricted)
    15. Andrés Erosa, 2000. "Financial Intermediation and Occupational Choice in Development," UWO Department of Economics Working Papers 20003, University of Western Ontario, Department of Economics. [Downloadable!]
      Other versions:
    16. S.L. Schreft & A.P. Villamil, 1990. "Liquidity constraints in commercial loan markets with imperfect information and imperfect competition," Working Paper 90-10, Federal Reserve Bank of Richmond. [Downloadable!]
    17. Bengt Holmstrom & Jean Tirole, 1996. "Private and Public Supply of Liquidity," NBER Working Papers 5817, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Kenneth A. Froot & Jeremy C. Stein, 1992. "Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach," NBER Working Papers 2914, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    19. Iris Claus & Christie Smith, 1999. "Financial intermediation and the monetary transmission mechanism," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, December. [Downloadable!]
    20. Ying Yan, 1996. "Credit Rationing, Bankruptcy Cost, and Optimal Debt Contract for Small Business," Finance 9612003, EconWPA. [Downloadable!]
    21. Pere Gomis-Porqueras & Benoit Julien, 2007. "Market Structure and the Banking Sector," Economics Bulletin, Economics Bulletin, vol. 4(24), pages 1-9. [Downloadable!]
    22. Iris Claus & Arthur Grimes, 2003. "Asymmetric Information, Financial Intermediation and the Monetary Transmission Mechanism: A Critical Review," Treasury Working Paper Series 03/19, New Zealand Treasury. [Downloadable!]
    23. Timothy M. Devinney & Hellmuth Milde, 1990. "Agency Contracting and Inside Debt," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(II), pages 97-111, June. [Downloadable!]
    24. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 1999. "Barriers to international capital flows: who should erect them and how big should they be?," Working Paper 99-6, Federal Reserve Bank of Atlanta. [Downloadable!]
    25. Lisa Barrow & Cecilia Elena Rouse, 2000. "Using market valuation to assess the importance and efficiency of public school spending," Working Paper Series WP-00-4, Federal Reserve Bank of Chicago. [Downloadable!]
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    26. Mingwei Yuan & Christian Zimmermann, 1999. "Credit Crunch in a Model of Financial Intermediation and Occupational Choice," Cahiers de recherche CREFE / CREFE Working Papers 97, CREFE, Université du Québec à Montréal. [Downloadable!]
      Other versions:
    27. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    28. Gersbach, H. & Uhlig, H., 1998. "Debt contracts, collapse and regulation as competition phenomena," Discussion Paper 1, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    29. Jeremy Greenwood & Stephen D. Williamson, 1988. "International financial intermediation and aggregate fluctuations under alternative exchange rate regimes," Staff Report 112, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    30. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
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    31. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03/07, Monash University, Department of Economics. [Downloadable!]
      Other versions:
    32. Ludovic Renou, 2008. "Multi-lender coalitions in costly state verification models," Economic Theory, Springer, vol. 36(3), pages 407-433, September. [Downloadable!] (restricted)
    33. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Endogenous market structures and financial development," Working Paper 98-15, Federal Reserve Bank of Atlanta. [Downloadable!]
    34. James Bullard & Bruce D. Smith, 2002. "Intermediaries and payments instruments," Working Papers 2002-006, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    35. Philip Bond & Robert Townsend, 1996. "Formal and informal financing in a Chicago neighborhood," Economic Perspectives, Federal Reserve Bank of Chicago, issue Jul, pages 3-27. [Downloadable!]
    36. Andrew Winton, 1996. "Monitored finance, liquidity, and institutional investment choice," Working Paper 9616, Federal Reserve Bank of Cleveland. [Downloadable!]
    37. Santiago L.E. Acosta Ormaechea, 2007. "A Small Open Economy Model with Currency Mismactches and a Financial Accelerator Mechanism," DEGIT Conference Papers c012_035, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
    38. Katherine A. Samolyk, 1991. "A regional perspective on the credit view," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 27-38. [Downloadable!]
    39. Andrea Attar & Eloisa Campioni, 2002. "Costly State Verification And Debt Contracts," Departmental Working Papers 172, Tor Vergata University, CEIS. [Downloadable!]
    40. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    41. John D. Montgomery, 1991. "Market segmentation and 1992: toward a theory of trade in financial services," International Finance Discussion Papers 394, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    42. Douglas Cumming & Grant Fleming & Armin Schwienbacher, 2008. "Financial intermediaries, ownership structure and the provision of venture capital to SMEs: evidence from Japan," Small Business Economics, Springer, vol. 31(1), pages 59-92, June. [Downloadable!] (restricted)
    43. Edward J. Green & Soo-Nam Oh, 1991. "Can a "credit crunch" be efficient?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 3-17. [Downloadable!]
    44. Iris Claus & Kunhong Kim, 2006. "Credit Market Frictions In An Open Economy," CAMA Working Papers 2006-04, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
    45. Basab Dasgupta, 2004. "Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?," Working papers 2004-32, University of Connecticut, Department of Economics. [Downloadable!]
      Other versions:
    46. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    47. Gianni De Nicoló & John H. Boyd & Abu M. Jalal, 2007. "Bank Risk-Taking and Competition Revisited: New Theory and New Evidence," IMF Working Papers 06/297, International Monetary Fund. [Downloadable!]
    48. David Andolfatto & Ed Nosal, 2003. "A Theory of Money and Banking," Macroeconomics 0310003, EconWPA. [Downloadable!]
      Other versions:
    49. Basab Dasupta, 2005. "Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes," Working papers 2005-18, University of Connecticut, Department of Economics. [Downloadable!]
    50. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 2000. "Barriers to international capital flows: when, why, how big, and for whom?," Working Paper 2000-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    51. Shankha Chakraborty & Tridip Ray, 2003. "Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis," University of Oregon Economics Department Working Papers 2003-6, University of Oregon Economics Department, revised 01 Feb 2002. [Downloadable!]
      Other versions:
    52. Takeo Hoshi & Anil Kashyap & David Scharfstein, 1989. "Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships," NBER Working Papers 3079, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    53. Bénédicte Coestier & Nathalie Fombaron, 2003. "L'audit en assurance," THEMA Working Papers 2003-41, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
    54. Jan Frederik Slijkerman & David J.C. Smant & Casper G. de Vries, 2004. "Credit Rationing Effects of Credit Value-at-Risk," Tinbergen Institute Discussion Papers 04-032/2, Tinbergen Institute. [Downloadable!]
    55. John H. Boyd & Edward C. Prescott, 1985. "Financial intermediary-coalitions," Staff Report 87, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    56. Fernando Perera Tallo, 2003. "Technological Progress, Slow Growing Economies and Polarization," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 11, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
    57. Mingwei Yuan & Christian Zimmermann, 1999. "Credit Crunch, Bank Lending and Monetary Policy: A Model of Financial Intermediation with Heterogeneous Projects," Cahiers de recherche CREFE / CREFE Working Papers 89, CREFE, Université du Québec à Montréal. [Downloadable!]
    58. John V. Duca, 1995. "Regulatory changes and housing coefficients," Working Papers 95-12, Federal Reserve Bank of Dallas. [Downloadable!]
    59. Patrick K. Asea & S. Brock Blomberg, 1997. "Lending Cycles," NBER Working Papers 5951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    60. Charles T. Carlstrom & Katherine A. Samolyk, 1993. "Loan sales as a response to market-based capital constraints," Working Paper 9313, Federal Reserve Bank of Cleveland. [Downloadable!]
    61. Ghani, Ejaz, 1992. "How financial markets affect long run growth : a cross country study," Policy Research Working Paper Series 843, The World Bank. [Downloadable!]
    62. Bin Xu, 1998. "Costly Monitoring In Financial Markets And Capital Outflow Restrictions," International Economic Journal, Korean International Economic Association, vol. 12(2), pages 117-136, June. [Downloadable!] (restricted)
    63. ATTAR, AndrŽa, 2003. "Financial contracting along the business cycle," CORE Discussion Papers 2003069, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    64. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    65. SylvieCieply & Bernard Paranque & ., 1997. "French manufacturing firms and the capital gap since1985 - a credit rationing approach," Finance 9708002, EconWPA, revised 29 Oct 2000. [Downloadable!]
    66. Charles W. Calomiris & R. Glenn Hubbard, 1990. "Firm Heterogeneity, Internal Finance, and `Credit Rationing'," NBER Working Papers 2497, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    67. Valentina Meliciani & Stefania Cosci, 2005. "Multiple banking Relationships and Over-Leverage in Italian Manufacturing Firms," Money Macro and Finance (MMF) Research Group Conference 2005 87, Money Macro and Finance Research Group. [Downloadable!]
      Other versions:
    68. Fachat, Christian, 2000. "Agency Costs, Net Worth, and the Transmission Mechanism of Monetary Policy," Bonn Econ Discussion Papers bgse2_2000, University of Bonn, Germany. [Downloadable!]
    69. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2003. "Bank concentration and crises," Policy Research Working Paper Series 3041, The World Bank. [Downloadable!]
      Other versions:
    70. Yongfu Huang, 2006. "Private investment and financial development in a globalized world," Bristol Economics Discussion Papers 06/589, Department of Economics, University of Bristol, UK. [Downloadable!]
    71. Rozália Pál & Roman Kozhan, 2006. "Firms' investment under financing constraints. An euro area investigation," IEHAS Discussion Papers 0606, Institute of Economics, Hungarian Academy of Sciences, revised 21 Jul 2006. [Downloadable!]
    72. Ying Yan, 1997. "Credit rationing, bankruptcy cost, and the optimal debt contract for small business," Working Paper 9702, Federal Reserve Bank of Cleveland. [Downloadable!]
    73. Ari Hyytinen & Otto Toivanen, 2000. "Monitoring and Market Power in Credit Markets," Econometric Society World Congress 2000 Contributed Papers 1879, Econometric Society. [Downloadable!]
      Other versions:
    74. Joseph G. Haubrich, 1995. "Imperfect state verification and financial contracting," Working Paper 9506, Federal Reserve Bank of Cleveland. [Downloadable!]
    75. Jose L Wynne, 2001. "Financial Frictions in Business Cycles, Trade and Growth," Levine's Working Paper Archive 625018000000000127, David K. Levine. [Downloadable!]
    76. Agenor, Pierre-Richard & Aizenman, Joshua, 1998. "Volatility and the welfare costs of financial market integration," Policy Research Working Paper Series 1974, The World Bank. [Downloadable!]
      Other versions:
    77. Stephen D. Williamson, 2008. "New Keynesian economics : a monetary perspective," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 197-218. [Downloadable!]
    78. Robert R. Bliss & Mark J. Flannery, 2000. "Market discipline in the governance of U.S. Bank Holding Companies: monitoring vs. influencing," Working Paper Series WP-00-3, Federal Reserve Bank of Chicago. [Downloadable!]
    79. Nacer Bernou & Marceline Grondin, 2001. "Réconciliation entre libéralisation financière et croissance économique dans un système fondé sur la banque," Post-Print halshs-00179981_v1, HAL. [Downloadable!]
    80. Christian Fachat, 2000. "Agency Costs, Net Worth, and the Credit Channel of Monetary Transmission," Bonn Econ Discussion Papers bgse3_2000, University of Bonn, Germany. [Downloadable!]
    81. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Costly intermediation and the big push," Working Paper 98-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    82. Huberto M. Ennis, 2003. "Economic fundamentals and bank runs," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 55-71. [Downloadable!]
    83. Marco A. Espinosa-Vega & Bruce D. Smith, 2001. "Socially excessive bankruptcy costs and the benefits of interest rate ceilings on loans," Working Paper 2001-27, Federal Reserve Bank of Atlanta. [Downloadable!]
    84. S. Rao Aiyagari, 1994. "Macroeconomics with frictions," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 24-40. [Downloadable!]
    85. Arturo Galindo & Fabio Schiantarelli, 2002. "Limitaciones crediticias en América Latina: panorámica general de los elementos de juicio al nivel micro," RES Working Papers 4306, Inter-American Development Bank, Research Department. [Downloadable!]
    86. Yoshiro Miwa & J. Mark Ramseyer, 2003. "Does Relationship Banking Matter? Japanese Bank-Borrower Ties in Good Times and Bad," CIRJE F-Series CIRJE-F-239, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    87. Stephen D. Williamson, 1989. "Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913," Staff Report 119, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    88. Sangmok Choi & Bruce D. Smith & John H. Boyd, 1996. "Inflation, financial markets and capital formation," Proceedings, Federal Reserve Bank of St. Louis, issue May, pages 9-35. [Downloadable!]
      Other versions:
    89. Cheng Wang & Ruilin Zhou, 2000. "Equilibrium lending mechanism and aggregate activity," Working Paper Series WP-00-30, Federal Reserve Bank of Chicago. [Downloadable!]
      Other versions:
    90. Charles T. Carlstrom & Katherine A. Samolyk, 1993. "Examining the microfoundations of market incentives for asset-backed lending," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 27-38. [Downloadable!]
    91. Levine, Ross & Zervos, Sara, 1996. "Stock markets, banks, and economic growth," Policy Research Working Paper Series 1690, The World Bank. [Downloadable!]
      Other versions:
    92. Mark G. Guzman, 1999. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Working Papers 99-07, Federal Reserve Bank of Dallas. [Downloadable!]
    93. Stephen D. Williamson, 1987. "Recent developments in modeling financial intermediation," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 19-29. [Downloadable!]
    94. Hakenes, Hendrik, 2003. "Banks as Delegated Risk Managers," Sonderforschungsbereich 504 Publications 03-13, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
      Other versions:
    95. Stanley D. Longhofer, 1997. "Absolute priority rule violations, credit rationing, and efficiency," Working Paper 9710, Federal Reserve Bank of Cleveland. [Downloadable!]
    96. Ángel Hernando-Veciana, 1998. "Efectos del análisis crediticio sobre los incentivos empresariales," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 361-392, September. [Downloadable!]
    97. Thilo Pausch, 2005. "Credit Risk, Credit Rationing, and the Role of Banks: The Case of Risk Averse Lenders," Discussion Paper Series 271, Universitaet Augsburg, Institute for Economics. [Downloadable!]

  19. Stephen D. Williamson, 1984. "Costly Monitoring, Loan Contracts and Equilibrium Credit Rationing," Working Papers 572, Queen's University, Department of Economics.
    Published as:

    Cited by:

    1. Karel Janda, 2007. "Optimal Debt Contracts In Emerging Markets With Multiple Investors," Prague Economic Papers, University of Economics, Prague, vol. 2007(2), pages 115-129. [Downloadable!] (restricted)
    2. Jeffrey M. Lacker, 1998. "Collateralized debt as the optimal contract," Working Paper 98-04, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    3. Veronika Dolar & Césaire Meh, 2002. "Financial Structure and Economic Growth: A Non-Technical Survey," Working Papers 02-24, Bank of Canada. [Downloadable!]
    4. Davide Iacoboni & Alberto Zazzaro, 2000. "Legal system efficiency, information production, and technological choice: a banking model," Heterogeneity and monetary policy 0005, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
      Other versions:
    5. Cheng Wang & Stephen D. Williamson, 1993. "Adverse Selection in Credit Markets with Costly Screening," Finance 9310001, EconWPA, revised 02 Nov 1993. [Downloadable!]
    6. Arturo Galindo & Fabio Schiantarelli, 2002. "Credit Constraints in Latin America: An Overview of the Micro Evidence," RES Working Papers 3165, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    7. Ian Goldin & Kenneth Reinert, 2005. "Global capital flows and development: A Survey," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 14(4), pages 453-481, December. [Downloadable!] (restricted)
    8. Donald P. Morgan, 2000. "Bank commitment relationships, cash flow constraints, and liquidity management," Staff Reports 108, Federal Reserve Bank of New York. [Downloadable!]
    9. Robert Chirinko & Ulf von Kalckreuth, 2003. "On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    10. Ying Yan, 1996. "Credit Rationing, Bankruptcy Cost, and Optimal Debt Contract for Small Business," Finance 9612003, EconWPA. [Downloadable!]
    11. Tong, Jian, . "Credit Rationing and Firms in Oligopoly," Discussion Paper Series In Economics And Econometrics 0505, Economics Division, School of Social Sciences, University of Southampton. [Downloadable!]
    12. Pablo Druck & Jorge M. Streb, 2001. "Economic Development as a Matter of Political Geography," CEMA Working Papers: Serie Documentos de Trabajo. 182, Universidad del CEMA. [Downloadable!]
      Other versions:
    13. Pere Gomis-Porqueras & Benoit Julien, 2007. "Market Structure and the Banking Sector," Economics Bulletin, Economics Bulletin, vol. 4(24), pages 1-9. [Downloadable!]
    14. Douglas W. Diamond, 1996. "Financial intermediation as delegated monitoring: a simple example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 51-66. [Downloadable!]
    15. Petrick, Martin, 2003. "Empirical Measurement Of Credit Rationing In Agriculture: A Methodological Survey," IAMO Discussion Papers 14926, Institute of Agricultural Development in Central and Eastern Europe (IAMO). [Downloadable!]
      Other versions:
    16. Frédérique Savignac, 2006. "The impact of financial constraints on innovation : evidence from french manufacturing firms," Cahiers de la Maison des Sciences Economiques v06042, Université Panthéon-Sorbonne (Paris 1). [Downloadable!]
      Other versions:
    17. Ben Bernanke & Mark Gertler & Simon Gilchrist, 1994. "The Financial Accelerator and the Flight to Quality," NBER Working Papers 4789, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Rodolphe Blavy, 2005. "Monitoring and Commitment in Bank Lending Behavior," IMF Working Papers 05/222, International Monetary Fund. [Downloadable!]
    19. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 1999. "Barriers to international capital flows: who should erect them and how big should they be?," Working Paper 99-6, Federal Reserve Bank of Atlanta. [Downloadable!]
    20. Jessica Holmes & Jonathan Isham & Jessica Wasilewski, 2004. "Overcoming Information Asymmetries in Low-Income Lending: Lessons from the 'Working Wheels' Program," Middlebury College Working Paper Series 0244r, Middlebury College, Department of Economics. [Downloadable!]
      Other versions:
    21. Bhattacharya, Joydeep, 2003. "Monetary Policy And The Distribution Of Income," Staff General Research Papers 11072, Iowa State University, Department of Economics. [Downloadable!]
    22. Moshe Kim & Eirik Gaard Kristiansen & Bent Vale, 2005. "What determines banks’ market power? Akerlof versus Herfindahl," Working Paper 2005/8, Norges Bank. [Downloadable!]
    23. Bruce D. Smith & Mohsin S. Khan & A. Senhadji Semlali, . "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund. [Downloadable!]
      Other versions:
    24. Heshmati, Almas & Lindstrom, Ossi, 2005. "Interacting demand and supply conditions in European bank lending," Discussion Papers 11859, MTT Agrifood Research Finland. [Downloadable!]
    25. Luis Felipe Cespedes & Roberto Chang & Andres Velasco, 2000. "Balance Sheets and Exchange Rate Policy," NBER Working Papers 7840, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    26. Francois, Joseph & Schuknecht, Ludger, 1999. "Trade in Financial Services: Procompetitive Effects and Growth Performance," CEPR Discussion Papers 2144, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    27. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    28. Ludovic Renou, 2008. "Multi-lender coalitions in costly state verification models," Economic Theory, Springer, vol. 36(3), pages 407-433, September. [Downloadable!] (restricted)
    29. Giorgio Di Giorgio, 1999. "Financial Intermediation and Equity Investment with Costly Monitoring," Economics Working Papers 410, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    30. Pedro Mazeda Gil, 2003. "A Model of Firm Behaviour with Equity Constraints and Bankruptcy Costs," FEP Working Papers 134, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
    31. Luigi Guiso & Anil K. Kashyap & Fabio Panetta & Daniele Terlizzese, 2000. "Will a Common European Monetary Policy Have Asymmetric Effects?," Temi di discussione (Economic working papers) 384, Bank of Italy, Economic Research Department. [Downloadable!]
      Other versions:
    32. Harold L. Cole, 2008. "Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims," NBER Working Papers 14480, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    33. Philip Lowe & Thomas Rohling, 1992. "Loan Rate Stickiness: Theory and Evidence," RBA Research Discussion Papers rdp9206, Reserve Bank of Australia. [Downloadable!]
    34. Eschenbach, Felix & Francois, Joseph, 2002. "Financial Sector Competition, Services Trade, and Growth," CEPR Discussion Papers 3573, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    35. Gertler, M. & Gilchrist, S., 1993. "Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms," Working Papers 93-02, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    36. Philip Lowe & Thomas Rohling, 1993. "Agency Costs, Balance Sheets and the Business Cycle," RBA Research Discussion Papers rdp9311, Reserve Bank of Australia. [Downloadable!]
    37. William G. Gale, 1989. "Collateral, Rationing, and Government Intervention in Credit Markets," NBER Working Papers 3024, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    38. Jeffrey MacKie-Mason, 1988. "Do Taxes Affect Corporate Financing Decisions?," NBER Working Papers 2632, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    39. Gertler, M. & Rose, A., 1991. "Finance, growth, and public policy," Policy Research Working Paper Series 814, The World Bank. [Downloadable!]
    40. Joseph F. Francois, 1995. "Dynamic Effects Of Trade In Financial Services," International Economic Journal, Korean International Economic Association, vol. 9(3), pages 1-14, October. [Downloadable!] (restricted)
    41. Basab Dasgupta, 2004. "Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?," Working papers 2004-32, University of Connecticut, Department of Economics. [Downloadable!]
      Other versions:
    42. Michelacci, Claudio & Silva, Olmo, 2006. "Why So Many Local Entrepreneurs?," CEPR Discussion Papers 5828, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    43. Arturo Galindo & Alejandro Micco, 2005. "Bank Credit to Small and Medium-Sized Enterprises: The Role of Creditor Protection," Working Papers Central Bank of Chile 347, Central Bank of Chile. [Downloadable!]
      Other versions:
    44. R.Fiorentini & R.Tamborini, 2000. "Monetary policy, credit and aggregate supply: the evidence from Italy," General Economics and Teaching 0004008, EconWPA. [Downloadable!]
      Other versions:
    45. Basab Dasupta, 2005. "Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes," Working papers 2005-18, University of Connecticut, Department of Economics. [Downloadable!]
    46. Jessica Holmes & Jonathan Isham & Ryan Petersen & Paul Sommers, 2005. "Does Relationship Lending Still Matter in the Consumer Banking Sector? Evidence from Two Financial Service Organizations in Vermont," Middlebury College Working Paper Series 0511, Middlebury College, Department of Economics. [Downloadable!]
    47. Marco A. Espinosa-Vega & Bruce D. Smith & Chong K. Yip, 2000. "Barriers to international capital flows: when, why, how big, and for whom?," Working Paper 2000-16, Federal Reserve Bank of Atlanta. [Downloadable!]
    48. Mwanza Nkusu, 2003. "Interest Rates, Credit Rationing, and Investment in Developing Countries," IMF Working Papers 03/63, International Monetary Fund. [Downloadable!]
    49. Taner Yigit, 2002. "Effects of Uncertainty on Credit Markets," Departmental Working Papers 0209, Bilkent University, Department of Economics. [Downloadable!]
    50. Yoshiaki Ogura, 2006. "Endogenous Relationship Banking to Alleviate Excessive Screening Transaction Banking," Discussion Paper Series a487, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    51. Roszbach, Kasper, 2003. "Bank Lending Policy, Credit Scoring and the Survival of Loans," Working Paper Series 154, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
      Other versions:
    52. Beck, Thorsten & de la Torre, Augusto, 2006. "The basic analytics of access to financial services," Policy Research Working Paper Series 4026, The World Bank. [Downloadable!]
    53. Bin Xu, 1998. "Costly Monitoring In Financial Markets And Capital Outflow Restrictions," International Economic Journal, Korean International Economic Association, vol. 12(2), pages 117-136, June. [Downloadable!] (restricted)
    54. Anjan V. Thakor, 2004. "Capital Requirements, Monetary Policy, and Aggregate Bank," Finance 0411027, EconWPA. [Downloadable!]
    55. Capasso, Salvatore, 2006. "Stock Market Development and Economic Growth," Working Papers RP2006/102, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
    56. Caprio, Gerard Jr. & Dooley, Michael & Leipziger, Danny & Walsh, Carl, 1996. "The lender of last resort function under a currency board : the case of Argentina," Policy Research Working Paper Series 1648, The World Bank. [Downloadable!]
      Other versions:
    57. Charles T. Carlstrom & Timothy S. Fuerst, 2000. "Monetary shocks, agency costs, and business cycles," Working Paper 0011, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    58. Yongfu Huang, 2006. "Private investment and financial development in a globalized world," Bristol Economics Discussion Papers 06/589, Department of Economics, University of Bristol, UK. [Downloadable!]
    59. Eijffinger, Sylvester C W & Goderis, Benedikt, 2002. "Financial Crises, Monetary Policy and Financial Fragility; A Second-Generation Model of Currency Crises," CEPR Discussion Papers 3637, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    60. Marco A. Espinosa & Chong K. Yip, 1995. "Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries," Working Paper 95-10, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    61. Mark M. Spiegel, 2001. "Solvency runs, sunspot runs, and international bailouts," Working Papers in Applied Economic Theory 2001-05, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    62. Marco A. Espinosa-Vega & Bruce D. Smith, 2001. "Socially excessive bankruptcy costs and the benefits of interest rate ceilings on loans," Working Paper 2001-27, Federal Reserve Bank of Atlanta. [Downloadable!]
    63. Edward J. Green & Ping Lin, 2000. "Diamond and Dybvig's classic theory of financial intermediation : what's missing?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 3-13. [Downloadable!]
    64. Arturo Galindo & Fabio Schiantarelli, 2002. "Limitaciones crediticias en América Latina: panorámica general de los elementos de juicio al nivel micro," RES Working Papers 4306, Inter-American Development Bank, Research Department. [Downloadable!]
    65. Cheng Wang & Ruilin Zhou, 2000. "Equilibrium lending mechanism and aggregate activity," Working Paper Series WP-00-30, Federal Reserve Bank of Chicago. [Downloadable!]
      Other versions:
    66. Rangan Gupta, 2004. "Costly State Monitoring and Reserve Requirements," Working papers 2004-33, University of Connecticut, Department of Economics, revised Jul 2005. [Downloadable!]
    67. Mark G. Guzman, 1999. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Working Papers 99-07, Federal Reserve Bank of Dallas. [Downloadable!]
    68. Wako Watanabe, 2004. "Availability of Firms' Information and their Choice of External Credit: Evidence from the Data of Small Firms," ISER Discussion Paper 0616, Institute of Social and Economic Research, Osaka University. [Downloadable!]
    69. Stanley D. Longhofer, 1997. "Absolute priority rule violations, credit rationing, and efficiency," Working Paper 9710, Federal Reserve Bank of Cleveland. [Downloadable!]

Articles

  1. Stephen D. Williamson, 2008. "New Keynesian economics : a monetary perspective," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 197-218. [Downloadable!]

    Cited by:

    1. Andrea Hornstein, 2008. "Introduction to the new Keynesian Phillips curve," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 301-309. [Downloadable!]

  2. Stephen D. Williamson, 2006. "Search, Limited Participation, And Monetary Policy ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(1), pages 107-128, 02. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  3. Stephen D. Williamson, 2005. "Limited participation and the neutrality of money," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 1-20. [Downloadable!]

    Cited by:

    1. Zeno Enders, 2006. "Slow Money Dissemination," Economics Working Papers ECO2006/25, European University Institute. [Downloadable!]
    2. Kilponen , Juha & Milne, Alistair, 2007. "The lending channel under optimal choice of monetary policy," Research Discussion Papers 33/2007, Bank of Finland. [Downloadable!]

  4. Stephen Williamson, 2004. "Limited participation, private money, and credit in a spatial model of money," Economic Theory, Springer, vol. 24(4), pages 857-875, November. [Downloadable!] (restricted)

    Cited by:

    1. Antoine Martin, 2008. "Reconciling Bagehot with the Fed's response to September 11," Staff Reports 217, Federal Reserve Bank of New York. [Downloadable!]
    2. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
    3. Carolyn Sissoko, 2006. "An Idealized View of Financial Intermediation," Occidental Economics Working Papers 6, Occidental College, Department of Economics, revised Jun 2007. [Downloadable!]
      Other versions:
    4. Aleksander Berentsen & Gabriele Camera & Christopher Waller, . "The Distribution of Money Balances and the Non-Neutrality of Money," IEW - Working Papers iewwp220, Institute for Empirical Research in Economics - IEW. [Downloadable!]
      Other versions:
    5. Stephen D. Williamson, 2005. "Limited participation and the neutrality of money," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 1-20. [Downloadable!]
    6. Sun, Hongfei, 2007. "Banking, Inside Money and Outside Money," MPRA Paper 4504, University Library of Munich, Germany. [Downloadable!]
      Other versions:

  5. Williamson, Stephen D., 2003. "Payments systems and monetary policy," Journal of Monetary Economics, Elsevier, vol. 50(2), pages 475-495, March. [Downloadable!] (restricted)

    Cited by:

    1. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]

  6. Wang, Cheng & Williamson, Stephen D., 2002. "Moral hazard, optimal unemployment insurance, and experience rating," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1337-1371, October. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  7. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]

    Cited by:

    1. Ricardo Cavalcanti & Ed Nosal, 2007. "Counterfeiting as private money in mechanism design," Working Paper 0716, Federal Reserve Bank of Cleveland. [Downloadable!]
    2. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]

  8. Temzelides, Ted & Williamson, Stephen D., 2001. "Payments Systems Design in Deterministic and Private Information Environments," Journal of Economic Theory, Elsevier, vol. 99(1-2), pages 297-326, July. [Downloadable!] (restricted)

    Cited by:

    1. Stephen D. Williamson, 2009. "Transactions, Credit, and Central Banking in a Model of Segmented Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(2), pages 344-362, April. [Downloadable!] (restricted)
    2. Thorsten Koeppl & Cyril Monnet & Ted Temzelides, 2007. "A dynamic model of the payment system," Working Papers 07-22, Federal Reserve Bank of Philadelphia. [Downloadable!]
    3. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics. [Downloadable!]
    4. Ed Nosal & Guillaume Rocheteau, 2006. "The economics of payments," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Feb. [Downloadable!]
    5. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    6. Antoine Martin, 2002. "Optimal pricing of intra-day liquidity," Research Working Paper RWP 02-02, Federal Reserve Bank of Kansas City. [Downloadable!]
      Other versions:
    7. Jonathan Chiu & Alexandra Lai, 2007. "Modelling Payments Systems: A Review of the Literature," Working Papers 07-28, Bank of Canada. [Downloadable!]
    8. Huberto M. Ennis & John A. Weinberg, 2007. "Interest on reserves and daylight credit," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 111-142. [Downloadable!]
    9. Shouyong Shi, 2008. "Efficiency Improvement from Restricting the Liquidity of Nominal Bonds," Working Papers tecipa-329, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    10. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]
    11. Thorsten Koeppl & Cyril Monnet & Ted Temzelides, 2006. "A Dynamic Model of Settlement," Working Papers 1053, Queen's University, Department of Economics. [Downloadable!]
      Other versions:

  9. Temzelides, Ted & Williamson, Stephen D., 2001. "Private money, settlement, and discounts," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 54(1), pages 85-108, June. [Downloadable!] (restricted)

    Cited by:

    1. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    2. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    3. Stephen Williamson, 2000. "The Research Agenda: Payment Systems and Private Money," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 2(1), November. [Downloadable!]

  10. Aiyagari, S. Rao & Williamson, Stephen D., 2000. "Money and Dynamic Credit Arrangements with Private Information," Journal of Economic Theory, Elsevier, vol. 91(2), pages 248-279, April. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  11. S. Rao Aiyagari & Stephen D. Williamson, 1999. "Credit in a Random Matching Model with Private Information," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 36-64, January. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  12. Stephen D. Williamson, 1999. "Private money," Proceedings, Federal Reserve Bank of Cleveland, pages 469-499.
    Other versions:
    Published as:

    See citations under working paper version above.

  13. Stephen D. Williamson, 1998. "Payment systems with random matching and private information," Proceedings, Federal Reserve Bank of Cleveland, issue Aug, pages 551-572.
    Other versions:
    Published as:

    See citations under working paper version above.

  14. Stephen D. Williamson, 1998. "Discount Window Lending and Deposit Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 246-275, January. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  15. Cheng Wang & Stephen D. Williamson, 1998. "Debt Contracts with Financial Intermediation with Costly Screening," Canadian Journal of Economics, Canadian Economics Association, vol. 31(3), pages 573-595, August. [Downloadable!] (restricted)

    Cited by:

    1. Jeffrey M. Lacker, 1998. "Collateralized debt as the optimal contract," Working Paper 98-04, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    2. Stephen D. Williamson, 1998. "Discount Window Lending and Deposit Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 246-275, January. [Downloadable!] (restricted)
      Other versions:
    3. Ari Hyytinen, 2001. "Information Production, Banking Competition and the Market Structure of the Banking Industry," Discussion Papers 749, The Research Institute of the Finnish Economy. [Downloadable!]
    4. Karel Janda, 2008. "Which Government Interventions Are Good in Alleviating Credit Market Failures?," Working Papers IES 2008/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2008. [Downloadable!]
    5. Ari Hyytinen & Otto Toivanen, 2000. "Monitoring and Market Power in Credit Markets," Econometric Society World Congress 2000 Contributed Papers 1879, Econometric Society. [Downloadable!]
      Other versions:
    6. Bossone, Biagio, 2000. "What makes banks special ? a study of banking, finance, and economic development," Policy Research Working Paper Series 2408, The World Bank. [Downloadable!]

  16. Williamson, Stephen D., 1996. "Real business cycle research comes of age: A review essay," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 161-170, August. [Downloadable!] (restricted)

    Cited by:

    1. Antonella Palumbo, . "I Metodi Di Stima Del Pil Potenziale Tra Fondamenti Di Teoria Economica E Contenuto Empirico," Departmental Working Papers of Economics - University 'Roma Tre' 0092, Department of Economics - University Roma Tre. [Downloadable!]

  17. Bruce Champ & Bruce D. Smith & Stephen D. Williamson, 1996. "Currency Elasticity and Banking Panics: Theory and Evidence," Canadian Journal of Economics, Canadian Economics Association, vol. 29(4), pages 828-64, November. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  18. Wang, Cheng & Williamson, Stephen, 1996. "Unemployment insurance with moral hazard in a dynamic economy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 44(1), pages 1-41, June. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  19. Williamson, Stephen D., 1994. "Liquidity and market participation," Journal of Economic Dynamics and Control, Elsevier, vol. 18(3-4), pages 629-670. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  20. Stephen D. Williamson, 1994. "Sequential markets and the suboptimality of the Friedman rule," Proceedings, Federal Reserve Bank of Dallas, issue Apr.
    Published as:

    Cited by:

    1. Beatrix Paal & Bruce D. Smith, 2001. "The sub-optimality of the Friedman rule and the optimum quantity of money," IEHAS Discussion Papers 0113, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    2. Benjamin Eden, 2001. "Inventories and the Business Cycle: Testing a Sequential Trading Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(3), pages 562-574, July. [Downloadable!] (restricted)
    3. Eyal Baharad & Benjamin Eden, 2004. "Price Rigidity and Price Dispersion: Evidence from Micro Data," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 613-641, July. [Downloadable!] (restricted)
      Other versions:
    4. Boel, Paola & Camera, Gabriele, 2004. "Efficient Monetary Allocations and the Illiquidity of Bonds," Purdue University Economics Working Papers 1171, Purdue University, Department of Economics. [Downloadable!]
    5. Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2002. "Friedman Meets Hosios: Efficiency in Search Models of Money," Working Papers shouyong-02-04, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    6. Benjamin Eden, 2001. "Inflation and Price Adjustment: An Analysis of Microdata," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(3), pages 607-636, July. [Downloadable!] (restricted)
      Other versions:

  21. Williamson, Stephen D, 1994. "Do Informational Frictions Justify Federal Credit Programs?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 523-44, August. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Iichiro Uesugi & Koji Sakai & Guy M. Yamashiro, 2006. "Effectiveness of Credit Guarantees in the Japanese Loan Market," Discussion papers 06004, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    2. Joseph G. Haubrich & James B. Thomson, 1994. "A conference on federal credit allocation," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 2-13. [Downloadable!]

  22. Williamson, Stephen D., 1992. "Laissez-faire banking and circulating media of exchange," Journal of Financial Intermediation, Elsevier, vol. 2(2), pages 134-167, June. [Downloadable!] (restricted)

    Cited by:

    1. Charles M. Kahn & William Roberds, 1995. "On the efficiency of cash settlement," Working Paper 95-11, Federal Reserve Bank of Atlanta. [Downloadable!]
    2. Jeffrey M. Lacker, 1996. "Stored value cards: costly private substitutes for government currency," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 1-25. [Downloadable!]
    3. Phillip M Johnson, 2002. "Essays on Capital Markets: Frictions and Social Forces," Levine's Working Paper Archive 618897000000000052, David K. Levine. [Downloadable!]
    4. Bengt Holmstrom & Jean Tirole, 1996. "Private and Public Supply of Liquidity," NBER Working Papers 5817, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    5. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money: expanded version," Working Papers 2001-011, Federal Reserve Bank of St. Louis. [Downloadable!]
    6. François R. Velde & Warren E. Weber & Randall Wright, 1999. "A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 291-323, January. [Downloadable!] (restricted)
      Other versions:
    7. Jeffrey M. Lacker, 1997. "Clearing, settlement, and monetary policy," Working Paper 97-01, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    8. James McAndrews & William Roberds, 1999. "Payment intermediation and the origins of banking," Staff Reports 85, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    9. James Bullard & Bruce D. Smith, 2001. "The value of inside and outside money," Working Papers 2000-027, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    10. Costas Azariadis & James Bullard & Bruce Smith, 2000. "Private and public circulating liabilities," Working Papers 2000-012, Federal Reserve Bank of St. Louis. [Downloadable!]
      Other versions:
    11. Gerald P. Dwyer, Jr. & Margarita Samartín, 2006. "Why do banks promise to pay par on demand?," Working Paper 2006-26, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    12. Mark Pingle & Leigh Tesfatsion, 1993. "``Active Intermediation in a Monetary Overlapping Generations Economy''," Macroeconomics 9312001, EconWPA, revised 04 Dec 1993. [Downloadable!]
      Other versions:
    13. Steve Williamson & Randall Wright, 1991. "Barter and monetary exchange under private information," Staff Report 141, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    14. Stephen D. Williamson, 2002. "Private money and counterfeiting," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 37-57. [Downloadable!]
    15. Charles M. Kahn & William Roberds, 1998. "Demandable debt as a means of payment: banknotes versus checks," Working Paper 98-5, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    16. Akiomi Kitagawa, 2001. "Does Money Always Make People Happy?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(2), pages 495-515, July. [Downloadable!] (restricted)
    17. Jeffrey M. Lacker, 1996. "Stored value cards: costly private substitutes for currency," Working Paper 96-03, Federal Reserve Bank of Richmond. [Downloadable!]

  23. Williamson, Stephen D, 1990. "Sectoral Shifts, Labor Market Sorting, and Aggregate Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(4), pages 935-52, November. [Downloadable!] (restricted)

    Cited by:

    1. Richard Rogerson, 2005. "Sectoral Shocks, Specific Human Capital and Displaced Workers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 89-105, January. [Downloadable!] (restricted)

  24. Greenwood, Jeremy & Williamson, Stephen D., 1989. "International financial intermediation and aggregate fluctuations under alternative exchange rate regimes," Journal of Monetary Economics, Elsevier, vol. 23(3), pages 401-431, May. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  25. Williamson, Stephen D, 1987. "Financial Intermediation, Business Failures, and Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1196-1216, December. [Downloadable!] (restricted)

    Cited by:

    1. Hans Gersbach, 2002. "Financial Intermediation and the Creation of Macroeconomic Risks," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    2. Jon R. Vilasuso, 1997. "The relationship between cash flow and investment in the United States at business cycle frequencies," Applied Economics, Taylor and Francis Journals, vol. 29(10), pages 1283-1293, October. [Downloadable!] (restricted)
    3. Joao F. Gomes & Amir Yaron & Lu Zhang, 2003. "Asset Prices and Business Cycles with Costly External Finance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 767-788, October. [Downloadable!] (restricted)
      Other versions:
    4. Cheng Wang & Stephen D. Williamson, 1993. "Adverse Selection in Credit Markets with Costly Screening," Finance 9310001, EconWPA, revised 02 Nov 1993. [Downloadable!]
    5. WenLi Li & Pierre-Daniel Sarte, 2000. "Investigating fluctuations in U.S. manufacturing : what are the direct effects of informational frictions?," Working Paper 00-01, Federal Reserve Bank of Richmond. [Downloadable!]
    6. Fabio ALESSANDRINI, 2003. "Introducing Capital Structure in a Production Economy: Implications for Investment, Debt and Dividends," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 03.03, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
    7. Mingwei Yuan & Christian Zimmermann, 2000. "Financial Intermediation with Heterogeneous Projects: An Application to the Japanese Credit Crunch," Cahiers de recherche CREFE / CREFE Working Papers 115, CREFE, Université du Québec à Montréal. [Downloadable!]
    8. Levine, Ross & Loayza, Norman & Beck, Thorsten, 1999. "Financial intermediation and growth : Causality and causes," Policy Research Working Paper Series 2059, The World Bank. [Downloadable!]
      Other versions:
    9. Mingwei Yuan & Christian Zimmermann, 1999. "Credit Crunch in a Model of Financial Intermediation and Occupational Choice," Cahiers de recherche CREFE / CREFE Working Papers 97, CREFE, Université du Québec à Montréal. [Downloadable!]
      Other versions:
    10. Bernanke, B. & Gertler, M. & Gilchrist, S., 1998. "The Financial Accelerator in a Quantitative Business Cycle Framework," Working Papers 98-03, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    11. Francois, Joseph & Schuknecht, Ludger, 1999. "Trade in Financial Services: Procompetitive Effects and Growth Performance," CEPR Discussion Papers 2144, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    12. Bhattacharya, J. & Chankraborty, S., 2003. "What do information frictions do?," Discussion Paper 21, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    13. Javier Diaz-Gimenez & Edward C. Prescott & Terry Fitzgerald & Fernando Alvarez, 1992. "Banking in computable general equilibrium economies," Staff Report 153, Federal Reserve Bank of Minneapolis. [Downloadable!]
      Other versions:
    14. John Boyd & Bruce Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years," Working Paper 0317, Federal Reserve Bank of Cleveland. [Downloadable!]
    15. Eschenbach, Felix & Francois, Joseph, 2002. "Financial Sector Competition, Services Trade, and Growth," CEPR Discussion Papers 3573, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    16. Gertler, M. & Gilchrist, S., 1993. "Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms," Working Papers 93-02, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    17. Fabio ALESSANDRINI, 2003. "Some Additional Evidence from the Credit Channel on the Response to Monetary Shocks: Looking for Asymmetries," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 03.04, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
    18. Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2004. "The Great Depression and the Friedman-Schwartz Hypothesis," NBER Working Papers 10255, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    19. Joseph F. Francois, 1995. "Dynamic Effects Of Trade In Financial Services," International Economic Journal, Korean International Economic Association, vol. 9(3), pages 1-14, October. [Downloadable!] (restricted)
    20. David Aadland, 2002. "Detrending Time-Aggregated Data," Macroeconomics 0301007, EconWPA. [Downloadable!]
      Other versions:
    21. Basab Dasgupta, 2004. "Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?," Working papers 2004-32, University of Connecticut, Department of Economics. [Downloadable!]
      Other versions:
    22. Basab Dasupta, 2005. "Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes," Working papers 2005-18, University of Connecticut, Department of Economics. [Downloadable!]
    23. Shankha Chakraborty & Tridip Ray, 2003. "Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis," University of Oregon Economics Department Working Papers 2003-6, University of Oregon Economics Department, revised 01 Feb 2002. [Downloadable!]
      Other versions:
    24. Christopher L. House, 2002. "Adverse Selection and the Accelerator," Macroeconomics 0211015, EconWPA. [Downloadable!]
    25. Ben S. Bernanke & Mark Gertler, 1986. "Agency Costs, Collateral, and Business Fluctuations," NBER Working Papers 2015, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    26. Russell Cooper & Dean Corbae, 2001. "Financial collapse and active monetary policy: a lesson from the Great Depression," Staff Report 289, Federal Reserve Bank of Minneapolis. [Downloadable!]
    27. Spiros Bougheas & Paul Mizen & Cihan Yalcin, 2004. "Access to External Finance : Theory and Evidence on the Impact of Firm-Specific Characteristics," Working Papers 0406, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
    28. Jose L Wynne, 2001. "Financial Frictions in Business Cycles, Trade and Growth," Levine's Working Paper Archive 625018000000000127, David K. Levine. [Downloadable!]
    29. Gertler, Mark, 1990. "Financial Capacity And Output Fluctuations In An Economy With Multiperiod Financial Relationships," Working Papers 90-44, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
      Other versions:
    30. Shankha Chakraborty & Amartya Lahiri, 2003. "Costly Intermediation and the Poverty of Nations," University of Oregon Economics Department Working Papers 2003-1, University of Oregon Economics Department, revised 01 Jan 2003. [Downloadable!]
      Other versions:
    31. Ben Bernanke & Mark Gertler, 1987. "Financial Fragility and Economic Performance," NBER Working Papers 2318, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    32. Carol Scotese Lehr, 2001. "Banks and Output Fluctuations," Working Papers 0101, VCU School of Business, Department of Economics.
    33. Hans Gersbach, 2001. "The Dynamics of Deposit Insurance and the Consumption Trap," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]

  26. Williamson, Stephen D, 1987. "Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing," The Quarterly Journal of Economics, MIT Press, vol. 102(1), pages 135-45, February. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  27. Stephen D. Williamson, 1987. "Recent developments in modeling financial intermediation," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Sum, pages 19-29. [Downloadable!]

    Cited by:

    1. N. S. Chiteji, 2002. "Promises kept: enforcement and the role of rotating savings and credit associations in an economy," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(4), pages 393-411. [Downloadable!]

  28. Williamson, Stephen D, 1987. "Transactions Costs, Inflation, and the Variety of Intermediation Services," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 19(4), pages 484-98, November. [Downloadable!] (restricted)

    Cited by:

    1. Bernard Bensaid & André De Palma, 1995. "Politique monétaire et concurrence bancaire," Annales d'Economie et de Statistique, ADRES, issue 40, pages 09, Octobre-D. [Downloadable!]
    2. Amable, B. & Chatelain, J.-B. & De Bandt, O., 2001. "Optimal Capacity in the Banking Sector and Economic Growth," Documents de Travail 85, Banque de France. [Downloadable!]
      Other versions:
    3. Amable, Bruno & Chatelain, Jean-Bernard & De Bandt, Olivier, 1998. "Stability versus efficiency of the banking sector and economic growth," CEPREMAP Working Papers (Couverture Orange) 9811, CEPREMAP. [Downloadable!]

  29. Williamson, Stephen D, 1986. "Increasing Returns to Scale in Financial Intermediation and the Non-neuturality of Government Policy," Review of Economic Studies, Blackwell Publishing, vol. 53(5), pages 863-75, October. [Downloadable!] (restricted)

    Cited by:

    1. Ari Hyytinen & Otto Toivanen, 2002. "Asymmetric Information and the Market Structure of the Venture Capital Industry (Revised)," Discussion Papers 768, The Research Institute of the Finnish Economy. [Downloadable!]
    2. Dressler, Scott, 2008. "Economies of scale in banking, indeterminacy, and monetary policy," MPRA Paper 8370, University Library of Munich, Germany. [Downloadable!]
    3. Russell Cooper & Dean Corbae, 2001. "Financial collapse and active monetary policy: a lesson from the Great Depression," Staff Report 289, Federal Reserve Bank of Minneapolis. [Downloadable!]
    4. Ari Hyytinen & Tuomas Takalo, 2001. "Preventing Systemic Crises through Bank Transparency," Discussion Papers 776, The Research Institute of the Finnish Economy. [Downloadable!]
      Other versions:

  30. Williamson, Stephen D., 1986. "Costly monitoring, financial intermediation, and equilibrium credit rationing," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 159-179, September. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

Chapters

  1. Stephen D. Williamson, 1989. "Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States 1870-1913," NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 303-350 National Bureau of Economic Research, Inc. [Downloadable!]
    Other versions:

    See citations under working paper version above.Sorry, no citations of chapters recorded.

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