"Payment Economics and the Role of Central Banks," in The Future of Payment Systems, Andrew Haldane, Stephen Millard, and Victoria Saporta, eds., Routledge: London, 2008.
"Payment System Disruptions and the Federal Reserve Following September 11, 2001," Journal of Monetary Economics 51 (July 2004).
"Payment Economics: Studying the Mechanics of Exchange," (with John A. Weinberg) Journal of Monetary Economics 50 (March 2003).
"Collateralized Debt as the Optimal Contract," Review of Economic Dynamics 4 (October 2001) 842-59.
"The CLS Bank: A Solution to the Risks of International Payments Settlement? A Comment," Carnegie-Rochester Conference Series on Public Policy 54 (June 2001) 227-33.
"Comment on Redemption Costs and Interest Rates under the U.S. National Banking System," Journal of Money, Credit, and Banking, Part 2, 31 (August 1999) 590-93.
"The Coalition-Proof Core in Adverse Selection Economies" (with John A. Weinberg) Geneva Papers on Risk and Insurance Theory 24 (1999) 5-17.
"Clearing, settlement and monetary policy," Journal of Monetary Economics 40 (October 1997) 327-381.
"Money and credit as means of payment," (with Stacey L. Schreft) Journal of Monetary Economics 38 (August 1996) 3-23.
"A 'Coalition-Proof' Equilibrium for a Private Information Credit Economy," (with John A. Weinberg) Economic Theory 3 (1993), 279-296.
"Incentive Compatible Financial Contracts, Asset Prices, and the Value of Control," (with John A. Weinberg and Robert J. Levy) Journal of Financial Intermediation 1 (March 1990), 31-56.
"Inside Money and Real Output: A Reinterpretation," Journal of Macroeconomics 12 (Winter 1990), 65-79.
"Optimal Contracts Under Costly State Falsification," (with John A. Weinberg) Journal of Political Economy 97 (December 1989), 1245-1363.
"Financial Intermediation, Optimality, and Efficiency," Canadian Journal of Economics 22 (May 1989), 364-382.
"Inside Money and Real Output," Economics Letters 28 (1988), 9-14.
"Introduction" (Special issue: The Fiftieth Anniversary of the Accord: Issues in Treasury-Federal Reserve Relations) Federal Reserve Bank of Richmond Economic Quarterly 87/1 (Winter 2001) 1-6.
"Limited Commitment and Central Bank Lending," (with Marvin Goodfriend) Federal Reserve Bank of Richmond Economic Quarterly 85/4 (Fall 1999), 1-27.
"The Fed's Entry into Check Clearing Reconsidered," (with Jeffrey D. Walker and John A. Weinberg) Federal Reserve Bank of Richmond Economic Quarterly 85/2 (Spring 1999), 1-31.
"Can the Fed be a Payment System Innovator?" (with John A. Weinberg) Federal Reserve Bank of Richmond 1997 Annual Report, 5-27, reprinted in Federal Reserve Bank of Richmond Economic Quarterly 84/2 (Spring 1998), 1-25.
"The Check Float Puzzle," Federal Reserve Bank of Richmond Economic Quarterly 83/3 (Summer 1997), 1-25.
"Stored Value Cards: Costly Private Substitutes for Government Money," Federal Reserve Bank of Richmond Economic Quarterly 82/3 (Summer 1996), 1-25.
"Errors in Variables and Lending Discrimination,"(with Jed DeVaro) Federal Reserve Bank of Richmond Economic Quarterly 81/3 (Summer 1995), 19-32.
"Neighborhoods and Banking," Federal Reserve Bank of Richmond 1994 Annual Report, 5-35, reprinted in Federal Reserve Bank of Richmond Economic Quarterly 81/2 (Spring 1995), 13-38.
"Does Adverse Selection Justify Government Intervention in Loan Markets?" Federal Reserve Bank of Richmond Economic Quarterly 80/1 (Winter 1994), 61-95.
"Should We Subsidize the Use of Currency?" Federal Reserve Bank of Richmond Economic Quarterly 79/1 (Winter 1993), 47-73.
"Why is There Debt?" Federal Reserve Bank of Richmond Economic Review 77 (July/August 1991), 3-19.
"Takeovers and Stock Price Volatility," (with John A. Weinberg) Federal Reserve Bank of Richmond Economic Review 76 (March/April 1990), 29-44.
Krannert Graduate School of Management, Purdue University, 1984-89
The College of William and Mary, 1992-3
B.A., Franklin and Marshall College, 1977
Ph.D., University of Wisconsin, 1984
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Kartik AthreyaHuberto M. EnnisBorys GrochulskiJuan Carlos HatchondoRobert L. HetzelAndreas HornsteinThomas M. HumphreyArantxa JarqueThomas A. LubikLeonardo MartinezYash P. MehraRaymond E. OwensEdward Simpson PrescottPierre-Daniel G. SarteJohn R. WalterRoy H. WebbJohn A. WeinbergAlexander L. Wolman
