Gary B. Gorton

Yale School of Management

165 Whitney Ave

P.O. Box 208200

New haven, CT 06511

United States

http://mba.yale.edu/faculty/profiles/gorton.shtml

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Yale University - Yale Program on Financial Stability

165 Whitney Avenue

P.O. Box 208200

New Haven, CT 06520-8200

United States

SCHOLARLY PAPERS

98

DOWNLOADS
Rank 37

SSRN RANKINGS

Top 37

in Total Papers Downloads

170,858

SSRN CITATIONS
Rank 106

SSRN RANKINGS

Top 106

in Total Papers Citations

1,981

CROSSREF CITATIONS

3,052

Scholarly Papers (98)

1.
Downloads 28,520 ( 84)
Citation 111

Facts and Fantasies About Commodity Futures

Number of pages: 41 Posted: 29 Jun 2004
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 27,709 (88)
Citation 16

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Facts and Fantasies About Commodity Futures

NBER Working Paper No. w10595
Number of pages: 41 Posted: 25 May 2006 Last Revised: 14 Jun 2021
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 811 (36,600)
Citation 48

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Facts and Fantasies About Commodity Futures

Financial Analysts Journal, Vol. 62, No. 2, pp. 47-68, April 2006
Posted: 23 May 2006
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance

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Derivative Instruments, Commodity Derivatives, Alternative Investments, Commodities, Portfolio Management, Asset Allocation

2.
Downloads 14,854 ( 280)
Citation 160

The Fundamentals of Commodity Futures Returns

Yale ICF Working Paper No. 07-08
Number of pages: 62 Posted: 28 Jun 2007 Last Revised: 07 Feb 2012
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 14,537 (285)
Citation 34

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Commodity, Futures, Theory of Storage, Inventories, Backwardation, Hedging Pressure, Futures Trading

The Fundamentals of Commodity Futures Returns

NBER Working Paper No. w13249
Number of pages: 63 Posted: 13 Jul 2007 Last Revised: 15 Mar 2021
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 317 (117,373)
Citation 57

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3.

Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007

Number of pages: 53 Posted: 18 May 2009
Gary B. Gorton
Yale School of Management
Downloads 13,047 (368)
Citation 170

Abstract:

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financial crisis, banking panic, Panic of 2007, repo markets

4.
Downloads 12,299 ( 411)
Citation 625

Securitized Banking and the Run on Repo

Yale ICF Working Paper No. 09-14
Number of pages: 65 Posted: 30 Jul 2009 Last Revised: 12 Nov 2013
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 11,948 (426)
Citation 120

Abstract:

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repo, securitized

Securitized Banking and the Run on Repo

NBER Working Paper No. w15223
Number of pages: 54 Posted: 18 Aug 2009 Last Revised: 05 Feb 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 351 (104,822)
Citation 85

Abstract:

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5.

Regulating the Shadow Banking System

Number of pages: 41 Posted: 15 Sep 2010 Last Revised: 12 Nov 2010
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 10,568 (546)
Citation 54

Abstract:

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Shadow Banking, Financial Crisis, Bank Regulation

6.

Taming Wildcat Stablecoins

Number of pages: 49 Posted: 19 Jul 2021
Gary B. Gorton and Jeffery Zhang
Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 10,259 (585)

Abstract:

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Stablecoins, central bank digital currencies

7.
Downloads 6,900 ( 1,165)
Citation 64

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21
Number of pages: 63 Posted: 04 May 2005 Last Revised: 22 Nov 2019
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 6,590 (1,254)
Citation 17

Abstract:

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Securitization, Special Purpose Vehicles, Bankruptcy, Consumer Credit, Credit Cards

Special Purpose Vehicles and Securitization

NBER Working Paper No. w11190
Number of pages: 64 Posted: 08 Apr 2005 Last Revised: 31 Jul 2021
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and University of Pennsylvania - Finance Department
Downloads 309 (120,628)
Citation 5

Abstract:

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Special Purpose Vehicles and Securitization

FRB of Philadelphia Working Paper No. 05-21
Number of pages: 64 Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Gary B. Gorton and Nicholas S. Souleles
Yale School of Management and affiliation not provided to SSRN
Downloads 1 (814,463)

Abstract:

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8.
Downloads 6,260 ( 1,374)
Citation 85

The Subprime Panic

Yale ICF Working Paper No. 08-25
Number of pages: 40 Posted: 01 Oct 2008
Gary B. Gorton
Yale School of Management
Downloads 5,895 (1,511)
Citation 5

Abstract:

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Banking panic, securitization, off-balance sheet vehicles, ABX index

The Subprime Panic

NBER Working Paper No. w14398
Number of pages: 40 Posted: 10 Oct 2008 Last Revised: 14 Oct 2008
Gary B. Gorton
Yale School of Management
Downloads 357 (102,876)

Abstract:

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The Subprime Panic

European Financial Management, Vol. 15, No. 1, pp. 10-46, January 2009
Number of pages: 37 Posted: 02 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 8 (747,332)
Citation 33
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9.
Downloads 4,998 ( 2,018)
Citation 8

The Panic of 2007

Yale ICF Working Paper No. 08-24
Number of pages: 92 Posted: 26 Aug 2008
Gary B. Gorton
Yale School of Management
Downloads 4,726 (2,201)
Citation 4

Abstract:

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Panic, Capital Markets

The Panic of 2007

NBER Working Paper No. w14358
Number of pages: 93 Posted: 23 Sep 2008 Last Revised: 27 Mar 2021
Gary B. Gorton
Yale School of Management
Downloads 272 (138,093)
Citation 3

Abstract:

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Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

Number of pages: 33 Posted: 19 Dec 2011 Last Revised: 11 Jan 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 4,540 (2,359)
Citation 5

Abstract:

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Financial Crisis

Getting Up to Speed on the Financial Crisis: a One-Weekend-Reader&Apos;S Guide

NBER Working Paper No. w17778
Number of pages: 34 Posted: 21 Jan 2012 Last Revised: 31 Jul 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 411 (87,387)
Citation 3

Abstract:

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11.
Downloads 4,758 ( 2,209)
Citation 23

Haircuts

Yale ICF Working Paper No. 09-15
Number of pages: 18 Posted: 11 Aug 2009 Last Revised: 17 May 2010
Andrew Metrick and Gary B. Gorton
Yale School of Management and Yale School of Management
Downloads 4,586 (2,330)
Citation 11

Abstract:

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Haircuts

NBER Working Paper No. w15273
Number of pages: 17 Posted: 25 Aug 2009 Last Revised: 27 Mar 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 172 (213,476)

Abstract:

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Haircuts

Number of pages: 14 Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and affiliation not provided to SSRN
Downloads 0

Abstract:

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12.
Downloads 4,442 ( 2,504)
Citation 53

Information, Liquidity, and the (Ongoing) Panic of 2007

Number of pages: 13 Posted: 10 Jan 2009
Gary B. Gorton
Yale School of Management
Downloads 4,273 (2,629)
Citation 58

Abstract:

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Credit Crisis, Panicof 2007, ABX Index, Repo market

Information, Liquidity, and the (Ongoing) Panic of 2007

NBER Working Paper No. w14649
Number of pages: 14 Posted: 19 Jan 2009 Last Revised: 12 Jul 2021
Gary B. Gorton
Yale School of Management
Downloads 169 (216,821)

Abstract:

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Facts and Fantasies About Commodity Futures Ten Years Later

Number of pages: 31 Posted: 27 May 2015
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 4,061 (2,864)
Citation 26

Abstract:

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Futures Trading, Contango, Backwardation, Basis, Speculators, Hedgers, Risk Premium, Financialization, Time-varying Correlations

Facts and Fantasies About Commodity Futures Ten Years Later

NBER Working Paper No. w21243
Number of pages: 31 Posted: 08 Jun 2015
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 47 (490,389)
Citation 66

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Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors

Yale ICF Working Paper No. 08-21
Number of pages: 42 Posted: 08 Oct 2008 Last Revised: 17 Aug 2013
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 3,848 (3,122)
Citation 9

Abstract:

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Commodity Trading Advisors, CTA, Hedge Funds, Performance Measurement

Fooling Some of the People All of the Time: The Inefficient Performance and Persistence of Commodity Trading Advisors

NBER Working Paper No. w14424
Number of pages: 37 Posted: 23 Oct 2008 Last Revised: 31 May 2021
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 85 (360,368)

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15.
Downloads 3,565 ( 3,613)
Citation 28

Eat or Be Eaten: A Theory of Mergers and Firm Size

FRB of Chicago Working Paper No. WP-06-14
Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Gary B. Gorton, Matthias Kahl and Richard J. Rosen
Yale School of Management, affiliation not provided to SSRN and Federal Reserve Bank of Chicago - Economic Research

Abstract:

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Eat or Be Eaten: A Theory of Mergers and Firm Size

Number of pages: 85 Posted: 04 May 2005 Last Revised: 25 Feb 2009
Gary B. Gorton, Matthias Kahl and Richard J. Rosen
Yale School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 3,393 (3,873)
Citation 21

Abstract:

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Mergers, Merger Waves

Eat or Be Eaten: A Theory of Mergers and Merger Waves

NBER Working Paper No. w11364
Number of pages: 66 Posted: 24 Jun 2005 Last Revised: 22 Jul 2021
Gary B. Gorton, Matthias Kahl and Richard J. Rosen
Yale School of Management, University of California, Los Angeles (UCLA) - Anderson School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 172 (213,476)
Citation 1

Abstract:

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Questions and Answers About the Financial Crisis - Prepared for the U.S. Financial Crisis Inquiry Commission

Number of pages: 17 Posted: 23 Feb 2010 Last Revised: 16 Mar 2010
Gary B. Gorton
Yale School of Management
Downloads 2,676 (5,832)
Citation 17

Abstract:

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Questions and Answers About the Financial Crisis

NBER Working Paper No. w15787
Number of pages: 18 Posted: 01 Mar 2010 Last Revised: 20 Feb 2021
Gary B. Gorton
Yale School of Management
Downloads 161 (225,967)

Abstract:

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17.

Liquidity Provision, Bank Capital, and the Macroeconomy

Number of pages: 63 Posted: 13 Dec 2000 Last Revised: 24 Sep 2016
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 2,806 (5,505)
Citation 82

Abstract:

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Bank Capital, Liquidity

18.
Downloads 2,029 ( 9,334)
Citation 22

Securitization

Number of pages: 96 Posted: 15 Aug 2011 Last Revised: 18 Nov 2011
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 1,913 (10,051)
Citation 4

Abstract:

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Securitization, banking, capital markets

Securitization

NBER Working Paper No. w18611
Number of pages: 96 Posted: 15 Dec 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 116 (292,728)
Citation 7

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SEC Regulation Fair Disclosure, Information, and the Cost of Capital

Journal of Corporate Finance, Vol. 13, Nos. 2-3, pp. 300-334, 2007, AFA 2005 Philadelphia Meetings
Number of pages: 43 Posted: 15 Apr 2004
Armando R. Gomes, Gary B. Gorton and Leonardo Madureira
Washington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management
Downloads 1,873 (10,406)
Citation 2

Abstract:

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Disclosure, Regulation, Capital Markets, Cost of Capital, Regulation Fair Disclosure, Reg FD, Information Production

Sec Regulation Fair Disclosure, Information, and the Cost of Capital

NBER Working Paper No. w10567
Number of pages: 78 Posted: 04 Jul 2004 Last Revised: 17 May 2021
Armando R. Gomes, Gary B. Gorton and Leonardo Madureira
Washington University in Saint Louis - John M. Olin Business School, Yale School of Management and Case Western Reserve University - Weatherhead School of Management
Downloads 105 (314,048)
Citation 6

Abstract:

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20.

A Note on Erb and Harvey (2005)

Yale ICF Working Paper No. 06-02
Number of pages: 10 Posted: 12 Dec 2005
Gary B. Gorton and K. Geert Rouwenhorst
Yale School of Management and Yale School of Management - International Center for Finance
Downloads 1,625 (13,314)

Abstract:

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Commodity, commodities, futures, diversification

21.

The Financial Crisis of 2007-2009

THE HANDBOOK OF MAJOR EVENTS IN ECONOMIC HISTORY, R. Whaples & R. Parker, eds., Routledge, Forthcoming
Number of pages: 16 Posted: 12 Feb 2012 Last Revised: 19 Apr 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 1,577 (13,939)

Abstract:

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Financial Crisis

22.
Downloads 1,518 ( 14,826)
Citation 51

Bank Credit Cycles

Number of pages: 41 Posted: 09 May 2005 Last Revised: 11 Jan 2009
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 1,433 (15,953)
Citation 5

Abstract:

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credit cycles, credit crunches

Bank Credit Cycles

NBER Working Paper No. w11363
Number of pages: 47 Posted: 23 Jun 2005 Last Revised: 21 Jul 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 85 (360,368)
Citation 26

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23.
Downloads 1,410 ( 16,676)
Citation 9

Noise Traders

Number of pages: 9 Posted: 17 May 2006
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting
Downloads 1,250 (19,593)

Abstract:

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Noise Traders, Financial Markets, Market Efficiency

Noise Traders

NBER Working Paper No. w12256
Number of pages: 10 Posted: 01 Jun 2006 Last Revised: 28 Jun 2021
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 160 (227,194)
Citation 2

Abstract:

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24.
Downloads 1,381 ( 17,214)
Citation 47

The History and Economics of Safe Assets

Number of pages: 58 Posted: 27 Apr 2016 Last Revised: 02 Sep 2016
Gary B. Gorton
Yale School of Management
Downloads 1,330 (17,884)
Citation 3

Abstract:

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The History and Economics of Safe Assets

NBER Working Paper No. w22210
Number of pages: 55 Posted: 02 May 2016 Last Revised: 10 Mar 2021
Gary B. Gorton
Yale School of Management
Downloads 51 (473,310)
Citation 25

Abstract:

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The History and Economics of Safe Assets

Annual Review of Economics, Vol. 9, pp. 547-586, 2017
Posted: 14 Aug 2017
Gary B. Gorton
Yale School of Management

Abstract:

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Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 25 Posted: 03 Nov 2005
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 722 (42,904)

Abstract:

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commodities, futures, commodity, index, diversification

Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 24 Posted: 15 Aug 2006
Gary B. Gorton, Fumio Hayashi and K. Geert Rouwenhorst
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 547 (61,696)
Citation 4

Abstract:

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commodity futures

26.

Financial Intermediation

NBER Working Paper No. w8928
Number of pages: 140 Posted: 09 May 2002 Last Revised: 26 May 2021
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 952 (29,729)
Citation 18

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The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover

Number of pages: 49 Posted: 27 Apr 2009 Last Revised: 29 May 2019
Lixin Huang, Qiang Kang and Gary B. Gorton
Georgia State University, Florida International University (FIU) - Department of Finance and Yale School of Management
Downloads 829 (35,510)
Citation 2

Abstract:

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Stock market efficiency, economic efficiency, CEO turnover,

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover

NBER Working Paper No. w14944
Number of pages: 55 Posted: 12 May 2009 Last Revised: 14 May 2009
Gary B. Gorton, Lixin Huang and Qiang Kang
Yale School of Management, Georgia State University and Florida International University (FIU) - Department of Finance
Downloads 63 (427,320)

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28.
Downloads 775 ( 39,560)
Citation 5

Agency-Based Asset Pricing

Number of pages: 49 Posted: 21 Feb 2006 Last Revised: 07 Nov 2011
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 729 (42,376)
Citation 4

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Agency Problem, Corporate Governance, Asset Pricing, Price Formation

Agency-Based Asset Pricing

NBER Working Paper No. w12084
Number of pages: 49 Posted: 11 May 2006 Last Revised: 10 Jul 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 46 (494,881)

Abstract:

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29.

Risk Topography

Number of pages: 31 Posted: 30 Apr 2011 Last Revised: 07 Jun 2011
Princeton University - Department of Economics, Yale School of Management and Northwestern University - Kellogg School of Management
Downloads 768 (40,074)
Citation 29

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Measurement, Systemic Risk, Liquidity

30.

Security Price Informativeness with Delegated Traders

Number of pages: 45 Posted: 03 Feb 2006 Last Revised: 03 Feb 2009
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 754 (41,076)

Abstract:

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agency problem, mark to market, market efficiency

31.

An Econometric Chronology of the Financial Crisis of 2007-2008

Number of pages: 38 Posted: 06 Jun 2015
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 696 (45,731)
Citation 6

Abstract:

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Financial Crisis

32.
Downloads 667 ( 48,415)
Citation 89

The Safe-Asset Share

Number of pages: 16 Posted: 18 Jan 2012 Last Revised: 12 Mar 2015
Gary B. Gorton, Stefan Lewellen and Andrew Metrick
Yale School of Management, Pennsylvania State University and Yale School of Management
Downloads 578 (57,499)
Citation 1

Abstract:

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Safe Assets, Money, Shadow Banking

The Safe-Asset Share

NBER Working Paper No. w17777
Number of pages: 17 Posted: 21 Jan 2012 Last Revised: 30 Jul 2021
Gary B. Gorton, Stefan Lewellen and Andrew Metrick
Yale School of Management, Pennsylvania State University and Yale School of Management
Downloads 89 (350,100)
Citation 43

Abstract:

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33.

Book Review: The Big Short Shrift

Journal of Economic Literature, June 2011
Number of pages: 5 Posted: 25 Feb 2011
Gary B. Gorton
Yale School of Management
Downloads 614 (53,968)

Abstract:

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Financial Crisis

34.

Blockholder Scarcity, Takeovers, and Ownership Structures

Number of pages: 61 Posted: 13 Sep 2005
Matthias Kahl and Gary B. Gorton
University of California, Los Angeles (UCLA) - Anderson School of Management and Yale School of Management
Downloads 602 (55,280)
Citation 1

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Blockholders, Takeovers, Corporate Ownership Structures

35.
Downloads 558 ( 60,841)
Citation 17

Bank Panics and the Endogeneity of Central Banking

Number of pages: 49 Posted: 28 Aug 2005
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 515 (66,451)

Abstract:

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Banking Panics, Clearinghouses, Central Banking

Bank Panics and the Endogeneity of Central Banking

NBER Working Paper No. w9102
Number of pages: 50 Posted: 16 Aug 2002 Last Revised: 30 Aug 2002
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 43 (508,979)
Citation 3

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36.
Downloads 533 ( 64,351)
Citation 7

Who Ran on Repo?

Number of pages: 19 Posted: 05 Oct 2012 Last Revised: 22 May 2020
Gary B. Gorton, Andrew Metrick and Chase P. Ross
Yale School of Management, Yale School of Management and Yale School of Management
Downloads 478 (72,957)
Citation 1

Abstract:

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Financial Crisis, Sale and Repurchase Agreements

Who Ran on Repo?

NBER Working Paper No. w18455
Number of pages: 20 Posted: 13 Oct 2012 Last Revised: 06 Jun 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 55 (457,282)
Citation 2

Abstract:

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37.

Banks as Secret Keepers

PIER Working Paper
Number of pages: 52 Posted: 19 Jun 2014 Last Revised: 23 Mar 2016
Columbia University - Department of Economics, Yale School of Management, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 499 (69,961)

Abstract:

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Banks vs. Capital Markets, Financial Intermediation, Information and Opacity, Optimal Portfolio, Private Money

38.

Executive Compensation and the Boundary of the Firm: The Case of Short-Lived Projects

Rodney L. White Center Working Paper No. 1-98
Number of pages: 38 Posted: 01 May 1998
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne
Downloads 481 (73,137)
Citation 1

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39.
Downloads 468 ( 75,682)
Citation 11

The Information View of Financial Crises

Yale ICF Working Paper No. 2019-15
Number of pages: 39 Posted: 10 Jul 2019 Last Revised: 02 Aug 2019
Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström
Columbia University - Department of Economics, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 448 (78,947)

Abstract:

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The Information View of Financial Crises

NBER Working Paper No. w26074
Number of pages: 40 Posted: 23 Jul 2019
Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström
Columbia University - Department of Economics, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 20 (649,741)
Citation 10
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40.

Firms Markets and Efficiency

Number of pages: 30 Posted: 20 Jul 2002
Eitan Goldman and Gary B. Gorton
Indiana University - Kelley School of Business - Department of Finance and Yale School of Management
Downloads 464 (76,458)

Abstract:

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theory of the firm, information, coordination

41.
Downloads 414 ( 87,385)
Citation 3

The Flight from Maturity

Number of pages: 42 Posted: 25 Mar 2014 Last Revised: 06 Jun 2015
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 374 (97,496)
Citation 1

Abstract:

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financial crises

The Flight from Maturity

NBER Working Paper No. w20027
Number of pages: 82 Posted: 14 Apr 2014 Last Revised: 22 Mar 2021
Gary B. Gorton, Andrew Metrick and Lei Xie
Yale School of Management, Yale School of Management and AQR Capital Management, LLC
Downloads 40 (523,686)
Citation 1

Abstract:

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42.
Downloads 399 ( 91,217)
Citation 8

Mobile Collateral Versus Immobile Collateral

Number of pages: 36 Posted: 03 Aug 2015 Last Revised: 18 May 2020
Gary B. Gorton, Toomas Laarits and Tyler Muir
Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 315 (118,172)
Citation 3

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Mobile Collateral Versus Immobile Collateral

BIS Working Paper No. 561
Number of pages: 56 Posted: 07 Jun 2016
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 63 (427,320)
Citation 1

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Liquidity regulation, collateral, policy evaluation with economic history

Mobile Collateral Versus Immobile Collateral

NBER Working Paper No. w22619
Number of pages: 55 Posted: 12 Sep 2016 Last Revised: 22 Apr 2021
Gary B. Gorton and Tyler Muir
Yale School of Management and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 21 (642,084)
Citation 3

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43.
Downloads 358 (103,336)
Citation 91

Collateral Crises

Number of pages: 52 Posted: 14 Jan 2012 Last Revised: 18 Mar 2013
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 322 (115,451)
Citation 40

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Financial Crises, Financial Fragility, Short-term debt, Credit Booms

Collateral Crises

NBER Working Paper No. w17771
Number of pages: 46 Posted: 21 Jan 2012 Last Revised: 24 Jul 2021
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 36 (544,442)
Citation 20

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44.

Liquidity Mismatch Measurement

Number of pages: 23 Posted: 19 Dec 2014
Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 356 (103,965)
Citation 20

Abstract:

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Liquidity, liquidity mismatch

45.
Downloads 343 (108,373)

Financial Crises

Yale ICF Working Paper No. 2018-11
Number of pages: 22 Posted: 11 May 2018
Gary B. Gorton
Yale School of Management
Downloads 343 (107,635)
Citation 2

Abstract:

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Financial Crises

Annual Review of Financial Economics, Vol. 10, pp. 43-58, 2018
Posted: 08 Nov 2018
Gary B. Gorton
Yale School of Management

Abstract:

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46.
Downloads 338 (110,170)
Citation 22

Good Booms, Bad Booms

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 64 Posted: 20 Feb 2014 Last Revised: 18 Sep 2020
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 273 (137,585)
Citation 10

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Financial Crises, Credit Booms, Productivity

Good Booms, Bad Booms

NBER Working Paper No. w22008
Number of pages: 58 Posted: 22 Feb 2016 Last Revised: 19 Feb 2021
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 65 (420,343)
Citation 9

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47.

Stress for Success: A Review of Timothy Geithner's Financial Crisis Memoir

Journal of Economic Literature, Forthcoming
Number of pages: 28 Posted: 27 Aug 2014
Gary B. Gorton
Yale School of Management
Downloads 334 (111,659)
Citation 12

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Financial Crisis

48.
Downloads 328 (113,860)
Citation 5

Some Reflections on the Recent Financial Crisis

Trade, Globalization and Development: Essays in Honor of Kalyan Sanyal, Sugata Marjit and Rajat Acharya, eds., Springer Verlag, Forthcoming
Number of pages: 33 Posted: 29 Aug 2012 Last Revised: 12 Dec 2012
Gary B. Gorton
Yale School of Management
Downloads 302 (123,706)

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Financial crisis, Bank runs, Shot-term bank debt

Some Reflections on the Recent Financial Crisis

NBER Working Paper No. w18397
Number of pages: 34 Posted: 15 Sep 2012 Last Revised: 09 Apr 2021
Gary B. Gorton
Yale School of Management
Downloads 26 (605,716)
Citation 2

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The Federal Reserve and Financial Regulation: The First Hundred Years

Number of pages: 33 Posted: 30 Jul 2013
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 255 (147,569)

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Federal Reserve, financial regulation, central banking

The Federal Reserve and Financial Regulation: The First Hundred Years

NBER Working Paper No. w19292
Number of pages: 34 Posted: 10 Aug 2013 Last Revised: 20 Mar 2021
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 71 (400,623)

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50.

Stock Price Manipulation, Market Microstructure and Asymmetric Information

NBER Working Paper No. w3862
Number of pages: 13 Posted: 04 Jul 2004 Last Revised: 23 Jul 2021
Franklin Allen and Gary B. Gorton
Imperial College London and Yale School of Management
Downloads 313 (119,703)
Citation 7

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51.

How Central Banks End Crises

PIER Working Paper No. 14-025
Number of pages: 38 Posted: 03 Sep 2014 Last Revised: 06 Dec 2014
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 289 (130,304)
Citation 4

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Central Bank, Discount Window, Financial Crisis, Confidence

52.
Downloads 287 (131,245)
Citation 13

The Supply and Demand for Safe Assets

Number of pages: 36 Posted: 19 Jan 2013 Last Revised: 27 Apr 2020
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 266 (141,368)
Citation 3

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safe assets, monetary policy, financial crises

The Supply and Demand for Safe Assets

NBER Working Paper No. w18732
Number of pages: 37 Posted: 26 Jan 2013 Last Revised: 08 Mar 2021
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 21 (642,084)
Citation 4

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53.
Downloads 278 (135,686)
Citation 4

Too-Big-to-Fail Before the Fed

Number of pages: 12 Posted: 02 Mar 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 223 (168,266)

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Financial Crisis, Bank bailouts

Too-Big-To-Fail Before the Fed

FRB of Cleveland Working Paper No. 16-12
Number of pages: 14 Posted: 30 May 2016
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 38 (533,875)
Citation 2

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financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

Too-Big-To-Fail Before the Fed

NBER Working Paper No. w22064
Number of pages: 13 Posted: 07 Mar 2016 Last Revised: 16 Apr 2021
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 17 (672,966)
Citation 2

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54.

Getting Up to Speed on the Financial Crisis: A One Weekend Reader’s Guide (Entérese Rápidamente De La Crisis Financiera: Guía Para El Lector De Fin De Semana)

Revista de Economía Institucional Vol. 14, No. 26, 2012
Number of pages: 32 Posted: 25 Jun 2012
Gary B. Gorton and Andrew Metrick
Yale School of Management and Yale School of Management
Downloads 242 (156,492)
Citation 1

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financial crisis

55.
Downloads 225 (167,241)
Citation 5

The Run on Repo and the Fed's Response

Yale ICF Working Paper No. 2018-14
Number of pages: 35 Posted: 08 Aug 2018 Last Revised: 29 Aug 2019
Gary B. Gorton, Toomas Laarits and Andrew Metrick
Yale School of Management, New York University (NYU) - Department of Finance and Yale School of Management
Downloads 194 (191,914)
Citation 3

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Financial Crises, Repo, Centeral Bank

The Run on Repo and the Fed&Apos;S Response

NBER Working Paper No. w24866
Number of pages: 18 Posted: 01 Aug 2018 Last Revised: 12 Jun 2021
Gary B. Gorton, Toomas Laarits and Andrew Metrick
Yale School of Management, New York University (NYU) - Department of Finance and Yale School of Management
Downloads 31 (572,966)
Citation 1

Abstract:

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56.
Downloads 225 (167,241)
Citation 3

Bank Health Post-Crisis

Number of pages: 17 Posted: 11 Feb 2017
Kyriakos Chousakos and Gary B. Gorton
Bank of America and Yale School of Management
Downloads 204 (183,141)

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Bank health, financial crisis

Bank Health Post-Crisis

NBER Working Paper No. w23167
Number of pages: 18 Posted: 13 Feb 2017 Last Revised: 21 Apr 2021
Kyriakos Chousakos and Gary B. Gorton
Bank of America and Yale School of Management
Downloads 21 (642,084)
Citation 2

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57.
Downloads 224 (167,916)
Citation 3

Collateral Damage

Yale ICF Working Paper No. 2018-04
Number of pages: 13 Posted: 10 Feb 2018
Gary B. Gorton and Toomas Laarits
Yale School of Management and New York University (NYU) - Department of Finance
Downloads 210 (178,228)

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collateral, bank regulation, convenience yield

Collateral Damage

NBER Working Paper No. w24298
Number of pages: 14 Posted: 25 May 2018 Last Revised: 07 Jun 2018
Gary B. Gorton and Toomas Laarits
Yale School of Management and New York University (NYU) - Department of Finance
Downloads 14 (696,998)
Citation 2

Abstract:

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58.

Banks as Secret Keepers

NBER Working Paper No. w20255
Number of pages: 53 Posted: 30 Jun 2014 Last Revised: 07 May 2021
Columbia University - Department of Economics, Yale School of Management, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 215 (174,614)
Citation 49

Abstract:

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59.
Downloads 210 (179,351)
Citation 1

Banks and Derivatives

NBER Working Paper No. w5100
Number of pages: 49 Posted: 13 Jul 2000 Last Revised: 10 Jun 2021
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 210 (179,099)
Citation 1

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Banks and Derivatives

Rodney L. White Center for Financial Research Working Paper No. 6-95
Posted: 22 Aug 1998
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Abstract:

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60.

Banking Panics and the Origin of Central Banking

NBER Working Paper No. w9137
Number of pages: 44 Posted: 15 Sep 2002 Last Revised: 23 Oct 2009
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 204 (183,335)
Citation 10

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61.

Banks and Loan Sales: Marketing Non-Marketable Assets

NBER Working Paper No. w3551
Number of pages: 42 Posted: 27 Apr 2000 Last Revised: 17 Mar 2021
Gary B. Gorton and George Pennacchi
Yale School of Management and University of Illinois
Downloads 204 (183,335)
Citation 29

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62.
Downloads 177 (208,186)
Citation 15

The Development of Opacity in U.S. Banking

Number of pages: 24 Posted: 10 Oct 2013
Gary B. Gorton
Yale School of Management
Downloads 153 (235,976)

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Banking, Opacity

The Development of Opacity in U.S. Banking

NBER Working Paper No. w19540
Number of pages: 25 Posted: 18 Oct 2013
Gary B. Gorton
Yale School of Management
Downloads 24 (619,933)
Citation 3

Abstract:

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63.

Blockholder Identity, Equity Ownership Structures, and Hostile Takeovers

NBER Working Paper No. w7123
Number of pages: 62 Posted: 01 Jun 2006 Last Revised: 20 Jun 2021
Matthias Kahl and Gary B. Gorton
University of California, Los Angeles (UCLA) - Anderson School of Management and Yale School of Management
Downloads 170 (215,533)

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Class Struggle Inside the Firm: A Study of German Codetermination

FRB St. Louis Working Paper No. 2000-25
Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Gary B. Gorton and Frank A. Schmid
Yale School of Management and affiliation not provided to SSRN

Abstract:

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Class Struggle Inside the Firm: A Study of German Codetermination

NBER Working Paper No. w7945
Number of pages: 82 Posted: 12 Oct 2000 Last Revised: 19 Mar 2021
Gary B. Gorton and Frank A. Schmid
Yale School of Management and General Reinsurance Corporation
Downloads 161 (225,967)
Citation 2

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Stock Market Efficiency and Economic Efficiency: Is There a Connection?

NBER Working Paper No. w5233
Number of pages: 49 Posted: 01 Jul 2000 Last Revised: 21 Apr 2021
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 158 (229,717)

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Stock Market Efficiency and Economic Efficiency: Is There a Connection?

Rodney L. White Center for Financial Research Working Paper #16-95
Posted: 14 Sep 1999
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management

Abstract:

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66.
Downloads 152 (236,786)
Citation 1

1930: First Modern Crisis

Yale ICF Working Paper No. 2018-24
Number of pages: 34 Posted: 08 Jan 2019 Last Revised: 27 Aug 2019
Gary B. Gorton, Toomas Laarits and Tyler Muir
Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 141 (252,478)

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Financial Crises, Great Depression

1930: First Modern Crisis

NBER Working Paper No. w25452
Number of pages: 32 Posted: 15 Jan 2019
Gary B. Gorton, Toomas Laarits and Tyler Muir
Yale School of Management, New York University (NYU) - Department of Finance and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 11 (722,129)
Citation 2
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67.

Liquidity, Efficiency and Bank Bailouts

NBER Working Paper No. w9158
Number of pages: 45 Posted: 15 Sep 2002 Last Revised: 28 Oct 2010
Gary B. Gorton and Lixin Huang
Yale School of Management and Georgia State University
Downloads 139 (254,588)
Citation 5

Abstract:

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68.
Downloads 136 (259,030)
Citation 2

How Did Pre-Fed Banking Panics End?

FRB of Cleveland Working Paper No. 1603
Number of pages: 93 Posted: 21 Jan 2016
Ellis W. Tallman and Gary B. Gorton
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Yale School of Management
Downloads 97 (331,229)
Citation 1

Abstract:

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Financial crisis, bank runs, banking panic, clearing house, bank-specific information, currency premium

How Did Pre-Fed Banking Panics End?

NBER Working Paper No. w22036
Number of pages: 92 Posted: 01 Mar 2016 Last Revised: 19 Mar 2021
Gary B. Gorton and Ellis W. Tallman
Yale School of Management and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 39 (528,710)

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Bank Capital Regulation in General Equilibrium

NBER Working Paper No. w5244
Number of pages: 47 Posted: 13 Jul 2000 Last Revised: 02 May 2021
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 136 (259,919)

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Bank Capital Regulation in General Equilibrium

Posted: 23 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

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The Design of Bank Loan Contracts, Collateral, and Renegotiation

NBER Working Paper No. w4273
Number of pages: 50 Posted: 06 Jul 2004 Last Revised: 07 Mar 2021
Gary B. Gorton and James A. Kahn
Yale School of Management and Yeshiva University
Downloads 133 (264,405)

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The Design of Bank Loan Contracts, Collateral, and Renegotiation

Rodney L. White Center Working Paper No. 02-96
Posted: 28 Jun 1998
Gary B. Gorton and James A. Kahn
Yale School of Management and Yeshiva University

Abstract:

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71.
Downloads 119 (286,203)

The Regulation of Private Money

Forthcoming in Journal of Money, Credit and Banking., Yale ICF Working Paper No. 2019-12
Number of pages: 25 Posted: 07 Jun 2019
Gary B. Gorton
Yale School of Management
Downloads 102 (320,407)

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bank regulation

The Regulation of Private Money

NBER Working Paper No. w25891
Number of pages: 26 Posted: 05 Jun 2019
Gary B. Gorton
Yale School of Management
Downloads 17 (672,966)

Abstract:

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72.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003 Last Revised: 01 Mar 2021
James Dow, Arvind Krishnamurthy and Gary B. Gorton
London Business School - Institute of Finance and Accounting, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 115 (293,023)
Citation 4

Abstract:

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73.

Rational Finite Bubbles

NBER Working Paper No. w3707
Number of pages: 42 Posted: 14 Jul 2000 Last Revised: 18 Feb 2021
Franklin Allen and Gary B. Gorton
Imperial College London and Yale School of Management
Downloads 108 (306,133)

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Corporate Culture as a Theory of the Firm

Number of pages: 67 Posted: 25 Jun 2020
Gary B. Gorton and Alexander Zentefis
Yale School of Management and Yale School of Management
Downloads 86 (357,694)

Abstract:

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Corporate culture, theory of the firm

Corporate Culture as a Theory of the Firm

NBER Working Paper No. w27353
Number of pages: 68 Posted: 15 Jun 2020
Gary B. Gorton and Alexander Zentefis
Yale School of Management and Yale School of Management
Downloads 12 (713,720)
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75.
Downloads 94 (335,455)
Citation 3

Social Progress and Corporate Culture

Yale ICF Working Paper No. 2019-01
Number of pages: 62 Posted: 27 Jan 2019
Gary B. Gorton and Alex Zentefis
Yale School of Management and Yale School of Management
Downloads 81 (371,175)

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corporate culture, social progress

Social Progress and Corporate Culture

NBER Working Paper No. w25484
Number of pages: 63 Posted: 30 Jan 2019 Last Revised: 18 Feb 2021
Gary B. Gorton and Alexander Zentefis
Yale School of Management and Yale School of Management
Downloads 13 (705,276)
Citation 3

Abstract:

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76.

Universal Banking and the Performance of German Firms

NBER Working Paper No. w5453
Number of pages: 75 Posted: 31 May 2011
Gary B. Gorton and Frank A. Schmid
Yale School of Management and General Reinsurance Corporation
Downloads 88 (349,690)
Citation 9

Abstract:

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77.
Downloads 88 (349,690)
Citation 2

Arbitrage Chains

NBER Working Paper No. w4314
Number of pages: 39 Posted: 28 Dec 2006 Last Revised: 17 Apr 2021
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 88 (352,682)
Citation 2

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Arbitrage Chains

Posted: 10 Aug 1999
Gary B. Gorton
Yale School of Management

Abstract:

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78.
Downloads 87 (352,062)
Citation 2

Fighting Crises

Number of pages: 38 Posted: 26 Oct 2016
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 72 (397,502)

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Financial Crises, Central Banks

Fighting Crises

NBER Working Paper No. w22787
Number of pages: 39 Posted: 31 Oct 2016 Last Revised: 07 Apr 2021
Gary B. Gorton and Guillermo Ordoñez
Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 15 (688,831)
Citation 2

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Private Money Production without Banks

Number of pages: 68 Posted: 30 Jan 2020
Gary B. Gorton
Yale School of Management
Downloads 69 (407,042)

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Money, banking, bills of exchange

Private Money Production Without Banks

NBER Working Paper No. w26663
Number of pages: 69 Posted: 22 Jan 2020
Gary B. Gorton
Yale School of Management
Downloads 10 (730,463)
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Corporate Control, Portfolio Choice, and the Decline of Banking

NBER Working Paper No. w4247
Number of pages: 52 Posted: 29 Dec 2006 Last Revised: 08 Feb 2021
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research
Downloads 78 (379,582)
Citation 3

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Corporate Control, Portfolio Choice, and the Decline of Banking

JOURNAL OF FINANCE, Vol 50 No 5, December 1995
Posted: 22 Jul 1998
Gary B. Gorton and Richard J. Rosen
Yale School of Management and Federal Reserve Bank of Chicago - Economic Research

Abstract:

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Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

Number of pages: 59 Posted: 21 Dec 2020
Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani
Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 49 (481,688)

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safe debt, adverse selection, information sensitivity, collateralized loan obligations

Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

FEDS Working Paper No. 2020-88, Yale Program on Financial Stability Working Paper
Number of pages: 60 Posted: 27 Oct 2020 Last Revised: 04 Nov 2020
Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani
Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 24 (619,933)

Abstract:

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Adverse Selection Dynamics in Privately-Produced Safe Debt Markets

NBER Working Paper No. w28016
Number of pages: 60 Posted: 02 Nov 2020 Last Revised: 21 Jul 2021
Nathan Foley-Fisher, Gary B. Gorton and Stephane Verani
Board of Governors of the Federal Reserve System, Yale School of Management and Board of Governors of the Federal Reserve System
Downloads 3 (790,337)
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82.
Downloads 76 (381,231)
Citation 2

Optimal Monetary Policy in a Collateralized Economy

Number of pages: 45 Posted: 27 Aug 2016
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 53 (465,110)

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Optimal Monetary Policy in a Collateralized Economy

NBER Working Paper No. w22599
Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 02 Apr 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 23 (627,262)
Citation 1

Abstract:

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83.
Downloads 75 (384,185)
Citation 1

Reputation Formation in Early Bank Debt Markets

NBER Working Paper No. w4400
Number of pages: 56 Posted: 08 Aug 2007 Last Revised: 20 Jul 2010
Gary B. Gorton
Yale School of Management
Downloads 75 (388,385)

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Reputation Formation in Early Bank Debt Markets

Rodney L White Center for Financial Working Paper No 13-93
Posted: 13 Sep 1999
Gary B. Gorton
Yale School of Management

Abstract:

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84.

Investor Interest and the Returns to Commodity Investing

Forthcoming, Journal of Portfolio Management
Number of pages: 20 Posted: 14 Oct 2019
SummerHaven Investment Management, Yale School of Management and Yale School of Management - International Center for Finance
Downloads 73 (389,923)
Citation 3

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Commidity Futures, Index investing, Hedgers, Speculators

85.

Security Baskets and Index-Linked Securities

NBER Working Paper No. w3711
Number of pages: 39 Posted: 24 Aug 2010
Gary B. Gorton and George Pennacchi
Yale School of Management and University of Illinois
Downloads 71 (395,948)
Citation 10

Abstract:

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86.

Asset Prices When Agents are Marked-to-Market

NBER Working Paper No. w12075
Number of pages: 36 Posted: 10 May 2006 Last Revised: 01 Jul 2021
Gary B. Gorton, Ping He and Lixin Huang
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 69 (402,124)

Abstract:

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87.

The Visible Hand, the Invisible Hand and Efficiency

NBER Working Paper No. w7587
Number of pages: 53 Posted: 11 Jun 2000 Last Revised: 27 Mar 2021
Eitan Goldman and Gary B. Gorton
Indiana University - Kelley School of Business - Department of Finance and Yale School of Management
Downloads 65 (414,976)

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Executive Compensation and the Optimality of Managerial Entrenchment

NBER Working Paper No. w5779
Number of pages: 57 Posted: 14 Jul 2000 Last Revised: 18 Apr 2021
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne
Downloads 58 (445,649)

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Executive Compensation and the Optimality of Managerial Entrenchment

Rodney L. White Center for Financial Research Working Paper Series # 15-96
Posted: 07 Oct 1996
Gary B. Gorton and Bruce D. Grundy
Yale School of Management and University of Melbourne

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Noise Trading, Delegated Portfolio Management, and Economic Welfare

NBER Working Paper No. w4858
Number of pages: 30 Posted: 10 Jul 2007
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 55 (457,282)
Citation 4

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Noise Trading, Delegated Portfolio Management, and Economic Welfare

Working Paper No. 19-94
Posted: 03 Nov 1998
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting

Abstract:

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90.

Profitable Informed Trading in a Simple General Equilibrium Model of Asset Pricing

NBER Working Paper No. w4315
Number of pages: 61 Posted: 10 Jul 2007 Last Revised: 18 Apr 2021
James Dow and Gary B. Gorton
London Business School - Institute of Finance and Accounting and Yale School of Management
Downloads 53 (457,573)
Citation 2

Abstract:

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91.

The Macroprudential Role of Stock Markets

Number of pages: 44 Posted: 12 May 2020
Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 52 (461,317)

Abstract:

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Business Cycles, Financial Markets and the Macro-economy, Financial Crises

92.

The Enforceability of Private Money Contracts, Market Efficiency, and Technological Change

NBER Working Paper No. w3645
Number of pages: 62 Posted: 07 Jan 2008 Last Revised: 19 Jun 2021
Gary B. Gorton
Yale School of Management
Downloads 47 (481,563)

Abstract:

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93.

Trading, Communication and the Response of Price to New Information

NBER Working Paper No. w3687
Number of pages: 32 Posted: 10 Aug 2010 Last Revised: 31 Jul 2021
Gary B. Gorton and James Dow
Yale School of Management and London Business School - Institute of Finance and Accounting
Downloads 42 (503,489)

Abstract:

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94.

The Macroprudential Role of Stock Markets

NBER Working Paper No. w27113
Number of pages: 45 Posted: 12 May 2020 Last Revised: 31 Jan 2021
Bank of America, Yale School of Management and University of Pennsylvania - Department of Economics
Downloads 3 (757,446)
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95.

The Information View of Financial Crises

Annual Review of Financial Economics, Vol. 12, pp. 39-65, 2020
Posted: 10 Dec 2020
Tri Vi Dang, Gary B. Gorton and Bengt R. Holmström
Columbia University, Yale School of Management and Massachusetts Institute of Technology (MIT) - Department of Economics

Abstract:

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96.

The Design of Bank Loan Contracts

Posted: 26 Jan 2000
Gary B. Gorton and James A. Kahn
Yale School of Management and Yeshiva University

Abstract:

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97.

Banking in Transition Economies: Does Efficiency Require Instability?

Posted: 25 Aug 1998
Gary B. Gorton and Andrew Winton
Yale School of Management and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

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98.

Reputation Formation in Early Bank Note Markets

J. OF POLITICAL ECONOMY, Vol. 104 No. 2, April 1996
Posted: 27 Jun 1998
Gary B. Gorton
Yale School of Management

Abstract:

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