Refereed Journal Papers
Dynamic Commitment and Incomplete Policy Rules, (with Joseph A. Ritter), Journal of Money, Credit, and Banking, Part 1, vol. 32, no. 4, November 2000, pp. 766-84.

Executive Compensation: A Calibration Approach, (with Ivilina Popova), Economic Theory, Vol 12, no. 3, 1998, pp. 561-581.

Loan Sales: Pacific Rim Trade in Non-Tradeable Assets, (with James B. Thomson), Advances in International Banking and Finance, vol. 3, 1998, pp.73-98.

Loan Sales, Implicit Contracts, and Bank Structure, (with James B. Thomson), Review of Quantitative Finance and Accounting, vol.7, 1996, pp. 137-162.

Risk Aversion, Performance Pay, and the Principal-Agent Problem, Journal of Political Economy, vol. 102 no. 2, April 1994, pp. 258-276.

Consumption and Fractional Differencing: Old and New Anomalies, Review of Economics and Statistics, vol. 75 no. 4, November 1993, pp. 767-772.

Sticky Prices, Money, and Business Fluctuations (Joint with Robert G. King), Journal of Money, Credit, and Banking, vol. 23, May 1991, pp. 243-259.

Banking and Insurance (Joint with Robert G. King), Journal of Monetary Economics, vol. 26, December 1990, p. 361-386.

Nonmonetary Effects of Financial Crises: Lessons from the Great Depression in Canada, Journal of Monetary Economics, vol. 25, March 1990, pp. 223-252.

The Loan Sales Market (Joint with Gary B. Gorton), Research in Financial Services: Private and Public Policy, G. G. Kaufman, ed. vol. 2, 1990, pp. 85-135.

Financial Intermediation: Delegated Monitoring and Long-Term Relationships, Journal of Banking and Finance, vol. 13, 1989, pp. 9-20.

Optimal Financial Structure in Exchange Economies, International Economic Review, vol. 29, May, 1988, pp. 217-235.

Dynamic Collusion in an Open Economy (Joint with Val E. Lambson), Economics Letters, vol. 20/21, 1986, pp. 75-78.

Conference Proceedings and Invited Papers
Introduction, (Comparative Financial Systems)(Joint with James B. Thomson) Journal of Money, Credit and Banking, Vol. 30 No. 3 part 2, August 1998, pp. 421-425.

Introduction, (Derivatives and Intermediation)(Joint with James B. Thomson) Journal of Money, Credit and Banking, Vol. 28 No. 3 part 2, August 1996, pp. 421-425.

Introduction, (Federal Credit Allocation: Theory, Evidence, and History)(Joint with James B. Thomson) Journal of Money, Credit and Banking, Vol. 26 No. 3 part 2, August 1994, pp. 517-522.

Comment on Reagan and Stulz, Journal of Money, Credit and Banking, Vol. 25 No. 3 part 2, August 1993, pp. 609-611.

The Wholesale Money Market, The New Palgrave Dictionary of Money and Finance, edited by Peter Newman, Murray Milgate and John Eatwell, vol. 3, (N-Z) pp. 798-800.

An Overview of the Market for Loan Sales, Commercial Lending Review, Vol. 4, Spring 1989, pp. 39-47.

The Paradox of Loan Sales (Joint With Gary B. Gorton), Merging Commercial and Investment Banking: Proceedings, Federal Reserve Bank of Chicago, 1987. pp. 123-144.

Bank Deregulation, Credit Markets and the Control of Capital (Joint with Gary B. Gorton), Bubbles and Other Essays, Carnegie-Rochester Conference Series, vol. 26 1987, pp. 289-348.

Assessing Deregulation: Further Considerations (Joint with Gary B. Gorton), Bubbles and Other Essays, Carnegie-Rochester Conference Series, vol. 26, 1987, pp. 345-348.

Does the Potency of Monetary Policy Vary with Capacity Utilization? A Comment, The National Bureau Method, International Capital Mobility, and Other Essays, Carnegie-Rochester Conference Series, vol. 24, 1986, pp. 333-337.