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Selected Bibliography for Douglas W. Diamond
Merton H. Miller Distinguished Service Professor of Finance and Richard N. Rosett Faculty Fellow



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Published Works | Working Papers

Published Works  

"Illiquid Banks, Financial Stability, and Interest Rate Policy." Douglas W. Diamond and Raghuram G. Rajan; Journal of Political Economy, 2012, 120(3), pp. 552-91.
http://dx.doi.org/10.1086/666669

"Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes." Douglas W. Diamond and Raghuram G. Rajan; The Quarterly Journal of Economics, 2011, 126(2), pp. 557-91.
http://dx.doi.org/10.1093/qje/qjr012

The Squam Lake Report : Fixing the Financial System; Kenneth R. French, Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Anil K. Kashyap, Frederic S. Mishkin, Raghuram G. Rajan, David S. Scharfstein, Robert J. Shiller, Hyun Song Shin, Matthew J. Slaughter, Jeremy C. Stein and René Stulz; Princeton, NJ, USA: Princeton University Press, 2010
http://site.ebrary.com/lib/uchicago/docDetail.action?docID=10394782

"Banks and Liquidity Creation: A Simple Exposition of the Diamond-Dybvig Model." Douglas W. Diamond; Economic Quarterly, 2007, 93(2), pp. 189.
http://www.richmondfed.org/publications/economic_research/economic_quarterly/pdfs/spring2007/diamond.pdf

"Money in a Theory of Banking." Douglas W. Diamond and Raghuram G. Rajan; The American Economic Review, 2006, 96(1), pp. 30.
http://dx.doi.org/10.1257/000282806776157759

"Comment on "Bubbles and Capital Flow Volatility: Causes and Risk Management"." Douglas W. Diamond; Journal of Monetary Economics, 2006, 53(1), pp. 55-57.
http://dx.doi.org/10.1016/j.jmoneco.2005.10.003

"Liquidity Shortages and Banking Crises." Douglas W. Diamond and Raghuram G. Rajan; Journal of Finance, 2005, 60(2), pp. 615.
http://dx.doi.org/10.1111/j.1540-6261.2005.00741.x

"Presidential Address, Committing to Commit: Short-Term Debt When Enforcement Is Costly." Douglas W. Diamond; Journal of Finance, 2004, 59(4), pp. 1447-79.
http://search.epnet.com/login.aspx?direct=true&db=bth&an=13867453

"Bank Bailouts and Aggregate Liquidity." Douglas W. Diamond and Raghuram G. Rajan; American Economic Review, 2002, 92(2), pp. 38-41.
http://links.jstor.org/sici?sici=0002-8282%28200205%2992%3A2%3C38%3ABBAAL%3E2.0.CO%3B2-0

"Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-99: Comment," Douglas W. Diamond, in F. S. Mishkin: Prudential Supervision: What Works and What Doesn't. Chicago and London: University of Chicago Press, 2001, pp. 191-94

"Should Banks Be Recapitalized?" Douglas W. Diamond; Federal Reserve Bank of Richmond Economic Quarterly, 2001, 87(4), pp. 71-96.
http://www.richmondfed.org/publications/economic_research/economic_quarterly/pdfs/fall2001/diamond.pdf

"Should Japanese Banks Be Recapitalized?" Douglas W. Diamond; Monetary and Economic Studies, 2001, 19(2), pp. 1-19.
http://www.imes.boj.or.jp/research/abstracts/english/me19-2-1.html

"Banks, Short-Term Debt and Financial Crises: Theory, Policy Implications and Applications." Douglas W. Diamond and Raghuram G. Rajan; Carnegie-Rochester Conference Series on Public Policy, 2001, 54, pp. 37-71.
http://dx.doi.org/10.1016/S0167-2231(01)00039-2

"Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking." Douglas W. Diamond and Raghuram G. Rajan; Journal of Political Economy, 2001, 109(2), pp. 287-327.
http://links.jstor.org/sici?sici=0022-3808%28200104%29109%3A2%3C287%3ALRLCAF%3E2.0.CO%3B2-Z

"Banks and Liquidity." Douglas W. Diamond and Raghuram G. Rajan; American Economic Review, 2001, 91(2), pp. 422-25.
http://links.jstor.org/sici?sici=0002-8282%28200105%2991%3A2%3C422%3ABAL%3E2.0.CO%3B2-O

"Bank Runs, Deposit Insurance, and Liquidity." Douglas W. Diamond and Philip H. Dybvig; Federal Reserve Bank of Minneapolis Quarterly Review, 2000, 24(1), pp. 14-23.
http://minneapolisfed.org/research/QR/QR2412.pdf

"A Theory of Bank Capital." Douglas W. Diamond and Raghuram G. Rajan; Journal of Finance, 2000, 55(6), pp. 2431-65.
http://links.jstor.org/sici?sici=0022-1082%28200012%2955%3A6%3C2431%3AATOBC%3E2.0.CO%3B2-G

"Comment on Moral Hazard under Commercial and Universal Banking." Douglas W. Diamond; Journal of Money, Credit and Banking, 1998, 30(3), pp. 469-71.
http://links.jstor.org/sici?sici=0022-2879%28199808%2930%3A3%3C469%3ACOMHUC%3E2.0.CO%3B2-X

"Liquidity, Banks, and Markets." Douglas W. Diamond; Journal of Political Economy, 1997, 105(5), pp. 928-56.
http://links.jstor.org/sici?sici=0022-3808%28199710%29105%3A5%3C928%3ALBAM%3E2.0.CO%3B2-I

"Financial Intermediation as Delegated Monitoring: A Simple Example." Douglas W. Diamond; Federal Reserve Bank of Richmond Economic Quarterly, 1996, 82(3), pp. 51-66.
http://www.richmondfed.org/publications/economic_research/economic_quarterly/pdfs/summer1996/diamond.pdf

"Financial Intermediation and Delegated Monitoring," Douglas W. Diamond, in M. K. Lewis: Financial Intermediaries. Aldershot, U.K.: Elgar, 1995, pp. 264-85

"Corporate Capital Structure: The Control Roles of Bank and Public Debt with Taxes and Costly Bankruptcy." Douglas W. Diamond; Federal Reserve Bank of Richmond Economic Quarterly, 1994, 80(2), pp. 11-37.
http://www.richmondfed.org/publications/economic_research/economic_quarterly/pdfs/spring1994/diamond.pdf

"Bank Loan Maturity and Priority When Borrowers Can Refinance," Douglas W. Diamond, in C. Mayer and X. Vives: Capital Markets and Financial Intermediation. Cambridge; New York and Melbourne: Cambridge University Press, 1993, pp. 46-68

"Seniority and Maturity of Debt Contracts." Douglas W. Diamond; Journal of Financial Economics, 1993, 33(3), pp. 341-68.
http://dx.doi.org/10.1016/0304-405X(93)90011-Y

"Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt." Douglas W. Diamond; Journal of Political Economy, 1991, 99(4), pp. 689-721.
http://links.jstor.org/sici?sici=0022-3808%28199108%2999%3A4%3C689%3AMARTCB%3E2.0.CO%3B2-C

"Debt Maturity Structure and Liquidity Risk." Douglas W. Diamond; Quarterly Journal of Economics, 1991, 106(3), pp. 709-37.
http://links.jstor.org/sici?sici=0033-5533%28199108%29106%3A3%3C709%3ADMSALR%3E2.0.CO%3B2-7

"Disclosure, Liquidity, and the Cost of Capital." Douglas W. Diamond and Robert E. Verrecchia; Journal of Finance, 1991, 46(4), pp. 1325-59.
http://links.jstor.org/sici?sici=0022-1082%28199109%2946%3A4%3C1325%3ADLATCO%3E2.0.CO%3B2-H

"Reputation Acquisition in Debt Markets." Douglas W. Diamond; Journal of Political Economy, 1989, 97(4), pp. 828-62.
http://links.jstor.org/sici?sici=0022-3808%28198908%2997%3A4%3C828%3ARAIDM%3E2.0.CO%3B2-4

"Constraints on Short-Selling and Asset Price Adjustment to Private Information." Douglas W. Diamond and Robert E. Verrecchia; Journal of Financial Economics, 1987, 18(2), pp. 277-311.
http://dx.doi.org/10.1016/0304-405X(87)90042-0

"Banking Theory, Deposit Insurance, and Bank Regulation." Douglas W. Diamond and Philip H. Dybvig; Journal of Business, 1986, 59(1), pp. 55-68.
http://links.jstor.org/sici?sici=0021-9398%28198601%2959%3A1%3C55%3ABTDIAB%3E2.0.CO%3B2-X

"Optimal Release of Information by Firms." Douglas W. Diamond; Journal of Finance, 1985, 40(4), pp. 1071-94.
http://links.jstor.org/sici?sici=0022-1082%28198509%2940%3A4%3C1071%3AOROIBF%3E2.0.CO%3B2-7

"Financial Intermediation and Delegated Monitoring." Douglas W. Diamond; Review of Economic Studies, 1984, 51(3), pp. 393-414.
http://links.jstor.org/sici?sici=0034-6527%28198407%2951%3A3%3C393%3AFIADM%3E2.0.CO%3B2-1

"Bank Runs, Deposit Insurance, and Liquidity." Douglas W. Diamond and Philip H. Dybvig; Journal of Political Economy, 1983, 91(3), pp. 401-19.
http://links.jstor.org/sici?sici=0022-3808%28198306%2991%3A3%3C401%3ABRDIAL%3E2.0.CO%3B2-Z

Essays on Information and Financial Intermediation; Douglas W. Diamond; Ph. D. Dissertation, Yale University, 1982.

"Optimal Managerial Contracts and Equilibrium Security Prices." Douglas W. Diamond and Robert E. Verrecchia; Journal of Finance, 1982, 37(2), pp. 275-87.
http://links.jstor.org/sici?sici=0022-1082%28198205%2937%3A2%3C275%3AOMCAES%3E2.0.CO%3B2-T

"Information Aggregation in a Noisy Rational Expectations Economy." Douglas W. Diamond and Robert E. Verrecchia; Journal of Financial Economics, 1981, 9(3), pp. 221-35.
http://dx.doi.org/10.1016/0304-405X(81)90026-X

Working Papers  

Most CRSP working papers are available in Regenstein Library, call number HG4501.W68 no.x, where x is the number of the paper.

A Theory of Debt Maturity: The Long and Short of Debt Overhang; Douglas W. Diamond and Zhiguo He; NBER  Working Paper Series No. 18160; Cambridge: National Bureau of Economic Research, 2012.
http://www.nber.org/papers/w18160

Illiquid Banks, Financial Stability, and Interest Rate Policy; Douglas W. Diamond and Raghuram Rajan; NBER Working Paper Series No. 16994; Cambridge: National Bureau of Economic Research, 2011.
http://www.nber.org/papers/w16994

Illiquidity and Interest Rate Policy; Douglas W. Diamond and Raghuram G. Rajan; NBER Working Paper Series no. 15197; Cambridge: National Bureau of Economic Research, 2009.
http://www.nber.org/papers/w15197

The Credit Crisis: Conjectures About Causes and Remedies; Douglas W. Diamond and Raghuram Rajan; NBER Working Paper Series No. 14739; Cambridge: National Bureau of Economic Research, 2009.
http://www.nber.org/papers/w14739

Money in a Theory of Banking; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 10070; Cambridge: National Bureau of Economic Research, 2003.
http://www.nber.org/papers/W10070

Liquidity Shortages and Banking Crises; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 10071; Cambridge: National Bureau of Economic Research, 2003.
http://www.nber.org/papers/W10071

Liquidity Shortages and Banking Crises; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 8937.; Cambridge: National Bureau of Economic Research, 2002.
http://papers.nber.org/papers/W8937

Banks, Short Term Debt and Financial Crises : Theory, Policy Implications and Applications; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 7764.; Cambridge: National Bureau of Economic Research, 2000.
http://www.nber.org/papers/W7764

Liquidity Risk, Liquidity Creation and Financial Fragility : A Theory of Banking; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 7430.; Cambridge: National Bureau of Economic Research, 1999.
http://papers.nber.org/papers/W7430

A Theory of Bank Capital; Douglas W. Diamond and Raghuram Rajan; NBER working paper series no. 7431.; Cambridge: National Bureau of Economic Research, 1999.
http://papers.nber.org/papers/W7431

Liquidity, Banks, and Markets : Effects of Financial Development on Banks and the Maturity of Financial Claims; Douglas W. Diamond; Policy Research working paper no. WPS 1566; Washington: World Bank 1996.
http://go.worldbank.org/E2TPK0Y6R0

Bank Loan Maturity and Priority When Borrowers Can Refinance; Douglas W. Diamond; Center for Research in Security Prices Working paper series no.359; Chicago: Graduate School of Business, University of Chicago, 1992.

Disclosure, Liquidity and the Cost of Capital; Douglas W. Diamond and Robert E. Verrecchia; Center for Research in Security Prices Working paper series no. 289; Chicago: Graduate School of Business, University of Chicago, 1990.

Seniority and Maturity Structure of Bank Loans and Publicly Traded Debt; Douglas W. Diamond; Center for Research in Security Prices Working paper series no. 308; Chicago: Graduate School of Business, University of Chicago, 1990.

Monitoring and Reputation : The Choice between Bank Loans and Directly Placed Debt; Douglas W. Diamond; Center for Research in Security Prices Working paper series no. 254; Chicago: Graduate School of Business, University of Chicago, 1989.

Asset Services and Financial Intermediation; Douglas W. Diamond; Center for Research in Security Prices Working paper series no. 182; Chicago: Graduate School of Business, University of Chicago, 1986.

Reputation Acquisition in Debt Markets; Douglas W. Diamond; Center for Research in Security Prices Working paper series no. 134; Chicago: Graduate School of Business, University of Chicago, 1985.

Constrained Short-Selling and Asset Price Adjustment to Private Information; Douglas W. Diamond and Robert E. Verrecchia; Center for Research in Security Prices Working paper series no. 144; Chicago: Graduate School of Business, University of Chicago, 1985.

Banking Theory, Deposit Insurance and Bank Regulation; Douglas W. Diamond and Philip H. Dybvig; Center for Research in Security Prices Working paper series no. 142; Chicago: Graduate School of Business, University of Chicago, 1985.

Optimal Release of Information by Firms; Douglas W. Diamond; Center for Research in Security Prices Working paper series no. 102; Chicago: Graduate School of Business, University of Chicago, 1983.

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