Selected Bibliography for Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Home page of Anil Kashyap
Anil Kashyap author profile at Scopus

Published Works  

"The Benchmark Inclusion Subsidy." Anil K. Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova; Journal of Financial Economics, 2021, 142(2), pp. 756-74.

"Financial Stability Considerations and Monetary Policy." Anil K. Kashyap and Caspar Siegert; International Journal of Central Banking, 2020, 16(1), pp. 231-66.

"My Reflections on the FPC's Strategy." Anil K. Kashyap; Journal of Money, Credit and Banking, 2020, 52(S1), pp. 63-75.

"Would Macroprudential Regulation Have Prevented the Last Crisis?" David Aikman, Jonathan Bridges, Anil Kashyap and Caspar Siegert; Journal of Economic Perspectives, 2019, 33(1), pp. 107-30.

"Best Prices: Price Discrimination and Consumer Substitution." Judith A. Chevalier and Anil K. Kashyap; American Economic Journal: Economic Policy, 2019, 11(1), pp. 126-59.

"What Binds? Interactions between Bank Capital and Liquidity Regulations," Stephen Cecchetti and Anil Kashyap, in The Changing Fortunes of Central Banking. D. Schoenmaker, H. Huang and P. Hartmann, Cambridge: Cambridge University Press, 2018, pp. 192-202.

"The Trade Offs in Leaning against the Wind." François Gourio, Anil K. Kashyap and Jae W. Sim; IMF Economic Review, 2018, 66(1), pp. 70-115.

"Banking and the Evolving Objectives of Bank Regulation." Douglas W. Diamond, Anil K. Kashyap and Raghuram G. Rajan; Journal of Political Economy, 2017, 125(6), pp. 1812-25.

"Who Should Pay for Credit Ratings and How?" Anil K. Kashyap and Natalia Kovrijnykh; The Review of Financial Studies, 2016, 29(2), pp. 420-56.

"Liquidity Requirements, Liquidity Choice, and Financial Stability," Douglas W. Diamond and Anil K. Kashyap, in Handbook of Macroeconomics. J. B. Taylor and H. Uhlig, Elsevier, 2016, pp. 2263-303.

"Will the U.S. And Europe Avoid a Lost Decade? Lessons from Japan’s Postcrisis Experience." Takeo Hoshi and Anil K. Kashyap; IMF Economic Review, 2015, 63(1), pp. 110-63.

"Principles for Macroprudential Regulation." Anil Kashyap, Dimitrios Tsomocos and Alexandros Vardoulakis; Banque de France Financial Stability Review, 2014, 18, pp. 173-81.

"Financial Structure of PPPs Deals Post‐GFC: An International Perspective." Martin Haran, Michael McCord, Norman Hutchison, Stanley McGreal, Alastair Adair, Jim Berry and Anil Kashyap; Journal of Financial Management of Property and Construction, 2013, 18(2), pp. 184-203.

"Conference: An Integrated Framework for Multiple Financial Regulations." Anil Kashyap; Revista de Economia, 2013, 20(1), pp. 7-31.

"An Integrated Framework for Analyzing Multiple Financial Regulations." Charles A. E. Goodhart, Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros P. Vardoulakis; International Journal of Central Banking, 2013, 9, pp. 109-43.

"Market Institutions, Financial Market Risks, and the Financial Crisis." Mark Carey, Anil K. Kashyap, Raghuram Rajan and René M. Stulz; Journal of Financial Economics, 2012, 104(3), pp. 421-24.

"The Optimal Conduct of Monetary Policy with Interest on Reserves." Anil K. Kashyap and Jeremy C. Stein; American Economic Journal: Macroeconomics, 2012, 4(1), pp. 266-82.

"The Japanese Banking Crisis: Where Did It Come from and How Will It End?," Takeo Hoshi and Anil Kashyap, in New Perspectives on Asset Price Bubbles: Theory, Evidence, and Policy. D. D. Evanoff, G. G. Kaufman and A. G. Malliaris, Oxford and New York: Oxford University Press, 2012, pp. 65-137.

"The Macroprudential Toolkit." Anil K. Kashyap, Richard Berner and Charles A. E. Goodhart; IMF Economic Review, 2011, 59(2), pp. 145-61.

"A Macroprudential Approach to Financial Regulation." Samuel G. Hanson, Anil K. Kashyap and Jeremy C. Stein; Journal of Economic Perspectives, 2011, 25(1), pp. 3-28.

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: Princeton University Press, 2010.

"Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan." Takeo Hoshi and Anil K. Kashyap; Journal of Financial Economics, 2010, 97(3), pp. 398-417.

"Zombie Lending and Depressed Restructuring in Japan." Ricardo J. Caballero, Takeo Hoshi and Anil K. Kashyap; American Economic Review, 2008, 98(5), pp. 1943-77.

"Investment Spikes: New Facts and a General Equilibrium Exploration." Francois Gourio and Anil K. Kashyap; Journal of Monetary Economics, 2007, 54(Supplement 1), pp. 1-22.

"The Contradiction in China's Gradualist Banking Reforms." Wendy Dobson and A. K. Kashyap; Brookings Papers on Economic Activity, 2006, 2006(2), pp. 103-62.

"Cyclical Implications of the Basel Ii Capital Standards." Anil K Kashyap and Jeremy C Stein; Economic Perspectives, 2004, 28(1), pp. 18-31.

"Japan's Financial Crisis and Economic Stagnation." Takeo Hoshi and Anil K. Kashyap; Journal of Economic Perspectives, 2004, 18(1), pp. 3-26.

Monetary Policy Transmission in the Euro Area : A Study by the Eurosystem Monetary Transmission Network Ignazio Angeloni, A. K. Kashyap and Benoît Mojon; Cambridge University Press, 2003.

"Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data." Judith A. Chevalier, Anil K. Kashyap and Peter E. Rossi; American Economic Review, 2003, 93(1), pp. 15-37.

"Sorting out Japan's Financial Crisis." Anil K Kashyap; Economic Perspectives, 2002, 26(4), pp. 42.

"Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking." Anil K. Kashyap, Raghuram Rajan and Jeremy C. Stein; Journal of Finance, 2002, 57(1), pp. 33-73.

"Introduction to the Symposium on the Japanese Economic Slump of the 1990s." Anil Kashyap and Andrew K. Rose; Journal of International Economics, 2001, 53( 2), pp. 239.

Corporate Financing and Governance in Japan: The Road to the Future Takeo Hoshi and Anil K. Kashyap; Cambridge and London: MIT Press, 2001.

"Comment on Capital Markets and the Exchange Rate." Anil K. Kashyap; Journal of Money, Credit and Banking, 2001, 33(2), pp. 335-38.

"Is the Bank Merger Wave of the 1990s Efficient? Lessons from Nine Case Studies: Comment," Anil K. Kashyap, in Mergers and Productivity. S. N. Kaplan, Chicago and London: University of Chicago Press, 2000, pp. 171-77.

"The Japanese Banking Crisis: Where Did It Come from and How Will It End?," Takeo Hoshi and Anil Kashyap, in NBER Macroeconomics Annual 1999. B. S. Bernanke and J. J. Rotemberg, Volume 14. Cambridge and London: MIT Press, 2000, pp. 129-201.

"What Do a Million Observations on Banks Say About the Transmission of Monetary Policy?" Anil K. Kashyap and Jeremy C. Stein; American Economic Review, 2000, 90(3), pp. 407-28.

"Will a Common European Monetary Policy Have Asymmetric Effects?" Luigi Guiso and Anil K. Kashyap; Economic Perspectives, 1999, 23(Issue 4), pp. 56.

"Government Debt, the Composition of Bank Portfolios, and the Transmission of Monetary Policy: Discussion," Anil Kashyap, in Government Debt Structure and Monetary Conditions: A Conference Organised by the Bank of England, 18-19 June 1998. K. A. Chrystal, London: Bank of England, 1999, pp. 190-93.

"What Should Regulators Do About Merger Policy?" Anil K. Kashyap; Journal of Banking and Finance, 1999, 23(2-4), pp. 623-27.

"Comment on Angelini, Di Salvo and Ferri." Anil K. Kashyap; Journal of Banking and Finance, 1998, 22(6-8), pp. 955-57.

"The Lending Channel and European Monetary Union," Anil K. Kashyap, in European Monetary Policy. S. Collignon, London and Washington, D.C.: Pinter, 1997, pp. 42-71.

"The Role of Banks in Monetary Policy: A Survey with Implications for the European Monetary Union." Anil K. Kashyap and Jeremy C. Stein; Economic Perspectives, 1997, 21(5), pp. 2-18.

"Interactions between the Seasonal and Business Cycles in Production and Inventories." Stephen G. Cecchetti, Anil K. Kashyap and David W. Wilcox; American Economic Review, 1997, 87(5), pp. 884-92.

"International Cycles." Stephen G. Cecchetti and Anil K. Kashyap; European Economic Review, 1996, 40(2), pp. 331-60.

"Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply." Anil K. Kashyap, Jeremy C. Stein and David W. Wilcox; American Economic Review, 1996, 86(1), pp. 310-14.

"The Role of Banks in the Transmission of Monetary Policy." Anil K. Kashyap and Jeremy C. Stein; NBER Reporter, 1995, Fall, pp. 6.

"International Finance and Firm Investment." R. Glenn Hubbard, Anil K. Kashyap and Toni M. Whited; Journal of Money, Credit, and Banking, 1995, 27(3), pp. 683-701.

"The Impact of Monetary Policy on Bank Balance Sheets." Anil K. Kashyap and Jeremy C. Stein; Carnegie-Rochester Conference Series on Public Policy, 1995, 42, pp. 151-95.

"The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been." Allen N. Berger, Anil K. Kashyap and Joseph M. Scalise; Brookings Papers on Economic Activity, 1995, 1995(2), pp. 55-218.

"Sticky Prices: New Evidence from Retail Catalogs." Anil K. Kashyap; Quarterly Journal of Economics, 1995, 110(1), pp. 245-74.

"Internal Finance and Firm Investment." R. Glenn Hubbard, Anil K. Kashyap and Toni M. Whited; Journal of Money, Credit and Banking, 1995, 27(3), pp. 683-701.

"Review of 'Japanese Monetary Policy'." Anil K. Kashyap; Journal of International Economics, 1994, 37(1-2), pp. 135.

"Monetary Policy and Bank Lending," Anil K. Kashyap and Jeremy C. Stein, in Monetary Policy. N. G. Mankiw, Studies in Business Cycles, vol. 29. Chicago and London: University of Chicago Press, 1994, pp. 221-56.

"Financial System Reform in Poland: Lessons from Japan's Main Bank System," Takeo Hoshi, Anil Kashyap and Gary Loveman, in The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies. M. Aoki and H. Patrick, Oxford and New York: Oxford University Press, 1994, pp. 592-633.

"Inventory Investment, Internal-Finance Fluctuations, and the Business Cycle: Comment." Anil K. Kashyap; Brookings Papers on Economic Activity, 1994, (2), pp. 123-27.

"Credit Conditions and the Cyclical Behavior of Inventories." Anil K. Kashyap, Owen A. Lamont and Jeremy C. Stein; Quarterly Journal of Economics, 1994, 109(3), pp. 565-92.

"Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance." Anil K. Kashyap, Jeremy C. Stein and David W. Wilcox; American Economic Review, 1993, 83(1), pp. 78-98.

"Production and Inventory Control at the General Motors Corporation During the 1920's and 1930's." Anil K. Kashyap and David W. Wilcox; American Economic Review, 1993, 83(3), pp. 383-401.

"Internal Net Worth and the Investment Process: An Application to U.S. Agriculture." R. Glenn Hubbard and Anil K. Kashyap; Journal of Political Economy, 1992, 100(3), pp. 506-34.

"Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation," Mark Gertler, R. Glenn Hubbard and Anil Kashyap, in Financial Markets and Financial Crises. R. G. Hubbard, Chicago and London: University of Chicago Press, 1991, pp. 11-31.

"Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups." Takeo Hoshi, Anil Kashyap and David Scharfstein; Quarterly Journal of Economics, 1991, 106(1), pp. 33-60.

"Evidence on Q and Investment for Japanese Firms." Takeo Hoshi and Anil K. Kashyap; Journal of the Japanese and International Economies, 1990, 4(4), pp. 371-400.

"Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships," Takeo Hoshi, Anil K. Kashyap and David S. Scharfstein, in Asymmetric Information, Corporate Finance, and Investment. R. G. Hubbard, Chicago and London: University of Chicago Press, 1990, pp. 105-26.

"The Role of Banks in Reducing the Costs of Financial Distress in Japan." Takeo Hoshi, Anil Kashyap and David Scharfstein; Journal of Financial Economics, 1990, 27(1), pp. 67-88.

Price Setting and Investment: Models and Evidence; Anil Kashyap; Ph.D. Dissertation, Massachusetts Institute of Technology, 1989.