Publications

Liquidity Hoarding
With Douglas Gale
Theoretical Economics, Forthcoming
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A Theory of Slow-Moving Capital and Contagion
With Viral Acharya and Hyun Shin
Review of Corporate Finance Studies, Forthcoming
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Fire-sale FDI
With Viral Acharya and Hyun Shin
Korean Economic Review, 27(2), 163-202
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Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking
With Viral Acharya and Denis Gromb
American Economic Journal: Macroeconomics, 4(2), 184-217
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Rollover Risk and Market Freezes
With Viral Acharya and Douglas Gale
Journal of Finance, 66(4), 2011, 1177-1209
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Crisis Resolution and Bank Liquidity
With Viral Acharya and Hyun Shin
Review of Financial Studies, 24(6), 2011, 212-2165
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Liquidity, Bank Runs and Bailouts: Spillover Effects During the Northern Rock Episode
With Paul Goldsmith-Pinkham
Journal of Financial Services Research, 37(2-3), 2010, 83-98 (lead article)
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Systemic Risk and Deposit Insurance Premiums  
With Viral Acharya and Joao Santos
Federal Reserve Bank of New York Economic Policy Review,Special Issue on Central Bank Liquidity Tools and Perspectives on Regulatory Reform, 16(1), 2010, 89-99.

On the Dynamics and Severity of Bank Runs: An Experimental Study
With Andrew Schotter
Journal of Financial Intermediation, 18(2), 2009
217-41
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Cash-in-the-Market Pricing and Optimal Resolution of Bank Failures
With Viral Acharya
Review of Financial Studies,21(6), 2008,
2705-42
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Information Contagion and Bank Herding
With Viral Acharya
Journal of Money, Credit and Banking,40(1), 2008,
215-31
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Too Many to Fail - An Analysis of Time Inconsistency in Bank Closure Policies
With Viral Acharya
Journal of Financial Intermediation,16(1), 2007,
1-31 (lead article)
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Network Models and Financial Stability
With Amadeo Alentorn, Erlend Nier and Jing Yang
Journal of Economic Dynamics and Control,31(6), 2007,
2033-60
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Tanju Yorulmazer's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.